How much is an apartment in Lagos?

How much is an apartment in Lagos?

The average price of flats for rent in Lagos is u20a61,500,000 per annum. The most expensive flat / apartment costs u20a618,000,000 per annum while the cheapest costs u20a6150,000 per annum. There are 241,474 listings and 9,510 available flats for rent in Lagos, Nigeria.

Is rent expensive in Lagos?

Rent ranges from N50,000 per day to almost N500,000 per month depending on the number of rooms and size of the apartment. However, the prices on both platforms are steep for the pockets of most Lagos residents.

Is a studio or apartment better?

One-bedroom apartments are almost always the better option if you’re moving in with someone else. After all, a 1-bedroom unit offers more space, storage, and comfort for two people cohabitating than a cramped studio apartment. Studio apartments can also save a bundle when you live with a roommate or significant other.

How much does a one-bedroom apartment cost in Nigeria?

Accommodation (monthly rent)Three-bedroom apartment in city centreNGN 400,000One-bedroom apartment in city centreNGN 150,000One-bedroom apartment outside of city centreNGN 40,000Shopping and groceries21 more rows

Which is bigger apartment or studio?

Unlike an apartment with bedrooms, a studio is going for a more compact design. Studio apartments usually max out at a total of 600 square feet but can get as small as 300 square feet.

What is a studio size apartment?

A studio is a one-room apartment (plus bathroom) that combines the bedroom, living room and kitchen/kitchenette into one open space. Although a studio apartment layout does not include any walls or dividers separating those rooms, there is space for a bed, living area and kitchen area.

What is the difference between apartment and studio?

The defining difference between a studio and 1-bedroom apartment is that a 1-bedroom features a separate bedroom area that is distinct and closed off from the living room and kitchen area. A studio apartment is generally a self-contained space that houses everything in a single room with a separate bathroom.

Is it good to invest in studio apartment?

A studio apartment can be a good investment if you are a newbie or conservative investor wary of putting your money in equity or mutual funds. Most Indians consider real estate a safe investment option, so buying a studio apartment, for which you need to pay a home loan EMI of Rs 6,000-10,000, can be a feasible choice.

How much does an apartment cost in Nigeria?

Accommodation (monthly rent)Three-bedroom apartment in city centreNGN 400,000Three-bedroom apartment outside of city centreNGN 80,000One-bedroom apartment in city centreNGN 150,000One-bedroom apartment outside of city centreNGN 40,00021 more rows

How much does it cost to live in Lagos?

Summary about cost of living in Lagos, Nigeria: Family of four estimated monthly costs are 1,944$ (809,301u20a6) without rent.A single person estimated monthly costs are 532$ (221,624u20a6) without rent. Lagos is 63.13% less expensive than New York (without rent).

How much is rent in Lagos Nigeria in US dollars?

Apartment TypeCost of Apartment in the US3 Bedroom Apartment (Outside Metropolitan Areas)559,170.25 Naira (1,639.09 Dollars)1 Bedroom Apartment (Metropolitan Areas)467,576.76 Naira (1,289.87 Dollars)1 Bedroom outside the metropolis.371,062 (1,023.62 dollars)2 more rows

What is a good salary in Lagos Nigeria?

Job typeMedian salary (USD)Salary ranking compared to all citiesIT Manager$30,979200/265Electrical Engineer$30,570171/265Nurse$30,139134/265Business Analyst$29,930184/26548 more rows

Is it expensive to live in Lagos?

Expats moving to Nigeria are often shocked when they find out how high the country’s cost of living is. The most expensive city in Nigeria is Lagos, and Mercer’s 2020 Cost of Living Survey ranks the city 18th out of 209 cities, which makes its cost of living comparable to London and Moscow.

Why is house rent expensive in Lagos?

Due to its limited geographic size, large population, and status as Nigeria’s central business district, housing in Lagos is in high demand. This makes rent incredibly high.

What is a good salary in Lagos?

The average price of flats for rent in Lagos is u20a61,500,000 per annum. The most expensive flat / apartment costs u20a618,000,000 per annum while the cheapest costs u20a6150,000 per annum. There are 241,474 listings and 9,510 available flats for rent in Lagos, Nigeria.

Why living in a studio is better?

Multi-Tasking is Made Easy When living in a studio apartment, it is so much easier to do more than one thing at one time. You can simultaneously clean the apartment while catching up on your favourite TV programme, or cook dinner and talk to your friends and family while they are sitting comfortably in the living area.

Why do people want studio apartments?

You’ll Save Rent Money A studio apartment is undoubtedly going to cost less than a one-bedroom rental in the same area, just as undoubtedly the money savings is the number one reason you’d lean toward a studio unit in the first place. At the very least, they tend to run about $150 to $200 less than a one-bedroom.

Is it hard to live in a studio apartment?

The defining difference between a studio and 1-bedroom apartment is that a 1-bedroom features a separate bedroom area that is distinct and closed off from the living room and kitchen area. A studio apartment is generally a self-contained space that houses everything in a single room with a separate bathroom.

How much money do you need to live comfortably in Lagos Nigeria?

Summary about cost of living in Lagos, Nigeria: Family of four estimated monthly costs are 1,944$ (809,301u20a6) without rent.A single person estimated monthly costs are 532$ (221,624u20a6) without rent. Lagos is 63.13% less expensive than New York (without rent).

Is Nigeria cheaper than USA?

Definitions.STATNigeriaUnited StatesConsumer price index x26gt; Excluding rent74.06 Ranked 38th.76.81 Ranked 33th. 4% more than Nigeria41 more rows

How much money do you need to live in Nigeria?

Summary: Family of four estimated monthly costs are 1,613$ (670,127u20a6) without rent.A single person estimated monthly costs are 444$ (184,527u20a6) without rent. Cost of living in Nigeria is, on average, 56.92% lower than in United States.

How much is a house in Nigeria in US dollars?

Apartment TypeCost of Apartment in the USCost of Apartment in Nigeria1 Bedroom Apartment (Metropolitan Areas)467,576.76 Naira (1,289.87 Dollars)219,750.00 Naira (606.21 Dollars)1 Bedroom outside the metropolis.371,062 (1,023.62 dollars)123,794 Naira (341 Dollars)3 more rows

What is difference between studio and apartment?

The defining difference between a studio and 1-bedroom apartment is that a 1-bedroom features a separate bedroom area that is distinct and closed off from the living room and kitchen area. A studio apartment is generally a self-contained space that houses everything in a single room with a separate bathroom.

What is bigger than a studio apartment?

Efficiency apartments are smaller than studio apartments, and they often don’t come with many of the features you’ll find in a studio. When you walk into this kind of apartment, it’s common to see a separate kitchenette attached to the living space.

Can 2 people live in a studio?

In most cases, you can have a roommate in a studio apartment. Most occupancy standards state that two people per bedroom is acceptable, and a studio apartment is considered to be a self-contained unit with a bedroom.