Nigeria vs South Korea - Cost of Living Comparison

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Livingcost

Nigeria South Korea
🚶 Cost of living one person
$761
$1074
👨‍👩‍👧‍👦 Cost of living Family
$1656
$2688
🏠 One person rent
$411
$470
🏘️ Family rent
$657
$787
🍽️ Food expenses
$211
$417
🚐 Transport expenses
$97.2
$89.7
💳 Monthly salary after tax
$64
$2138
💸 GDP per capita
$1084
$36239
😃 Human freedom index
5.69
8.15
❤️ Life expectancy
54.5
83.4
👮 Corruption perceptions index
26
63
🌐 English speaking %
60.6%
20%
🎓 Higher education
60
87
😀 Quality of life
16
87
🏙️ Population
233M
51.8M

The average cost of living in Nigeria ($761) is 29% less expensive than in South Korea ($1074). Nigeria ranked 139th vs 86th for South Korea in the list of the most expensive countries in the world.

The average after-tax salary is enough to cover living expenses for 0.1 months in Nigeria compared to 2 months in South Korea. Ranked 184th and 23rd best countries to live in the world.

Salary adjustment calculator
the estimated difference in money purchasing power

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Prices in Nigeria vs South Korea

We calculate prices for Nigeria and South Korea as a population-weighted mean of 33 and 87 cities, respectively. Since large cities tend to have a higher cost of living, it's better to visit specific city pages below for more relevant information.

Nigeria South Korea
Eating Out
🍱 Lunch Menu
$2.45
$6.41
🥂 Dinner in a Restaurant, for 2
$30.1
$35.3
🥪 Fast food meal, equiv. McDonald's
$5.11
$5.45
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$0.9
$3.16
 Cappuccino
$1.99
$3.29
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$0.4
$1.41
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$407
$486
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$296
$319
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$1461
$1137
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$787
$698
🔌 Utility Bill one person, electricity, heating, water, etc.
$30
$98.8
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$46.2
$152
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$19.2
$19.2
🏦 Mortgage Interest Rate for 20 Years
17.66%
4.19%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$1735
$11577
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$1118
$6055
Transportation
🚌 Local transport ticket
$0.48
$0.99
🎟️ Monthly ticket local transport
$23.2
$40.7
🚕 Taxi Ride, 8 km or 5 mi
$11.4
$8.06
 Gas / Petrol, 1 L or 0.26 gal
$0.56
$1.14
Groceries
🥛 Milk, 1 L or 1 qt
$2.15
$1.88
🍞 Bread, 0.5 kg or 1.1 lb
$0.97
$2.54
🍚 Rice, 1 kg or 2.2 lb
$1.34
$2.51
🥚 Eggs, x12
$1.57
$2.65
🧀 Cheese, 1 kg or 2.2 lb
$4.67
$11.9
🐔 Chicken Breast, 1 kg or 2.2 lb
$3.33
$7.7
🥩 Round Steak, 1 kg or 2.2 lb
$3.53
$17.8
🍏 Apples, 1 kg or 2.2 lb
$2.23
$6.64
🍌 Banana, 1 kg or 2.2 lb
$1.6
$3.08
🍊 Oranges, 1 kg or 2.2 lb
$1.42
$5.66
🍅 Tomato, 1 kg or 2.2 lb
$1.28
$4.93
🥔 Potato, 1 kg or 2.2 lb
$1.35
$3
🧅 Onion, 1 kg or 2.2 lb
$1.54
$2.35
🌊 Water, 1 L or 1 qt
$0.32
$0.69
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$0.95
$2.03
🍾 Wine (mid-priced), 750 mL bottle
$3.28
$15.1
🍺 Beer, 0.5 L or 16 fl oz
$0.66
$1.9
🚬 Cigarette pack
$1.42
$2.95
💊 Cold medicince, 1 week
$2.41
$4.01
🧴 Hair Shampoo
$1.48
$4.25
🧻 Toilet paper, 4 rolls
$0.93
$2.09
👄 Toothpaste, 1 tube
$0.85
$1.52
Other
🏋️ Gym Membership, 1 month
$20.9
$45.7
🎫 Cinema Ticket, 1 person
$3.94
$9.37
👩‍⚕️ Doctor's visit
$11.8
$45.2
💇 Haircut, simple
$2.2
$8.07
👖 Brand Jeans
$14.6
$57
👟 Brand Sneakers
$48.6
$68.9
👶 Daycare or Preschool, 1 month
$113
$465
🏫 International Primary School, 1 year
$2448
$18682

Cost of living in other countries

Cost of living

Cities Comparison in Nigeria vs South Korea

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Cost of Living in Popular cities

In Nigeria

City Cost of living Population
Lagos
$946
15.1M
Kano
$491
4.35M
Benin
$627
1.78M
Port Harcourt
$559
3.33M
Ibadan
$658
2.56M
Onitsha
$795
1.48M
Aba
$591
1.16M
Abuja
$1375
1.69M
Enugu
$564
1.03M
Owerri
$1364
908K
Jos
$760
822K
Zaria
$517
766K
Maiduguri
$514
791K
Bauchi
$672
694K
Kaduna
$323
760K
Abeokuta
$995
889K
Ilorin
$518
778K
Awka
$693
430K
Umuahia
$773
359K
Calabar
$373
371K
Ife
$670
502K
Gusau
$516
383K
Sokoto
$372
428K
Warri
$786
312K
Katsina
$503
318K
Akure
$488
485K
Minna
$692
304K
Ado Ekiti
$597
314K
Oyo
$639
387K
Owo
$531
222K

In South Korea

City Cost of living Population
Seoul
$1296
9.67M
Busan
$1084
3.45M
Incheon
$1032
3.05M
Daegu
$992
2.38M
Gwangju
$957
1.41M
Daejeon
$905
1.48M
Suwon
$985
1.23M
Ulsan
$957
1.13M
Goyang
$1052
1.06M
Yongin
$1061
1.08M
Cheongju
$865
848K
Seongnam
$1455
919K
Hwaseong
$1045
1M
Changwon
$1013
1.01M
Namyangju
$1094
732K
Gimhae
$1014
534K
Jeju
$1020
698K
Pyeongtaek
$1048
607K
Pohang
$989
504K
Jeju Island
$1037
666K
Cheonan
$1128
657K
Bucheon
$1090
772K
Uijeongbu
$868
463K
Siheung
$1313
514K
Paju
$1010
498K
Ansan
$1001
623K
Gwangju
$1179
397K
Jeonju
$771
342K
Gunsan
$964
275K
Sejong
$971
392K