Cost of living in Seoul (South Korea) is 29% more expensive than in Lagos (Nigeria)
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This comparison is lacking data. It provides a decent comparison, but it is not yet reliable. It is based on 515 prices entered by 89 different people.
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Lagos has artificial and unrealistic official exchange rates.
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Currency:
| Food | + 61% | |||
|---|---|---|---|---|
| Food in Seoul (South Korea) is 61% more expensive than in Lagos (Nigeria) | ||||
| Update prices | Update prices | |||
| Seoul | Lagos | Diff | ||
| Basic lunchtime menu (including a drink) in the business district | ₩9,831 (3,461 ₦) | 2,292 ₦ | + 51% | |
| Combo meal in fast food restaurant (big mac meal or similar) | ₩7,898 (2,780 ₦) | 4,192 ₦ | - 34% | |
| 500 gr (1 lb.) of boneless chicken breast | ₩6,830 (2,404 ₦) | 2,003 ₦ | + 20% | |
| 1 liter (1 qt.) of whole fat milk | ₩2,887 (1,016 ₦) | 1,386 ₦ | - 27% | |
| 12 eggs, large | ₩6,431 (2,264 ₦) | 1,146 ₦ | + 98% | |
| 1 kg (2 lb.) of tomatoes | ₩8,120 (2,858 ₦) | 1,004 ₦ | + 185% | |
| 500 gr (16 oz.) of local cheese | ₩7,646 (2,691 ₦) | 2,070 ₦ | + 30% | |
| 1 kg (2 lb.) of apples | ₩8,423 (2,965 ₦) | 1,348 ₦ | + 120% | |
| 1 kg (2 lb.) of potatoes | ₩4,872 (1,715 ₦) | 980 ₦ | + 75% | |
| 0.5 l (16 oz) domestic beer in the supermarket | ₩2,927 (1,030 ₦) | 488 ₦ | + 111% | |
| 1 bottle of red table wine, good quality | ₩20,558 (7,236 ₦) | 3,488 ₦ | + 107% | |
| 2 liters of coca-cola | ₩3,389 (1,193 ₦) | 630 ₦ | + 89% | |
| Bread for 2 people for 1 day | ₩4,160 (1,464 ₦) | 559 ₦ | + 162% | |
| Housing | - 10% | |||
| Housing in Seoul (South Korea) is 10% cheaper than in Lagos (Nigeria) | ||||
| Update prices | Update prices | |||
| Seoul | Lagos | Diff | ||
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area | ₩3,748,000 (1,319,264 ₦) | 1,516,880 ₦ | - 13% | |
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area | ₩2,253,880 (793,346 ₦) | 625,537 ₦ | + 27% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | ₩246,721 (86,844 ₦) | 72,196 ₦ | + 20% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area | ₩1,163,600 (409,577 ₦) | 480,730 ₦ | - 15% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area | ₩787,452 (277,176 ₦) | 299,870 ₦ | - 8% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio | ₩114,665 (40,361 ₦) | 60,517 ₦ | - 33% | |
| Internet 8 mbps (1 month) | ₩31,294 (11,015 ₦) | 19,853 ₦ | - 45% | |
| 40” flat screen tv | ₩378,438 (133,207 ₦) | 101,757 ₦ | + 31% | |
| Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) | ₩100,183 (35,264 ₦) | 33,660 ₦ | + 5% | |
| Laundry detergent (3 l. ~ 100 oz.) | ₩11,893 (4,186 ₦) | 2,775 ₦ | + 51% | |
| Hourly rate for cleaning help | ₩14,266 (5,021 ₦) | 1,655 ₦ | + 203% | |
| Clothes | + 44% | |||
| Clothes in Seoul (South Korea) is 44% more expensive than in Lagos (Nigeria) | ||||
| Update prices | Update prices | |||
| Seoul | Lagos | Diff | ||
| 1 pair of jeans (levis 501 or similar) | ₩79,338 (27,926 ₦) | 8,559 ₦ | + 226% | |
| 1 summer dress in a high street store (zara, h&m or similar retailers) | ₩58,578 (20,619 ₦) | 15,649 ₦ | + 32% | |
