Last update: Oct 2026 Nigeria 387.1K

Cost of Living in Akure

For one person, living costs in Akure are estimated at $278 a month, including rent and utilities – 63% below the national average. Rent and utilities take less than a third of the total.

Monthly Cost of Living

How much you'll spend in Akure

Real prices from locals and on-the-ground checks – rent, groceries, transit and the daily extras. Here's what a month in Akure actually costs, broken down by who's living it.

A single person spends around $278 per month with rent, or $267 for everyday expenses alone.

$278 /mo

A couple spends around $449 per month with rent, or $438 for everyday expenses alone.

$449 /mo

A family of three spends around $620 per month with rent, or $609 without housing.

$620 /mo

Overall, Akure is about 79% below the global median. Within Africa, costs are well below average (69% lower) – one of the most affordable options in the region.

Currency
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🍽 Eating Out
Cost
Range
Meal at Budget Restaurant
$1.10 ₦1,462
$1.10 ₦1,462
$5.13 ₦6,818
Three-Course Dinner for Two, Mid-Range
$8.87 ₦11.8K
$8.87 ₦11.8K
$98.4 ₦130.8K
Fast Food Meal (McDonalds, etc)
$7.34 ₦9,767
$4.89 ₦6,499
$9.78 ₦13.0K
Cappuccino
$2.73 ₦3,629
$0.97 ₦1,292
$4.39 ₦5,838
Coke/Pepsi/Fanta/Sprite (0.33 liter bottle)
$0.24 ₦320
$0.24 ₦320
$0.60 ₦793
Water (0.33 liter bottle)
$0.15 ₦194
$0.15 ₦194
$0.39 ₦518
Local Beer (0.5 liter draught)
$0.97 ₦1,294
$0.62 ₦828
$1.96 ₦2,601
Imported Beer (0.33 liter bottle)
$2.03 ₦2,699
$1.37 ₦1,826
$3.04 ₦4,042
🛒 Groceries & Markets
Cost
Range
Milk (1 liter)
$1.55 ₦2,059
$1.55 ₦2,059
$4.63 ₦6,163
White Bread (500g)
$0.63 ₦832
$0.63 ₦832
$2.09 ₦2,787
Rice (white) (1kg)
$1.24 ₦1,650
$0.77 ₦1,023
$6.17 ₦8,209
Eggs
$0.82 ₦1,086
$0.82 ₦1,086
$2.76 ₦3,677
Local Cheese (1kg)
$3.45 ₦4,591
$1.83 ₦2,438
$8.81 ₦11.7K
Chicken Fillets (1kg)
$3.98 ₦5,299
$3.45 ₦4,594
$10.22 ₦13.6K
Beef Round Steak (1kg)
$2.29 ₦3,047
$1.11 ₦1,471
$9.82 ₦13.1K
Apples (1kg)
$1.54 ₦2,054
$0.92 ₦1,224
$2.06 ₦2,735
Banana (1kg)
$0.76 ₦1,015
$0.61 ₦812
$5.10 ₦6,779
Oranges (1kg)
$0.70 ₦927
$0.24 ₦314
$2.71 ₦3,598
Tomato (1kg)
$0.89 ₦1,180
$0.37 ₦498
$1.49 ₦1,980
Potato (1kg)
$0.80 ₦1,059
$0.72 ₦957
$1.80 ₦2,398
Onion (1kg)
$0.96 ₦1,280
$0.59 ₦784
$1.85 ₦2,455
Lettuce (1 head)
$0.83 ₦1,103
$0.36 ₦482
$1.36 ₦1,812
Water (1.5 liter bottle)
$0.37 ₦487
$0.25 ₦333
$0.65 ₦871
Cigarettes 20 Pack (Marlboro, Camel)
$0.59 ₦785
$0.39 ₦523
$0.78 ₦1,033
Wine (Bottle)
$2.25 ₦2,991
$1.80 ₦2,396
$4.50 ₦5,983
Local Beer (0.5 liter bottle)
$0.53 ₦707
$0.24 ₦313
$0.77 ₦1,020
Imported Beer (0.33 liter bottle)
$0.47 ₦624
$0.22 ₦299
$0.73 ₦974
🚌 Getting Around
Cost
Range
Taxi Start (Normal Tariff)
$0.65 ₦868
$0.36 ₦485
$0.94 ₦1,250
Taxi (Normal Tariff) (1km)
$0.98 ₦1,308
$0.63 ₦835
$1.58 ₦2,101
Taxi 1hour Waiting (Normal Tariff)
$2.15 ₦2,860
$1.49 ₦1,981
$3.72 ₦4,946
Gasoline (1 liter)
$0.18 ₦241
$0.18 ₦241
$1.19 ₦1,579
Midsize Hatchback 1.4l (Volkswagen Golf, Toyota Prius, Honda Civic, etc)
$11.2K ₦14.9M
$5,960 ₦7.9M
$11.9K ₦15.9M
Compact Sedan 1.6l (Toyota Corolla, Mazda3, Kia K4, Hyundai Elantra, etc)
$13.9K ₦18.4M
$11.4K ₦15.2M
$21.4K ₦28.4M
🧾 Monthly Utilities & Internet
Cost
Range
Utilities for 2 People in 2-bedroom Apartment (Heating, Electricity, Gas, Water, Garbage) (85m2)
$11.11 ₦14.8K
$11.11 ₦14.8K
$246 ₦327.8K
SIM Card Monthly Plan (Calls and 10GB+ Data)
$5.25 ₦6,978
$5.25 ₦6,978
$48.75 ₦64.8K
Internet (50+ Mbps, Unlimited Data)
$9.23 ₦12.3K
$9.23 ₦12.3K
$77.0 ₦102.4K
🎉 Sport & Entertainment
Cost
Range
Cinema Ticket
$6.21 ₦8,258
$4.49 ₦5,973
$7.86 ₦10.5K
🧸 Childcare & Education
Cost
Range
Preschool or Kindergarten, Full Day, Private, 1 Child (Monthly)
$674 ₦896.4K
$26.57 ₦35.3K
$2,376 ₦3.2M
International Primary School, 1 Child (Yearly)
$19.8K ₦26.4M
$3,399 ₦4.5M
$32.2K ₦42.8M
👕👟 Clothing & Footwear
Cost
Range
Jeans (Levis 501 Or Similar)
$14.94 ₦19.9K
$9.19 ₦12.2K
$22.99 ₦30.6K
Summer Dress (H&M, Zara, etc)
$18.14 ₦24.1K
$7.51 ₦9,986
$48.82 ₦64.9K
Sport Shoes (Adidas, Nike)
$36.92 ₦49.1K
$21.32 ₦28.4K
$76.0 ₦101.1K
Men's Leather Business Shoes
$49.18 ₦65.4K
$19.02 ₦25.3K
$152 ₦202.5K
💵 Salaries & Financials
Cost
Range
Average Monthly Net Salary (After Tax)
$37.22 ₦49.5K
-
20-Year Fixed Mortgage Interest Rate (Annual %)
18.39
18
20

