Cost of Living Comparison Between Phuket and Ibadan Cost of Living Comparison Between Phuket and Ibadan

Monthly Cost of Living

Monthly costs for one person with rent: $1,265 in Phuket versus $812 in Ibadan.

Estimated couple costs with rent: $2,297 in Phuket versus $1,520 in Ibadan.

Monthly costs for a family of three with rent: $3,329 in Phuket versus $2,229 in Ibadan.

Living in Phuket is roughly 56% more expensive than Ibadan, driven mainly by Groceries & Markets.

Both cities sit below the global median: Phuket 6% lower, Ibadan 39% lower.

Meal at Budget Restaurant

$4.70 ฿153

$1.83 ₦2,488

156.83%

Three-Course Dinner for Two, Mid-Range

$45.37 ฿1,482

$29.27 ₦39.8K

55.01%

Fast Food Meal (McDonalds, etc)

$8.43 ฿275

$5.47 ₦7,426

54.11%

Cappuccino

$2.93 ฿95.6

$1.03 ₦1,405

184.47%

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

$0.69 ฿22.40

$0.29 ₦395

137.93%

Water (0.33 liter bottle)

$0.37 ฿11.99

$0.19 ₦260

94.74%

Local Beer (0.5 liter draught)

$2.41 ฿78.6

$0.76 ₦1,035

217.11%

Imported Beer (0.33 liter bottle)

$3.72 ฿122

$1.26 ₦1,714

195.24%

Milk (1 liter)

$2.23 ฿72.9

$2.35 ₦3,187

-5.11%

White Bread (500g)

$1.83 ฿59.8

$1.15 ₦1,563

59.13%

Rice (white) (1kg)

$2.17 ฿70.8

$2.06 ₦2,802

5.34%

Eggs

$2.21 ฿72.3

$1.72 ₦2,330

28.49%

Local Cheese (1kg)

$19.74 ฿645

$4.37 ₦5,943

351.72%

Chicken Fillets (1kg)

$3.63 ฿119

$4.29 ₦5,827

-15.38%

Beef Round Steak (1kg)

$13.53 ฿442

$4.18 ₦5,684

223.68%

Apples (1kg)

$3.28 ฿107

$2.47 ₦3,357

32.79%

Banana (1kg)

$1.61 ฿52.6

$1.21 ₦1,648

33.06%

Oranges (1kg)

$2.41 ฿78.6

$1.24 ₦1,679

94.35%

Tomato (1kg)

$2.08 ฿68.1

$1.63 ₦2,214

27.61%

Potato (1kg)

$1.53 ฿49.93

$2.16 ₦2,934

-29.17%

Onion (1kg)

$1.48 ฿48.36

$1.55 ₦2,109

-4.52%

Lettuce (1 head)

$0.99 ฿32.29

$0.92 ₦1,254

7.61%

Water (1.5 liter bottle)

$0.51 ฿16.67

$0.32 ₦439

59.38%

Cigarettes 20 Pack (Marlboro, Camel)

$4.41 ฿144

$1.26 ₦1,705

250.00%

Wine (Bottle)

$19.38 ฿633

$1.02 ₦1,384

1800.00%

Local Beer (0.5 liter bottle)

$1.78 ฿58.1

$0.63 ₦858

182.54%

Imported Beer (0.33 liter bottle)

$2.71 ฿88.6

$0.89 ₦1,211

204.49%

One-way Ticket (Public Transport)

$1.37 ฿44.79

$0.36 ₦483

280.56%

Public Transport Monthly Pass (Regular Price)

$11.39 ฿372

$36.42 ₦49.5K

-68.73%

Taxi Start (Normal Tariff)

$3.02 ฿98.6

$1.24 ₦1,681

143.55%

Taxi (Normal Tariff) (1km)

$0.99 ฿32.48

$1.04 ₦1,417

-4.81%

Taxi 1hour Waiting (Normal Tariff)

$14.10 ฿461

$3.68 ₦5,005

283.15%

Gasoline (1 liter)

