Cost of living in Owerri
Owerri, the capital of Imo State in Nigeria, is a bustling city known for its vibrant culture and economic activities. Understanding the cost of living in Owerri is crucial for both residents and newcomers to plan their finances effectively.
This guide provides a detailed breakdown of the cost of living in Owerri, covering essential categories such as dining, housing, and utilities.
Cost of Living Summary
Dining and Restaurants
- Inexpensive Restaurant Meal - A meal at an inexpensive restaurant in Owerri typically costs around $6.13.
- Mid-Range Restaurant (Three-Course Meal for Two) - Dining at a mid-range restaurant for a three-course meal for two people costs approximately $14.71.
- Imported Beer (0.33 liter bottle) - An imported beer costs about $0.98 for a 0.33-liter bottle.
- Coke/Pepsi (0.33 liter bottle) - A 0.33-liter bottle of Coke or Pepsi is priced at $0.25.
Housing Costs
- 1-Bedroom Apartment Rent (Outside Centre) - Rent for a 1-bedroom apartment outside the city centre averages $1693.70.
- 3-Bedroom Apartment Rent (City Centre) - A 3-bedroom apartment in the city centre costs around $2177.61.
- 3-Bedroom Apartment Rent (Outside Centre) - Outside the city centre, a 3-bedroom apartment is priced at approximately $1209.79.
Cost of Living Rankings
The cost of living indices for Nigeria are compared to New York City (NYC), which serves as the baseline with an index of 100. These provide insights into the relative cost of living in different cities in Nigeria, covering factors like consumer goods, rent, and purchasing power.
Cost of Living Data
Restaurants
Restaurants
Rent Per Month
Rent Per Month
"Key Takeaways"
Owerri offers a relatively affordable dining experience, with inexpensive meals and beverages available at low prices.
Housing costs vary significantly depending on the location, with city centre apartments being more expensive than those outside the centre.
Understanding these costs can help residents and newcomers budget effectively and make informed decisions about living in Owerri.
Conclusion
In conclusion, Owerri presents a mixed cost of living scenario with affordable dining options but varying housing costs depending on the area.
Potential residents should consider these factors when planning their move to ensure a comfortable and financially sustainable lifestyle in Owerri.