Nigeria vs South Korea - Cost of Living Comparison

Nigeria South Korea
🚶 Cost of living one person
$1008
$1062
👨‍👩‍👧‍👦 Cost of living Family
$2723
$2839
🏠 One person rent
$604
$457
🏘️ Family rent
$1564
$948
🍽️ Food expenses
$243
$416
🚐 Transport expenses
$106
$100
💳 Monthly salary after tax
$176
$2022
💸 GDP per capita
$2097
$31598
😃 Human freedom index
6.28
8.39
❤️ Life expectancy
55
83.4
👮 Corruption perceptions index
24
62
🌐 English speaking %
86.4%
20%
🎓 Higher education
62
88
😀 Quality of life
26
77
🏙️ Population
211M
51.5M

The average cost of living in Nigeria ($1008) is 5% less expensive than in South Korea ($1062). Nigeria ranked 63rd vs 53rd 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 0.2 months in Nigeria compared to 1.9 months in South Korea. Ranked 169th and 20th best countries to live in the world.

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the estimated difference in money purchasing power

Cost of living in Nigeria vs South Korea infographic

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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
$2.56
$5.59
🥂 Dinner in a Restaurant, for 2
$25.1
$29.1
🥪 Fast food meal, equiv. McDonald's
$5.56
$5.02
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$0.98
$2.84
 Cappuccino
$2.66
$3.5
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$0.37
$1.33
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$809
$458
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$480
$331
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$2432
$1094
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$1261
$733
🔌 Utility Bill one person, electricity, heating, water, etc.
$18.5
$79.7
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$28.4
$122
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$40.1
$21
🏦 Mortgage Interest Rate for 20 Years
17.34%
3.64%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$1711
$7604
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$1743
$5485
Transportation
🚌 Local transport ticket
$0.57
$1.02
🎟️ Monthly ticket local transport
$21.3
$42.5
🚕 Taxi Ride, 8 km or 5 mi
$14.8
$9.67
 Gas / Petrol, 1 L or 0.26 gal
$0.4
$1.3
Groceries
🥛 Milk, 1 L or 1 qt
$2.73
$1.93
🍞 Bread, 0.5 kg or 1.1 lb
$1.06
$2.34
🍚 Rice, 1 kg or 2.2 lb
$2.19
$3.02
🥚 Eggs, x12
$1.8
$3.25
🧀 Cheese, 1 kg or 2.2 lb
$5.15
$14
🐔 Chicken Breast, 1 kg or 2.2 lb
$4.58
$8.29
🥩 Round Steak, 1 kg or 2.2 lb
$4.33
$28.5
🍏 Apples, 1 kg or 2.2 lb
$3.05
$5.55
🍌 Banana, 1 kg or 2.2 lb
$1.69
$3.31
🍊 Oranges, 1 kg or 2.2 lb
$1.33
$4.48
🍅 Tomato, 1 kg or 2.2 lb
$1.91
$4.69
🥔 Potato, 1 kg or 2.2 lb
$2.13
$2.96
🧅 Onion, 1 kg or 2.2 lb
$1.61
$2.36
🌊 Water, 1 L or 1 qt
$0.32
$0.64
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$1.06
$2.33
🍾 Wine (mid-priced), 750 mL bottle
$5.53
$13.5
🍺 Beer, 0.5 L or 16 fl oz
$0.95
$1.93
🚬 Cigarette pack
$1.12
$3.37
💊 Cold medicince, 1 week
$3.96
$4.98
🧴 Hair Shampoo
$3.57
$5.13
🧻 Toilet paper, 4 rolls
$2
$2.47
👄 Toothpaste, 1 tube
$1.3
$1.86
Other
🏋️ Gym Membership, 1 month
$28.6
$42.5
🎫 Cinema Ticket, 1 person
$5.81
$8.6
👩‍⚕️ Doctor's visit
$23
$29.8
💇 Haircut, simple
$3.16
$8.47
👖 Brand Jeans
$19.4
$58.1
👟 Brand Sneakers
$55.9
$72.6
👶 Daycare or Preschool, 1 month
$103
$352
🏫 International Primary School, 1 year
$1881
$18313

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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
$1417
14.9M
Kano
$550
3.85M
Ibadan
$941
2.55M
Port Harcourt
$854
1.01M
Abuja
$1305
1.24M
Onitsha
$501
1.48M
Maiduguri
$555
1.2M
Benin
$924
1.15M
Aba
$659
1.53M
Owerri
$1669
908K
Abeokuta
$1274
889K
Warri
$518
830K
Kaduna
$649
760K
Akure
$662
848K
Bauchi
$567
694K
Jos
$780
623K
Enugu
$938
716K
Ilorin
$753
848K
Ife
$774
502K
Zaria
$543
408K
Oyo
$646
387K
Ado Ekiti
$848
447K
Sokoto
$638
428K
Gusau
$754
383K
Calabar
$655
371K
Umuahia
$755
359K
Minna
$669
322K
Katsina
$712
318K
Awka
$748
302K
Osogbo
$548
396K

In South Korea

City Cost of living Population
Seoul
$1460
9.67M
Busan
$1031
3.45M
Incheon
$1002
2.91M
Daegu
$918
2.46M
Gwangju
$902
1.49M
Daejeon
$944
1.48M
Seongnam
$1022
949K
Suwon
$977
1.23M
Ulsan
$1066
1.17M
Changwon
$955
1.05M
Goyang
$1002
1.06M
Yongin
$1049
971K
Bucheon
$1121
868K
Cheongju
$880
833K
Namyangju
$970
713K
Jeju Island
$968
696K
Pohang
$775
520K
Jeju
$1542
435K
Hwaseong
$965
655K
Ansan
$921
653K
Anyang
$1102
573K
Jeonju
$791
653K
Cheonan
$930
652K
Gimhae
$839
534K
Pyeongtaek
$809
458K
Masan
$945
430K
Siheung
$945
425K
Uijeongbu
$998
422K
Paju
$941
415K
Gumi
$951
421K