Published: Monday, 21th October 2024
The cost of living in Nigeria is 2.78 times less expensive as compared to Ecuador.
On this page, you will find side-by-side cost comparison between Nigeria and Ecuador. We have created 172 cost-of-living indicators. We average the prices of all those indicators and take a mathematically calculated approach to determine which country is more expensive to live in between Nigeria and Ecuador.
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Indicators | Nigeria | Ecuador |
---|---|---|
1 BHK Apartment in City Center | 500,000 NGN (650 USD) | 500 USD |
2 BHK Apartment in City Center | 800,000 NGN (1,040 USD) | 750 USD |
3 BHK Apartment in City Center | 1,200,000 NGN (1,560 USD) | 1,000 USD |
1 BHK Apartment outside City Center | 300,000 NGN (390 USD) | 300 USD |
2 BHK Apartment outside City Center | 500,000 NGN (650 USD) | 500 USD |
3 BHK Apartment outside City Center | 800,000 NGN (1,040 USD) | 700 USD |
Mortgage Rates Per Month | 1.8 % | 8 % |
Realtor Commission | 5 % | 8 % |
Property Taxes | 0.5 to 1.5 % | 0.025 to 0.5 % |
The average housing cost in Nigeria is 1.41 times more expensive than Ecuador.
Indicators | Nigeria | Ecuador |
---|---|---|
Basic Home Furnishing | 2,000,000 NGN (2,600 USD) | 2,000 USD |
Electricity Cost Per Month | 20,000 NGN (26 USD) | 60 USD |
Heating Cost Per Month | 15,000 NGN (19.50 USD) | 50 USD |
Cooling Cost Per Month | 25,000 NGN (32.50 USD) | 40 USD |
Water Supply Cost Per Month | 15,000 NGN (19.50 USD) | 25 USD |
If you lived in Nigeria, instead of Ecuador, you would have to pay 24.02% more for Utilities.
The basic home furnishing in Nigeria costs 1.30 times more compared to Ecuador.
Indicators | Nigeria | Ecuador |
---|---|---|
Standard Wifi Cost Per Month | 20,000 NGN (26 USD) | 30 USD |
Mobile Phone Basic Plan Cost Per Month | 7,000 NGN (9.10 USD) | 15 USD |
Landline Basic Plan Cost Per Month | 5,000 NGN (6.50 USD) | 20 USD |
Cable TV Basic Plan Cost Per Month | 15,000 NGN (19.50 USD) | 30 USD |
The internet and communication costs 35.68% less in Nigeria compared to Ecuador.
Indicators | Nigeria | Ecuador |
---|---|---|
Long Grain Rice (1 KG) | 800 NGN (1.04 USD) | 1.50 USD |
Milk (1 Liter) | 400 NGN (0.52 USD) | 1 USD |
Water (1 Liter) | 200 NGN (0.26 USD) | 0.60 USD |
Bread (500 gm) | 300 NGN (0.39 USD) | 0.80 USD |
Eggs (1 Dozen) | 700 NGN (0.91 USD) | 2.50 USD |
Cheese (1 KG) | 1,500 NGN (1.95 USD) | 7 USD |
Chicken Breast (1 KG) | 1,500 NGN (1.95 USD) | 6 USD |
In Nigeria, the cost of 1 Liter Water and 1 Liter Milk is 2.05 times less expensive than the cost in Ecuador.
If you lived in Nigeria, instead of Ecuador, you would have to pay 63.81% less for Groceries.
Indicators | Nigeria | Ecuador |
---|---|---|
Apples (1 KG) | 1,000 NGN (1.30 USD) | 3 USD |
Bananas (1 KG) | 600 NGN (0.78 USD) | 1.20 USD |
Oranges (1 KG) | 800 NGN (1.04 USD) | 2 USD |
Tomatoes (1 KG) | 600 NGN (0.78 USD) | 1.80 USD |
Potatoes (1 KG) | 500 NGN (0.65 USD) | 1.20 USD |
Lemons (1 KG) | 800 NGN (1.04 USD) | 2.50 USD |
Onions (1 KG) | 600 NGN (0.78 USD) | 1.50 USD |
Lentils (1 KG) | 1,000 NGN (1.30 USD) | 2 USD |
If you lived in Nigeria, instead of Ecuador, you would have to pay 1.98 times less for Fruits and Vegetables.
