Cost of Living in Ibadan - Updated Prices & Insights

Monthly Cost of Living

Living costs for one person come to about $812 monthly including rent, or $373 excluding housing.

Estimated monthly costs for a couple: $1,520 with rent, or $675 without housing.

Monthly costs for a family of three come to about $2,229 including rent, or $978 for daily expenses alone.

Ibadan sits 21–39% below the global median across household types. Within Africa, costs are 21% below average – relatively affordable for the region.

Currency
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🍽 Eating Out
Cost
Range
Meal at Budget Restaurant
$1.83 ₦2,486
$0.69 ₦934
$4.62 ₦6,278
Three-Course Dinner for Two, Mid-Range
$29.27 ₦39.7K
$12.23 ₦16.6K
$102 ₦138.4K
Fast Food Meal (McDonalds, etc)
$5.47 ₦7,421
$4.63 ₦6,280
$10.26 ₦13.9K
Cappuccino
$1.03 ₦1,404
$0.57 ₦771
$4.05 ₦5,494
Coke/Pepsi/Fanta/Sprite (0.33 liter bottle)
$0.29 ₦395
$0.21 ₦282
$0.83 ₦1,129
Water (0.33 liter bottle)
$0.19 ₦260
$0.15 ₦199
$0.56 ₦764
Local Beer (0.5 liter draught)
$0.76 ₦1,035
$0.47 ₦637
$1.95 ₦2,653
Imported Beer (0.33 liter bottle)
$1.26 ₦1,713
$0.88 ₦1,199
$2.91 ₦3,953
🛒 Groceries & Markets
Cost
Range
Milk (1 liter)
$2.35 ₦3,185
$1.55 ₦2,105
$4.08 ₦5,540
White Bread (500g)
$1.15 ₦1,562
$0.62 ₦841
$1.97 ₦2,669
Rice (white) (1kg)
$2.06 ₦2,800
$0.99 ₦1,347
$3.77 ₦5,112
Eggs
$1.72 ₦2,329
$1.21 ₦1,642
$2.24 ₦3,042
Local Cheese (1kg)
$4.37 ₦5,939
$2.86 ₦3,877
$15.69 ₦21.3K
Chicken Fillets (1kg)
$4.29 ₦5,824
$2.88 ₦3,914
$6.74 ₦9,147
Beef Round Steak (1kg)
$4.18 ₦5,680
$2.28 ₦3,095
$8.50 ₦11.5K
Apples (1kg)
$2.47 ₦3,355
$1.37 ₦1,859
$5.28 ₦7,171
Banana (1kg)
$1.21 ₦1,647
$1.01 ₦1,372
$5.05 ₦6,861
Oranges (1kg)
$1.24 ₦1,678
$0.39 ₦531
$7.86 ₦10.7K
Tomato (1kg)
$1.63 ₦2,212
$0.62 ₦845
$3.94 ₦5,350
Potato (1kg)
$2.16 ₦2,932
$1.03 ₦1,396
$3.98 ₦5,403
Onion (1kg)
$1.55 ₦2,108
$0.69 ₦931
$3.36 ₦4,557
Lettuce (1 head)
$0.92 ₦1,253
$0.63 ₦853
$4.04 ₦5,479
Water (1.5 liter bottle)
$0.32 ₦439
$0.17 ₦227
$0.67 ₦906
Cigarettes 20 Pack (Marlboro, Camel)
$1.26 ₦1,704
$0.98 ₦1,331
$1.47 ₦1,997
Wine (Bottle)
$1.02 ₦1,383
$0.91 ₦1,230
$5.26 ₦7,140
Local Beer (0.5 liter bottle)
$0.63 ₦858
$0.33 ₦442
$1.25 ₦1,702
Imported Beer (0.33 liter bottle)
$0.89 ₦1,210
$0.50 ₦678
$1.92 ₦2,606
🚌 Getting Around
Cost
Range
