There have been a lot of search queries on the cost of living in Epe for the past few months. To answer this popular question that affects a lot of people, we’ll go over all the major amenities needed to survive and how easily accessible they are.
If you’re one of those considering relocating to Epe, then this article is for you. We’ll cover the cost of feeding, accommodations, transportation, and other necessary costs of living.
The current state of Epe: A brief overview
We can all agree that one of the reasons most people are considering moving to Epe is because of the major developments ongoing in the area. Just to give you an update, there are two mega projects ongoing in the region alongside massive infrastructural development.
Mega projects in Epe
The two mega projects currently in development in Epe are the Lekki Free Trade Zone and the 650,000 barrel-a-day oil refinery belonging to Aliko Dangote, the richest man in Africa. The refinery was commissioned this year, with a lot of notable people in attendance
Aside from these two mega projects, there are other infrastructural developments ongoing in the area, which include the development of link bridges, the construction of a good road network, Lekki Epe international airport, a psychiatric and rehabilitation center, Lagos film city, Dukia Africa resort, and the Lagos food security system.
Aside from the developments mentioned above, there are other popular landmarks, which include Alaro City, Augustine University, and Epe Fish Market. Epe is promised to be the new luxury and main commerce center of Lagos. This explains why there has been a surge in the query on the cost of living in EPE.
Apartment rental: Housing cost in Epe
You can easily get a 4-bedroom detached duplex for as low as 900,000 naira in Epe. A room and pallor mini flats go from 300 to 500 thousand naira; a 2-bedroom apartment goes from 400 thousand naira; and a single-room apartment costs around 200 thousand naira.
The costs above are relatively cheap compared to other regions with similar developments in Lagos, Nigeria. You can easily see a decrease of 400%–500% in price, which is insane. So if you’re moving from the more urban part of Lagos to Epe, just know you’re a big man with whatever budget you have.
If you’re interested in buying your own apartment, you can get a 3-bedroom apartment for around 18 to 25 million naira in one of the luxury estates in the region.
Cost of transportation in Epe
Since Epe is a serene and developing environment, the cost of transportation is relatively cheap. Even though Epe is located in the island part of Lagos, Nigeria, with less than the Nigerian 200 naira, you can easily get yourself from point A to point B.
No hassle of rough drivers or crazy traffic. If you’re opportune to get a job in Epe, you just hit a jackpot because moving from your home to the office will be very easy and seamless.
Cost of feeding in Epe
If the cost of feeding in Epe is what you’re concerned about, there is no cause for alarm. The people of Epe are generally known for their expertise in fish farming and agriculture. You can easily get fresh farm produce in Epe at a very cheap price compared to other regions in Lagos, Nigeria.
Not only will you get it cheap, but you’ll also get it fresh. From vegetables to tubers, fruits, grains, etc., you’re sure to eat healthy on a budget that won’t stress your pocket.
Factors influencing the cost of living in Epe
Though the cost of living in Epe now is relatively cheap and affordable compared to other parts of Lagos, we may not say for the same few years to a decade from now. The more development comes to a region, the higher the cost of living gets.
We don’t know the plan the Lagos state government has for Epe when it comes to the cost of living. Whether it’ll be regulated or not, one thing is certain, regardless of how Epe develops. Accommodation, food, and transportation will always be affordable, considering that the majority of the population is made up of farmers and landowners.
Epe the new oil well
If you’re also looking to become a landowner and enjoy part of the benefits that come with the urbanization of Epe, consider getting yourself a plot of land in Ivory Hill Estate. Ivory Hill Estate is a proposed luxury estate project currently in development and selling out fast.
Buy a plot of land in Ivory Hill luxury estate
A 300-square-meter plot of land goes for 2 million naira, of which you can spread the payment up to 123 months with an initial deposit of 500k. Click the link above to learn more about Ivory Hill Estate.
FAQ: Frequently Asked Questions
Is Epe a good place to live?
Yes, Epe is a good place to live. Rent and accommodation are relatively cheap and affordable, food is easily accessible, and the environment is also on the island, towards the northern part of Lekki.
What is the major occupation in Epe?
The majority of Epe indigenes are farmers who specialize in fish farming and agriculture. However, there are businesses and companies in Epe, like BNC Communication.
Why are people investing in Epe?
People are investing in Epe because of the major developments going on there and the plan of the Lagos State Government to turn it into a business hub.
Is Epe developed?
Epe is developing at a very fast pace, but certainly there are places that are more developed than others.
If you have more questions as regards the cost of living and developments in Epe, kindly leave a comment below.
cost of living in epe – cost of living in epe – cost of living in epe – cost of living in epe – cost of living in epe
