Cost of living in Micronesia compared to Nigeria
Currency:
| Food | + 65% | |||
|---|---|---|---|---|
| Food in Micronesia is 65% more expensive than in Nigeria | ||||
| Basic lunchtime menu (including a drink) in the business district | $9 (3,424 ₦) | 2,394 ₦ | + 43% | |
| Combo meal in fast food restaurant (big mac meal or similar) | $10 (3,805 ₦) | 2,466 ₦ | + 54% | |
| 500 gr (1 lb.) of boneless chicken breast | - | 1,096 ₦ | - | |
| 1 liter (1 qt.) of whole fat milk | $2.00 (761 ₦) | 691 ₦ | + 10% | |
| 12 eggs, large | $3.00 (1,141 ₦) | 748 ₦ | + 53% | |
| 1 kg (2 lb.) of tomatoes | - | 598 ₦ | - | |
| 500 gr (16 oz.) of local cheese | $10 (3,775 ₦) | 3,269 ₦ | + 15% | |
| 1 kg (2 lb.) of apples | $7 (2,516 ₦) | 847 ₦ | + 197% | |
| 1 kg (2 lb.) of potatoes | $3.53 (1,342 ₦) | 849 ₦ | + 58% | |
| 0.5 l (16 oz) domestic beer in the supermarket | $3.41 (1,297 ₦) | 440 ₦ | + 195% | |
| 1 bottle of red table wine, good quality | $15 (5,707 ₦) | 3,002 ₦ | + 90% | |
| 2 liters of coca-cola | $3.00 (1,141 ₦) | 332 ₦ | + 244% | |
| Bread for 2 people for 1 day | $2.00 (761 ₦) | 370 ₦ | + 106% | |
| Housing | + 30% | |||
| Housing in Micronesia is 30% more expensive than in Nigeria | ||||
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area | $1,800 (684,882 ₦) | 544,026 ₦ | + 26% | |
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area | $550 (209,270 ₦) | 225,108 ₦ | - 7% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | - | 46,145 ₦ | - | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area | $1,200 (456,588 ₦) | 125,257 ₦ | + 265% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area | $400 (152,196 ₦) | 212,528 ₦ | - 28% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio | - | 21,205 ₦ | - | |
| Internet 8 mbps (1 month) | $33 (12,556 ₦) | 12,000 ₦ | + 5% | |
| 40” flat screen tv | - | 101,717 ₦ | - | |
| Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) | - | 32,387 ₦ | - | |
| Laundry detergent (3 l. ~ 100 oz.) | - | 1,607 ₦ | - | |
| Hourly rate for cleaning help | $3.50 (1,332 ₦) | 1,000 ₦ | + 33% | |
| Clothes | - 27% | |||
| Clothes in Micronesia is 27% cheaper than in Nigeria | ||||
| 1 pair of jeans (levis 501 or similar) | - | 6,646 ₦ | - | |
| 1 summer dress in a high street store (zara, h&m or similar retailers) | $15 (5,707 ₦) | 13,358 ₦ | - 57% | |
| 1 pair of sport shoes (nike, adidas, or equivalent brands) | - | 20,347 ₦ | - | |
| 1 pair of men’s leather business shoes | - | 20,625 ₦ | - | |
| Transportation | + 19% | |||
| Transportation in Micronesia is 19% more expensive than in Nigeria | ||||
| Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new | - | 7,702,020 ₦ | - | |
| 1 liter (1/4 gallon) of gas | $1.32 (503 ₦) | 154 ₦ | + 227% | |
| Monthly ticket public transport | - | 14,469 ₦ | - | |
| Personal Care | ||||
| Personal Care in Micronesia is about the same as in Nigeria | ||||
| Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) | - | 1,669 ₦ | - | |
| 1 box of antibiotics (12 doses) | - | 2,713 ₦ | - | |
| Short visit to private doctor (15 minutes) | - | 17,133 ₦ | - | |
| 1 box of 32 tampons (tampax, ob, ...) | - | 1,323 ₦ | - | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | - | 920 ₦ | - | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | - | 1,753 ₦ | - | |
| 4 rolls of toilet paper | - | 441 ₦ | - | |
| Tube of toothpaste | - | 510 ₦ | - | |
| Standard men's haircut in expat area of the city | - | 2,472 ₦ | - | |
| Entertainment | + 12% | |||
| Entertainment in Micronesia is 12% more expensive than in Nigeria | ||||
| Basic dinner out for two in neighborhood pub | $32 (12,176 ₦) | 5,838 ₦ | + 109% | |
| 2 tickets to the movies | $14 (5,327 ₦) | 4,450 ₦ | + 20% | |
| 2 tickets to the theater (best available seats) | - | 17,051 ₦ | - | |
| Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert | - | 29,667 ₦ | - | |
| 1 cocktail drink in downtown club | - | 2,510 ₦ | - | |
| Cappuccino in expat area of the city | - | 1,843 ₦ | - | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | - | 400 ₦ | - | |
| Ipad wi-fi 128gb | - | 141,264 ₦ | - | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | - | 35 ₦ | - | |
| 1 month of gym membership in business district | - | 17,955 ₦ | - | |
| 1 package of marlboro cigarettes | - | 541 ₦ | - | |
| TOTAL | + 29% | |||
WARNING! This comparison is based on only a few data points. At this point it is only a guess. It is based on 574 prices entered by 54 different people.
These prices were last updated on April 28, 2021.
Exchange rate:
380.490
NGN
/
USD
*
Cost of living in Micronesia is 29% more expensive than in Nigeria
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