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

Last update: October 11, 2026

Monthly budget structure
Share of the monthly basket for one person, rent included.
Akure $278
Groceries & Markets
$107
Eating Out
$74
Clothing & Footwear
$54
Monthly Utilities & Internet
$26
Sport & Entertainment
$12 *
Getting Around
$5.6 *

Categories marked with * are only partly priced – their share counts the items that do have prices.

Cost Breakdown

The average net salary is $37.22 – below monthly costs of $278. Most locals rely on shared housing or dual incomes. Remote workers earning abroad will find stronger purchasing power.

Groceries cost around $107 per month for one person. A mid-range dinner for two is priced at $9.00 – well below the African average of $41.00.

Cost Highlights

Akure has the 8th cheapest imported beer worldwide

Akure has the 8th lowest average monthly net salary worldwide

Akure has the cheapest eggs in Africa

Good to know
🕒 Local time
11:08 11:08 AM
🌤 Weather
👥 Population
387,087
💱 Currency
Exchange rates and currency converter

USD, EUR to NGN – Nigerian Naira Converter

Nigerian Naira exchange rates as of October 17, 2026: 1 USD = 1,330 NGN (10,000 NGN = 7.52 USD). 1 EUR = 1,496 NGN (10,000 NGN = 6.69 EUR).

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Akure Median Internet Speeds (Updated April 2026)

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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 $278, 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 affordable relative to income in Akure?
Rent in Akure eats up about 0% of a typical income – well under the 30% international benchmark. That leaves plenty of room for other expenses, saving, and actually enjoying life, which is a big part of why the city scores well on affordability.
What income level supports a comfortable lifestyle in Akure?
In Akure, $417 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.
What is a typical monthly food budget in Akure?
Groceries in Akure are cheap – a single person spends about $107 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 $107 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 $278, 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 $674 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 $278 per month with rent, it sits well below the global average for cities of similar size.

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