Last update: Nov 2026

Cost of Living Comparison Between Ikeja and London

For one person, living is cheaper in Ikeja: $2,409 a month against $4,048 in London, rent and utilities included – about $19,700 less a year. Other living expenses account for most of the difference.

116

Cost of Living Index in Ikeja
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Ikeja Living Index
196

Cost of Living Index in London
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London Living Index

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Ikeja

🇳🇬 Nigeria

$2,409

/mo nomad

London

🇬🇧 United Kingdom

$4,048

/mo nomad

Monthly Cost of Living

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

A single person spends $2,409 per month in Ikeja vs $4,048 in London, rent included.

Ikeja $2,409
London $4,048

A couple spends around $4,149 per month in Ikeja vs $5,903 in London, rent included.

Ikeja $4,149
London $5,903

A family of three spends $5,890 per month in Ikeja vs $7,758 in London, rent included.

Ikeja $5,890
London $7,758

Ikeja is about 40% cheaper than London, and outside of rent the biggest gap is in eating out.

Both Ikeja and London sit above the global median – Ikeja by 78%, London by 199%.

Meal at Budget Restaurant

$0.54 ₦719

$26.36 £19.59

-97.95%

Three-Course Dinner for Two, Mid-Range

$11.14 ₦15.0K

$109 £80.7

-89.74%

Fast Food Meal (McDonalds, etc)

$7.50 ₦10.1K

$10.71 £7.96

-29.97%

Cappuccino

$2.86 ₦3,832

$5.59 £4.15

-48.84%

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

$0.14 ₦191

$3.00 £2.23

-95.33%

Water (0.33 liter bottle)

$0.07 ₦96.4

$2.22 £1.65

-96.85%

Local Beer (0.5 liter draught)

$0.31 ₦421

$9.65 £7.17

-96.79%

Imported Beer (0.33 liter bottle)

$2.05 ₦2,750

$8.26 £6.14

-75.18%

Milk (1 liter)

$0.76 ₦1,023

$1.97 £1.46

-61.42%

White Bread (500g)

$0.72 ₦960

$2.09 £1.55

-65.55%

Rice (white) (1kg)

$1.21 ₦1,625

$2.59 £1.93

-53.28%

Eggs

$2.23 ₦2,996

$5.37 £3.99

-58.47%

Local Cheese (1kg)

$3.58 ₦4,805

$13.12 £9.75

-72.71%

Chicken Fillets (1kg)

$3.96 ₦5,313

$11.03 £8.20

-64.10%

Beef Round Steak (1kg)

$4.34 ₦5,821

$17.73 £13.17

-75.52%

Apples (1kg)

$1.62 ₦2,169

$3.17 £2.36

-48.90%

Banana (1kg)

$1.27 ₦1,710

$1.38 £1.03

-7.97%

Oranges (1kg)

$1.14 ₦1,530

$2.82 £2.10

-59.57%

Tomato (1kg)

$1.48 ₦1,985

$3.36 £2.50

-55.95%

Potato (1kg)

$1.54 ₦2,066

$1.70 £1.26

-9.41%

Onion (1kg)

$1.57 ₦2,102

$1.78 £1.32

-11.80%

Lettuce (1 head)

$0.85 ₦1,138

$1.49 £1.11

-42.95%

Water (1.5 liter bottle)

$0.39 ₦529

$1.82 £1.35

-78.57%

Cigarettes 20 Pack (Marlboro, Camel)

$0.54 ₦727

$23.85 £17.72

-97.74%

Wine (Bottle)

$2.36 ₦3,168

$13.44 £9.98

-82.44%

Local Beer (0.5 liter bottle)

$0.53 ₦716

$3.11 £2.31

-82.96%

Imported Beer (0.33 liter bottle)

$0.46 ₦620

$4.49 £3.34

-89.76%

One-way Ticket (Public Transport)

$0.12 ₦155

$4.13 £3.07

-97.09%

Public Transport Monthly Pass (Regular Price)

$3.45 ₦4,633

$266 £198

-98.70%

Taxi Start (Normal Tariff)

$0.65 ₦879

$5.98 £4.44

-89.13%

Taxi (Normal Tariff) (1km)

$0.90 ₦1,207

$3.39 £2.52

-73.45%

Taxi 1hour Waiting (Normal Tariff)

$2.19 ₦2,941

$56.6 £42.03

-96.13%

Gasoline (1 liter)

