Cost of living in Oyo

Oyo, a vibrant city in Nigeria, offers a unique blend of cultural heritage and modern living. Understanding the cost of living here is crucial for both residents and newcomers.

This guide provides a detailed breakdown of expenses in Oyo, covering essential categories such as dining, groceries, transportation, housing, and utilities.

Cost of Living Summary

Dining and Restaurants

Inexpensive Restaurant Meal - A meal at a casual restaurant will typically cost $2.8 on average, with a range between $1.31 and $6.79.
Mid-Range Restaurant (Three-Course Meal for Two) - For a more upscale dining experience, expect to pay around $48.97, with prices ranging from $32.65 to $88.77.
Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages $6.99, with a range between $5.33 and $10.
Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer ranges from $0.61 to $2, imported beer $1.03 to $2.66, cappuccino $1 to $3.99, and Coke/Pepsi $0.3 to $0.65.

Grocery Prices

Milk - Milk is priced between $1.52 and $4 per liter, averaging $2.62.
Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs between $0.77 and $2.18, with an average price of $1.47.
Eggs (Dozen) - A dozen eggs range from $1.22 to $3.34, averaging $2.06.
Fruits (e.g., Apples, Oranges) - Apples cost $1.33 to $6.45 per kg, while oranges range from $0.38 to $7.63 per kg.
Vegetables (e.g., Potatoes, Lettuce) - Potatoes are priced between $0.76 and $3.95 per kg, and lettuce costs $0.39 to $4.36 per head.

Transportation

Public Transport (One-Way Ticket) - A one-way local transport ticket costs $0.33.
Fuel (Gasoline) - Gasoline is priced between $0.4 and $0.82 per liter.
Taxi Fares - Taxi fares start at $1.22, with a cost of $1.03 to $2.72 per km and $3.6 to $7.87 per hour of waiting.

Housing Costs

1-Bedroom Apartment Rent (City Centre) - Rent for a 1-bedroom apartment in the city centre averages $381.38.
1-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent averages $223.9.
3-Bedroom Apartment Rent (City Centre) - Rent for a 3-bedroom apartment in the city centre averages $986.33.
3-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent averages $591.8.
Buying Price per Square Meter (City Centre) - The price per square meter to buy an apartment in the city centre averages $657.55.
Buying Price per Square Meter (Outside Centre) - Outside the centre, the price per square meter averages $164.39.

Utilities

Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost between $28.91 and $65.03, averaging $39.53.
Internet - Internet services range from $26.46 to $65.24, with an average cost of $40.12.

Worldwide

Nigeria

Cost of Living Rankings

The cost of living indices for Nigeria are compared to New York City (NYC), which serves as the baseline with an index of 100. These provide insights into the relative cost of living in different cities in Nigeria, covering factors like consumer goods, rent, and purchasing power.

Highest to LowestUpdated: Dec, 2024

1. Lagos

Nigeria

Cost of Living Data

The following pricing data has been gathered from 2 user contributions, as of the most recent update in November, 2024.

Restaurants

Avg / Range

Restaurants

Avg

Range

Meal, Inexpensive Restaurant

$2.80

Meal for 2 People, Mid-range Restaurant, Three-course

$48.97

McMeal at McDonalds (or Equivalent Combo Meal)

$6.99

Domestic Beer (0.5 liter draught)

$0.96

Imported Beer (0.33 liter bottle)

$1.56

Coke/Pepsi (0.33 liter bottle)

$0.38

Water (0.33 liter bottle)

$0.21

Cappuccino (regular)

$2.21

Markets

Avg / Range

Markets

Avg

Range

Milk (regular), (1 liter)

$2.62

Loaf of Fresh White Bread (500g)

$1.47

Eggs (regular) (12)

$2.06

Local Cheese (1kg)

$5.59

Water (1.5 liter bottle)

$0.46

Bottle of Wine (Mid-Range)

$5.60

Domestic Beer (0.5 liter bottle)

$0.90

Imported Beer (0.33 liter bottle)

$1.12

Cigarettes 20 Pack (Marlboro)

$1.20

Chicken Fillets (1kg)

$4.82

Apples (1kg)

$3.79

Oranges (1kg)

$2.17

Potato (1kg)

$2.46

Lettuce (1 head)

$2.15

Rice (white), (1kg)

$1.85

Tomato (1kg)

$2.74

Banana (1kg)

$2.75

Onion (1kg)

$1.87

Beef Round (1kg) (or Equivalent Back Leg Red Meat)

$5.73

Transportation

Avg / Range

Transportation

Avg

Range

One-way Ticket (Local Transport)

$0.33

Monthly Pass (Regular Price)

$13.15

Gasoline (1 liter)

$0.70

Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car)

$20,362.82

Taxi Start (Normal Tariff)

$1.22

Taxi 1km (Normal Tariff)

$2.20

Taxi 1hour Waiting (Normal Tariff)

$5.03

Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car)

$19,386.79

Rent Per Month

Avg / Range

Rent Per Month

Avg

Range

Avg

Range

Average Monthly Net Salary (After Tax)

$100.26

Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate

10%

Childcare

Avg / Range

Childcare

Avg

Range

Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child

$81.97

International Primary School, Yearly for 1 Child

$2,298.32

Overview Job Market

Oyo Cost of Living

"Key Takeaways"

Oyo offers a relatively affordable cost of living compared to many global cities, with low prices in dining and transportation.
Housing costs are moderate, especially outside the city centre, making it a viable option for budget-conscious residents.
Utilities and internet services are reasonably priced, contributing to the overall affordability of living in Oyo.

Conclusion

In conclusion, Oyo presents a cost-effective living environment with affordable dining, transportation, and housing options.

Potential residents can enjoy a balanced lifestyle without the high expenses associated with larger metropolitan areas.

Oyo

Nearby Cities

Ibadan30 miles

Lagos98 miles

Cotonou145 miles

All cities in Nigeria