Banana Island vs Victoria Island

Neighborhood comparison in Lagos, Nigeria

Banana Island

39.6
COLI Index
More Expensive
VS

Victoria Island

36.9
COLI Index
More Affordable

Side-by-Side Comparison

1.45x
Banana Island Multiplier
1.35x
Victoria Island Multiplier
₦1,375,753
Est. 1BR Rent
₦1,280,873
Est. 1BR Rent
₦46,965,361
$75K Equivalent
₦43,763,178
$75K Equivalent

Cost Comparison

Banana Island
1.45x
Victoria Island
1.35x

Banana Island is 7% more expensive than Victoria Island within Lagos. Living in Victoria Island instead of Banana Island could save you significantly on rent and daily expenses.

Calculate Your Exact Salary

See what you need to earn in Lagos to maintain your lifestyle, with neighborhood-level precision.

Open Salary Converter

More Comparisons in Lagos

Banana Island vs Ikoyi Festac Town vs Oshodi Festac Town vs Agege Banana Island vs Agege Banana Island vs Maryland Victoria Island vs Ikoyi Oshodi vs Agege Maryland vs Agege

More Neighborhoods in Lagos

Agege Ajah Amuwo-Odofin Chevron Drive Festac Town Gbagada Ikeja Ikoyi Ilupeju Lekki Phase 1 Lekki Phase 2 Magodo Maryland Ogudu Oshodi Sangotedo Surulere Yaba
Data Sources: Cost of living data from Numbeo · Expatistan. Rent from Numbeo Property Prices. Tax rates from OECD Taxing Wages. Salary data from BLS · Glassdoor. Exchange rates from the ECB. Updated 2026-02-28. All figures are estimates.