Cost of living comparison
Reykjavik is 3.6 times more expensive than Lagos.
If you lived in Reykjavik instead of Lagos, you would:
pay 7.2 times more for restaurants
|
Lagos
|
Reykjavik
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$2.80
NGN4,731.12
|
$20.00
ISK2,775
|
|
|
Fast food combo meal
McDonalds, or similar
|
$6.85
NGN11,564.66
|
$18.02
ISK2,500
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$0.37
NGN628.91
|
$3.15
ISK438
|
|
| Bottle of water (11 fl. oz) |
$0.21
NGN349.62
|
$2.19
ISK303
|
|
pay 82.2% more for groceries
|
Lagos
|
Reykjavik
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$1.47
NGN2,474.08
|
$3.61
ISK501
|
|
| Local cheese (8 oz) |
$2.80
NGN4,716.81
|
$7.76
ISK1,076
|
|
| Milk (1 gallon) |
$9.93
NGN16,759.38
|
$6.40
ISK889
|
|
|
Eggs
1 dozen
|
$2.06
NGN3,472.85
|
$5.76
ISK799
|
|
| Boneless chicken breast (1 lb) |
$2.19
NGN3,691.25
|
$9.45
ISK1,311
|
|
| Apples (1 lb) |
$1.72
NGN2,901.95
|
$1.40
ISK195
|
|
| Bananas (1 lb) |
$1.25
NGN2,107.05
|
$1.01
ISK140
|
|
| Oranges (1 lb) |
$0.98
NGN1,660.02
|
$1.22
ISK169
|
|
| Tomatoes (1 lb) |
$1.24
NGN2,094.12
|
$2.22
ISK309
|
|
| Potatoes (1 lb) |
$1.12
NGN1,883.27
|
$1.43
ISK199
|
|
| Onions (1 lb) |
$0.85
NGN1,431.31
|
$0.93
ISK130
|
|
pay 2.2 times more for transportation
|
Lagos
|
Reykjavik
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$2.67
NGN4,502.09
|
$8.50
ISK1,179
|
|
| Monthly public transit pass |
$36.35
NGN61,336.66
|
$74.95
ISK10,399
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$20,362.82
NGN34,360,492.73
|
$42,450.45
ISK5,889,576
|
|
| Taxi trip in downtown area (5 miles) |
$18.85
NGN31,814.86
|
$24.05
ISK3,337
|
|
pay 2.3 times more for housing
|
Lagos
|
Reykjavik
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$40.12
NGN67,696.68
|
$69.87
ISK9,693
|
|
| 1-Bedroom apartment in downtown area |
$954.00
NGN1,609,787.20
|
$1,971.17
ISK273,480
|
|
| 1-Bedroom apartment outside city center |
$474.61
NGN800,866.78
|
$1,803.44
ISK250,209
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$30.23
NGN51,010.72
|
$53.95
ISK7,485
|
|
pay 2.8 times more for childcare
|
Lagos
|
Reykjavik
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$81.97
NGN138,319.93
|
$252.14
ISK34,982
|
|
| Middle school for 1 child, two semesters |
$2,298.32
NGN3,878,216.98
|
$5,993.99
ISK831,607
|
|
pay 5.6 times more for entertainment and sports
|
Lagos
|
Reykjavik
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$0.96
NGN1,614.99
|
$10.81
ISK1,500
|
|
| Cappuccino in mid-range area |
$2.31
NGN3,897.74
|
$5.31
ISK736
|
|
|
Pack of cigarettes
Marlboro or similar
|
$1.20
NGN2,022.94
|
$12.25
ISK1,699
|
|
| Monthly membership at local gym |
$36.16
NGN61,011.29
|
$69.95
ISK9,704
|
|
| Movie ticket to theater/cinema |
$6.46
NGN10,893.00
|
$14.77
ISK2,050
|
|
pay 3.0 times more for clothing
|
Lagos
|
Reykjavik
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$21.48
NGN36,249.96
|
$108.97
ISK15,119
|
|
|
Regular dress
from H&M or similar store
|
$24.68
NGN41,639.80
|
$49.72
ISK6,898
|
|
|
Running shoes
Nike or Adidas
|
$72.27
NGN121,947.89
|
$151.85
ISK21,068
|
|
| Men's business shoes (leather) |
$66.25
NGN111,782.86
|
$194.16
ISK26,937
|
|
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