080bjaked:
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 take with loans repayable for up to 4years (average Nigerian banking standards), that 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.

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.

Well, that's actually false.




Happpy New Week 👍

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

DiamondPant:
500k cannot be high income oo, especially if you live in Lagos.
Rent, tp/fueling will finish the money.

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

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

Sunisonflex39:


Rent in owerri dey compete with rent in Port Harcourt o

crossbreedwears:
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

iCauseTrouble:
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

YoshihideSuga:


That's not possible. The good locations are close to the island where those jobs of 800K+ exist. Yaba, Ikeja, Surulere, Ajah have extremely few two bedrooms apartments with rent of 1.6M. Most people earning such don marry and have at least a child.

Let's be honest with ourselves.

DiamondPant:
500k cannot be high income oo, especially if you live in Lagos.
Rent, tp/fueling will finish the money.

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.

DiamondPant:
500k cannot be high income oo, especially if you live in Lagos.
Rent, tp/fueling will finish the money.

DiamondPant:

Let the poor breathe!!

YoshihideSuga:


That's not possible. The good locations are close to the island where those jobs of 800K+ exist. Yaba, Ikeja, Surulere, Ajah have extremely few two bedrooms apartments with rent of 1.6M. Most people earning such don marry and have at least a child.

Let's be honest with ourselves.

YoshihideSuga:


That's not possible. The good locations are close to the island where those jobs of 800K+ exist. Yaba, Ikeja, Surulere, Ajah have extremely few two bedrooms apartments with rent of 1.6M. Most people earning such don marry and have at least a child.

Let's be honest with ourselves.

crossbreedwears:
My point is, 800k is enough for even family of 4. Also you can get 2 bedroom around yaba, surulere and some parts of Ikeja for 1.6M. A friend of mine got a room and parlour self-con in surulere for 310k at Bode Thomas Junction. Most people who pay higher rent most times are under pressure to find a house. If you currently live somewhere and not in hurry to move else where, you'll see a goood affordable rent though it's not easy

Wodu89:




God help us. See us pricing lifestyle


If we itemize it on paper it may turn out different o


Each kid needs like 300k per year for education. Education of four alone per year is 1.2 M

Rentage 1M


Now, 800k monthly means 10M per year. It's okay sha

Weireldoo:
Anything below 100 is unnecessary

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

Saintinoo:


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.