Victoria Island vs Ikoyi

Neighborhood comparison in Lagos, Nigeria

Victoria Island

36.9
COLI Index
More Expensive
VS

Ikoyi

35.5
COLI Index
More Affordable

Side-by-Side Comparison

1.35x
Victoria Island Multiplier
1.30x
Ikoyi Multiplier
₦1,280,873
Est. 1BR Rent
₦1,233,434
Est. 1BR Rent
₦43,763,178
$75K Equivalent
₦42,102,786
$75K Equivalent

Cost Comparison

Victoria Island
1.35x
Ikoyi
1.30x

Victoria Island is 4% more expensive than Ikoyi within Lagos. Living in Ikoyi instead of Victoria Island could save you significantly on rent and daily expenses.

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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.