Cost of living comparison
Iceland is 51.9% more expensive than Lagos.
If you lived in Iceland instead of Lagos, you would:
pay 75.9% more for restaurants
Lagos
|
Iceland
|
||
---|---|---|---|
Basic meal with drink at inexpensive restaurant |
$13.00
€12.06
|
$19.51
ISK2,723
|
|
Fast food combo meal
McDonalds, or similar
|
$7.58
€7.03
|
$16.45
ISK2,295
|
|
Bottle of Coca-Cola (11 fl. oz) |
$1.54
€1.43
|
$2.70
ISK377
|
|
Bottle of water (11 fl. oz) |
$1.21
€1.13
|
$1.95
ISK273
|
|
pay 52.9% more for groceries
Lagos
|
Iceland
|
||
---|---|---|---|
Bread
1 loaf
|
$1.84
€1.71
|
$3.16
ISK440
|
|
Local cheese (8 oz) |
$6.23
€5.78
|
$6.72
ISK937
|
|
Milk (1 gallon) |
$3.80
€3.53
|
$6.27
ISK875
|
|
Eggs
1 dozen
|
$2.84
€2.64
|
$6.03
ISK841
|
|
Boneless chicken breast (1 lb) |
$3.54
€3.28
|
$7.60
ISK1,061
|
|
Apples (1 lb) |
$1.14
€1.06
|
$1.13
ISK157
|
|
Bananas (1 lb) |
$0.63
€0.58
|
$1.01
ISK141
|
|
Oranges (1 lb) |
$1.05
€0.97
|
$1.15
ISK161
|
|
Tomatoes (1 lb) |
$0.97
€0.90
|
$1.71
ISK239
|
|
Potatoes (1 lb) |
$0.60
€0.55
|
$1.13
ISK158
|
|
Onions (1 lb) |
$0.91
€0.84
|
$0.68
ISK95
|
|
pay 54.3% more for transportation
Lagos
|
Iceland
|
||
---|---|---|---|
Gasoline (1 gallon) |
$6.89
€6.39
|
$8.42
ISK1,175
|
|
Monthly public transit pass |
$37.90
€35.17
|
$68.29
ISK9,530
|
|
New Volkswagen Golf 1.4 (standard edition) |
$29,782.15
€27,630.39
|
$39,714.69
ISK5,541,788
|
|
Taxi trip in downtown area (5 miles) |
$12.81
€11.88
|
$23.23
ISK3,241
|
|
pay 40.8% more for housing
Lagos
|
Iceland
|
||
---|---|---|---|
Internet connection
50 mbps or faster, cable/dsl
|
$47.38
€43.96
|
$74.47
ISK10,392
|
|
1-Bedroom apartment in downtown area |
$992.74
€921.01
|
$1,518.94
ISK211,953
|
|
1-Bedroom apartment outside city center |
$703.94
€653.08
|
$1,325.48
ISK184,957
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$103.52
€96.04
|
$66.99
ISK9,348
|
|
pay 29.5% less for childcare
Lagos
|
Iceland
|
||
---|---|---|---|
Private preschool for 1 child, monthly |
$406.12
€376.78
|
$254.97
ISK35,578
|
|
Middle school for 1 child, two semesters |
$7,660.33
€7,106.87
|
$5,993.83
ISK836,378
|
|
pay 2.1 times more for entertainment and sports
Lagos
|
Iceland
|
||
---|---|---|---|
Domestic/local beer (1 pint) |
$2.17
€2.01
|
$9.37
ISK1,308
|
|
Cappuccino in mid-range area |
$2.63
€2.44
|
$4.61
ISK644
|
|
Pack of cigarettes
Marlboro or similar
|
$5.47
€5.07
|
$11.22
ISK1,565
|
|
Monthly membership at local gym |
$71.48
€66.31
|
$60.00
ISK8,373
|
|
Movie ticket to theater/cinema |
$9.75
€9.04
|
$13.94
ISK1,945
|
|
pay 61.0% more for clothing
Lagos
|
Iceland
|
||
---|---|---|---|
Regular jeans
Levi's brand
|
$104.69
€97.12
|
$108.23
ISK15,103
|
|
Regular dress
from H&M or similar store
|
$32.49
€30.14
|
$59.73
ISK8,335
|
|
Running shoes
Nike or Adidas
|
$77.16
€71.59
|
$146.94
ISK20,504
|
|
Men's business shoes (leather) |
$101.80
€94.45
|
$169.24
ISK23,616
|
|
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