Cost of living in Iceland compared to Nigeria
Currency:
| Food | + 192% | |||
|---|---|---|---|---|
| Food in Iceland is 192% more expensive than in Nigeria | ||||
| Iceland | Nigeria | Diff | ||
| Basic lunchtime menu (including a drink) in the business district | 4,287 kr (14,146 ₦) | 2,666 ₦ | + 431% | |
| Combo meal in fast food restaurant (big mac meal or similar) | 2,748 kr (9,069 ₦) | 3,057 ₦ | + 197% | |
| 500 gr (1 lb.) of boneless chicken breast | 1,229 kr (4,054 ₦) | 1,497 ₦ | + 171% | |
| 1 liter (1 qt.) of whole fat milk | 241 kr (796 ₦) | 1,447 ₦ | - 45% | |
| 12 eggs, large | 815 kr (2,691 ₦) | 1,082 ₦ | + 149% | |
| 1 kg (2 lb.) of tomatoes | 653 kr (2,155 ₦) | 1,151 ₦ | + 87% | |
| 500 gr (16 oz.) of local cheese | 1,271 kr (4,193 ₦) | 1,257 ₦ | + 234% | |
| 1 kg (2 lb.) of apples | 429 kr (1,416 ₦) | 1,567 ₦ | - 10% | |
| 1 kg (2 lb.) of potatoes | 475 kr (1,568 ₦) | 1,213 ₦ | + 29% | |
| 0.5 l (16 oz) domestic beer in the supermarket | 662 kr (2,185 ₦) | 511 ₦ | + 328% | |
| 1 bottle of red table wine, good quality | 6,302 kr (20,793 ₦) | 3,367 ₦ | + 518% | |
| 2 liters of coca-cola | 346 kr (1,140 ₦) | 535 ₦ | + 113% | |
| Bread for 2 people for 1 day | 669 kr (2,209 ₦) | 568 ₦ | + 289% | |
| Housing | + 85% | |||
| Housing in Iceland is 85% more expensive than in Nigeria | ||||
| Iceland | Nigeria | Diff | ||
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area | 348,121 kr (1,148,690 ₦) | 1,087,280 ₦ | + 6% | |
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area | 277,000 kr (914,013 ₦) | 480,899 ₦ | + 90% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | 65,177 kr (215,064 ₦) | 50,320 ₦ | + 327% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area | 214,441 kr (707,588 ₦) | 441,651 ₦ | + 60% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area | 189,329 kr (624,726 ₦) | 270,421 ₦ | + 131% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio | 42,933 kr (141,665 ₦) | 80,318 ₦ | + 76% | |
| Internet 8 mbps (1 month) | 6,518 kr (21,507 ₦) | 17,872 ₦ | + 20% | |
| 40” flat screen tv | 165,479 kr (546,029 ₦) | 97,009 ₦ | + 463% | |
| Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) | 49,096 kr (162,000 ₦) | 56,399 ₦ | + 187% | |
| Laundry detergent (3 l. ~ 100 oz.) | 3,317 kr (10,943 ₦) | 6,433 ₦ | + 70% | |
| Hourly rate for cleaning help | 11,734 kr (38,719 ₦) | 1,500 ₦ | + 2481% | |
| Clothes | + 469% | |||
| Clothes in Iceland is 469% more expensive than in Nigeria | ||||
| Iceland | Nigeria | Diff | ||
| 1 pair of jeans (levis 501 or similar) | 37,157 kr (122,606 ₦) | 8,462 ₦ | + 1349% | |
| 1 summer dress in a high street store (zara, h&m or similar retailers) | 15,761 kr (52,006 ₦) | 12,300 ₦ | + 323% | |
| 1 pair of sport shoes (nike, adidas, or equivalent brands) | 31,870 kr (105,160 ₦) | 28,695 ₦ | + 266% | |
| 1 pair of men’s leather business shoes | 67,739 kr (223,518 ₦) | 29,497 ₦ | + 658% | |
| Transportation | + 111% | |||
| Transportation in Iceland is 111% more expensive than in Nigeria | ||||
| Iceland | Nigeria | Diff | ||
| Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new | 5,967,620 kr (19,691,267 ₦) | 8,000,000 ₦ | + 146% | |
| 1 liter (1/4 gallon) of gas | 296 kr (977 ₦) | 256 ₦ | + 282% | |
| Monthly ticket public transport | 11,269 kr (37,183 ₦) | 19,283 ₦ | + 93% | |
| Personal Care | + 426% | |||
| Personal Care in Iceland is 426% more expensive than in Nigeria | ||||
| Iceland | Nigeria | Diff | ||
| Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) | 713 kr (2,352 ₦) | 383 ₦ | + 515% | |
| 1 box of antibiotics (12 doses) | 3,600 kr (11,879 ₦) | 1,629 ₦ | + 629% | |
| Short visit to private doctor (15 minutes) | 24,000 kr (79,192 ₦) | 19,489 ₦ | + 306% | |
| 1 box of 32 tampons (tampax, ob, ...) | 1,114 kr (3,677 ₦) | 2,247 ₦ | + 64% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | 2,112 kr (6,970 ₦) | 835 ₦ | + 735% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | 851 kr (2,807 ₦) | 1,660 ₦ | + 69% | |
| 4 rolls of toilet paper | 1,255 kr (4,140 ₦) | 651 ₦ | + 536% | |
| Tube of toothpaste | 653 kr (2,154 ₦) | 663 ₦ | + 225% | |
| Standard men's haircut in expat area of the city | 7,548 kr (24,904 ₦) | 1,692 ₦ | + 1372% | |
| Entertainment | + 345% | |||
| Entertainment in Iceland is 345% more expensive than in Nigeria | ||||
| Iceland | Nigeria | Diff | ||
| Basic dinner out for two in neighborhood pub | 9,762 kr (32,212 ₦) | 8,546 ₦ | + 277% | |
| 2 tickets to the movies | 5,350 kr (17,652 ₦) | 6,169 ₦ | + 186% | |
| 2 tickets to the theater (best available seats) | 28,094 kr (92,701 ₦) | 8,826 ₦ | + 950% | |
| Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert | 21,937 kr (72,386 ₦) | 17,024 ₦ | + 325% | |
| 1 cocktail drink in downtown club | 3,419 kr (11,282 ₦) | 3,233 ₦ | + 249% | |
| Cappuccino in expat area of the city | 989 kr (3,264 ₦) | 1,074 ₦ | + 204% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | 1,777 kr (5,863 ₦) | 500 ₦ | + 1073% | |
| Ipad wi-fi 128gb | 188,000 kr (620,341 ₦) | 137,406 ₦ | + 351% | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | 70 kr (231 ₦) | 24 ₦ | + 872% | |
| 1 month of gym membership in business district | 13,622 kr (44,949 ₦) | 20,543 ₦ | + 119% | |
| 1 package of marlboro cigarettes | 1,792 kr (5,914 ₦) | 519 ₦ | + 1041% | |
| TOTAL | + 165% | |||
WARNING! This comparison is based on only a few data points. At this point it is only a guess. It is based on 456 prices entered by 63 different people.
These prices were last updated on May 21, 2023.
Exchange rate:
3.300
NGN
/
ISK
*
Cost of living in Iceland is 165% more expensive than in Nigeria
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