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Low, Middle And High Income - Career (2) - Nairaland

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Re: Low, Middle And High Income by iCauseTrouble: 11:58am On Aug 21, 2023
If you are earning less than 1 million a month, you are still in Low income.
1 - 1,000,000 = Low Income
1,000,000 - 5,000,000 = Middle Income
5,000,000 - 10,000,000 = Upper Income
10,000,000+ = Elite

8 Likes 6 Shares

Re: Low, Middle And High Income by redsquare(m): 11:59am On Aug 21, 2023
Weireldoo:
Anything below 100 is unnecessary
grin grin grin grin grin
Re: Low, Middle And High Income by Teke1: 11:59am On Aug 21, 2023
Middle class in Nigeria should be between 1M - 5M per month. grin

2 Likes

Re: Low, Middle And High Income by atobs4real(m): 11:59am On Aug 21, 2023
Low income earners
30k
Middle
250
Highly favoured
500k and above
Re: Low, Middle And High Income by Thoughty2(m): 11:59am On Aug 21, 2023
Hope4Naja:
Hello, what is your opinion on the amount regarded as Low Income, Middle Income and High Income in Nigeria

Low Income (N30,000-N150,000)
Middle Income (N151,000-N400,000)
High Income (N401,000-N800,000)

I see anything above N800,000 as the elite class

Lol... Dey play
Re: Low, Middle And High Income by easyfem(m): 11:59am On Aug 21, 2023
So middle income is some pple a week salary in abroad
Re: Low, Middle And High Income by dhetz: 12:00pm On Aug 21, 2023
[size=8pt]How about people that fall within the below category

(N10,000-N29,000.00) grin
Re: Low, Middle And High Income by blesdman(m): 12:00pm On Aug 21, 2023
Hope4Naja:
Hello, what is your opinion on the amount regarded as Low Income, Middle Income and High Income in Nigeria

Low Income (N30,000-N150,000)
Middle Income (N151,000-N400,000)
High Income (N401,000-N800,000)

I see anything above N800,000 as the elite class
For real? Wow. I de elite class then o... πŸ˜‚
Re: Low, Middle And High Income by 080bjaked(m): 12:01pm On Aug 21, 2023
Up to 650k is middle income IMO.
Elite is 1.5m and above abeg.



My thought is, a middle income family would have a good model car, mostly taken with loans repayable for up to 4years (average Nigerian banking standards), plus school fees, plus feeding, maintenance and house rents takes away the 650k already. I've been there.


High income earner means you can cover middle income responsibilities and still conveniently pay mortgage.

3 Likes

Re: Low, Middle And High Income by mycar: 12:03pm On Aug 21, 2023
Hmm, life no easy ooh
Re: Low, Middle And High Income by vonxe: 12:05pm On Aug 21, 2023
Four classes
No more middle class
Below 150k - low class
150k - 400k - slightly below middle class
400k - 800k - slightly above middle class
Above 800k - high income class.

These all depends on the area one resides. These are for urban areas like portharcourt, lagos, onitsha, benin, Asaba, Abuja.

For Ibadan, Akure, osogbo , Enugu, Yenegoa, Abeokuta, kano, kaduna, lokoja, owerri. It is slightly less

For other cities and rural areas not mentioned above it is lesser, with 600k you can be regarded as high class

1 Like

Re: Low, Middle And High Income by joebeckz(m): 12:07pm On Aug 21, 2023
OboOlora:
800k elites ke?
So I was an elite before I left Nigeria
Stop deceiving ursef Baba Adija, elites start from 10M/month in that country except u de stay Lalupon or Ahoada de collect that 800k.


I agree with you. Was thinking the same.
I earn above that but I still struggle cos of high cost of living and running projects same time.
I will just kuku relocate abeg.
No value for life whatsoever, healthcare is poor. I live in port harcourt and everything is expensive here. God abeg oh

1 Like

Re: Low, Middle And High Income by sunbreaker: 12:10pm On Aug 21, 2023
Validated:
Wait in this Tinubu regime? Anyone earning less than N200k in just existing. Just imagine you buy 100 litres fuel in a month for your gen, that is N65k, your Light bill is another N65k. Then you are left with N70k. Transport never enter, house rent, etc. The only option is to retire to the village
you are still on your generator set on daily bases? Kudo to you

2 Likes

Re: Low, Middle And High Income by Angelfrost(m): 12:10pm On Aug 21, 2023
Hope4Naja:
Hello, what is your opinion on the amount regarded as Low Income, Middle Income and High Income in Nigeria

Low Income (N30,000-N150,000)
Middle Income (N151,000-N400,000)
High Income (N401,000-N800,000)

I see anything above N800,000 as the elite class

This is a very fair representation of the economic reality of today...!

However, you are being too fair and laughably so... Honestly, Middle income in today's hyperinflated economy lies between 200,000 and 400,000 monthly.

