What is the average income in Nigeria in US dollars?

Monthly living wage for individuals and families in Nigeria 2020. On average, the monthly cost of living for an individual in Nigeria amounted to 43.2 thousand Nigerian Naira, which equaled to roughly 111 U.S. dollars. On the other hand, this figure added up to 137.6 thousand Naira for a family, about 354 U.S. dollars.

What is a middle class income in Nigeria?

Our findings about the Nigerian middle class are summarised below: ▪ Their average monthly income is in the range NGN75,000-100,000 ($480- 645, or roughly $6,000-7,000 pa). ▪ The middle class make up about 23\% of the Nigerian population, according to African Development Bank (AfDB) data.

How much is monthly salary in Nigeria?

The national minimum wage for federal workers in Nigeria reached 30 thousand Nigerian Naira in 2021, which equaled to about 77 U.S. dollars. On average, the monthly cost of living for an individual in Nigeria amounted to 43.2 thousand Naira, whereas this figure added up to 137.6 thousand Naira for a family.

What is upper class income in Nigeria?

The survey estimates that of the estimated 169 million people in Nigeria only 3.3 million people are classified as upper class (earning above USD 140,000 p.a.) whilst more than 49 million people earn less than USD 1,400 per annum (p.a.).

How much is the average rent in Nigeria?

Cost of living in Nigeria chart

Accommodation (monthly rent)
Three-bedroom apartment in city centre	NGN 400,000
One-bedroom apartment in city centre	NGN 150,000
One-bedroom apartment outside of city centre	NGN 40,000
Shopping and groceries

How much is a graduate paid in Nigeria?

Average Salary of Workers in Nigeria 2021: The average monthly salary a worker in Nigeria earns is about N516, 995 including transport, housing, and other benefits.