Cost of living in Monaco compared to Nigeria
Currency:
| Food | + 261% | |||
|---|---|---|---|---|
| Food in Monaco is 261% more expensive than in Nigeria | ||||
| Basic lunchtime menu (including a drink) in the business district | €25 (12,270 ₦) | 2,296 ₦ | + 434% | |
| Combo meal in fast food restaurant (big mac meal or similar) | €9 (4,707 ₦) | 2,790 ₦ | + 69% | |
| 500 gr (1 lb.) of boneless chicken breast | €9 (4,600 ₦) | 1,085 ₦ | + 324% | |
| 1 liter (1 qt.) of whole fat milk | €1.89 (938 ₦) | 675 ₦ | + 39% | |
| 12 eggs, large | €5.36 (2,663 ₦) | 827 ₦ | + 222% | |
| 1 kg (2 lb.) of tomatoes | €9 (4,402 ₦) | 635 ₦ | + 593% | |
| 500 gr (16 oz.) of local cheese | €23 (11,470 ₦) | 3,064 ₦ | + 274% | |
| 1 kg (2 lb.) of apples | €5.06 (2,516 ₦) | 1,084 ₦ | + 132% | |
| 1 kg (2 lb.) of potatoes | €2.11 (1,050 ₦) | 1,099 ₦ | - 4% | |
| 0.5 l (16 oz) domestic beer in the supermarket | €4.88 (2,427 ₦) | 549 ₦ | + 342% | |
| 1 bottle of red table wine, good quality | €27 (13,231 ₦) | 2,934 ₦ | + 351% | |
| 2 liters of coca-cola | €4.01 (1,994 ₦) | 366 ₦ | + 445% | |
| Bread for 2 people for 1 day | €2.96 (1,471 ₦) | 394 ₦ | + 274% | |
| Housing | + 833% | |||
| Housing in Monaco is 833% more expensive than in Nigeria | ||||
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area | €9,800 (4,869,071 ₦) | 544,026 ₦ | + 795% | |
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area | €7,600 (3,776,015 ₦) | 196,901 ₦ | + 1818% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | €526 (261,338 ₦) | 34,981 ₦ | + 647% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area | €6,443 (3,201,116 ₦) | 128,374 ₦ | + 2394% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area | €3,622 (1,799,450 ₦) | 191,228 ₦ | + 841% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio | €278 (138,119 ₦) | 33,513 ₦ | + 312% | |
| Internet 8 mbps (1 month) | €45 (22,457 ₦) | 11,792 ₦ | + 90% | |
| 40” flat screen tv | €600 (298,106 ₦) | 116,113 ₦ | + 157% | |
| Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) | €230 (114,274 ₦) | 40,012 ₦ | + 186% | |
| Laundry detergent (3 l. ~ 100 oz.) | €17 (8,460 ₦) | 1,645 ₦ | + 414% | |
| Hourly rate for cleaning help | €23 (11,195 ₦) | 1,000 ₦ | + 1020% | |
| Clothes | + 194% | |||
| Clothes in Monaco is 194% more expensive than in Nigeria | ||||
| 1 pair of jeans (levis 501 or similar) | €100 (49,684 ₦) | 7,775 ₦ | + 539% | |
| 1 summer dress in a high street store (zara, h&m or similar retailers) | €30 (14,905 ₦) | 14,243 ₦ | + 5% | |
| 1 pair of sport shoes (nike, adidas, or equivalent brands) | €303 (150,749 ₦) | 15,717 ₦ | + 859% | |
| 1 pair of men’s leather business shoes | €300 (149,053 ₦) | 15,582 ₦ | + 857% | |
| Transportation | + 238% | |||
| Transportation in Monaco is 238% more expensive than in Nigeria | ||||
| Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new | €40,549 (20,146,379 ₦) | 8,553,290 ₦ | + 136% | |
| 1 liter (1/4 gallon) of gas | €1.60 (794 ₦) | 157 ₦ | + 405% | |
| Monthly ticket public transport | €112 (55,499 ₦) | 12,922 ₦ | + 329% | |
| Personal Care | + 145% | |||
| Personal Care in Monaco is 145% more expensive than in Nigeria | ||||
| Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) | €11 (5,666 ₦) | 1,873 ₦ | + 203% | |
| 1 box of antibiotics (12 doses) | €7 (3,471 ₦) | 3,886 ₦ | - 11% | |
| Short visit to private doctor (15 minutes) | €82 (40,526 ₦) | 21,360 ₦ | + 90% | |
| 1 box of 32 tampons (tampax, ob, ...) | €6 (3,204 ₦) | 1,776 ₦ | + 80% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | €4.37 (2,169 ₦) | 1,014 ₦ | + 114% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | €6.00 (2,981 ₦) | 2,171 ₦ | + 37% | |
| 4 rolls of toilet paper | €5.00 (2,484 ₦) | 671 ₦ | + 270% | |
| Tube of toothpaste | €4.00 (1,987 ₦) | 649 ₦ | + 206% | |
| Standard men's haircut in expat area of the city | €67 (33,074 ₦) | 2,351 ₦ | + 1307% | |
| Entertainment | + 220% | |||
| Entertainment in Monaco is 220% more expensive than in Nigeria | ||||
| Basic dinner out for two in neighborhood pub | €71 (35,478 ₦) | 9,428 ₦ | + 276% | |
| 2 tickets to the movies | €36 (17,799 ₦) | 4,368 ₦ | + 308% | |
| 2 tickets to the theater (best available seats) | €963 (478,392 ₦) | 18,463 ₦ | + 2491% | |
| Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert | €118 (58,693 ₦) | 21,062 ₦ | + 179% | |
| 1 cocktail drink in downtown club | €28 (14,037 ₦) | 2,330 ₦ | + 502% | |
| Cappuccino in expat area of the city | €8 (3,904 ₦) | 2,500 ₦ | + 56% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | €10 (4,758 ₦) | 700 ₦ | + 579% | |
| Ipad wi-fi 128gb | €819 (407,097 ₦) | 178,695 ₦ | + 128% | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | €0.40 (199 ₦) | 108 ₦ | + 84% | |
| 1 month of gym membership in business district | - | 15,945 ₦ | - | |
| 1 package of marlboro cigarettes | €8 (4,158 ₦) | 632 ₦ | + 558% | |
| TOTAL | + 419% | |||
This comparison is lacking data. It provides a decent comparison, but it is not yet reliable. It is based on 777 prices entered by 65 different people.
These prices were last updated on May 10, 2021.
Exchange rate:
496.844
NGN
/
EUR
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Cost of living in Monaco is 419% more expensive than in Nigeria
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