Lagos Neighborhood Intelligence

Living in Banana Island, Lagos: Lifestyle, Rent & Cost Guide

The most expensive square meter in Africa. Banana Island is the global benchmark for Nigerian prosperity.

Neighborhood Performance Metrics

Cost of Living
Elite Exclusive
Safety Rating
10 / 10
Average Annual Rent
Market Rate
Daily Shortlet Rate
Market Rate

Cost of Living by Persona in Banana Island

Persona Housing Estimate Utilities & Amenities Transport Total Estimate
single ₦10M – ₦15M ₦200k ₦150k ₦10.6M+ /yr
couple ₦15M – ₦25M ₦300k ₦250k ₦16M+ /yr
family ₦30M – ₦70M+ ₦1M (Security/Facility) ₦400k ₦32.4M+ /yr
professional ₦12M – ₦18M ₦250k ₦200k ₦12.9M+ /yr
retiree ₦20M – ₦30M ₦500k ₦150k ₦21.3M+ /yr

Popular Hotspots & Vibe Spots

Banana Island Central Park

Category: family

Pristine, private greenery for the nation's 1%.

The Jetty Elite Terminal

Category: single

Private waterway access for high-end networking.

Promenade Riverside Walk

Category: couple

Unmatched security and scenic silence for sunset walks.

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