Table of Contents
What is the cost of living in Abuja?
Cost of living in Abuja chart
| Accommodation (monthly rent) | |
|---|---|
| Three-bedroom apartment in city centre | NGN 160,000 |
| Three-bedroom apartment outside of city centre | NGN 60,000 |
| One-bedroom apartment in city centre | NGN 65,000 |
| One-bedroom apartment outside of city centre | NGN 25,000 |
How much do I need to live in Nigeria?
Summary: Family of four estimated monthly costs are 1,613$ (665,461₦) without rent. A single person estimated monthly costs are 444$ (183,260₦) without rent. Cost of living in Nigeria is, on average, 56.20\% lower than in United States.
What are the causes of high cost of living?
In recent decades, the younger generation has seen a relatively faster rise in the cost of living. This is primarily caused by rising cost of housing and rent. With demand for housing exceeding supply, the price of renting has gone up faster than inflation.
Where do expats live in Abuja?
Housing for expats is usually concentrated in specific pockets of a city. In Lagos, this is Victoria Island and Ikoyi, while in Abuja, it’s mostly found in the Maitama or Mississippi districts.
Where should I live in Abuja?
The Best Places To Live In Abuja
- Asokoro. Asokoro is one of the most high-class districts in Nigeria.
- Jabi. Jabi can be considered the younger brother of Maitama and Asokoro, not quite as expensive to live in, but with pretty much all the benefits of residing in those two places.
- Gwarinpa.
- Lokogoma.
- Jahi.
- Apo.
- Life Camp.
How much does a loaf of bread cost in Nigeria?
Average prices of selected food products in Nigeria as of September 2021 (in Naira)
| Characteristic | Prices in Nigerian Naira |
|---|---|
| Bread sliced 500g | 384.73 |
| Bread unsliced 500g | 351.95 |
| Broken rice (Ofada), 1kg | 473.75 |
| Catfish (Obokun), fresh, 1kg | 1,232.25 |
What happens when cost of living is too high?
When living costs rise, housing becomes less affordable. When the cost of living rises rapidly, its impact can be felt in unusual ways. Rising living costs can even affect labor and labor markets. For instance, lower-income households might supply a key segment of the workforce to a major sector.
How much has the cost of living gone up in 2021?
Under title II of the Social Security Act (Act), there will be a 5.9 percent cost-of-living increase in Social Security benefits effective December 2021.
Where is the cheapest cost of living in Canada?
The Cheapest Cities to Live in Canada
- Saint-Jean-sur-Richelieu, Quebec. Saint-Jean-sur-Richelieu lies on the banks of the Richelieu River at the northern tip of Lake Champlain.
- Longueuil, Quebec.
- Lévis, Quebec.
- Weyburn, Saskatchewan.
- Brockville, Ontario.
- Prince George, British Columbia.
- Sarnia, Ontario.
- Val-d’Or, Quebec.