Lagos vs Reykjavik - Cost of Living Comparison

Updated:

Livingcost

Lagos Reykjavik
🚶 Cost of living one person
$1022
$3322
👨‍👩‍👧‍👦 Cost of living Family
$2296
$6846
🏠 One person rent
$536
$2058
🏘️ Family rent
$917
$3020
🍽️ Food expenses
$254
$916
🚐 Transport expenses
$182
$102
💳 Monthly salary after tax
$75
$4546
😷 Air quality
Moderate
Excellent
✈️ Airport proximity
17 km
4 km
🎓 Higher education
48
52
😀 Quality of life
42
89
🏙️ Population
15.1M
139K

The cost of living in Lagos is 69% less expensive than in Reykjavik. Cities ranked 5500th and 86th ($1022 vs $3322) in the list of the most expensive cities in the world and ranked 3rd and 1st in Nigeria and Iceland, respectively. Check Nigeria vs Iceland comparison.

The average after-tax salary is enough to cover living expenses for 0.1 months in Lagos compared to 1.4 months in Reykjavik. Lagos ranked 1st best city to live in Nigeria vs Reykjavik ranked 1st in Iceland, while ranked 7677th and 268th among best cities to live in the world.

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Prices in Lagos vs Reykjavik

Prices for goods and services in Lagos and Reykjavik are partly crowdsourced by our visitors, just like yourself. Please consider telling us about your city.

Lagos Reykjavik
Eating Out
🍱 Lunch Menu
$3.02
$28.6
🥂 Dinner in a Restaurant, for 2
$50.1
$90.8
🥪 Fast food meal, equiv. McDonald's
$5.71
$20.3
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$1
$12.6
☕ Cappuccino
$2.46
$6.19
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$0.5
$3.25
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$677
$2151
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$423
$1861
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$1214
$3373
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$747
$2721
🔌 Utility Bill one person, electricity, heating, water, etc.
$29.8
$51.6
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$44.9
$81.7
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$31.6
$87.2
🏦 Mortgage Interest Rate for 20 Years
17.98%
8.79%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$2211
$7832
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$1788
$6385
Transportation
🚌 Local transport ticket
$0.72
$5.51
🎟️ Monthly ticket local transport
$36.1
$87.9
🚕 Taxi Ride, 8 km or 5 mi
$18.9
$29.5
⛽ Gas / