Cost of living in South Korea compared to Nigeria
Currency:
| Food | + 96% | |||
|---|---|---|---|---|
| Food in South Korea is 96% more expensive than in Nigeria | ||||
| Basic lunchtime menu (including a drink) in the business district | ₩9,333 (2,811 ₦) | 2,244 ₦ | + 25% | |
| Combo meal in fast food restaurant (big mac meal or similar) | ₩6,509 (1,960 ₦) | 1,552 ₦ | + 26% | |
| 500 gr (1 lb.) of boneless chicken breast | ₩6,201 (1,867 ₦) | 939 ₦ | + 99% | |
| 1 liter (1 qt.) of whole fat milk | ₩2,610 (786 ₦) | 802 ₦ | - 2% | |
| 12 eggs, large | ₩3,973 (1,196 ₦) | 551 ₦ | + 117% | |
| 1 kg (2 lb.) of tomatoes | ₩6,606 (1,989 ₦) | 686 ₦ | + 190% | |
| 500 gr (16 oz.) of local cheese | ₩10,909 (3,285 ₦) | 2,314 ₦ | + 42% | |
| 1 kg (2 lb.) of apples | ₩8,939 (2,692 ₦) | 1,258 ₦ | + 114% | |
| 1 kg (2 lb.) of potatoes | ₩5,079 (1,529 ₦) | 647 ₦ | + 136% | |
| 0.5 l (16 oz) domestic beer in the supermarket | ₩2,476 (746 ₦) | 328 ₦ | + 127% | |
| 1 bottle of red table wine, good quality | ₩25,498 (7,679 ₦) | 2,879 ₦ | + 167% | |
| 2 liters of coca-cola | ₩2,754 (829 ₦) | 360 ₦ | + 131% | |
| Bread for 2 people for 1 day | ₩3,148 (948 ₦) | 370 ₦ | + 156% | |
| Housing | + 11% | |||
| Housing in South Korea is 11% more expensive than in Nigeria | ||||
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area | ₩1,495,100 (450,243 ₦) | 450,052 ₦ | + 0% | |
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area | ₩1,111,570 (334,745 ₦) | 277,945 ₦ | + 20% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | ₩252,074 (75,911 ₦) | 20,990 ₦ | + 262% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area | ₩634,731 (191,147 ₦) | 336,264 ₦ | - 43% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area | ₩569,700 (171,563 ₦) | 280,671 ₦ | - 39% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio | ₩93,201 (28,067 ₦) | 12,211 ₦ | + 130% | |
| Internet 8 mbps (1 month) | ₩30,841 (9,288 ₦) | 8,757 ₦ | + 6% | |
| 40” flat screen tv | ₩512,722 (154,404 ₦) | 84,820 ₦ | + 82% | |
| Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) | ₩113,954 (34,317 ₦) | 31,502 ₦ | + 9% | |
| Laundry detergent (3 l. ~ 100 oz.) | ₩10,470 (3,153 ₦) | 1,122 ₦ | + 181% | |
| Hourly rate for cleaning help | ₩19,321 (5,818 ₦) | 1,192 ₦ | + 388% | |
| Clothes | + 99% | |||
| Clothes in South Korea is 99% more expensive than in Nigeria | ||||
| 1 pair of jeans (levis 501 or similar) | ₩69,249 (20,854 ₦) | 7,198 ₦ | + 190% | |
| 1 summer dress in a high street store (zara, h&m or similar retailers) | ₩58,737 (17,688 ₦) | 10,494 ₦ | + 69% | |
| 1 pair of sport shoes (nike, adidas, or equivalent brands) | ₩110,750 (33,352 ₦) | 14,247 ₦ | + 134% | |
| 1 pair of men’s leather business shoes | ₩193,166 (58,171 ₦) | 21,849 ₦ | + 166% | |
| Transportation | + 76% | |||
| Transportation in South Korea is 76% more expensive than in Nigeria | ||||
| Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new | ₩35,224,500 (10,607,708 ₦) | 1,792,100 ₦ | + 492% | |
| 1 liter (1/4 gallon) of gas | ₩1,474 (444 ₦) | 148 ₦ | + 201% | |
| Monthly ticket public transport | ₩70,368 (21,191 ₦) | 16,973 ₦ | + 25% | |
| Personal Care | + 105% | |||
| Personal Care in South Korea is 105% more expensive than in Nigeria | ||||
| Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) | ₩5,944 (1,790 ₦) | 969 ₦ | + 85% | |
| 1 box of antibiotics (12 doses) | ₩7,390 (2,226 ₦) | 2,812 ₦ | - 21% | |
| Short visit to private doctor (15 minutes) | ₩20,000 (6,023 ₦) | 6,906 ₦ | - 13% | |
| 1 box of 32 tampons (tampax, ob, ...) | ₩18,944 (5,705 ₦) | 1,561 ₦ | + 265% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | ₩8,772 (2,642 ₦) | 1,081 ₦ | + 144% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | ₩10,077 (3,035 ₦) | 1,092 ₦ | + 178% | |
| 4 rolls of toilet paper | ₩3,335 (1,004 ₦) | 333 ₦ | + 201% | |
| Tube of toothpaste | ₩2,422 (729 ₦) | 488 ₦ | + 50% | |
| Standard men's haircut in expat area of the city | ₩13,449 (4,050 ₦) | 2,448 ₦ | + 65% | |
| Entertainment | + 47% | |||
| Entertainment in South Korea is 47% more expensive than in Nigeria | ||||
| Basic dinner out for two in neighborhood pub | ₩30,440 (9,167 ₦) | 5,246 ₦ | + 75% | |
| 2 tickets to the movies | ₩21,000 (6,324 ₦) | 3,961 ₦ | + 60% | |
| 2 tickets to the theater (best available seats) | ₩109,875 (33,088 ₦) | 16,149 ₦ | + 105% | |
| Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert | ₩61,177 (18,423 ₦) | 17,569 ₦ | + 5% | |
| 1 cocktail drink in downtown club | ₩12,044 (3,627 ₦) | 2,268 ₦ | + 60% | |
| Cappuccino in expat area of the city | ₩4,823 (1,453 ₦) | 2,077 ₦ | - 30% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | ₩5,159 (1,553 ₦) | 567 ₦ | + 174% | |
| Ipad wi-fi 128gb | ₩571,356 (172,061 ₦) | 68,273 ₦ | + 152% | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | ₩146 (44 ₦) | 34 ₦ | + 29% | |
| 1 month of gym membership in business district | ₩59,864 (18,028 ₦) | 15,010 ₦ | + 20% | |
| 1 package of marlboro cigarettes | ₩4,578 (1,379 ₦) | 463 ₦ | + 198% | |
| TOTAL | + 55% | |||
This comparison has some inconsistent or sparse data. It already provides a reliable comparison but it is not bullet-proof. It is based on 1,861 prices entered by 245 different people.
These prices were last updated on February 23, 2020.
Exchange rate:
0.30115
NGN
/
KRW
Cost of living in South Korea is 55% more expensive than in Nigeria
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