Cost of living comparison

compared to

Reykjavik is 90.3% more expensive than Lagos.

If you lived in Reykjavik instead of Lagos, you would:

Display currency: USD

pay 77.5% more for restaurants

 
Lagos
Reykjavik
Basic meal with drink at inexpensive restaurant $10.72
€10.29
$20.00
ISK2,794
Fast food combo meal
McDonalds, or similar
$7.77
€7.46
$18.02
ISK2,517
Bottle of Coca-Cola (11 fl. oz) $2.08
€2.00
$3.15
ISK441

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pay 84.8% more for groceries

 
Lagos
Reykjavik
Bread
1 loaf
$1.43
€1.37
$3.61
ISK504
Local cheese (8 oz) $5.63
€5.40
$7.76
ISK1,084
Milk (1 gallon) $3.96
€3.80
$6.40
ISK895

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pay 77.9% more for transportation

 
Lagos
Reykjavik
Gasoline (1 gallon) $6.73
€6.46
$8.50
ISK1,187
Monthly public transit pass $32.15
€30.86
$74.95
ISK10,470
New Volkswagen Golf 1.4 (standard edition) $32,152.89
€30,862.82
$42,450.45
ISK5,929,479

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pay 55.5% more for housing

 
Lagos
Reykjavik
Internet connection
50 mbps or faster, cable/dsl
$41.53
€39.86
$69.87
ISK9,759
1-Bedroom apartment in downtown area $982.45
€943.03
$1,971.17
ISK275,333
1-Bedroom apartment outside city center $964.59
€925.88
$1,803.44
ISK251,904

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pay 35.3% less for childcare

 
Lagos
Reykjavik
Private preschool for 1 child, monthly $509.09
€488.66
$252.14
ISK35,219
Middle school for 1 child, two semesters $7,502.34
€7,201.33
$5,993.99
ISK837,241

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pay 2.6 times more for entertainment and sports

 
Lagos
Reykjavik
Domestic/local beer (1 pint) $2.14
€2.06
$10.81
ISK1,510
Cappuccino in mid-range area $1.96
€1.88
$5.31
ISK741
Pack of cigarettes
Marlboro or similar
$5.89
€5.66
$12.25
ISK1,710

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pay 3.1 times more for clothing

 
Lagos
Reykjavik
Regular jeans
Levi's brand
$85.74
€82.30
$108.97
ISK15,221
Regular dress
from H&M or similar store
$15.54
€14.92
$49.72
ISK6,945
Running shoes
Nike or Adidas
$75.02
€72.01
$151.85
ISK21,211

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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: November 2024
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