One-way Ticket (Public Transport)
$0.36 ₦482
$0.27 ₦369
$1.25 ₦1,703
Public Transport Monthly Pass (Regular Price)
$36.42 ₦49.4K
-
Taxi Start (Normal Tariff)
$1.24 ₦1,680
$0.57 ₦771
$1.66 ₦2,258
Taxi (Normal Tariff) (1km)
$1.04 ₦1,416
$1.01 ₦1,376
$2.68 ₦3,633
Taxi 1hour Waiting (Normal Tariff)
$3.68 ₦5,001
$1.35 ₦1,834
$6.64 ₦9,016
Gasoline (1 liter)
$0.57 ₦769
$0.42 ₦573
$0.88 ₦1,188
Midsize Hatchback 1.4l (Volkswagen Golf, Toyota Prius, Honda Civic, etc)
$9,512 ₦12.9M
$7,226 ₦9.8M
$24.9K ₦33.8M
Compact Sedan 1.6l (Toyota Corolla, Mazda3, Kia K4, Hyundai Elantra, etc)
$14.2K ₦19.2M
$14.2K ₦19.2M
$26.9K ₦36.6M
🧾 Monthly Utilities & Internet
Cost
Range
Utilities for 2 People in 2-bedroom Apartment (Heating, Electricity, Gas, Water, Garbage) (85m2)
$20.99 ₦28.5K
$19.46 ₦26.4K
$79.4 ₦107.8K
SIM Card Monthly Plan (Calls and 10GB+ Data)
$7.46 ₦10.1K
$3.79 ₦5,140
$13.35 ₦18.1K
Internet (50+ Mbps, Unlimited Data)
$19.75 ₦26.8K
$12.89 ₦17.5K
$51.9 ₦70.5K
🎉 Sport & Entertainment
Cost
Range
Gym Membership (Monthly)
$29.50 ₦40.0K
$23.45 ₦31.8K
$35.55 ₦48.3K
Cinema Ticket
$2.67 ₦3,626
$2.46 ₦3,334
$7.97 ₦10.8K
🧸 Childcare & Education
Cost
Range
Preschool or Kindergarten, Full Day, Private, 1 Child (Monthly)
$50.4 ₦68.5K
$39.19 ₦53.2K
$172 ₦233.5K
International Primary School, 1 Child (Yearly)
$1,910 ₦2.6M
$402 ₦545.2K
$4,873 ₦6.6M
👕👟 Clothing & Footwear
Cost
Range
Jeans (Levis 501 Or Similar)
$18.37 ₦24.9K
$12.66 ₦17.2K
$35.88 ₦48.7K
Summer Dress (H&M, Zara, etc)
$24.43 ₦33.2K
$9.79 ₦13.3K
$52.3 ₦71.0K
Sport Shoes (Adidas, Nike)
$43.76 ₦59.4K
$17.17 ₦23.3K
$131 ₦177.6K
Men's Leather Business Shoes
$29.58 ₦40.2K
$19.77 ₦26.8K
$116 ₦157.6K
🏠 Accommodation & Living
Cost
Range
1-bedroom Apartment, City Center (Monthly)
$451 ₦612.4K
$181 ₦245.1K
$842 ₦1.1M
1-bedroom Apartment, Outside City Center (Monthly)
$433 ₦588.1K
$95.9 ₦130.1K
$1,090 ₦1.5M
3-bedroom Apartment, City Center (Monthly)
$1,214 ₦1.6M
$777 ₦1.1M
$1,651 ₦2.2M
3-bedroom Apartment, Outside City Center (Monthly)
$1,291 ₦1.8M
$534 ₦724.3K
$2,428 ₦3.3M
Buy Apartment in City Center (m2)
$846 ₦1.1M
$623 ₦845.8K
$1,070 ₦1.5M
Buy Apartment Outside City Center (m2)
$28.82 ₦39.1K
-
💵 Salaries & Financials
Cost
Range
Average Monthly Net Salary (After Tax)
$55.9 ₦75.8K
-
20-Year Fixed Mortgage Interest Rate (Annual %)
16.33
9
22

