Cost of Living in Akure - Updated Prices & Insights

Monthly Cost of Living

A single person spends around $656 per month with rent, or $389 for everyday expenses alone.

A couple spends around $1,052 per month with rent, or $638 for everyday expenses alone.

A family of three spends around $1,449 per month with rent, or $887 without housing.

Overall, Akure is about 51% below the global median. Within Africa, costs are well below average (35% lower) – one of the most affordable options in the region.

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🍽 Eating Out
Cost
Range
Meal at Budget Restaurant
$1.49 ₦2,057
$0.80 ₦1,106
$4.64 ₦6,395
Three-Course Dinner for Two, Mid-Range
$17.07 ₦23.5K
$17.07 ₦23.5K
$99.2 ₦136.8K
Fast Food Meal (McDonalds, etc)
$5.22 ₦7,196
$4.42 ₦6,089
$9.80 ₦13.5K
Cappuccino
$2.18 ₦3,010
$1.01 ₦1,394
$4.03 ₦5,561
Coke/Pepsi/Fanta/Sprite (0.33 liter bottle)
$0.33 ₦459
$0.25 ₦341
$0.76 ₦1,049
Water (0.33 liter bottle)
$0.22 ₦304
$0.16 ₦217
$0.52 ₦723
Local Beer (0.5 liter draught)
$0.86 ₦1,179
$0.50 ₦690
$2.09 ₦2,876
Imported Beer (0.33 liter bottle)
$1.38 ₦1,904
$0.89 ₦1,229
$2.94 ₦4,051
🛒 Groceries & Markets
Cost
Range
Milk (1 liter)
$2.05 ₦2,820
$1.28 ₦1,767
$3.92 ₦5,397
White Bread (500g)
$0.99 ₦1,358
$0.39 ₦543
$1.97 ₦2,717
Rice (white) (1kg)
$2.23 ₦3,076
$1.00 ₦1,376
$3.86 ₦5,316
Eggs
$1.78 ₦2,454
$1.26 ₦1,731
$3.25 ₦4,483
Local Cheese (1kg)
$6.38 ₦8,787
$2.87 ₦3,952
$15.75 ₦21.7K
Chicken Fillets (1kg)
$4.12 ₦5,683
$2.77 ₦3,820
$6.48 ₦8,927
Beef Round Steak (1kg)
$5.45 ₦7,505
$3.24 ₦4,467
$8.45 ₦11.6K
Apples (1kg)
$3.44 ₦4,738
$1.30 ₦1,795
$6.44 ₦8,869
Banana (1kg)
$2.13 ₦2,933
$1.03 ₦1,417
$5.14 ₦7,085
Oranges (1kg)
$2.00 ₦2,757
$0.38 ₦529
$7.71 ₦10.6K
Tomato (1kg)
$1.62 ₦2,236
$0.62 ₦848
$3.90 ₦5,374
Potato (1kg)
$1.41 ₦1,941
$0.97 ₦1,339
$3.76 ₦5,181
Onion (1kg)
$1.91 ₦2,628
$1.03 ₦1,413
$3.41 ₦4,706
Lettuce (1 head)
$1.93 ₦2,662
$0.63 ₦869
$4.05 ₦5,583
Water (1.5 liter bottle)
$0.39 ₦532
$0.26 ₦360
$1.35 ₦1,856
Cigarettes 20 Pack (Marlboro, Camel)
$1.25 ₦1,717
$0.97 ₦1,342
$1.46 ₦2,013
Wine (Bottle)
$2.11 ₦2,911
$1.46 ₦2,012
$4.94 ₦6,802
