Cost of living in South Korea compared to Nigeria
Currency:
| Food | + 47% | |||
|---|---|---|---|---|
| Food in South Korea is 47% more expensive than in Nigeria | ||||
| South Korea | Nigeria | Diff | ||
| Basic lunchtime menu (including a drink) in the business district | ₩9,112 (2,992 ₦) | 2,153 ₦ | + 39% | |
| Combo meal in fast food restaurant (big mac meal or similar) | ₩6,337 (2,081 ₦) | 2,817 ₦ | - 26% | |
| 500 gr (1 lb.) of boneless chicken breast | ₩5,987 (1,966 ₦) | 2,363 ₦ | - 17% | |
| 1 liter (1 qt.) of whole fat milk | ₩2,684 (881 ₦) | 1,015 ₦ | - 13% | |
| 12 eggs, large | ₩5,919 (1,944 ₦) | 808 ₦ | + 141% | |
| 1 kg (2 lb.) of tomatoes | ₩7,571 (2,486 ₦) | 989 ₦ | + 151% | |
| 500 gr (16 oz.) of local cheese | ₩15,097 (4,957 ₦) | 5,019 ₦ | - 1% | |
| 1 kg (2 lb.) of apples | ₩8,205 (2,694 ₦) | 1,236 ₦ | + 118% | |
| 1 kg (2 lb.) of potatoes | ₩3,232 (1,061 ₦) | 1,012 ₦ | + 5% | |
| 0.5 l (16 oz) domestic beer in the supermarket | ₩2,750 (903 ₦) | 367 ₦ | + 146% | |
| 1 bottle of red table wine, good quality | ₩21,608 (7,095 ₦) | 4,640 ₦ | + 53% | |
| 2 liters of coca-cola | ₩3,192 (1,048 ₦) | 659 ₦ | + 59% | |
| Bread for 2 people for 1 day | ₩3,056 (1,004 ₦) | 528 ₦ | + 90% | |
| Housing | + 31% | |||
| Housing in South Korea is 31% more expensive than in Nigeria | ||||
| South Korea | Nigeria | Diff | ||
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area | ₩2,924,960 (960,466 ₦) | 600,977 ₦ | + 60% | |
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area | ₩1,518,680 (498,688 ₦) | 344,756 ₦ | + 45% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | ₩404,245 (132,742 ₦) | 21,473 ₦ | + 518% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area | ₩1,170,520 (384,363 ₦) | 319,785 ₦ | + 20% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area | ₩778,808 (255,736 ₦) | 184,708 ₦ | + 38% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio | ₩86,783 (28,497 ₦) | 7,649 ₦ | + 273% | |
| Internet 8 mbps (1 month) | ₩28,579 (9,384 ₦) | 17,828 ₦ | - 47% | |
| 40” flat screen tv | ₩312,531 (102,626 ₦) | 105,832 ₦ | - 3% | |
| Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) | ₩89,516 (29,394 ₦) | 74,342 ₦ | - 60% | |
| Laundry detergent (3 l. ~ 100 oz.) | ₩13,315 (4,372 ₦) | 1,818 ₦ | + 141% | |
| Hourly rate for cleaning help | ₩18,786 (6,169 ₦) | - | - | |
| Clothes | + 19% | |||
| Clothes in South Korea is 19% more expensive than in Nigeria | ||||
| South Korea | Nigeria | Diff | ||
| 1 pair of jeans (levis 501 or similar) | ₩69,705 (22,889 ₦) | 9,511 ₦ | + 141% | |
| 1 summer dress in a high street store (zara, h&m or similar retailers) | ₩52,630 (17,282 ₦) | 14,349 ₦ | + 20% | |
| 1 pair of sport shoes (nike, adidas, or equivalent brands) | ₩89,867 (29,510 ₦) | 46,330 ₦ | - 36% | |
| 1 pair of men’s leather business shoes | ₩127,854 (41,983 ₦) | 37,979 ₦ | + 11% | |
| Transportation | + 90% | |||
| Transportation in South Korea is 90% more expensive than in Nigeria | ||||
| South Korea | Nigeria | Diff | ||
| Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new | ₩34,648,000 (11,377,332 ₦) | 7,857,240 ₦ | + 45% | |
| 1 liter (1/4 gallon) of gas | ₩1,700 (558 ₦) | 182 ₦ | + 206% | |
| Monthly ticket public transport | ₩59,034 (19,385 ₦) | 8,326 ₦ | + 133% | |
| Personal Care | + 129% | |||
| Personal Care in South Korea is 129% more expensive than in Nigeria | ||||
| South Korea | Nigeria | Diff | ||
| Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) | ₩16,011 (5,257 ₦) | 526 ₦ | + 900% | |
| 1 box of antibiotics (12 doses) | ₩4,500 (1,478 ₦) | 1,787 ₦ | - 17% | |
| Short visit to private doctor (15 minutes) | ₩20,000 (6,567 ₦) | 15,152 ₦ | - 57% | |
| 1 box of 32 tampons (tampax, ob, ...) | ₩21,034 (6,907 ₦) | 1,295 ₦ | + 433% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | ₩10,694 (3,512 ₦) | 1,096 ₦ | + 220% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | ₩5,744 (1,886 ₦) | 1,223 ₦ | + 54% | |
| 4 rolls of toilet paper | ₩5,884 (1,932 ₦) | 604 ₦ | + 220% | |
| Tube of toothpaste | ₩3,228 (1,060 ₦) | 529 ₦ | + 100% | |
| Standard men's haircut in expat area of the city | ₩16,160 (5,306 ₦) | 1,631 ₦ | + 225% | |
| Entertainment | + 82% | |||
| Entertainment in South Korea is 82% more expensive than in Nigeria | ||||
| South Korea | Nigeria | Diff | ||
| Basic dinner out for two in neighborhood pub | ₩29,483 (9,681 ₦) | 5,323 ₦ | + 82% | |
| 2 tickets to the movies | ₩23,582 (7,744 ₦) | 5,345 ₦ | + 45% | |
| 2 tickets to the theater (best available seats) | ₩273,150 (89,694 ₦) | 19,661 ₦ | + 356% | |
| Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert | ₩65,687 (21,570 ₦) | 9,858 ₦ | + 119% | |
| 1 cocktail drink in downtown club | ₩40,981 (13,457 ₦) | 970 ₦ | + 1287% | |
| Cappuccino in expat area of the city | ₩6,037 (1,982 ₦) | 596 ₦ | + 233% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | ₩4,008 (1,316 ₦) | 579 ₦ | + 127% | |
| Ipad wi-fi 128gb | ₩688,756 (226,166 ₦) | 182,671 ₦ | + 24% | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | ₩150 (49 ₦) | 25 ₦ | + 100% | |
| 1 month of gym membership in business district | ₩68,568 (22,516 ₦) | 20,152 ₦ | + 12% | |
| 1 package of marlboro cigarettes | ₩4,500 (1,478 ₦) | 528 ₦ | + 180% | |
| TOTAL | + 52% | |||
This comparison has some inconsistent or sparse data. It already provides a reliable comparison but it is not bullet-proof. It is based on 751 prices entered by 126 different people.
These prices were last updated on May 22, 2022.
Exchange rate:
0.32837
NGN
/
KRW
*
Cost of living in South Korea is 52% more expensive than in Nigeria
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