| 1 pair of sport shoes (nike, adidas, or equivalent brands) | ₩89,660 (31,559 ₦) | 35,101 ₦ | - 10% | |
| 1 pair of men’s leather business shoes | ₩144,451 (50,846 ₦) | 35,002 ₦ | + 45% | |
| Transportation | + 93% | |||
| Transportation in Seoul (South Korea) is 93% more expensive than in Lagos (Nigeria) | ||||
| Update prices | Update prices | |||
| Seoul | Lagos | Diff | ||
| Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new | ₩41,899,500 (14,748,265 ₦) | 7,979,040 ₦ | + 85% | |
| 1 liter (1/4 gallon) of gas | ₩1,882 (662 ₦) | 174 ₦ | + 281% | |
| Monthly ticket public transport | ₩56,561 (19,909 ₦) | 10,020 ₦ | + 99% | |
| Taxi trip on a business day, basic tariff, 8 km. (5 miles) | ₩13,948 (4,909 ₦) | 6,379 ₦ | - 23% | |
| Personal Care | + 104% | |||
| Personal Care in Seoul (South Korea) is 104% more expensive than in Lagos (Nigeria) | ||||
| Update prices | Update prices | |||
| Seoul | Lagos | Diff | ||
| Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) | ₩5,748 (2,023 ₦) | 365 ₦ | + 454% | |
| 1 box of antibiotics (12 doses) | ₩6,336 (2,230 ₦) | 1,872 ₦ | + 19% | |
| Short visit to private doctor (15 minutes) | ₩46,951 (16,526 ₦) | 15,647 ₦ | + 6% | |
| 1 box of 32 tampons (tampax, ob, ...) | ₩15,753 (5,545 ₦) | 2,347 ₦ | + 136% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | ₩10,736 (3,779 ₦) | 1,253 ₦ | + 202% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | ₩8,307 (2,924 ₦) | 1,773 ₦ | + 65% | |
| 4 rolls of toilet paper | ₩3,094 (1,089 ₦) | 665 ₦ | + 64% | |
| Tube of toothpaste | ₩4,101 (1,443 ₦) | 548 ₦ | + 163% | |
| Standard men's haircut in expat area of the city | ₩18,393 (6,474 ₦) | 2,153 ₦ | + 201% | |
| Entertainment | + 17% | |||
| Entertainment in Seoul (South Korea) is 17% more expensive than in Lagos (Nigeria) | ||||
| Update prices | Update prices | |||
| Seoul | Lagos | Diff | ||
| Basic dinner out for two in neighborhood pub | ₩30,591 (10,768 ₦) | 8,632 ₦ | + 25% | |
| 2 tickets to the movies | ₩28,080 (9,884 ₦) | 6,047 ₦ | + 63% | |
| 2 tickets to the theater (best available seats) | ₩165,044 (58,094 ₦) | 8,332 ₦ | + 597% | |
| Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert | ₩68,068 (23,959 ₦) | 19,865 ₦ | + 21% | |
| 1 cocktail drink in downtown club | ₩13,223 (4,654 ₦) | 4,405 ₦ | + 6% | |
| Cappuccino in expat area of the city | ₩5,405 (1,902 ₦) | 1,372 ₦ | + 39% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | ₩4,568 (1,608 ₦) | 507 ₦ | + 217% | |
| Ipad wi-fi 128gb | ₩631,358 (222,233 ₦) | 380,322 ₦ | - 42% | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | ₩207 (73 ₦) | 24 ₦ | + 208% | |
| 1 month of gym membership in business district | ₩72,194 (25,412 ₦) | 34,641 ₦ | - 27% | |
| 1 package of marlboro cigarettes | ₩4,500 (1,584 ₦) | 524 ₦ | + 202% | |
 |
TOTAL | + 29% | ||
This comparison is lacking data. It provides a decent comparison, but it is not yet reliable. It is based on 515 prices entered by 89 different people.
These prices were last updated on March 30, 2023.
Exchange rate:
0.35199
NGN
/
KRW
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For example, you would need at least 5,809,371 ₦ (₩16,504,295) in Seoul to maintain the same standard of living that you can have with 4,490,000 ₦ in Lagos.
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