Cost of living comparison
Iceland is 2.9 times more expensive than Lagos.
If you lived in Iceland instead of Lagos, you would:
pay 5.3 times more for restaurants
Lagos
|
Iceland
|
||
---|---|---|---|
Basic meal with drink at inexpensive restaurant |
$3.23
NGN3,983.87
|
$17.84
ISK2,491
|
|
Fast food combo meal
McDonalds, or similar
|
$6.72
NGN8,300.20
|
$14.27
ISK1,992
|
|
Bottle of Coca-Cola (11 fl. oz) |
$0.41
NGN509.08
|
$2.32
ISK324
|
|
Bottle of water (11 fl. oz) |
$0.27
NGN331.99
|
$2.12
ISK296
|
|
pay 57.5% more for groceries
Lagos
|
Iceland
|
||
---|---|---|---|
Bread
1 loaf
|
$1.48
NGN1,833.38
|
$3.42
ISK478
|
|
Local cheese (8 oz) |
$2.04
NGN2,516.08
|
$5.98
ISK835
|
|
Milk (1 gallon) |
$13.65
NGN16,862.85
|
$5.33
ISK744
|
|
Eggs
1 dozen
|
$2.14
NGN2,643.11
|
$5.66
ISK790
|
|
Boneless chicken breast (1 lb) |
$2.52
NGN3,113.61
|
$7.09
ISK991
|
|
Apples (1 lb) |
$1.39
NGN1,720.38
|
$1.16
ISK162
|
|
Bananas (1 lb) |
$0.94
NGN1,156.26
|
$0.98
ISK137
|
|
Oranges (1 lb) |
$0.84
NGN1,031.34
|
$1.17
ISK164
|
|
Tomatoes (1 lb) |
$1.20
NGN1,486.78
|
$1.84
ISK256
|
|
Potatoes (1 lb) |
$1.22
NGN1,512.11
|
$0.96
ISK134
|
|
Onions (1 lb) |
$0.80
NGN984.37
|
$0.51
ISK71
|
|
pay 2.7 times more for transportation
Lagos
|
Iceland
|
||
---|---|---|---|
Gasoline (1 gallon) |
$1.44
NGN1,777.28
|
$8.03
ISK1,122
|
|
Monthly public transit pass |
$37.87
NGN46,767.18
|
$77.40
ISK10,808
|
|
New Volkswagen Golf 1.4 (standard edition) |
$17,204.30
NGN21,247,311.83
|
$29,836.83
ISK4,166,415
|
|
Taxi trip in downtown area (5 miles) |
$18.71
NGN23,106.45
|
$23.97
ISK3,347
|
|
pay 74.1% more for housing
Lagos
|
Iceland
|
||
---|---|---|---|
Internet connection
50 mbps or faster, cable/dsl
|
$51.66
NGN63,804.11
|
$62.40
ISK8,714
|
|
1-Bedroom apartment in downtown area |
$1,575.27
NGN1,945,457.83
|
$1,437.14
ISK200,683
|
|
1-Bedroom apartment outside city center |
$733.14
NGN905,425.46
|
$1,215.63
ISK169,750
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$21.54
NGN26,595.85
|
$68.63
ISK9,583
|
|
pay 54.9% more for childcare
Lagos
|
Iceland
|
||
---|---|---|---|
Private preschool for 1 child, monthly |
$121.04
NGN149,483.69
|
$259.34
ISK36,215
|
|
Middle school for 1 child, two semesters |
$2,879.46
NGN3,556,129.03
|
$2,750.10
ISK384,024
|
|
pay 4.4 times more for entertainment and sports
Lagos
|
Iceland
|
||
---|---|---|---|
Domestic/local beer (1 pint) |
$1.08
NGN1,327.96
|
$8.52
ISK1,190
|
|
Cappuccino in mid-range area |
$3.30
NGN4,069.90
|
$4.15
ISK580
|
|
Pack of cigarettes
Marlboro or similar
|
$1.08
NGN1,327.96
|
$10.64
ISK1,485
|
|
Monthly membership at local gym |
$39.63
NGN48,944.70
|
$56.90
ISK7,946
|
|
Movie ticket to theater/cinema |
$7.53
NGN9,295.70
|
$12.27
ISK1,714
|
|
pay 3.2 times more for clothing
Lagos
|
Iceland
|
||
---|---|---|---|
Regular jeans
Levi's brand
|
$20.10
NGN24,827.02
|
$118.08
ISK16,488
|
|
Regular dress
from H&M or similar store
|
$26.09
NGN32,220.43
|
$50.39
ISK7,036
|
|
Running shoes
Nike or Adidas
|
$66.48
NGN82,102.38
|
$151.12
ISK21,102
|
|
Men's business shoes (leather) |
$65.59
NGN81,005.38
|
$175.20
ISK24,465
|
|
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