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- Iceland
- Nigeria
- Comparison
Cost of living in Iceland compared to Nigeria
Currency:
| Food | + 169% | |||
|---|---|---|---|---|
| Food in Iceland is 169% more expensive than in Nigeria | ||||
| Basic lunchtime menu (including a drink) in the business district | 2,619 kr (7,816 ₦) | 2,432 ₦ | + 221% | |
| Combo meal in fast food restaurant (Big Mac Meal or similar) | 1,798 kr (5,366 ₦) | 1,960 ₦ | + 174% | |
| 500 gr (1 lb.) of boneless chicken breast | 1,204 kr (3,593 ₦) | 926 ₦ | + 288% | |
| 1 liter (1 qt.) of whole fat milk | 160 kr (478 ₦) | 920 ₦ | - 48% | |
| 12 eggs, large | 815 kr (2,432 ₦) | 586 ₦ | + 315% | |
| 1 kg (2 lb.) of tomatoes | 583 kr (1,740 ₦) | 666 ₦ | + 161% | |
| 500 gr (16 oz.) of local cheese | 1,256 kr (3,750 ₦) | 2,270 ₦ | + 65% | |
| 1 kg (2 lb.) of apples | 474 kr (1,415 ₦) | 1,123 ₦ | + 26% | |
| 1 kg (2 lb.) of potatoes | 439 kr (1,310 ₦) | 773 ₦ | + 70% | |
| 0.5 l (16 oz) domestic beer in the supermarket | 390 kr (1,163 ₦) | 296 ₦ | + 293% | |
| 1 bottle of red table wine, good quality | 2,945 kr (8,788 ₦) | 2,336 ₦ | + 276% | |
| 2 liters of Coca-Cola | 295 kr (882 ₦) | 370 ₦ | + 138% | |
| Bread for 2 people for 1 day | 317 kr (946 ₦) | 355 ₦ | + 167% | |
| Housing | + 179% | |||
| Housing in Iceland is 179% more expensive than in Nigeria | ||||
| Monthly rent for 85 m2 (900 Sqft) furnished accommodation in EXPENSIVE area | 268,384 kr (801,011 ₦) | 363,465 ₦ | + 120% | |
| Monthly rent for 85 m2 (900 Sqft) furnished accommodation in NORMAL area | 238,590 kr (712,089 ₦) | 255,550 ₦ | + 179% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | 20,951 kr (62,529 ₦) | 27,273 ₦ | + 129% | |
| Monthly rent for a 45 m2 (480 Sqft) furnished studio in EXPENSIVE area | 217,713 kr (649,780 ₦) | 260,974 ₦ | + 149% | |
| Monthly rent for a 45 m2 (480 Sqft) furnished studio in NORMAL area | 172,742 kr (515,561 ₦) | 174,928 ₦ | + 195% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 Sqft) studio | 34,139 kr (101,891 ₦) | 13,154 ₦ | + 675% | |
| Internet 8 Mbps (1 month) | 6,689 kr (19,964 ₦) | 7,853 ₦ | + 154% | |
| 40” flat screen TV | 116,205 kr (346,822 ₦) | 106,635 ₦ | + 225% | |
| Microwave 800/900 Watt (Bosch, Panasonic, LG, Sharp, or equivalent brands) | 28,086 kr (83,824 ₦) | 33,215 ₦ | + 152% | |
| Laundry detergent (3 l. ~ 100 oz.) | 1,925 kr (5,746 ₦) | 1,633 ₦ | + 252% | |
| Hourly rate for cleaning help | 3,939 kr (11,756 ₦) | 2,092 ₦ | + 462% | |
| Clothes | + 191% | |||
| Clothes in Iceland is 191% more expensive than in Nigeria | ||||
| 1 pair of jeans (Levis 501 or similar) | 17,501 kr (52,232 ₦) | 8,800 ₦ | + 494% | |
| 1 summer dress in a High Street Store (Zara, H&M or similar retailers) | 9,084 kr (27,110 ₦) | 11,844 ₦ | + 129% | |
