Location Factors

Lagos

The location factor for Lagos (Nigeria) is 0.86, based on local living costs.

This means a ₦10,997,484 per year salary would roughly be compareable to €60,000 in Berlin (Germany).
If you would have to pay full taxes in Germany, this amount would rise to ₦12,859,961.

You can also start a calculation based on Lagos.

Name Lagos
🇳🇬
Nigeria
Chosen Factor 0.86 1.00* 0.83 0.97*
Market Rates unavailable unavailable
Consumer Price Index 0.83 0.98* 0.78 0.91*
Rent Index* 0.93 1.08* 0.82 0.96*
Consumer Price Plus Rent Index 0.86 1.00* 0.79 0.92*
Groceries Index 0.86 1.00* 0.83 0.97*
Restaurant Price Index* 0.82 0.96* 0.68 0.80*
Local Purchasing Power Index* 0.37 0.44* 0.36 0.42*
Buffer Location Bracket* C C
Currency Nigerian Naira (NGN)
Income Tax* 7% to 24%
* Not used for index.* If taxes paid in Germany instead.
Market rates unknown. Living costs based on Numbeo.