Cost of living in Monaco compared to Nigeria
Currency:
| Food | + 260% | |||
|---|---|---|---|---|
| Food in Monaco is 260% more expensive than in Nigeria | ||||
| Basic lunchtime menu (including a drink) in the business district | €29 (12,361 ₦) | 1,860 ₦ | + 565% | |
| Combo meal in fast food restaurant (big mac meal or similar) | €10 (4,187 ₦) | 1,680 ₦ | + 149% | |
| 500 gr (1 lb.) of boneless chicken breast | €5.92 (2,540 ₦) | 861 ₦ | + 195% | |
| 1 liter (1 qt.) of whole fat milk | €1.00 (429 ₦) | 749 ₦ | - 43% | |
| 12 eggs, large | €7 (2,977 ₦) | 561 ₦ | + 431% | |
| 1 kg (2 lb.) of tomatoes | €4.43 (1,901 ₦) | 653 ₦ | + 191% | |
| 500 gr (16 oz.) of local cheese | €8 (3,414 ₦) | 1,870 ₦ | + 83% | |
| 1 kg (2 lb.) of apples | €3.22 (1,379 ₦) | 1,110 ₦ | + 24% | |
| 1 kg (2 lb.) of potatoes | €3.47 (1,488 ₦) | 585 ₦ | + 155% | |
| 0.5 l (16 oz) domestic beer in the supermarket | €5.92 (2,540 ₦) | 324 ₦ | + 683% | |
| 1 bottle of red table wine, good quality | €12 (5,146 ₦) | 2,970 ₦ | + 73% | |
| 2 liters of coca-cola | €2.96 (1,270 ₦) | 336 ₦ | + 278% | |
| Bread for 2 people for 1 day | €3.00 (1,287 ₦) | 355 ₦ | + 263% | |
| Housing | + 188% | |||
| Housing in Monaco is 188% more expensive than in Nigeria | ||||
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area | €4,196 (1,799,656 ₦) | 441,012 ₦ | + 308% | |
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area | €2,573 (1,103,327 ₦) | 261,408 ₦ | + 322% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | €225 (96,284 ₦) | 20,149 ₦ | + 378% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area | €200 (85,772 ₦) | 222,496 ₦ | - 61% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area | €1,450 (621,849 ₦) | 217,542 ₦ | + 186% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio | €175 (75,051 ₦) | 10,810 ₦ | + 594% | |
| Internet 8 mbps (1 month) | €15 (6,433 ₦) | 7,298 ₦ | - 12% | |
| 40” flat screen tv | €150 (64,329 ₦) | 62,156 ₦ | + 3% | |
| Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) | €100 (42,886 ₦) | 29,341 ₦ | + 46% | |
| Laundry detergent (3 l. ~ 100 oz.) | €7 (3,002 ₦) | 999 ₦ | + 200% | |
| Hourly rate for cleaning help | €3.00 (1,287 ₦) | 1,000 ₦ | + 29% | |
| Clothes | + 101% | |||
| Clothes in Monaco is 101% more expensive than in Nigeria | ||||
| 1 pair of jeans (levis 501 or similar) | €25 (10,722 ₦) | 5,049 ₦ | + 112% | |
| 1 summer dress in a high street store (zara, h&m or similar retailers) | €50 (21,443 ₦) | 10,356 ₦ | + 107% | |
| 1 pair of sport shoes (nike, adidas, or equivalent brands) | €60 (25,732 ₦) | 10,731 ₦ | + 140% | |
| 1 pair of men’s leather business shoes | €40 (17,154 ₦) | 15,987 ₦ | + 7% | |
| Transportation | + 45% | |||
| Transportation in Monaco is 45% more expensive than in Nigeria | ||||
| Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new | €12,500 (5,360,764 ₦) | 2,324,530 ₦ | + 131% | |
| 1 liter (1/4 gallon) of gas | €1.00 (429 ₦) | 146 ₦ | + 194% | |
| Monthly ticket public transport | - | 13,522 ₦ | - | |
| Personal Care | + 159% | |||
| Personal Care in Monaco is 159% more expensive than in Nigeria | ||||
| Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) | €5.00 (2,144 ₦) | 748 ₦ | + 187% | |
| 1 box of antibiotics (12 doses) | €6.00 (2,573 ₦) | 4,995 ₦ | - 48% | |
| Short visit to private doctor (15 minutes) | €61 (26,157 ₦) | 6,486 ₦ | + 303% | |
| 1 box of 32 tampons (tampax, ob, ...) | €3.00 (1,287 ₦) | 1,123 ₦ | + 15% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | €3.75 (1,608 ₦) | 764 ₦ | + 110% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | €6.00 (2,573 ₦) | 930 ₦ | + 177% | |
| 4 rolls of toilet paper | €2.00 (858 ₦) | 311 ₦ | + 176% | |
| Tube of toothpaste | €2.00 (858 ₦) | 396 ₦ | + 116% | |
| Standard men's haircut in expat area of the city | €80 (34,309 ₦) | 2,354 ₦ | + 1358% | |
| Entertainment | + 69% | |||
| Entertainment in Monaco is 69% more expensive than in Nigeria | ||||
| Basic dinner out for two in neighborhood pub | €24 (10,293 ₦) | 4,367 ₦ | + 136% | |
| 2 tickets to the movies | €25 (10,722 ₦) | 3,670 ₦ | + 192% | |
| 2 tickets to the theater (best available seats) | €50 (21,443 ₦) | 10,334 ₦ | + 107% | |
| Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert | €39 (16,726 ₦) | 26,560 ₦ | - 37% | |
| 1 cocktail drink in downtown club | €4.18 (1,794 ₦) | 2,914 ₦ | - 38% | |
| Cappuccino in expat area of the city | €2.00 (858 ₦) | 1,230 ₦ | - 30% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | €4.00 (1,715 ₦) | 366 ₦ | + 369% | |
| Ipad wi-fi 128gb | €750 (321,646 ₦) | 70,572 ₦ | + 356% | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | €0.05 (21 ₦) | 20 ₦ | + 6% | |
| 1 month of gym membership in business district | €50 (21,443 ₦) | 13,946 ₦ | + 54% | |
| 1 package of marlboro cigarettes | €3.00 (1,287 ₦) | 454 ₦ | + 183% | |
| TOTAL | + 152% | |||
This comparison is lacking data. It provides a decent comparison, but it is not yet reliable. It is based on 1,136 prices entered by 95 different people.
These prices were last updated on May 28, 2020.
Exchange rate:
428.861
NGN
/
EUR
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Cost of living in Monaco is 152% more expensive than in Nigeria
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