Nigeria vs South Korea - Cost of Living Comparison

Updated:

Livingcost

Nigeria South Korea
🚶 Cost of living one person
$879
$1134
👨‍👩‍👧‍👦 Cost of living Family
$1884
$2805
🏠 One person rent
$499
$487
🏘️ Family rent
$813
$821
🍽️ Food expenses
$227
$443
🚐 Transport expenses
$108
$97.9
💳 Monthly salary after tax
$85
$1998
💸 GDP per capita
$807
$33121
😃 Human freedom index
5.61
8.23
❤️ Life expectancy
54.5
83.4
👮 Corruption perceptions index
26
64
🌐 English speaking %
60.6%
20%
🎓 Higher education
61
87
😀 Quality of life
13
85
🏙️ Population
233M
51.8M

The average cost of living in Nigeria ($879) is 22% less expensive than in South Korea ($1134). Nigeria ranked 114th vs 74th 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 1.8 months in South Korea. Ranked 188th and 24th 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
$2.69
$6.71
🥂 Dinner in a Restaurant, for 2
$33.1
$35.2
🥪 Fast food meal, equiv. McDonald's
$4.5
$5.72
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$0.98
$3.29
 Cappuccino
$2.26
$3.56
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$0.44
$1.52
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$576
$483
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$418
$336
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$1753
$1135
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$1082
$721
🔌 Utility Bill one person, electricity, heating, water, etc.
$22.4
$101
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$34.3
$154
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$26.6
$20.6
🏦 Mortgage Interest Rate for 20 Years
19.64%
4.18%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$1323
$10906
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$1239
$6575
Transportation
🚌 Local transport ticket
$0.59
$1.03
🎟️ Monthly ticket local transport
$27.4
$44.6
🚕 Taxi Ride, 8 km or 5 mi
$12.8
$9.04
 Gas / Petrol, 1 L or 0.26 gal
$0.6
$1.15
Groceries
🥛 Milk, 1 L or 1 qt
$2.17
$2.06
🍞 Bread, 0.5 kg or 1.1 lb
$1.16
$2.83
🍚 Rice, 1 kg or 2.2 lb
$1.84
$2.6
🥚 Eggs, x12
$1.78
$3.1
🧀 Cheese, 1 kg or 2.2 lb
$5.03
$12.6
🐔 Chicken Breast, 1 kg or 2.2 lb
$3.96
$7.76
🥩 Round Steak, 1 kg or 2.2 lb
$4.78
$22.7
🍏 Apples, 1 kg or 2.2 lb
$2.84
$6.94
🍌 Banana, 1 kg or 2.2 lb
$2.06
$3.14
🍊 Oranges, 1 kg or 2.2 lb
$1.82
$5.93
🍅 Tomato, 1 kg or 2.2 lb
$1.77
$5.15
🥔 Potato, 1 kg or 2.2 lb
$1.79
$3.67
🧅 Onion, 1 kg or 2.2 lb
$2
$2.63
🌊 Water, 1 L or 1 qt
$0.39
$0.75
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$0.71
$2.23
🍾 Wine (mid-priced), 750 mL bottle
$3.74
$15.5
🍺 Beer, 0.5 L or 16 fl oz
$0.76
$1.88
🚬 Cigarette pack
$1.39
$3.11
💊 Cold medicince, 1 week
$1.92
$4.39
🧴 Hair Shampoo
$1.26
$4.78
🧻 Toilet paper, 4 rolls
$0.81
$2.51
👄 Toothpaste, 1 tube
$0.75
$1.68
Other
🏋️ Gym Membership, 1 month
$28.5
$48.3
🎫 Cinema Ticket, 1 person
$5.12
$9.93
👩‍⚕️ Doctor's visit
$9.39
$54.5
💇 Haircut, simple
$1.66
$9.46
👖 Brand Jeans
$18.5
$60.7
👟 Brand Sneakers
$59.3
$71.4
👶 Daycare or Preschool, 1 month
$85.4
$351
🏫 International Primary School, 1 year
$1849
$15508

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
$1102
15.1M
Kano
$563
4.35M
Ibadan
$752
2.55M
Port Harcourt
$676
3.33M
Abuja
$1514
1.69M
Benin
$632
1.78M
Onitsha
$1051
1.48M
Akure
$644
848K
Enugu
$563
1.03M
Ilorin
$526
848K
Kaduna
$393
760K
Aba
$674
1.16M
Maiduguri
$618
1.2M
Bauchi
$781
694K
Owerri
$1774
908K
Ado Ekiti
$642
447K
Abeokuta
$1013
889K
Oyo
$664
387K
Zaria
$652
408K
Jos
$810
623K
Gusau
$638
383K
Minna
$852
322K
Warri
$926
363K
Katsina
$618
318K
Ife
$778
502K
Sokoto
$466
428K
Owo
$664
222K
Osogbo
$705
202K
Umuahia
$961
359K
Calabar
$397
371K

In South Korea

City Cost of living Population
Seoul
$1383
9.67M
Busan
$1108
3.45M
Incheon
$1088
2.94M
Daegu
$1062
2.38M
Gwangju
$1081
1.49M
Suwon
$1066
1.23M
Daejeon
$959
1.48M
Ulsan
$1076
1.13M
Seongnam
$1435
919K
Yongin
$1120
1.08M
Cheongju
$924
852K
Hwaseong
$1098
941K
Changwon
$1084
1.01M
Namyangju
$1138
732K
Gimhae
$975
534K
Siheung
$1307
520K
Pyeongtaek
$1141
590K
Pohang
$1024
504K
Goyang
$1097
1.06M
Cheonan
$1153
657K
Bucheon
$1175
772K
Jeju Island
$1100
678K
Uijeongbu
$918
463K
Ansan
$1049
623K
Jeju
$1069
492K
Gwangju
$1196
397K
Paju
$1065
498K
Gunsan
$1020
275K
Hanam
$1178
330K
Sejong
$1020
386K