Last update: Oct 2026

Cost of Living Comparison Between Akure and Cape Town

For one person, living is cheaper in Akure: $278 a month against $1,586 in Cape Town, rent and utilities included – about $15,700 less a year. Rent and utilities account for most of the difference.

14

Cost of Living Index in Akure
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Akure Living Index
77

Cost of Living Index in Cape Town
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Cape Town Living Index

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Akure

🇳🇬 Nigeria

$278

/mo nomad

Cape Town

🇿🇦 South Africa

$1,586

/mo nomad

Monthly Cost of Living

How much you'll spend in Akure and in Cape Town

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

A single person spends $278 per month in Akure vs $1,586 in Cape Town, rent included.

Akure $278
Cape Town $1,586

A couple spends around $449 per month in Akure vs $2,425 in Cape Town, rent included.

Akure $449
Cape Town $2,425

A family of three spends $620 per month in Akure vs $3,263 in Cape Town, rent included.

Akure $620
Cape Town $3,263

Akure is about 82% cheaper than Cape Town, and outside of rent the biggest gap is in groceries.

Akure sits 79% below the global median, while Cape Town is 17% above – they fall on opposite sides of the world average.

Meal at Budget Restaurant

$1.10 ₦1,462

$12.14 R 200

-90.94%

Three-Course Dinner for Two, Mid-Range

$8.87 ₦11.8K

$45.34 R 747

-80.44%

Fast Food Meal (McDonalds, etc)

$7.34 ₦9,767

$5.88 R 96.9

24.83%

Cappuccino

$2.73 ₦3,629

$2.50 R 41.18

9.20%

Coke/Pepsi/Fanta/Sprite (0.33 liter bottle)

$0.24 ₦320

$1.27 R 20.94

-81.10%

Water (0.33 liter bottle)

$0.15 ₦194

$0.98 R 16.14

-84.69%

Local Beer (0.5 liter draught)

$0.97 ₦1,294

$2.99 R 49.33

-67.56%

Imported Beer (0.33 liter bottle)

$2.03 ₦2,699

$3.72 R 61.4

-45.43%

Milk (1 liter)

$1.55 ₦2,059

$1.30 R 21.40

19.23%

White Bread (500g)

$0.63 ₦832

$1.25 R 20.68

-49.60%

Rice (white) (1kg)

$1.24 ₦1,650

$2.23 R 36.76

-44.39%

Eggs

$0.82 ₦1,086

$3.11 R 51.2

-73.63%

Local Cheese (1kg)

$3.45 ₦4,591

$9.06 R 149

-61.92%

Chicken Fillets (1kg)

$3.98 ₦5,299

$6.92 R 114

-42.49%

Beef Round Steak (1kg)

$2.29 ₦3,047

$9.30 R 153

-75.38%

Apples (1kg)

$1.54 ₦2,054

$1.84 R 30.25

-16.30%

Banana (1kg)

$0.76 ₦1,015

$1.96 R 32.29

-61.22%

Oranges (1kg)

$0.70 ₦927

$1.67 R 27.45

-58.08%

Tomato (1kg)

$0.89 ₦1,180

$2.17 R 35.70

-58.99%

Potato (1kg)

$0.80 ₦1,059

$1.57 R 25.81

-49.04%

Onion (1kg)

$0.96 ₦1,280

$1.48 R 24.45

-35.14%

Lettuce (1 head)

$0.83 ₦1,103

$1.30 R 21.41

-36.15%

Water (1.5 liter bottle)

$0.37 ₦487

$1.13 R 18.60

-67.26%

Cigarettes 20 Pack (Marlboro, Camel)

$0.59 ₦785

$3.60 R 59.3

-83.61%

Wine (Bottle)

$2.25 ₦2,991

$6.15 R 101

-63.41%

Local Beer (0.5 liter bottle)

$0.53 ₦707

$1.38 R 22.66

-61.59%

Imported Beer (0.33 liter bottle)

$0.47 ₦624

$2.14 R 35.20

-78.04%

One-way Ticket (Public Transport)

$1.50 R 24.65

Public Transport Monthly Pass (Regular Price)

$60.8 R 1,001

Taxi Start (Normal Tariff)

$0.65 ₦868

$0.59 R 9.71

10.17%

Taxi (Normal Tariff) (1km)

$0.98 ₦1,308

$1.50 R 24.65

-34.67%

Taxi 1hour Waiting (Normal Tariff)

$2.15 ₦2,860

$5.11 R 84.2

-57.93%

Gasoline (1 liter)

$0.18 ₦241

$1.55 R 25.50

-88.39%

Midsize Hatchback 1.4l (Volkswagen Golf, Toyota Prius, Honda Civic, etc)

$11.2K ₦14.9M

$36.2K R 596.5K

-69.13%

Compact Sedan 1.6l (Toyota Corolla, Mazda3, Kia K4, Hyundai Elantra, etc)

$13.9K ₦18.4M

$31.2K R 514.8K

-55.65%

Utilities for 2 People in 2-bedroom Apartment (Heating, Electricity, Gas, Water, Garbage) (85m2)

$11.11 ₦14.8K

$114 R 1,883

-90.28%

SIM Card Monthly Plan (Calls and 10GB+ Data)

$5.25 ₦6,978

$28.91 R 476

-81.84%

Internet (50+ Mbps, Unlimited Data)

$9.23 ₦12.3K

$39.73 R 654

-76.77%

Gym Membership (Monthly)