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

Last update: June 2, 2026

Cost Breakdown

Expect to pay about $451 for a central one-bedroom, or $433 outside the center. At 808% of the average salary ($55.9), housing is the biggest financial pressure.

Average take-home pay sits at $55.9, while typical expenses reach $812. The gap means tight budgeting for locals, though expats with foreign income can live comfortably.

Expect to spend about $154 monthly on groceries. Dining out at a mid-range restaurant costs roughly $29.00 for two – well below the African average of $42.00.

Public transport is priced at around $36.42 per month – roughly in line with the African average of $29.00.

Cost Highlights

Ibadan has the 8th lowest average monthly net salary in Africa

Local beer is cheaper than 97% of cities in Africa

Local beer is cheaper than 97% of cities in Africa

Ibadan Median Internet Speeds (Updated April 2026)

Mobile

Download
Mbps
Upload
Mbps
Latency
ms

Fixed Broadband

Download
Mbps
Upload
Mbps
Latency
ms
The chart highlights the Precision Threshold for mobile and fixed broadband internet speeds, updated quarterly.
Digital Nomad Cost of Living Index
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Cost of Living in Ibadan - Frequently Asked Questions
How does the overall affordability of Ibadan compare for travelers, expats, and digital nomads, and who tends to get good value here?
Compared with Nigeria's biggest cities, the Cost of Living in Ibadan, Nigeria remains approachable for long stays. It offers solid value for travelers, expats, and digital nomads who want a practical balance of housing, markets, and work spaces without the Lagos price tag. Central areas such as Dugbe or Bodija give quick access to services, while outer neighborhoods tend to be calmer and more affordable. Daily costs hinge on food choices, utilities, and transport rather than flashy luxuries. Internet quality varies by area, so choose a coworking base with a reliable connection. Tip: Start with a short, flexible stay to map your routines.
What does daily life look like in Ibadan in terms of housing search, food options, transport, and errands?
Daily life in Ibadan centers on practical choices: housing, food, transport, and errands that fit a work pace. In housing, you will find options from shared flats near Bodija and Dugbe to quieter blocks farther out; use local agents or walk the streets to compare rents and check power and water reliability. Food options range from vibrant markets and street stalls to casual restaurants; cooking at home keeps meals predictable while you explore local flavors. Transport relies on buses, shared taxis, and trikes, with ride hailing handy for evenings or rain. Co working spaces near UI and the city center can help you stay productive. For budgeting, consider the Ibadan, Nigeria living cost as a rough reference. Tip: Build a weekly routine that minimizes back and forth.
What factors contribute to quality of life in Ibadan, and how can you plan a budgeting approach, seasonality, and neighborhood fit?
Quality of life in Ibadan is shaped by budgeting discipline, neighborhood fit, and seasonal rhythms. A simple approach is to allocate housing and food first, then transport and utilities, with a small buffer for social or learning activities. Ways to save include cooking at home, shopping at local markets, and choosing walkable areas to cut travel time. Seasonal changes affect travel, power reliability, and dust levels, so have a flexible plan and a light rain gear. Neighborhoods around Dugbe and UI Center tend to be lively and convenient, while outer districts offer more space and calmer streets. Tip: Use a straightforward budgeting framework to compare neighborhoods across seasons.
Why is Ibadan considered affordable?
Compared to most cities worldwide, Ibadan is just cheap – all-in costs average $812 monthly. Both housing and daily necessities sit below the international median, which explains its popularity with budget travelers, nomads, and locals on modest incomes.
Is Ibadan expensive to live in?
Your money goes further in Ibadan than in most cities its size. Expect to spend roughly $812 per month with housing included – groceries, transport, and eating out are all priced well below what you'd pay in comparable urban centers.
Can you save money on an average salary in Ibadan?
At $55.9 take-home, most residents in Ibadan can cover the $812 monthly cost of living. Those earning $1,218 or more have room to save; below-average earners will find things noticeably tighter.
What are typical rents in Ibadan?
Where you live in Ibadan makes all the difference. Central one-bedrooms cost about $451; commute-friendly outer districts come in around $433. Overall, the market runs from $433 to $451 depending on size, location, and apartment condition.
How expensive is a gym membership in Ibadan?
Fitness in Ibadan is cheap at around $29.50 monthly for a standard gym. It's one of the lighter items in the budget, making it easy to stay active without worrying about the cost.
How cheap is food in Ibadan?
Ibadan is great for eating affordably at home. Monthly grocery bills run about $154, and local produce is plentiful and well-priced, making home cooking both practical and cost-effective.
Can you live on $800 a month in Ibadan?
$800 stretches far in Ibadan – all-in monthly costs average only $812. The surplus means you can build savings, travel a bit, and live above the local average without much effort.
Is Ibadan a good city for digital nomads?
Remote workers pick Ibadan for good reason: vibrant nightlife, family-friendly facilities, expat-friendly services, all at about $812 per month including rent. It fits a wide range of remote salaries without compromising on comfort or connectivity.
Can you save money living in Ibadan?
Monthly expenses in Ibadan run around $812, so putting money aside takes more than $1,218 in income. Keeping housing costs low and avoiding lifestyle creep are the keys to building a decent savings rate here.

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