Cost of living comparison
Lagos is 22.5% cheaper than Reykjavik.
If you lived in Lagos instead of Reykjavik, you would:
pay 46.0% less for restaurants
|
Reykjavik
|
Lagos
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$21.59
ISK2,967
|
$13.00
€11.95
|
|
|
Fast food combo meal
McDonalds, or similar
|
$17.27
ISK2,374
|
$7.58
€6.97
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.90
ISK399
|
$1.54
€1.42
|
|
| Bottle of water (11 fl. oz) |
$2.07
ISK285
|
$1.21
€1.12
|
|
pay 38.2% less for groceries
|
Reykjavik
|
Lagos
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$3.68
ISK506
|
$1.84
€1.69
|
|
| Local cheese (8 oz) |
$7.66
ISK1,052
|
$6.23
€5.73
|
|
| Milk (1 gallon) |
$6.16
ISK847
|
$3.80
€3.50
|
|
|
Eggs
1 dozen
|
$5.91
ISK813
|
$2.84
€2.61
|
|
| Boneless chicken breast (1 lb) |
$8.87
ISK1,220
|
$3.54
€3.26
|
|
| Apples (1 lb) |
$1.53
ISK210
|
$1.14
€1.05
|
|
| Bananas (1 lb) |
$0.97
ISK133
|
$0.63
€0.58
|
|
| Oranges (1 lb) |
$1.26
ISK173
|
$1.05
€0.97
|
|
| Tomatoes (1 lb) |
$2.23
ISK306
|
$0.97
€0.89
|
|
| Potatoes (1 lb) |
$1.42
ISK195
|
$0.60
€0.55
|
|
| Onions (1 lb) |
$1.01
ISK139
|
$0.91
€0.84
|
|
pay 34.1% less for transportation
|
Reykjavik
|
Lagos
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$8.57
ISK1,179
|
$6.89
€6.33
|
|
| Monthly public transit pass |
$66.92
ISK9,198
|
$37.90
€34.86
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$41,660.67
ISK5,726,259
|
$29,782.15
€27,387.16
|
|
| Taxi trip in downtown area (5 miles) |
$23.30
ISK3,202
|
$12.81
€11.78
|
|
pay 18.6% less for housing
|
Reykjavik
|
Lagos
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$68.45
ISK9,408
|
$47.38
€43.57
|
|
| 1-Bedroom apartment in downtown area |
$1,864.13
ISK256,225
|
$992.74
€912.91
|
|
| 1-Bedroom apartment outside city center |
$1,666.20
ISK229,019
|
$703.94
€647.33
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$64.43
ISK8,856
|
$103.52
€95.20
|
|
pay 48.5% more for childcare
|
Reykjavik
|
Lagos
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$240.37
ISK33,039
|
$406.12
€373.46
|
|
| Middle school for 1 child, two semesters |
$5,984.07
ISK822,511
|
$7,660.33
€7,044.31
|
|
pay 41.1% less for entertainment and sports
|
Reykjavik
|
Lagos
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$10.79
ISK1,483
|
$2.17
€1.99
|
|
| Cappuccino in mid-range area |
$5.09
ISK699
|
$2.63
€2.42
|
|
|
Pack of cigarettes
Marlboro or similar
|
$11.87
ISK1,632
|
$5.47
€5.03
|
|
| Monthly membership at local gym |
$65.50
ISK9,003
|
$71.48
€65.73
|
|
| Movie ticket to theater/cinema |
$14.39
ISK1,978
|
$9.75
€8.96
|
|
pay 27.9% less for clothing
|
Reykjavik
|
Lagos
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$103.94
ISK14,287
|
$104.69
€96.27
|
|
|
Regular dress
from H&M or similar store
|
$43.50
ISK5,978
|
$32.49
€29.88
|
|
|
Running shoes
Nike or Adidas
|
$141.47
ISK19,445
|
$77.16
€70.96
|
|
| Men's business shoes (leather) |
$174.65
ISK24,006
|
$101.80
€93.61
|
|
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