Nigeria vs South Korea - Cost of Living Comparison

Updated:

Livingcost

Nigeria South Korea
🚶 Cost of living one person
$832
$1114
👨‍👩‍👧‍👦 Cost of living Family
$1802
$2777
🏠 One person rent
$455
$477
🏘️ Family rent
$732
$804
🍽️ Food expenses
$222
$437
🚐 Transport expenses
$111
$94.8
💳 Monthly salary after tax
$92
$2268
💸 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
15
87
🏙️ Population
233M
51.8M

The average cost of living in Nigeria ($832) is 25% less expensive than in South Korea ($1114). Nigeria ranked 126th vs 80th 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 186th 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
$2.44
$6.72
🥂 Dinner in a Restaurant, for 2
$31.9
$36.3
🥪 Fast food meal, equiv. McDonald's
$5.19
$5.73
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$0.93
$3.31
 Cappuccino
$2.34
$3.51
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$0.47
$1.48
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$484
$495
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$352
$325
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$1714
$1123
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$909
$705
🔌 Utility Bill one person, electricity, heating, water, etc.
$26
$98.9
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$39.8
$153
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$22.6
$19.8
🏦 Mortgage Interest Rate for 20 Years
18.24%
4.17%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$1515
$11512
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$1306
$6605
Transportation
🚌 Local transport ticket
$0.56
$1.03
🎟️ Monthly ticket local transport
$27.7
$43.1
🚕 Taxi Ride, 8 km or 5 mi
$13.3
$8.65
 Gas / Petrol, 1 L or 0.26 gal
$0.51
$1.15
Groceries
🥛 Milk, 1 L or 1 qt
$2.24
$2
🍞 Bread, 0.5 kg or 1.1 lb
$1.04
$2.71
🍚 Rice, 1 kg or 2.2 lb
$1.57
$2.62
🥚 Eggs, x12
$1.64
$2.96
🧀 Cheese, 1 kg or 2.2 lb
$5.49
$13.9
🐔 Chicken Breast, 1 kg or 2.2 lb
$3.55
$7.68
🥩 Round Steak, 1 kg or 2.2 lb
$4.11
$20
🍏 Apples, 1 kg or 2.2 lb
$2.64
$6.24
🍌 Banana, 1 kg or 2.2 lb
$1.88
$3.17
🍊 Oranges, 1 kg or 2.2 lb
$1.66
$5.72
🍅 Tomato, 1 kg or 2.2 lb
$1.51
$5.38
🥔 Potato, 1 kg or 2.2 lb
$1.57
$3.24
🧅 Onion, 1 kg or 2.2 lb
$1.82
$2.31
🌊 Water, 1 L or 1 qt
$0.38
$0.76
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$0.82
$2.19
🍾 Wine (mid-priced), 750 mL bottle
$3.69
$15.5
🍺 Beer, 0.5 L or 16 fl oz
$0.75
$1.9
🚬 Cigarette pack
$1.24
$3.07
💊 Cold medicince, 1 week
$2.08
$4.3
🧴 Hair Shampoo
$1.28
$4.54
🧻 Toilet paper, 4 rolls
$0.81
$2.44
👄 Toothpaste, 1 tube
$0.86
$1.64
Other
🏋️ Gym Membership, 1 month
$24.7
$47.6
🎫 Cinema Ticket, 1 person
$4.62
$9.68
👩‍⚕️ Doctor's visit
$10.2
$53.5
💇 Haircut, simple
$1.91
$9.42
👖 Brand Jeans
$16.8
$57.3
👟 Brand Sneakers
$56.9
$72.6
👶 Daycare or Preschool, 1 month
$98.4
$404
🏫 International Primary School, 1 year
$2127
$17691

Cost of living in other countries

Cost of living

Cities Comparison in Nigeria vs South Korea

More countries to compare

Cost of Living in Popular cities

In Nigeria

City Cost of living Population
Lagos
$1022
15.1M
Kano
$563
4.35M
Port Harcourt
$618
3.33M
Ibadan
$759
2.55M
Abuja
$1551
1.69M
Benin
$655
1.78M
Onitsha
$922
1.48M
Kaduna
$353
760K
Akure
$578
848K
Enugu
$587
1.03M
Bauchi
$750
694K
Ilorin
$538
848K
Aba
$601
1.16M
Maiduguri
$581
1.2M
Abeokuta
$1017
889K
Owerri
$1555
908K
Zaria
$584
408K
Ado Ekiti
$631
447K
Jos
$830
623K
Gusau
$594
383K
Minna
$785
322K
Katsina
$581
318K
Oyo
$665
387K
Ife
$775
502K
Warri
$878
363K
Owo
$594
222K
Sokoto
$425
428K
Osogbo
$659
202K
Umuahia
$849
359K
Calabar
$386
371K

In South Korea

City Cost of living Population
Seoul
$1363
9.67M
Busan
$1114
3.45M
Incheon
$1057
3.05M
Daegu
$1043
2.38M
Gwangju
$1062
1.41M
Daejeon
$922
1.48M
Ulsan
$1020
1.13M
Suwon
$1030
1.23M
Seongnam
$1425
919K
Yongin
$1102
1.08M
Cheongju
$903
848K
Hwaseong
$1076
1M
Changwon
$1032
1.01M
Namyangju
$1120
732K
Goyang
$1092
1.06M
Gimhae
$946
534K
Jeju
$1064
698K
Siheung
$1292
514K
Pyeongtaek
$1095
607K
Pohang
$1030
504K
Cheonan
$1121
657K
Bucheon
$1167
772K
Uijeongbu
$913
463K
Jeju Island
$1079
666K
Paju
$1049
498K
Ansan
$1044
623K
Gwangju
$1179
397K
Hanam
$1162
330K
Gunsan
$1002
275K
Sejong
$986
392K