Cost of living
Akure compared to Ibadan
🏛️
Overview comparison
AkureIbadan
Consumer prices in Ibadan are roughly 16% higher than in Akure.
Cost of living
| Item | Akure | Ibadan |
|---|
| Total with rent one person | 537 | 615 |
|---|
| Total with rent family | 1,518 | 2,281 |
|---|
| Without rent one person | 336 | 393 |
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| Without rent one family | 914 | 1,023 |
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| Rent & Utilities person | 289.94 | 504.07 |
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| Rent & Utilities family | 470.71 | 1,419.58 |
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| Food person | 244 | 161 |
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| Food family | 592 | 450 |
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| Transport person | 96.16 | 93.32 |
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| Transport family | 201.26 | 263.08 |
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| Life expectancy | 69.94 years | 67.04 years |
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Eating Out
| Item | Akure | Ibadan |
|---|
| Lunch Menu | 1.59 | 1.26 |
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| Dinner in a Restaurant, for 2 | 13.81 | 17.76 |
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| Fast food meal, equiv. McDonald's | 5.96 | 7.25 |
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| Beer in a Pub, 0.5 L or 16 fl oz | 3.15 | 0.88 |
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| Cappuccino | 1.74 | 0.82 |
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| Pepsi / Coke, 0.5 L or 16.9 fl oz | 0.34 | 0.33 |
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Rent & Utilities
| Item | Akure | Ibadan |
|---|
| 1 bedroom apartment in city Center, 40 m2 or 430 ft2 | 360.1 | 508.11 |
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| Cheap 1 bedroom apartment, 40 m2 or 430 ft2 | 223.72 | 322.33 |
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| 3 bedroom apartment in city Center, 80 m2 or 860 ft2 | 689.19 | 1,053.15 |
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| Cheap 3 bedroom apartment, 80 m2 or 860 ft2 | 313.56 | 1,357.48 |
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| Utility Bill one person, electricity, heating, water, etc. | 13.94 | 11.33 |
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| Utility Bill for a Family, electricity, heating, water, etc. | 21.41 | 18.23 |
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| Internet plan, 25 Mbps+ 1 month unlimited | 16.11 | 17.5 |
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Transportation
| Item | Akure | Ibadan |
|---|
| Local transport ticket | 18.27 | 13.89 |
|---|
| Monthly ticket local transport | 747 | 677 |
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| Taxi Ride, 8 km or 5 mi | 650 | 296 |
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| Gas / Petrol, 1 L or 0.26 gal | 0.26 | 0.27 |
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| Mortgage Interest Rate for 20 Years | 13.95% | 43.08% |
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| Apartment price to Buy in city Center, 1 m2 or 10 ft2 | 21.6 | 8.26 |
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| House price to Buy in Suburbs, 1 m2 or 10 ft2 | 0.46 | 0.48 |
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Groceries
| Item | Akure | Ibadan |
|---|
| Milk, 1 L or 1 qt | 1.76 | 2.24 |
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| Bread, 0.5 kg or 1.1 lb | 0.88 | 1.22 |
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| Eggs, x12 | 1.88 | 2.04 |
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| Cheese, 1 kg or 2.2 lb | 6.9 | 4.71 |
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| Chicken Breast, 1 kg or 2.2 lb | 4.77 | 5.76 |
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| Round Steak, 1 kg or 2.2 lb | 5.79 | 4.35 |
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| Banana, 1 kg or 2.2 lb | 2.63 | 1.03 |
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| Water, 1 L or 1 qt | 0.29 | 0.2 |
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Other
| Item | Akure | Ibadan |
|---|
| Gym Membership, 1 month | 26.97 | 27.38 |
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| Cinema Ticket, 1 person | 4.35 | 2.14 |
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| Doctors visit | 6.98 | 5.32 |
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| Haircut, simple | 1.62 | 1.39 |
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| Brand Jeans | 18.2 | 16.45 |
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| Brand Sneakers | 73.35 | 38.9 |
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| Daycare or Preschool, 1 month | 65.74 | 46.95 |
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| International Primary School, 1 year | 2,659 | 1,830 |
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