Cost of living in Micronesia compared to Nigeria
Currency:
| Food | + 28% | |||
|---|---|---|---|---|
| Food in Micronesia is 28% more expensive than in Nigeria | ||||
| Micronesia | Nigeria | Diff | ||
| Basic lunchtime menu (including a drink) in the business district | - | 3,461 ₦ | - | |
| Combo meal in fast food restaurant (big mac meal or similar) | - | 3,494 ₦ | - | |
| 500 gr (1 lb.) of boneless chicken breast | - | 1,266 ₦ | - | |
| 1 liter (1 qt.) of whole fat milk | $2.00 (831 ₦) | 1,051 ₦ | - 21% | |
| 12 eggs, large | $3.00 (1,246 ₦) | 808 ₦ | + 54% | |
| 1 kg (2 lb.) of tomatoes | - | 989 ₦ | - | |
| 500 gr (16 oz.) of local cheese | $10 (4,120 ₦) | 5,019 ₦ | - 18% | |
| 1 kg (2 lb.) of apples | $7 (2,746 ₦) | 1,236 ₦ | + 122% | |
| 1 kg (2 lb.) of potatoes | $3.53 (1,465 ₦) | 1,012 ₦ | + 45% | |
| 0.5 l (16 oz) domestic beer in the supermarket | $3.41 (1,416 ₦) | 367 ₦ | + 286% | |
| 1 bottle of red table wine, good quality | $15 (6,229 ₦) | 4,640 ₦ | + 34% | |
| 2 liters of coca-cola | - | 659 ₦ | - | |
| Bread for 2 people for 1 day | $2.00 (831 ₦) | 528 ₦ | + 57% | |
| Housing | + 8% | |||
| Housing in Micronesia is 8% more expensive than in Nigeria | ||||
| Micronesia | Nigeria | Diff | ||
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area | $1,800 (747,450 ₦) | 600,977 ₦ | + 24% | |
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area | $550 (228,388 ₦) | 344,756 ₦ | - 34% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | - | 21,473 ₦ | - | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area | $1,200 (498,300 ₦) | 319,785 ₦ | + 56% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area | $400 (166,100 ₦) | 184,708 ₦ | - 10% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio | - | 7,649 ₦ | - | |
| Internet 8 mbps (1 month) | $33 (13,703 ₦) | 17,828 ₦ | - 23% | |
| 40” flat screen tv | - | 105,832 ₦ | - | |
| Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) | - | 74,342 ₦ | - | |
| Laundry detergent (3 l. ~ 100 oz.) | - | 1,818 ₦ | - | |
| Hourly rate for cleaning help | $3.50 (1,453 ₦) | - | - | |
| Clothes | - 27% | |||
| Clothes in Micronesia is 27% cheaper than in Nigeria | ||||
| Micronesia | Nigeria | Diff | ||
| 1 pair of jeans (levis 501 or similar) | - | 9,511 ₦ | - | |
| 1 summer dress in a high street store (zara, h&m or similar retailers) | $15 (6,229 ₦) | 14,349 ₦ | - 57% | |
| 1 pair of sport shoes (nike, adidas, or equivalent brands) | - | 46,330 ₦ | - | |
| 1 pair of men’s leather business shoes | - | 37,979 ₦ | - | |
| Transportation | + 15% | |||
| Transportation in Micronesia is 15% more expensive than in Nigeria | ||||
| Micronesia | Nigeria | Diff | ||
| Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new | - | 7,857,240 ₦ | - | |
| 1 liter (1/4 gallon) of gas | $1.32 (548 ₦) | 182 ₦ | + 201% | |
| Monthly ticket public transport | - | 8,326 ₦ | - | |
| 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) | - | 526 ₦ | - | |
| 1 box of antibiotics (12 doses) | - | 1,787 ₦ | - | |
| Short visit to private doctor (15 minutes) | - | 15,152 ₦ | - | |
| 1 box of 32 tampons (tampax, ob, ...) | - | 1,295 ₦ | - | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | - | 1,096 ₦ | - | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | - | 1,223 ₦ | - | |
| 4 rolls of toilet paper | - | 604 ₦ | - | |
| Tube of toothpaste | - | 529 ₦ | - | |
| Standard men's haircut in expat area of the city | - | 1,631 ₦ | - | |
| Entertainment | + 13% | |||
| Entertainment in Micronesia is 13% more expensive than in Nigeria | ||||
| Micronesia | Nigeria | Diff | ||
| Basic dinner out for two in neighborhood pub | $32 (13,288 ₦) | 5,323 ₦ | + 150% | |
| 2 tickets to the movies | $14 (5,814 ₦) | 5,345 ₦ | + 9% | |
| 2 tickets to the theater (best available seats) | - | 19,661 ₦ | - | |
| Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert | - | 9,858 ₦ | - | |
| 1 cocktail drink in downtown club | - | 970 ₦ | - | |
| Cappuccino in expat area of the city | - | 596 ₦ | - | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | - | 579 ₦ | - | |
| Ipad wi-fi 128gb | - | 182,671 ₦ | - | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | - | 25 ₦ | - | |
| 1 month of gym membership in business district | - | 20,152 ₦ | - | |
| 1 package of marlboro cigarettes | - | 501 ₦ | - | |
| TOTAL | + 13% | |||
WARNING! This comparison is based on only a few data points. At this point it is only a guess. It is based on 278 prices entered by 43 different people.
These prices were last updated on May 11, 2022.
Exchange rate:
415.250
NGN
/
USD
*
Cost of living in Micronesia is 13% more expensive than in Nigeria
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