Cost of living in Monaco compared to Nigeria
Currency:
| Food | + 132% | |||
|---|---|---|---|---|
| Food in Monaco is 132% more expensive than in Nigeria | ||||
| Monaco | Nigeria | Diff | ||
| Basic lunchtime menu (including a drink) in the business district | €24 (11,775 ₦) | 2,666 ₦ | + 342% | |
| Combo meal in fast food restaurant (big mac meal or similar) | €13 (6,246 ₦) | 3,057 ₦ | + 104% | |
| 500 gr (1 lb.) of boneless chicken breast | €10 (4,926 ₦) | 1,497 ₦ | + 229% | |
| 1 liter (1 qt.) of whole fat milk | €1.60 (792 ₦) | 1,447 ₦ | - 45% | |
| 12 eggs, large | €5.48 (2,714 ₦) | 1,082 ₦ | + 151% | |
| 1 kg (2 lb.) of tomatoes | €3.80 (1,882 ₦) | 1,151 ₦ | + 63% | |
| 500 gr (16 oz.) of local cheese | €7 (3,467 ₦) | 1,257 ₦ | + 176% | |
| 1 kg (2 lb.) of apples | €3.00 (1,486 ₦) | 1,567 ₦ | - 5% | |
| 1 kg (2 lb.) of potatoes | €1.80 (891 ₦) | 1,213 ₦ | - 27% | |
| 0.5 l (16 oz) domestic beer in the supermarket | €4.00 (1,981 ₦) | 511 ₦ | + 288% | |
| 1 bottle of red table wine, good quality | €15 (7,429 ₦) | 3,367 ₦ | + 121% | |
| 2 liters of coca-cola | €2.50 (1,238 ₦) | 535 ₦ | + 131% | |
| Bread for 2 people for 1 day | €2.50 (1,238 ₦) | 568 ₦ | + 118% | |
| Housing | + 409% | |||
| Housing in Monaco is 409% more expensive than in Nigeria | ||||
| Monaco | Nigeria | Diff | ||
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area | €12,922 (6,399,842 ₦) | 1,087,280 ₦ | + 489% | |
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area | €8,757 (4,337,038 ₦) | 480,899 ₦ | + 802% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | €314 (155,379 ₦) | 50,320 ₦ | + 209% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area | €4,888 (2,420,854 ₦) | 441,651 ₦ | + 448% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area | €3,999 (1,980,488 ₦) | 270,421 ₦ | + 632% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio | €220 (108,956 ₦) | 80,318 ₦ | + 36% | |
| Internet 8 mbps (1 month) | €50 (24,763 ₦) | 17,872 ₦ | + 39% | |
| 40” flat screen tv | €800 (396,205 ₦) | 97,009 ₦ | + 308% | |
| Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) | €230 (113,909 ₦) | 56,399 ₦ | + 102% | |
| Laundry detergent (3 l. ~ 100 oz.) | €14 (7,029 ₦) | 6,433 ₦ | + 9% | |
| Hourly rate for cleaning help | €23 (11,159 ₦) | 1,500 ₦ | + 644% | |
| Clothes | + 125% | |||
| Clothes in Monaco is 125% more expensive than in Nigeria | ||||
| Monaco | Nigeria | Diff | ||
| 1 pair of jeans (levis 501 or similar) | €100 (49,526 ₦) | 8,462 ₦ | + 485% | |
| 1 summer dress in a high street store (zara, h&m or similar retailers) | - | 12,300 ₦ | - | |
| 1 pair of sport shoes (nike, adidas, or equivalent brands) | €303 (150,267 ₦) | 28,695 ₦ | + 424% | |
| 1 pair of men’s leather business shoes | €300 (148,577 ₦) | 29,497 ₦ | + 404% | |
| Transportation | + 35% | |||
| Transportation in Monaco is 35% more expensive than in Nigeria | ||||
| Monaco | Nigeria | Diff | ||
| Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new | €40,549 (20,081,974 ₦) | 8,000,000 ₦ | + 151% | |
| 1 liter (1/4 gallon) of gas | €1.98 (981 ₦) | 256 ₦ | + 283% | |
| Monthly ticket public transport | €27 (13,372 ₦) | 19,283 ₦ | - 31% | |
| Personal Care | + 210% | |||
| Personal Care in Monaco is 210% more expensive than in Nigeria | ||||
| Monaco | Nigeria | Diff | ||
| Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) | €11 (5,648 ₦) | 383 ₦ | + 1376% | |
| 1 box of antibiotics (12 doses) | €5.60 (2,773 ₦) | 1,629 ₦ | + 70% | |
| Short visit to private doctor (15 minutes) | €60 (29,715 ₦) | 19,489 ₦ | + 52% | |
| 1 box of 32 tampons (tampax, ob, ...) | €6 (3,194 ₦) | 2,247 ₦ | + 42% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | €4.37 (2,162 ₦) | 835 ₦ | + 159% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | €6.00 (2,972 ₦) | 1,660 ₦ | + 79% | |
| 4 rolls of toilet paper | €5.00 (2,476 ₦) | 651 ₦ | + 281% | |
| Tube of toothpaste | €4.00 (1,981 ₦) | 663 ₦ | + 199% | |
| Standard men's haircut in expat area of the city | €80 (39,620 ₦) | 1,692 ₦ | + 2242% | |
| Entertainment | + 479% | |||
| Entertainment in Monaco is 479% more expensive than in Nigeria | ||||
| Monaco | Nigeria | Diff | ||
| Basic dinner out for two in neighborhood pub | €135 (67,022 ₦) | 8,546 ₦ | + 684% | |
| 2 tickets to the movies | €40 (20,050 ₦) | 6,169 ₦ | + 225% | |
| 2 tickets to the theater (best available seats) | €963 (476,862 ₦) | 8,826 ₦ | + 5303% | |
| Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert | €100 (49,526 ₦) | 17,024 ₦ | + 191% | |
| 1 cocktail drink in downtown club | €20 (9,905 ₦) | 3,233 ₦ | + 206% | |
| Cappuccino in expat area of the city | €7 (3,663 ₦) | 1,074 ₦ | + 241% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | €10 (4,742 ₦) | 500 ₦ | + 848% | |
| Ipad wi-fi 128gb | €903 (447,454 ₦) | 137,406 ₦ | + 226% | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | €0.21 (102 ₦) | 24 ₦ | + 329% | |
| 1 month of gym membership in business district | €300 (148,577 ₦) | 20,543 ₦ | + 623% | |
| 1 package of marlboro cigarettes | €10 (4,953 ₦) | 519 ₦ | + 855% | |
| TOTAL | + 253% | |||
This comparison is lacking data. It provides a decent comparison, but it is not yet reliable. It is based on 370 prices entered by 56 different people.
These prices were last updated on May 27, 2023.
Exchange rate:
495.256
NGN
/
EUR
*
Cost of living in Monaco is 253% more expensive than in Nigeria
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