Cost of living comparison
Iceland is 3.9 times more expensive than Nigeria.
If you lived in Iceland instead of Nigeria, you would:
pay 7.2 times more for restaurants
Nigeria
|
Iceland
|
||
---|---|---|---|
Basic meal with drink at inexpensive restaurant |
$1.64
₦2,168.15
|
$17.84
kr2,507
|
|
Fast food combo meal
McDonalds, or similar
|
$5.58
₦7,368.63
|
$14.27
kr2,006
|
|
Bottle of Coca-Cola (11 fl. oz) |
$0.35
₦468.45
|
$2.32
kr326
|
|
Bottle of water (11 fl. oz) |
$0.24
₦311.90
|
$2.12
kr298
|
|
pay 2.2 times more for groceries
Nigeria
|
Iceland
|
||
---|---|---|---|
Bread
1 loaf
|
$1.05
₦1,386.19
|
$3.42
kr481
|
|
Local cheese (8 oz) |
$1.55
₦2,042.67
|
$5.98
kr841
|
|
Milk (1 gallon) |
$9.26
₦12,231.86
|
$5.33
kr749
|
|
Eggs
1 dozen
|
$1.87
₦2,466.80
|
$5.66
kr795
|
|
Boneless chicken breast (1 lb) |
$1.68
₦2,223.90
|
$7.09
kr997
|
|
Apples (1 lb) |
$1.57
₦2,080.23
|
$1.16
kr163
|
|
Bananas (1 lb) |
$0.70
₦921.56
|
$0.98
kr138
|
|
Oranges (1 lb) |
$0.53
₦694.49
|
$1.17
kr165
|
|
Tomatoes (1 lb) |
$0.71
₦938.77
|
$1.84
kr258
|
|
Potatoes (1 lb) |
$0.78
₦1,027.67
|
$0.96
kr134
|
|
Onions (1 lb) |
$0.60
₦799.31
|
$0.51
kr72
|
|
pay 3.5 times more for transportation
Nigeria
|
Iceland
|
||
---|---|---|---|
Gasoline (1 gallon) |
$1.37
₦1,805.02
|
$8.03
kr1,129
|
|
Monthly public transit pass |
$23.20
₦30,659.87
|
$77.40
kr10,879
|
|
New Volkswagen Golf 1.4 (standard edition) |
$14,662.06
₦19,375,535.33
|
$29,836.83
kr4,193,865
|
|
Taxi trip in downtown area (5 miles) |
$9.37
₦12,383.49
|
$23.97
kr3,369
|
|
pay 2.7 times more for housing
Nigeria
|
Iceland
|
||
---|---|---|---|
Internet connection
50 mbps or faster, cable/dsl
|
$40.44
₦53,439.97
|
$62.40
kr8,771
|
|
1-Bedroom apartment in downtown area |
$814.72
₦1,076,635.57
|
$1,437.14
kr202,005
|
|
1-Bedroom apartment outside city center |
$414.25
₦547,415.71
|
$1,215.63
kr170,868
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$15.73
₦20,780.99
|
$68.63
kr9,647
|
|
pay 2.3 times more for childcare
Nigeria
|
Iceland
|
||
---|---|---|---|
Private preschool for 1 child, monthly |
$82.01
₦108,370.38
|
$259.34
kr36,453
|
|
Middle school for 1 child, two semesters |
$1,992.54
₦2,633,090.68
|
$2,750.10
kr386,554
|
|
pay 5.8 times more for entertainment and sports
Nigeria
|
Iceland
|
||
---|---|---|---|
Domestic/local beer (1 pint) |
$0.75
₦987.78
|
$8.52
kr1,198
|
|
Cappuccino in mid-range area |
$1.87
₦2,476.99
|
$4.15
kr584
|
|
Pack of cigarettes
Marlboro or similar
|
$0.96
₦1,264.64
|
$10.64
kr1,495
|
|
Monthly membership at local gym |
$24.54
₦32,426.35
|
$56.90
kr7,998
|
|
Movie ticket to theater/cinema |
$5.83
₦7,705.87
|
$12.27
kr1,725
|
|
pay 3.8 times more for clothing
Nigeria
|
Iceland
|
||
---|---|---|---|
Regular jeans
Levi's brand
|
$16.79
₦22,182.89
|
$118.08
kr16,597
|
|
Regular dress
from H&M or similar store
|
$22.52
₦29,755.61
|
$50.39
kr7,083
|
|
Running shoes
Nike or Adidas
|
$46.88
₦61,956.34
|
$151.12
kr21,241
|
|
Men's business shoes (leather) |
$60.60
₦80,085.77
|
$175.20
kr24,626
|
|
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