Last update: Nov 2026

Cost of Living Comparison Between Ibadan and London

For one person, living is cheaper in Ibadan: $252 a month against $4,048 in London, rent and utilities included – about $45,600 less a year. Rent and utilities account for most of the difference.

12

Cost of Living Index in Ibadan
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Ibadan Living Index
196

Cost of Living Index in London
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London Living Index

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Ibadan

🇳🇬 Nigeria

$252

/mo nomad

London

🇬🇧 United Kingdom

$4,048

/mo nomad

Monthly Cost of Living

How much you'll spend in Ibadan and in London

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

Monthly costs for one person with rent: $252 in Ibadan versus $4,048 in London.

Ibadan $252
London $4,048

Estimated couple costs with rent: $562 in Ibadan versus $5,903 in London.

Ibadan $562
London $5,903

Monthly costs for a family of three with rent: $872 in Ibadan versus $7,758 in London.

Ibadan $872
London $7,758

Living in Ibadan costs roughly 94% less than in London, and outside of rent the biggest gap is in eating out.

The two cities straddle the global median: Ibadan is 81% below, London is 199% above.

Meal at Budget Restaurant

$1.14 ₦1,526

$26.36 £19.59

-95.68%

Three-Course Dinner for Two, Mid-Range

$29.58 ₦39.7K

$109 £80.7

-72.75%

Fast Food Meal (McDonalds, etc)

$5.96 ₦8,003

$10.71 £7.96

-44.35%

Cappuccino

$0.79 ₦1,064

$5.59 £4.15

-85.87%

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

$0.22 ₦295

$3.00 £2.23

-92.67%

Water (0.33 liter bottle)

$0.14 ₦184

$2.22 £1.65

-93.69%

Local Beer (0.5 liter draught)

$0.55 ₦735

$9.65 £7.17

-94.30%

Imported Beer (0.33 liter bottle)

$1.14 ₦1,530

$8.26 £6.14

-86.20%

Milk (1 liter)

$0.62 ₦839

$1.97 £1.46

-68.53%

White Bread (500g)

$0.55 ₦733

$2.09 £1.55

-73.68%

Rice (white) (1kg)

$1.14 ₦1,532

$2.59 £1.93

-55.98%

Eggs

$1.53 ₦2,057

$5.37 £3.99

-71.51%

Local Cheese (1kg)

$3.54 ₦4,758

$13.12 £9.75

-73.02%

Chicken Fillets (1kg)

$3.96 ₦5,312

$11.03 £8.20

-64.10%

Beef Round Steak (1kg)

$0.79 ₦1,056

$17.73 £13.17

-95.54%

Apples (1kg)

$1.68 ₦2,257

$3.17 £2.36

-47.00%

Banana (1kg)

$1.27 ₦1,707

$1.38 £1.03

-7.97%

Oranges (1kg)

$1.14 ₦1,533

$2.82 £2.10

-59.57%

Tomato (1kg)

$0.31 ₦418

$3.36 £2.50

-90.77%

Potato (1kg)

$0.58 ₦773

$1.70 £1.26

-65.88%

Onion (1kg)

$0.21 ₦281

$1.78 £1.32

-88.20%

Lettuce (1 head)

$0.21 ₦282

$1.49 £1.11

-85.91%

Water (1.5 liter bottle)

$0.13 ₦171

$1.82 £1.35

-92.86%

Cigarettes 20 Pack (Marlboro, Camel)

$0.57 ₦770

$23.85 £17.72

-97.61%

Wine (Bottle)

$1.10 ₦1,474

$13.44 £9.98

-91.82%

Local Beer (0.5 liter bottle)

$0.42 ₦568

$3.11 £2.31

-86.50%

Imported Beer (0.33 liter bottle)

$0.46 ₦618

$4.49 £3.34

-89.76%

One-way Ticket (Public Transport)

$0.13 ₦176

$4.13 £3.07

-96.85%

Public Transport Monthly Pass (Regular Price)

$266 £198

Taxi Start (Normal Tariff)

$0.69 ₦929

$5.98 £4.44

-88.46%

Taxi (Normal Tariff) (1km)

$0.62 ₦831

$3.39 £2.52

-81.71%

Taxi 1hour Waiting (Normal Tariff)

$1.14 ₦1,532

$56.6 £42.03

-97.98%

Gasoline (1 liter)

$0.56 ₦755

$2.21 £1.64

-74.66%

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

$4,131 ₦5.5M

$38.3K £28.4K

-89.21%

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

$31.2K ₦41.8M

$41.0K £30.5K

-24.03%

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

$11.02 ₦14.8K

$372 £277

-97.04%

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

$3.83 ₦5,136

$18.66 £13.87

-79.47%

Internet (50+ Mbps, Unlimited Data)

$8.77 ₦11.8K

$40.53 £30.12

-78.36%

Gym Membership (Monthly)

$21.21 ₦28.5K

$56.0 £41.63

-62.14%

Tennis Court (1 Hour on Weekend)

$17.10 £12.71

Cinema Ticket

$1.47 ₦1,972

$17.95 £13.34

-91.81%

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

$48.30 ₦64.8K

$2,946 £2,189

-98.36%

International Primary School, 1 Child (Yearly)

