This paper examined residents’ socioeconomic characteristics as drivers for Willingness to Pay (WTP) for Solid Waste Management (SWM) in Ibadan Municipality. Through systematic sampling, primary data were obtained from 294 households in the high, medium and low density areas. The study established that residents' socioeconomic characteristics varied along the line of the identified residential densities. The study identified gender, age, income, educational status and marital status as important drivers of residents’ willingness to pay which is measured on a 5-point Likert scale. For education and income, the Analysis of Variance (ANOVA) results of F (2, 291) = 94.5, p = 0.000, α = 0.05 and F (2, 291) = 549.915, p =.000, α = 0.05 respectively confirmed a statistically significant variation across residential zones. Relationship between WTP and socioeconomic characteristics from mean index perspective revealed that mean indices for age, income, educational status, gender and marital status are 3.79, 3.84, 3.79, 3.85 and 3.73 respectively. The study concluded that willingness to pay for SWM services is a reflection of the residents’ socioeconomic characteristics that varied across the residential densities.