Last update: Oct 2026 Nigeria 3M

Cost of Living in Ibadan

For one person, living costs in Ibadan are estimated at $255 a month, including rent and utilities – 66% below the national average. Rent and utilities take less than a third of the total.

Monthly Cost of Living

How much you'll spend in Ibadan

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

Living costs for one person come to about $255 monthly including rent, or $197 excluding housing.

$255 /mo

Estimated monthly costs for a couple: $571 with rent, or $384 without housing.

$571 /mo

Monthly costs for a family of three come to about $887 including rent, or $571 for daily expenses alone.

$887 /mo

Ibadan sits 69–81% below the global median across household types. Within Africa, costs are well below average (72% lower) – one of the most affordable options in the region.

Currency
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🍽 Eating Out
Cost
Range
Meal at Budget Restaurant
$1.11 ₦1,481
$0.23 ₦302
$5.19 ₦6,908
Three-Course Dinner for Two, Mid-Range
$30.33 ₦40.3K
$16.71 ₦22.2K
$101 ₦134.5K
Fast Food Meal (McDonalds, etc)
$6.22 ₦8,276
$2.29 ₦3,046
$10.16 ₦13.5K
Cappuccino
$0.80 ₦1,058
$0.20 ₦261
$4.67 ₦6,211
Coke/Pepsi/Fanta/Sprite (0.33 liter bottle)
$0.22 ₦293
$0.12 ₦154
$0.60 ₦795
Water (0.33 liter bottle)
$0.14 ₦180
$0.08 ₦111
$0.42 ₦555
Local Beer (0.5 liter draught)
$0.59 ₦786
$0.39 ₦524
$2.08 ₦2,770
Imported Beer (0.33 liter bottle)
$1.15 ₦1,534
$0.61 ₦814
$3.07 ₦4,085
🛒 Groceries & Markets
Cost
Range
Milk (1 liter)
$0.58 ₦776
$0.58 ₦776
$4.39 ₦5,846
White Bread (500g)
$0.60 ₦803
$0.31 ₦415
$2.09 ₦2,782
Rice (white) (1kg)
$1.15 ₦1,524
$0.39 ₦512
$6.10 ₦8,117
Eggs
$1.55 ₦2,055
$0.62 ₦825
$3.11 ₦4,137
Local Cheese (1kg)
$3.59 ₦4,774
$1.91 ₦2,535
$9.17 ₦12.2K
Chicken Fillets (1kg)
$4.02 ₦5,342
$3.48 ₦4,632
$10.30 ₦13.7K
Beef Round Steak (1kg)
$0.71 ₦951
$0.71 ₦951
$9.56 ₦12.7K
Apples (1kg)
$1.65 ₦2,198
$0.89 ₦1,177
$5.18 ₦6,893
Banana (1kg)
$1.29 ₦1,712
$0.61 ₦809
$5.08 ₦6,752
Oranges (1kg)
$1.10 ₦1,457
$0.23 ₦299
$2.58 ₦3,435
Tomato (1kg)
$0.29 ₦385
$0.29 ₦385
$1.46 ₦1,938
Potato (1kg)
$0.58 ₦773
$0.58 ₦773
$1.82 ₦2,421
Onion (1kg)
$0.24 ₦320
$0.24 ₦320
$1.97 ₦2,617
Lettuce (1 head)
$0.22 ₦291
$0.22 ₦291
$1.36 ₦1,809
Water (1.5 liter bottle)
$0.12 ₦159
$0.05 ₦66.1
$0.60 ₦793
Cigarettes 20 Pack (Marlboro, Camel)
$0.59 ₦781
$0.39 ₦521
$0.77 ₦1,028
Wine (Bottle)
$1.15 ₦1,533
$1.15 ₦1,533
$4.61 ₦6,131
Local Beer (0.5 liter bottle)
$0.39 ₦523
$0.11 ₦140
$0.72 ₦957
Imported Beer (0.33 liter bottle)
$0.47 ₦621
$0.22 ₦297
$1.10 ₦1,461
🚌 Getting Around
Cost
Range
One-way Ticket (Public Transport)
$0.12 ₦164
$0.10 ₦139
$0.14 ₦189
Taxi Start (Normal Tariff)
$0.66 ₦872
$0.37 ₦487
$0.95 ₦1,257
Taxi (Normal Tariff) (1km)
$0.59 ₦781
$0.59 ₦781
$1.48 ₦1,966
Taxi 1hour Waiting (Normal Tariff)
$1.10 ₦1,467
$0.73 ₦973
$3.68 ₦4,893
Gasoline (1 liter)
$0.53 ₦703
$0.14 ₦182
$1.03 ₦1,366
Midsize Hatchback 1.4l (Volkswagen Golf, Toyota Prius, Honda Civic, etc)
$4,189 ₦5.6M
$4,189 ₦5.6M
$12.2K ₦16.2M
Compact Sedan 1.6l (Toyota Corolla, Mazda3, Kia K4, Hyundai Elantra, etc)
$13.7K ₦18.2M
$11.3K ₦15.0M
$21.1K ₦28.0M
🧾 Monthly Utilities & Internet
Cost
Range
Utilities for 2 People in 2-bedroom Apartment (Heating, Electricity, Gas, Water, Garbage) (85m2)
$11.16 ₦14.8K
$11.16 ₦14.8K
$248 ₦329.3K
SIM Card Monthly Plan (Calls and 10GB+ Data)
$3.87 ₦5,145
$3.87 ₦5,145
$50.2 ₦66.8K
Internet (50+ Mbps, Unlimited Data)
$8.59 ₦11.4K
$7.36 ₦9,791
$73.7 ₦98.0K
🎉 Sport & Entertainment
Cost
Range
Gym Membership (Monthly)
$22.27 ₦29.6K
$13.82 ₦18.4K
$30.70 ₦40.8K
Cinema Ticket
$1.48 ₦1,972
$0.74 ₦980
$7.77 ₦10.3K
🧸 Childcare & Education
Cost
Range
Preschool or Kindergarten, Full Day, Private, 1 Child (Monthly)
$49.51 ₦65.8K
$22.85 ₦30.4K
$2,384 ₦3.2M
International Primary School, 1 Child (Yearly)
$631 ₦839.5K
$151 ₦201.5K
$32.4K ₦43.1M
👕👟 Clothing & Footwear
Cost
Range
Jeans (Levis 501 Or Similar)
$12.18 ₦16.2K
$6.09 ₦8,104
$22.83 ₦30.4K
Summer Dress (H&M, Zara, etc)
$5.77 ₦7,674
$5.77 ₦7,674
$50.0 ₦66.5K
Sport Shoes (Adidas, Nike)
$15.36 ₦20.4K
$15.36 ₦20.4K
$76.7 ₦102.0K
Men's Leather Business Shoes
$21.34 ₦28.4K
$11.29 ₦15.0K
$151 ₦200.3K
🏠 Accommodation & Living
Cost
Range
1-bedroom Apartment, City Center (Monthly)
$125 ₦166.4K
$60.7 ₦80.7K
$190 ₦252.2K
1-bedroom Apartment, Outside City Center (Monthly)
$46.64 ₦62.0K
$38.23 ₦50.9K
$55.1 ₦73.2K
3-bedroom Apartment, City Center (Monthly)
$454 ₦603.2K
-
3-bedroom Apartment, Outside City Center (Monthly)
$305 ₦406.0K
$305 ₦406.0K
$305 ₦406.0K
Buy Apartment in City Center (m2)
$880 ₦1.2M
$660 ₦878.0K
$1,100 ₦1.5M
Buy Apartment Outside City Center (m2)
$29.82 ₦39.7K
-
💵 Salaries & Financials
Cost
Range
Average Monthly Net Salary (After Tax)
$56.6 ₦75.3K
-
20-Year Fixed Mortgage Interest Rate (Annual %)
18.39
18
20

