Busan vs Lagos
Home Price & Cost of Living Comparison
Live DataLast updated: March 31, 2026·Source: OECD, Numbeo & National Statistics
💡 Why it matters: Busan vs Lagos
Lagos is 70% more affordable for homebuyers. Busan has a price-to-income ratio of 9.5x compared to 10.5x in Lagos.
| Metric | Busan | Lagos |
|---|---|---|
| Avg Home Price | $320,000 | $95,000 |
| Price / sqm | $6,500 | $1,200 |
| Rent (1BR) | $550/mo | $500/mo |
| Rent (3BR) | $1,000/mo | $900/mo |
| Price-to-Income | 9.5x | 10.5x |
| Mortgage Rate | 3.8% | 18.5% |
| 1yr Change | +0.8% | +8.5% |
| Median Income | $34,000/yr | $9,000/yr |
| Population | 3,400,000 | 16,000,000 |
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HomePricePeek Research TeamData Specialists
Our team analyzes data from OECD, Numbeo & National Statistics to deliver accurate, up-to-date information. All data is verified and cross-referenced with official sources.
✓ OECD, Numbeo & National Statistics✓ Updated 2025
Frequently Asked Questions
Is Busan or Lagos more expensive?
Lagos is more affordable. Home prices differ by $225,000 (70%).
Which city has cheaper rent, Busan or Lagos?
Rent for a 1BR in Busan is $550/mo vs $500/mo in Lagos.
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