LagosvsLima
Overall
💰+5.0%
Lagos is 5.0%more expensive
Rent
🏠-6.7%
Housing is 6.7% lower
Dining
🍽️0.0%
Restaurants 0.0% same
Groceries
🛒0.0%
Food shopping 0.0% same
Comparing the cost of living between Lagos, Nigeria and Lima, Peru reveals significant insights for anyone considering relocation or travel in 2025. Our comprehensive analysis shows that Lagos is more expensive than Lima by approximately 5.0%. This comparison covers essential living expenses including housing, food, transportation, and utilities, providing you with a complete picture of what to expect financially in each city.
Key Cost Differences
Housing costs in Lagos are higher than in Lima by 7%. A one-bedroom apartment in Lagos's city center costs around NGN 800,000, while the same in Lima is approximately PEN 2,000.
Dining out in Lagos costs about the same compared to Lima. An inexpensive restaurant meal costs NGN 3,000 in Lagos versus PEN 15 in Lima.
Public transportation in Lagos is more expensive, with monthly passes at NGN 20,000 compared to PEN 100 in Lima.
Purchasing power in Lima is notably stronger, meaning residents can afford more goods and services with their local salaries compared to Lagos.
Monthly Budget Breakdown
When breaking down monthly expenses, a single person in Lagos can expect to spend approximately NGN 174,600 per month (excluding rent), while in Lima, the same lifestyle would cost around PEN 867. For families, these figures increase significantly, with a family of four requiring about NGN 611,100 monthly in Lagos versus PEN 3,035 in Lima. These estimates include groceries, dining out, transportation, utilities, and entertainment, providing a realistic picture of day-to-day living costs in each city.
Detailed Cost Comparison
🏠 Housing Costs (Monthly Rent)
🍽️ Food & Dining
🛒 Groceries
🚌 Transportation
💡 Utilities & Internet
Tips for Moving Between Cities
For those considering a move from Lagos to Lima, the cost savings can be substantial, particularly in housing and daily expenses. However, it's important to factor in salary differences and job opportunities. Conversely, moving from Lima to Lagos requires careful financial planning. Consider negotiating salary adjustments that reflect the higher cost of living, and research neighborhoods outside the city center for more affordable housing options while maintaining reasonable commute times.
Quality of Life Indices
Lagos
Lima
Frequently Asked Questions
Is Lagos more expensive than Lima?
The cost of living in Lagos and Lima is relatively similar, with only minor differences in specific categories. Your actual expenses will depend on your lifestyle choices.
How much salary do I need in Lagos compared to Lima?
To maintain the same standard of living, you would need approximately 1.1x of your Lima salary when living in Lagos. For example, if you earn $50,000 in Lima, you'd need about $52,500 in Lagos for a comparable lifestyle.
What are the biggest cost differences between Lagos and Lima?
The most significant cost difference is in housing. Rent prices differ by approximately 7%, making it a major factor in your budget planning. Transportation and utilities show notable variations between the two cities.
Which city is better for expats and digital nomads?
Lima offers better purchasing power, making it more attractive for those earning in strong currencies. However, Lima provides lower living costs, which benefits budget-conscious travelers. Consider Lagos if you prioritize cultural experiences, or Lima for better value.
What's a reasonable monthly budget for Lagos vs Lima?
In Lagos, a single person needs approximately NGN 574,600 per month (including rent), while a family of four requires about NGN 1,611,100. In Lima, these figures are PEN 2,067 for singles and PEN 5,235 for families. These estimates include housing, food, transportation, and basic entertainment.
The cost of living comparison between Lagos and Lima in 2025 shows moderate differences across various expense categories. Whether you're planning a relocation for work, considering retirement options, or simply curious about living costs, understanding these differences is crucial for making informed financial decisions.
Need to calculate salary equivalence?
Find out how much you need to earn in Lima to maintain your lifestyle from Lagos
Calculate Salary Equivalence