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Studies on effect of climate change on coastal communities have been inadequate despite their vulnerability and inadaptive capacity. This article bridges this knowledge gap by examining the social and economic impacts of climate change in Lagos State. Using a qualitative methodology, in-depth interviews were conducted to collect data. The findings show that the topographical features of Lagos State such as the flat topography with an elevation that is above sea level; with less than 1.5m wetlands and water bodies of approximately 40 percent make the city vulnerable to climate change. The study found that climate-sensitive sector of the economy such as agriculture, transport operations, energy production, road construction, and oil and gas operations have been adversely affected by climate change. There is a rise in waterborne diseases such as hepatitis A, Typhoid, Cholera, and the revenue that accrue to the government through forestry has reduced due to forest loss. The study concludes that the adverse impact of climate change have contributed significantly to unemployment, poverty, food shortage and widening inequality in Lagos State. Keywords: Climate Change, Vulnerability, Adaptation, Coastal communities, Sea Level.