Cost of living in Akure, Nigeria vs Lima, Peru
WARNING!
Akure has artificial and unrealistic official exchange rates.
You can also get this comparison using the parallel street rate in Akure.
Currency:
| Food | + 575% | |||
|---|---|---|---|---|
| Food in Akure (Nigeria) is 575% more expensive than in Lima (Peru) | ||||
| Basic lunchtime menu (including a drink) in the business district | 40,000 ₦ (S/. 379) | S/. 23 | + 1513% | |
| Combo meal in fast food restaurant (big mac meal or similar) | 20,000 ₦ (S/. 189) | S/. 17 | + 1022% | |
| 500 gr (1 lb.) of boneless chicken breast | - | S/. 7 | - | |
| 1 liter (1 qt.) of whole fat milk | 2,000 ₦ (S/. 19) | S/. 4.22 | + 349% | |
| 12 eggs, large | 2,000 ₦ (S/. 19) | S/. 6 | + 202% | |
| 1 kg (2 lb.) of tomatoes | 1,500 ₦ (S/. 14) | S/. 3.79 | + 275% | |
| 500 gr (16 oz.) of local cheese | 10,000 ₦ (S/. 95) | S/. 12 | + 661% | |
| 1 kg (2 lb.) of apples | 1,000 ₦ (S/. 9) | S/. 4.60 | + 106% | |
| 1 kg (2 lb.) of potatoes | 2,000 ₦ (S/. 19) | S/. 2.46 | + 671% | |
| 0.5 l (16 oz) domestic beer in the supermarket | 5,000 ₦ (S/. 47) | S/. 5.62 | + 743% | |
| 1 bottle of red table wine, good quality | 3,000 ₦ (S/. 28) | S/. 42 | - 33% | |
| 2 liters of coca-cola | 1,000 ₦ (S/. 9) | S/. 7 | + 28% | |
| Bread for 2 people for 1 day | 1,000 ₦ (S/. 9) | S/. 1.58 | + 500% | |
| Housing | - 1% | |||
| Housing in Akure (Nigeria) is about the same as in Lima (Peru) | ||||
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area | - | S/. 2,927 | - | |
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area | 150,000 ₦ (S/. 1,421) | S/. 1,643 | - 14% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | 50,000 ₦ (S/. 474) | S/. 214 | + 121% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area | - | S/. 2,235 | - | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area | - | S/. 1,227 | - | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio | - | S/. 162 | - | |
| Internet 8 mbps (1 month) | 5,000 ₦ (S/. 47) | S/. 70 | - 32% | |
| 40” flat screen tv | 150,000 ₦ (S/. 1,421) | S/. 1,237 | + 15% | |
| Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) | 20,000 ₦ (S/. 189) | S/. 340 | - 44% | |
| Laundry detergent (3 l. ~ 100 oz.) | 5,000 ₦ (S/. 47) | S/. 33 | + 45% | |
| Hourly rate for cleaning help | 1,000 ₦ (S/. 9) | S/. 17 | - 43% | |
| Clothes | - 4% | |||
| Clothes in Akure (Nigeria) is about the same as in Lima (Peru) | ||||
| 1 pair of jeans (levis 501 or similar) | 10,000 ₦ (S/. 95) | S/. 157 | - 40% | |
| 1 summer dress in a high street store (zara, h&m or similar retailers) | 15,000 ₦ (S/. 142) | S/. 107 | + 32% | |
| 1 pair of sport shoes (nike, adidas, or equivalent brands) | 5,000 ₦ (S/. 47) | S/. 248 | - 81% | |
| 1 pair of men’s leather business shoes | 25,000 ₦ (S/. 237) | S/. 259 | - 9% | |
| Transportation | + 5% | |||
| Transportation in Akure (Nigeria) is 5% more expensive than in Lima (Peru) | ||||
| Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new | - | S/. 62,880 | - | |
| 1 liter (1/4 gallon) of gas | 500 ₦ (S/. 4.74) | S/. 3.63 | + 30% | |
| Monthly ticket public transport | - | S/. 119 | - | |
| Taxi trip on a business day, basic tariff, 8 km. (5 miles) | - | S/. 48 | - | |
| Personal Care | + 83% | |||
| Personal Care in Akure (Nigeria) is 83% more expensive than in Lima (Peru) | ||||
| Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) | 3,000 ₦ (S/. 28) | S/. 22 | + 30% | |
| 1 box of antibiotics (12 doses) | 5,000 ₦ (S/. 47) | S/. 22 | + 113% | |
| Short visit to private doctor (15 minutes) | 10,000 ₦ (S/. 95) | S/. 78 | + 22% | |
| 1 box of 32 tampons (tampax, ob, ...) | 5,000 ₦ (S/. 47) | S/. 18 | + 165% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | 3,750 ₦ (S/. 36) | S/. 13 | + 179% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | 2,000 ₦ (S/. 19) | S/. 16 | + 15% | |
| 4 rolls of toilet paper | 1,000 ₦ (S/. 9) | S/. 4.46 | + 112% | |
| Tube of toothpaste | 500 ₦ (S/. 4.74) | S/. 4.05 | + 17% | |
| Standard men's haircut in expat area of the city | 1,000 ₦ (S/. 9) | S/. 41 | - 77% | |
| Entertainment | + 65% | |||
| Entertainment in Akure (Nigeria) is 65% more expensive than in Lima (Peru) | ||||
| Basic dinner out for two in neighborhood pub | 5,000 ₦ (S/. 47) | S/. 38 | + 24% | |
| 2 tickets to the movies | 5,000 ₦ (S/. 47) | S/. 32 | + 46% | |
| 2 tickets to the theater (best available seats) | - | S/. 92 | - | |
| Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert | 5,000 ₦ (S/. 47) | S/. 114 | - 58% | |
| 1 cocktail drink in downtown club | 3,000 ₦ (S/. 28) | S/. 24 | + 16% | |
| Cappuccino in expat area of the city | 2,000 ₦ (S/. 19) | S/. 13 | + 43% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | 10,000 ₦ (S/. 95) | S/. 8 | + 1117% | |
| Ipad wi-fi 128gb | - | S/. 1,805 | - | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | 200 ₦ (S/. 1.89) | S/. 0.53 | + 259% | |
| 1 month of gym membership in business district | 5,000 ₦ (S/. 47) | S/. 165 | - 71% | |
| 1 package of marlboro cigarettes | 500 ₦ (S/. 4.74) | S/. 16 | - 71% | |
| TOTAL | + 122% | |||
This comparison is lacking data. It provides a decent comparison, but it is not yet reliable. It is based on 3,052 prices entered by 274 different people.
These prices were last updated on January 15, 2021.
Exchange rate:
0.00947
PEN
/
NGN
*
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Cost of living in Akure (Nigeria) is 122% more expensive than in Lima (Peru)
For example, you would need at least S/. 18,022 (1,902,837 ₦) in Akure to maintain the same standard of living that you can have with S/. 8,100 in Lima.
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