Nigeria vs South Korea - Cost of Living Comparison

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Livingcost

Nigeria South Korea
🚶 Cost of living one person
$355
$1118
👨‍👩‍👧‍👦 Cost of living Family
$880
$3093
🏠 One person rent
$189
$471
🏘️ Family rent
$413
$1095
🍽️ Food expenses
$99.7
$454
🚐 Transport expenses
$41.9
$98.5
💳 Monthly salary after tax
$96.7
$2392
💸 GDP per capita
$2163
$32423
😃 Human freedom index
5.96
8.12
❤️ Life expectancy
52.7
83.5
👮 Corruption perceptions index
25
63
🌐 English speaking %
60.6%
20%
🎓 Higher education
61
87
😀 Quality of life
10
87
🏙️ Population
211M
51.5M

The average cost of living in Nigeria ($355) is 68% less expensive than in South Korea ($1118). Nigeria ranked 197th vs 62nd 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 0.3 months in Nigeria compared to 2.1 months in South Korea. Ranked 192nd and 20th best countries to live in the world.

Salary adjustment calculator
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
$1.12
$6.47
🥂 Dinner in a Restaurant, for 2
$10.6
$35
🥪 Fast food meal, equiv. McDonald's
$1.89
$5.62
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$0.39
$3.31
 Cappuccino
$0.95
$3.63
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$0.18
$1.46
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$227
$466
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$156
$323
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$566
$1256
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$347
$839
🔌 Utility Bill one person, electricity, heating, water, etc.
$7.12
$99.4
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$10.6
$153
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$11.6
$20.9
🏦 Mortgage Interest Rate for 20 Years
17.91%
4.46%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$541
$10104
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$213
$6925
Transportation
🚌 Local transport ticket
$0.24
$1.06
🎟️ Monthly ticket local transport
$11.1
$44.3
🚕 Taxi Ride, 8 km or 5 mi
$5.05
$9.06
 Gas / Petrol, 1 L or 0.26 gal
$0.27
$1.24
Groceries
🥛 Milk, 1 L or 1 qt
$0.89
$2.07
🍞 Bread, 0.5 kg or 1.1 lb
$0.47
$2.86
🍚 Rice, 1 kg or 2.2 lb
$0.66
$3.19
🥚 Eggs, x12
$0.75
$3.26
🧀 Cheese, 1 kg or 2.2 lb
$2.01
$11.8
🐔 Chicken Breast, 1 kg or 2.2 lb
$1.99
$8.08
🥩 Round Steak, 1 kg or 2.2 lb
$2.12
$31.2
🍏 Apples, 1 kg or 2.2 lb
$1.14
$6.08
🍌 Banana, 1 kg or 2.2 lb
$0.73
$3.32
🍊 Oranges, 1 kg or 2.2 lb
$0.69
$5.58
🍅 Tomato, 1 kg or 2.2 lb
$0.69
$5.12
🥔 Potato, 1 kg or 2.2 lb
$0.79
$3.6
🧅 Onion, 1 kg or 2.2 lb
$0.55
$2.97
🌊 Water, 1 L or 1 qt
$0.15
$0.68
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$0.6
$2.53
🍾 Wine (mid-priced), 750 mL bottle
$1.93
$15.3
🍺 Beer, 0.5 L or 16 fl oz
$1.89
$2.1
🚬 Cigarette pack
$0.87
$3.35
💊 Cold medicince, 1 week
$1.28
$4.94
🧴 Hair Shampoo
$0.99
$5.38
🧻 Toilet paper, 4 rolls
$0.54
$2.37
👄 Toothpaste, 1 tube
$0.43
$2.13
Other
🏋️ Gym Membership, 1 month
$10.8
$51.9
🎫 Cinema Ticket, 1 person
$2.38
$9.9
👩‍⚕️ Doctor's visit
$7.39
$28.1
💇 Haircut, simple
$1.77
$8.02
👖 Brand Jeans
$11.3
$62.1
👟 Brand Sneakers
$29
$78
👶 Daycare or Preschool, 1 month
$33.8
$385
🏫 International Primary School, 1 year
$701
$17694

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
$448
15.1M
Kano
$210
3.85M
Abuja
$288
1.57M
Ibadan
$262
2.55M
Onitsha
$354
1.48M
Aba
$233
1.16M
Maiduguri
$314
1.2M
Benin
$315
1.15M
Port Harcourt
$327
1.01M
Kaduna
$210
760K
Owerri
$507
908K
Bauchi
$272
694K
Enugu
$290
716K
Ilorin
$314
848K
Jos
$269
623K
Akure
$243
848K
Abeokuta
$826
889K
Zaria
$265
408K
Gusau
$249
383K
Calabar
$237
371K
Ado Ekiti
$247
447K
Ife
$250
502K
Katsina
$233
318K
Minna
$313
322K
Umuahia
$330
359K
Sokoto
$219
428K
Osogbo
$310
396K
Warri
$351
363K
Awka
$325
302K
Oyo
$407
387K

In South Korea

City Cost of living Population
Seoul
$1444
9.67M
Busan
$1029
3.45M
Incheon
$1020
2.94M
Daegu
$1113
2.44M
Daejeon
$924
1.48M
Gwangju
$1147
1.49M
Suwon
$987
1.23M
Ulsan
$1078
1.15M
Seongnam
$1121
949K
Changwon
$1073
1.05M
Cheongju
$903
849K
Yongin
$1256
971K
Jeju Island
$1056
678K
Goyang
$1144
1.06M
Hwaseong
$1088
904K
Namyangju
$1106
713K
Bucheon
$1152
793K
Gimhae
$907
534K
Jeju
$1003
435K
Cheonan
$940
652K
Ansan
$1127
653K
Siheung
$1081
425K
Uijeongbu
$986
463K
Anyang
$1097
548K
Gunsan
$975
275K
Pohang
$989
504K
Masan
$1006
430K
Jeonju
$787
653K
Pyeongtaek
$924
458K
Paju
$1072
415K