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Cost of Living in Ikare

Ikare, Ondo, Nigeria

▼ -13% vs Nigeria average

Single person, monthly (incl. rent)₦504,505 ($325)
Couple, monthly₦901,797 ($582)
Family of four, monthly₦1,172,399 ($756)

Estimated Prices in Ikare

ExpenseEstimated costBasis
Meal at an inexpensive restaurant₦5,189 ($3.35)per meal
Three-course meal for two, mid-range₦20,758 ($13.39)per meal
Cappuccino₦1,557 ($1.00)each
Monthly groceries (single person)₦117,626 ($75.89)per month
Monthly public transport pass₦19,028 ($12.28)per month
Basic utilities for an 85m² apartment₦50,164 ($32.36)per month
Internet (60 Mbps, unlimited)₦14,530 ($9.37)per month
Fitness club membership₦14,530 ($9.37)per month
Cinema ticket₦3,806 ($2.46)each
One-bedroom apartment in city centre₦227,909 ($147)per month
One-bedroom apartment outside centre₦158,545 ($102)per month
Three-bedroom apartment in city centre₦475,636 ($307)per month

Salary & Budget Planning

The estimated average net salary in Ikare is ₦360,375 ($233) per month. To live comfortably — covering the full single-person budget of ₦504,505 ($325) with about 30% left over for savings — you would need a net income of roughly ₦655,857 ($423) per month.

Housing takes the largest share: rent for a one-bedroom outside the centre (₦158,545 ($102)) represents about 31% of the total single-person budget.

Compare Ikare

Ikare vs LagosIkare vs KanoIkare vs IbadanIkare vs AbujaIkare vs AwkaIkare vs Port Harcourt

Nearby Cities

Owo

40 km away · Ondo

Ipele

44 km away · Ondo

Itapa-Ekiti

53 km away · Ekiti

Okene

54 km away · Kogi

Aiyetoro Gbede

59 km away · Kogi

Ado-Ekiti

60 km away · Ekiti

Akure

68 km away · Ondo

Auchi

76 km away · Edo

Other Major Cities in Nigeria

Lagos

Lagos · pop. 16,637,000

₦724,579 ($467) / mo

Kano

Kano · pop. 4,348,000

₦628,574 ($406) / mo

Ibadan

Oyo · pop. 3,861,000

₦628,574 ($406) / mo

Abuja

Federal Capital Territory · pop. 3,770,000

₦628,574 ($406) / mo

Awka

Anambra · pop. 2,171,900

₦628,574 ($406) / mo

Port Harcourt

Rivers · pop. 1,865,000

₦628,574 ($406) / mo

Benin City

Edo · pop. 1,780,000

₦628,574 ($406) / mo

Nneyi-Umuleri

Anambra · pop. 1,500,000

₦628,574 ($406) / mo

Living in Ikare

Ikare is one of the key cities in Nigeria. The estimated monthly cost of living for a single person is ₦504,505 ($325), placing it below the national average. Housing represents the largest expense, with a one-bedroom apartment outside the city centre costing around ₦158,545 ($102) per month.

For families, the estimated budget rises to ₦1,172,399 ($756) per month, driven mainly by larger housing needs and increased food and transport spending. Couples can expect to spend approximately ₦901,797 ($582) monthly.

The average estimated net salary in Ikare is ₦360,375 ($233). To maintain a comfortable lifestyle with room for savings, a single person typically needs a net income of at least ₦655,857 ($423) per month.

Frequently Asked Questions

Is Ikare expensive to live in?
A single person needs an estimated ₦504,505 ($325) per month in Ikare including rent outside the city centre. That is 13% less than the national average for Nigeria.
What salary do you need to live comfortably in Ikare?
A net salary of around ₦655,857 ($423) per month lets a single person cover all estimated expenses in Ikare with roughly 30% left for savings. The estimated average net salary in Ikare is ₦360,375 ($233).
How much is rent in Ikare?
A one-bedroom apartment costs an estimated ₦227,909 ($147) per month in the city centre and ₦158,545 ($102) outside the centre. A three-bedroom in the centre runs about ₦475,636 ($307).
Is Ikare cheaper than Nigeria on average?
Yes — Ikare is estimated to be about 13% cheaper than the Nigeria average, making it a relatively affordable option in the country.
What is the cost of groceries in Ikare?
Monthly groceries for one person are estimated at ₦117,626 ($76) in Ikare. A meal at an inexpensive restaurant costs about ₦5,189 ($3) and a cappuccino runs around ₦1,557 ($1).
How do transport costs in Ikare compare?
A monthly public transport pass in Ikare is estimated at ₦19,028 ($12). Transport makes up a small share of the total budget compared to housing and food.
Figures for Ikare are estimates based on Nigeria national averages adjusted for city size. Last model update: July 2026. How we calculate.