Last update: Nov 2026

Cost of Living Comparison Between London and Ibadan

For one person, living is cheaper in Ibadan: $252 a month against $4,048 in London, rent and utilities included – about $45,600 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
12

Cost of Living Index in Ibadan
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Ibadan Living Index

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London

🇬🇧 United Kingdom

$4,048

/mo nomad

Ibadan

🇳🇬 Nigeria

$252

/mo nomad

Monthly Cost of Living

How much you'll spend in London and in Ibadan

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

Monthly costs for one person with rent: $4,048 in London versus $252 in Ibadan.

London $4,048
Ibadan $252

Estimated couple costs with rent: $5,903 in London versus $562 in Ibadan.

London $5,903
Ibadan $562

Monthly costs for a family of three with rent: $7,758 in London versus $872 in Ibadan.

London $7,758
Ibadan $872

Living in London is roughly 1509% more expensive than in Ibadan, and outside of rent the biggest gap is in eating out.

The two cities straddle the global median: London is 199% above, Ibadan is 81% below.

Meal at Budget Restaurant

$26.36 £19.59

$1.14 ₦1,526

2212.28%

Three-Course Dinner for Two, Mid-Range

$109 £80.7

$29.58 ₦39.7K

267.04%

Fast Food Meal (McDonalds, etc)

$10.71 £7.96

$5.96 ₦8,003

79.70%

Cappuccino

$5.59 £4.15

$0.79 ₦1,064

607.59%

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

$3.00 £2.23

$0.22 ₦295

1263.64%

Water (0.33 liter bottle)

$2.22 £1.65

$0.14 ₦184

1485.71%

Local Beer (0.5 liter draught)

$9.65 £7.17

$0.55 ₦735

1654.55%

Imported Beer (0.33 liter bottle)

$8.26 £6.14

$1.14 ₦1,530

624.56%

Milk (1 liter)

$1.97 £1.46

$0.62 ₦839

217.74%

White Bread (500g)

$2.09 £1.55

$0.55 ₦733

280.00%

Rice (white) (1kg)

$2.59 £1.93

$1.14 ₦1,532

127.19%

Eggs

$5.37 £3.99

$1.53 ₦2,057

250.98%

Local Cheese (1kg)

$13.12 £9.75

$3.54 ₦4,758

270.62%

Chicken Fillets (1kg)

$11.03 £8.20

$3.96 ₦5,312

178.54%

Beef Round Steak (1kg)

$17.73 £13.17

$0.79 ₦1,056

2144.30%

Apples (1kg)

$3.17 £2.36

$1.68 ₦2,257

88.69%

Banana (1kg)

$1.38 £1.03

$1.27 ₦1,707

8.66%

Oranges (1kg)

$2.82 £2.10

$1.14 ₦1,533

147.37%

Tomato (1kg)

$3.36 £2.50

$0.31 ₦418

983.87%

Potato (1kg)

$1.70 £1.26

$0.58 ₦773

193.10%

Onion (1kg)

$1.78 £1.32

$0.21 ₦281

747.62%

Lettuce (1 head)

$1.49 £1.11

$0.21 ₦282

609.52%

Water (1.5 liter bottle)

$1.82 £1.35

$0.13 ₦171

1300.00%

Cigarettes 20 Pack (Marlboro, Camel)

$23.85 £17.72

$0.57 ₦770

4084.21%

Wine (Bottle)

$13.44 £9.98

$1.10 ₦1,474

1121.82%

Local Beer (0.5 liter bottle)

$3.11 £2.31

$0.42 ₦568

640.48%

Imported Beer (0.33 liter bottle)

$4.49 £3.34

$0.46 ₦618

876.09%

One-way Ticket (Public Transport)

$4.13 £3.07

$0.13 ₦176

3076.92%

Public Transport Monthly Pass (Regular Price)

$266 £198

Taxi Start (Normal Tariff)

$5.98 £4.44

$0.69 ₦929

766.67%

Taxi (Normal Tariff) (1km)

$3.39 £2.52

$0.62 ₦831

446.77%

Taxi 1hour Waiting (Normal Tariff)

$56.6 £42.03

$1.14 ₦1,532

4860.53%

Gasoline (1 liter)

$2.21 £1.64

$0.56 ₦755

294.64%

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

$38.3K £28.4K

$4,131 ₦5.5M

826.36%

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

$41.0K £30.5K

$31.2K ₦41.8M

31.63%

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

$372 £277

$11.02 ₦14.8K

3278.95%

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

$18.66 £13.87

$3.83 ₦5,136

387.21%

Internet (50+ Mbps, Unlimited Data)