Indicators | Nigeria | Ecuador |
---|---|---|
Meal at a Resonable Restaurant | 2,000 NGN (2.60 USD) | 6 USD |
Three-Course Meal for Two | 7,000 NGN (9.10 USD) | 25 USD |
Fast Food Combo Meal | 1,000 NGN (1.30 USD) | 5 USD |
Normal Coffee | 300 NGN (0.39 USD) | 2.50 USD |
Soft Drink | 200 NGN (0.26 USD) | 1.20 USD |
Pizza for One | 3,000 NGN (3.90 USD) | 10 USD |
Take-Out Delivery Meal | 2,000 NGN (2.60 USD) | 7 USD |
Cigarette Pack of 20 | 1,500 NGN (1.95 USD) | 4 USD |
Dining-Out costs 63.59% less in Nigeria compared to Ecuador.
Indicators | Nigeria | Ecuador |
---|---|---|
Wine Mid-Range Bottle | 3,000 NGN (3.90 USD) | 12 USD |
Glass of Wine | 1,500 NGN (1.95 USD) | 4 USD |
Domestic Beer Half Liter | 600 NGN (0.78 USD) | 1.20 USD |
Imported Beer Half Liter | 1,200 NGN (1.56 USD) | 2 USD |
Domestic Alcohol 1 Liter | 3,000 NGN (3.90 USD) | 10 USD |
Branded Alcohol 1 Liter | 5,000 NGN (6.50 USD) | 15 USD |
If you lived in Nigeria, instead of Ecuador, you would have to pay 2.38 times less for usual hard drinks.
Indicators | Nigeria | Ecuador |
---|---|---|
Monthly Public Transportation Pass | 15,000 NGN (19.50 USD) | 30 USD |
Single Public Transportation Ticket | 200 NGN (0.26 USD) | 0.70 USD |
Single Train Ticket | Yet to Update () | 35 USD |
Domestic Airplane Ticket | 50,000 NGN (65 USD) | 100 USD |
Taxi Start Fare | 500 NGN (0.65 USD) | 2 USD |
Taxi Rate Per Kilometer | 300 NGN (0.39 USD) | 1 USD |
Car Rental Per Day | 15,000 NGN (19.50 USD) | 30 USD |
Parking Fees in City Center Per Hour | 200 NGN (0.26 USD) | 1.50 USD |
Parking Fees outside City Center Per Hour | 100 NGN (0.13 USD) | 1 USD |
If you lived in Nigeria, instead of Ecuador, you would have to pay 1.90 times less for transportation.
Indicators | Nigeria | Ecuador |
---|---|---|
Reasonable Vehicle Purchase Cost | 1,500,000 NGN (1,950 USD) | 20,000 USD |
Vehicle Registration Cost | 50,000 NGN (65 USD) | 100 USD |
Driving License Fees | 10,000 NGN (13 USD) | 25 USD |
Car Insurance Cost | 30,000 NGN (39 USD) | 400 USD |
Car Maintenance Cost | 15,000 NGN (19.50 USD) | 200 USD |
Car Loan Interest Rates | 12 % | 8 % |
Fuel Per Liter | 300 NGN (0.39 USD) | 1.30 USD |
Fuel Per Gallon | 1,200 NGN (1.56 USD) | 5 USD |
Average Toll Fees | Yet to Update | 7 USD |
You would have to pay 9.93 times less for Vehicle purchase, daily operation and maintenance in Nigeria compared to that of Ecuador.
Indicators | Nigeria | Ecuador |
---|---|---|
Doctor Visit | 3,000 NGN (3.90 USD) | 25 USD |
Specialist Visit | 7,000 NGN (9.10 USD) | 60 USD |
Dentist Visit | 5,000 NGN (6.50 USD) | 40 USD |
Eye Exam | 2,000 NGN (2.60 USD) | 20 USD |
Mental Health Counseling | 5,000 NGN (6.50 USD) | 40 USD |
Preventive Health Screening | 3,000 NGN (3.90 USD) | 100 USD |
Physical Therapy | 3,000 NGN (3.90 USD) | 25 USD |
Emergency Room Visit | 25,000 NGN (32.50 USD) | 80 USD |
Hospital Stay Per Night | 15,000 NGN (19.50 USD) | 100 USD |
Vaccinations | 2,000 NGN (2.60 USD) | 15 USD |
Prescription Medication | 1,000 NGN (1.30 USD) | 15 USD |
Over the Counter Medication | 500 NGN (0.65 USD) | 8 USD |
Health Insurance Premiums | 25,000 NGN (32.50 USD) | 60 USD |
Health Insurance Deductibles | 10,000 NGN (13 USD) | 150 USD |
If you lived in Nigeria, instead of Ecuador, you would have to pay 5.33 times less for Health and Medical Treatment.
