Cost of Living Comparison Between Ibadan and Phuket Cost of Living Comparison Between Ibadan and Phuket

Monthly Cost of Living

Monthly costs for one person with rent: $800 in Ibadan versus $1,250 in Phuket.

Estimated couple costs with rent: $1,491 in Ibadan versus $2,284 in Phuket.

Monthly costs for a family of three with rent: $2,182 in Ibadan versus $3,317 in Phuket.

Living in Ibadan costs roughly 36% less than in Phuket, driven mainly by Groceries & Markets.

Both cities sit below the global median: Ibadan 40% lower, Phuket 6% lower.

Meal at Budget Restaurant

$1.82 ₦2,509

$4.55 ฿153

-60.00%

Three-Course Dinner for Two, Mid-Range

$28.21 ₦38.8K

$46.18 ฿1,553

-38.91%

Fast Food Meal (McDonalds, etc)

$5.42 ₦7,453

$8.84 ฿297

-38.69%

Cappuccino

$1.00 ₦1,376

$3.06 ฿103

-67.32%

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

$0.29 ₦403

$0.73 ฿24.40

-60.27%

Water (0.33 liter bottle)

$0.17 ₦228

$0.40 ฿13.39

-57.50%

Local Beer (0.5 liter draught)

$0.81 ₦1,115

$2.43 ฿81.8

-66.67%

Imported Beer (0.33 liter bottle)

$1.26 ₦1,737

$3.78 ฿127

-66.67%

Milk (1 liter)

$2.29 ₦3,148

$2.26 ฿76.0

1.33%

White Bread (500g)

$1.15 ₦1,586

$1.81 ฿60.9

-36.46%

Rice (white) (1kg)

$2.11 ₦2,898

$2.25 ฿75.8

-6.22%

Eggs

$1.76 ₦2,426

$2.25 ฿75.5

-21.78%

Local Cheese (1kg)

$4.27 ₦5,877

$19.51 ฿656

-78.11%

Chicken Fillets (1kg)

$4.16 ₦5,727

$3.65 ฿123

13.97%

Beef Round Steak (1kg)

$4.02 ₦5,530

$13.05 ฿439

-69.20%

Apples (1kg)

$2.43 ₦3,338

$3.23 ฿109

-24.77%

Banana (1kg)

$1.17 ₦1,605

$1.62 ฿54.4

-27.78%

Oranges (1kg)

$1.23 ₦1,695

$2.38 ฿80.1

-48.32%

Tomato (1kg)

$1.69 ₦2,319

$2.03 ฿68.1

-16.75%

Potato (1kg)

$2.15 ₦2,963

$1.53 ฿51.6

40.52%

Onion (1kg)

$1.51 ₦2,078

$1.50 ฿50.5

0.67%

Lettuce (1 head)

$0.98 ₦1,342

$0.98 ฿32.91

Water (1.5 liter bottle)

$0.33 ₦448

$0.52 ฿17.39

-36.54%

Cigarettes 20 Pack (Marlboro, Camel)

$1.26 ₦1,727

$4.44 ฿149

-71.62%

Wine (Bottle)

$0.94 ₦1,287

$18.32 ฿616

-94.87%

Local Beer (0.5 liter bottle)

$0.67 ₦924

$1.86 ฿62.7

-63.98%

Imported Beer (0.33 liter bottle)

$0.88 ₦1,207

$2.68 ฿90.1

-67.16%

One-way Ticket (Public Transport)

$0.32 ₦445

$1.41 ฿47.46

-77.30%

Public Transport Monthly Pass (Regular Price)

$35.59 ₦49.0K

$11.70 ฿393

204.19%

Taxi Start (Normal Tariff)

$1.20 ₦1,653

$3.11 ฿105

-61.41%

Taxi (Normal Tariff) (1km)

$1.05 ₦1,438

$1.04 ฿35.06

0.96%

Taxi 1hour Waiting (Normal Tariff)

$3.68 ₦5,062

$14.11 ฿474

-73.92%

Gasoline (1 liter)

