Cost of Living · NG vs KR
🇳🇬 Lagos vs 🇰🇷 Seoul: what everyday life costs
Monthly essentials: $304 in Nigeria vs $1,390 in South Korea — 356.7% more expensive.
Biggest differences
Much cheaper in South Korea
- ⛽ Petrol/gasoline, 1L: 64.58%
- 🍻 Imported beer, 330ml bottle: 66%
- 👟 Running shoes (brand): 66.09%
Closest to Nigeria prices
- 🏡 Rent: 1-bedroom, outside center: +490.58%
- 🏙️ Rent: 1-bedroom, city center: +490.58%
- 🏢 Rent: 3-bedroom, city center: +490.57%
The full basket (32 items)
| Item | Nigeria | South Korea | Diff |
|---|---|---|---|
| Housing | |||
| 🏙️ Rent: 1-bedroom, city center | $159 | $937 (1,332,671 KRW) | +490.58% |
| 🏡 Rent: 1-bedroom, outside center | $127 | $750 (1,066,134 KRW) | +490.58% |
| 🏢 Rent: 3-bedroom, city center | $290 | $1,713 (2,436,897 KRW) | +490.57% |
| Food out | |||
| 🍜 Meal, inexpensive restaurant | $2.73 | $11.02 (15,675 KRW) | +303.66% |
| 🍽️ Dinner for two, mid-range | $11.37 | $45.90 (65,290 KRW) | +303.69% |
| 🍔 Fast-food combo meal | $1.98 | $7.04 (10,014 KRW) | +255.56% |
| Groceries | |||
| 🥛 Milk, 1L | $0.28 | $0.77 (1,095 KRW) | +175% |
| 🍞 Bread, fresh loaf 500g | $0.81 | $2.24 (3,186 KRW) | +176.54% |
| 🥚 Eggs, dozen | $0.86 | $2.38 (3,385 KRW) | +176.74% |
| 🍗 Chicken breast, 1kg | $2.54 | $7.00 (9,957 KRW) | +175.59% |
| 🍚 White rice, 1kg | $1.01 | $2.80 (3,983 KRW) | +177.23% |
| 🍎 Apples, 1kg | $1.22 | $3.36 (4,779 KRW) | +175.41% |
| 🧀 Local cheese, 1kg | $3.04 | $8.40 (11,949 KRW) | +176.32% |
| 💧 Water, 1.5L bottle | $0.51 | $1.40 (1,991 KRW) | +174.51% |
| Drinks | |||
| 🍺 Domestic beer, pint (draught) | $0.91 | $3.67 (5,220 KRW) | +303.3% |
| 🍻 Imported beer, 330ml bottle | $4.03 | $6.69 (9,516 KRW) | +66% |
| ☕ Cappuccino | $0.76 | $3.06 (4,353 KRW) | +302.63% |
| 🥤 Coke/Pepsi, 330ml | $0.58 | $1.61 (2,290 KRW) | +177.59% |
| Transport | |||
| 🚇 Public transport, monthly pass | $11.70 | $41.60 (59,174 KRW) | +255.56% |
| 🎫 Public transport, one-way | $0.50 | $1.76 (2,504 KRW) | +252% |
| 🚕 Taxi start (normal tariff) | $0.61 | $2.45 (3,485 KRW) | +301.64% |
| 🛣️ Taxi, per km | $0.27 | $1.10 (1,565 KRW) | +307.41% |
| ⛽ Petrol/gasoline, 1L | $0.48 | $0.79 (1,124 KRW) | +64.58% |
| Utilities & comms | |||
| 💡 Basic utilities, 85m² apartment | $36.00 | $128 (182,072 KRW) | +255.56% |
| 🌐 Internet, 60Mbps+ unlimited | $12.60 | $44.80 (63,725 KRW) | +255.56% |
| 📱 Mobile plan, 10GB+ data | $8.10 | $28.80 (40,966 KRW) | +255.56% |
| Lifestyle | |||
| 🏋️ Gym membership, month | $7.58 | $30.60 (43,527 KRW) | +303.69% |
| 🎬 Cinema seat | $2.12 | $8.57 (12,190 KRW) | +304.25% |
| 💈 Men's haircut | $4.55 | $18.36 (26,116 KRW) | +303.52% |
| 👖 Jeans (mid-range brand) | $27.70 | $46.01 (65,447 KRW) | +66.1% |
| 👟 Running shoes (brand) | $45.33 | $75.29 (107,096 KRW) | +66.09% |
| 💻 Coworking hot desk, month | $37.91 | $153 (217,662 KRW) | +303.64% |
Estimated from World Bank — Consumption price levels with per-item elasticity — model figures, not quotes. Compare any pair in the interactive tool.
Related
Frequently asked questions
- How much more expensive is South Korea than Nigeria?
- A single person's monthly essentials run about $1,390 in South Korea versus $304 in Nigeria — 356.7% more. Rents differ the most; world-priced goods like petrol and electronics the least.
- What does a beer cost in South Korea?
- A domestic draught pint is roughly $3.67 in South Korea (≈ 5220.36 KRW), versus about $0.91 in Nigeria.
- How much is rent in South Korea compared to Nigeria?
- A 1-bedroom city-center apartment is estimated at $937/month in South Korea versus $159/month in Nigeria (+490.58%). Housing is the most locally-priced item in the basket.
- How are these prices estimated?
- Curated US baseline prices scaled by each country's purchasing-power price level with per-item elasticities (housing 1.4, services 1.1, groceries 0.8, world-priced goods 0.4) — model estimates for orientation, not quotes.