Cost of living in South Korea compared to Nigeria
Currency:
| Food | + 147% | |||
|---|---|---|---|---|
| Food in South Korea is 147% more expensive than in Nigeria | ||||
| South Korea | Nigeria | Diff | ||
| Basic lunchtime menu (including a drink) in the business district | ₩10,334 (11,638 ₦) | 6,197 ₦ | + 88% | |
| Combo meal in fast food restaurant (big mac meal or similar) | ₩8,035 (9,049 ₦) | 4,250 ₦ | + 113% | |
| 500 gr (1 lb.) of boneless chicken breast | ₩6,736 (7,587 ₦) | 3,207 ₦ | + 137% | |
| 1 liter (1 qt.) of whole fat milk | ₩2,944 (3,316 ₦) | 1,143 ₦ | + 190% | |
| 12 eggs, large | ₩5,238 (5,900 ₦) | 2,479 ₦ | + 138% | |
| 1 kg (2 lb.) of tomatoes | ₩5,867 (6,607 ₦) | 1,495 ₦ | + 342% | |
| 500 gr (16 oz.) of local cheese | ₩9,093 (10,241 ₦) | 5,933 ₦ | + 73% | |
| 1 kg (2 lb.) of apples | ₩9,825 (11,065 ₦) | 3,488 ₦ | + 217% | |
| 1 kg (2 lb.) of potatoes | ₩5,285 (5,952 ₦) | 2,733 ₦ | + 118% | |
| 0.5 l (16 oz) domestic beer in the supermarket | ₩2,686 (3,025 ₦) | 1,037 ₦ | + 192% | |
| 1 bottle of red table wine, good quality | ₩21,722 (24,465 ₦) | 9,593 ₦ | + 155% | |
| 2 liters of coca-cola | ₩2,526 (2,845 ₦) | 1,084 ₦ | + 162% | |
| Bread for 2 people for 1 day | ₩2,555 (2,878 ₦) | 1,323 ₦ | + 118% | |
| Housing | + 39% | |||
| Housing in South Korea is 39% more expensive than in Nigeria | ||||
| South Korea | Nigeria | Diff | ||
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area | ₩3,040,650 (3,424,556 ₦) | 2,222,680 ₦ | + 54% | |
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area | ₩1,699,100 (1,913,625 ₦) | 1,328,290 ₦ | + 44% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | ₩257,159 (289,627 ₦) | 153,894 ₦ | + 88% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area | ₩1,225,750 (1,380,510 ₦) | 844,148 ₦ | + 64% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area | ₩669,474 (754,000 ₦) | 754,176 ₦ | - 0% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio | ₩96,113 (108,248 ₦) | 240,561 ₦ | - 55% | |
| Internet 8 mbps (1 month) | ₩24,543 (27,642 ₦) | 28,675 ₦ | - 4% | |
| 40” flat screen tv | ₩338,066 (380,749 ₦) | 387,079 ₦ | - 2% | |
| Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) | ₩111,118 (125,148 ₦) | 126,450 ₦ | - 1% | |
| Laundry detergent (3 l. ~ 100 oz.) | ₩7,630 (8,593 ₦) | 2,193 ₦ | + 292% | |
| Hourly rate for cleaning help | ₩12,968 (14,606 ₦) | 2,985 ₦ | + 389% | |
| Clothes | + 286% | |||
| Clothes in South Korea is 286% more expensive than in Nigeria | ||||
| South Korea | Nigeria | Diff | ||
| 1 pair of jeans (levis 501 or similar) | ₩78,906 (88,869 ₦) | 17,024 ₦ | + 422% | |
| 1 summer dress in a high street store (zara, h&m or similar retailers) | ₩57,024 (64,223 ₦) | 15,682 ₦ | + 310% | |
| 1 pair of sport shoes (nike, adidas, or equivalent brands) | ₩97,327 (109,615 ₦) | 45,968 ₦ | + 138% | |
| 1 pair of men’s leather business shoes | ₩135,904 (153,063 ₦) | 50,000 ₦ | + 206% | |
| Transportation | + 111% | |||
| Transportation in South Korea is 111% more expensive than in Nigeria | ||||
| South Korea | Nigeria | Diff | ||
| Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new | ₩32,978,900 (37,142,742 ₦) | 5,000,000 ₦ | + 643% | |
| 1 liter (1/4 gallon) of gas | ₩1,629 (1,834 ₦) | 1,034 ₦ | + 77% | |
| Monthly ticket public transport | ₩60,908 (68,598 ₦) | 34,491 ₦ | + 99% | |
| Personal Care | + 287% | |||
| Personal Care in South Korea is 287% more expensive than in Nigeria | ||||
| South Korea | Nigeria | Diff | ||
| Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) | ₩4,544 (5,118 ₦) | 4,044 ₦ | + 27% | |
| 1 box of antibiotics (12 doses) | ₩6,387 (7,193 ₦) | 1,768 ₦ | + 307% | |
| Short visit to private doctor (15 minutes) | ₩200,000 (225,252 ₦) | 17,619 ₦ | + 1178% | |
| 1 box of 32 tampons (tampax, ob, ...) | ₩13,591 (15,307 ₦) | 4,474 ₦ | + 242% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | ₩4,678 (5,269 ₦) | 1,749 ₦ | + 201% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | ₩6,265 (7,057 ₦) | 3,834 ₦ | + 84% | |
| 4 rolls of toilet paper | ₩3,783 (4,260 ₦) | 2,923 ₦ | + 46% | |
| Tube of toothpaste | ₩1,945 (2,190 ₦) | 1,338 ₦ | + 64% | |
| Standard men's haircut in expat area of the city | ₩29,334 (33,038 ₦) | 3,631 ₦ | + 810% | |
| Entertainment | + 55% | |||
| Entertainment in South Korea is 55% more expensive than in Nigeria | ||||
| South Korea | Nigeria | Diff | ||
| Basic dinner out for two in neighborhood pub | ₩27,586 (31,069 ₦) | 43,872 ₦ | - 29% | |
| 2 tickets to the movies | ₩28,165 (31,721 ₦) | 11,069 ₦ | + 187% | |
| 2 tickets to the theater (best available seats) | ₩146,454 (164,945 ₦) | 15,224 ₦ | + 983% | |
| Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert | ₩70,398 (79,287 ₦) | 42,055 ₦ | + 89% | |
| 1 cocktail drink in downtown club | ₩10,074 (11,346 ₦) | 4,541 ₦ | + 150% | |
| Cappuccino in expat area of the city | ₩5,452 (6,141 ₦) | 3,331 ₦ | + 84% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | ₩4,789 (5,393 ₦) | 1,421 ₦ | + 280% | |
| Ipad wi-fi 128gb | ₩592,992 (667,862 ₦) | 298,218 ₦ | + 124% | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | ₩1,146 (1,290 ₦) | - | - | |
| 1 month of gym membership in business district | ₩62,437 (70,320 ₦) | 34,159 ₦ | + 106% | |
| 1 package of marlboro cigarettes | ₩4,500 (5,068 ₦) | 2,500 ₦ | + 103% | |
| TOTAL | + 87% | |||
This comparison is lacking data. It provides a decent comparison, but it is not yet reliable. It is based on 1,506 prices entered by 105 different people.
These prices were last updated on May 13, 2025.
Exchange rate:
1.126
NGN
/
KRW
*
Cost of living in South Korea is 87% more expensive than in Nigeria
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