Cut your coat according to your sizes.Fingers are not equal.

dyera:


Abroad, monthly rent can be up to 50% monthly salary. In developed countries like Singapore for example.

Check their suicide rates among men. It's called modern slavery for a reason.

Olatara:
Anything that works for me, all this theory no dey work for Lagos.

Do whatever is cool for your mental and physical wellbeing.

I work on the island, rent in New garage was expensive, then I move to Alimosho into a nice room and parlour self-contained, the t- fare is just too much ( imagining spend 2200k per day)

Now I'm planning on moving back to Iyana-oworo this December.

I can't kill myself.

My sister... this is best thing... Fare to island from Oworo no go pass 300 per day... moreover, there are some good cheap houses there...

Sylvaxxl1:

What you've said makes sense but you know what, greed is the eyes of those landlords once they see development. My parents just moved out of that area which cost about 300k - 400k for a 3 bedroom 4years ago. As I'm talking to you, because of the development that recently came to the area, the said 3bedroom is about 1million right now, I'm talking of baruwa area

Jesus... 3 bed in baruwa now... 1m

Salary 130k
Rent 150k
Transport to work 100-140 daily(to n fro)
Location, Kaduna.

Mavor:
All fingers are not equal.

What was the statistics or class or of people considered? Is the average Nigerian workers here? So stop the all fingers are not equal formula

WantsandMore:
The problem becomes exacerbated due bad transportation systems and inefficiency moving from point a to point b if not, one can comfortably live in ibadan board a speed train or any other efficient transport systems to work without delay to Lagos same day. But you see those recketty busses, those ones go just mk dem sack you first of resumption, no cap.

The way, everybody's talking about Lagos is scary - and I wanna come over to there to hustle. Abuja isn't giving me what I need.

Hmmm, my house rent is 15% of my yearly income

Agbebakun22:
lol how do u people save for investments. Only rent took 1800, what of water bills, electricity bills,phone bills, groceries and other miscellaneous expenses. Looking like a rat race to me sorry to say that.

Well if you have a partner that works that half the bills for you. That is one of the reason oyibo always live with their boyfriend or girlfriend

CBR100:


I disagree with your point on collecting rent monthly, it makes it very expensive
compare to annually rent (and even most landlord are shortchanging their selves on rent)

look at other african countries running monthly from Ghana, to go, ivory coast etc their rent is just overly ezpensive

1. How?? The countries you're looking at have expensive rent because of their cost of living issues,s not because rent is monthly. I don't see any logical reason why rent must be higher because it si charged monthly.

2. But even then, what's wrong with that? Let the landlord eat too, or doesn't he deserve a fair remuneration for his investment? These are the issues that bring about socio-economic inefficacies: when one side, usually the consumer, wants to eat their cake ad have it.

Allisgud:
Lagos state govt are making a mediocre development,they just select some side for development which is the highland,they should also focus on badagry expressway,agege,iyana ipaja axis,so investors,companies,banks,malls eateries,real estates will be running towards there,with this hold up will reduce,there will be job over there,which means if u leave in a affordable house,u will still pay less for transport if u have a job in ur area

You are just complaining senselessly. What does Island have that Mainland doesn't have?
Meanwhile, there are many things Mainland has that the Island doesn't have. Stadia, airport, rail, etc.
Manufacturing companies in Ikeja alone are more than all manufacturers on the island put together.

True but it’s hard

For Naija you mean.
No near abroad with this ideology ooo
Else na Homelessness dey road be that

Sylvaxxl1:

What you've said makes sense but you know what, greed is the eyes of those landlords once they see development. My parents just moved out of that area which cost about 300k - 400k for a 3 bedroom 4years ago. As I'm talking to you, because of the development that recently came to the area, the said 3bedroom is about 1million right now, I'm talking of baruwa area

imagine ur parent where able to buy a land in a rural part of that place by then

MALIGNANTGuest:
For Naija you mean.
No near abroad with this ideology ooo
Else na Homelessness dey road be that

so what's the essence of the abroad when u put all ur salary on accomodations

Oyindamolah:
Your annual rent shouldn't exceed your two months salary. If it does, you're in the wrong apartment.

