- Cost of Living
- Monaco
- Nigeria
- Comparison
Cost of living in Monaco compared to Nigeria
Currency:
| Food | + 109% | |||
|---|---|---|---|---|
| Food in Monaco is 109% more expensive than in Nigeria | ||||
| Basic lunchtime menu (including a drink) in the business district | €23 (9,237 ₦) | 2,358 ₦ | + 292% | |
| Combo meal in fast food restaurant (Big Mac Meal or similar) | €10 (4,242 ₦) | 2,009 ₦ | + 111% | |
| 500 gr (1 lb.) of boneless chicken breast | €4.00 (1,642 ₦) | 945 ₦ | + 74% | |
| 1 liter (1 qt.) of whole fat milk | €1.35 (554 ₦) | 891 ₦ | - 38% | |
| 12 eggs, large | €5.74 (2,356 ₦) | 572 ₦ | + 312% | |
| 1 kg (2 lb.) of tomatoes | - | 634 ₦ | - | |
| 500 gr (16 oz.) of local cheese | €7 (2,956 ₦) | 2,069 ₦ | + 43% | |
| 1 kg (2 lb.) of apples | €1.70 (698 ₦) | 1,160 ₦ | - 40% | |
| 1 kg (2 lb.) of potatoes | €8 (3,284 ₦) | 918 ₦ | + 258% | |
| 0.5 l (16 oz) domestic beer in the supermarket | €1.00 (411 ₦) | 333 ₦ | + 23% | |
| 1 bottle of red table wine, good quality | €8 (3,147 ₦) | 2,423 ₦ | + 30% | |
| 2 liters of Coca-Cola | - | 368 ₦ | - | |
| Bread for 2 people for 1 day | €1.20 (493 ₦) | 368 ₦ | + 34% | |
| Housing | + 561% | |||
| Housing in Monaco is 561% more expensive than in Nigeria | ||||
| Monthly rent for 85 m2 (900 Sqft) furnished accommodation in EXPENSIVE area | €8,318 (3,414,893 ₦) | 374,034 ₦ | + 813% | |
| Monthly rent for 85 m2 (900 Sqft) furnished accommodation in NORMAL area | €5,107 (2,096,653 ₦) | 313,093 ₦ | + 570% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | €250 (102,633 ₦) | 30,732 ₦ | + 234% | |
| Monthly rent for a 45 m2 (480 Sqft) furnished studio in EXPENSIVE area | €3,700 (1,518,974 ₦) | 216,395 ₦ | + 602% | |
| Monthly rent for a 45 m2 (480 Sqft) furnished studio in NORMAL area | €3,000 (1,231,601 ₦) | 113,871 ₦ | + 982% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 Sqft) studio | €120 (49,264 ₦) | 18,911 ₦ | + 161% | |
| Internet 8 Mbps (1 month) | - | 6,931 ₦ | - | |
| 40” flat screen TV | €480 (197,056 ₦) | 119,290 ₦ | + 65% | |
| Microwave 800/900 Watt (Bosch, Panasonic, LG, Sharp, or equivalent brands) | €180 (73,896 ₦) | 35,316 ₦ | + 109% | |
| Laundry detergent (3 l. ~ 100 oz.) | - | 1,142 ₦ | - | |
| Hourly rate for cleaning help | €20 (8,005 ₦) | 1,488 ₦ | + 438% | |
| Clothes | + 254% | |||
| Clothes in Monaco is 254% more expensive than in Nigeria | ||||
| 1 pair of jeans (Levis 501 or similar) | €85 (34,895 ₦) | 6,922 ₦ | + 404% | |
| 1 summer dress in a High Street Store (Zara, H&M or similar retailers) | €65 (26,685 ₦) | 11,004 ₦ | + 142% | |
| 1 pair of sport shoes (Nike, Adidas, or equivalent brands) | €240 (98,528 ₦) | 17,547 ₦ | + 461% | |
| 1 pair of men’s leather business shoes | €430 (176,529 ₦) | 30,237 ₦ | + 484% | |
| Transportation | + 69% | |||
| Transportation in Monaco is 69% more expensive than in Nigeria | ||||
| Volkswagen Golf 1.4 TSI 150 CV (or equivalent), with no extras, new | - | 5,470,950 ₦ | - | |
| 1 liter (1/4 gallon) of gas | - | 152 ₦ | - | |
| Monthly ticket public transport | €69 (28,409 ₦) | 10,211 ₦ | + 178% | |
| Personal Care | + 170% | |||
| Personal Care in Monaco is 170% more expensive than in Nigeria | ||||
| Cold medicine for 6 days (Tylenol, Frenadol, Coldrex, or equivalent brands) | - | 1,712 ₦ | - | |
| 1 box of antibiotics (12 doses) | - | 1,894 ₦ | - | |
| Short visit to private Doctor (15 minutes) | €150 (61,580 ₦) | 7,666 ₦ | + 703% | |
| 1 box of 32 tampons (Tampax, OB, ...) | - | 1,414 ₦ | - | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | €8 (3,079 ₦) | 1,096 ₦ | + 181% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | - | 1,358 ₦ | - | |
| 4 rolls of toilet paper | - | 382 ₦ | - | |
| Tube of toothpaste | - | 488 ₦ | - | |
| Standard men's haircut in expat area of the city | €40 (16,421 ₦) | 1,562 ₦ | + 951% | |
| Entertainment | + 329% | |||
| Entertainment in Monaco is 329% more expensive than in Nigeria | ||||
| Basic dinner out for two in neighborhood pub | €50 (20,527 ₦) | 5,380 ₦ | + 282% | |
| 2 tickets to the movies | €26 (10,674 ₦) | 3,270 ₦ | + 226% | |
| 2 tickets to the theater (best available seats) | €400 (164,213 ₦) | 17,434 ₦ | + 842% | |
| Dinner for two at an Italian restaurant in the expat area including appetisers, main course, wine and dessert | €100 (41,053 ₦) | 14,287 ₦ | + 187% | |
| 1 cocktail drink in downtown club | €20 (8,211 ₦) | 2,654 ₦ | + 209% | |
| Cappuccino in expat area of the city | €3.50 (1,437 ₦) | 1,457 ₦ | - 1% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | €7 (2,668 ₦) | 559 ₦ | + 378% | |
| iPad Wi-Fi 128GB | - | 178,066 ₦ | - | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | €1.67 (684 ₦) | 43 ₦ | + 1493% | |
| 1 month of gym membership in business district | €55 (22,579 ₦) | 14,754 ₦ | + 53% | |
| 1 package of Marlboro cigarettes | €8 (3,284 ₦) | 461 ₦ | + 612% | |
| TOTAL | + 264% | |||
This comparison is lacking data. It provides a decent comparison, but it is not yet reliable. It is based on 1,464 prices entered by 124 different people.
These prices were last updated on December 15, 2018.
Exchange rate:
410.534
NGN
/
EUR
Cost of living in Monaco is 264% more expensive than in Nigeria
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