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Can A Salary Of ₦100k Sustain A Decent Apartment In Lagos? - Properties - Nairaland

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Can A Salary Of ₦100k Sustain A Decent Apartment In Lagos? by gbemishile: 9:53am On Mar 09, 2021
hello nairalanders.

I am thinking of getting a decent self contain partment in lagos that is close to my work place. I am currently employed with a salary scale of about a 100k, and for now I have no alternative source of income except my current job which is a govt job. I am just scared I might not be able to sustain the rent cus I only have my salary to depend on for now, and I will still have some other commitments like family etc.

I was thinking of getting a decent one room, like a face me I slap u, till am able to gather my home furnitures, and also try to develop myself in terms of certifications, or learning some IT skills, then I can move to a decent self contain. The only fear is the last time I lived that life was my University days.

Can a salary of 100k sustain an apartment here in Lagos?

Your comments are highly welcome

13 Likes

Re: Can A Salary Of ₦100k Sustain A Decent Apartment In Lagos? by RedSquid: 10:13am On Mar 09, 2021
Yes it can

You will be fine. You can get such apartments in many parts of Lagos and 100k monthly will sustain it nice nice. It will even sustain a room self contain apartment. The annual rent for that always ranges between 150 and 220k depending in area, agency fees inclusive. After first year, the annual rent is around 120/150k. Your monthly salary can cover this and you'll be enjoying a good life at it.

73 Likes 5 Shares

Re: Can A Salary Of ₦100k Sustain A Decent Apartment In Lagos? by Bornsinner7: 11:07am On Mar 09, 2021
Yes.. it is up to you.. all you need do is know your spendings..

You fit put ashawo for road make she dey balance you make you use that one as side hustle for the main time before you learn the IT skill

28 Likes 2 Shares

Re: Can A Salary Of ₦100k Sustain A Decent Apartment In Lagos? by ebuk4real(m): 11:07am On Mar 09, 2021
angry
You even see 100k job.

90 Likes

Re: Can A Salary Of ₦100k Sustain A Decent Apartment In Lagos? by salmonkay: 11:08am On Mar 09, 2021
NOPE

1 Like 1 Share

Re: Can A Salary Of ₦100k Sustain A Decent Apartment In Lagos? by WalkerMichael(m): 11:08am On Mar 09, 2021
Decent is relative bro ... Nigeria don hard. Na my guy be this for down sef. Slawo grin grin

5 Likes

Re: Can A Salary Of ₦100k Sustain A Decent Apartment In Lagos? by slawormiir: 11:08am On Mar 09, 2021
Damnnn niggarrrr
First of all government jobs are secured...especially federal government job and your promotion is sure ...the salary comes at the appropriate time ...but that doesn't mean you should be comfortable.....because government jobs dey lead to poverty if you are comfortable with it...get more certification and develop yourself
So if you want to go for self contain ..then I support
And always try to differentiate your needs from your want...and don't think because you got a nice apartment....then ngozi or Sandra can pack her things and join you without her doing anything to bring money...if you try that shit...I bet you Ngonzi will get pregnant and una go begin born children....na so una poverty go start....the poverty go tie wrapper and gele

Face me I slap you kind of Apartment is not what you should settle for....

Impecca:

I never knew u are this brilliant
Ogbeni..I still dey try small small...nor be say I brilliant like that.....I dey dull finish sometimes

185 Likes 9 Shares

Re: Can A Salary Of ₦100k Sustain A Decent Apartment In Lagos? by JosephXavier: 11:08am On Mar 09, 2021
Of course it will

Just be saving 20k monthly from your monthly salary and at the end of the year you'll have 240k which I believe will be enough for you to pay the rent

Just be prudent with your finance, no go dey do show off or compete with people wey pass you

Most importantly, stay away from slay mamas, just get a cool headed girl and date because it won't be good to be without a lady

71 Likes 2 Shares

Re: Can A Salary Of ₦100k Sustain A Decent Apartment In Lagos? by CrazyCrane: 11:08am On Mar 09, 2021
Location matters a lot.
However, make it a habit of saving 8k every month for the said "rent" so it won't be a burden sourcing for a huge amount in a short time....
Note: get an apartment that 1-2 months salary can actually cover without being a burden unto you.
Cheers! wink

35 Likes 1 Share

Re: Can A Salary Of ₦100k Sustain A Decent Apartment In Lagos? by tensazangetsu20(m): 11:08am On Mar 09, 2021
Please stay where you are if it's not inconvenient and focus on gaining the IT skills and relevant certifications. Those things cost a ton of money.

1 Like

Re: Can A Salary Of ₦100k Sustain A Decent Apartment In Lagos? by Virus99: 11:08am On Mar 09, 2021
Yes sure.
I was on 85k per month. And I am living in a very good a room and parlour self contain 120k/annum .

Later resigned to goan start my own company cool

35 Likes

Re: Can A Salary Of ₦100k Sustain A Decent Apartment In Lagos? by sirblend: 11:08am On Mar 09, 2021
If you work at Lekki you can get a room and parlor around Sangotedo axis for 200-300k.

