Cost of living in South Korea compared to Nigeria
Currency:
| Food | + 90% | |||
|---|---|---|---|---|
| Food in South Korea is 90% more expensive than in Nigeria | ||||
| Basic lunchtime menu (including a drink) in the business district | ₩9,411 (3,178 ₦) | 2,074 ₦ | + 53% | |
| Combo meal in fast food restaurant (big mac meal or similar) | ₩6,661 (2,249 ₦) | 2,369 ₦ | - 5% | |
| 500 gr (1 lb.) of boneless chicken breast | ₩5,558 (1,877 ₦) | 1,030 ₦ | + 82% | |
| 1 liter (1 qt.) of whole fat milk | ₩2,243 (758 ₦) | 752 ₦ | + 1% | |
| 12 eggs, large | ₩4,906 (1,657 ₦) | 708 ₦ | + 134% | |
| 1 kg (2 lb.) of tomatoes | ₩6,379 (2,154 ₦) | 533 ₦ | + 304% | |
| 500 gr (16 oz.) of local cheese | ₩13,015 (4,395 ₦) | 3,269 ₦ | + 34% | |
| 1 kg (2 lb.) of apples | ₩5,944 (2,007 ₦) | 847 ₦ | + 137% | |
| 1 kg (2 lb.) of potatoes | ₩3,678 (1,242 ₦) | 961 ₦ | + 29% | |
| 0.5 l (16 oz) domestic beer in the supermarket | ₩2,166 (732 ₦) | 440 ₦ | + 66% | |
| 1 bottle of red table wine, good quality | ₩22,522 (7,605 ₦) | 2,826 ₦ | + 169% | |
| 2 liters of coca-cola | ₩2,819 (952 ₦) | 306 ₦ | + 211% | |
| Bread for 2 people for 1 day | ₩2,980 (1,006 ₦) | 361 ₦ | + 178% | |
| Housing | + 87% | |||
| Housing in South Korea is 87% more expensive than in Nigeria | ||||
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area | ₩1,839,660 (621,248 ₦) | 427,015 ₦ | + 45% | |
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area | ₩1,187,480 (401,009 ₦) | 169,522 ₦ | + 137% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | ₩250,846 (84,710 ₦) | 31,646 ₦ | + 168% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area | ₩1,200,300 (405,338 ₦) | 125,257 ₦ | + 224% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area | ₩587,302 (198,330 ₦) | 115,758 ₦ | + 71% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio | ₩81,680 (27,583 ₦) | 21,205 ₦ | + 30% | |
| Internet 8 mbps (1 month) | ₩41,339 (13,960 ₦) | 9,971 ₦ | + 40% | |
| 40” flat screen tv | ₩352,573 (119,063 ₦) | 75,224 ₦ | + 58% | |
| Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) | ₩113,587 (38,358 ₦) | 31,266 ₦ | + 23% | |
| Laundry detergent (3 l. ~ 100 oz.) | ₩13,071 (4,414 ₦) | 1,281 ₦ | + 245% | |
| Hourly rate for cleaning help | ₩13,039 (4,403 ₦) | 1,000 ₦ | + 340% | |
| Clothes | + 78% | |||
| Clothes in South Korea is 78% more expensive than in Nigeria | ||||
| 1 pair of jeans (levis 501 or similar) | ₩41,844 (14,130 ₦) | 6,646 ₦ | + 113% | |
| 1 summer dress in a high street store (zara, h&m or similar retailers) | ₩52,250 (17,645 ₦) | 11,438 ₦ | + 54% | |
| 1 pair of sport shoes (nike, adidas, or equivalent brands) | ₩95,365 (32,204 ₦) | 16,911 ₦ | + 90% | |
| 1 pair of men’s leather business shoes | ₩173,054 (58,440 ₦) | 20,625 ₦ | + 183% | |
| Transportation | + 86% | |||
| Transportation in South Korea is 86% more expensive than in Nigeria | ||||
| Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new | ₩29,087,500 (9,822,764 ₦) | 7,702,020 ₦ | + 28% | |
| 1 liter (1/4 gallon) of gas | ₩1,439 (486 ₦) | 144 ₦ | + 237% | |
| Monthly ticket public transport | ₩80,931 (27,330 ₦) | 12,525 ₦ | + 118% | |
| Personal Care | + 110% | |||
| Personal Care in South Korea is 110% more expensive than in Nigeria | ||||
| Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) | ₩6,377 (2,153 ₦) | 1,669 ₦ | + 29% | |
| 1 box of antibiotics (12 doses) | ₩7,390 (2,496 ₦) | 2,343 ₦ | + 7% | |
| Short visit to private doctor (15 minutes) | ₩96,192 (32,484 ₦) | 15,181 ₦ | + 114% | |
| 1 box of 32 tampons (tampax, ob, ...) | ₩21,662 (7,315 ₦) | 1,323 ₦ | + 453% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | ₩8,130 (2,745 ₦) | 902 ₦ | + 204% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | ₩8,324 (2,811 ₦) | 1,815 ₦ | + 55% | |
| 4 rolls of toilet paper | ₩1,815 (613 ₦) | 354 ₦ | + 73% | |
| Tube of toothpaste | ₩2,204 (744 ₦) | 520 ₦ | + 43% | |
| Standard men's haircut in expat area of the city | ₩17,384 (5,871 ₦) | 2,337 ₦ | + 151% | |
| Entertainment | + 158% | |||
| Entertainment in South Korea is 158% more expensive than in Nigeria | ||||
| Basic dinner out for two in neighborhood pub | ₩33,460 (11,299 ₦) | 5,838 ₦ | + 94% | |
| 2 tickets to the movies | ₩20,876 (7,050 ₦) | 3,848 ₦ | + 83% | |
| 2 tickets to the theater (best available seats) | ₩165,595 (55,921 ₦) | 13,722 ₦ | + 308% | |
| Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert | ₩67,775 (22,887 ₦) | 27,860 ₦ | - 18% | |
| 1 cocktail drink in downtown club | ₩10,109 (3,414 ₦) | 2,455 ₦ | + 39% | |
| Cappuccino in expat area of the city | ₩5,000 (1,688 ₦) | 1,814 ₦ | - 7% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | ₩5,279 (1,783 ₦) | 511 ₦ | + 249% | |
| Ipad wi-fi 128gb | ₩669,053 (225,937 ₦) | 163,040 ₦ | + 39% | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | ₩1,500 (507 ₦) | 33 ₦ | + 1432% | |
| 1 month of gym membership in business district | ₩61,508 (20,771 ₦) | 16,561 ₦ | + 25% | |
| 1 package of marlboro cigarettes | ₩4,500 (1,520 ₦) | 541 ₦ | + 181% | |
| TOTAL | + 98% | |||
This comparison has some inconsistent or sparse data. It already provides a reliable comparison but it is not bullet-proof. It is based on 1,106 prices entered by 146 different people.
These prices were last updated on March 04, 2021.
Exchange rate:
0.33770
NGN
/
KRW
*
Cost of living in South Korea is 98% more expensive than in Nigeria
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