Cost of living in Iceland compared to Nigeria
Currency:
| Food | + 173% | |||
|---|---|---|---|---|
| Food in Iceland is 173% more expensive than in Nigeria | ||||
| Basic lunchtime menu (including a drink) in the business district | 2,674 kr (8,834 ₦) | 2,296 ₦ | + 285% | |
| Combo meal in fast food restaurant (big mac meal or similar) | 1,787 kr (5,905 ₦) | 2,790 ₦ | + 112% | |
| 500 gr (1 lb.) of boneless chicken breast | 961 kr (3,176 ₦) | 1,085 ₦ | + 193% | |
| 1 liter (1 qt.) of whole fat milk | 190 kr (626 ₦) | 675 ₦ | - 7% | |
| 12 eggs, large | 831 kr (2,746 ₦) | 827 ₦ | + 232% | |
| 1 kg (2 lb.) of tomatoes | 572 kr (1,889 ₦) | 635 ₦ | + 197% | |
| 500 gr (16 oz.) of local cheese | 852 kr (2,815 ₦) | 3,064 ₦ | - 8% | |
| 1 kg (2 lb.) of apples | 317 kr (1,047 ₦) | 1,084 ₦ | - 3% | |
| 1 kg (2 lb.) of potatoes | 331 kr (1,093 ₦) | 1,099 ₦ | - 1% | |
| 0.5 l (16 oz) domestic beer in the supermarket | 454 kr (1,501 ₦) | 549 ₦ | + 174% | |
| 1 bottle of red table wine, good quality | 2,949 kr (9,745 ₦) | 2,934 ₦ | + 232% | |
| 2 liters of coca-cola | 314 kr (1,039 ₦) | 366 ₦ | + 184% | |
| Bread for 2 people for 1 day | 504 kr (1,664 ₦) | 394 ₦ | + 323% | |
| Housing | + 194% | |||
| Housing in Iceland is 194% more expensive than in Nigeria | ||||
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area | 301,800 kr (997,141 ₦) | 544,026 ₦ | + 83% | |
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area | 267,065 kr (882,377 ₦) | 196,901 ₦ | + 348% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | 33,887 kr (111,963 ₦) | 34,981 ₦ | + 220% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area | 202,644 kr (669,531 ₦) | 128,374 ₦ | + 422% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area | 170,620 kr (563,725 ₦) | 191,228 ₦ | + 195% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio | 21,721 kr (71,766 ₦) | 33,513 ₦ | + 114% | |
| Internet 8 mbps (1 month) | 9,153 kr (30,240 ₦) | 11,792 ₦ | + 156% | |
| 40” flat screen tv | 121,874 kr (402,669 ₦) | 116,113 ₦ | + 247% | |
| Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) | 42,834 kr (141,522 ₦) | 40,012 ₦ | + 254% | |
| Laundry detergent (3 l. ~ 100 oz.) | 2,253 kr (7,444 ₦) | 1,645 ₦ | + 353% | |
| Hourly rate for cleaning help | 4,355 kr (14,389 ₦) | 1,000 ₦ | + 1339% | |
| Clothes | + 174% | |||
| Clothes in Iceland is 174% more expensive than in Nigeria | ||||
| 1 pair of jeans (levis 501 or similar) | 16,512 kr (54,555 ₦) | 7,775 ₦ | + 602% | |
| 1 summer dress in a high street store (zara, h&m or similar retailers) | 7,331 kr (24,222 ₦) | 14,243 ₦ | + 70% | |
| 1 pair of sport shoes (nike, adidas, or equivalent brands) | 18,754 kr (61,962 ₦) | 15,717 ₦ | + 294% | |
| 1 pair of men’s leather business shoes | 25,104 kr (82,944 ₦) | 15,582 ₦ | + 432% | |
| Transportation | + 163% | |||
| Transportation in Iceland is 163% more expensive than in Nigeria | ||||
| Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new | 3,899,760 kr (12,884,724 ₦) | 8,553,290 ₦ | + 51% | |
| 1 liter (1/4 gallon) of gas | 228 kr (753 ₦) | 157 ₦ | + 379% | |
| Monthly ticket public transport | 13,260 kr (43,809 ₦) | 12,922 ₦ | + 239% | |
| Personal Care | + 122% | |||
| Personal Care in Iceland is 122% more expensive than in Nigeria | ||||
| Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) | 1,200 kr (3,965 ₦) | 1,873 ₦ | + 112% | |
| 1 box of antibiotics (12 doses) | 2,068 kr (6,834 ₦) | 3,886 ₦ | + 76% | |
| Short visit to private doctor (15 minutes) | 9,138 kr (30,192 ₦) | 21,360 ₦ | + 41% | |
| 1 box of 32 tampons (tampax, ob, ...) | 620 kr (2,048 ₦) | 1,776 ₦ | + 15% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | 1,188 kr (3,923 ₦) | 1,014 ₦ | + 287% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | 677 kr (2,237 ₦) | 2,171 ₦ | + 3% | |
| 4 rolls of toilet paper | 520 kr (1,716 ₦) | 671 ₦ | + 156% | |
| Tube of toothpaste | 650 kr (2,148 ₦) | 649 ₦ | + 231% | |
| Standard men's haircut in expat area of the city | 5,217 kr (17,238 ₦) | 2,351 ₦ | + 633% | |
| Entertainment | + 127% | |||
| Entertainment in Iceland is 127% more expensive than in Nigeria | ||||
| Basic dinner out for two in neighborhood pub | 11,778 kr (38,914 ₦) | 9,428 ₦ | + 313% | |
| 2 tickets to the movies | 3,236 kr (10,691 ₦) | 4,368 ₦ | + 145% | |
| 2 tickets to the theater (best available seats) | 20,600 kr (68,060 ₦) | 18,463 ₦ | + 269% | |
| Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert | 14,645 kr (48,386 ₦) | 21,062 ₦ | + 130% | |
| 1 cocktail drink in downtown club | 2,690 kr (8,886 ₦) | 2,330 ₦ | + 281% | |
| Cappuccino in expat area of the city | 599 kr (1,979 ₦) | 2,500 ₦ | - 21% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | 1,095 kr (3,618 ₦) | 700 ₦ | + 416% | |
| Ipad wi-fi 128gb | 120,000 kr (396,477 ₦) | 178,695 ₦ | + 122% | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | 22 kr (71 ₦) | 108 ₦ | - 34% | |
| 1 month of gym membership in business district | 7,357 kr (24,306 ₦) | 15,945 ₦ | + 52% | |
| 1 package of marlboro cigarettes | 1,749 kr (5,779 ₦) | 632 ₦ | + 814% | |
| TOTAL | + 164% | |||
This comparison has some inconsistent or sparse data. It already provides a reliable comparison but it is not bullet-proof. It is based on 814 prices entered by 71 different people.
These prices were last updated on May 10, 2021.
Exchange rate:
3.304
NGN
/
ISK
*
Cost of living in Iceland is 164% more expensive than in Nigeria
Other Country Comparisons
- Cost of living in Netherlands Antilles is 69% more expensive than in Nigeria
- Cost of living in United Arab Emirates is 58% more expensive than in Nigeria
- Cost of living in Antigua and Barbuda is 80% more expensive than in Nigeria
- Cost of living in American Samoa is in Nigeria
- Cost of living in Andorra is 95% more expensive than in Nigeria
- Cost of living in Angola is 33% more expensive than in Nigeria
- Cost of living in Anguilla is 88% more expensive than in Nigeria
- Cost of living in Albania is 20% cheaper than in Nigeria