1 Like 1 Share

Re: Can A Salary Of ₦100k Sustain A Decent Apartment In Lagos? by KIDfurniture(m): 11:09am On Mar 09, 2021
Please avoid girl friend especially the lazy ones.. I repeat say no to liability with 100k u will live fine...thank u

38 Likes

Re: Can A Salary Of ₦100k Sustain A Decent Apartment In Lagos? by Ciscogod(m): 11:09am On Mar 09, 2021
Lagos is very expensive, I earn more than 4times your salary , I still cant afford an apartment close to my office

21 Likes

Re: Can A Salary Of ₦100k Sustain A Decent Apartment In Lagos? by wallay77(m): 11:09am On Mar 09, 2021
Location of your work place
Re: Can A Salary Of ₦100k Sustain A Decent Apartment In Lagos? by Monogamy: 11:09am On Mar 09, 2021
That depends on location

1 Like

Re: Can A Salary Of ₦100k Sustain A Decent Apartment In Lagos? by gbolswag(m): 11:09am On Mar 09, 2021
Why not...but location is key
Re: Can A Salary Of ₦100k Sustain A Decent Apartment In Lagos? by malcom1X: 11:09am On Mar 09, 2021
Salary this, salary that, baba go farm.

5 Likes 1 Share

Re: Can A Salary Of ₦100k Sustain A Decent Apartment In Lagos? by BigDick70inch(m): 11:09am On Mar 09, 2021
Yeah.......
But then it might not suit yo taste.........

Try checking ikorodu/Agege/mushin.......

1 Like

Re: Can A Salary Of ₦100k Sustain A Decent Apartment In Lagos? by Nobody: 11:09am On Mar 09, 2021
Answering this question is like looking for a virgin in ashawo house.

This depends on many things like:

Where you work

Married or single

Type of apartment

etc.


Your whole salary of 1.2m per annum can't pay for some self cons in Vi.

The whole salary can't pay for a mini flat in lekki phase 1.



But 250- 300k can get you a decent mini flat in Iyana ipaja, Abule egba, ejigbo,

Average price for a decent mini flat in Surulere, ikeja, magodo, ago palace etc is 500-600k without agency and commission.

26 Likes 2 Shares

Re: Can A Salary Of ₦100k Sustain A Decent Apartment In Lagos? by id4sho(m): 11:09am On Mar 09, 2021
angry FACE ME I SLAP YOU!

8 Likes

Re: Can A Salary Of ₦100k Sustain A Decent Apartment In Lagos? by taretoofine(m): 11:10am On Mar 09, 2021
Yes , except you've got high taste
Last last na to double hustle

1 Like

Re: Can A Salary Of ₦100k Sustain A Decent Apartment In Lagos? by SamuelAnyawu(m): 11:11am On Mar 09, 2021
shocked
Re: Can A Salary Of ₦100k Sustain A Decent Apartment In Lagos? by CotenantNIG: 11:11am On Mar 09, 2021
yes in places like igando and axis
Cheapest Places To Live In Lagos
https://cotenant.ng/cheapest-places-to-live-in-lagos-for-nysc-corpers/

1 Like 1 Share

Re: Can A Salary Of ₦100k Sustain A Decent Apartment In Lagos? by christopher123(m): 11:11am On Mar 09, 2021
YES, DEPENDING ON LOCATION
Re: Can A Salary Of ₦100k Sustain A Decent Apartment In Lagos? by Tos87(m): 11:11am On Mar 09, 2021
just avoid girl friends for now of any type,..las las...you go dey alright

8 Likes

Re: Can A Salary Of ₦100k Sustain A Decent Apartment In Lagos? by Sanchez01: 11:11am On Mar 09, 2021
gbemishile:
hello nairalanders.

I am thinking of getting a decent self contain partment in lagos that is close to my work place. I am currently employed with a salary scale of about a 100k, and for now I have no alternative source of income except my current job which is a govt job. I am just scared I might not be able to sustain the rent cus I only have my salary to depend on for now, and I will still have some other commitments like family etc.

I was thinking of getting a decent one room, like a face me I slap u, till am able to gather my home furnitures, and also try to develop myself in terms of certifications, or learning some IT skills, then I can move to a decent self contain. The only fear is the last time I lived that life was my University days.

Can a salary of 100k sustain an apartment here in Lagos?

Your comments are highly welcome
Your rent should not gulp more than 40% of your income. Any other thing is you inviting trouble. Factor in how much you'll spend on transportation bills and feeding monthly then consider what is left to save multiplied by a calendar year (12).

3 Likes

Re: Can A Salary Of ₦100k Sustain A Decent Apartment In Lagos? by Blackmoran(m): 11:12am On Mar 09, 2021
where is your work located I hope is not lekki?

1 Like

Re: Can A Salary Of ₦100k Sustain A Decent Apartment In Lagos? by FalseProphet1(m): 11:12am On Mar 09, 2021
Sow the 100k as a see to your pastor and you will get your own house before June this year. This I have seen.

10 Likes

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