Lagos vs Miami
Home Price & Cost of Living Comparison
Live DataLast updated: March 31, 2026·Source: OECD, Numbeo & National Statistics
💡 Why it matters: Lagos vs Miami
Lagos is 83% more affordable for homebuyers. Lagos has a price-to-income ratio of 10.5x compared to 8.5x in Miami.
| Metric | Lagos | Miami |
|---|---|---|
| Avg Home Price | $95,000 | $550,000 |
| Price / sqm | $1,200 | $7,200 |
| Rent (1BR) | $500/mo | $2,600/mo |
| Rent (3BR) | $900/mo | $4,000/mo |
| Price-to-Income | 10.5x | 8.5x |
| Mortgage Rate | 18.5% | 6.8% |
| 1yr Change | +8.5% | +4.5% |
| Median Income | $9,000/yr | $65,000/yr |
| Population | 16,000,000 | 470,000 |
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HomePricePeek Research TeamData Specialists
Our team analyzes data from OECD, Numbeo & National Statistics to deliver accurate, up-to-date information. All data is verified and cross-referenced with official sources.
✓ OECD, Numbeo & National Statistics✓ Updated 2025
Frequently Asked Questions
Is Lagos or Miami more expensive?
Lagos is more affordable. Home prices differ by $455,000 (83%).
Which city has cheaper rent, Lagos or Miami?
Rent for a 1BR in Lagos is $500/mo vs $2,600/mo in Miami.
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