Indicators | Nigeria | Ecuador |
---|---|---|
Cosmetic Procedures | 8,000 NGN (10.40 USD) | 100 USD |
Spa Treatment | 5,000 NGN (6.50 USD) | 60 USD |
Manicure Pedicure Cost | 2,000 NGN (2.60 USD) | 20 USD |
Optical Glasses Cost | 5,000 NGN (6.50 USD) | 60 USD |
Contact Lenses Cost | 3,000 NGN (3.90 USD) | 30 USD |
Haircuts | 1,500 NGN (1.95 USD) | 12 USD |
Hair Coloring | 3,000 NGN (3.90 USD) | 35 USD |
Shampoo Price | 500 NGN (0.65 USD) | 2 USD |
Toothpaste Price | 200 NGN (0.26 USD) | 1.50 USD |
If you lived in Nigeria, instead of Ecuador, you would have to pay 8.74 times less for Personal Care Items and Treatment.
Indicators | Nigeria | Ecuador |
---|---|---|
Pair of Nike Running Shoes | 40,000 NGN (52 USD) | 80 USD |
Men's Shirt | 6,000 NGN (7.80 USD) | 25 USD |
Women's Dress | 12,000 NGN (15.60 USD) | 50 USD |
Summer Dress | 8,000 NGN (10.40 USD) | 30 USD |
Men's Suit | 30,000 NGN (39 USD) | 200 USD |
Men's Jeans | 10,000 NGN (13 USD) | 40 USD |
Women's Jeans | 8,000 NGN (10.40 USD) | 40 USD |
Men's Formal Shoes | 20,000 NGN (26 USD) | 60 USD |
Women's Formal Shoes | 20,000 NGN (26 USD) | 60 USD |
Men's Casual Shoes | 15,000 NGN (19.50 USD) | 50 USD |
Women's Casual Shoes | 12,000 NGN (15.60 USD) | 50 USD |
Underwear For Men | 1,000 NGN (1.30 USD) | 8 USD |
Underwear For Women | 1,500 NGN (1.95 USD) | 8 USD |
Socks For Men | 500 NGN (0.65 USD) | 4 USD |
Socks For Women | 500 NGN (0.65 USD) | 4 USD |
Wintercoat for Adults | 12,000 NGN (15.60 USD) | 70 USD |
Sportswear | 8,000 NGN (10.40 USD) | 35 USD |
If you lived in Nigeria, instead of Ecuador, you would have to pay 3.06 times less for Clothing and Footwear for Adults.
Indicators | Nigeria | Ecuador |
---|---|---|
Children's Jeans | 4,000 NGN (5.20 USD) | 25 USD |
Children's Normal Sneakers | 6,000 NGN (7.80 USD) | 35 USD |
Children's Winter Coat | 8,000 NGN (10.40 USD) | 50 USD |
Daycare for Infant | 25,000 NGN (32.50 USD) | 180 USD |
Daycare for Toddler | 20,000 NGN (26 USD) | 150 USD |
Childcare for Sick Days | 4,000 NGN (5.20 USD) | 35 USD |
Early Childhood Education Programs | 20,000 NGN (26 USD) | 180 USD |
Extra Curricular Activities | 6,000 NGN (7.80 USD) | 70 USD |
Summer Camp for Kids | 20,000 NGN (26 USD) | 120 USD |
If you lived in Nigeria, instead of Ecuador, you would have to pay 5.75 times less for Childcare and kids clothing.
