Last update: Nov 2026

Cost of Living Comparison Between London and Ikeja

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.

196

Cost of Living Index in London
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London Living Index
116

Cost of Living Index in Ikeja
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Ikeja Living Index

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London

🇬🇧 United Kingdom

$4,048

/mo nomad

Ikeja

🇳🇬 Nigeria

$2,409

/mo nomad

Monthly Cost of Living

How much you'll spend in London and in Ikeja

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

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

London $4,048
Ikeja $2,409

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

London $5,903
Ikeja $4,149

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

London $7,758
Ikeja $5,890

London costs about 68% more than Ikeja, and outside of rent the biggest gap is in eating out.

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

Meal at Budget Restaurant

$26.36 £19.59

$0.54 ₦719

4781.48%

Three-Course Dinner for Two, Mid-Range

$109 £80.7

$11.14 ₦15.0K

874.60%

Fast Food Meal (McDonalds, etc)

$10.71 £7.96

$7.50 ₦10.1K

42.80%

Cappuccino

$5.59 £4.15

$2.86 ₦3,832

95.45%

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

$3.00 £2.23

$0.14 ₦191

2042.86%

Water (0.33 liter bottle)

$2.22 £1.65

$0.07 ₦96.4

3071.43%

Local Beer (0.5 liter draught)

$9.65 £7.17

$0.31 ₦421

3012.90%

Imported Beer (0.33 liter bottle)

$8.26 £6.14

$2.05 ₦2,750

302.93%

Milk (1 liter)

$1.97 £1.46

$0.76 ₦1,023

159.21%

White Bread (500g)

$2.09 £1.55

$0.72 ₦960

190.28%

Rice (white) (1kg)

$2.59 £1.93

$1.21 ₦1,625

114.05%

Eggs

$5.37 £3.99

$2.23 ₦2,996

140.81%

Local Cheese (1kg)

$13.12 £9.75

$3.58 ₦4,805

266.48%

Chicken Fillets (1kg)

$11.03 £8.20

$3.96 ₦5,313

178.54%

Beef Round Steak (1kg)

$17.73 £13.17

$4.34 ₦5,821

308.53%

Apples (1kg)

$3.17 £2.36

$1.62 ₦2,169

95.68%

Banana (1kg)

$1.38 £1.03

$1.27 ₦1,710

8.66%

Oranges (1kg)

$2.82 £2.10

$1.14 ₦1,530

147.37%

Tomato (1kg)

$3.36 £2.50

$1.48 ₦1,985

127.03%

Potato (1kg)

$1.70 £1.26

$1.54 ₦2,066

10.39%

Onion (1kg)

$1.78 £1.32

$1.57 ₦2,102

13.38%

Lettuce (1 head)

$1.49 £1.11

$0.85 ₦1,138

75.29%

Water (1.5 liter bottle)

$1.82 £1.35

$0.39 ₦529

366.67%

Cigarettes 20 Pack (Marlboro, Camel)

$23.85 £17.72

$0.54 ₦727

4316.67%

Wine (Bottle)

$13.44 £9.98

$2.36 ₦3,168

469.49%

Local Beer (0.5 liter bottle)

$3.11 £2.31

$0.53 ₦716

486.79%

Imported Beer (0.33 liter bottle)

$4.49 £3.34

$0.46 ₦620

876.09%

One-way Ticket (Public Transport)

$4.13 £3.07

$0.12 ₦155

3341.67%

Public Transport Monthly Pass (Regular Price)

$266 £198

$3.45 ₦4,633

7609.57%

Taxi Start (Normal Tariff)

$5.98 £4.44

$0.65 ₦879

820.00%

Taxi (Normal Tariff) (1km)

$3.39 £2.52

$0.90 ₦1,207

276.67%

Taxi 1hour Waiting (Normal Tariff)

$56.6 £42.03

$2.19 ₦2,941

2482.19%

Gasoline (1 liter)

$2.21 £1.64

$0.14 ₦187

1478.57%

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

$38.3K £28.4K

$11.0K ₦14.7M

248.68%

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

$41.0K £30.5K

$28.6K ₦38.4M

43.34%

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

$372 £277

$111 ₦148.5K

236.55%

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

$18.66 £13.87

$14.89 ₦20.0K

25.32%

Internet (50+ Mbps, Unlimited Data)

$40.53 £30.12

$32.93 ₦44.2K

23.08%

Gym Membership (Monthly)

$56.0 £41.63

Tennis Court (1 Hour on Weekend)

$17.10 £12.71

Cinema Ticket

$17.95 £13.34

$6.07 ₦8,145

195.72%

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

$2,946 £2,189

$659 ₦884.7K

346.88%

International Primary School, 1 Child (Yearly)

$47.6K £35.4K

$19.4K ₦26.1M

145.33%

Jeans (Levis 501 Or Similar)

$116 £86.4

$14.80 ₦19.9K

685.41%

Summer Dress (H&M, Zara, etc)

$56.9 £42.28

$17.73 ₦23.8K

220.92%

Sport Shoes (Adidas, Nike)

$128 £95.1

$35.66 ₦47.9K

258.72%

Men's Leather Business Shoes

$154 £114

$49.16 ₦66.0K

213.02%

1-bedroom Apartment, City Center (Monthly)

$2,935 £2,182

$3,536 ₦4.7M

-16.99%

1-bedroom Apartment, Outside City Center (Monthly)

$2,258 £1,678

$1,985 ₦2.7M

13.76%

3-bedroom Apartment, City Center (Monthly)

$5,250 £3,901

$6,548 ₦8.8M

-19.82%

3-bedroom Apartment, Outside City Center (Monthly)

$3,859 £2,868

$5,077 ₦6.8M

-23.98%

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

$74.2 ₦99.5K

7479.99%

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 Ikeja: November 2, 2026

Monthly budget structure

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

Accommodation & Living

London

$2.3K 55.8%

Ikeja

$2K 82.4% 12.1% $273

Monthly Utilities & Internet

London

$432 10.7%

Ikeja

$158 6.6% 63.3% $273

Eating Out

London

$396 9.8%

Ikeja

$68 2.8% 82.9% $328

Groceries & Markets

London

$360 8.9%

Ikeja

$124 5.1% 65.6% $236

Getting Around

London

$305 7.6%

Ikeja

$9.1 0.4% 97% $296

Clothing & Footwear

London

$205 5.1%

Ikeja

$53 2.2% 74.2% $152

Sport & Entertainment

London

$92 2.3%

Ikeja

$12 * 0.5% 86.8% $80

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

Cost Breakdown

A central one-bedroom costs $2,935 in London versus $3,536 in Ikeja. 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 $109 in London versus $11 in Ikeja. Monthly groceries follow the same trend: $360 vs $124 – making Ikeja the more affordable choice for daily food spending.

Good to know

🇬🇧 London

🇳🇬 Ikeja

🕒 Local time

02:00 2:00 AM

03:00 3:00 AM

1 h ahead of London

🌤 Weather

👥 Population

8,908,083 Capital

861,300

💱 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 = 6.64 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 = 0.834 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 = 6.64 EUR).

USD to GBP in detail →

On the map

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Between locations

London Ikeja 5,000 km ≈ 7 h nonstop flight

From you

London
Ikeja

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 Ikeja: 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 $6,072 per month in London and $3,614 in Ikeja. 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 $109 in London and $11 in Ikeja. 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 $4,048 in London and $2,409 in Ikeja. 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.