Cost of living comparison

Lagos, Nigeria

compared to

Reykjavik, Iceland

Reykjavik vs. Lagos Cost of Living Summary

Reykjavik is 3.6 times more expensive than Lagos.

Restaurants: pay 7.2 times more in Reykjavik
Groceries: pay 82.2% more in Reykjavik
Transportation: pay 2.2 times more in Reykjavik
Housing: pay 2.3 times more in Reykjavik
Childcare: pay 2.8 times more in Reykjavik
Entertainment and Sports: pay 5.6 times more in Reykjavik
Clothing: pay 3.0 times more in Reykjavik

The cost of restaurants, entertainment and sports, clothing, childcare, housing, and transportation in Reykjavik are more expensive than in Lagos. Notably, restaurants, entertainment and sports, and clothing are significantly more expensive in Reykjavik.

Reykjavik vs. Lagos Cost Breakdown

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

Display currency: USD

pay 7.2 times more for restaurants

	Lagos	Reykjavik
Basic meal with drink at inexpensive restaurant	$2.80 NGN4,453.11	$20.00 ISK2,545	+613.3%
Fast food combo meal McDonalds, or similar	$6.85 NGN10,885.12	$18.02 ISK2,293	+162.9%
Bottle of Coca-Cola (11 fl. oz)	$0.37 NGN591.95	$3.15 ISK401	+746.2%
Bottle of water (11 fl. oz)	$0.21 NGN329.08	$2.19 ISK278	+954.7%
Average			+619.3%

Lagos vs. Reykjavik - Cost of restaurants

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pay 82.2% more for groceries

	Lagos	Reykjavik
Bread 1 loaf	$1.47 NGN2,328.70	$3.61 ISK459	+146.3%
Local cheese (8 oz)	$2.80 NGN4,439.65	$7.76 ISK987	+177.5%
Milk (1 gallon)	$9.93 NGN15,774.59	$6.40 ISK815	-35.5%
Eggs 1 dozen	$2.06 NGN3,268.79	$5.76 ISK733	+179.7%
Boneless chicken breast (1 lb)	$2.19 NGN3,474.35	$9.45 ISK1,202	+331.9%
Apples (1 lb)	$1.72 NGN2,731.43	$1.40 ISK178	-18.5%
Bananas (1 lb)	$1.25 NGN1,983.24	$1.01 ISK128	-19.2%
Oranges (1 lb)	$0.98 NGN1,562.47	$1.22 ISK155	+23.8%
Tomatoes (1 lb)	$1.24 NGN1,971.07	$2.22 ISK283	+79.2%
Potatoes (1 lb)	$1.12 NGN1,772.61	$1.43 ISK183	+28.5%
Onions (1 lb)	$0.85 NGN1,347.20	$0.93 ISK119	+10.1%
Average			+82.2%

Lagos vs. Reykjavik - Cost of groceries

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pay 2.2 times more for transportation

	Lagos	Reykjavik
Gasoline (1 gallon)	$2.67 NGN4,237.54	$8.50 ISK1,082	+218.6%
Monthly public transit pass	$36.35 NGN57,732.48	$74.95 ISK9,538	+106.2%
New Volkswagen Golf 1.4 (standard edition)	$20,362.82 NGN32,341,449.64	$42,450.45 ISK5,401,820	+108.5%
Taxi trip in downtown area (5 miles)	$18.85 NGN29,945.40	$24.05 ISK3,060	+27.6%
Average			+115.2%

Lagos vs. Reykjavik - Cost of transportation

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pay 2.3 times more for housing

	Lagos	Reykjavik
Internet connection 50 mbps or faster, cable/dsl	$40.12 NGN63,718.79	$69.87 ISK8,890	+74.1%
1-Bedroom apartment in downtown area	$954.00 NGN1,515,195.15	$1,971.17 ISK250,832	+106.6%
1-Bedroom apartment outside city center	$474.61 NGN753,807.37	$1,803.44 ISK229,488	+280.0%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$30.23 NGN48,013.30	$53.95 ISK6,866	+78.5%
Average			+134.8%

Lagos vs. Reykjavik - Cost of housing

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pay 2.8 times more for childcare

	Lagos	Reykjavik
Private preschool for 1 child, monthly	$81.97 NGN130,192.16	$252.14 ISK32,085	+207.6%
Middle school for 1 child, two semesters	$2,298.32 NGN3,650,330.64	$5,993.99 ISK762,736	+160.8%
Average			+184.2%

Lagos vs. Reykjavik - Cost of childcare

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pay 5.6 times more for entertainment and sports

	Lagos	Reykjavik
Domestic/local beer (1 pint)	$0.96 NGN1,520.09	$10.81 ISK1,376	+1029.6%
Cappuccino in mid-range area	$2.31 NGN3,668.71	$5.31 ISK675	+129.7%
Pack of cigarettes Marlboro or similar	$1.20 NGN1,904.07	$12.25 ISK1,558	+921.4%
Monthly membership at local gym	$36.16 NGN57,426.23	$69.95 ISK8,901	+93.5%
Movie ticket to theater/cinema	$6.46 NGN10,252.92	$14.77 ISK1,880	+128.9%
Average			+460.6%

Lagos vs. Reykjavik - Cost of entertainment and sports

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pay 3.0 times more for clothing

	Lagos	Reykjavik
Regular jeans Levi's brand	$21.48 NGN34,119.89	$108.97 ISK13,867	+407.3%
Regular dress from H&M or similar store	$24.68 NGN39,193.02	$49.72 ISK6,327	+101.5%
Running shoes Nike or Adidas	$72.27 NGN114,782.16	$151.85 ISK19,323	+110.1%
Men's business shoes (leather)	$66.25 NGN105,214.44	$194.16 ISK24,707	+193.1%
Average			+203.0%

Lagos vs. Reykjavik - 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: June 2025

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