Indicators | Nigeria | Ecuador |
---|---|---|
PreSchool Fees | 40,000 NGN (52 USD) | 160 USD |
Primary School Fees | 60,000 NGN (78 USD) | 250 USD |
Secondary School Fees | 70,000 NGN (91 USD) | 300 USD |
Private School Fees | 90,000 NGN (117 USD) | 600 USD |
University Tuition Fees | 120,000 NGN (156 USD) | 1,200 USD |
University Private Tuition Fees | 180,000 NGN (234 USD) | 1,800 USD |
After School Activities | 5,000 NGN (6.50 USD) | 60 USD |
Special Education Services | 30,000 NGN (39 USD) | 150 USD |
Tutoring | 3,000 NGN (3.90 USD) | 25 USD |
Textbooks Cost | 5,000 NGN (6.50 USD) | 60 USD |
School Supplies | 2,000 NGN (2.60 USD) | 30 USD |
If you lived in Nigeria, instead of Ecuador, you would have to pay 5.89 times less for school and education.
Indicators | Nigeria | Ecuador |
---|---|---|
Movie Ticket (Single) | 1,500 NGN (1.95 USD) | 5 USD |
Theater Ticket (Single) | 2,000 NGN (2.60 USD) | 10 USD |
Concert Ticket (Single) | 3,000 NGN (3.90 USD) | 20 USD |
Sports Event Ticket (Single) | 2,500 NGN (3.25 USD) | 15 USD |
Gym Membership | 5,000 NGN (6.50 USD) | 35 USD |
Swimming Pool Access | 3,000 NGN (3.90 USD) | 25 USD |
Museum Entry Ticket | 1,000 NGN (1.30 USD) | 6 USD |
Zoo Entry Ticket | 1,500 NGN (1.95 USD) | 8 USD |
Amusement Park Entry Ticket | 2,000 NGN (2.60 USD) | 15 USD |
Bowling | 1,500 NGN (1.95 USD) | 10 USD |
Mini Golf | 1,500 NGN (1.95 USD) | 8 USD |
Video Games | 6,000 NGN (7.80 USD) | 45 USD |
Streaming Services | 2,000 NGN (2.60 USD) | 15 USD |
Outdoor Equipment Rental | 1,500 NGN (1.95 USD) | 25 USD |
Theme Park Annual Pass | 50,000 NGN (65 USD) | 200 USD |
If you lived in Nigeria, instead of Ecuador, you would have to pay 4.05 times less for entertainment, recreation and fun activities.
Indicators | Nigeria | Ecuador |
---|---|---|
Language Classes | 25,000 NGN (32.50 USD) | 60 USD |
Parenting Classes | 15,000 NGN (19.50 USD) | 45 USD |
Art Classes | 3,000 NGN (3.90 USD) | 20 USD |
Fitness Classes | 2,000 NGN (2.60 USD) | 12 USD |
Music Lessons | 4,000 NGN (5.20 USD) | 25 USD |
Dance Lessons | 4,000 NGN (5.20 USD) | 25 USD |
Reading Materials for Classes | 1,000 NGN (1.30 USD) | 12 USD |
Educational Software | 15,000 NGN (19.50 USD) | 35 USD |
If you lived in Nigeria, instead of Ecuador, you would have to pay 2.61 times less for Private Classes.
Indicators | Nigeria | Ecuador |
---|---|---|
Average Gross Monthly Salary | 200,000 NGN (260 USD) | 1,000 USD |
Average Net Monthly Salary | 120,000 NGN (156 USD) | 800 USD |
Minimum Wages | 1,000 NGN per hour (1.30 USD) | 13.33 USD per hour |
Average Bonus | 20,000 NGN (26 USD) | 100 USD |
Income Tax Rate | 0 to 7.5 % | 0 to 12 % |
Social Security Contributions | 7 % | 9 % |
Pension Contributions | 8 % | 7 % |
Cost of Living Index | 40 | 50 |
Median Household Income | 1,200,000 NGN (1,560 USD) | 1,200 USD |
If you lived in Nigeria, you would earn 1.55 times less salary as compared to Ecuador.
Indicators | Nigeria | Ecuador |
---|---|---|
Legal Consultation Per Hour Rate | 5,000 NGN (6.50 USD) | 60 USD |
Accounting Services Per Hour Rate | 7,000 NGN (9.10 USD) | 50 USD |
IT Support Services Per Hour Rate | 7,000 NGN (9.10 USD) | 40 USD |
Technician Services Per Hour Rate | 6,000 NGN (7.80 USD) | 45 USD |
Professional Services cost 6.00 times less in Nigeria, as compared to Ecuador.
We hope you enjoyed the detailed guide on the cost of living comparsion between Nigeria and Ecuador.
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