$0.14 ₦187

$2.21 £1.64

-93.67%

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

$11.0K ₦14.7M

$38.3K £28.4K

-71.32%

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

$28.6K ₦38.4M

$41.0K £30.5K

-30.24%

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

$111 ₦148.5K

$372 £277

-70.29%

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

$14.89 ₦20.0K

$18.66 £13.87

-20.20%

Internet (50+ Mbps, Unlimited Data)

$32.93 ₦44.2K

$40.53 £30.12

-18.75%

Gym Membership (Monthly)

$56.0 £41.63

Tennis Court (1 Hour on Weekend)

$17.10 £12.71

Cinema Ticket

$6.07 ₦8,145

$17.95 £13.34

-66.18%

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

$659 ₦884.7K

$2,946 £2,189

-77.62%

International Primary School, 1 Child (Yearly)

$19.4K ₦26.1M

$47.6K £35.4K

-59.24%

Jeans (Levis 501 Or Similar)

$14.80 ₦19.9K

$116 £86.4

-87.27%

Summer Dress (H&M, Zara, etc)

$17.73 ₦23.8K

$56.9 £42.28

-68.84%

Sport Shoes (Adidas, Nike)

$35.66 ₦47.9K

$128 £95.1

-72.12%

Men's Leather Business Shoes

$49.16 ₦66.0K

$154 £114

-68.05%

1-bedroom Apartment, City Center (Monthly)

$3,536 ₦4.7M

$2,935 £2,182

20.47%

1-bedroom Apartment, Outside City Center (Monthly)

$1,985 ₦2.7M

$2,258 £1,678

-12.10%

3-bedroom Apartment, City Center (Monthly)

$6,548 ₦8.8M

$5,250 £3,901

24.72%

3-bedroom Apartment, Outside City Center (Monthly)

$5,077 ₦6.8M

$3,859 £2,868

31.55%

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)

$74.2 ₦99.5K

$5,621 £4,177

-98.68%

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 Ikeja: November 2, 2026

Last update for London: November 1, 2026

Monthly budget structure

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

Accommodation & Living

Ikeja

$2K 82.4%

London

$2.3K 55.8% 13.8% $273

Monthly Utilities & Internet

Ikeja

$158 6.6%

London

$432 10.7% 172% $273

Groceries & Markets

Ikeja

$124 5.1%

London

$360 8.9% 191% $236

Eating Out

Ikeja

$68 2.8%

London

$396 9.8% 486% $328

Clothing & Footwear

Ikeja

$53 2.2%

London

$205 5.1% 288% $152

Sport & Entertainment

Ikeja

$12 * 0.5%

London

$92 2.3% 657% $80

Getting Around

Ikeja

$9.1 0.4%

London

$305 7.6% 3271% $296

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

Cost Breakdown

A central one-bedroom costs $3,536 in Ikeja versus $2,935 in London. Rent is usually the largest line item in a monthly budget, so the gap here sets the tone for the overall comparison.

Salaries in London are about 76 times higher. Purchasing power depends on which expenses matter most to you.

A mid-range dinner for two costs $11 in Ikeja versus $109 in London. Monthly groceries follow the same trend: $124 vs $360 – making Ikeja the more affordable choice for daily food spending.

Good to know

🇳🇬 Ikeja

🇬🇧 London

🕒 Local time

03:55 3:55 AM

02:55 2:55 AM

1 h behind Ikeja

🌤 Weather

👥 Population

861,300

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

Ikeja London 5,000 km ≈ 7 h nonstop flight

From you

Ikeja
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

Ikeja vs London: Cost of Living - Frequently Asked Questions

London costs about 68% more than Ikeja, and outside of rent the gap comes mainly from eating out. That’s enough to noticeably affect everyday spending and lifestyle for anyone choosing between the two.

For a comfortable life, plan on about $3,614 per month in Ikeja and $6,072 in London. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Rent is clearly cheaper in London, especially for central apartments: a one-bedroom in the center costs $2,935 there versus $3,536 in Ikeja.

Groceries cost about 191% more in London, though the gap depends on what you buy.

A mid-range dinner for two costs $11 in Ikeja and $109 in London. That’s a good indicator of the overall restaurant and café pricing gap between the two cities.

$2,000 is a stretch for both – monthly costs hit $2,409 in Ikeja and $4,048 in London. You’ll need shared housing and careful budgeting no matter which city you pick.

It depends on your priorities. London has an edge in some lifestyle areas, with costs from $2,409 in Ikeja to $4,048 in London. Climate, culture, job market, and personal taste all factor in.

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