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

Ibadan, located in Western Africa, is one of the largest cities in Nigeria with a population of over 3.5 million people. It is situated at an elevation of 181 meters above sea level and operates on the Africa/Lagos time zone.

Despite its large population, Ibadan boasts a relatively low cost of living compared to other Nigerian cities. This makes it an attractive destination for students, young professionals, and families alike. The city has a thriving arts and culture scene, with numerous museums, galleries, and performance spaces to explore. Additionally, its proximity to several natural attractions, including the Olumo Rock and the Oke-Ado Mountain, makes it a great place for outdoor enthusiasts.

If you're considering moving to Ibadan, it's important to note that while the cost of living may be lower than other cities, it can still vary depending on your lifestyle and preferences. Factors such as location, transportation, and housing will all impact your overall expenses. However, with proper planning and budgeting, living in Ibadan can offer a high quality of life without breaking the bank.

Cost of Living Estimate in Ibadan

Total cost of living in Ibadan for two person with average consumption for one month will be 432.07 USD, no rent price included. Click here to calculate cost-of-living estimate in Ibadan

You can calculate cost of living in Ibadan 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

One of the most popular dining options in Ibadan is the local street food scene. Visitors can find numerous food stalls and trucks offering delicious and authentic Nigerian cuisine like Suya, Pounded Yam and Egusi soup. These lively stalls are scattered all over the city and offer a great way for visitors to experience the local culture, connect with people and enjoy delicious food at affordable prices. Ibadan also has some nice restaurants that serve continental dishes, sea foods and snacks. From rooftop bars to cozy café-type restaurants, there are several options for an exciting and comfortable dining experience in the city.

Ibadan also provides vegetarian dining options to its guests who prefer plant-based food. Although meat is a big part of the Nigerian diet, it's possible to find vegetarian/vegan-friendly restaurants catering to a variety of dietary needs. These restaurants offer a range of dishes, including soups, stews, salads, and wraps made with locally-sourced fresh ingredients, so visitors can be sure of the quality of the food they consume. With the growing interest in healthy and environmentally-friendly diets around the world, Ibadan is responding to the trend and is now home to some exquisite plant-based restaurants that offer a unique fusion of international and local cuisine.

Meal in Inexpensive Restaurant
1.31 $
Meal for 2 People, Mid-range Restaurant, Three-course
11.17 $
McMeal at McDonalds or Alternative Combo Meal
6.57 $
Domestic Beer, 0.5 liter Draught
0.79 $
Cappuccino
1.89 $
Coca-Cola, 0.33 liter Bottle
0.32 $
Imported Beer, 0.33 liter Bottle
1.40 $

Markets prices

Ibadan is a bustling city in Nigeria, and like any other major urban center, market prices can fluctuate based on supply and demand. Vendors in Ibadan offer a wide array of goods, from fresh produce and seafood to handmade crafts and textiles. Depending on the season, prices may vary significantly. During peak harvest season, for example, the cost of fruits and vegetables may decrease, making it an ideal time to stock up on healthy ingredients.

When shopping in Ibadan, it's important to remember that prices are often negotiable. Haggling is a common practice in markets throughout West Africa, and vendors will often quote prices higher than what they expect to receive. This allows room for customers to negotiate a better deal, so don't be afraid to make a counteroffer if the initial asking price seems high. With a little bit of savvy bargaining and a friendly smile, you can score some great deals on high-quality goods in Ibadan's bustling markets.

