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Nigeria

#99 globallyAfrica

Average salary: $3,000/year Β· Currency: NGN ₦

Mean Annual Salary

$3,000

gross USD

Median Annual Salary

$2,000

gross USD

GDP per Capita

$2,065

current USD

PPP Factor

Γ—0.25

vs USD base

Tax Breakdown at Median Salary

Estimated
Gross Income$2,000
Income Tax$195
Social Security$75
Health Insurance$30

Take-Home (Net) Annual

$1,700

Effective Tax Rate

15.0%

* Based on median salary of $2,000. Estimated combined rate. Consult a tax professional for accurate calculations.

πŸ‡³πŸ‡¬ Nigeria Economic Overview

Currency

NGN (₦)

Region

Africa

Population

220.0M

Gini Coefficient

0.350

Cost of Living Index

25 (US=100)

Tax Data Available

Estimated

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Salary vs Global Benchmarks

Global Mean$18,000
Africa Mean$3,609
Nigeria Mean$3,000

Global Ranking

#99

out of 117 countries

by average salary

About Salaries in Nigeria

The average annual salary in Nigeria is approximately $3,000 (gross, in USD), with a median of $2,000. The country ranks #99 out of 117 countries by average salary.

At the median salary, workers in Nigeria take home approximately $1,700 after taxes β€” an effective tax rate of 15.0%. The purchasing power parity factor of Γ—0.25 means that in real terms, living costs are lower than in the United States.

Nigeria is located in the Africa region. Income inequality, measured by the Gini coefficient, is 0.350 (moderate inequality).