$49.01 R 808

Tennis Court (1 Hour on Weekend)

$10.99 R 181

Cinema Ticket

$6.21 ₦8,258

$9.15 R 151

-32.13%

Preschool or Kindergarten, Full Day, Private, 1 Child (Monthly)

$674 ₦896.4K

$259 R 4,264

160.38%

International Primary School, 1 Child (Yearly)

$19.8K ₦26.4M

$6,794 R 111.9K

191.82%

Jeans (Levis 501 Or Similar)

$14.94 ₦19.9K

$56.2 R 926

-73.41%

Summer Dress (H&M, Zara, etc)

$18.14 ₦24.1K

$32.41 R 534

-44.03%

Sport Shoes (Adidas, Nike)

$36.92 ₦49.1K

$121 R 1,987

-69.39%

Men's Leather Business Shoes

$49.18 ₦65.4K

$108 R 1,781

-54.50%

1-bedroom Apartment, City Center (Monthly)

$1,021 R 16.8K

1-bedroom Apartment, Outside City Center (Monthly)

$717 R 11.8K

3-bedroom Apartment, City Center (Monthly)

$1,824 R 30.1K

3-bedroom Apartment, Outside City Center (Monthly)

$1,327 R 21.9K

Buy Apartment in City Center (m2)

$2,391 R 39.4K

Buy Apartment Outside City Center (m2)

$1,542 R 25.4K

Average Monthly Net Salary (After Tax)

$37.22 ₦49.5K

$1,639 R 27.0K

-97.73%

20-Year Fixed Mortgage Interest Rate (Annual %)

18.39

10.97

67.64%

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

Last update for Akure: October 11, 2026

Last update for Cape Town: October 10, 2026

Monthly budget structure

Share of the monthly basket for one person, rent included.

Groceries & Markets

Akure

$107 38.4%

Cape Town

$225 14.2% 111% $118

Eating Out

Akure

$74 26.6%

Cape Town

$176 11.1% 138% $102

Clothing & Footwear

Akure

$54 19.3%

Cape Town

$143 9% 166% $89

Monthly Utilities & Internet

Akure

$26 9.2%

Cape Town

$183 11.5% 615% $157

Sport & Entertainment

Akure

$12 * 4.5%

Cape Town

$67 4.2% 442% $55

Getting Around

Akure

$5.6 * 2%

Cape Town

$75 4.7% 1243% $69

Accommodation & Living

Akure

- * 0%

Cape Town

$717 45.2%

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

Cost Breakdown

Salaries run about 4303% higher in Cape Town, which partly offsets the higher cost of living there. Purchasing power depends on which expenses matter most to you.

A mid-range dinner for two costs $9.00 in Akure versus $45.00 in Cape Town. Monthly groceries follow the same trend: $107 vs $225 – making Akure the more affordable choice for daily food spending.

Good to know

🇳🇬 Akure

🇿🇦 Cape Town

🕒 Local time

19:55 7:55 PM

20:55 8:55 PM

1 h ahead of Akure

🌤 Weather

👥 Population

387,087

3,740,026 Capital

💱 Currency

Nigerian Naira NGN ₦

South African Rand ZAR R

📈 Exchange rate

10,000 NGN = 7.52 USD

10,000 NGN = 6.69 EUR

100 ZAR = 6.07 USD

100 ZAR = 5.4 EUR

Exchange rates and currency converter

ZAR, USD, EUR to NGN – Nigerian Naira Converter

🇺🇸 United States Dollar ($)

🇳🇬 Nigerian Naira (₦)

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).

South African Rand exchange rates as of October 17, 2026: 1 USD = 16.48 ZAR (100 ZAR = 6.07 USD). 1 EUR = 18.52 ZAR (100 ZAR = 5.4 EUR).

USD to NGN in detail →

On the map

Lowest

Highest

Between locations

Akure Cape Town 4,790 km ≈ 6 h nonstop flight

From you

Akure
Cape Town

Distances are measured in a straight line. Your location is detected approximately.

City Median Internet Speeds Comparison (Updated April 2026)

The chart highlights the Precision Threshold for mobile and fixed broadband internet speeds, updated quarterly.

Digital Nomad Cost of Living Index

Akure vs Cape Town: Cost of Living - Frequently Asked Questions

Monthly costs with rent: $278 in Akure, $1,586 in Cape Town – roughly 470% apart. Outside of rent, the biggest gap is in groceries.

For a comfortable life, plan on about $417 per month in Akure and $2,379 in Cape Town. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

A mid-range dinner for two costs $9.00 in Akure and $45.00 in Cape Town. That's a good indicator of the overall restaurant and café pricing gap between the two cities.

Groceries cost about 111% more in Cape Town, though it depends on what you buy. Local produce may be comparable; imported and premium items show the biggest price gap.

A $2,000 monthly budget goes further in Akure, where all-in costs run around $278, than in Cape Town at $1,586. In Akure it covers expenses comfortably, while in Cape Town it requires careful planning or may not stretch far enough.

It depends on your priorities. Cape Town has an edge in some lifestyle areas, with costs from $278 in Akure to $1,586 in Cape Town. Climate, culture, job market, and personal taste all factor in.

If budget matters most, go with Akure. If higher salaries, better infrastructure, or specific career opportunities are the priority, Cape Town makes more sense. Both are solid long-term options with distinct trade-offs.