Do you desire to know how much it can cost you to live in Port Harcourt? If that’s the case, this post is for you.
Port-Harcourt is one of the Nigerian megacities.
It is also the capital of Rivers State in the southern portion of Nigeria. Because the state is among the oil-producing regions in Nigeria, it shelters many rich people in the state capital.
This is why Port Harcourt has a very high standard of living.
As part of our discussion, you will get to know the cost of living in Port Harcourt. So at the end of our discussion, you should be able to tell if you can afford to stay in this town or not.
We’ll see what it costs to live in Port Harcourt.
Port Harcourt’s Living Expenses
Right now we will be looking at the cost of living in Port Harcourt in terms of housing, food, transit, educational institutions, and other additional expenses.
Cost of Obtaining a Shelter
It’s all about what gets you to Port Harcourt. Some people are on a short tour, so they may prefer to stay in a hotel.
But for those considering staying for a longer period, they will definitely require an apartment. Therefore, regardless of your choice, we will describe the cost of shelter in this beautiful city.
Rates for Rent
The price for renting an apartment in Port Harcourt varies from place to place.
Places like Peter Odili Road, Old GRA, New GRA, Olive Crest Estate, Woji Estate, etc., are very expensive neighborhoods to live in in Port Harcourt. Homes for rent in these locations are around ₦1.5 million or more.
In fact, there is ₦10 million worth of rental apartments in those areas.
It’s going to be interesting to know that there are also low-cost areas in Port Harcourt. Amongst these areas are Rumukrushi, Elellenwo Obi-Akpor, Transamadi, and others.
Renting an apartment in these areas ranges between ₦300,000 – ₦450,000 a year. For a simple flat like Self Contain and the rest costs around ₦70,000 to ₦250,000.
Buy Your Own Apartment
For those who prefer to purchase a home to live in Port Harcourt, then be aware that this also depends on the location you want.
However, if you want to buy a house in any of these areas, be it in these exclusive places or cheaper areas, then get ready to spend a fortune.
This is because the cause of buying a home in Port Harcourt ranges from ₦20 million to ₦300 million.
As a matter of fact, there are homes for sale for ₦3 billion.
But such houses are located within these executive zones, where rich guys reside. Thus, to get an apartment in Port Harcourt lies on what you can afford.
If you have a big pocket, then you can put your hand in these executive areas.
The price of a hotel reservation depends on the kind of hotel you want.
However, to stay in a hotel in those inexpensive areas of Port Harcourt varies between ₦7,000 and ₦15,000 per night. In a three-star hotel, you may spend between ₦18,000 and ₦75,000 a night.
Although these hotels are situated in the capital’s expensive neighborhoods. Only those with deep pockets can afford these types of hotels.
In light of the current poor economic situation in Nigeria, it has raised the cost of food in Port Harcourt.
Grocery prices have doubled. For example, a kilogram of rice is now sold at a rate of ₦1,416.67, local cheese of 1 kg is about ₦3,500, and tomato of ₦1 kg is 800 and so on.
If you calculate the cost of preparing a meal, you will find out you are spending a lot of money.
The cost of preparing a meal for a single person in Port Harcourt ranges from ₦3,000 to ₦4,500 a day. On the other hand, it’s going to cost you ₦750 to get a meal at a very cheap restaurant.
In an average restaurant, a plate of food is between ₦200 and over, while in a classy restaurant, the price of food begins from ₦7000 and above.
One can imagine feeding a family in an environment like that.
Price of Transit In Port Harcourt
If you do not have a car, it simply means that you will shuttle in the local buses.
Consequently, the cost of transportation of these local buses is approximately ₦250, although this is an average price. If you take more than one gout, it will cost you more.
For a long-distance in Port Harcourt, you can spend up to ₦2000.
Lastly, if you own a car, you should be sure not to spend less than ₦8,800 to refuel and tour Port Harcourt.
Tuition fees for schools
Port Harcourt offers state and private schools. So it depends on the type of school you want to put your children in. The cost of paying tuition fees at the Port Harcourt private school is about ₦250,000 – ₦2 million.
In fact, for a private kindergarten in Port Harcourt, you will roughly pay ₦40,000 a month.
On the other hand, the average cost of public school is around ₦10,000. So you take these prices into account whenever you plan to stay in Port Harcourt.
We are talking about additional expenses that will surely occur during your stay in Port Harcourt. What, then, are these additional expenditures? This includes bills for water, electricity, entertainment, apparel, and so on.
Those are all expenditures that you will have to take into account.
Port Harcourt has a monthly electricity bill of approximately ₦9,166.67.
Then, for hobbies like fitness, it will cost you about ₦14,000 a month. Besides, to get a pair of shoes, it will cost you an average of ₦7500 and a nice dress for women is about ₦9000 and lots more.
Port Harcourt is an interesting city to experience, particularly in the executive zones. But it’s all about what you have, not what you want.
Of our entire discussion, you can now see where your money fits in when you want to stay in Port Harcourt. The decision rests with you.
- Cost of Living in Lagos: Monthly & Yearly Expenses
- Cost Of Living In Ibadan: Calculating Monthly & Annual Expenses
- How To Calculate Average Cost Of Living In Abuja