- 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 | ₩8,985 (2,889 ₦) | 2,384 ₦ | + 21% | |
| Combo meal in fast food restaurant (Big Mac Meal or similar) | ₩6,528 (2,099 ₦) | 2,064 ₦ | + 2% | |
| 500 gr (1 lb.) of boneless chicken breast | ₩4,957 (1,594 ₦) | 988 ₦ | + 61% | |
| 1 liter (1 qt.) of whole fat milk | ₩2,498 (803 ₦) | 918 ₦ | - 13% | |
| 12 eggs, large | ₩3,427 (1,102 ₦) | 572 ₦ | + 93% | |
| 1 kg (2 lb.) of tomatoes | ₩5,263 (1,692 ₦) | 634 ₦ | + 167% | |
| 500 gr (16 oz.) of local cheese | ₩10,856 (3,490 ₦) | 1,900 ₦ | + 84% | |
| 1 kg (2 lb.) of apples | ₩6,767 (2,176 ₦) | 1,171 ₦ | + 86% | |
| 1 kg (2 lb.) of potatoes | ₩4,225 (1,358 ₦) | 918 ₦ | + 48% | |
| 0.5 l (16 oz) domestic beer in the supermarket | ₩2,513 (808 ₦) | 339 ₦ | + 139% | |
| 1 bottle of red table wine, good quality | ₩19,403 (6,238 ₦) | 2,416 ₦ | + 158% | |
| 2 liters of Coca-Cola | ₩2,739 (881 ₦) | 369 ₦ | + 139% | |
| Bread for 2 people for 1 day | ₩3,350 (1,077 ₦) | 373 ₦ | + 189% | |
| Housing | + 53% | |||
| Housing in South Korea is 53% more expensive than in Nigeria | ||||
| Monthly rent for 85 m2 (900 Sqft) furnished accommodation in EXPENSIVE area | ₩1,496,450 (481,131 ₦) | 327,096 ₦ | + 47% | |
| Monthly rent for 85 m2 (900 Sqft) furnished accommodation in NORMAL area | ₩1,108,410 (356,370 ₦) | 265,824 ₦ | + 34% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | ₩148,919 (47,880 ₦) | 27,010 ₦ | + 77% | |
| Monthly rent for a 45 m2 (480 Sqft) furnished studio in EXPENSIVE area | ₩994,024 (319,593 ₦) | 234,517 ₦ | + 36% | |
| Monthly rent for a 45 m2 (480 Sqft) furnished studio in NORMAL area | ₩612,536 (196,939 ₦) | 125,903 ₦ | + 56% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 Sqft) studio | ₩132,259 (42,523 ₦) | 16,128 ₦ | + 164% | |
| Internet 8 Mbps (1 month) | ₩25,690 (8,260 ₦) | 6,064 ₦ | + 36% | |
| 40” flat screen TV | ₩512,162 (164,668 ₦) | 115,445 ₦ | + 43% | |
| Microwave 800/900 Watt (Bosch, Panasonic, LG, Sharp, or equivalent brands) | ₩97,084 (31,214 ₦) | 35,316 ₦ | - 12% | |
| Laundry detergent (3 l. ~ 100 oz.) | ₩11,442 (3,679 ₦) | 1,101 ₦ | + 234% | |
| Hourly rate for cleaning help | ₩13,547 (4,356 ₦) | 1,488 ₦ | + 193% | |
| Clothes | + 95% | |||
| Clothes in South Korea is 95% more expensive than in Nigeria | ||||
| 1 pair of jeans (Levis 501 or similar) | ₩83,855 (26,961 ₦) | 6,787 ₦ | + 297% | |
| 1 summer dress in a High Street Store (Zara, H&M or similar retailers) | ₩54,603 (17,556 ₦) | 10,295 ₦ | + 71% | |
| 1 pair of sport shoes (Nike, Adidas, or equivalent brands) | ₩96,827 (31,131 ₦) | 16,193 ₦ | + 92% | |
| 1 pair of men’s leather business shoes | ₩153,217 (49,262 ₦) | 27,800 ₦ | + 77% | |
| Transportation | + 95% | |||
| Transportation in South Korea is 95% more expensive than in Nigeria | ||||
| Volkswagen Golf 1.4 TSI 150 CV (or equivalent), with no extras, new | ₩30,660,700 (9,857,865 ₦) | 5,470,950 ₦ | + 80% | |
| 1 liter (1/4 gallon) of gas | ₩1,556 (500 ₦) | 155 ₦ | + 223% | |
| Monthly ticket public transport | ₩63,764 (20,501 ₦) | 10,211 ₦ | + 101% | |
| Personal Care | + 89% | |||
| Personal Care in South Korea is 89% more expensive than in Nigeria | ||||
| Cold medicine for 6 days (Tylenol, Frenadol, Coldrex, or equivalent brands) | ₩5,647 (1,815 ₦) | 1,599 ₦ | + 14% | |
| 1 box of antibiotics (12 doses) | ₩7,057 (2,269 ₦) | 1,933 ₦ | + 17% | |
| Short visit to private Doctor (15 minutes) | ₩32,530 (10,459 ₦) | 7,156 ₦ | + 46% | |
| 1 box of 32 tampons (Tampax, OB, ...) | ₩10,272 (3,303 ₦) | 1,414 ₦ | + 134% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | ₩8,076 (2,596 ₦) | 1,145 ₦ | + 127% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | ₩7,730 (2,485 ₦) | 1,441 ₦ | + 72% | |
| 4 rolls of toilet paper | ₩3,061 (984 ₦) | 402 ₦ | + 145% | |
| Tube of toothpaste | ₩2,686 (864 ₦) | 487 ₦ | + 77% | |
| Standard men's haircut in expat area of the city | ₩18,295 (5,882 ₦) | 1,476 ₦ | + 299% | |
| Entertainment | + 66% | |||
| Entertainment in South Korea is 66% more expensive than in Nigeria | ||||
| Basic dinner out for two in neighborhood pub | ₩30,601 (9,839 ₦) | 5,419 ₦ | + 82% | |
| 2 tickets to the movies | ₩20,654 (6,641 ₦) | 3,209 ₦ | + 107% | |
| 2 tickets to the theater (best available seats) | ₩118,894 (38,226 ₦) | 17,434 ₦ | + 119% | |
| Dinner for two at an Italian restaurant in the expat area including appetisers, main course, wine and dessert | ₩60,511 (19,455 ₦) | 15,524 ₦ | + 25% | |
| 1 cocktail drink in downtown club | ₩9,150 (2,942 ₦) | 2,556 ₦ | + 15% | |
| Cappuccino in expat area of the city | ₩4,929 (1,585 ₦) | 1,457 ₦ | + 9% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | ₩4,728 (1,520 ₦) | 562 ₦ | + 170% | |
| iPad Wi-Fi 128GB | ₩577,048 (185,529 ₦) | 186,359 ₦ | - 0% | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | ₩382 (123 ₦) | 43 ₦ | + 182% | |
| 1 month of gym membership in business district | ₩76,765 (24,681 ₦) | 14,882 ₦ | + 66% | |
| 1 package of Marlboro cigarettes | ₩4,500 (1,447 ₦) | 471 ₦ | + 207% | |
| TOTAL | + 74% | |||
These prices were last updated on November 19, 2018.
Exchange rate:
0.32151
NGN
/
KRW
This comparison is based on abundant and consistent data. It is based on 2,566 prices entered by 391 different people.
Cost of living in South Korea is 74% more expensive than in Nigeria
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