- Cost of Living
- Iceland
- Nigeria
- Comparison
Cost of living in Iceland compared to Nigeria
Currency:
| Food | + 159% | |||
|---|---|---|---|---|
| Food in Iceland is 159% more expensive than in Nigeria | ||||
| Basic lunchtime menu (including a drink) in the business district | 2,631 kr (7,790 ₦) | 2,358 ₦ | + 230% | |
| Combo meal in fast food restaurant (Big Mac Meal or similar) | 1,757 kr (5,201 ₦) | 2,009 ₦ | + 159% | |
| 500 gr (1 lb.) of boneless chicken breast | 1,138 kr (3,369 ₦) | 945 ₦ | + 256% | |
| 1 liter (1 qt.) of whole fat milk | 161 kr (477 ₦) | 891 ₦ | - 47% | |
| 12 eggs, large | 797 kr (2,359 ₦) | 572 ₦ | + 312% | |
| 1 kg (2 lb.) of tomatoes | 625 kr (1,851 ₦) | 634 ₦ | + 192% | |
| 500 gr (16 oz.) of local cheese | 1,147 kr (3,395 ₦) | 2,069 ₦ | + 64% | |
| 1 kg (2 lb.) of apples | 479 kr (1,419 ₦) | 1,160 ₦ | + 22% | |
| 1 kg (2 lb.) of potatoes | 371 kr (1,100 ₦) | 918 ₦ | + 20% | |
| 0.5 l (16 oz) domestic beer in the supermarket | 393 kr (1,165 ₦) | 333 ₦ | + 250% | |
| 1 bottle of red table wine, good quality | 2,917 kr (8,634 ₦) | 2,423 ₦ | + 256% | |
| 2 liters of Coca-Cola | 290 kr (857 ₦) | 368 ₦ | + 133% | |
| Bread for 2 people for 1 day | 331 kr (980 ₦) | 368 ₦ | + 166% | |
| Housing | + 166% | |||
| Housing in Iceland is 166% more expensive than in Nigeria | ||||
| Monthly rent for 85 m2 (900 Sqft) furnished accommodation in EXPENSIVE area | 260,225 kr (770,367 ₦) | 374,034 ₦ | + 106% | |
| Monthly rent for 85 m2 (900 Sqft) furnished accommodation in NORMAL area | 241,367 kr (714,540 ₦) | 313,093 ₦ | + 128% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | 12,235 kr (36,221 ₦) | 30,732 ₦ | + 18% | |
| Monthly rent for a 45 m2 (480 Sqft) furnished studio in EXPENSIVE area | 210,487 kr (623,123 ₦) | 216,395 ₦ | + 188% | |
| Monthly rent for a 45 m2 (480 Sqft) furnished studio in NORMAL area | 162,053 kr (479,739 ₦) | 113,871 ₦ | + 321% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 Sqft) studio | 22,017 kr (65,180 ₦) | 18,911 ₦ | + 245% | |
| Internet 8 Mbps (1 month) | 6,670 kr (19,745 ₦) | 6,931 ₦ | + 185% | |
| 40” flat screen TV | 85,746 kr (253,840 ₦) | 119,290 ₦ | + 113% | |
| Microwave 800/900 Watt (Bosch, Panasonic, LG, Sharp, or equivalent brands) | 20,510 kr (60,717 ₦) | 35,316 ₦ | + 72% | |
| Laundry detergent (3 l. ~ 100 oz.) | 1,804 kr (5,340 ₦) | 1,142 ₦ | + 368% | |
| Hourly rate for cleaning help | 3,491 kr (10,334 ₦) | 1,488 ₦ | + 595% | |
| Clothes | + 210% | |||
| Clothes in Iceland is 210% more expensive than in Nigeria | ||||
| 1 pair of jeans (Levis 501 or similar) | 15,967 kr (47,268 ₦) | 6,922 ₦ | + 583% | |
| 1 summer dress in a High Street Store (Zara, H&M or similar retailers) | 9,525 kr (28,197 ₦) | 11,004 ₦ | + 156% | |
| 1 pair of sport shoes (Nike, Adidas, or equivalent brands) | 19,996 kr (59,195 ₦) | 17,547 ₦ | + 237% | |
