Last update: Oct 2026

Cost of Living Comparison Between Ibadan and Phuket

For one person, living is cheaper in Ibadan: $251 a month against $1,278 in Phuket, rent and utilities included – about $12,300 less a year. Rent and utilities account for about half of the difference.

12

Cost of Living Index in Ibadan
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Ibadan Living Index
62

Cost of Living Index in Phuket
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Phuket Living Index

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Ibadan

🇳🇬 Nigeria

$251

/mo nomad

Phuket

🇹🇭 Thailand

$1,278

/mo nomad

Monthly Cost of Living

How much you'll spend in Ibadan and in Phuket

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 Phuket actually costs, broken down by who's living it.

Monthly costs for one person with rent: $251 in Ibadan versus $1,278 in Phuket.

Ibadan $251
Phuket $1,278

Estimated couple costs with rent: $558 in Ibadan versus $2,216 in Phuket.

Ibadan $558
Phuket $2,216

Monthly costs for a family of three with rent: $865 in Ibadan versus $3,154 in Phuket.

Ibadan $865
Phuket $3,154

Living in Ibadan costs roughly 80% less than in Phuket, and outside of rent the biggest gap is in groceries.

Both cities sit below the global median: Ibadan 82% lower, Phuket 6% lower.

Meal at Budget Restaurant

$1.10 ₦1,471

$4.47 ฿151

-75.39%

Three-Course Dinner for Two, Mid-Range

$29.84 ₦40.0K

$32.41 ฿1,094

-7.93%

Fast Food Meal (McDonalds, etc)

$6.06 ₦8,127

$8.81 ฿297

-31.21%

Cappuccino

$0.78 ₦1,046

$2.83 ฿95.5

-72.44%

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

$0.22 ₦295

$0.87 ฿29.43

-74.71%

Water (0.33 liter bottle)

$0.13 ₦179

$0.49 ฿16.67

-73.47%

Local Beer (0.5 liter draught)

$0.53 ₦715

$2.56 ฿86.4

-79.30%

Imported Beer (0.33 liter bottle)

$1.15 ₦1,545

$3.68 ฿124

-68.75%

Milk (1 liter)

$0.58 ₦782

$1.66 ฿56.0

-65.06%

White Bread (500g)

$0.60 ₦798

$1.46 ฿49.35

-58.90%

Rice (white) (1kg)

$1.10 ₦1,478

$1.50 ฿50.6

-26.67%

Eggs

$1.57 ₦2,102

$2.09 ฿70.5

-24.88%

Local Cheese (1kg)

$3.62 ₦4,857

$19.07 ฿644

-81.02%

Chicken Fillets (1kg)

$3.83 ₦5,129

$3.30 ฿111

16.06%

Beef Round Steak (1kg)

$0.72 ₦962

$10.91 ฿368

-93.40%

Apples (1kg)

$1.64 ₦2,203

$2.93 ฿99.0

-44.03%

Banana (1kg)

$1.27 ₦1,696

$1.69 ฿57.1

-24.85%

Oranges (1kg)

$1.09 ₦1,464

$2.25 ฿75.8

-51.56%

Tomato (1kg)

$0.29 ₦388

$2.08 ฿70.1

-86.06%

Potato (1kg)

$0.57 ₦769

$1.51 ฿51.0

-62.25%

Onion (1kg)

$0.23 ₦308

$1.38 ฿46.56

-83.33%

Lettuce (1 head)

$0.21 ₦281

$1.07 ฿35.99

-80.37%

Water (1.5 liter bottle)

$0.12 ₦159

$0.52 ฿17.52

-76.92%

Cigarettes 20 Pack (Marlboro, Camel)

$0.58 ₦781

$4.20 ฿142

-86.19%

Wine (Bottle)

$1.11 ₦1,484

$18.79 ฿634

-94.09%

Local Beer (0.5 liter bottle)

$0.40 ₦531

$1.82 ฿61.5

-78.02%

Imported Beer (0.33 liter bottle)

$0.50 ₦669

$2.84 ฿95.9

-82.39%

One-way Ticket (Public Transport)

$0.14 ₦187

$1.45 ฿49.03

-90.34%

Public Transport Monthly Pass (Regular Price)

$56.7 ฿1,913

Taxi Start (Normal Tariff)

$0.66 ₦884

$3.02 ฿102

-78.15%

Taxi (Normal Tariff) (1km)

$0.62 ₦825

$1.02 ฿34.36

-39.22%

Taxi 1hour Waiting (Normal Tariff)

$1.14 ₦1,523

$3.69 ฿125

-69.11%

Gasoline (1 liter)

$0.57 ₦759

$1.47 ฿49.81

-61.22%

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

$4,183 ₦5.6M

$26.8K ฿904.3K

-84.38%

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

$29.0K ₦38.8M

$26.7K ฿901.3K

8.54%

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

$11.37 ₦15.2K

$96.4 ฿3,254

-88.20%

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

$3.83 ₦5,129

$11.26 ฿380

-65.99%

Internet (50+ Mbps, Unlimited Data)

