Last update: Nov 2026

Cost of Living Comparison Between London and Akure

For one person, living is cheaper in Akure: $277 a month against $4,048 in London, rent and utilities included – about $45,300 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
13

Cost of Living Index in Akure
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Akure Living Index

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London

🇬🇧 United Kingdom

$4,048

/mo nomad

Akure

🇳🇬 Nigeria

$277

/mo nomad

Monthly Cost of Living

How much you'll spend in London and in Akure

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

A single person spends $4,048 per month in London vs $277 in Akure, rent included.

London $4,048
Akure $277

A couple spends around $5,903 per month in London vs $447 in Akure, rent included.

London $5,903
Akure $447

A family of three spends $7,758 per month in London vs $618 in Akure, rent included.

London $7,758
Akure $618

London costs about 1363% more than Akure, and outside of rent the biggest gap is in eating out.

London sits 199% above the global median, while Akure is 80% below – they fall on opposite sides of the world average.

Meal at Budget Restaurant

$26.36 £19.59

$1.10 ₦1,478

2296.36%

Three-Course Dinner for Two, Mid-Range

$109 £80.7

$9.22 ₦12.4K

1077.55%

Fast Food Meal (McDonalds, etc)

$10.71 £7.96

$7.26 ₦9,750

47.52%

Cappuccino

$5.59 £4.15

$2.76 ₦3,707

102.54%

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

$3.00 £2.23

$0.23 ₦310

1204.35%

Water (0.33 liter bottle)

$2.22 £1.65

$0.14 ₦194

1485.71%

Local Beer (0.5 liter draught)

$9.65 £7.17

$1.02 ₦1,374

846.08%

Imported Beer (0.33 liter bottle)

$8.26 £6.14

$2.04 ₦2,737

304.90%

Milk (1 liter)

$1.97 £1.46

$1.53 ₦2,058

28.76%

White Bread (500g)

$2.09 £1.55

$0.58 ₦777

260.34%

Rice (white) (1kg)

$2.59 £1.93

$1.18 ₦1,580

119.49%

Eggs

$5.37 £3.99

$0.79 ₦1,063

579.75%

Local Cheese (1kg)

$13.12 £9.75

$3.56 ₦4,785

268.54%

Chicken Fillets (1kg)

$11.03 £8.20

$3.94 ₦5,285

179.95%

Beef Round Steak (1kg)

$17.73 £13.17

$2.29 ₦3,074

674.24%

Apples (1kg)

$3.17 £2.36

$1.51 ₦2,029

109.93%

Banana (1kg)

$1.38 £1.03

$0.73 ₦976

89.04%

Oranges (1kg)

$2.82 £2.10

$0.66 ₦884

327.27%

Tomato (1kg)

$3.36 £2.50

$0.87 ₦1,162

286.21%

Potato (1kg)

$1.70 £1.26

$0.84 ₦1,127

102.38%

Onion (1kg)

$1.78 £1.32

$0.99 ₦1,334

79.80%

Lettuce (1 head)

$1.49 £1.11

$0.90 ₦1,203

65.56%

Water (1.5 liter bottle)

$1.82 £1.35

$0.39 ₦527

366.67%

Cigarettes 20 Pack (Marlboro, Camel)

$23.85 £17.72

$0.55 ₦735

4236.36%

Wine (Bottle)

$13.44 £9.98

$2.28 ₦3,058

489.47%

Local Beer (0.5 liter bottle)

$3.11 £2.31

$0.51 ₦684

509.80%

Imported Beer (0.33 liter bottle)

$4.49 £3.34

$0.46 ₦620

876.09%

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

$0.69 ₦928

766.67%

Taxi (Normal Tariff) (1km)

$3.39 £2.52

$0.95 ₦1,269

256.84%

Taxi 1hour Waiting (Normal Tariff)

$56.6 £42.03

$2.19 ₦2,941

2482.19%

Gasoline (1 liter)

