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- Monaco
- Nigeria
- Comparison
Cost of living in Monaco compared to Nigeria
Currency:
| Food | + 112% | |||
|---|---|---|---|---|
| Food in Monaco is 112% more expensive than in Nigeria | ||||
| Basic lunchtime menu (including a drink) in the business district | €23 (9,024 ₦) | 2,432 ₦ | + 271% | |
| Combo meal in fast food restaurant (Big Mac Meal or similar) | €10 (4,144 ₦) | 1,935 ₦ | + 114% | |
| 500 gr (1 lb.) of boneless chicken breast | €7 (2,636 ₦) | 886 ₦ | + 198% | |
| 1 liter (1 qt.) of whole fat milk | €1.35 (541 ₦) | 944 ₦ | - 43% | |
| 12 eggs, large | €5.74 (2,302 ₦) | 587 ₦ | + 292% | |
| 1 kg (2 lb.) of tomatoes | - | 668 ₦ | - | |
| 500 gr (16 oz.) of local cheese | €7 (2,888 ₦) | 2,270 ₦ | + 27% | |
| 1 kg (2 lb.) of apples | €1.70 (682 ₦) | 1,527 ₦ | - 55% | |
| 1 kg (2 lb.) of potatoes | €8 (3,209 ₦) | 774 ₦ | + 315% | |
| 0.5 l (16 oz) domestic beer in the supermarket | €1.00 (401 ₦) | 296 ₦ | + 36% | |
| 1 bottle of red table wine, good quality | €8 (3,075 ₦) | 2,324 ₦ | + 32% | |
| 2 liters of Coca-Cola | - | 376 ₦ | - | |
| Bread for 2 people for 1 day | €1.20 (481 ₦) | 356 ₦ | + 35% | |
| Housing | + 519% | |||
| Housing in Monaco is 519% more expensive than in Nigeria | ||||
| Monthly rent for 85 m2 (900 Sqft) furnished accommodation in EXPENSIVE area | €8,318 (3,336,149 ₦) | 363,465 ₦ | + 818% | |
| Monthly rent for 85 m2 (900 Sqft) furnished accommodation in NORMAL area | €5,107 (2,048,306 ₦) | 255,550 ₦ | + 702% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | €250 (100,267 ₦) | 27,273 ₦ | + 268% | |
| Monthly rent for a 45 m2 (480 Sqft) furnished studio in EXPENSIVE area | €3,700 (1,483,949 ₦) | 260,974 ₦ | + 469% | |
| Monthly rent for a 45 m2 (480 Sqft) furnished studio in NORMAL area | €3,000 (1,203,202 ₦) | 174,928 ₦ | + 588% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 Sqft) studio | €120 (48,128 ₦) | 13,154 ₦ | + 266% | |
| Internet 8 Mbps (1 month) | - | 7,853 ₦ | - | |
| 40” flat screen TV | €480 (192,512 ₦) | 101,644 ₦ | + 89% | |
| Microwave 800/900 Watt (Bosch, Panasonic, LG, Sharp, or equivalent brands) | €180 (72,192 ₦) | 33,215 ₦ | + 117% | |
| Laundry detergent (3 l. ~ 100 oz.) | - | 1,633 ₦ | - | |
| Hourly rate for cleaning help | €20 (7,821 ₦) | 2,092 ₦ | + 274% | |
| Clothes | + 229% | |||
| Clothes in Monaco is 229% more expensive than in Nigeria | ||||
| 1 pair of jeans (Levis 501 or similar) | €85 (34,091 ₦) | 8,552 ₦ | + 299% | |
| 1 summer dress in a High Street Store (Zara, H&M or similar retailers) | €65 (26,069 ₦) | 11,319 ₦ | + 130% | |
| 1 pair of sport shoes (Nike, Adidas, or equivalent brands) | €240 (96,256 ₦) | 17,570 ₦ | + 448% | |
| 1 pair of men’s leather business shoes | €430 (172,459 ₦) | 28,730 ₦ | + 500% | |
| Transportation | + 102% | |||
| Transportation in Monaco is 102% more expensive than in Nigeria | ||||
| Volkswagen Golf 1.4 TSI 150 CV (or equivalent), with no extras, new | - | 3,130,190 ₦ | - | |
| 1 liter (1/4 gallon) of gas | €1.60 (642 ₦) | 149 ₦ | + 330% | |
| Monthly ticket public transport | €69 (27,754 ₦) | 10,446 ₦ | + 166% | |
| Personal Care | + 154% | |||
| Personal Care in Monaco is 154% more expensive than in Nigeria | ||||
| Cold medicine for 6 days (Tylenol, Frenadol, Coldrex, or equivalent brands) | - | 1,910 ₦ | - | |
| 1 box of antibiotics (12 doses) | - | 2,106 ₦ | - | |
| Short visit to private Doctor (15 minutes) | €150 (60,160 ₦) | 7,619 ₦ | + 690% | |
| 1 box of 32 tampons (Tampax, OB, ...) | - | 1,377 ₦ | - | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | €8 (3,008 ₦) | 1,255 ₦ | + 140% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | - | 1,084 ₦ | - | |
| 4 rolls of toilet paper | - | 341 ₦ | - | |
| Tube of toothpaste | - | 457 ₦ | - | |
| Standard men's haircut in expat area of the city | €40 (16,043 ₦) | 2,077 ₦ | + 672% | |
| Entertainment | + 296% | |||
| Entertainment in Monaco is 296% more expensive than in Nigeria | ||||
| Basic dinner out for two in neighborhood pub | €50 (20,053 ₦) | 4,970 ₦ | + 304% | |
| 2 tickets to the movies | €26 (10,428 ₦) | 3,262 ₦ | + 220% | |
| 2 tickets to the theater (best available seats) | €400 (160,427 ₦) | 16,279 ₦ | + 886% | |
| Dinner for two at an Italian restaurant in the expat area including appetisers, main course, wine and dessert | €100 (40,107 ₦) | 13,159 ₦ | + 205% | |
| 1 cocktail drink in downtown club | €20 (8,021 ₦) | 2,413 ₦ | + 232% | |
| Cappuccino in expat area of the city | €3.50 (1,404 ₦) | 1,452 ₦ | - 3% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | €7 (2,607 ₦) | 644 ₦ | + 305% | |
| iPad Wi-Fi 128GB | - | 136,721 ₦ | - | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | €1.67 (669 ₦) | 62 ₦ | + 972% | |
| 1 month of gym membership in business district | €55 (22,059 ₦) | 16,394 ₦ | + 35% | |
| 1 package of Marlboro cigarettes | €7 (2,707 ₦) | 467 ₦ | + 479% | |
| TOTAL | + 263% | |||
This comparison is lacking data. It provides a decent comparison, but it is not yet reliable. It is based on 1,402 prices entered by 125 different people.
These prices were last updated on April 24, 2019.
Exchange rate:
401.067
NGN
/
EUR
Cost of living in Monaco is 263% more expensive than in Nigeria
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