Living In Nigeria VS UK (Cost of Living)
Over time, many Nigerians have relocated to the United Kingdom for diverse reasons either for business purposes, studying, or job opportunities. Even to date, many Nigerians are considering relocating to the UK due to insecurity, unemployment, and naira devaluation issues facing the country.
Oftentimes, many Nigerians tend to wonder whether it is cheaper to live in Nigeria compared to the UK especially when it comes to the cost of house rent and lifestyle in the UK. However, when calculating the average cost of living of a country, it is essential to consider the country’s location, lifestyle, and income level.
The United Kingdom is one of the most developed countries in the world with over 68 million people. Even though Nigeria is blessed with diverse natural resources and is also one of the developed countries in Africa, it can’t still be compared to the UK.
Presently, with the inflation of goods and naira devaluation, one can argue that the cost of living in the UK is Cheaper than living in Nigeria. Even though the cost of living is high in the UK, the resident makes more money from their jobs compared to jobs in Nigeria. for instance, a cleaner in the UK earns more than £2,000 (N1.9 million) per month; in Nigeria, they earn up to N60,000 (£65) per month.
However, in both countries, the cost of living varies depending on the location. If you want to know about the living in Nigeria vs. the UK cost of living, then you are in the perfect post. Let’s dive in….
Living In Nigeria VS UK Cost of Living
Below are the factors to consider when calculating the cost of living in Nigeria and the UK.
In the United Kingdom, the salary or wages differ depending on the location and contact. However, in the UK, you are paid per hour and you can earn more when you take an extra shift or work on the night shift. For instance, as a caretaker, you can up to £2,000 after the tax is deducted, and also you can earn more if you take on extra shifts.
In Nigeria, the salary also differs depending on the location. However, you are paid monthly in Nigeria and extra shifts or overtime are not paid. Therefore, when it comes to salary, people working in the UK earn far better than people working in Nigeria.
The cost of Rent in major Nigerian cities like Lagos, Abuja, and Port Harcourt for a two-bedroom flat ranges from N700,000(£750) to N1,500,000(£1550) per year. While in other cities or areas ranging from N250,000(£250) to N650,000(£680) for a two-bedroom flat.
In the UK, the cost of rent for a two-bedroom flat ranges from £700(N650,000) to £1500(N1,400,000) per month depending on the cities. The cost of rent in Nigeria is far cheaper compared to the UK.
In Nigeria, the cost of transportation varies depending on the means of transport you want to use. For instance, the cost of transport within an area in Nigeria depends on the type of transport such as a tricycle, car, bus, bike, and cab. However, since the recent hike in fuel prices, transportation costs have increased drastically.
In the UK, there are usually bus passes that allow you to move around the city which costs less. In general, the cost of transportation in the UK is cheaper than that in Nigeria.
According to research, the average cost of food for an individual in the UK ranges from £100 to £250. Even though foods are quite cheap, African foods are expensive in the UK. For instance, the cost of bread or a dozen eggs is less than £1.
In Nigeria, the average cost of food for individuals ranges from N30,000 to N50,000. The cost of food items has gone up due to the increment in the cost of fuel.
Living In Nigeria VS UK Cost of Living: Which is Cheaper?
From our research and findings, one can conclude that the cost of living in the UK is cheaper than living in Nigeria. Even though the cost of rent is high and paid monthly, the average salary in the UK is far better than in Nigeria. for instance, if you are earning £2000 per month in the UK and your rent costs £500, food items for the month cost £200, transportation cost £100, utility bill costs £300 and miscellaneous costs £200. After subtracting your monthly expenses, you would still be able to save up to £700 per month.
How is the economy of Nigeria compared to the UK?
The United Kingdom has a better GDP per capita than Nigeria. The UK also has a lower unemployment record than in Nigeria.
What is the cost of living in the UK for Nigerians?
The cost of living in the UK as Nigerian differs depending on the location and personal lifestyle. It usually ranges from £1,200 to £1,800 per month.
Which country is easiest for Nigerians to move to?
Top 5 easiest countries to relocate to from Nigeria
- United Kingdom
Conclusion: Living In Nigeria VS UK Cost of Living
From our facts, one can conclude that the cost of living in the UK is cheaper than living in Nigeria. Even though the cost of rent is high and paid monthly, the average salary in the UK is far better than in Nigeria.
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