Imported Beer, 0.33 liter Bottle
1.31 $
Water, 0.33 liter Bottle
0.17 $
Milk, Regular,1 liter
2.03 $
Loaf of Fresh White Bread, 0.5 kg
0.76 $
White Rice, 1 kg
1.63 $
Eggs, 12 pack
1.14 $
Local Cheese, 1 kg
2.98 $
Chicken Breasts, Boneless and Skinless, 1 kg
3.15 $
Beef Round or Equivalent Back Leg Red Meat, 1 kg
2.89 $
Apples, 1 kg
3.33 $
Banana, 1 kg
2.01 $
Oranges, 1 kg
2.01 $
Tomato, 1 kg
3.07 $
Potato, 1 kg
1.63 $
Onion, 1 kg
2.01 $
Lettuce, 1 head
0.53 $
Water, 1.5 liter Bottle
0.41 $
Bottle of Wine, Mid-Range Price
3.94 $
Domestic Beer, 0.5 liter Bottle
0.74 $
Pack of Cigarettes
0.92 $

Transportation prices

If you're traveling to Ibadan, Nigeria, you'll have several transportation options at your disposal. One popular means of getting around the city is by taxi. There are various taxi companies operating in the city, and you can easily hail a taxi on the street or via a ride-hailing app. You can also negotiate with the driver for a flat rate or use the metered fare. However, be prepared to negotiate the price as sometimes the taxi drivers tend to overcharge foreigners.

Another option for getting around Ibadan is by motorcycle taxi, locally known as "Okada." This option is ideal if you're traveling on a budget and want to avoid traffic jams. Okadas are ubiquitous in Ibadan, and you can find them everywhere on the streets. They are speedy, affordable, and can weave through traffic quickly. Keep in mind, however, that this mode of transportation isn't the safest, so it's essential to wear a helmet and hold tight to your belongings.

One-way Ticket, Local Transport
0.26 $
Monthly Pass, Regular Price
13.14 $
Taxi Start, Normal Tariff
1.18 $
Taxi, price for 1 km, Normal Tariff
0.26 $
Taxi, price for 1 hour Waiting, Normal Tariff
1.31 $
Gasoline, 1 liter
0.39 $

Utilities Per Month prices

Utilities cost in Ibadan, Nigeria may come as a surprise to travelers who are used to Western standards. Electricity and water bills can be relatively high compared to what locals earn, so it may be a good idea to budget accordingly. However, many hotels and guesthouses include utilities in their rates, so it's worth checking if this is the case before booking.

It's also worth noting that power outages are common in Ibadan, and many residents and businesses rely on generators to keep the lights on. This can result in additional costs for fuel and maintenance, which may be passed on to customers. If you're staying in a property that uses a generator, be prepared for some noise and potential interruptions to your power supply.

Basic utilities for 85m2 Apartment including Electricity, Heating or Cooling, Water and Garbage
16.75 $
Prepaid Mobile Tariff Local, price per 1 min, No Discounts or Plans
0.08 $
Internet, 60 Mbps or More, Unlimited Data, Cable/ADSL
28.91 $

Sports And Leisure prices

Ibadan, Nigeria offers a vibrant sports and leisure scene for travelers looking to relax and have fun. For those interested in outdoor activities, there are a variety of options such as hiking, cycling, and horseback riding. Ado-Awaye Mountains, a natural wonder located just outside of Ibadan, is a popular spot for visitors to enjoy a nature-filled experience. Another attraction is Agodi Gardens, a picturesque park that offers a range of activities including boating, picnicking, and a high ropes course. Sports enthusiasts can also head to the Lekan Salami Stadium, which hosts football matches and other sporting events.

In addition to outdoor activities, Ibadan offers plenty of opportunities for leisurely pursuits. Visitors can explore the rich and vibrant history of the city by visiting the Ibadan Cultural Centre or the National Museum of Unity. For art lovers, the Oyo State Art Council features a collection of contemporary Nigerian art. Alternatively, there are numerous restaurants, cafes, and vibrant markets where travelers can indulge in local cuisine and shop for souvenirs. Overall, whether you're looking for an active holiday or a more peaceful experience, Ibadan, Nigeria has something for everyone.

