What is the average monthly income in Lagos Nigeria?
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What is the average monthly income in Lagos Nigeria?
On average, the monthly cost of living for an individual in Nigeria amounted to 43.2 thousand Naira, whereas this figure added up to 137.6 thousand Naira for a family. In 2019, the minimum wage of 30 thousand Naira became law.
What is the average income in Lagos?
Employees in Lagos, Nigeria earn an average of ₹25lakhs, mostly ranging from ₹12lakhs per year to ₹49lakhs per year based on 27 profiles. The top 10\% of employees earn more than ₹37lakhs per year.
What’s a good salary in Nigeria?
Living Wage Individual in Nigeria averaged 42500 NGN/Month from 2015 until 2018, reaching an all time high of 43200 NGN/Month in 2018 and a record low of 41800 NGN/Month in 2015. Nigeria Living Wage Individual – values, historical data and charts – was last updated on December of 2021.
How much does an average Nigerian make a month?
A person who works in Hungary will typically earn around $ 2975 per month. The minimum amount you can make is $ 2853.9 per month, while the maximum salary of most jobs is $ 9287.54. Half of the population earns more than $ 2160, which is the median salary, while the other half makes less than the median salary.
What is middle class income in Nigeria?
Our findings about the Nigerian middle class are summarised below: Their average monthly income is in the range NGN75,000-100,000 ($480- 645, or roughly $6,000-7,000 pa). The middle class make up about 23\% of the Nigerian population, according to African Development Bank (AfDB) data.
Is living in Lagos expensive?
Summary about cost of living in Lagos, Nigeria: Family of four estimated monthly costs are 1,966$ (806,339₦) without rent. A single person estimated monthly costs are 539$ (221,042₦) without rent. Lagos is 62.78\% less expensive than New York (without rent).
How much does it cost to live in Lagos?
List of prices in Lagos Current as of Dec 2021.
| Food | Update prices |
|---|---|
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area | 484,711 ₦ |
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area | 440,404 ₦ |
| Utilities 1 month (heating, electricity, gas …) for 2 people in 85m2 flat | 26,396 ₦ |
How much is the average monthly income?
How much does an Average make? While ZipRecruiter is seeing monthly salaries as high as $11,333 and as low as $1,708, the majority of Average salaries currently range between $4,125 (25th percentile) to $6,167 (75th percentile) across the United States.
What is the average salary of a person working in Lagos?
A person working in Lagos typically earns around 482,943 NGN per month. This is the average monthly salary including housing, transport, and other benefits. Salaries differ drasticly between different jobs. If you are interested in the salary of a particular job, see below for salaries for specific job titles.
How much does it cost a single person to live in Lagos?
A single person monthly costs: 484.45$ (175,264.40₦) without rent. Cost of living index in Lagos is 63.26\% lower than in New York. Cost of living rank 287 th out of 376 cities in the world. Lagos has a cost of living index of 36.74.
What is it like to live in Lagos?
Lagos is DIRTY . (every where you go you will always see dirts on the ground, and in drainages). Housing – You will have to pay 12 – 18 month deposit. Getting a cheap place can be relatively easy if you have the cash. Houses are of low quality except in places like Ikoyi, Banana Island, some part of Lekki, some part of Ajah, Magodo, Surulere.
What is the average hourly wage in Nigeria?
The average hourly wage (pay per hour) in Nigeria is 1,950 NGN. This means that the average person in Nigeria earns approximately 1,950 NGN for every worked hour. Hourly Wage = Annual Salary ÷ ( 52 x 5 x 8 ) The hourly wage is the salary paid in one worked hour.