Last update: Oct 2026

Cost of Living Comparison Between Ife and London

For one person, living is cheaper in Ife: $79.8 a month against $4,048 in London, rent and utilities included – about $47,600 less a year. Rent and utilities account for most of the difference.

196

Cost of Living Index in London
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London Living Index

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Ife

🇳🇬 Nigeria

$79.8

/mo nomad

London

🇬🇧 United Kingdom

$4,048

/mo nomad

Monthly Cost of Living

How much you'll spend in Ife 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 Ife and in London actually costs, broken down by who's living it.

A single person spends $80 per month in Ife vs $4,048 in London, rent included.

Ife $80
London $4,048

A couple spends around $107 per month in Ife vs $5,903 in London, rent included.

Ife $107
London $5,903

A family of three spends $134 per month in Ife vs $7,758 in London, rent included.

Ife $134
London $7,758

Ife is about 98% cheaper than London, and outside of rent the biggest gap is in eating out.

Ife sits 94% below the global median, while London is 199% above – they fall on opposite sides of the world average.

Meal at Budget Restaurant

$2.05 ₦2,751

$26.36 £19.59

-92.22%

Three-Course Dinner for Two, Mid-Range

$109 £80.7

Fast Food Meal (McDonalds, etc)

$5.88 ₦7,888

$10.71 £7.96

-45.10%

Cappuccino

$5.59 £4.15

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

$0.48 ₦641

$3.00 £2.23

-84.00%

Water (0.33 liter bottle)

$0.29 ₦384

$2.22 £1.65

-86.94%

Local Beer (0.5 liter draught)

$9.65 £7.17

Imported Beer (0.33 liter bottle)

$8.26 £6.14

Milk (1 liter)

$1.97 £1.46

White Bread (500g)

$2.09 £1.55

Rice (white) (1kg)

$2.59 £1.93

Eggs

$1.78 ₦2,391

$5.37 £3.99

-66.85%

Local Cheese (1kg)

$13.12 £9.75

Chicken Fillets (1kg)

$11.03 £8.20

Beef Round Steak (1kg)

$17.73 £13.17

Apples (1kg)

$3.17 £2.36

Banana (1kg)

$1.38 £1.03

Oranges (1kg)

$2.82 £2.10

Tomato (1kg)

$3.36 £2.50

Potato (1kg)

$1.70 £1.26

Onion (1kg)

$1.78 £1.32

Lettuce (1 head)

$1.49 £1.11

Water (1.5 liter bottle)

$1.82 £1.35

Cigarettes 20 Pack (Marlboro, Camel)

$23.85 £17.72

Wine (Bottle)

$13.44 £9.98

Local Beer (0.5 liter bottle)

$3.11 £2.31

Imported Beer (0.33 liter bottle)

$4.49 £3.34

One-way Ticket (Public Transport)

$4.13 £3.07

Public Transport Monthly Pass (Regular Price)

$266 £198

Taxi Start (Normal Tariff)

$5.98 £4.44

Taxi (Normal Tariff) (1km)

$3.39 £2.52

Taxi 1hour Waiting (Normal Tariff)

$56.6 £42.03

Gasoline (1 liter)

$2.21 £1.64

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

$38.3K £28.4K

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

$41.0K £30.5K

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

$29.73 ₦39.9K

$372 £277

-92.02%

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

$5.84 ₦7,833

$18.66 £13.87

-68.70%

Internet (50+ Mbps, Unlimited Data)

$40.53 £30.12

Gym Membership (Monthly)

$56.0 £41.63

Tennis Court (1 Hour on Weekend)

$17.10 £12.71

Cinema Ticket

$17.95 £13.34

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

$2,946 £2,189

International Primary School, 1 Child (Yearly)

$47.6K £35.4K

Jeans (Levis 501 Or Similar)

$116 £86.4

Summer Dress (H&M, Zara, etc)

$56.9 £42.28

Sport Shoes (Adidas, Nike)

$128 £95.1

Men's Leather Business Shoes

$154 £114

1-bedroom Apartment, City Center (Monthly)

$2,935 £2,182

1-bedroom Apartment, Outside City Center (Monthly)

$2,258 £1,678

3-bedroom Apartment, City Center (Monthly)

$5,250 £3,901

3-bedroom Apartment, Outside City Center (Monthly)

$3,859 £2,868

Buy Apartment in City Center (m2)

$17.2K £12.8K

Buy Apartment Outside City Center (m2)

$8,278 £6,152

Average Monthly Net Salary (After Tax)

$5,621 £4,177

20-Year Fixed Mortgage Interest Rate (Annual %)

4.78

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

Last update for Ife: October 31, 2026

Last update for London: November 1, 2026

Monthly budget structure

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

Accommodation & Living

Ife

–

London

$2.3K 55.8%

Monthly Utilities & Internet

Ife

–

London

$432 10.7%

Eating Out

Ife

–

London

$396 9.8%

Groceries & Markets

Ife

–

London

$360 8.9%

Getting Around

Ife

–

London

$305 7.6%

Clothing & Footwear

Ife

–

London

$205 5.1%

Sport & Entertainment

Ife

–

London

$92 2.3%

Good to know

🇳🇬 Ife

🇬🇧 London

🕒 Local time

12:52 12:52 PM

11:52 11:52 AM

1 h behind Ife

🌤 Weather

👥 Population

501,952

8,908,083 Capital

💱 Currency

Nigerian Naira NGN ₦

British Pound GBP £

📈 Exchange rate

10,000 NGN = 7.45 USD

10,000 NGN = 6.63 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 = 6.63 EUR).

British Pound exchange rates as of November 6, 2026: 1 USD = 0.743 GBP (1 GBP = 1.35 USD). 1 EUR = 0.835 GBP (1 GBP = 1.2 EUR).

USD to NGN in detail →

On the map

Lowest

Highest

Between locations

Ife London 4,910 km ≈ 7 h nonstop flight

From you

Ife
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

Ife vs London: Cost of Living - Frequently Asked Questions

Monthly costs with rent: $80 in Ife, $4,048 in London – Ife comes out roughly 98% cheaper. Outside of rent, the biggest gap is in eating out.

For a comfortable life, plan on about $120 per month in Ife and $6,072 in London. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Monthly expenses with rent come to $80 in Ife and $4,048 in London. That makes Ife about 98% cheaper.

Groceries cost about 4952% more in London, though the gap depends on what you buy.

A $1,200 monthly budget goes further in Ife, where all-in costs run around $80, than in London at $4,048. In Ife it covers expenses comfortably, while in London it requires careful planning or may not stretch far enough.

It depends on your priorities. London has an edge in some lifestyle areas, with costs from $80 in Ife to $4,048 in London. Climate, culture, job market, and personal taste all factor in.