$40.53 £30.12

$8.77 ₦11.8K

362.14%

Gym Membership (Monthly)

$56.0 £41.63

$21.21 ₦28.5K

164.12%

Tennis Court (1 Hour on Weekend)

$17.10 £12.71

Cinema Ticket

$17.95 £13.34

$1.47 ₦1,972

1121.09%

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

$2,946 £2,189

$48.30 ₦64.8K

5998.43%

International Primary School, 1 Child (Yearly)

$47.6K £35.4K

$615 ₦825.2K

7646.35%

Jeans (Levis 501 Or Similar)

$116 £86.4

$11.89 ₦16.0K

877.63%

Summer Dress (H&M, Zara, etc)

$56.9 £42.28

$5.55 ₦7,452

925.23%

Sport Shoes (Adidas, Nike)

$128 £95.1

$14.84 ₦19.9K

761.99%

Men's Leather Business Shoes

$154 £114

$20.84 ₦28.0K

638.39%

1-bedroom Apartment, City Center (Monthly)

$2,935 £2,182

$124 ₦166.1K

2271.70%

1-bedroom Apartment, Outside City Center (Monthly)

$2,258 £1,678

$45.59 ₦61.2K

4853.41%

3-bedroom Apartment, City Center (Monthly)

$5,250 £3,901

$447 ₦599.5K

1075.36%

3-bedroom Apartment, Outside City Center (Monthly)

$3,859 £2,868

$298 ₦400.2K

1194.19%

Buy Apartment in City Center (m2)

$17.2K £12.8K

$846 ₦1.1M

1930.76%

Buy Apartment Outside City Center (m2)

$8,278 £6,152

$29.33 ₦39.4K

28123.46%

Average Monthly Net Salary (After Tax)

$5,621 £4,177

$57.8 ₦77.6K

9620.79%

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 Ibadan: November 2, 2026

Monthly budget structure

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

Accommodation & Living

London

$2.3K 55.8%

Ibadan

$46 18.1% 98% $2.2K

Monthly Utilities & Internet

London

$432 10.7%

Ibadan

$24 9.4% 94.5% $408

Eating Out

London

$396 9.8%

Ibadan

$43 17.1% 89.1% $353

Groceries & Markets

London

$360 8.9%

Ibadan

$87 34.6% 75.8% $273

Getting Around

London

$305 7.6%

Ibadan

$4.3 * 1.7% 98.6% $301

Clothing & Footwear

London

$205 5.1%

Ibadan

$24 9.5% 88.3% $181

Sport & Entertainment

London

$92 2.3%

Ibadan

$24 9.6% 73.7% $68

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 $2,935 in London and $124 in Ibadan. Housing cost is often the main lever when comparing two cities.

London pays about 97 times more on average. How far that income stretches comes down to housing choices and lifestyle.

Dining out: $109 in London vs $30 in Ibadan for a mid-range dinner for two. Groceries echo the gap at $360 vs $87 per month, with Ibadan cheaper across the board.

Good to know

🇬🇧 London

🇳🇬 Ibadan

🕒 Local time

09:04 9:04 AM

10:04 10:04 AM

1 h ahead of London

🌤 Weather

👥 Population

8,908,083 Capital

3,034,200

💱 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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Highest

Between locations

London Ibadan 4,920 km ≈ 7 h nonstop flight

From you

London
Ibadan

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 Ibadan: Cost of Living - Frequently Asked Questions

Ibadan wins on cost – living expenses run 94% lower than in London. Housing and daily spending are where you’ll feel the difference most, making Ibadan the obvious pick if budget is a priority.

Average pay in London is about 97 times higher, which matters when comparing affordability. Whether that higher income actually nets you more depends on your spending habits and housing choices.

Rent for a central apartment: $2,935 in London versus $124 in Ibadan. Housing is usually the single largest factor when comparing overall living costs between the two.

Childcare runs $2,946 in London versus $48 in Ibadan. 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 $109 in London. If you eat out regularly, this makes a real dent in your monthly spending.

At $252 in Ibadan versus $4,048 in London, a $800 budget is realistic in Ibadan but tight or insufficient in London. 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, London on earning potential. Factor in climate, language, visa rules, and proximity to places that matter to you before deciding.