Cost of living in malabo (Equatorial Guinea) is 57% more expensive than in Lagos (Nigeria)
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WARNING! This comparison is based on only a few data points. At this point it is only a guess. It is based on 49 prices entered by 11 different people.
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Lagos has artificial and unrealistic official exchange rates.
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Currency:
| Food | + 91% | |||
|---|---|---|---|---|
| Food in malabo (Equatorial Guinea) is 91% more expensive than in Lagos (Nigeria) | ||||
| Update prices | Update prices | |||
| malabo | Lagos | Diff | ||
| Basic lunchtime menu (including a drink) in the business district | 8,502 Franc (23,053 ₦) | 10,487 ₦ | + 120% | |
| Combo meal in fast food restaurant (big mac meal or similar) | 5,000 Franc (13,557 ₦) | 8,193 ₦ | + 65% | |
| 500 gr (1 lb.) of boneless chicken breast | - | 2,379 ₦ | - | |
| 1 liter (1 qt.) of whole fat milk | - | 1,462 ₦ | - | |
| 12 eggs, large | 1,373 Franc (3,723 ₦) | 3,155 ₦ | + 18% | |
| 1 kg (2 lb.) of tomatoes | 2,971 Franc (8,056 ₦) | 1,591 ₦ | + 406% | |
| 500 gr (16 oz.) of local cheese | - | 7,301 ₦ | - | |
| 1 kg (2 lb.) of apples | 3,481 Franc (9,440 ₦) | 2,157 ₦ | + 338% | |
| 1 kg (2 lb.) of potatoes | 1,745 Franc (4,733 ₦) | 1,165 ₦ | + 306% | |
| 0.5 l (16 oz) domestic beer in the supermarket | 624 Franc (1,691 ₦) | 577 ₦ | + 193% | |
| 1 bottle of red table wine, good quality | 7,555 Franc (20,485 ₦) | 7,943 ₦ | + 158% | |
| 2 liters of coca-cola | 1,500 Franc (4,067 ₦) | 833 ₦ | + 388% | |
| Bread for 2 people for 1 day | - | 1,577 ₦ | - | |
| Housing | + 97% | |||
| Housing in malabo (Equatorial Guinea) is 97% more expensive than in Lagos (Nigeria) | ||||
| Update prices | Update prices | |||
| malabo | Lagos | Diff | ||
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area | 754,490 Franc (2,045,758 ₦) | 688,114 ₦ | + 197% | |
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area | 800,000 Franc (2,169,156 ₦) | 539,552 ₦ | + 302% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | - | 61,700 ₦ | - | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area | 641,275 Franc (1,738,782 ₦) | 512,400 ₦ | + 239% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area | 333,515 Franc (904,308 ₦) | 328,775 ₦ | + 175% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio | - | 33,248 ₦ | - | |
| Internet 8 mbps (1 month) | - | 20,962 ₦ | - | |
| 40” flat screen tv | - | 212,210 ₦ | - | |
| Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) | - | 50,156 ₦ | - | |
| Laundry detergent (3 l. ~ 100 oz.) | - | 6,411 ₦ | - | |
| Hourly rate for cleaning help | 7,000 Franc (18,980 ₦) | 2,222 ₦ | + 754% | |
| Clothes | + 100% | |||
| Clothes in malabo (Equatorial Guinea) is 100% more expensive than in Lagos (Nigeria) | ||||
| Update prices | Update prices | |||
| malabo | Lagos | Diff | ||
| 1 pair of jeans (levis 501 or similar) | - | 14,903 ₦ | - | |
| 1 summer dress in a high street store (zara, h&m or similar retailers) | 52,857 Franc (143,318 ₦) | 15,560 ₦ | + 821% | |
| 1 pair of sport shoes (nike, adidas, or equivalent brands) | - | 45,516 ₦ | - | |
| 1 pair of men’s leather business shoes | - | 45,639 ₦ | - | |
| Transportation | + 12% | |||
| Transportation in malabo (Equatorial Guinea) is 12% more expensive than in Lagos (Nigeria) | ||||
| Update prices | Update prices | |||
| malabo | Lagos | Diff | ||
| Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new | - | 6,890,390 ₦ | - | |
| 1 liter (1/4 gallon) of gas | 654 Franc (1,773 ₦) | 610 ₦ | + 191% | |
| Monthly ticket public transport | - | 19,828 ₦ | - | |
| Taxi trip on a business day, basic tariff, 8 km. (5 miles) | - | - | - | |
| Personal Care | + 43% | |||
| Personal Care in malabo (Equatorial Guinea) is 43% more expensive than in Lagos (Nigeria) | ||||
| Update prices | Update prices | |||
| malabo | Lagos | Diff | ||
| Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) | - | 1,886 ₦ | - | |
| 1 box of antibiotics (12 doses) | - | 3,362 ₦ | - | |
| Short visit to private doctor (15 minutes) | - | 16,058 ₦ | - | |
| 1 box of 32 tampons (tampax, ob, ...) | - | 1,469 ₦ | - | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | 3,348 Franc (9,077 ₦) | 964 ₦ | + 842% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | - | 1,722 ₦ | - | |
| 4 rolls of toilet paper | 1,128 Franc (3,058 ₦) | 689 ₦ | + 344% | |
| Tube of toothpaste | - | 746 ₦ | - | |
| Standard men's haircut in expat area of the city | - | 4,228 ₦ | - | |
| Entertainment | + 38% | |||
| Entertainment in malabo (Equatorial Guinea) is 38% more expensive than in Lagos (Nigeria) | ||||
| Update prices | Update prices | |||
| malabo | Lagos | Diff | ||
| Basic dinner out for two in neighborhood pub | 18,375 Franc (49,822 ₦) | 12,883 ₦ | + 287% | |
| 2 tickets to the movies | - | 8,057 ₦ | - | |
| 2 tickets to the theater (best available seats) | - | 22,553 ₦ | - | |
| Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert | 31,018 Franc (84,103 ₦) | 28,090 ₦ | + 199% | |
| 1 cocktail drink in downtown club | 5,655 Franc (15,334 ₦) | 2,642 ₦ | + 480% | |
| Cappuccino in expat area of the city | - | 2,426 ₦ | - | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | 1,711 Franc (4,638 ₦) | 1,559 ₦ | + 197% | |
| Ipad wi-fi 128gb | - | 174,586 ₦ | - | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | - | 49 ₦ | - | |
| 1 month of gym membership in business district | - | 21,151 ₦ | - | |
| 1 package of marlboro cigarettes | 1,000 Franc (2,711 ₦) | 723 ₦ | + 275% | |
 |
TOTAL | + 57% | ||
WARNING! This comparison is based on only a few data points. At this point it is only a guess. It is based on 49 prices entered by 11 different people.
These prices were last updated on May 02, 2025.
Exchange rate:
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For example, you would need at least 2,942,149 ₦ (1,085,085 Franc) in malabo to maintain the same standard of living that you can have with 1,870,000 ₦ in Lagos.
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