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

Last update: October 10, 2026

Monthly budget structure
Share of the monthly basket for one person, rent included.
Ibadan $255
Groceries & Markets
$87
Accommodation & Living
$47
Eating Out
$44
Sport & Entertainment
$25
Clothing & Footwear
$25
Monthly Utilities & Internet
$24
Getting Around
$4.1 *

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

Cost Breakdown

Expect to pay about $125 for a central one-bedroom, or $46.64 outside the center. At 221% of the average salary ($56.6), housing is the biggest financial pressure.

Average take-home pay sits at $56.6, while typical expenses reach $255. The gap means tight budgeting for locals, though expats with foreign income can live comfortably.

Expect to spend about $87.0 monthly on groceries. Dining out at a mid-range restaurant costs roughly $30.00 for two – well below the African average of $41.00.

Cost Highlights

Ibadan has the 6th cheapest local beer worldwide

Ibadan has the 6th cheapest imported beer worldwide

Local beer is among the 20 cheapest worldwide (out of 7,280 cities)

Good to know
🕒 Local time
13:56 1:56 PM
🌤 Weather
👥 Population
3,034,200
💱 Currency
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USD, EUR to NGN – Nigerian Naira Converter

Nigerian Naira exchange rates as of October 18, 2026: 1 USD = 1,330 NGN (10,000 NGN = 7.52 USD). 1 EUR = 1,495 NGN (10,000 NGN = 6.69 EUR).

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Ibadan Median Internet Speeds (Updated April 2026)

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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 $255 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 $255 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 $56.6 take-home, most residents in Ibadan can cover the $255 monthly cost of living. Those earning $383 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 $125; commute-friendly outer districts come in around $46.64. Overall, the market runs from $46.64 to $125 depending on size, location, and apartment condition.
How cheap is food in Ibadan?
Ibadan is great for eating affordably at home. Monthly grocery bills run about $87.0, and local produce is plentiful and well-priced, making home cooking both practical and cost-effective.
How expensive is a gym membership in Ibadan?
Fitness in Ibadan is cheap at around $22.27 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.
Can you live on $800 a month in Ibadan?
$800 stretches far in Ibadan – all-in monthly costs average only $255. 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 $255 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 $255, so putting money aside takes more than $383 in income. Keeping housing costs low and avoiding lifestyle creep are the keys to building a decent savings rate here.

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