Fitness Club, Monthly Fee for 1 Adult
47.31 $
Tennis Court Rent, 1 Hour on Weekend
2.63 $

Salaries And Financing prices

Salaries and financing in Ibadan, Nigeria, can vary greatly depending on the industry you work in. The city offers a variety of job opportunities, ranging from the private sector to government jobs. For those working in the private sector, salaries can range from moderate to relatively high, while government jobs tend to offer more stable but lower pay. It's important to keep in mind that cost of living in Ibadan is relatively low, which can make even moderate salaries go a long way.

When it comes to financing, there are several major banks in Ibadan that offer a range of financial services to both individuals and businesses. The city has a well-developed banking system, with most major banks offering services such as savings and current accounts, loans, credit cards, and investment options. It’s important to note that access to financial services can be limited in some areas of the city, particularly in the outer suburbs. However, these areas are usually well-served by local microfinance institutions that provide access to credit and other financial services to those who may not have access to traditional banking services.

Cinema ticket, 1 Seat
3.29 $
Average Monthly Net Salary, After Tax
263.69 $
Mortgage Interest Rate in Percentages for 20 Years Fixed-Rate, Yearly, Fixed-Rate
20 %

Childcare prices

Childcare prices in Ibadan, Nigeria varies depending on the type of institution. For schools, the cost of childcare is generally on the higher side compared to kindergartens. This is because schools offer more advanced curriculums and facilities that cater to the needs of older children. However, most schools in Ibadan offer affordable childcare services that are accessible to parents who value quality education for their children.

On the other hand, Kindergartens in Ibadan offer cheaper childcare services compared to schools. However, the quality of education may not be as advanced as what is offered in schools. Kindergartens cater to the needs of younger children, usually from the ages of 2-5 years old. They offer basic academic programs, but also focus on the child's social and emotional development. Kindergartens in Ibadan are a good option for parents who want to give their child a good start in life, without breaking the bank.

Private Preschool or Kindergarten, Monthly for 1 Child
118.26 $
International Primary School, Yearly for 1 Child
2,409.10 $

Clothing And Shoes prices

Ibadan, Nigeria is a vibrant city with an array of clothing and shoe options. From local markets to high-end boutiques, shoppers can find a variety of styles and prices to fit their tastes and budgets. Traditional markets such as Bodija and Oja Oba offer affordable prices for those on a budget while designer stores in malls such as the Cocoa Mall and The Palms cater to those seeking luxury items. Visitors and residents alike can enjoy shopping around the city for the latest fashion trends.

When it comes to footwear, Ibadan has a wide range of options to choose from. From comfortable sandals to stylish high heels, there is something for everyone. The city has various markets where shoppers can find affordable, yet trendy shoes while malls like Jericho and Agodi offer name-brand options. The marketplaces usually offer a wide range of local products with intricate designs and colors that can make for a unique fashion statement. Whether you're looking for casual footwear or something more formal, Ibadan has got you covered.

Pair of Jeans in a Chain Store Like George, H&M, Zara, etc.
16.43 $
Summer Dress in a Chain Store Like George, H&M, Zara, etc.
34.82 $
Pair of Running Shoes, Mid-Range Price
34.17 $
Pair of Leather Business Shoes
55.19 $

Rent Per Month prices

If you're looking for a short-term stay in Ibadan, Nigeria, there are a variety of options available to you. One of the most popular options is short-term rentals, which allow you to rent a fully furnished apartment or house for a period of time that suits your needs. These rentals can be found throughout the city and offer a convenient and affordable way to stay in Ibadan.

In addition to short-term rentals, there are also a number of hotels and guesthouses that offer short-term stay options. These accommodations range from budget-friendly options to more luxurious offerings, so you can choose the one that best fits your needs and budget. No matter which option you choose, you're sure to find a comfortable and convenient place to stay in Ibadan.

One bedroom apartment in city centre
374.51 $
One bedroom apartment outside of city centre
194.48 $
Three bedroom apartment in city centre
946.12 $
Three bedroom apartment outside of city centre
551.90 $