Cost of living in Monaco compared to Nigeria
Currency:
| Food | + 135% | |||
|---|---|---|---|---|
| Food in Monaco is 135% more expensive than in Nigeria | ||||
| Monaco | Nigeria | Diff | ||
| Basic lunchtime menu (including a drink) in the business district | €25 (10,736 ₦) | 3,461 ₦ | + 210% | |
| Combo meal in fast food restaurant (big mac meal or similar) | €9 (4,118 ₦) | 3,494 ₦ | + 18% | |
| 500 gr (1 lb.) of boneless chicken breast | €5.00 (2,174 ₦) | 1,266 ₦ | + 72% | |
| 1 liter (1 qt.) of whole fat milk | €1.89 (821 ₦) | 1,051 ₦ | - 22% | |
| 12 eggs, large | €5.30 (2,303 ₦) | 808 ₦ | + 185% | |
| 1 kg (2 lb.) of tomatoes | €9 (3,852 ₦) | 989 ₦ | + 289% | |
| 500 gr (16 oz.) of local cheese | €23 (10,037 ₦) | 5,019 ₦ | + 100% | |
| 1 kg (2 lb.) of apples | €3.23 (1,406 ₦) | 1,236 ₦ | + 14% | |
| 1 kg (2 lb.) of potatoes | €2.11 (919 ₦) | 1,012 ₦ | - 9% | |
| 0.5 l (16 oz) domestic beer in the supermarket | €6 (2,750 ₦) | 367 ₦ | + 649% | |
| 1 bottle of red table wine, good quality | €27 (11,578 ₦) | 4,640 ₦ | + 150% | |
| 2 liters of coca-cola | €4.01 (1,745 ₦) | 659 ₦ | + 165% | |
| Bread for 2 people for 1 day | €2.96 (1,287 ₦) | 528 ₦ | + 144% | |
| Housing | + 469% | |||
| Housing in Monaco is 469% more expensive than in Nigeria | ||||
| Monaco | Nigeria | Diff | ||
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area | €9,234 (4,014,595 ₦) | 600,977 ₦ | + 568% | |
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area | €7,176 (3,119,638 ₦) | 344,756 ₦ | + 805% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | €223 (97,120 ₦) | 21,473 ₦ | + 352% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area | €6,443 (2,801,100 ₦) | 319,785 ₦ | + 776% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area | €3,622 (1,574,588 ₦) | 184,708 ₦ | + 752% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio | €278 (120,860 ₦) | 7,649 ₦ | + 1480% | |
| Internet 8 mbps (1 month) | €45 (19,651 ₦) | 17,828 ₦ | + 10% | |
| 40” flat screen tv | €600 (260,855 ₦) | 105,832 ₦ | + 146% | |
| Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) | €230 (99,994 ₦) | 74,342 ₦ | + 35% | |
| Laundry detergent (3 l. ~ 100 oz.) | €14 (6,171 ₦) | 1,818 ₦ | + 239% | |
| Hourly rate for cleaning help | €23 (9,796 ₦) | - | - | |
| Clothes | + 104% | |||
| Clothes in Monaco is 104% more expensive than in Nigeria | ||||
| Monaco | Nigeria | Diff | ||
| 1 pair of jeans (levis 501 or similar) | €100 (43,476 ₦) | 9,511 ₦ | + 357% | |
| 1 summer dress in a high street store (zara, h&m or similar retailers) | €30 (13,043 ₦) | 14,349 ₦ | - 9% | |
| 1 pair of sport shoes (nike, adidas, or equivalent brands) | €303 (131,911 ₦) | 46,330 ₦ | + 185% | |
| 1 pair of men’s leather business shoes | €300 (130,427 ₦) | 37,979 ₦ | + 243% | |
| Transportation | + 283% | |||
| Transportation in Monaco is 283% more expensive than in Nigeria | ||||
| Monaco | Nigeria | Diff | ||
| Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new | €40,549 (17,628,854 ₦) | 7,857,240 ₦ | + 124% | |
| 1 liter (1/4 gallon) of gas | €2.00 (870 ₦) | 182 ₦ | + 376% | |
| Monthly ticket public transport | €112 (48,564 ₦) | 8,326 ₦ | + 483% | |
| Personal Care | + 195% | |||
| Personal Care in Monaco is 195% more expensive than in Nigeria | ||||
| Monaco | Nigeria | Diff | ||
| Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) | €11 (4,958 ₦) | 526 ₦ | + 843% | |
| 1 box of antibiotics (12 doses) | €5.60 (2,435 ₦) | 1,787 ₦ | + 36% | |
| Short visit to private doctor (15 minutes) | €82 (35,462 ₦) | 15,152 ₦ | + 134% | |
| 1 box of 32 tampons (tampax, ob, ...) | €6 (2,803 ₦) | 1,295 ₦ | + 117% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | €4.37 (1,898 ₦) | 1,096 ₦ | + 73% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | €6.00 (2,609 ₦) | 1,223 ₦ | + 113% | |
| 4 rolls of toilet paper | €5.00 (2,174 ₦) | 604 ₦ | + 260% | |
| Tube of toothpaste | €4.00 (1,739 ₦) | 529 ₦ | + 229% | |
| Standard men's haircut in expat area of the city | €67 (28,941 ₦) | 1,631 ₦ | + 1675% | |
| Entertainment | + 398% | |||
| Entertainment in Monaco is 398% more expensive than in Nigeria | ||||
| Monaco | Nigeria | Diff | ||
| Basic dinner out for two in neighborhood pub | €150 (65,214 ₦) | 5,323 ₦ | + 1125% | |
| 2 tickets to the movies | €40 (17,601 ₦) | 5,345 ₦ | + 229% | |
| 2 tickets to the theater (best available seats) | €963 (418,611 ₦) | 19,661 ₦ | + 2029% | |
| Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert | €100 (43,476 ₦) | 9,858 ₦ | + 341% | |
| 1 cocktail drink in downtown club | €28 (12,283 ₦) | 970 ₦ | + 1166% | |
| Cappuccino in expat area of the city | €11 (4,856 ₦) | 596 ₦ | + 715% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | €10 (4,163 ₦) | 579 ₦ | + 618% | |
| Ipad wi-fi 128gb | €903 (392,795 ₦) | 182,671 ₦ | + 115% | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | €0.40 (174 ₦) | 25 ₦ | + 606% | |
| 1 month of gym membership in business district | - | 20,152 ₦ | - | |
| 1 package of marlboro cigarettes | €10 (4,348 ₦) | 501 ₦ | + 769% | |
| TOTAL | + 318% | |||
This comparison is lacking data. It provides a decent comparison, but it is not yet reliable. It is based on 302 prices entered by 47 different people.
These prices were last updated on May 11, 2022.
Exchange rate:
434.758
NGN
/
EUR
*
Cost of living in Monaco is 318% more expensive than in Nigeria
Other Country Comparisons
- Cost of living in Argentina is 5% cheaper than in Nigeria
- Cost of living in Anguilla is 173% more expensive than in Nigeria
- Cost of living in American Samoa is in Nigeria
- Cost of living in Netherlands Antilles is 67% more expensive than in Nigeria
- Cost of living in Afghanistan is 30% cheaper than in Nigeria
- Cost of living in Antigua and Barbuda is 73% more expensive than in Nigeria
- Cost of living in Armenia is 16% cheaper than in Nigeria
- Cost of living in United Arab Emirates is 90% more expensive than in Nigeria