This would be sound advice in general but in certain places its impracticable. Abuja for instance, you have people whose salary is about 80k a month. I very much doubt you would find any decent housing for 160k in Abuja and its environs. In my area in Abuja a self contained is between 400k-600k, in Kubwa its about 350k. That is an 80k salary earners 5 months salary.

MelesZanawi:


You are just complaining senselessly. What does Island have that Mainland doesn't have?
Meanwhile, there are many things Mainland has that the Island doesn't have. Stadia, airport, rail, etc.
Manufacturing companies in Ikeja alone are more than all manufacturers on the island put together.

use ur brain oga,and discus on the e.g I gave,we have about 10k people trooping from that region to v.i,ikoyi lekki vgc why because there is a better pay than those place u mention

Princess80:
With the global inflation inflation, its hard not to live in the wrong apartment.

My rent is just $800 pcm which makes it $9600 per year,
Its a lil above 3months salary. I am in the wrong apartment then

No, you are on a wrong job. This is rat race personified. Please upgrade yourself and change job.

I've been reading reading reading, please what about we the artisan?

Rubyjade:
Okay, salary 100k house 150k
Job location, Victoria Island.
House location, Sangotedo, Awoyaya.

Transportation 2k daily=52k

House at igbo efon, agungi, osapa, ilasan and chisco 250-300k
Transport N600 =15k

I don't know but please if you pass mathematics in school you can help

can one get 250k house in this APC era...the cheapest house starts from 600k oga.... no mislead us online

So make I stay under bridge na cos my salary for 2 months no reach 60k sef

Nairalander248:


Hehehe... You for say na one room...

I live in 1 bedroom flat... Spaces here can accommodate 3 extra persons �

guess you're in Ibadan, osogbo or environs

Oyindamolah:
Your annual rent shouldn't exceed your two months salary. If it does, you're in the wrong apartment.

My own standard has been one month’s salary. I never take an apartment that will cost me over a month’s salary. Two is still fair anyway but is extreme for me.

smileNpass:
I thought folks said it shouldn't exceed 3 months, what happened again?

The truth is, we may need to consider qualitative factors. I stay in Lagos and my three month pay covers my rent of 1.1M (2 bed). The advantages are the neighbourhood, the calibre of people I am exposed to, the change in mindset, the relatively short time to work (1.5hrs), more time to relax and think better.

My friends that stay afar because it is cheap are dying slowly. Having to set out as early as 5am. We only need to be wise. Live and let's live, no hard and fast rule.

1.5hrs is a short time to work? Waoh, meaning mine is even better, I spend about 50minutes going, Na coming back be issue

Uniquekriss:
guess you're in Ibadan, osogbo or environs

Lagos

Abeg what's the current civil servant minimum wage pay again?
30k abi, so no civil servant should live in a house above 60k per annum.

That believe or whatsoever doesn't work anymore or anywhere.

.

Shurtman79:
I've been reading reading reading, please what about we the artisan?

single room 84k annually is ok OR ordinary room/parlour 120k is ok.

IyaTola:
My yealy rent is about 22% of my annual income. I live in a 2 bedroom apartment in Alimosho LGA, Lagos. The environment is decent and I look forward to becoming a landlord in the same area. All the other tenants knew somehow that I don't belong among them. Living below your means is possible sometimes but the pressure is high & I wasn't "really comfortable" either. All depends on you & your goals.

Nigeria will humble you..the cheap house you're looking for does not have vacancy in the location where you work, now what do you do? and even the pay for the job can't meet your needs 50%..the system is happening to all of us, that's just the truth.. how many jobs pay over 100k today

My yearly rent is 9.61% of my annual income.
I don't see it as living below my means. Other bills are there.

pstemma1990:
Abuja doesn't have any problem, u can live in Nasarawa and still work in Abuja, Majority of people working in Abuja are living in Niger and Nasarawa... But u will have to leave ur house early in order to beat traffic.

Are you for real? If that is he case, you guys are really doing well for yourselves.