Cost of living in South Korea compared to Nigeria
Currency:
| Food | + 51% | |||
|---|---|---|---|---|
| Food in South Korea is 51% more expensive than in Nigeria | ||||
| South Korea | Nigeria | Diff | ||
| Basic lunchtime menu (including a drink) in the business district | ₩9,728 (3,441 ₦) | 2,597 ₦ | + 33% | |
| Combo meal in fast food restaurant (big mac meal or similar) | ₩7,824 (2,767 ₦) | 3,245 ₦ | - 15% | |
| 500 gr (1 lb.) of boneless chicken breast | ₩6,884 (2,435 ₦) | 1,758 ₦ | + 38% | |
| 1 liter (1 qt.) of whole fat milk | ₩2,888 (1,021 ₦) | 1,508 ₦ | - 32% | |
| 12 eggs, large | ₩6,434 (2,276 ₦) | 1,104 ₦ | + 106% | |
| 1 kg (2 lb.) of tomatoes | ₩8,039 (2,844 ₦) | 1,146 ₦ | + 148% | |
| 500 gr (16 oz.) of local cheese | ₩7,984 (2,824 ₦) | 1,311 ₦ | + 115% | |
| 1 kg (2 lb.) of apples | ₩8,424 (2,980 ₦) | 1,908 ₦ | + 56% | |
| 1 kg (2 lb.) of potatoes | ₩4,900 (1,733 ₦) | 1,283 ₦ | + 35% | |
| 0.5 l (16 oz) domestic beer in the supermarket | ₩2,924 (1,034 ₦) | 511 ₦ | + 102% | |
| 1 bottle of red table wine, good quality | ₩20,791 (7,354 ₦) | 3,367 ₦ | + 118% | |
| 2 liters of coca-cola | ₩3,925 (1,388 ₦) | 1,012 ₦ | + 37% | |
| Bread for 2 people for 1 day | ₩4,099 (1,450 ₦) | 615 ₦ | + 136% | |
| Housing | + 9% | |||
| Housing in South Korea is 9% more expensive than in Nigeria | ||||
| South Korea | Nigeria | Diff | ||
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area | ₩3,727,990 (1,318,632 ₦) | 1,087,280 ₦ | + 21% | |
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area | ₩2,236,600 (791,111 ₦) | 480,899 ₦ | + 65% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | ₩272,954 (96,547 ₦) | 50,320 ₦ | + 92% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area | ₩1,095,220 (387,392 ₦) | 441,651 ₦ | - 12% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area | ₩714,933 (252,880 ₦) | 270,421 ₦ | - 6% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio | ₩120,000 (42,445 ₦) | 80,318 ₦ | - 47% | |
| Internet 8 mbps (1 month) | ₩30,234 (10,694 ₦) | 17,872 ₦ | - 40% | |
| 40” flat screen tv | ₩219,090 (77,495 ₦) | 97,009 ₦ | - 20% | |
| Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) | ₩100,000 (35,371 ₦) | 56,399 ₦ | - 37% | |
| Laundry detergent (3 l. ~ 100 oz.) | ₩16,029 (5,670 ₦) | 6,433 ₦ | - 12% | |
| Hourly rate for cleaning help | ₩14,433 (5,105 ₦) | 1,500 ₦ | + 240% | |
| Clothes | + 83% | |||
| Clothes in South Korea is 83% more expensive than in Nigeria | ||||
| South Korea | Nigeria | Diff | ||
| 1 pair of jeans (levis 501 or similar) | ₩82,132 (29,051 ₦) | 8,462 ₦ | + 243% | |
| 1 summer dress in a high street store (zara, h&m or similar retailers) | ₩59,762 (21,138 ₦) | 12,300 ₦ | + 72% | |
| 1 pair of sport shoes (nike, adidas, or equivalent brands) | ₩94,430 (33,401 ₦) | 28,695 ₦ | + 16% | |
| 1 pair of men’s leather business shoes | ₩148,450 (52,508 ₦) | 29,497 ₦ | + 78% | |
| Transportation | + 31% | |||
| Transportation in South Korea is 31% more expensive than in Nigeria | ||||
| South Korea | Nigeria | Diff | ||
| Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new | ₩41,461,500 (14,665,401 ₦) | 8,000,000 ₦ | + 83% | |
| 1 liter (1/4 gallon) of gas | ₩1,846 (653 ₦) | 279 ₦ | + 134% | |
| Monthly ticket public transport | ₩56,684 (20,050 ₦) | 19,283 ₦ | + 4% | |
| Personal Care | + 177% | |||
| Personal Care in South Korea is 177% more expensive than in Nigeria | ||||
| South Korea | Nigeria | Diff | ||
| Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) | ₩7,985 (2,824 ₦) | 383 ₦ | + 638% | |
| 1 box of antibiotics (12 doses) | ₩12,000 (4,245 ₦) | 1,629 ₦ | + 161% | |
| Short visit to private doctor (15 minutes) | ₩42,086 (14,886 ₦) | 19,489 ₦ | - 24% | |
| 1 box of 32 tampons (tampax, ob, ...) | ₩21,034 (7,440 ₦) | 2,247 ₦ | + 231% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | ₩15,000 (5,306 ₦) | 835 ₦ | + 535% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | ₩9,644 (3,411 ₦) | 1,660 ₦ | + 106% | |
| 4 rolls of toilet paper | ₩3,593 (1,271 ₦) | 651 ₦ | + 95% | |
| Tube of toothpaste | ₩8,235 (2,913 ₦) | 663 ₦ | + 339% | |
| Standard men's haircut in expat area of the city | ₩12,817 (4,534 ₦) | 1,692 ₦ | + 168% | |
| Entertainment | + 89% | |||
| Entertainment in South Korea is 89% more expensive than in Nigeria | ||||
| South Korea | Nigeria | Diff | ||
| Basic dinner out for two in neighborhood pub | ₩32,969 (11,661 ₦) | 8,546 ₦ | + 36% | |
| 2 tickets to the movies | ₩28,078 (9,931 ₦) | 6,169 ₦ | + 61% | |
| 2 tickets to the theater (best available seats) | ₩270,239 (95,587 ₦) | 8,826 ₦ | + 983% | |
| Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert | ₩67,904 (24,018 ₦) | 17,024 ₦ | + 41% | |
| 1 cocktail drink in downtown club | ₩15,654 (5,537 ₦) | 3,233 ₦ | + 71% | |
| Cappuccino in expat area of the city | ₩5,405 (1,912 ₦) | 1,074 ₦ | + 78% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | ₩4,618 (1,633 ₦) | 500 ₦ | + 227% | |
| Ipad wi-fi 128gb | ₩780,501 (276,072 ₦) | 137,406 ₦ | + 101% | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | ₩207 (73 ₦) | 24 ₦ | + 208% | |
| 1 month of gym membership in business district | ₩84,504 (29,890 ₦) | 20,543 ₦ | + 45% | |
| 1 package of marlboro cigarettes | ₩4,500 (1,592 ₦) | 519 ₦ | + 207% | |
| TOTAL | + 41% | |||
This comparison is lacking data. It provides a decent comparison, but it is not yet reliable. It is based on 639 prices entered by 126 different people.
These prices were last updated on June 03, 2023.
Exchange rate:
0.35371
NGN
/
KRW
*
Cost of living in South Korea is 41% more expensive than in Nigeria
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