$8.60 ₦11.5K

$16.85 ฿569

-48.96%

Gym Membership (Monthly)

$21.27 ₦28.5K

$67.2 ฿2,270

-68.36%

Tennis Court (1 Hour on Weekend)

$10.73 ฿362

Cinema Ticket

$1.47 ₦1,973

$7.50 ฿253

-80.40%

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

$48.34 ₦64.8K

$476 ฿16.1K

-89.84%

International Primary School, 1 Child (Yearly)

$622 ₦833.1K

$11.3K ฿380.4K

-94.48%

Jeans (Levis 501 Or Similar)

$11.76 ₦15.8K

$62.4 ฿2,106

-81.14%

Summer Dress (H&M, Zara, etc)

$5.62 ₦7,529

$28.41 ฿959

-80.22%

Sport Shoes (Adidas, Nike)

$14.86 ₦19.9K

$94.3 ฿3,184

-84.24%

Men's Leather Business Shoes

$20.99 ₦28.1K

$85.8 ฿2,898

-75.54%

1-bedroom Apartment, City Center (Monthly)

$123 ₦165.0K

$716 ฿24.2K

-82.80%

1-bedroom Apartment, Outside City Center (Monthly)

$45.67 ₦61.2K

$491 ฿16.6K

-90.70%

3-bedroom Apartment, City Center (Monthly)

$444 ₦594.5K

$1,927 ฿65.1K

-76.98%

3-bedroom Apartment, Outside City Center (Monthly)

$293 ₦392.4K

$1,431 ฿48.3K

-79.54%

Buy Apartment in City Center (m2)

$849 ₦1.1M

$4,175 ฿141.0K

-79.67%

Buy Apartment Outside City Center (m2)

$30.37 ₦40.7K

$3,045 ฿102.8K

-99.00%

Average Monthly Net Salary (After Tax)

$57.7 ₦77.3K

$502 ฿17.0K

-88.52%

20-Year Fixed Mortgage Interest Rate (Annual %)

18.39

5.57

230.16%

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

Last update for Ibadan: October 26, 2026

Last update for Phuket: October 26, 2026

Monthly budget structure

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

Groceries & Markets

Ibadan

$86 34.3%

Phuket

$266 20.8% 210% $180

Accommodation & Living

Ibadan

$46 18.2%

Phuket

$491 38.4% 975% $445

Eating Out

Ibadan

$43 17.1%

Phuket

$122 9.5% 185% $79

Sport & Entertainment

Ibadan

$24 9.7%

Phuket

$82 6.4% 240% $58

Clothing & Footwear

Ibadan

$24 9.6%

Phuket

$122 9.5% 409% $98

Monthly Utilities & Internet

Ibadan

$24 9.5%

Phuket

$124 9.7% 423% $101

Getting Around

Ibadan

$4.3 * 1.7%

Phuket

$71 5.5% 1545% $66

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 $123 in Ibadan and $716 in Phuket. Housing cost is often the main lever when comparing two cities.

Phuket pays about 8.7 times more on average. How far that income stretches comes down to housing choices and lifestyle.

Dining out: $30 in Ibadan vs $32 in Phuket for a mid-range dinner for two. Groceries echo the gap at $86 vs $266 per month, with Ibadan cheaper across the board.

Good to know

🇳🇬 Ibadan

🇹🇭 Phuket

🕒 Local time

21:26 9:26 PM

03:26 3:26 AM

6 h ahead of Ibadan

🌤 Weather

👥 Population

3,034,200

79,308

💱 Currency

Nigerian Naira NGN ₦

Thai Baht THB ฿

📈 Exchange rate

10,000 NGN = 7.46 USD

10,000 NGN = 6.7 EUR

100 THB = 2.96 USD

100 THB = 2.66 EUR

Exchange rates and currency converter

THB, USD, EUR to NGN – Nigerian Naira Converter

🇺🇸 United States Dollar ($)

🇳🇬 Nigerian Naira (₦)

Nigerian Naira exchange rates as of October 28, 2026: 1 USD = 1,340 NGN (10,000 NGN = 7.46 USD). 1 EUR = 1,492 NGN (10,000 NGN = 6.7 EUR).

Thai Baht exchange rates as of October 28, 2026: 1 USD = 33.77 THB (100 THB = 2.96 USD). 1 EUR = 37.59 THB (100 THB = 2.66 EUR).

USD to NGN in detail →

On the map

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Highest

Between locations

Ibadan Phuket 10,390 km ≈ 13 h nonstop flight

From you

Ibadan
Phuket

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 Phuket: Cost of Living - Frequently Asked Questions

Ibadan wins on cost – living expenses run 80% 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 89% 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: $123 in Ibadan versus $716 in Phuket. Housing is usually the single largest factor when comparing overall living costs between the two.

Childcare runs $48 in Ibadan versus $476 in Phuket. 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 $32 in Phuket. If you eat out regularly, this makes a real dent in your monthly spending.

At $251 in Ibadan versus $1,278 in Phuket, a $800 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 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, Phuket on earning potential. Factor in climate, language, visa rules, and proximity to places that matter to you before deciding.