Cost of Living in Ibadan
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Restaurants |  Edit |
Range |
|---|---|---|
| Meal at an Inexpensive Restaurant | ₦1,250.00 | |
| Meal for Two at a Mid-Range Restaurant (Three Courses, Without Drinks) | ₦41,152.43 | |
| Combo Meal at McDonald's (or Equivalent Fast-Food Meal) | ₦4,000.00 | |
| Domestic Draft Beer (1 Pint) | ₦750.00 | |
| Imported Beer (12 oz Small Bottle) | ₦1,500.00 | |
| Cappuccino (Regular Size) | ₦1,044.93 | |
| Soft Drink (Coca-Cola or Pepsi, 12 oz Small Bottle) | ₦262.11 | |
| Bottled Water (12 oz) | ₦144.58 | |
Markets | Edit |
|
| Milk (Regular, 1 Liter) | ₦1,000.00 | |
| Fresh White Bread (1 lb Loaf) | ₦786.23 | |
| White Rice (1 lb) | ₦650.15 | |
| Eggs (12, Large Size) | ₦2,080.00 | |
| Local Cheese (1 lb) | ₦816.47 | |
| Chicken Fillets (1 lb) | ₦2,267.96 | |
| Beef Round or Equivalent Back Leg Red Meat (1 lb) | ₦793.79 | |
| Apples (1 lb) | ₦1,016.12 | |
| Bananas (1 lb) | ₦226.80 | |
| Oranges (1 lb) | ₦226.80 | |
| Tomatoes (1 lb) | ₦317.52 | |
| Potatoes (1 lb) | ₦408.23 | |
| Onions (1 lb) | ₦294.84 | |
| Lettuce (1 Head) | ₦400.00 | |
| Bottled Water (50 oz) | ₦166.67 | |
| Bottle of Wine (Mid-Range) | ₦1,350.00 | |
| Domestic Beer (16.9 oz Bottle) | ₦550.00 | |
| Imported Beer (12 oz Small Bottle) | ₦640.00 | |
| Cigarettes (Pack of 20, Marlboro) | ₦750.00 | |
Transportation | Edit |
|
| One-Way Ticket (Local Transport) | ₦200.00 | |
| Monthly Public Transport Pass (Regular Price) | ₦15,000.00 | |
| Taxi Start (Standard Tariff) | ₦900.00 | |
| Taxi 1 mile (Standard Tariff) | ₦1,287.48 | |
| Taxi 1 Hour Waiting (Standard Tariff) | ₦1,500.00 | |
| Gasoline (1 Liter) | ₦720.00 | |
| Volkswagen Golf 1.5 (or Equivalent New Compact Car) | ₦5,250,000.00 | |
| Toyota Corolla Sedan 1.6 (or Equivalent New Mid-Size Car) | ₦6,000,000.00 | |
Utilities (Monthly) | Edit |
|
| Basic Utilities for 915 Square Feet Apartment (Electricity, Heating, Cooling, Water, Garbage) | ₦13,333.33 | |
| Mobile Phone Plan (Monthly, with Calls and 10GB+ Data) | ₦5,000.00 | |
| Broadband Internet (Unlimited Data, 60 Mbps or Higher) | ₦11,666.67 | |
Sports And Leisure | Edit |
|
| Monthly Fitness Club Membership | ₦24,333.33 | |
| Tennis Court Rental (1 Hour, Weekend) | ₦0.00 | |
| Cinema Ticket (International Release) | ₦2,000.00 | |
Childcare | Edit |
|
| Private Full-Day Preschool or Kindergarten, Monthly Fee per Child | ₦51,666.67 | |
| International Primary School, Annual Tuition per Child | ₦1,433,333.33 | |
Clothing And Shoes | Edit |
|
| Jeans (Levi's 501 or Similar) | ₦9,333.33 | |
| Summer Dress in a Chain Store (e.g. Zara or H&M) | ₦14,750.00 | |
| Nike Running Shoes (Mid-Range) | ₦22,500.00 | |
| Men's Leather Business Shoes | ₦15,000.00 | |
Rent Per Month | Edit |
|
| 1 Bedroom Apartment in City Centre | ₦226,666.67 | |
| 1 Bedroom Apartment Outside of City Centre | ₦190,666.67 | |
| 3 Bedroom Apartment in City Centre | ₦650,000.00 | |
| 3 Bedroom Apartment Outside of City Centre | ₦600,000.00 | |
Buy Apartment Price | Edit |
|
| Price per Square Feet to Buy Apartment in City Centre | ₦108,515.56 | |
| Price per Square Feet to Buy Apartment Outside of Centre | ₦3,716.09 | |
Salaries And Financing | Edit |
|
| Average Monthly Net Salary (After Tax) | ₦76,666.67 | |
| Annual Mortgage Interest Rate (20-Year Fixed, in %) | 18.05 | |
Prices in Ibadan
This city had 15 different contributors in the past 18 months.
Some data are estimated due to a low number of contributors. If you are living here, please update our data.
Last update: 5 April 2026
Some data are estimated due to a low number of contributors. If you are living here, please update our data.
Last update: 5 April 2026
Sources and References
Moving to Ibadan? Explore:
Distribution of Expenses Using Our Statistical Model:
Nearby Cities:| Cost of Living in Oyo | 34.74 miles |
| Cost of Living in Sagamu | 46.49 miles |
| Cost of Living in Abeokuta | 49.11 miles |
| Cost of Living in Iseyin | 59.34 miles |
| Cost of Living in Ogbomosho | 67.33 miles |
| Cost of Living in Ikeja | 74.34 miles |
| Cost of Living in Effon Alaiye | 78.26 miles |
| Cost of Living in Ilesha | 82.38 miles |
| Cost of Living in Oshogbo | 83.81 miles |
| Cost of Living in Lagos | 83.99 miles |
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|
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 ItalianoCosto della vita a Ibadan
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 EspañolCoste de vida en Ibadán
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Leave a comment:1 Comments so far
Michael Friday
on Nov 02, 2022:
I really want to relocate to ibadan,but I don’t know cost of living and renting a normal room in Ibadan. Can someone please update me.