Cost of living comparison
Lagos is 26.4% cheaper than Reykjavik.
If you lived in Lagos instead of Reykjavik, you would:
pay 41.5% less for restaurants
|
Reykjavik
|
Lagos
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$20.00
ISK2,794
|
$10.72
€10.29
|
|
|
Fast food combo meal
McDonalds, or similar
|
$18.02
ISK2,517
|
$7.77
€7.46
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$3.15
ISK441
|
$2.08
€2.00
|
|
| Bottle of water (11 fl. oz) |
$2.19
ISK305
|
$1.56
€1.50
|
|
pay 39.3% less for groceries
|
Reykjavik
|
Lagos
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$3.61
ISK504
|
$1.43
€1.37
|
|
| Local cheese (8 oz) |
$7.76
ISK1,084
|
$5.63
€5.40
|
|
| Milk (1 gallon) |
$6.40
ISK895
|
$3.96
€3.80
|
|
|
Eggs
1 dozen
|
$5.76
ISK804
|
$3.21
€3.08
|
|
| Boneless chicken breast (1 lb) |
$9.45
ISK1,320
|
$3.01
€2.89
|
|
| Apples (1 lb) |
$1.40
ISK196
|
$1.23
€1.18
|
|
| Bananas (1 lb) |
$1.01
ISK141
|
$0.57
€0.55
|
|
| Oranges (1 lb) |
$1.22
ISK170
|
$0.47
€0.45
|
|
| Tomatoes (1 lb) |
$2.22
ISK311
|
$1.14
€1.10
|
|
| Potatoes (1 lb) |
$1.43
ISK200
|
$0.96
€0.92
|
|
| Onions (1 lb) |
$0.93
ISK130
|
$0.97
€0.93
|
|
pay 39.2% less for transportation
|
Reykjavik
|
Lagos
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$8.50
ISK1,187
|
$6.73
€6.46
|
|
| Monthly public transit pass |
$74.95
ISK10,470
|
$32.15
€30.86
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$42,450.45
ISK5,929,479
|
$32,152.89
€30,862.82
|
|
| Taxi trip in downtown area (5 miles) |
$24.05
ISK3,359
|
$10.93
€10.49
|
|
pay 21.5% less for housing
|
Reykjavik
|
Lagos
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$69.87
ISK9,759
|
$41.53
€39.86
|
|
| 1-Bedroom apartment in downtown area |
$1,971.17
ISK275,333
|
$982.45
€943.03
|
|
| 1-Bedroom apartment outside city center |
$1,803.44
ISK251,904
|
$964.59
€925.88
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$53.95
ISK7,536
|
$81.55
€78.28
|
|
pay 63.6% more for childcare
|
Reykjavik
|
Lagos
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$252.14
ISK35,219
|
$509.09
€488.66
|
|
| Middle school for 1 child, two semesters |
$5,993.99
ISK837,241
|
$7,502.34
€7,201.33
|
|
pay 50.9% less for entertainment and sports
|
Reykjavik
|
Lagos
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$10.81
ISK1,510
|
$2.14
€2.06
|
|
| Cappuccino in mid-range area |
$5.31
ISK741
|
$1.96
€1.88
|
|
|
Pack of cigarettes
Marlboro or similar
|
$12.25
ISK1,710
|
$5.89
€5.66
|
|
| Monthly membership at local gym |
$69.95
ISK9,770
|
$62.88
€60.35
|
|
| Movie ticket to theater/cinema |
$14.77
ISK2,064
|
$7.50
€7.20
|
|
pay 56.0% less for clothing
|
Reykjavik
|
Lagos
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$108.97
ISK15,221
|
$85.74
€82.30
|
|
|
Regular dress
from H&M or similar store
|
$49.72
ISK6,945
|
$15.54
€14.92
|
|
|
Running shoes
Nike or Adidas
|
$151.85
ISK21,211
|
$75.02
€72.01
|
|
| Men's business shoes (leather) |
$194.16
ISK27,120
|
$32.15
€30.86
|
|
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