$1.36 ฿44.51

$0.57 ₦769

138.60%

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

$28.2K ฿921.1K

$9,512 ₦12.9M

196.49%

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

$32.9K ฿1.1M

$14.2K ₦19.2M

132.28%

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

$122 ฿3,975

$20.99 ₦28.5K

479.80%

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

$13.57 ฿443

$7.46 ₦10.1K

81.90%

Internet (50+ Mbps, Unlimited Data)

$18.31 ฿598

$19.75 ₦26.8K

-7.29%

Gym Membership (Monthly)

$60.2 ฿1,967

$29.50 ₦40.1K

104.14%

Tennis Court (1 Hour on Weekend)

$17.14 ฿560

Cinema Ticket

$8.69 ฿284

$2.67 ₦3,628

225.47%

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

$693 ฿22.6K

$50.4 ₦68.5K

1274.76%

International Primary School, 1 Child (Yearly)

$15.7K ฿512.3K

$1,910 ₦2.6M

721.12%

Jeans (Levis 501 Or Similar)

$59.5 ฿1,944

$18.37 ₦24.9K

224.06%

Summer Dress (H&M, Zara, etc)

$34.77 ฿1,136

$24.43 ₦33.2K

42.33%

Sport Shoes (Adidas, Nike)

$115 ฿3,743

$43.76 ₦59.4K

161.88%

Men's Leather Business Shoes

$83.3 ฿2,720

$29.58 ₦40.2K

181.58%

1-bedroom Apartment, City Center (Monthly)

$613 ฿20.0K

$451 ₦612.8K

35.92%

1-bedroom Apartment, Outside City Center (Monthly)

$437 ฿14.3K

$433 ₦588.5K

0.87%

3-bedroom Apartment, City Center (Monthly)

$2,094 ฿68.4K

$1,214 ₦1.6M

72.50%

3-bedroom Apartment, Outside City Center (Monthly)

$1,509 ฿49.3K

$1,291 ₦1.8M

16.95%

Buy Apartment in City Center (m2)

$3,749 ฿122.5K

$846 ₦1.1M

342.94%

Buy Apartment Outside City Center (m2)

$2,616 ฿85.4K

$28.82 ₦39.1K

8976.09%

Average Monthly Net Salary (After Tax)

$508 ฿16.6K

$55.9 ₦75.9K

809.61%

20-Year Fixed Mortgage Interest Rate (Annual %)

5.33

16.33

-67.36%

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

Last update for Phuket: June 2, 2026

Last update for Ibadan: June 2, 2026

Cost Breakdown

A one-bedroom apartment in the center runs $613 in Phuket and $451 in Ibadan. Housing cost is often the main lever when comparing two cities.

Phuket pays 810% more on average. The extra income cushions the higher costs, though housing choices and lifestyle decide how much of the gap is truly closed.

Dining out: $45.00 in Phuket vs $29.00 in Ibadan for a mid-range dinner for two. Groceries echo the gap at $293 vs $154 per month, with Ibadan cheaper across the board.

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

Phuket vs Ibadan: Cost of Living - Frequently Asked Questions

Ibadan wins on cost – living expenses run 56% lower than in Phuket. Housing and daily spending are where you'll feel the difference most, making Ibadan the obvious pick if budget is a priority.

Phuket pays 810% more on average, 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: $613 in Phuket versus $451 in Ibadan. Housing is usually the single largest factor when comparing overall living costs between the two.

Childcare runs $693 in Phuket versus $50.4 in Ibadan. Over years of preschool, even a modest monthly gap compounds into a major financial factor for families.

Supermarket bills run roughly 90% higher in Phuket. For households that cook at home regularly, that difference adds up over a month.

At $812 in Ibadan versus $1,265 in Phuket, a $1,000 budget is realistic in Ibadan but tight or insufficient in Phuket. The gap between the two cities makes Ibadan the clear choice for anyone on this budget.

Both work as nomad bases, but Ibadan delivers better value – similar infrastructure at $812 monthly. If stretching your runway or maximizing savings is the goal, the price difference makes Ibadan hard to pass up.

Safety-wise, Phuket and Ibadan are on par. Petty crime is typical for cities this size, and most residents feel comfortable going about their daily routines in either place.

Expats usually find Ibadan gentler on the wallet – expenses run 56% less than in Phuket. Beyond cost, consider language, visa policies, and how big the international community is in each city.