Cost of living comparison
Nigeria is 61.3% cheaper than Iceland.
If you lived in Nigeria instead of Iceland, you would:
pay 82.2% less for restaurants
|
Iceland
|
Nigeria
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$19.40
ISK2,709
|
$2.61
NGN4,419.29
|
|
|
Fast food combo meal
McDonalds, or similar
|
$16.94
ISK2,366
|
$5.61
NGN9,491.11
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.81
ISK393
|
$0.38
NGN643.77
|
|
| Bottle of water (11 fl. oz) |
$2.02
ISK282
|
$0.23
NGN383.03
|
|
pay 26.5% less for groceries
|
Iceland
|
Nigeria
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$2.95
ISK413
|
$1.27
NGN2,145.69
|
|
| Local cheese (8 oz) |
$7.27
ISK1,015
|
$2.51
NGN4,255.84
|
|
| Milk (1 gallon) |
$6.01
ISK839
|
$9.86
NGN16,689.89
|
|
|
Eggs
1 dozen
|
$5.42
ISK757
|
$1.87
NGN3,172.26
|
|
| Boneless chicken breast (1 lb) |
$8.51
ISK1,188
|
$2.04
NGN3,445.50
|
|
| Apples (1 lb) |
$1.22
ISK171
|
$1.75
NGN2,959.74
|
|
| Bananas (1 lb) |
$1.03
ISK143
|
$0.90
NGN1,528.28
|
|
| Oranges (1 lb) |
$1.17
ISK164
|
$0.73
NGN1,240.48
|
|
| Tomatoes (1 lb) |
$1.87
ISK262
|
$0.79
NGN1,333.74
|
|
| Potatoes (1 lb) |
$1.23
ISK172
|
$0.82
NGN1,384.71
|
|
| Onions (1 lb) |
$0.78
ISK110
|
$0.83
NGN1,412.68
|
|
pay 55.5% less for transportation
|
Iceland
|
Nigeria
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$8.36
ISK1,168
|
$2.41
NGN4,078.07
|
|
| Monthly public transit pass |
$71.28
ISK9,956
|
$36.26
NGN61,376.15
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$40,660.66
ISK5,679,481
|
$16,757.94
NGN28,369,234.25
|
|
| Taxi trip in downtown area (5 miles) |
$22.04
ISK3,078
|
$12.54
NGN21,224.56
|
|
pay 64.2% less for housing
|
Iceland
|
Nigeria
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$72.17
ISK10,081
|
$29.99
NGN50,777.00
|
|
| 1-Bedroom apartment in downtown area |
$1,838.04
ISK256,737
|
$731.80
NGN1,238,852.74
|
|
| 1-Bedroom apartment outside city center |
$1,497.77
ISK209,209
|
$456.14
NGN772,196.73
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$58.01
ISK8,103
|
$18.28
NGN30,948.81
|
|
pay 68.5% less for childcare
|
Iceland
|
Nigeria
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$258.16
ISK36,060
|
$85.98
NGN145,558.20
|
|
| Middle school for 1 child, two semesters |
$5,993.99
ISK837,241
|
$1,787.42
NGN3,025,900.91
|
|
pay 65.5% less for entertainment and sports
|
Iceland
|
Nigeria
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$9.19
ISK1,283
|
$0.91
NGN1,532.73
|
|
| Cappuccino in mid-range area |
$4.65
ISK649
|
$2.04
NGN3,446.31
|
|
|
Pack of cigarettes
Marlboro or similar
|
$11.76
ISK1,642
|
$1.60
NGN2,707.63
|
|
| Monthly membership at local gym |
$61.46
ISK8,585
|
$36.79
NGN62,283.59
|
|
| Movie ticket to theater/cinema |
$14.35
ISK2,004
|
$6.47
NGN10,947.70
|
|
pay 66.5% less for clothing
|
Iceland
|
Nigeria
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$111.23
ISK15,537
|
$17.81
NGN30,156.17
|
|
|
Regular dress
from H&M or similar store
|
$59.69
ISK8,337
|
$28.83
NGN48,813.06
|
|
|
Running shoes
Nike or Adidas
|
$148.00
ISK20,673
|
$57.22
NGN96,863.04
|
|
| Men's business shoes (leather) |
$184.49
ISK25,770
|
$57.36
NGN97,109.56
|
|
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