Cost of living
Akure compared to Lagos State
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Overview comparison
AkureLagos State
Consumer prices in Lagos State are roughly 43% higher than in Akure.
Cost of living
| Item | Akure | Lagos State |
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| Total with rent one person | 537 | 1,238 |
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| Total with rent family | 1,518 | 2,948 |
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| Without rent one person | 336 | 632 |
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| Without rent one family | 914 | 1,579 |
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| Rent & Utilities person | 289.94 | 565.28 |
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| Rent & Utilities family | 470.71 | 1,789.48 |
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| Food person | 244 | 305 |
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| Food family | 592 | 870 |
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| Transport person | 96.16 | 205.75 |
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| Transport family | 201.26 | 592.59 |
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| Life expectancy | 69.94 years | 69.94 years |
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Eating Out
| Item | Akure | Lagos State |
|---|
| Lunch Menu | 1.59 | 2.79 |
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| Dinner in a Restaurant, for 2 | 13.81 | 36.44 |
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| Fast food meal, equiv. McDonald's | 5.96 | 6.53 |
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| Beer in a Pub, 0.5 L or 16 fl oz | 3.15 | 0.93 |
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| Cappuccino | 1.74 | 2.27 |
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| Pepsi / Coke, 0.5 L or 16.9 fl oz | 0.34 | 0.43 |
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Rent & Utilities
| Item | Akure | Lagos State |
|---|
| 1 bedroom apartment in city Center, 40 m2 or 430 ft2 | 360.1 | 883.19 |
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| Cheap 1 bedroom apartment, 40 m2 or 430 ft2 | 223.72 | 416.49 |
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| 3 bedroom apartment in city Center, 80 m2 or 860 ft2 | 689.19 | 1,907.09 |
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| Cheap 3 bedroom apartment, 80 m2 or 860 ft2 | 313.56 | 1,464.95 |
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| Utility Bill one person, electricity, heating, water, etc. | 13.94 | 21.17 |
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| Utility Bill for a Family, electricity, heating, water, etc. | 21.41 | 43 |
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| Internet plan, 25 Mbps+ 1 month unlimited | 16.11 | 36.08 |
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Transportation
| Item | Akure | Lagos State |
|---|
| Local transport ticket | 18.27 | 16.49 |
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| Monthly ticket local transport | 747 | 1,498 |
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| Taxi Ride, 8 km or 5 mi | 650 | 257 |
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| Gas / Petrol, 1 L or 0.26 gal | 0.26 | 0.58 |
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| Mortgage Interest Rate for 20 Years | 13.95% | 43.27% |
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| Apartment price to Buy in city Center, 1 m2 or 10 ft2 | 21.6 | 21.36 |
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| House price to Buy in Suburbs, 1 m2 or 10 ft2 | 0.46 | 0.79 |
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Groceries
| Item | Akure | Lagos State |
|---|
| Milk, 1 L or 1 qt | 1.76 | 3.23 |
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| Bread, 0.5 kg or 1.1 lb | 0.88 | 1.69 |
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| Eggs, x12 | 1.88 | 2.2 |
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| Cheese, 1 kg or 2.2 lb | 6.9 | 5.02 |
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| Chicken Breast, 1 kg or 2.2 lb | 4.77 | 5.07 |
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| Round Steak, 1 kg or 2.2 lb | 5.79 | 5.68 |
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| Banana, 1 kg or 2.2 lb | 2.63 | 2.74 |
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| Water, 1 L or 1 qt | 0.29 | 0.32 |
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Other
| Item | Akure | Lagos State |
|---|
| Gym Membership, 1 month | 26.97 | 38.55 |
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| Cinema Ticket, 1 person | 4.35 | 6.96 |
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| Doctors visit | 6.98 | 11.12 |
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| Haircut, simple | 1.62 | 2.03 |
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| Brand Jeans | 18.2 | 25.07 |
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| Brand Sneakers | 73.35 | 66.36 |
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| Daycare or Preschool, 1 month | 65.74 | 64.94 |
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| International Primary School, 1 year | 2,659 | 2,248 |
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