Lagos, Nigeria
+22% vs Lagos avgLekki Phase 1 is one of the pricier neighborhoods in Lagos, with a cost of living index of 33.3 — that is +22% compared to the Lagos average. It ranks #4 out of 20 areas by cost. Estimated rent for a one-bedroom apartment here is around ₦1,157,530/month, compared to a range of ₦616,717 in Agege to ₦1,375,753 in Banana Island.
For a typical resident of Lekki Phase 1, housing takes up roughly 55% of monthly expenses. Food and groceries account for about 15%, while transportation costs around 8%. To live comfortably here — meaning rent stays at or below 30% of gross income — you would need an annual salary of approximately ₦46,301,205 before tax.
Salaries in Lekki Phase 1 reflect the local cost of living. Based on the neighborhood COLI of 33.3:
After tax and deductions of 31.5% in Nigeria, take-home pay for someone earning ₦46,301,205 would be roughly ₦31,716,325/year. Use the salary converter to calculate an exact figure for your situation, including expat-specific tax adjustments.
Estimated annual deductions on a ₦39,493,599 salary in Lekki Phase 1, Lagos (local employee).
Rates shown are for a local employee. Use the salary converter for expat calculations.
What a $75,000 USD salary in Lekki Phase 1 would need to be elsewhere:
| City | Currency | Equivalent |
|---|---|---|
| New York | USD | $24,975 |
| London | GBP | £21,493 |
| Dubai | AED | AED 124,970 |
| Neighborhood | COLI | Multiplier | vs Avg |
|---|---|---|---|
| Banana Island | 39.6 | 1.45x | +45% |
| Victoria Island | 36.9 | 1.35x | +35% |
| Ikoyi | 35.5 | 1.30x | +30% |
| Chevron Drive | 30.6 | 1.12x | +12% |
| Lekki Phase 2 | 29.5 | 1.08x | +8% |
See exactly what you need to earn in Lekki Phase 1, Lagos to maintain your lifestyle.
Open Salary ConverterNeighborhoods with a similar cost of living to Lekki Phase 1:
Yes, Lekki Phase 1 is one of the more expensive neighborhoods in Lagos. It costs about +22% more than the city average, ranking #4 out of 20 neighborhoods.
The cost of living in Lekki Phase 1 is significantly above the Lagos average. With a multiplier of 1.22x, everyday expenses including rent, food, and transportation are +22% compared to the city baseline.