Lagos, Nigeria
+8% vs Lagos avgLekki Phase 2 is a moderately-priced area within Lagos, with a cost of living index of 29.5 — that is +8% compared to the Lagos average. It sits around the middle of the pack at #6 out of 20 neighborhoods. Estimated rent for a one-bedroom apartment here is around ₦1,024,699/month, compared to a range of ₦616,717 in Agege to ₦1,375,753 in Banana Island.
For a typical resident of Lekki Phase 2, housing takes up roughly 49% 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 ₦40,987,952 before tax.
Salaries in Lekki Phase 2 reflect the local cost of living. Based on the neighborhood COLI of 29.5:
After tax and deductions of 31.4% in Nigeria, take-home pay for someone earning ₦40,987,952 would be roughly ₦28,117,735/year. Use the salary converter to calculate an exact figure for your situation, including expat-specific tax adjustments.
Estimated annual deductions on a ₦34,986,822 salary in Lekki Phase 2, 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 2 would need to be elsewhere:
| City | Currency | Equivalent |
|---|---|---|
| New York | USD | $22,125 |
| London | GBP | £19,040 |
| Dubai | AED | AED 110,709 |
| 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% |
| Lekki Phase 1 | 33.3 | 1.22x | +22% |
| Chevron Drive | 30.6 | 1.12x | +12% |
See exactly what you need to earn in Lekki Phase 2, Lagos to maintain your lifestyle.
Open Salary ConverterNeighborhoods with a similar cost of living to Lekki Phase 2:
Lekki Phase 2 is near the city average for Lagos. Costs are about +8% vs the average, making it a mid-range neighborhood.
The cost of living in Lekki Phase 2 is above the Lagos average. With a multiplier of 1.08x, everyday expenses including rent, food, and transportation are +8% compared to the city baseline.