Local Beer (0.5 liter bottle)
$0.67 ₦929
$0.39 ₦535
$0.89 ₦1,225
Imported Beer (0.33 liter bottle)
$0.94 ₦1,295
$0.53 ₦726
$1.56 ₦2,150
🚌 Getting Around
Cost
Range
One-way Ticket (Public Transport)
$0.25 ₦344
-
Taxi Start (Normal Tariff)
$1.20 ₦1,655
$0.55 ₦760
$1.61 ₦2,225
Taxi (Normal Tariff) (1km)
$2.15 ₦2,957
$1.00 ₦1,384
$2.65 ₦3,656
Taxi 1hour Waiting (Normal Tariff)
$4.61 ₦6,354
$2.77 ₦3,820
$6.38 ₦8,792
Gasoline (1 liter)
$0.47 ₦651
$0.42 ₦580
$0.87 ₦1,202
Midsize Hatchback 1.4l (Volkswagen Golf, Toyota Prius, Honda Civic, etc)
$20.1K ₦27.7M
$12.9K ₦17.7M
$24.7K ₦34.0M
Compact Sedan 1.6l (Toyota Corolla, Mazda3, Kia K4, Hyundai Elantra, etc)
$20.3K ₦27.9M
$19.1K ₦26.3M
$26.6K ₦36.7M
🧾 Monthly Utilities & Internet
Cost
Range
Utilities for 2 People in 2-bedroom Apartment (Heating, Electricity, Gas, Water, Garbage) (85m2)
$21.18 ₦29.2K
$21.18 ₦29.2K
$78.7 ₦108.5K
SIM Card Monthly Plan (Calls and 10GB+ Data)
$9.90 ₦13.6K
$3.82 ₦5,260
$13.46 ₦18.6K
Internet (50+ Mbps, Unlimited Data)
$17.13 ₦23.6K
$17.13 ₦23.6K
$52.4 ₦72.2K
🎉 Sport & Entertainment
Cost
Range
Cinema Ticket
$6.16 ₦8,494
$5.37 ₦7,395
$7.57 ₦10.4K
🧸 Childcare & Education
Cost
Range
Preschool or Kindergarten, Full Day, Private, 1 Child (Monthly)
$67.0 ₦92.3K
$39.42 ₦54.3K
$173 ₦238.5K
International Primary School, 1 Child (Yearly)
$2,338 ₦3.2M
$735 ₦1.0M
$4,415 ₦6.1M
👕👟 Clothing & Footwear
Cost
Range
Jeans (Levis 501 Or Similar)
$19.59 ₦27.0K
$12.92 ₦17.8K
$40.58 ₦55.9K
Summer Dress (H&M, Zara, etc)
$25.09 ₦34.6K
$11.49 ₦15.8K
$54.0 ₦74.4K
Sport Shoes (Adidas, Nike)
$65.1 ₦89.8K
$17.09 ₦23.5K
$130 ₦179.4K
Men's Leather Business Shoes
$56.1 ₦77.3K
$23.33 ₦32.1K
$114 ₦157.4K
🏠 Accommodation & Living
Cost
Range
1-bedroom Apartment, City Center (Monthly)
$401 ₦552.8K
-
1-bedroom Apartment, Outside City Center (Monthly)
$268 ₦368.8K
-
3-bedroom Apartment, City Center (Monthly)
$668 ₦920.2K
-
3-bedroom Apartment, Outside City Center (Monthly)
$521 ₦718.0K
-
💵 Salaries & Financials
Cost
Range
Average Monthly Net Salary (After Tax)
$36.82 ₦50.7K
-
20-Year Fixed Mortgage Interest Rate (Annual %)
16.33
9
22

