10 Most Expensive Places To Live In Lagos

Read all about the most expensive places to live in Lagos

Lagos State has always remained one of the best and most expensive places to live in Nigeria. although, a number of areas in Lagos are quite expensive to live in than others. The state is divided into two sections namely the mainland and the island. Most people prefer living in the island region due to its high-life status, beauty, and economic opportunities. Nevertheless, there is still a lot of beautiful luxury apartment, high-life status, and opportunity on the mainland.

If you are considering relocating to Lagos state but you are having a hard time deciding which area would be best for you. Then you are at the right place, this article will discuss the top 10 most expensive places to live in Lagos.

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Below are the top 10 most expensive places to live in Lagos;

Victoria Island

Victoria Island is one of the most expensive places in Lagos to live in due to some business offices and commercial services in the area. The area is home to the Eko-Atlantic which was planned to be housing for 300,000 residences and also has many notable places such as five stars hotels, a clubhouse, and a shopping mall. The minimum cost of a plot of land in Victoria Island is at N100 million which could vary based on location or size. While the cost of rent for a 3-bedroom flat falls around 3 million naira and above.

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Banana Island

Banana Island is home to top government officials, Nigerian celebrities, and business moguls. it’s rated as Lagos state’s most exclusive district and a restricted area for most individuals. The name of this area originated from its shape of a banana and the district is home to some of the most expensive mansions in Nigeria. The minimum cost of a plot of land on banana island is N600 million which could vary based on location or size. while the cost of rent for a 3-bedroom flat falls around 10 million naira and above.

Lekki

Lekki is one of the most expensive places to live in Lagos and it is also one of the fastest-growing areas in the state. It is home to several Nigerian celebrities, politicians, and business moguls which also makes it one of the safest places to stay with your family.

The area has several five-star hotels, schools, an eatery, luxury apartments, and shopping malls. The minimum cost of a plot of land in Lekki is at N300 million which could vary based on location or size. while the cost of rent for a 3-bedroom flat falls around 5 million naira and above.

Ikeja GRA

Ikeja GRA is one of the most expensive places to live in and it is located in the Lagos mainland. The area was once used as a government residential area back then in the 1980s. Currently, it is home to several millionaires, government officials, celebrities, and Lagos Airport.

The area has several notable places like Silverbird Cinemas, computer village, five-star hotels, and schools. However, a few places in Ikeja GRA are not quite expensive like other places. The cost of rent for a 3-bedroom flat falls around 2 million naira and above.

Maryland

Maryland is one of the most expensive places to live in Lagos state which is located in the heart of the state. The area has become a preferred location for the rich class because it has several premium estates that offer top-notch security and other amenities. The minimum cost of a plot of land in Maryland is at N50 million which could vary based on location or size. while the cost of rent for a 3-bedroom flat falls around 4 million naira and above.

Ikoyi

Ikoyi is one of the most expensive places to live in Lagos and its residents are mostly government officials, diplomats, Ex politicians, and business moguls. The area shares a boundary with Obalende and takes the eastern fifty percent of Lagos Island and it is close to Banana Island. The minimum cost of a plot of land in Ikoyi is N250 million which could vary based on location or size. while the cost of rent for a 3-bedroom flat falls around 3.5 million naira and above.

Read my post on the worst places to live in Lagos

Ajah

Ajah is one of the most expensive places to live and it’s located outside Lagos city but most of its inhabitant work or run a business in the area. It is filled with banks, schools, hotels, restaurants, and outdoor recreational centers. The minimum cost of a plot of land in Ajah is N60 million which could vary based on location or size. while the cost of rent for a 3-bedroom flat falls around 1.2 million naira and above.

Magodo

Magodo is divided into two areas namely Magodo Isheiri and Magodo Shangisha but they are close to each other. The area is a commercial area which makes it very busy and it is filled with schools, restaurants, hotels, and clubs. The minimum cost of a plot of land in Magodo is at N70 million which could vary based on location or size. while the cost of rent for a 3-bedroom flat falls around 1.5 million naira and above.

Surulere

Surulere is one of the most expensive places to live in and it is located in the Lagos mainland. The area is filled with a lot of basic amenities that would make you feel comfortable in a new city. The cost of rent for a 3-bedroom flat falls around 1 million naira and above.

Ogudu

Ogudu is also one of the most expensive places to live in Lagos state. It is a fast-growing area with a lot of top-notch housing estates sited in and around the area. The minimum cost of a plot of land in Ogudu is N60 million which could vary based on location or size. while the cost of rent for a 3-bedroom flat falls around 1.5 million naira and above.

FAQs

Which area in Lagos has the most expensive land?

Areas in Lagos with the most expensive land

• Banana Island
• Victoria Island
• Lekki
• Maryland
• Ikoyi

Where are the best areas to live in Lagos?

The best areas to live in Lagos

• Banana Island
• Victoria Island
• Lekki
• Ikeja GRA
• Surulere

Where are the rich people in Lagos?

Areas in Lagos with a high population of wealthy people

• Banana Island
• Victoria Island
• Lekki
• Ikoyi
• Maryland

Conclusion: Top 10 Most Expensive Places To Live In Lagos

The above-listed are the most expensive place to live in Lagos. So, if you are planning to relocate or purchase land in Lagos then these are the areas where lands are most expensive.

Thank you for reading this article and I hope you got a lot of useful information from the post. Please drop your comment and share the post with your loved ones and friends.