Cost of living and prices in Akure, prices of food, rent, shopping, etc. 🇳🇬
Updated Jul 2023

Akure is a city nestled in Western Africa with coordinates of 7.25713 latitude and 5.20579 longitude. It is one of the fastest growing cities in Nigeria, making it a hub of economic and social growth.

Despite its rapid expansion, Akure is an affordable and comfortable place to reside. The cost of living here is relatively low, with excellent food and housing options to choose from. Additionally, access to healthcare, education, and entertainment is accessible and inexpensive.

With its unique blend of traditional and modern cultures, Akure offers something for everyone. Visitors can enjoy local markets, natural landmarks, museums, and festivals throughout the year. Whether you’re a student, family, or retiree, Akure is an excellent place to call home.

Cost of Living Estimate in Akure

Total cost of living in Akure for two person with average consumption for one month will be 510.9 USD, no rent price included. Click here to calculate cost-of-living estimate in Akure

You can calculate cost of living in Akure by changing quantity using input near each good or service. Resulting total will appear in a floating box in the bottom of your screen.

Restaurants prices

Akure, Nigeria is a bustling city with a variety of restaurants and food options to satisfy any craving. One popular dining choice is the local market, which offers a range of street food and snacks such as akara (deep-fried bean cakes), meat pies, and roasted plantains. For a more sit-down experience, visitors can head to one of the many restaurants in the city that serve traditional Nigerian cuisine, including jollof rice, egusi soup, and pounded yam.

If international cuisine is what you're seeking, Akure has several options available. From Chinese to Indian and even Lebanese, you can travel the world without leaving the city. Fast food chains such as KFC and Domino's are also located in the city for those looking for something familiar. Vegetarians and vegans will find plenty of options as well, with many restaurants offering vegetable-based meals in addition to meat options.

Meal in Inexpensive Restaurant
1.31 $
Meal for 2 People, Mid-range Restaurant, Three-course
39.42 $
McMeal at McDonalds or Alternative Combo Meal
5.26 $
Domestic Beer, 0.5 liter Draught
0.79 $
Cappuccino
2.49 $
Coca-Cola, 0.33 liter Bottle
0.22 $
Imported Beer, 0.33 liter Bottle
1.31 $

Markets prices

Akure is a bustling city in Nigeria where market prices fluctuate frequently. The city's prices can be influenced by several factors such as the availability of products or seasonal changes. Additionally, the location of the market can affect the prices of goods and services. Despite these changes, you can always find something that suits your budget and needs. The city has numerous markets that offer a wide variety of goods ranging from fresh produce to electronics among others. Therefore, you're likely to find something that fits your budget if you take the time to explore your options.

Generally, Akure market prices are affected by the laws of supply and demand. This means that if there is a high demand for a particular product, its price goes up. Similarly, if the supply of a particular product is low, the prices go up as well. However, if there is a surplus of goods in the market, the prices tend to drop. Therefore, it's essential to keep an eye on market prices before making a purchase. Moreover, bargaining is a skill that comes in handy when shopping in the markets around Akure. With these tips, you can navigate the markets in Akure and get value for your money.

Imported Beer, 0.33 liter Bottle
1.31 $
Water, 0.33 liter Bottle
0.16 $
Milk, Regular,1 liter
1.91 $
Loaf of Fresh White Bread, 0.5 kg
0.70 $
White Rice, 1 kg
1.31 $
Eggs, 12 pack
1.36 $
Local Cheese, 1 kg
2.63 $
Chicken Breasts, Boneless and Skinless, 1 kg
3.94 $
Beef Round or Equivalent Back Leg Red Meat, 1 kg
3.29 $
Apples, 1 kg
2.72 $
Banana, 1 kg
1.73 $
Oranges, 1 kg
1.23 $
Tomato, 1 kg
1.71 $
Potato, 1 kg
1.71 $
Onion, 1 kg
1.05 $
Lettuce, 1 head
0.92 $
Water, 1.5 liter Bottle
0.42 $
Bottle of Wine, Mid-Range Price
5.26 $
Domestic Beer, 0.5 liter Bottle
0.46 $
Pack of Cigarettes
0.79 $

Transportation prices

Akure, Nigeria has several transportation options to choose from when it comes to getting around the city. One popular option is the scooter or motorcycle taxi, locally known as "okada." These vehicles are a cost-effective and efficient way to get around the city quickly and navigate through traffic with ease. However, it's important to note that this mode of transportation can be dangerous, so it's essential to wear a helmet and exercise caution.

Another transportation option in Akure is the "keke," also known as a tricycle or auto-rickshaw. These three-wheeled vehicles are a great way to explore the city at a leisurely pace. They are affordable and often have a roof to protect passengers from the sun and rain. However, they are slower than okadas, so it's essential to plan ahead if you have a tight schedule. Additionally, they can be found all around Akure, making them an easy mode of transportation to locate.

One-way Ticket, Local Transport
0.26 $
Monthly Pass, Regular Price
15.77 $
Taxi Start, Normal Tariff
1.31 $
Taxi, price for 1 km, Normal Tariff
0.33 $
Taxi, price for 1 hour Waiting, Normal Tariff
5.26 $
Gasoline, 1 liter
0.39 $
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car)
17,082.69 $

Utilities Per Month prices

Akure, Nigeria is a lively city with plenty of activities to keep travelers busy. However, one thing that visitors may want to keep in mind is the cost of utilities. The cost of electricity, water, and other services can be higher than expected, especially for those coming from countries with lower overall costs of living. It's important to budget accordingly and adjust expectations when it comes to keeping your accommodations comfortable and running smoothly.