CityCost data is based on AI and user input – minor inaccuracies may occur.

Last update: July 13, 2026

Cost Breakdown

A one-bedroom apartment in the city center costs around $401, dropping to $268 outside central areas. Housing accounts for roughly 1090% of the average salary ($36.82) – well above the 30% international benchmark.

The average net salary is $36.82 – below monthly costs of $656. Most locals rely on shared housing or dual incomes. Remote workers earning abroad will find stronger purchasing power.

Groceries cost around $178 per month for one person. A mid-range dinner for two is priced at $17.00 – well below the African average of $42.00.

Cost Highlights

Akure has the 9th lowest average monthly net salary worldwide

Akure has the 9th cheapest meal at budget restaurant in Africa

Local beer is cheaper than 97% of cities in Africa

Akure Median Internet Speeds (Updated April 2026)

Mobile

Download
Mbps
Upload
Mbps
Latency
ms

Fixed Broadband

Download
Mbps
Upload
Mbps
Latency
ms
The chart highlights the Precision Threshold for mobile and fixed broadband internet speeds, updated quarterly.
Digital Nomad Cost of Living Index
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Cost of Living in Akure - Frequently Asked Questions
Is Akure affordable for travelers, expats, and digital nomads, and how does it compare on value to bigger Nigerian cities?
Akure offers a practical balance of value and pace for travelers, expats, and digital nomads. You'll find modest apartments and guesthouses that are more affordable than Lagos or Abuja, plus markets and street-food options that let you eat well without overspending. Neighborhoods range from quiet residential streets to central pockets with easy access to shops and transit, helping you keep commuting costs reasonable. Compared with larger cities, the Cost of Living in Akure, Nigeria tends to be moderate, especially if you space out stays and watch utility usage. Tip: Start with a short-term stay to test neighborhoods, then negotiate longer leases once you know your routine.
What should you know about daily life in Akure, from housing search to eating and getting around?
Daily life in Akure revolves around markets, casual eateries, and manageable commutes. Your housing search tends to be through local listings and agents, with options from simple rooms to self-contained flats near campuses or town centers. Food options range from palm-oil stews and suya to fresh fruit and prepared meals at affordable prices. Transport includes taxis, public buses, and ride-hailing apps; many people also use motorcycles for quick hops. As you map the Akure, Nigeria living cost across housing, meals, and transport, you’ll see how it scales with neighborhood choice. Tip: Take a few days to sample a few neighborhoods and note how amenities, safety, and noise align with your work or study rhythm.
What quality of life considerations and budgeting strategies help you settle in Akure and save, considering seasonality and neighborhood fit?
Quality of life in Akure balances climate, community, and access to services, with daily satisfaction shaped by neighborhood fit and your routines. You can use a simple budgeting framework, such as 50/30/20, to allocate money toward rent, utilities, food, and a cushion for transport or emergencies. Seasonality matters: dry and wet seasons influence travel times, power reliability, and outdoor plans, so plan ahead for rain gear or heat breaks. Smart saving tips include cooking at home several meals a week, choosing a neighborhood with walkable amenities, and negotiating longer leases for favorable terms. Tip: Build a short-term trial in a few areas to test internet reliability and daily rhythms before committing long-term.
Is Akure a cheap city to live in for foreigners?
By most standards, Akure is a budget-friendly place to live. Total monthly costs with rent usually land around $656, and both housing and daily expenses fall below global averages. It's a solid pick for remote workers, long-term travelers, or anyone watching their spending.
Is rent in Akure too high relative to local incomes?
Housing in Akure takes a heavy bite – about 1090% of a typical income, which is above the 30% international benchmark. That squeezes the budget for everything else and is one of the main pain points for residents here.
What income level supports a comfortable lifestyle in Akure?
In Akure, $983 per month is what most people would call a good salary. It handles rent, food, and utilities with enough left for savings and the occasional splurge. Above that, you unlock better apartments and more freedom with spending.
Is Akure a good place to find cheap rent?
Rent is one of the biggest advantages of living in Akure – 1-bedroom apartments range from $268 to $401 per month, and even central neighborhoods stay accessible on modest incomes. Cheap housing frees up cash for everything else.
What is a typical monthly food budget in Akure?
Groceries in Akure are cheap – a single person spends about $178 per month. Local markets and budget supermarkets push costs even lower. Food is one of the city's strongest affordability points.
What is a typical monthly grocery bill in Akure?
Food in Akure is genuinely cheap. A single person's grocery bill runs about $178 per month, and local markets and street vendors push costs even lower. Cooking at home is easy and affordable, and eating out at local spots won't break the bank either.
Does $1,200 cover living expenses in Akure?
$1,200 a month in Akure? Very doable. Average costs with rent come to just $656, which leaves real room to save, eat out, and enjoy the city without watching every dollar.
Is Akure a good place to raise kids?
Akure is a solid pick for families. Childcare runs about $67.0 per month, and there's good access to parks, schools, and family-oriented services. Most neighborhoods are safe and walkable, which makes daily family life practical.
Is Akure budget-friendly for long-term stays?
Akure is affordable by most measures, which is why it appeals to long-term travelers, remote workers, and budget-conscious residents. At $656 per month with rent, it sits well below the global average for cities of similar size.

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