Cost of living comparison

Iceland

compared to

Nigeria

Nigeria vs. Iceland Cost of Living Summary

Nigeria is 61.3% cheaper than Iceland overall.

Restaurants: pay 82.2% less in Nigeria
Groceries: pay 26.5% less in Nigeria
Transportation: pay 55.5% less in Nigeria
Housing: pay 64.2% less in Nigeria
Childcare: pay 68.5% less in Nigeria
Entertainment and Sports: pay 65.5% less in Nigeria
Clothing: pay 66.5% less in Nigeria

Expenses including restaurants, childcare, clothing, entertainment and sports, housing, and transportation are lower in Nigeria.

Nigeria vs. Iceland Cost Breakdown

If you lived in Nigeria instead of Iceland, you would:

Display currency: USD

pay 82.2% less for restaurants

	Iceland	Nigeria
Basic meal with drink at inexpensive restaurant	$19.40 ISK2,475	$2.61 NGN4,185.12	-86.5%
Fast food combo meal McDonalds, or similar	$16.94 ISK2,162	$5.61 NGN8,988.19	-66.9%
Bottle of Coca-Cola (11 fl. oz)	$2.81 ISK359	$0.38 NGN609.65	-86.5%
Bottle of water (11 fl. oz)	$2.02 ISK258	$0.23 NGN362.74	-88.8%
Average			-82.2%

Iceland vs. Nigeria - Cost of restaurants

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pay 26.5% less for groceries

	Iceland	Nigeria
Bread 1 loaf	$2.95 ISK377	$1.27 NGN2,032.00	-57.1%
Local cheese (8 oz)	$7.27 ISK927	$2.51 NGN4,030.33	-65.4%
Milk (1 gallon)	$6.01 ISK766	$9.86 NGN15,805.52	+64.1%
Eggs 1 dozen	$5.42 ISK692	$1.87 NGN3,004.17	-65.4%
Boneless chicken breast (1 lb)	$8.51 ISK1,086	$2.04 NGN3,262.92	-76.1%
Apples (1 lb)	$1.22 ISK156	$1.75 NGN2,802.91	+42.9%
Bananas (1 lb)	$1.03 ISK131	$0.90 NGN1,447.30	-12.1%
Oranges (1 lb)	$1.17 ISK149	$0.73 NGN1,174.75	-37.4%
Tomatoes (1 lb)	$1.87 ISK239	$0.79 NGN1,263.06	-57.9%
Potatoes (1 lb)	$1.23 ISK158	$0.82 NGN1,311.34	-33.7%
Onions (1 lb)	$0.78 ISK100	$0.83 NGN1,337.82	+6.4%
Average			-26.5%

Iceland vs. Nigeria - Cost of groceries

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pay 55.5% less for transportation

	Iceland	Nigeria
Gasoline (1 gallon)	$8.36 ISK1,067	$2.41 NGN3,861.98	-71.2%
Monthly public transit pass	$71.28 ISK9,096	$36.26 NGN58,123.93	-49.1%
New Volkswagen Golf 1.4 (standard edition)	$40,660.66 ISK5,188,707	$16,757.94 NGN26,865,994.62	-58.8%
Taxi trip in downtown area (5 miles)	$22.04 ISK2,812	$12.54 NGN20,099.91	-43.1%
Average			-55.5%

Iceland vs. Nigeria - Cost of transportation

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pay 64.2% less for housing

	Iceland	Nigeria
Internet connection 50 mbps or faster, cable/dsl	$72.17 ISK9,210	$29.99 NGN48,086.41	-58.4%
1-Bedroom apartment in downtown area	$1,838.04 ISK234,552	$731.80 NGN1,173,207.95	-60.2%
1-Bedroom apartment outside city center	$1,497.77 ISK191,130	$456.14 NGN731,279.28	-69.5%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$58.01 ISK7,403	$18.28 NGN29,308.89	-68.5%
Average			-64.2%

Iceland vs. Nigeria - Cost of housing

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pay 68.5% less for childcare

	Iceland	Nigeria
Private preschool for 1 child, monthly	$258.16 ISK32,944	$85.98 NGN137,845.31	-66.7%
Middle school for 1 child, two semesters	$5,993.99 ISK764,894	$1,787.42 NGN2,865,563.34	-70.2%
Average			-68.5%

Iceland vs. Nigeria - Cost of childcare

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pay 65.5% less for entertainment and sports

	Iceland	Nigeria
Domestic/local beer (1 pint)	$9.19 ISK1,172	$0.91 NGN1,451.52	-90.1%
Cappuccino in mid-range area	$4.65 ISK593	$2.04 NGN3,263.70	-56.2%
Pack of cigarettes Marlboro or similar	$11.76 ISK1,500	$1.60 NGN2,564.16	-86.4%
Monthly membership at local gym	$61.46 ISK7,843	$36.79 NGN58,983.29	-40.1%
Movie ticket to theater/cinema	$14.35 ISK1,831	$6.47 NGN10,367.60	-54.9%
Average			-65.5%

Iceland vs. Nigeria - Cost of entertainment and sports

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pay 66.5% less for clothing

	Iceland	Nigeria
Regular jeans Levi's brand	$111.23 ISK14,194	$17.81 NGN28,558.24	-84.0%
Regular dress from H&M or similar store	$59.69 ISK7,617	$28.83 NGN46,226.53	-51.7%
Running shoes Nike or Adidas	$148.00 ISK18,886	$57.22 NGN91,730.43	-61.3%
Men's business shoes (leather)	$184.49 ISK23,543	$57.36 NGN91,963.88	-68.9%
Average			-66.5%

Iceland vs. Nigeria - Cost of clothing

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The statistics used to build this comparison are calculated using data from users just like you. We average the price of thousands of data points entered by users across the world. Learn more about our data sources. Page last updated: April 2025

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