Cost of living comparison
Nigeria is 59.8% cheaper than Iceland.
If you lived in Nigeria instead of Iceland, you would:
pay 81.3% less for restaurants
Iceland
|
Nigeria
|
||
---|---|---|---|
Basic meal with drink at inexpensive restaurant |
$17.84
kr2,439
|
$1.64
₦2,403.55
|
|
Fast food combo meal
McDonalds, or similar
|
$14.27
kr1,951
|
$5.58
₦8,168.65
|
|
Bottle of Coca-Cola (11 fl. oz) |
$2.32
kr317
|
$0.35
₦519.31
|
|
Bottle of water (11 fl. oz) |
$2.12
kr290
|
$0.24
₦345.77
|
|
pay 29.4% less for groceries
Iceland
|
Nigeria
|
||
---|---|---|---|
Bread
1 loaf
|
$3.42
kr468
|
$1.05
₦1,536.69
|
|
Local cheese (8 oz) |
$5.98
kr818
|
$1.55
₦2,264.45
|
|
Milk (1 gallon) |
$5.33
kr728
|
$9.26
₦13,559.90
|
|
Eggs
1 dozen
|
$5.66
kr774
|
$1.87
₦2,734.62
|
|
Boneless chicken breast (1 lb) |
$7.09
kr970
|
$1.68
₦2,465.36
|
|
Apples (1 lb) |
$1.16
kr159
|
$1.57
₦2,306.08
|
|
Bananas (1 lb) |
$0.98
kr134
|
$0.70
₦1,021.61
|
|
Oranges (1 lb) |
$1.17
kr160
|
$0.53
₦769.89
|
|
Tomatoes (1 lb) |
$1.84
kr251
|
$0.71
₦1,040.69
|
|
Potatoes (1 lb) |
$0.96
kr131
|
$0.78
₦1,139.25
|
|
Onions (1 lb) |
$0.51
kr70
|
$0.60
₦886.09
|
|
pay 66.2% less for transportation
Iceland
|
Nigeria
|
||
---|---|---|---|
Gasoline (1 gallon) |
$8.03
kr1,099
|
$1.37
₦2,000.99
|
|
Monthly public transit pass |
$77.40
kr10,584
|
$23.20
₦33,988.69
|
|
New Volkswagen Golf 1.4 (standard edition) |
$29,836.83
kr4,080,131
|
$14,662.06
₦21,479,182.41
|
|
Taxi trip in downtown area (5 miles) |
$23.97
kr3,277
|
$9.37
₦13,728.00
|
|
pay 55.4% less for housing
Iceland
|
Nigeria
|
||
---|---|---|---|
Internet connection
50 mbps or faster, cable/dsl
|
$62.40
kr8,533
|
$40.44
₦59,242.07
|
|
1-Bedroom apartment in downtown area |
$1,437.14
kr196,527
|
$814.72
₦1,193,528.41
|
|
1-Bedroom apartment outside city center |
$1,215.63
kr166,234
|
$414.25
₦606,849.92
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$68.63
kr9,385
|
$15.73
₦23,037.23
|
|
pay 48.0% less for childcare
Iceland
|
Nigeria
|
||
---|---|---|---|
Private preschool for 1 child, monthly |
$259.34
kr35,465
|
$82.01
₦120,136.40
|
|
Middle school for 1 child, two semesters |
$2,750.10
kr376,071
|
$1,992.54
₦2,918,971.47
|
|
pay 69.3% less for entertainment and sports
Iceland
|
Nigeria
|
||
---|---|---|---|
Domestic/local beer (1 pint) |
$8.52
kr1,165
|
$0.75
₦1,095.02
|
|
Cappuccino in mid-range area |
$4.15
kr568
|
$1.87
₦2,745.93
|
|
Pack of cigarettes
Marlboro or similar
|
$10.64
kr1,454
|
$0.96
₦1,401.94
|
|
Monthly membership at local gym |
$56.90
kr7,781
|
$24.54
₦35,946.95
|
|
Movie ticket to theater/cinema |
$12.27
kr1,678
|
$5.83
₦8,542.51
|
|
pay 68.9% less for clothing
Iceland
|
Nigeria
|
||
---|---|---|---|
Regular jeans
Levi's brand
|
$118.08
kr16,147
|
$16.79
₦24,591.33
|
|
Regular dress
from H&M or similar store
|
$50.39
kr6,891
|
$22.52
₦32,986.25
|
|
Running shoes
Nike or Adidas
|
$151.12
kr20,665
|
$46.88
₦68,683.09
|
|
Men's business shoes (leather) |
$175.20
kr23,958
|
$60.60
₦88,780.87
|
|
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