Last update: Oct 2026

Cost of Living Comparison Between Budapest and Ibadan

For one person, living is cheaper in Ibadan: $255 a month against $1,619 in Budapest, rent and utilities included – about $16,400 less a year. Rent and utilities account for about half of the difference.

79

Cost of Living Index in Budapest
Learn more

Budapest Living Index
12

Cost of Living Index in Ibadan
Learn more

Ibadan Living Index

Jump to prices

Budapest

🇭🇺 Hungary

$1,619

/mo nomad

Ibadan

🇳🇬 Nigeria

$255

/mo nomad

Monthly Cost of Living

How much you'll spend in Budapest and in Ibadan

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

A single person spends $1,619 per month in Budapest vs $255 in Ibadan, rent included.

Budapest $1,619
Ibadan $255

A couple spends around $2,524 per month in Budapest vs $571 in Ibadan, rent included.

Budapest $2,524
Ibadan $571

A family of three spends $3,429 per month in Budapest vs $887 in Ibadan, rent included.

Budapest $3,429
Ibadan $887

Budapest costs about 534% more than Ibadan, and outside of rent the biggest gap is in eating out.

Budapest sits 20% above the global median, while Ibadan is 81% below – they fall on opposite sides of the world average.

Meal at Budget Restaurant

$13.94 Ft 4,503

$1.11 ₦1,481

1155.86%

Three-Course Dinner for Two, Mid-Range

$61.2 Ft 19.8K

$30.33 ₦40.3K

101.85%

Fast Food Meal (McDonalds, etc)

$10.19 Ft 3,291

$6.22 ₦8,276

63.83%

Cappuccino

$3.26 Ft 1,055

$0.80 ₦1,058

307.50%

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

$2.14 Ft 690

$0.22 ₦293

872.73%

Water (0.33 liter bottle)

$1.78 Ft 577

$0.14 ₦180

1171.43%

Local Beer (0.5 liter draught)

$3.71 Ft 1,198

$0.59 ₦786

528.81%

Imported Beer (0.33 liter bottle)

$3.77 Ft 1,217

$1.15 ₦1,534

227.83%

Milk (1 liter)

$1.15 Ft 371

$0.58 ₦776

98.28%

White Bread (500g)

$1.79 Ft 578

$0.60 ₦803

198.33%

Rice (white) (1kg)

$2.49 Ft 804

$1.15 ₦1,524

116.52%

Eggs

$3.90 Ft 1,261

$1.55 ₦2,055

151.61%

Local Cheese (1kg)

$11.10 Ft 3,587

$3.59 ₦4,774

209.19%

Chicken Fillets (1kg)

$6.62 Ft 2,139

$4.02 ₦5,342

64.68%

Beef Round Steak (1kg)

$14.69 Ft 4,745

$0.71 ₦951

1969.01%

Apples (1kg)

$1.83 Ft 591

$1.65 ₦2,198

10.91%

Banana (1kg)

$2.05 Ft 661

$1.29 ₦1,712

58.91%

Oranges (1kg)

$2.37 Ft 765

$1.10 ₦1,457

115.45%

Tomato (1kg)

$3.90 Ft 1,260

$0.29 ₦385

1244.83%

Potato (1kg)

$0.99 Ft 320

$0.58 ₦773

70.69%

Onion (1kg)

$1.00 Ft 322

$0.24 ₦320

316.67%

Lettuce (1 head)

$1.58 Ft 511

$0.22 ₦291

618.18%

Water (1.5 liter bottle)

$0.67 Ft 216

$0.12 ₦159

458.33%

Cigarettes 20 Pack (Marlboro, Camel)

$7.96 Ft 2,572

$0.59 ₦781

1249.15%

Wine (Bottle)

$6.22 Ft 2,009

$1.15 ₦1,533

440.87%

Local Beer (0.5 liter bottle)

$1.27 Ft 411

$0.39 ₦523

225.64%

Imported Beer (0.33 liter bottle)

$2.03 Ft 654

$0.47 ₦621

331.91%

One-way Ticket (Public Transport)

$1.52 Ft 490

$0.12 ₦164

1166.67%

Public Transport Monthly Pass (Regular Price)

$28.02 Ft 9,053

Taxi Start (Normal Tariff)

$3.31 Ft 1,070

$0.66 ₦872

401.52%

Taxi (Normal Tariff) (1km)

$1.37 Ft 442

$0.59 ₦781

132.20%

Taxi 1hour Waiting (Normal Tariff)

$19.83 Ft 6,406

$1.10 ₦1,467

1702.73%

Gasoline (1 liter)

$1.82 Ft 589

$0.53 ₦703

243.40%

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

$29.8K Ft 9.6M

$4,189 ₦5.6M

611.30%

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

$33.8K Ft 10.9M

$13.7K ₦18.2M

147.28%

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

$171 Ft 55.3K

$11.16 ₦14.8K

1433.33%

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

$23.51 Ft 7,596

$3.87 ₦5,145

507.49%

Internet (50+ Mbps, Unlimited Data)

$23.29 Ft 7,526

$8.59 ₦11.4K

171.13%

Gym Membership (Monthly)

$67.5 Ft 21.8K

$22.27 ₦29.6K

203.23%

Tennis Court (1 Hour on Weekend)

$18.89 Ft 6,104

Cinema Ticket

$9.30 Ft 3,004

$1.48 ₦1,972

528.38%

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

$533 Ft 172.3K

$49.51 ₦65.8K

977.20%

International Primary School, 1 Child (Yearly)

