Lagos, Nigeria
-32% vs Lagos avgOshodi is one of the most affordable neighborhoods in Lagos, with a cost of living index of 18.6 — that is -32% compared to the Lagos average. Ranked #19 of 20, it offers some of the lowest costs in the city. Estimated rent for a one-bedroom apartment here is around ₦645,181/month, compared to a range of ₦616,717 in Agege to ₦1,375,753 in Banana Island.
For a typical resident of Oshodi, housing takes up roughly 31% 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 ₦25,807,229 before tax.
Salaries in Oshodi reflect the local cost of living. Based on the neighborhood COLI of 18.6:
After tax and deductions of 31.1% in Nigeria, take-home pay for someone earning ₦25,807,229 would be roughly ₦17,781,181/year. Use the salary converter to calculate an exact figure for your situation, including expat-specific tax adjustments.
Estimated annual deductions on a ₦22,059,488 salary in Oshodi, Lagos (local employee).
Rates shown are for a local employee. Use the salary converter for expat calculations.
What a $75,000 USD salary in Oshodi would need to be elsewhere:
| City | Currency | Equivalent |
|---|---|---|
| New York | USD | $13,950 |
| London | GBP | £12,005 |
| Dubai | AED | AED 69,803 |
| 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 Oshodi, Lagos to maintain your lifestyle.
Open Salary ConverterNeighborhoods with a similar cost of living to Oshodi:
Oshodi is one of the more affordable neighborhoods in Lagos. It costs about -32% less than the city average, ranking #19 out of 20 neighborhoods.
The cost of living in Oshodi is well below the Lagos average. With a multiplier of 0.68x, everyday expenses including rent, food, and transportation are -32% compared to the city baseline.