Cost of living in Micronesia compared to Nigeria
Currency:
| Food | + 24% | |||
|---|---|---|---|---|
| Food in Micronesia is 24% more expensive than in Nigeria | ||||
| Micronesia | Nigeria | Diff | ||
| Basic lunchtime menu (including a drink) in the business district | - | 2,666 ₦ | - | |
| Combo meal in fast food restaurant (big mac meal or similar) | - | 3,057 ₦ | - | |
| 500 gr (1 lb.) of boneless chicken breast | - | 1,497 ₦ | - | |
| 1 liter (1 qt.) of whole fat milk | $2.00 (921 ₦) | 1,447 ₦ | - 36% | |
| 12 eggs, large | $3.00 (1,382 ₦) | 1,082 ₦ | + 28% | |
| 1 kg (2 lb.) of tomatoes | - | 1,151 ₦ | - | |
| 500 gr (16 oz.) of local cheese | $10 (4,571 ₦) | 1,257 ₦ | + 264% | |
| 1 kg (2 lb.) of apples | $7 (3,047 ₦) | 1,567 ₦ | + 94% | |
| 1 kg (2 lb.) of potatoes | $3.53 (1,625 ₦) | 1,213 ₦ | + 34% | |
| 0.5 l (16 oz) domestic beer in the supermarket | $3.41 (1,571 ₦) | 511 ₦ | + 207% | |
| 1 bottle of red table wine, good quality | $15 (6,911 ₦) | 3,367 ₦ | + 105% | |
| 2 liters of coca-cola | - | 535 ₦ | - | |
| Bread for 2 people for 1 day | $2.00 (921 ₦) | 568 ₦ | + 62% | |
| Housing | - 12% | |||
| Housing in Micronesia is 12% cheaper than in Nigeria | ||||
| Micronesia | Nigeria | Diff | ||
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area | $1,800 (829,296 ₦) | 1,087,280 ₦ | - 24% | |
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area | $550 (253,396 ₦) | 480,899 ₦ | - 47% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | - | 50,320 ₦ | - | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area | $1,200 (552,864 ₦) | 441,651 ₦ | + 25% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area | $400 (184,288 ₦) | 270,421 ₦ | - 32% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio | - | 80,318 ₦ | - | |
| Internet 8 mbps (1 month) | $33 (15,204 ₦) | 17,872 ₦ | - 15% | |
| 40” flat screen tv | - | 97,009 ₦ | - | |
| Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) | - | 56,399 ₦ | - | |
| Laundry detergent (3 l. ~ 100 oz.) | - | 6,433 ₦ | - | |
| Hourly rate for cleaning help | $3.50 (1,613 ₦) | 1,500 ₦ | + 8% | |
| Clothes | - 17% | |||
| Clothes in Micronesia is 17% cheaper than in Nigeria | ||||
| Micronesia | Nigeria | Diff | ||
| 1 pair of jeans (levis 501 or similar) | - | 8,462 ₦ | - | |
| 1 summer dress in a high street store (zara, h&m or similar retailers) | $15 (6,911 ₦) | 12,300 ₦ | - 44% | |
| 1 pair of sport shoes (nike, adidas, or equivalent brands) | - | 28,695 ₦ | - | |
| 1 pair of men’s leather business shoes | - | 29,497 ₦ | - | |
| Transportation | + 14% | |||
| Transportation in Micronesia is 14% more expensive than in Nigeria | ||||
| Micronesia | Nigeria | Diff | ||
| Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new | - | 8,000,000 ₦ | - | |
| 1 liter (1/4 gallon) of gas | $1.45 (668 ₦) | 256 ₦ | + 161% | |
| Monthly ticket public transport | - | 19,283 ₦ | - | |
| Personal Care | ||||
| Personal Care in Micronesia is about the same as in Nigeria | ||||
| Micronesia | Nigeria | Diff | ||
| Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) | - | 383 ₦ | - | |
| 1 box of antibiotics (12 doses) | - | 1,629 ₦ | - | |
| Short visit to private doctor (15 minutes) | - | 19,489 ₦ | - | |
| 1 box of 32 tampons (tampax, ob, ...) | - | 2,247 ₦ | - | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | - | 835 ₦ | - | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | - | 1,660 ₦ | - | |
| 4 rolls of toilet paper | - | 651 ₦ | - | |
| Tube of toothpaste | - | 663 ₦ | - | |
| Standard men's haircut in expat area of the city | - | 1,692 ₦ | - | |
| Entertainment | + 6% | |||
| Entertainment in Micronesia is 6% more expensive than in Nigeria | ||||
| Micronesia | Nigeria | Diff | ||
| Basic dinner out for two in neighborhood pub | $32 (14,743 ₦) | 8,546 ₦ | + 73% | |
| 2 tickets to the movies | $14 (6,450 ₦) | 6,169 ₦ | + 5% | |
| 2 tickets to the theater (best available seats) | - | 8,826 ₦ | - | |
| Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert | - | 17,024 ₦ | - | |
| 1 cocktail drink in downtown club | - | 3,233 ₦ | - | |
| Cappuccino in expat area of the city | - | 1,074 ₦ | - | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | - | 500 ₦ | - | |
| Ipad wi-fi 128gb | - | 137,406 ₦ | - | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | - | 24 ₦ | - | |
| 1 month of gym membership in business district | - | 20,543 ₦ | - | |
| 1 package of marlboro cigarettes | - | 519 ₦ | - | |
| TOTAL | + 4% | |||
WARNING! This comparison is based on only a few data points. At this point it is only a guess. It is based on 318 prices entered by 46 different people.
These prices were last updated on May 21, 2023.
Exchange rate:
460.720
NGN
/
USD
*
Cost of living in Micronesia is 4% more expensive than in Nigeria
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