| 1 pair of men’s leather business shoes | 28,733 kr (85,061 ₦) | 30,237 ₦ | + 181% | |
| Transportation | + 172% | |||
| Transportation in Iceland is 172% more expensive than in Nigeria | ||||
| Volkswagen Golf 1.4 TSI 150 CV (or equivalent), with no extras, new | 3,426,470 kr (10,143,675 ₦) | 5,470,950 ₦ | + 85% | |
| 1 liter (1/4 gallon) of gas | 216 kr (638 ₦) | 152 ₦ | + 320% | |
| Monthly ticket public transport | 11,490 kr (34,016 ₦) | 10,211 ₦ | + 233% | |
| Personal Care | + 156% | |||
| Personal Care in Iceland is 156% more expensive than in Nigeria | ||||
| Cold medicine for 6 days (Tylenol, Frenadol, Coldrex, or equivalent brands) | 1,711 kr (5,066 ₦) | 1,712 ₦ | + 196% | |
| 1 box of antibiotics (12 doses) | 1,601 kr (4,739 ₦) | 1,894 ₦ | + 150% | |
| Short visit to private Doctor (15 minutes) | 4,541 kr (13,444 ₦) | 7,666 ₦ | + 75% | |
| 1 box of 32 tampons (Tampax, OB, ...) | 498 kr (1,475 ₦) | 1,414 ₦ | + 4% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | 622 kr (1,841 ₦) | 1,096 ₦ | + 68% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | 967 kr (2,862 ₦) | 1,358 ₦ | + 111% | |
| 4 rolls of toilet paper | 571 kr (1,689 ₦) | 382 ₦ | + 343% | |
| Tube of toothpaste | 350 kr (1,037 ₦) | 488 ₦ | + 113% | |
| Standard men's haircut in expat area of the city | 5,582 kr (16,524 ₦) | 1,562 ₦ | + 958% | |
| Entertainment | + 156% | |||
| Entertainment in Iceland is 156% more expensive than in Nigeria | ||||
| Basic dinner out for two in neighborhood pub | 6,466 kr (19,142 ₦) | 5,380 ₦ | + 256% | |
| 2 tickets to the movies | 3,094 kr (9,159 ₦) | 3,270 ₦ | + 180% | |
| 2 tickets to the theater (best available seats) | 11,063 kr (32,752 ₦) | 17,434 ₦ | + 88% | |
| Dinner for two at an Italian restaurant in the expat area including appetisers, main course, wine and dessert | 9,252 kr (27,389 ₦) | 14,287 ₦ | + 92% | |
| 1 cocktail drink in downtown club | 2,428 kr (7,188 ₦) | 2,654 ₦ | + 171% | |
| Cappuccino in expat area of the city | 655 kr (1,939 ₦) | 1,457 ₦ | + 33% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | 1,090 kr (3,228 ₦) | 559 ₦ | + 478% | |
| iPad Wi-Fi 128GB | 84,869 kr (251,245 ₦) | 178,066 ₦ | + 41% | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | 64 kr (190 ₦) | 43 ₦ | + 342% | |
| 1 month of gym membership in business district | 8,232 kr (24,369 ₦) | 14,754 ₦ | + 65% | |
| 1 package of Marlboro cigarettes | 1,454 kr (4,306 ₦) | 461 ₦ | + 834% | |
| TOTAL | + 166% | |||
These prices were last updated on December 10, 2018.
Exchange rate:
2.960
NGN
/
ISK
This comparison is based on abundant and consistent data. It is based on 1,989 prices entered by 194 different people.
Cost of living in Iceland is 166% more expensive than in Nigeria
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