Cost of living
Nigeria compared to South Korea
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Overview comparison
NigeriaSouth Korea
Consumer prices in South Korea are roughly 78% higher than in Nigeria.
Cost of living
| Item | Nigeria | South Korea |
|---|
| Total with rent one person | 1,000 | 1,345 |
|---|
| Total with rent family | 2,330 | 3,148 |
|---|
| Without rent one person | 458 | 783 |
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| Without rent one family | 982 | 2,362 |
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| Rent & Utilities person | 514.4 | 497.99 |
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| Rent & Utilities family | 1,297.42 | 1,112.64 |
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| Food person | 236 | 484 |
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| Food family | 521 | 1,319 |
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| Transport person | 127.16 | 100.94 |
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| Transport family | 330.67 | 292.51 |
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| Life expectancy | 60.15 years | 87.03 years |
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Eating Out
| Item | Nigeria | South Korea |
|---|
| Lunch Menu | 2.44 | 5.48 |
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| Dinner in a Restaurant, for 2 | 25.34 | 35.1 |
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| Fast food meal, equiv. McDonald's | 5.2 | 5.76 |
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| Beer in a Pub, 0.5 L or 16 fl oz | 0.93 | 3.49 |
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| Cappuccino | 2.31 | 3.27 |
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| Pepsi / Coke, 0.5 L or 16.9 fl oz | 0.39 | 1.47 |
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Rent & Utilities
| Item | Nigeria | South Korea |
|---|
| 1 bedroom apartment in city Center, 40 m2 or 430 ft2 | 575.64 | 557.93 |
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| Cheap 1 bedroom apartment, 40 m2 or 430 ft2 | 392.27 | 297.08 |
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| 3 bedroom apartment in city Center, 80 m2 or 860 ft2 | 1,386.53 | 1,188.78 |
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| Cheap 3 bedroom apartment, 80 m2 or 860 ft2 | 751.73 | 760.76 |
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| Utility Bill one person, electricity, heating, water, etc. | 16.89 | 99.45 |
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| Utility Bill for a Family, electricity, heating, water, etc. | 31.57 | 161.15 |
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| Internet plan, 25 Mbps+ 1 month unlimited | 33.62 | 17.95 |
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Transportation
| Item | Nigeria | South Korea |
|---|
| Local transport ticket | 16.24 | 4.74 |
|---|
| Monthly ticket local transport | 1,037 | 11,423 |
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| Taxi Ride, 8 km or 5 mi | 666 | 8,058 |
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| Gas / Petrol, 1 L or 0.26 gal | 0.57 | 1.13 |
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| Mortgage Interest Rate for 20 Years | 26.05% | 40.45% |
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| Apartment price to Buy in city Center, 1 m2 or 10 ft2 | 10.96 | 9.72 |
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| House price to Buy in Suburbs, 1 m2 or 10 ft2 | 0.7 | 1.44 |
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Groceries
| Item | Nigeria | South Korea |
|---|
| Milk, 1 L or 1 qt | 1.88 | 1.86 |
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| Bread, 0.5 kg or 1.1 lb | 1.25 | 3.36 |
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| Eggs, x12 | 2.1 | 3.36 |
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| Cheese, 1 kg or 2.2 lb | 4.09 | 12.74 |
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| Chicken Breast, 1 kg or 2.2 lb | 3.85 | 9.03 |
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| Round Steak, 1 kg or 2.2 lb | 4.88 | 27.04 |
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| Banana, 1 kg or 2.2 lb | 2.26 | 3.23 |
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| Water, 1 L or 1 qt | 0.43 | 0.67 |
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Other
| Item | Nigeria | South Korea |
|---|
| Gym Membership, 1 month | 31.98 | 50.16 |
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| Cinema Ticket, 1 person | 5.02 | 9.93 |
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| Doctors visit | 7.28 | 34.01 |
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| Haircut, simple | 1.69 | 7.81 |
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| Brand Jeans | 21.19 | 54.11 |
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| Brand Sneakers | 71.83 | 79.5 |
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| Daycare or Preschool, 1 month | 89.09 | 395.05 |
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| International Primary School, 1 year | 1,529 | 25,632 |
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