| 1 pair of sport shoes (Nike, Adidas, or equivalent brands) | 22,075 kr (65,884 ₦) | 18,039 ₦ | + 265% | |
| 1 pair of men’s leather business shoes | 28,033 kr (83,667 ₦) | 29,213 ₦ | + 186% | |
| Transportation | + 204% | |||
| Transportation in Iceland is 204% more expensive than in Nigeria | ||||
| Volkswagen Golf 1.4 TSI 150 CV (or equivalent), with no extras, new | 3,380,810 kr (10,090,271 ₦) | 3,130,190 ₦ | + 222% | |
| 1 liter (1/4 gallon) of gas | 219 kr (655 ₦) | 149 ₦ | + 339% | |
| Monthly ticket public transport | 11,025 kr (32,904 ₦) | 10,446 ₦ | + 215% | |
| Personal Care | + 149% | |||
| Personal Care in Iceland is 149% more expensive than in Nigeria | ||||
| Cold medicine for 6 days (Tylenol, Frenadol, Coldrex, or equivalent brands) | 1,355 kr (4,044 ₦) | 1,910 ₦ | + 112% | |
| 1 box of antibiotics (12 doses) | 1,601 kr (4,778 ₦) | 2,106 ₦ | + 127% | |
| Short visit to private Doctor (15 minutes) | 5,764 kr (17,202 ₦) | 7,619 ₦ | + 126% | |
| 1 box of 32 tampons (Tampax, OB, ...) | 498 kr (1,487 ₦) | 1,377 ₦ | + 8% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | 596 kr (1,780 ₦) | 1,199 ₦ | + 48% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | 866 kr (2,585 ₦) | 1,103 ₦ | + 134% | |
| 4 rolls of toilet paper | 516 kr (1,540 ₦) | 330 ₦ | + 367% | |
| Tube of toothpaste | 363 kr (1,085 ₦) | 464 ₦ | + 134% | |
| Standard men's haircut in expat area of the city | 5,848 kr (17,453 ₦) | 2,077 ₦ | + 740% | |
| Entertainment | + 168% | |||
| Entertainment in Iceland is 168% more expensive than in Nigeria | ||||
| Basic dinner out for two in neighborhood pub | 5,784 kr (17,264 ₦) | 4,970 ₦ | + 247% | |
| 2 tickets to the movies | 3,097 kr (9,244 ₦) | 3,330 ₦ | + 178% | |
| 2 tickets to the theater (best available seats) | 9,290 kr (27,726 ₦) | 16,279 ₦ | + 70% | |
| Dinner for two at an Italian restaurant in the expat area including appetisers, main course, wine and dessert | 12,253 kr (36,571 ₦) | 14,329 ₦ | + 155% | |
| 1 cocktail drink in downtown club | 2,505 kr (7,476 ₦) | 2,413 ₦ | + 210% | |
| Cappuccino in expat area of the city | 673 kr (2,010 ₦) | 1,452 ₦ | + 38% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | 1,117 kr (3,333 ₦) | 644 ₦ | + 417% | |
| iPad Wi-Fi 128GB | 117,825 kr (351,657 ₦) | 136,721 ₦ | + 157% | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | 64 kr (192 ₦) | 62 ₦ | + 207% | |
| 1 month of gym membership in business district | 7,802 kr (23,285 ₦) | 16,394 ₦ | + 42% | |
| 1 package of Marlboro cigarettes | 1,429 kr (4,263 ₦) | 467 ₦ | + 812% | |
| TOTAL | + 178% | |||
These prices were last updated on April 22, 2019.
Exchange rate:
2.985
NGN
/
ISK
This comparison is based on abundant and consistent data. It is based on 1,877 prices entered by 176 different people.
Cost of living in Iceland is 178% more expensive than in Nigeria
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