- Cost of Living
- South Korea
- Nigeria
- Comparison
Cost of living in South Korea compared to Nigeria
Currency:
| Food | + 77% | |||
|---|---|---|---|---|
| Food in South Korea is 77% more expensive than in Nigeria | ||||
| Basic lunchtime menu (including a drink) in the business district | ₩9,025 (2,919 ₦) | 2,350 ₦ | + 24% | |
| Combo meal in fast food restaurant (Big Mac Meal or similar) | ₩6,426 (2,078 ₦) | 2,113 ₦ | - 2% | |
| 500 gr (1 lb.) of boneless chicken breast | ₩4,610 (1,491 ₦) | 979 ₦ | + 52% | |
| 1 liter (1 qt.) of whole fat milk | ₩2,484 (804 ₦) | 922 ₦ | - 13% | |
| 12 eggs, large | ₩3,658 (1,183 ₦) | 574 ₦ | + 106% | |
| 1 kg (2 lb.) of tomatoes | ₩5,000 (1,617 ₦) | 646 ₦ | + 150% | |
| 500 gr (16 oz.) of local cheese | ₩10,856 (3,512 ₦) | 2,189 ₦ | + 60% | |
| 1 kg (2 lb.) of apples | ₩6,723 (2,175 ₦) | 1,140 ₦ | + 91% | |
| 1 kg (2 lb.) of potatoes | ₩5,317 (1,720 ₦) | 942 ₦ | + 83% | |
| 0.5 l (16 oz) domestic beer in the supermarket | ₩2,458 (795 ₦) | 321 ₦ | + 148% | |
| 1 bottle of red table wine, good quality | ₩20,617 (6,669 ₦) | 2,387 ₦ | + 179% | |
| 2 liters of Coca-Cola | ₩2,668 (863 ₦) | 373 ₦ | + 132% | |
| Bread for 2 people for 1 day | ₩2,969 (960 ₦) | 375 ₦ | + 156% | |
| Housing | + 43% | |||
| Housing in South Korea is 43% more expensive than in Nigeria | ||||
| Monthly rent for 85 m2 (900 Sqft) furnished accommodation in EXPENSIVE area | ₩1,470,030 (475,496 ₦) | 371,518 ₦ | + 28% | |
| Monthly rent for 85 m2 (900 Sqft) furnished accommodation in NORMAL area | ₩1,134,840 (367,075 ₦) | 235,474 ₦ | + 56% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | ₩146,543 (47,401 ₦) | 28,635 ₦ | + 66% | |
| Monthly rent for a 45 m2 (480 Sqft) furnished studio in EXPENSIVE area | ₩882,325 (285,397 ₦) | 204,970 ₦ | + 39% | |
| Monthly rent for a 45 m2 (480 Sqft) furnished studio in NORMAL area | ₩570,318 (184,475 ₦) | 107,913 ₦ | + 71% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 Sqft) studio | ₩112,279 (36,318 ₦) | 18,994 ₦ | + 91% | |
| Internet 8 Mbps (1 month) | ₩26,295 (8,505 ₦) | 7,060 ₦ | + 20% | |
| 40” flat screen TV | ₩512,162 (165,664 ₦) | 119,290 ₦ | + 39% | |
| Microwave 800/900 Watt (Bosch, Panasonic, LG, Sharp, or equivalent brands) | ₩97,084 (31,403 ₦) | 33,500 ₦ | - 6% | |
| Laundry detergent (3 l. ~ 100 oz.) | ₩11,442 (3,701 ₦) | 1,142 ₦ | + 224% | |
| Hourly rate for cleaning help | ₩14,304 (4,627 ₦) | 2,599 ₦ | + 78% | |
| Clothes | + 68% | |||
| Clothes in South Korea is 68% more expensive than in Nigeria | ||||
| 1 pair of jeans (Levis 501 or similar) | ₩79,227 (25,627 ₦) | 6,845 ₦ | + 274% | |
| 1 summer dress in a High Street Store (Zara, H&M or similar retailers) | ₩47,464 (15,353 ₦) | 10,919 ₦ | + 41% | |
| 1 pair of sport shoes (Nike, Adidas, or equivalent brands) | ₩94,651 (30,616 ₦) | 17,240 ₦ | + 78% | |