$2.21 £1.64

$0.17 ₦222

1200.00%

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

$38.3K £28.4K

$11.2K ₦15.1M

240.77%

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

$41.0K £30.5K

$29.2K ₦39.1M

40.69%

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

$372 £277

$11.22 ₦15.1K

3218.72%

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

$18.66 £13.87

$5.36 ₦7,198

248.13%

Internet (50+ Mbps, Unlimited Data)

$40.53 £30.12

$8.96 ₦12.0K

352.34%

Gym Membership (Monthly)

$56.0 £41.63

Tennis Court (1 Hour on Weekend)

$17.10 £12.71

Cinema Ticket

$17.95 £13.34

$6.11 ₦8,200

193.78%

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

$2,946 £2,189

$678 ₦909.7K

334.59%

International Primary School, 1 Child (Yearly)

$47.6K £35.4K

$19.5K ₦26.2M

144.29%

Jeans (Levis 501 Or Similar)

$116 £86.4

$14.57 ₦19.6K

697.80%

Summer Dress (H&M, Zara, etc)

$56.9 £42.28

$18.40 ₦24.7K

209.24%

Sport Shoes (Adidas, Nike)

$128 £95.1

$36.39 ₦48.8K

251.53%

Men's Leather Business Shoes

$154 £114

$48.49 ₦65.1K

217.34%

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

$37.97 ₦51.0K

14702.63%

20-Year Fixed Mortgage Interest Rate (Annual %)

4.78

18.39

-74.01%

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

Last update for London: November 1, 2026

Last update for Akure: November 1, 2026

Monthly budget structure

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

Accommodation & Living

London

$2.3K 55.8%

Akure

- * 0% 100%

Monthly Utilities & Internet

London

$432 10.7%

Akure

$26 9.2% 94.1% $406

Eating Out

London

$396 9.8%

Akure

$74 26.9% 81.2% $321

Groceries & Markets

London

$360 8.9%

Akure

$106 38.3% 70.6% $254

Getting Around

London

$305 7.6%

Akure

$5.4 * 2% 98.2% $300

Clothing & Footwear

London

$205 5.1%

Akure

$53 19.2% 74.1% $152

Sport & Entertainment

London

$92 2.3%

Akure

$12 * 4.4% 86.7% $80

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

Cost Breakdown

Salaries in London are about 148 times higher. Purchasing power depends on which expenses matter most to you.

A mid-range dinner for two costs $109 in London versus $9 in Akure. Monthly groceries follow the same trend: $360 vs $106 – making Akure the more affordable choice for daily food spending.

Good to know

🇬🇧 London

🇳🇬 Akure

🕒 Local time

08:47 8:47 AM

09:47 9:47 AM

1 h ahead of London

🌤 Weather

👥 Population

8,908,083 Capital

387,087

💱 Currency

British Pound GBP £

Nigerian Naira NGN ₦

📈 Exchange rate

1 GBP = 1.35 USD

1 GBP = 1.2 EUR

10,000 NGN = 7.45 USD

10,000 NGN = 6.63 EUR

Exchange rates and currency converter

NGN, USD, EUR to GBP – British Pound Converter

🇺🇸 United States Dollar ($)

🇬🇧 British Pound (£)

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).

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).

USD to GBP in detail →

On the map

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Between locations

London Akure 4,950 km ≈ 7 h nonstop flight

From you

London
Akure

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

London vs Akure: Cost of Living - Frequently Asked Questions

Monthly costs with rent: $4,048 in London, $277 in Akure – Akure comes out roughly 93% cheaper. Outside of rent, the biggest gap is in eating out.

For a comfortable life, plan on about $6,072 per month in London and $415 in Akure. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

A mid-range dinner for two costs $109 in London and $9 in Akure. That’s a good indicator of the overall restaurant and café pricing gap between the two cities.

Groceries cost about 240% more in London, though the gap depends on what you buy.

A $1,200 monthly budget goes further in Akure, where all-in costs run around $277, than in London at $4,048. In Akure 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 $277 in Akure to $4,048 in London. Climate, culture, job market, and personal taste all factor in.

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