$615 ₦825.2K

$47.6K £35.4K

-98.71%

Jeans (Levis 501 Or Similar)

$11.89 ₦16.0K

$116 £86.4

-89.77%

Summer Dress (H&M, Zara, etc)

$5.55 ₦7,452

$56.9 £42.28

-90.25%

Sport Shoes (Adidas, Nike)

$14.84 ₦19.9K

$128 £95.1

-88.40%

Men's Leather Business Shoes

$20.84 ₦28.0K

$154 £114

-86.46%

1-bedroom Apartment, City Center (Monthly)

$124 ₦166.1K

$2,935 £2,182

-95.78%

1-bedroom Apartment, Outside City Center (Monthly)

$45.59 ₦61.2K

$2,258 £1,678

-97.98%

3-bedroom Apartment, City Center (Monthly)

$447 ₦599.5K

$5,250 £3,901

-91.49%

3-bedroom Apartment, Outside City Center (Monthly)

$298 ₦400.2K

$3,859 £2,868

-92.27%

Buy Apartment in City Center (m2)

$846 ₦1.1M

$17.2K £12.8K

-95.08%

Buy Apartment Outside City Center (m2)

$29.33 ₦39.4K

$8,278 £6,152

-99.65%

Average Monthly Net Salary (After Tax)

$57.8 ₦77.6K

$5,621 £4,177

-98.97%

20-Year Fixed Mortgage Interest Rate (Annual %)

18.39

4.78

284.73%

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

Last update for Ibadan: November 2, 2026

Last update for London: November 1, 2026

Monthly budget structure

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

Groceries & Markets

Ibadan

$87 34.6%

London

$360 8.9% 314% $273

Accommodation & Living

Ibadan

$46 18.1%

London

$2.3K 55.8% 4853% $2.2K

Eating Out

Ibadan

$43 17.1%

London

$396 9.8% 822% $353

Sport & Entertainment

Ibadan

$24 9.6%

London

$92 2.3% 281% $68

Clothing & Footwear

Ibadan

$24 9.5%

London

$205 5.1% 757% $181

Monthly Utilities & Internet

Ibadan

$24 9.4%

London

$432 10.7% 1727% $408

Getting Around

Ibadan

$4.3 * 1.7%

London

$305 7.6% 6987% $301

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

Cost Breakdown

A one-bedroom apartment in the center runs $124 in Ibadan and $2,935 in London. Housing cost is often the main lever when comparing two cities.

London pays about 97 times more on average. How far that income stretches comes down to housing choices and lifestyle.

Dining out: $30 in Ibadan vs $109 in London for a mid-range dinner for two. Groceries echo the gap at $87 vs $360 per month, with Ibadan cheaper across the board.

Good to know

🇳🇬 Ibadan

🇬🇧 London

🕒 Local time

07:38 7:38 AM

06:38 6:38 AM

1 h behind Ibadan

🌤 Weather

👥 Population

3,034,200

8,908,083 Capital

💱 Currency

Nigerian Naira NGN ₦

British Pound GBP £

📈 Exchange rate

10,000 NGN = 7.45 USD

10,000 NGN = 6.64 EUR

1 GBP = 1.35 USD

1 GBP = 1.2 EUR

Exchange rates and currency converter

GBP, USD, EUR to NGN – Nigerian Naira Converter

🇺🇸 United States Dollar ($)

🇳🇬 Nigerian Naira (₦)

Nigerian Naira exchange rates as of November 6, 2026: 1 USD = 1,342 NGN (10,000 NGN = 7.45 USD). 1 EUR = 1,507 NGN (10,000 NGN = 6.64 EUR).

British Pound exchange rates as of November 6, 2026: 1 USD = 0.743 GBP (1 GBP = 1.35 USD). 1 EUR = 0.834 GBP (1 GBP = 1.2 EUR).

USD to NGN in detail →

On the map

Lowest

Highest

Between locations

Ibadan London 4,920 km ≈ 7 h nonstop flight

From you

Ibadan
London

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

Ibadan vs London: Cost of Living - Frequently Asked Questions

Ibadan wins on cost – living expenses run 94% lower than in London. Housing and daily spending are where you’ll feel the difference most, making Ibadan the obvious pick if budget is a priority.

On paper, salaries run 99% lower in Ibadan. That’s worth factoring in alongside costs, though remote workers earning in a stronger currency may not notice the difference at all.

Rent for a central apartment: $124 in Ibadan versus $2,935 in London. Housing is usually the single largest factor when comparing overall living costs between the two.

Childcare runs $48 in Ibadan versus $2,946 in London. Over years of preschool, even a modest monthly gap compounds into a major financial factor for families.

Dining out is cheaper in Ibadan – a meal for two runs $30 versus $109 in London. If you eat out regularly, this makes a real dent in your monthly spending.

At $252 in Ibadan versus $4,048 in London, a $800 budget is realistic in Ibadan but tight or insufficient in London. The gap between the two cities makes Ibadan the clear choice for anyone on this budget.

Both cities offer a good standard of living with different trade-offs. Neither is objectively better – the right pick depends on what matters most: affordability, career, cultural scene, or climate.

It comes down to priorities – Ibadan wins on affordability, London on earning potential. Factor in climate, language, visa rules, and proximity to places that matter to you before deciding.