Cost of living in Monaco compared to Nigeria
Currency:
| Food | + 373% | |||
|---|---|---|---|---|
| Food in Monaco is 373% more expensive than in Nigeria | ||||
| Monaco | Nigeria | Diff | ||
| Basic lunchtime menu (including a drink) in the business district | €30 (54,607 ₦) | 6,197 ₦ | + 781% | |
| Combo meal in fast food restaurant (big mac meal or similar) | €13 (22,958 ₦) | 4,250 ₦ | + 440% | |
| 500 gr (1 lb.) of boneless chicken breast | €10 (18,202 ₦) | 3,207 ₦ | + 468% | |
| 1 liter (1 qt.) of whole fat milk | €1.95 (3,549 ₦) | 1,209 ₦ | + 193% | |
| 12 eggs, large | €6.00 (10,921 ₦) | 2,479 ₦ | + 341% | |
| 1 kg (2 lb.) of tomatoes | €4.00 (7,281 ₦) | 1,495 ₦ | + 387% | |
| 500 gr (16 oz.) of local cheese | €9 (16,382 ₦) | 5,933 ₦ | + 176% | |
| 1 kg (2 lb.) of apples | €5.00 (9,101 ₦) | 3,488 ₦ | + 161% | |
| 1 kg (2 lb.) of potatoes | €2.00 (3,640 ₦) | 2,733 ₦ | + 33% | |
| 0.5 l (16 oz) domestic beer in the supermarket | €4.00 (7,281 ₦) | 1,037 ₦ | + 602% | |
| 1 bottle of red table wine, good quality | €15 (27,304 ₦) | 9,593 ₦ | + 185% | |
| 2 liters of coca-cola | €2.00 (3,640 ₦) | 1,084 ₦ | + 236% | |
| Bread for 2 people for 1 day | €2.50 (4,551 ₦) | 1,323 ₦ | + 244% | |
| Housing | + 439% | |||
| Housing in Monaco is 439% more expensive than in Nigeria | ||||
| Monaco | Nigeria | Diff | ||
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area | €2,127 (3,871,191 ₦) | 2,222,680 ₦ | + 74% | |
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area | €8,000 (14,561,902 ₦) | 1,328,290 ₦ | + 996% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | €65 (118,315 ₦) | 153,894 ₦ | - 23% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area | €4,888 (8,897,486 ₦) | 844,148 ₦ | + 954% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area | €3,999 (7,278,985 ₦) | 754,176 ₦ | + 865% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio | €220 (400,452 ₦) | 240,561 ₦ | + 66% | |
| Internet 8 mbps (1 month) | €89 (162,001 ₦) | 28,675 ₦ | + 465% | |
| 40” flat screen tv | €800 (1,456,190 ₦) | 387,079 ₦ | + 276% | |
| Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) | €230 (418,655 ₦) | 126,450 ₦ | + 231% | |
| Laundry detergent (3 l. ~ 100 oz.) | €15 (27,304 ₦) | 2,193 ₦ | + 1145% | |
| Hourly rate for cleaning help | €20 (36,405 ₦) | 2,985 ₦ | + 1119% | |
| Clothes | + 227% | |||
| Clothes in Monaco is 227% more expensive than in Nigeria | ||||
| Monaco | Nigeria | Diff | ||
| 1 pair of jeans (levis 501 or similar) | €180 (327,643 ₦) | 17,024 ₦ | + 1825% | |
| 1 summer dress in a high street store (zara, h&m or similar retailers) | - | 15,682 ₦ | - | |
| 1 pair of sport shoes (nike, adidas, or equivalent brands) | €303 (552,284 ₦) | 45,968 ₦ | + 1101% | |
| 1 pair of men’s leather business shoes | €300 (546,071 ₦) | 50,000 ₦ | + 992% | |
| Transportation | + 155% | |||
| Transportation in Monaco is 155% more expensive than in Nigeria | ||||
| Monaco | Nigeria | Diff | ||
| Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new | €40,549 (73,808,273 ₦) | 5,000,000 ₦ | + 1376% | |
| 1 liter (1/4 gallon) of gas | €2.20 (4,005 ₦) | 1,034 ₦ | + 287% | |
| Monthly ticket public transport | €27 (49,146 ₦) | 34,491 ₦ | + 42% | |
| Personal Care | + 353% | |||
| Personal Care in Monaco is 353% more expensive than in Nigeria | ||||
| Monaco | Nigeria | Diff | ||
| Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) | €16 (29,124 ₦) | 4,044 ₦ | + 620% | |
| 1 box of antibiotics (12 doses) | €5.60 (10,193 ₦) | 1,768 ₦ | + 477% | |
| Short visit to private doctor (15 minutes) | €38 (69,169 ₦) | 17,619 ₦ | + 293% | |
| 1 box of 32 tampons (tampax, ob, ...) | €35 (63,708 ₦) | 4,474 ₦ | + 1324% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | - | 1,749 ₦ | - | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | €28 (50,967 ₦) | 3,834 ₦ | + 1229% | |
| 4 rolls of toilet paper | €2.00 (3,640 ₦) | 2,923 ₦ | + 25% | |
| Tube of toothpaste | €13 (23,663 ₦) | 1,338 ₦ | + 1669% | |
| Standard men's haircut in expat area of the city | €58 (105,504 ₦) | 3,631 ₦ | + 2805% | |
| Entertainment | + 480% | |||
| Entertainment in Monaco is 480% more expensive than in Nigeria | ||||
| Monaco | Nigeria | Diff | ||
| Basic dinner out for two in neighborhood pub | €120 (218,429 ₦) | 43,872 ₦ | + 398% | |
| 2 tickets to the movies | €40 (73,690 ₦) | 11,069 ₦ | + 566% | |
| 2 tickets to the theater (best available seats) | €963 (1,752,636 ₦) | 15,224 ₦ | + 11412% | |
| Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert | €100 (182,024 ₦) | 42,055 ₦ | + 333% | |
| 1 cocktail drink in downtown club | €20 (36,405 ₦) | 4,541 ₦ | + 702% | |
| Cappuccino in expat area of the city | €7 (13,464 ₦) | 3,331 ₦ | + 304% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | €1.00 (1,820 ₦) | 1,421 ₦ | + 28% | |
| Ipad wi-fi 128gb | €1,400 (2,548,333 ₦) | 298,218 ₦ | + 755% | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | €0.21 (375 ₦) | - | - | |
| 1 month of gym membership in business district | €300 (546,071 ₦) | 34,159 ₦ | + 1499% | |
| 1 package of marlboro cigarettes | €10 (18,202 ₦) | 2,500 ₦ | + 628% | |
| TOTAL | + 368% | |||
This comparison is lacking data. It provides a decent comparison, but it is not yet reliable. It is based on 262 prices entered by 38 different people.
These prices were last updated on March 21, 2025.
Exchange rate:
1820.238
NGN
/
EUR
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Cost of living in Monaco is 368% more expensive than in Nigeria
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