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How Much Income Is Needed To Live A Good Life In Nigeria? - Family - Nairaland

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How Much Income Is Needed To Live A Good Life In Nigeria? by BlueBanana: 6:24pm On Sep 26, 2020
By “good life,” I mean living in a good environment, driving good cars, 2 travels a year, health insurance, feeding well, wearing nice clothes etc

So, how much income is needed to live a good life in Nigeria?


Cc: Lalasticlala, Seun, Mynd44.
Re: How Much Income Is Needed To Live A Good Life In Nigeria? by Nobody: 6:44pm On Sep 26, 2020
Due to the nature of Nigerian economy, you can't pin-point a particular amount that will guarantee you a good life persay. what you need is a job paying above 135k and your wife is earning above 100k too monthly

to me tho, good life is being able to chase and achieve your dreams while still being able to cater for your family convinently

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Re: How Much Income Is Needed To Live A Good Life In Nigeria? by Or11: 6:44pm On Sep 26, 2020
When you mean how much is needed? Do you mean income per month? 400k for a single person might be manageable if the person owns a house. However a good life to you might be a shitty life to the next person.

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Re: How Much Income Is Needed To Live A Good Life In Nigeria? by Exmilitant(m): 6:48pm On Sep 26, 2020
A weekly income of 250k will do. cool

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Re: How Much Income Is Needed To Live A Good Life In Nigeria? by MMotimo: 9:43pm On Sep 26, 2020
You have no idea how loaded this question is. Everything is relative. Maybe if you state your household income?

3MM income a month is not even close to a good lifestyle in Naija for some people while some could happily achieve their desires with 400k or less a month.

Good environment means what? Ventilation in your accommodation? good roads? stable electricity? nice schools. . . . . . . . .?
Good cars means what? Secondhand or brand new? Car age? Luxury or utilitarian? SUV or sedans. . . . . ?
Travels to where? Turkey? LA? Jakarta? Dubai? Accra? Johannesburg? Cairo? NY? Milan, Zurich? Manchester . . . . . . .?
Feeding well means mama put? Professional in-house chef? Eateries? Fine dining restaurant?
Nice clothes- quality? Used or new? Brand name or not? If brand name, what brand level - Walmart or Gucci. . . . . . . .?

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Re: How Much Income Is Needed To Live A Good Life In Nigeria? by BlueBanana: 10:38am On Sep 27, 2020
More replies needed pls

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Re: How Much Income Is Needed To Live A Good Life In Nigeria? by ecolime(m): 12:02pm On Sep 27, 2020
Your background, location, lifestyle and number of dependants plays a major role.

A single guy can be okay with 300k monthly while that amount might not be sufficient as feeding allowance for the children of a married man.

You can live like a king in some remote areas on a monthly salary of N850k, but same salary might not cover your monthly expenses in some average neighbourhoods in Lagos not to talk of high brow areas.

So, no size fits all. Income that will sustain you comfortably is relative. Just work hard, be contented and make yourself happy always.

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Re: How Much Income Is Needed To Live A Good Life In Nigeria? by Nobody: 12:34pm On Sep 27, 2020
A thriving business of your own that yields a profit of 2.5M monthly can afford you such lifestyle.. that is if you're not looking at aquiring a private jet which may still
be achievable though if you adopt a strict saving habit.

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Re: How Much Income Is Needed To Live A Good Life In Nigeria? by Righteousness89(m): 1:02pm On Sep 27, 2020
Be Content with what you Earn is all that is Neccessary to Live a Good Life...

Don't Envy anyone..

Life is not a Competition...

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Re: How Much Income Is Needed To Live A Good Life In Nigeria? by Oizee(f): 1:02pm On Sep 27, 2020
This question get as e b o. It depends on ur standard. A man earning 100k might be feeling on top and still be able to enjoy those things u mentioned, a man earning like 800k might be indebted to different financial institution bcuz of his taste.
For example, I cook local rice garnished with locust bean and sapele fish and feel satisfied, d other one cooked fried rice with salad and still not satisfied because he used bama as d cream instead of heinz salad cream.
Na taste apart from family wahala. No money is too big or just enough for me.

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Re: How Much Income Is Needed To Live A Good Life In Nigeria? by Iknowhow: 1:03pm On Sep 27, 2020
We are really not being sincere with ourselves. Smh
Re: How Much Income Is Needed To Live A Good Life In Nigeria? by Emmypure: 5:02pm On Sep 27, 2020
my boss earn over 13m monthly
Re: How Much Income Is Needed To Live A Good Life In Nigeria? by Gabe427: 5:07pm On Sep 27, 2020
300K if your partner is also earning and you don't have more than 2kids
Re: How Much Income Is Needed To Live A Good Life In Nigeria? by Peterjnr123: 6:19pm On Sep 27, 2020
Righteousness89:
Be Content with what you Earn is all that is Neccessary to Live a Good Life...

Don't Envy anyone..

Life is not a Competition...

Fact...

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Re: How Much Income Is Needed To Live A Good Life In Nigeria? by PresidentAde(m): 9:26pm On Sep 27, 2020
***
**
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Good life is 'relative', How do you define good life?!
Re: How Much Income Is Needed To Live A Good Life In Nigeria? by merieam16(f): 8:45am On Sep 28, 2020
U need multiple streams of income dats all
Re: How Much Income Is Needed To Live A Good Life In Nigeria? by treasuredkids(f): 10:17am On Sep 28, 2020
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Re: How Much Income Is Needed To Live A Good Life In Nigeria? by CINwafor(m): 5:44pm On Nov 25, 2021
This is really a deep and important question. I am interested in having a closer discussion on what "beta life" or "good life" is for us Nigerians. Many have tired this to finance, but I feel more are needed.
Re: How Much Income Is Needed To Live A Good Life In Nigeria? by ecolime(m): 6:33pm On Nov 25, 2021
Living a good life is not only about your income. You can have millions in your account but a trigger happy Police, ritualists, Fulani herdsmen snuff life out of you like a chicken.

You have Tesla ride but no charging station. You have a Ferrrari, no good roads to drive it. You have bright ideas, no infrastructure and right government policies to nurture them to life.

In summary, there is no such thing as a "Good life" in Nigeria. You can only cope with life in Nigeria.
Re: How Much Income Is Needed To Live A Good Life In Nigeria? by CINwafor(m): 1:57am On Mar 02, 2022
What is good life in Nigeria?
Re: How Much Income Is Needed To Live A Good Life In Nigeria? by Betboss(m): 5:42am On Mar 02, 2022
BlueBanana:
By “good life,” I mean living in a good environment, driving good cars, 2 travels a year, health insurance, feeding well, wearing nice clothes etc

So, how much income is needed to live a good life in Nigeria?


Cc: Lalasticlala, Seun, Mynd44.

Going by your criteria, you will need atleast 1M monthly to live this life. If you’re married with kids, you'll need atleast 2.5M monthly to live this kind of life.

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