$0.54 ₦743

$1.31 ฿44.10

-58.78%

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

$9,612 ₦13.2M

$27.8K ฿935.4K

-65.44%

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

$14.4K ₦19.8M

$33.2K ฿1.1M

-56.60%

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

$21.37 ₦29.4K

$122 ฿4,118

-82.55%

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

$7.64 ₦10.5K

$13.59 ฿457

-43.78%

Internet (50+ Mbps, Unlimited Data)

$20.19 ₦27.8K

$18.70 ฿629

7.97%

Gym Membership (Monthly)

$30.06 ₦41.3K

$60.5 ฿2,034

-50.31%

Tennis Court (1 Hour on Weekend)

$16.98 ฿571

Cinema Ticket

$2.58 ₦3,555

$9.07 ฿305

-71.55%

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

$49.94 ₦68.7K

$706 ฿23.8K

-92.93%

International Primary School, 1 Child (Yearly)

$1,865 ₦2.6M

$15.8K ฿531.5K

-88.20%

Jeans (Levis 501 Or Similar)

$18.39 ₦25.3K

$58.6 ฿1,969

-68.59%

Summer Dress (H&M, Zara, etc)

$24.84 ₦34.2K

$35.36 ฿1,189

-29.75%

Sport Shoes (Adidas, Nike)

$43.22 ₦59.5K

$115 ฿3,883

-62.57%

Men's Leather Business Shoes

$30.12 ₦41.4K

$83.7 ฿2,816

-64.03%

1-bedroom Apartment, City Center (Monthly)

$449 ₦617.8K

$626 ฿21.0K

-28.21%

1-bedroom Apartment, Outside City Center (Monthly)

$423 ₦581.7K

$445 ฿15.0K

-5.01%

3-bedroom Apartment, City Center (Monthly)

$1,235 ₦1.7M

$2,040 ฿68.6K

-39.49%

3-bedroom Apartment, Outside City Center (Monthly)

$1,282 ₦1.8M

$1,492 ฿50.2K

-14.06%

Buy Apartment in City Center (m2)

$835 ₦1.1M

$3,483 ฿117.1K

-76.03%

Buy Apartment Outside City Center (m2)

$29.39 ₦40.4K

$2,577 ฿86.7K

-98.86%

Average Monthly Net Salary (After Tax)

$54.9 ₦75.5K

$500 ฿16.8K

-89.02%

20-Year Fixed Mortgage Interest Rate (Annual %)

16.33

5.33

206.38%

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

Last update for Ibadan: July 12, 2026

Last update for Phuket: July 12, 2026

Cost Breakdown

A one-bedroom apartment in the center runs $449 in Ibadan and $626 in Phuket. Housing cost is often the main lever when comparing two cities.

Phuket pays 811% more on average. The extra income cushions the higher costs, though housing choices and lifestyle decide how much of the gap is truly closed.

Dining out: $28.00 in Ibadan vs $46.00 in Phuket for a mid-range dinner for two. Groceries echo the gap at $152 vs $289 per month, with Ibadan cheaper across the board.

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 Phuket: Cost of Living - Frequently Asked Questions

Ibadan wins on cost – living expenses run 56% lower than in Phuket. 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 811% lower in Phuket. 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: $449 in Ibadan versus $626 in Phuket. Housing is usually the single largest factor when comparing overall living costs between the two.

Childcare runs $49.94 in Ibadan versus $706 in Phuket. Over years of preschool, even a modest monthly gap compounds into a major financial factor for families.

Supermarket bills run roughly 90% higher in Phuket. For households that cook at home regularly, that difference adds up over a month.

At $800 in Ibadan versus $1,250 in Phuket, a $1,000 budget is realistic in Ibadan but tight or insufficient in Phuket. The gap between the two cities makes Ibadan the clear choice for anyone on this budget.

Both work as nomad bases, but Ibadan delivers better value – similar infrastructure at $800 monthly. If stretching your runway or maximizing savings is the goal, the price difference makes Ibadan hard to pass up.

Safety-wise, Ibadan and Phuket are on par. Petty crime is typical for cities this size, and most residents feel comfortable going about their daily routines in either place.

Expats usually find Ibadan gentler on the wallet – expenses run 56% less than in Phuket. Beyond cost, consider language, visa policies, and how big the international community is in each city.