Cost of living comparison
Iceland is 3.6 times more expensive than Nigeria.
If you lived in Iceland instead of Nigeria, you would:
pay 6.7 times more for restaurants
|
Nigeria
|
Iceland
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$2.61
NGN4,350.17
|
$19.40
ISK2,670
|
|
|
Fast food combo meal
McDonalds, or similar
|
$5.61
NGN9,342.66
|
$16.94
ISK2,332
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$0.38
NGN633.70
|
$2.81
ISK387
|
|
| Bottle of water (11 fl. oz) |
$0.23
NGN377.04
|
$2.02
ISK278
|
|
pay 92.4% more for groceries
|
Nigeria
|
Iceland
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$1.27
NGN2,112.13
|
$2.95
ISK407
|
|
| Local cheese (8 oz) |
$2.51
NGN4,189.28
|
$7.27
ISK1,000
|
|
| Milk (1 gallon) |
$9.86
NGN16,428.84
|
$6.01
ISK827
|
|
|
Eggs
1 dozen
|
$1.87
NGN3,122.64
|
$5.42
ISK746
|
|
| Boneless chicken breast (1 lb) |
$2.04
NGN3,391.60
|
$8.51
ISK1,171
|
|
| Apples (1 lb) |
$1.75
NGN2,913.45
|
$1.22
ISK168
|
|
| Bananas (1 lb) |
$0.90
NGN1,504.38
|
$1.03
ISK141
|
|
| Oranges (1 lb) |
$0.73
NGN1,221.08
|
$1.17
ISK161
|
|
| Tomatoes (1 lb) |
$0.79
NGN1,312.87
|
$1.87
ISK258
|
|
| Potatoes (1 lb) |
$0.82
NGN1,363.05
|
$1.23
ISK170
|
|
| Onions (1 lb) |
$0.83
NGN1,390.58
|
$0.78
ISK108
|
|
pay 2.4 times more for transportation
|
Nigeria
|
Iceland
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$2.41
NGN4,014.28
|
$8.36
ISK1,151
|
|
| Monthly public transit pass |
$36.26
NGN60,416.16
|
$71.28
ISK9,812
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$16,757.94
NGN27,925,506.24
|
$40,660.66
ISK5,596,940
|
|
| Taxi trip in downtown area (5 miles) |
$12.54
NGN20,892.59
|
$22.04
ISK3,033
|
|
pay 2.8 times more for housing
|
Nigeria
|
Iceland
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$29.99
NGN49,982.79
|
$72.17
ISK9,935
|
|
| 1-Bedroom apartment in downtown area |
$731.80
NGN1,219,475.64
|
$1,838.04
ISK253,006
|
|
| 1-Bedroom apartment outside city center |
$456.14
NGN760,118.67
|
$1,497.77
ISK206,168
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$18.28
NGN30,464.74
|
$58.01
ISK7,986
|
|
pay 3.2 times more for childcare
|
Nigeria
|
Iceland
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$85.98
NGN143,281.50
|
$258.16
ISK35,536
|
|
| Middle school for 1 child, two semesters |
$1,787.42
NGN2,978,572.28
|
$5,993.99
ISK825,073
|
|
pay 4.7 times more for entertainment and sports
|
Nigeria
|
Iceland
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$0.91
NGN1,508.76
|
$9.19
ISK1,265
|
|
| Cappuccino in mid-range area |
$2.04
NGN3,392.41
|
$4.65
ISK640
|
|
|
Pack of cigarettes
Marlboro or similar
|
$1.60
NGN2,665.28
|
$11.76
ISK1,618
|
|
| Monthly membership at local gym |
$36.79
NGN61,309.40
|
$61.46
ISK8,460
|
|
| Movie ticket to theater/cinema |
$6.47
NGN10,776.47
|
$14.35
ISK1,975
|
|
pay 3.5 times more for clothing
|
Nigeria
|
Iceland
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$17.81
NGN29,684.49
|
$111.23
ISK15,311
|
|
|
Regular dress
from H&M or similar store
|
$28.83
NGN48,049.56
|
$59.69
ISK8,216
|
|
|
Running shoes
Nike or Adidas
|
$57.22
NGN95,347.99
|
$148.00
ISK20,372
|
|
| Men's business shoes (leather) |
$57.36
NGN95,590.65
|
$184.49
ISK25,396
|
|
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