Cost of living in Micronesia compared to Nigeria
Currency:
| Food | + 95% | |||
|---|---|---|---|---|
| Food in Micronesia is 95% more expensive than in Nigeria | ||||
| Basic lunchtime menu (including a drink) in the business district | $9 (3,488 ₦) | 1,860 ₦ | + 88% | |
| Combo meal in fast food restaurant (big mac meal or similar) | $10 (3,875 ₦) | 1,680 ₦ | + 131% | |
| 500 gr (1 lb.) of boneless chicken breast | - | 861 ₦ | - | |
| 1 liter (1 qt.) of whole fat milk | $2.00 (775 ₦) | 749 ₦ | + 3% | |
| 12 eggs, large | $3.00 (1,163 ₦) | 561 ₦ | + 107% | |
| 1 kg (2 lb.) of tomatoes | - | 653 ₦ | - | |
| 500 gr (16 oz.) of local cheese | $10 (3,844 ₦) | 1,870 ₦ | + 106% | |
| 1 kg (2 lb.) of apples | $7 (2,563 ₦) | 1,110 ₦ | + 131% | |
| 1 kg (2 lb.) of potatoes | $3.53 (1,367 ₦) | 585 ₦ | + 134% | |
| 0.5 l (16 oz) domestic beer in the supermarket | $3.41 (1,321 ₦) | 324 ₦ | + 307% | |
| 1 bottle of red table wine, good quality | $15 (5,813 ₦) | 2,970 ₦ | + 96% | |
| 2 liters of coca-cola | $3.00 (1,163 ₦) | 336 ₦ | + 246% | |
| Bread for 2 people for 1 day | $2.00 (775 ₦) | 355 ₦ | + 118% | |
| Housing | + 40% | |||
| Housing in Micronesia is 40% more expensive than in Nigeria | ||||
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area | $1,800 (697,507 ₦) | 441,012 ₦ | + 58% | |
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area | $550 (213,127 ₦) | 261,408 ₦ | - 18% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | - | 20,149 ₦ | - | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area | $1,200 (465,005 ₦) | 222,496 ₦ | + 109% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area | $400 (155,002 ₦) | 217,542 ₦ | - 29% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio | - | 10,810 ₦ | - | |
| Internet 8 mbps (1 month) | $33 (12,788 ₦) | 7,298 ₦ | + 75% | |
| 40” flat screen tv | - | 62,156 ₦ | - | |
| Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) | - | 29,341 ₦ | - | |
| Laundry detergent (3 l. ~ 100 oz.) | - | 999 ₦ | - | |
| Hourly rate for cleaning help | $3.50 (1,356 ₦) | 1,000 ₦ | + 36% | |
| Clothes | - 19% | |||
| Clothes in Micronesia is 19% cheaper than in Nigeria | ||||
| 1 pair of jeans (levis 501 or similar) | - | 5,049 ₦ | - | |
| 1 summer dress in a high street store (zara, h&m or similar retailers) | $15 (5,813 ₦) | 10,356 ₦ | - 44% | |
| 1 pair of sport shoes (nike, adidas, or equivalent brands) | - | 10,731 ₦ | - | |
| 1 pair of men’s leather business shoes | - | 15,987 ₦ | - | |
| Transportation | + 21% | |||
| Transportation in Micronesia is 21% more expensive than in Nigeria | ||||
| Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new | - | 2,324,530 ₦ | - | |
| 1 liter (1/4 gallon) of gas | $1.32 (512 ₦) | 146 ₦ | + 251% | |
| Monthly ticket public transport | - | 13,522 ₦ | - | |
| Personal Care | ||||
| Personal Care in Micronesia is about the same as in Nigeria | ||||
| Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) | - | 748 ₦ | - | |
| 1 box of antibiotics (12 doses) | - | 4,995 ₦ | - | |
| Short visit to private doctor (15 minutes) | - | 6,486 ₦ | - | |
| 1 box of 32 tampons (tampax, ob, ...) | - | 1,123 ₦ | - | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | - | 764 ₦ | - | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | - | 930 ₦ | - | |
| 4 rolls of toilet paper | - | 311 ₦ | - | |
| Tube of toothpaste | - | 396 ₦ | - | |
| Standard men's haircut in expat area of the city | - | 2,354 ₦ | - | |
| Entertainment | + 18% | |||
| Entertainment in Micronesia is 18% more expensive than in Nigeria | ||||
| Basic dinner out for two in neighborhood pub | $32 (12,400 ₦) | 4,367 ₦ | + 184% | |
| 2 tickets to the movies | $14 (5,425 ₦) | 3,670 ₦ | + 48% | |
| 2 tickets to the theater (best available seats) | - | 10,334 ₦ | - | |
| Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert | - | 26,560 ₦ | - | |
| 1 cocktail drink in downtown club | - | 2,914 ₦ | - | |
| Cappuccino in expat area of the city | - | 1,230 ₦ | - | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | - | 366 ₦ | - | |
| Ipad wi-fi 128gb | - | 70,572 ₦ | - | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | - | 20 ₦ | - | |
| 1 month of gym membership in business district | - | 13,946 ₦ | - | |
| 1 package of marlboro cigarettes | - | 454 ₦ | - | |
| TOTAL | + 40% | |||
WARNING! This comparison is based on only a few data points. At this point it is only a guess. It is based on 1,037 prices entered by 87 different people.
These prices were last updated on May 28, 2020.
Exchange rate:
387.504
NGN
/
USD
*
Cost of living in Micronesia is 40% more expensive than in Nigeria
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