By the time you remove the costs of feeding, transportation, and utilities from 151,000, even for a bachelor, what is left would make you shake your head.
Re: Low, Middle And High Income by Skillsnigeria: 12:10pm On Aug 21, 2023
Hmmm
Re: Low, Middle And High Income by MrDoGood(m): 12:13pm On Aug 21, 2023
Weireldoo:
Anything below 100 is unnecessary

You're vexing
Re: Low, Middle And High Income by abbeyd2(m): 12:13pm On Aug 21, 2023
When you get to that level of 500k and above you will know that it's just a figure. With the current situation of the economy if you not on your own as contractor or in business meeeh. You are OYO
Re: Low, Middle And High Income by Saintinoo(m): 12:13pm On Aug 21, 2023
Validated:
Wait in this Tinubu regime? Anyone earning less than N200k in just existing. Just imagine you buy 100 litres fuel in a month for your gen, that is N65k, your Light bill is another N65k. Then you are left with N70k. Transport never enter, house rent, etc. The only option is to retire to the village

Why should you buy fuel of 65k for your gen when you are not using the gen for business. There is something called "rationality" in economics.
No matter how much you earn, if you are not rational, you will remain poor.

11 Likes

Re: Low, Middle And High Income by Sunisonflex39(m): 12:14pm On Aug 21, 2023
vonxe:
Four classes
No more middle class
Below 150k - low class
150k - 400k - slightly below middle class
400k - 800k - slightly above middle class
Above 800k - high income class.

These all depends on the area one resides. These are for urban areas like portharcourt, lagos, onitsha, benin, Asaba, Abuja.

For Ibadan, Akure, osogbo , Enugu, Yenegoa, Abeokuta, kano, kaduna, lokoja, owerri. It is slightly less

For other cities and rural areas not mentioned above it is lesser, with 600k you can be regarded as high class

Rent in owerri dey compete with rent in Port Harcourt o
Re: Low, Middle And High Income by whippersnapper(m): 12:15pm On Aug 21, 2023
WiszyFraud:
Did you know??




Nobody actually cares about you, your plans, your goals, or your little dramas. So stop pretending they do, or getting upset when they don’t.
who told you till your neighbour use jazz kill you because of envy your eye go clear


Happpy New Week πŸ‘
Re: Low, Middle And High Income by SmartyPants(m): 12:15pm On Aug 21, 2023
Hope4Naja:
Hello, what is your opinion on the amount regarded as Low Income, Middle Income and High Income in Nigeria

Low Income (N30,000-N150,000)
Middle Income (N151,000-N400,000)
High Income (N401,000-N800,000)

I see anything above N800,000 as the elite class

Low income is 0 - 149k
Middle is 150k - 1.9m
High is 2m and above

3 Likes

Re: Low, Middle And High Income by melodyogonna(m): 12:15pm On Aug 21, 2023
DiamondPant:
500k cannot be high income oo, especially if you live in Lagos.
Rent, tp/fueling will finish the money.
How much be monthly rent?

2 Likes

Re: Low, Middle And High Income by Nice2023(m): 12:18pm On Aug 21, 2023
Fortune118005:
I agree with it. The truth is that no more middle class again... You're either rich or poor



We still have many middle class in Nigeria especially in this Abuja.

Just that some states have more poor people than the other.

1 Like

Re: Low, Middle And High Income by bonnyhope: 12:19pm On Aug 21, 2023
Validated:
Wait in this Tinubu regime? Anyone earning less than N200k in just existing. Just imagine you buy 100 litres fuel in a month for your gen, that is N65k, your Light bill is another N65k. Then you are left with N70k. Transport never enter, house rent, etc. The only option is to retire to the village

Not realistic

You want to use half of ur income on petrol

3 Likes

Re: Low, Middle And High Income by OboOlora(f): 12:19pm On Aug 21, 2023
joebeckz:


I agree with you. Was thinking the same.
I earn above that but I still struggle cos of high cost of living and running projects same time.
I will just kuku relocate abeg.
No value for life whatsoever, healthcare is poor. I live in port harcourt and everything is expensive here. God abeg oh
1M in PH is like equivalent of 200k in places like Ekiti. Meanwhile, look before u leap oooooo, relocation nor be beans o.
1M in Naija (if u live within ur means) is still balling sha, except for things like security, medical etc

3 Likes

Re: Low, Middle And High Income by Wodu89: 12:19pm On Aug 21, 2023
Localemperor:
How many people they earn above 400k for Nigeria? 80% of the populace are poor and living in squalor.


Preach

1 Like

Re: Low, Middle And High Income by crossbreedwears(m): 12:24pm On Aug 21, 2023
Even in Lagos, 800k is big oga. You cut your coat according to your size. Earning 800k, your annual rent shouldn't be more than 2 months of your salary even in a good location. Most people don't know how to manage
abhosts:
It all depends on location of person. 800k is big money if you live in a small town but it is nothing when you live in major cities like Lagos and Abuja.

8 Likes

Re: Low, Middle And High Income by olaniyilukman(m): 12:25pm On Aug 21, 2023
DiamondPant:
500k cannot be high income oo, especially if you live in Lagos.
Rent, tp/fueling will finish the money.
Stop this overrated Lagos life, I once live in Lagos and I can tell you you can work things round positively around that amount....

2 Likes

Re: Low, Middle And High Income by Limassol(m): 12:27pm On Aug 21, 2023
Hope4Naja:
Hello, what is your opinion on the amount regarded as Low Income, Middle Income and High Income in Nigeria

Low Income (N30,000-N150,000)
Middle Income (N151,000-N400,000)
High Income (N401,000-N800,000)

I see anything above N800,000 as the elite class

Per capita or household?

The difference matters.

1 Like

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