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
₦2,127.99
|
$17.84
kr2,519
|
|
Fast food combo meal
McDonalds, or similar
|
$5.58
₦7,232.15
|
$14.27
kr2,015
|
|
Bottle of Coca-Cola (11 fl. oz) |
$0.35
₦459.77
|
$2.32
kr327
|
|
Bottle of water (11 fl. oz) |
$0.24
₦306.13
|
$2.12
kr300
|
|
pay 2.2 times more for groceries
Nigeria
|
Iceland
|
||
---|---|---|---|
Bread
1 loaf
|
$1.05
₦1,360.51
|
$3.42
kr484
|
|
Local cheese (8 oz) |
$1.55
₦2,004.84
|
$5.98
kr845
|
|
Milk (1 gallon) |
$9.26
₦12,005.32
|
$5.33
kr752
|
|
Eggs
1 dozen
|
$1.87
₦2,421.11
|
$5.66
kr799
|
|
Boneless chicken breast (1 lb) |
$1.68
₦2,182.71
|
$7.09
kr1,002
|
|
Apples (1 lb) |
$1.57
₦2,041.70
|
$1.16
kr164
|
|
Bananas (1 lb) |
$0.70
₦904.49
|
$0.98
kr139
|
|
Oranges (1 lb) |
$0.53
₦681.63
|
$1.17
kr166
|
|
Tomatoes (1 lb) |
$0.71
₦921.38
|
$1.84
kr259
|
|
Potatoes (1 lb) |
$0.78
₦1,008.64
|
$0.96
kr135
|
|
Onions (1 lb) |
$0.60
₦784.51
|
$0.51
kr72
|
|
pay 3.5 times more for transportation
Nigeria
|
Iceland
|
||
---|---|---|---|
Gasoline (1 gallon) |
$1.37
₦1,771.59
|
$8.03
kr1,135
|
|
Monthly public transit pass |
$23.20
₦30,092.04
|
$77.40
kr10,932
|
|
New Volkswagen Golf 1.4 (standard edition) |
$14,662.06
₦19,016,689.71
|
$29,836.83
kr4,214,452
|
|
Taxi trip in downtown area (5 miles) |
$9.37
₦12,154.15
|
$23.97
kr3,385
|
|
pay 2.7 times more for housing
Nigeria
|
Iceland
|
||
---|---|---|---|
Internet connection
50 mbps or faster, cable/dsl
|
$40.44
₦52,450.23
|
$62.40
kr8,814
|
|
1-Bedroom apartment in downtown area |
$814.72
₦1,056,695.68
|
$1,437.14
kr202,996
|
|
1-Bedroom apartment outside city center |
$414.25
₦537,277.27
|
$1,215.63
kr171,707
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$15.73
₦20,396.11
|
$68.63
kr9,694
|
|
pay 2.3 times more for childcare
Nigeria
|
Iceland
|
||
---|---|---|---|
Private preschool for 1 child, monthly |
$82.01
₦106,363.30
|
$259.34
kr36,632
|
|
Middle school for 1 child, two semesters |
$1,992.54
₦2,584,324.38
|
$2,750.10
kr388,451
|
|
pay 5.8 times more for entertainment and sports
Nigeria
|
Iceland
|
||
---|---|---|---|
Domestic/local beer (1 pint) |
$0.75
₦969.48
|
$8.52
kr1,204
|
|
Cappuccino in mid-range area |
$1.87
₦2,431.12
|
$4.15
kr587
|
|
Pack of cigarettes
Marlboro or similar
|
$0.96
₦1,241.22
|
$10.64
kr1,502
|
|
Monthly membership at local gym |
$24.54
₦31,825.79
|
$56.90
kr8,037
|
|
Movie ticket to theater/cinema |
$5.83
₦7,563.15
|
$12.27
kr1,734
|
|
pay 3.8 times more for clothing
Nigeria
|
Iceland
|
||
---|---|---|---|
Regular jeans
Levi's brand
|
$16.79
₦21,772.05
|
$118.08
kr16,678
|
|
Regular dress
from H&M or similar store
|
$22.52
₦29,204.52
|
$50.39
kr7,117
|
|
Running shoes
Nike or Adidas
|
$46.88
₦60,808.88
|
$151.12
kr21,345
|
|
Men's business shoes (leather) |
$60.60
₦78,602.54
|
$175.20
kr24,747
|
|
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