LimavsLagos
Overall
đź’°-4.8%
Lima is 4.8%cheaper
Rent
đźŹ+7.1%
Housing is 7.1% higher
Dining
🍽️0.0%
Restaurants 0.0% same
Groceries
đź›’0.0%
Food shopping 0.0% same
Comparing the cost of living between Lima, Peru and Lagos, Nigeria reveals significant insights for anyone considering relocation or travel in 2025. Our comprehensive analysis shows that Lima is more affordable than Lagos by approximately 4.8%. 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 Lima are lower than in Lagos by 7%. A one-bedroom apartment in Lima's city center costs around PENÂ 2,000, while the same in Lagos is approximately NGNÂ 800,000.
Dining out in Lima costs about the same compared to Lagos. An inexpensive restaurant meal costs PENÂ 15 in Lima versus NGNÂ 3,000 in Lagos.
Public transportation in Lima is more affordable, with monthly passes at PENÂ 100 compared to NGNÂ 20,000 in Lagos.
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 Lima can expect to spend approximately PENÂ 867 per month (excluding rent), while in Lagos, the same lifestyle would cost around NGNÂ 174,600. For families, these figures increase significantly, with a family of four requiring about PENÂ 3,035 monthly in Lima versus NGNÂ 611,100 in Lagos. 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
đź›’ Groceries
🚌 Transportation
đź’ˇ 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
Lima
Lagos
Frequently Asked Questions
Is Lima more expensive than Lagos?
The cost of living in Lima and Lagos 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 Lima compared to Lagos?
To maintain the same standard of living, you would need approximately 95% of your Lagos salary when living in Lima. For example, if you earn $50,000 in Lagos, you'd need about $47,727 in Lima for a comparable lifestyle.
What are the biggest cost differences between Lima and Lagos?
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 Lima if you prioritize earning potential, or Lagos for affordability.
What's a reasonable monthly budget for Lima vs Lagos?
In Lima, a single person needs approximately PENÂ 2,067 per month (including rent), while a family of four requires about PENÂ 5,235. In Lagos, these figures are NGNÂ 574,600 for singles and NGNÂ 1,611,100 for families. These estimates include housing, food, transportation, and basic entertainment.
The cost of living comparison between Lima and Lagos 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 Lagos to maintain your lifestyle from Lima
Calculate Salary Equivalence