Is n65k salary job good enough in lagos

The age-old question: is a certain salary good enough in Lagos?

The answer depends on various factors, including your lifestyle, expenses, and personal financial goals. Here's a breakdown to help you decide:

Cost of living in Lagos:

Lagos is one of the most populous and expensive cities in Nigeria. The cost of living in Lagos is relatively high, especially when it comes to housing, transportation, and food.

Average expenses in Lagos:

Here are some average expenses to consider:

  1. Housing: ₦150,000 - ₦500,000 per month (depending on location and type of accommodation)
  2. Transportation: ₦10,000 - ₦50,000 per month (depending on mode of transportation and frequency)
  3. Food: ₦50,000 - ₦150,000 per month (depending on eating out or cooking at home)
  4. Utilities (electricity, water, internet): ₦20,000 - ₦50,000 per month
  5. Other expenses (entertainment, savings, miscellaneous): ₦50,000 - ₦100,000 per month

N65,000 salary in Lagos:

With a salary of N65,000, you'll need to be mindful of your expenses to make the most of your income. Here's a rough breakdown of how you could allocate your salary:

  1. Housing: ₦20,000 - ₦30,000 per month (you might need to share an apartment or consider a smaller space)
  2. Transportation: ₦5,000 - ₦10,000 per month (you might need to use public transportation or consider a more affordable option)
  3. Food: ₦20,000 - ₦30,000 per month (you might need to cook at home more often or opt for more affordable food options)
  4. Utilities: ₦5,000 - ₦10,000 per month
  5. Other expenses: ₦10,000 - ₦20,000 per month

Is N65,000 a good salary in Lagos?

While N65,000 is a decent salary, it might be a bit challenging to maintain a comfortable lifestyle in Lagos, especially if you're used to a higher standard of living. However, with careful budgeting and planning, you can still make the most of your income.

Here are some tips to help you stretch your N65,000 salary:

  1. Create a budget and track your expenses to ensure you're not overspending.
  2. Consider sharing an apartment or finding a more affordable accommodation.
  3. Use public transportation or carpool to reduce transportation costs.
  4. Cook at home more often and opt for more affordable food options.
  5. Prioritize your expenses and cut back on non-essential spending.

Ultimately, whether N65,000 is a good salary in Lagos depends on your individual circumstances and financial goals. If you're able to manage your expenses effectively and prioritize your spending, you can still have a comfortable life in Lagos with this salary.