Cost of living in Iceland compared to Nigeria
Currency:
| Food | + 578% | |||
|---|---|---|---|---|
| Food in Iceland is 578% more expensive than in Nigeria | ||||
| Iceland | Nigeria | Diff | ||
| Basic lunchtime menu (including a drink) in the business district | 7,596 kr (96,125 ₦) | 6,197 ₦ | + 1451% | |
| Combo meal in fast food restaurant (big mac meal or similar) | 2,977 kr (37,673 ₦) | 4,250 ₦ | + 786% | |
| 500 gr (1 lb.) of boneless chicken breast | 1,608 kr (20,345 ₦) | 3,207 ₦ | + 534% | |
| 1 liter (1 qt.) of whole fat milk | 253 kr (3,207 ₦) | 1,209 ₦ | + 165% | |
| 12 eggs, large | 1,036 kr (13,110 ₦) | 2,479 ₦ | + 429% | |
| 1 kg (2 lb.) of tomatoes | 774 kr (9,797 ₦) | 1,495 ₦ | + 555% | |
| 500 gr (16 oz.) of local cheese | 1,658 kr (20,974 ₦) | 5,933 ₦ | + 254% | |
| 1 kg (2 lb.) of apples | 606 kr (7,667 ₦) | 3,488 ₦ | + 120% | |
| 1 kg (2 lb.) of potatoes | 466 kr (5,897 ₦) | 2,733 ₦ | + 116% | |
| 0.5 l (16 oz) domestic beer in the supermarket | 563 kr (7,119 ₦) | 1,037 ₦ | + 586% | |
| 1 bottle of red table wine, good quality | 4,329 kr (54,784 ₦) | 9,593 ₦ | + 471% | |
| 2 liters of coca-cola | 385 kr (4,870 ₦) | 1,084 ₦ | + 349% | |
| Bread for 2 people for 1 day | 448 kr (5,667 ₦) | 1,323 ₦ | + 328% | |
| Housing | + 342% | |||
| Housing in Iceland is 342% more expensive than in Nigeria | ||||
| Iceland | Nigeria | Diff | ||
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area | 415,163 kr (5,253,448 ₦) | 2,222,680 ₦ | + 136% | |
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area | 344,698 kr (4,361,788 ₦) | 1,328,290 ₦ | + 228% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | 222,135 kr (2,810,883 ₦) | 153,894 ₦ | + 1727% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area | 340,133 kr (4,304,023 ₦) | 844,148 ₦ | + 410% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area | 252,240 kr (3,191,830 ₦) | 754,176 ₦ | + 323% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio | 31,740 kr (401,632 ₦) | 240,561 ₦ | + 67% | |
| Internet 8 mbps (1 month) | 11,660 kr (147,542 ₦) | 28,675 ₦ | + 415% | |
| 40” flat screen tv | 135,104 kr (1,709,598 ₦) | 387,079 ₦ | + 342% | |
| Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) | 24,394 kr (308,684 ₦) | 126,450 ₦ | + 144% | |
| Laundry detergent (3 l. ~ 100 oz.) | 2,814 kr (35,606 ₦) | 2,193 ₦ | + 1524% | |
| Hourly rate for cleaning help | 5,651 kr (71,512 ₦) | 2,985 ₦ | + 2295% | |
| Clothes | + 1003% | |||
| Clothes in Iceland is 1003% more expensive than in Nigeria | ||||
| Iceland | Nigeria | Diff | ||
| 1 pair of jeans (levis 501 or similar) | 13,152 kr (166,420 ₦) | 17,024 ₦ | + 878% | |
| 1 summer dress in a high street store (zara, h&m or similar retailers) | 18,714 kr (236,806 ₦) | 15,682 ₦ | + 1410% | |
| 1 pair of sport shoes (nike, adidas, or equivalent brands) | 26,530 kr (335,705 ₦) | 45,968 ₦ | + 630% | |
| 1 pair of men’s leather business shoes | 25,574 kr (323,616 ₦) | 50,000 ₦ | + 547% | |
| Transportation | + 309% | |||
| Transportation in Iceland is 309% more expensive than in Nigeria | ||||
| Iceland | Nigeria | Diff | ||
| Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new | 6,086,940 kr (77,023,772 ₦) | 5,000,000 ₦ | + 1440% | |
| 1 liter (1/4 gallon) of gas | 300 kr (3,797 ₦) | 1,034 ₦ | + 267% | |
| Monthly ticket public transport | 10,800 kr (136,663 ₦) | 34,491 ₦ | + 296% | |
| Personal Care | + 608% | |||
| Personal Care in Iceland is 608% more expensive than in Nigeria | ||||
| Iceland | Nigeria | Diff | ||
| Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) | 1,367 kr (17,300 ₦) | 4,044 ₦ | + 328% | |
| 1 box of antibiotics (12 doses) | 3,085 kr (39,033 ₦) | 1,768 ₦ | + 2108% | |
| Short visit to private doctor (15 minutes) | 19,528 kr (247,102 ₦) | 17,619 ₦ | + 1302% | |
| 1 box of 32 tampons (tampax, ob, ...) | 750 kr (9,490 ₦) | 4,474 ₦ | + 112% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | 665 kr (8,416 ₦) | 1,749 ₦ | + 381% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | 948 kr (11,991 ₦) | 3,834 ₦ | + 213% | |
| 4 rolls of toilet paper | 863 kr (10,919 ₦) | 2,923 ₦ | + 274% | |
| Tube of toothpaste | 577 kr (7,303 ₦) | 1,338 ₦ | + 446% | |
| Standard men's haircut in expat area of the city | 7,963 kr (100,758 ₦) | 3,631 ₦ | + 2675% | |
| Entertainment | + 308% | |||
| Entertainment in Iceland is 308% more expensive than in Nigeria | ||||
| Iceland | Nigeria | Diff | ||
| Basic dinner out for two in neighborhood pub | 9,486 kr (120,037 ₦) | 43,872 ₦ | + 174% | |
| 2 tickets to the movies | 5,796 kr (73,343 ₦) | 11,069 ₦ | + 563% | |
| 2 tickets to the theater (best available seats) | 17,961 kr (227,276 ₦) | 15,224 ₦ | + 1393% | |
| Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert | 11,715 kr (148,241 ₦) | 42,055 ₦ | + 252% | |
| 1 cocktail drink in downtown club | 3,638 kr (46,031 ₦) | 4,541 ₦ | + 914% | |
| Cappuccino in expat area of the city | 811 kr (10,262 ₦) | 3,331 ₦ | + 208% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | 1,366 kr (17,290 ₦) | 1,421 ₦ | + 1117% | |
| Ipad wi-fi 128gb | 172,430 kr (2,181,919 ₦) | 298,218 ₦ | + 632% | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | - | - | - | |
| 1 month of gym membership in business district | 25,228 kr (319,235 ₦) | 34,159 ₦ | + 835% | |
| 1 package of marlboro cigarettes | 1,827 kr (23,124 ₦) | 2,500 ₦ | + 825% | |
| TOTAL | + 386% | |||
WARNING! This comparison is based on only a few data points. At this point it is only a guess. It is based on 314 prices entered by 42 different people.
These prices were last updated on March 03, 2025.
Exchange rate:
12.654
NGN
/
ISK
*
Cost of living in Iceland is 386% more expensive than in Nigeria
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