That being said, many hotels and rental properties in Akure will offer amenities such as air conditioning, Wi-Fi, and hot water showers, all of which can be extremely helpful for travelers. It's important to factor these into your budget in addition to utilities costs to ensure a comfortable and enjoyable stay. Additionally, some hotels may offer package deals that include utilities, which can be a great way to save money while still enjoying all the perks of a well-appointed accommodation.

Basic utilities for 85m2 Apartment including Electricity, Heating or Cooling, Water and Garbage
13.14 $
Prepaid Mobile Tariff Local, price per 1 min, No Discounts or Plans
0.05 $
Internet, 60 Mbps or More, Unlimited Data, Cable/ADSL
13.14 $

Sports And Leisure prices

Akure, Nigeria offers a diverse range of sports and leisure activities for visitors. The city boasts several modern sports facilities, including soccer fields, basketball courts, volleyball courts, and golf courses. Whether you're looking to watch a game or participate in a friendly match with locals, there are plenty of opportunities for sports enthusiasts in Akure. You can also find several gyms and fitness centers throughout the city, making it easy to stay active during your stay.

For those looking for a more leisurely way to spend their time in Akure, there are plenty of options as well. The city is home to several parks and nature reserves, including the popular Idanre Hills which is a UNESCO World Heritage site. Visitors can take a hike up the hills for incredible views or explore the ancient settlements and temples in the area. Other options include visiting local museums or art galleries, trying local cuisine at one of the many restaurants in the city, or simply relaxing at one of the many public beaches on the coast.

Fitness Club, Monthly Fee for 1 Adult
15.77 $

Salaries And Financing prices

When it comes to salaries in Akure, Nigeria, it's important to note that they vary widely across industries and professions. For example, teachers and civil servants typically earn lower salaries than those in the private sector or those working in industries related to oil and gas. However, cost of living in Akure is generally lower, which can make salaries go further. Additionally, depending on one's negotiation skills, there may be a bit of wiggle room when it comes to compensation packages, so it's important to research and be prepared before accepting a job offer.

Financing in Akure can be a mixed bag, as the area is still developing and financial infrastructure can be limited in some areas. However, banks and financial institutions are available and can offer a range of services, including money transfers, loans, and savings accounts. It's also worth noting that credit cards may not be widely accepted, so be sure to have cash on hand. If you're planning on staying in Akure for an extended period, it may be worthwhile to research and compare interest rates and fees among different banks in order to find the best options for your needs.

Cinema ticket, 1 Seat
3.94 $
Average Monthly Net Salary, After Tax
122.64 $
Mortgage Interest Rate in Percentages for 20 Years Fixed-Rate, Yearly, Fixed-Rate
17.89 %

Childcare prices

Childcare prices in Akure, Nigeria can vary significantly depending on the type of care you are looking for. For families looking for quality education and care, schools in Akure can be an excellent option. Many schools offer a holistic curriculum that includes not only academic lessons, but also sports, cultural activities, and socialization opportunities. These kinds of schools often come with high fees, but offer top-notch education and facilities.

For younger children, Kindergartens can be a great choice for childcare. Kindergartens in Akure provide a nurturing and fun environment, where children can learn and grow while under the watchful eye of trained educators. Just like schools, Kindergartens come with varying prices depending on the quality of education and care provided. However, for families who prioritize early childhood education and social development, the cost can be well worth it.

Private Preschool or Kindergarten, Monthly for 1 Child
52.56 $
International Primary School, Yearly for 1 Child
578.18 $

Clothing And Shoes prices

Akure, Nigeria is a buzzing commercial city with a wide range of options to buy clothing and shoes. The prices of clothing and shoes in Akure vary depending on factors such as quality, brand, location, and market demand. However, one can easily find both affordable and high-end clothing options, making it easy to find what you're looking for, no matter your budget.

When it comes to places to buy clothing and shoes in Akure, there are countless options. From popular shopping malls to local marketplaces, there is something for everyone. Some of the most popular places to buy clothing and shoes include the Akure Mall, Oja-Oba Market, and Alagbaka Shopping Complex. Whether you prefer to shop in air-conditioned comfort or explore the bustling local markets, you're sure to find something to suit your style and taste in Akure.

Pair of Jeans in a Chain Store Like George, H&M, Zara, etc.
10.18 $
Summer Dress in a Chain Store Like George, H&M, Zara, etc.
10.07 $
Pair of Running Shoes, Mid-Range Price
39.42 $
Pair of Leather Business Shoes
43.80 $

Rent Per Month prices

Akure, Nigeria, offers a variety of short-term rental options for anyone looking for a comfortable and affordable place to stay. From budget-friendly apartments to luxurious villas, there are plenty of choices for everyone's taste and budget. These short-term rentals can be rented on a daily, weekly or monthly basis, depending on your preference and needs. Whether you're in Akure for business or leisure, these short stay options provide a convenient and flexible accommodation option for you.

Some of the short rent and stay options in Akure, Nigeria, include fully furnished apartments and guest houses. These units come complete with all the amenities you need for a comfortable stay, including air conditioning, internet connectivity, and housekeeping services. Depending on your preference, you can opt for a studio apartment or a larger unit with one or two bedrooms. Additionally, the prices for these short stay options vary depending on the location, size, and amenities of the unit you select. Regardless of your budget, you're sure to find a suitable option that meets your needs in Akure.

One bedroom apartment in city centre
367.93 $
One bedroom apartment outside of city centre
236.53 $
Three bedroom apartment in city centre
963.64 $
Three bedroom apartment outside of city centre
525.62 $