$16.8K Ft 5.4M

$631 ₦839.5K

2554.96%

Jeans (Levis 501 Or Similar)

$99.6 Ft 32.2K

$12.18 ₦16.2K

717.82%

Summer Dress (H&M, Zara, etc)

$43.49 Ft 14.0K

$5.77 ₦7,674

653.73%

Sport Shoes (Adidas, Nike)

$110 Ft 35.7K

$15.36 ₦20.4K

618.49%

Men's Leather Business Shoes

$119 Ft 38.4K

$21.34 ₦28.4K

457.50%

1-bedroom Apartment, City Center (Monthly)

$830 Ft 268.3K

$125 ₦166.4K

563.75%

1-bedroom Apartment, Outside City Center (Monthly)

$622 Ft 200.9K

$46.64 ₦62.0K

1233.47%

3-bedroom Apartment, City Center (Monthly)

$1,594 Ft 514.9K

$454 ₦603.2K

251.39%

3-bedroom Apartment, Outside City Center (Monthly)

$1,170 Ft 378.1K

$305 ₦406.0K

283.45%

Buy Apartment in City Center (m2)

$5,832 Ft 1.9M

$880 ₦1.2M

562.58%

Buy Apartment Outside City Center (m2)

$3,889 Ft 1.3M

$29.82 ₦39.7K

12940.98%

Average Monthly Net Salary (After Tax)

$1,651 Ft 533.4K

$56.6 ₦75.3K

2816.16%

20-Year Fixed Mortgage Interest Rate (Annual %)

6.45

18.39

-64.93%

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

Last update for Budapest: October 13, 2026

Last update for Ibadan: October 10, 2026

Monthly budget structure

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

Accommodation & Living

Budapest

$622 38.4%

Ibadan

$47 18.3% 92.5% $575

Groceries & Markets

Budapest

$258 15.9%

Ibadan

$87 34.2% 66.2% $171

Eating Out

Budapest

$223 13.8%

Ibadan

$44 17.2% 80.4% $179

Monthly Utilities & Internet

Budapest

$218 13.5%

Ibadan

$24 9.3% 89.2% $194

Clothing & Footwear

Budapest

$168 10.4%

Ibadan

$25 9.6% 85.3% $143

Sport & Entertainment

Budapest

$86 5.3%

Ibadan

$25 9.9% 70.7% $61

Getting Around

Budapest

$44 2.7%

Ibadan

$4.1 * 1.6% 90.8% $40

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

Cost Breakdown

A central one-bedroom costs $830 in Budapest versus $125 in Ibadan. Rent is usually the largest line item in a monthly budget, so the gap here sets the tone for the overall comparison.

Salaries run about 2816% higher in Budapest, 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 $61.0 in Budapest versus $30.00 in Ibadan. Monthly groceries follow the same trend: $258 vs $87.0 – making Ibadan the more affordable choice for daily food spending.

Good to know

🇭🇺 Budapest

🇳🇬 Ibadan

🕒 Local time

08:25 8:25 AM

07:25 7:25 AM

1 h behind Budapest

🌤 Weather

👥 Population

1,686,222 Capital

3,034,200

💱 Currency

Hungarian Forint HUF Ft

Nigerian Naira NGN ₦

📈 Exchange rate

1,000 HUF = 3.1 USD

1,000 HUF = 2.75 EUR

10,000 NGN = 7.52 USD

10,000 NGN = 6.69 EUR

Exchange rates and currency converter

NGN, USD, EUR to HUF – Hungarian Forint Converter

🇺🇸 United States Dollar ($)

🇭🇺 Hungarian Forint (Ft)

Hungarian Forint exchange rates as of October 19, 2026: 1 USD = 323 HUF (1,000 HUF = 3.1 USD). 1 EUR = 363 HUF (1,000 HUF = 2.75 EUR).

Nigerian Naira exchange rates as of October 19, 2026: 1 USD = 1,330 NGN (10,000 NGN = 7.52 USD). 1 EUR = 1,495 NGN (10,000 NGN = 6.69 EUR).

USD to HUF in detail →

On the map

Lowest

Highest

Between locations

Budapest Ibadan 4,690 km ≈ 6 h nonstop flight

From you

Budapest
Ibadan

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

Budapest vs Ibadan: Cost of Living - Frequently Asked Questions

Yes – Budapest is pricier by about 534%, and outside of rent the gap shows up most in eating out.

For a comfortable life, plan on about $2,428 per month in Budapest and $383 in Ibadan. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Rent is clearly cheaper in Ibadan, especially for central apartments. Housing is actually the single biggest factor behind the overall cost gap between these two cities.

A mid-range dinner for two costs $61.0 in Budapest and $30.00 in Ibadan. That's a good indicator of the overall restaurant and café pricing gap between the two cities.

Groceries cost about 196% more in Budapest, though it depends on what you buy. Local produce may be comparable; imported and premium items show the biggest price gap.

A $1,000 monthly budget goes further in Ibadan, where all-in costs run around $255, than in Budapest at $1,619. In Ibadan it covers expenses comfortably, while in Budapest it requires careful planning or may not stretch far enough.

Families tend to lean toward Ibadan – lower housing and cheaper childcare make a real difference, especially on a single income or when paying for private education.

Both have safer and rougher neighborhoods, but overall safety is comparable to other large cities. Neighborhood choice matters more than the city-level comparison – central, well-trafficked areas feel secure in both.

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