| 1 pair of men’s leather business shoes | ₩138,932 (44,939 ₦) | 29,566 ₦ | + 52% | |
| Transportation | + 82% | |||
| Transportation in South Korea is 82% more expensive than in Nigeria | ||||
| Volkswagen Golf 1.4 TSI 150 CV (or equivalent), with no extras, new | ₩30,995,700 (10,025,870 ₦) | 5,470,950 ₦ | + 83% | |
| 1 liter (1/4 gallon) of gas | ₩1,534 (496 ₦) | 150 ₦ | + 231% | |
| Monthly ticket public transport | ₩60,943 (19,713 ₦) | 11,277 ₦ | + 75% | |
| Personal Care | + 94% | |||
| Personal Care in South Korea is 94% more expensive than in Nigeria | ||||
| Cold medicine for 6 days (Tylenol, Frenadol, Coldrex, or equivalent brands) | ₩5,647 (1,826 ₦) | 1,712 ₦ | + 7% | |
| 1 box of antibiotics (12 doses) | ₩7,057 (2,283 ₦) | 1,740 ₦ | + 31% | |
| Short visit to private Doctor (15 minutes) | ₩33,974 (10,989 ₦) | 7,626 ₦ | + 44% | |
| 1 box of 32 tampons (Tampax, OB, ...) | ₩10,272 (3,323 ₦) | 1,581 ₦ | + 110% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | ₩8,076 (2,612 ₦) | 1,106 ₦ | + 136% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | ₩7,730 (2,500 ₦) | 1,336 ₦ | + 87% | |
| 4 rolls of toilet paper | ₩3,061 (990 ₦) | 390 ₦ | + 154% | |
| Tube of toothpaste | ₩2,686 (869 ₦) | 478 ₦ | + 82% | |
| Standard men's haircut in expat area of the city | ₩17,313 (5,600 ₦) | 1,593 ₦ | + 252% | |
| Entertainment | + 53% | |||
| Entertainment in South Korea is 53% more expensive than in Nigeria | ||||
| Basic dinner out for two in neighborhood pub | ₩31,427 (10,165 ₦) | 5,427 ₦ | + 87% | |
| 2 tickets to the movies | ₩20,366 (6,588 ₦) | 3,246 ₦ | + 103% | |
| 2 tickets to the theater (best available seats) | ₩92,667 (29,974 ₦) | 17,434 ₦ | + 72% | |
| Dinner for two at an Italian restaurant in the expat area including appetisers, main course, wine and dessert | ₩56,926 (18,413 ₦) | 15,096 ₦ | + 22% | |
| 1 cocktail drink in downtown club | ₩8,562 (2,770 ₦) | 2,655 ₦ | + 4% | |
| Cappuccino in expat area of the city | ₩5,126 (1,658 ₦) | 1,656 ₦ | + 0% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | ₩4,787 (1,548 ₦) | 575 ₦ | + 169% | |
| iPad Wi-Fi 128GB | ₩577,048 (186,652 ₦) | 178,983 ₦ | + 4% | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | ₩382 (123 ₦) | 62 ₦ | + 99% | |
| 1 month of gym membership in business district | ₩66,291 (21,442 ₦) | 14,751 ₦ | + 45% | |
| 1 package of Marlboro cigarettes | ₩4,516 (1,461 ₦) | 473 ₦ | + 209% | |
| TOTAL | + 65% | |||
These prices were last updated on January 13, 2019.
Exchange rate:
0.32346
NGN
/
KRW
This comparison is based on abundant and consistent data. It is based on 2,497 prices entered by 379 different people.
Cost of living in South Korea is 65% more expensive than in Nigeria
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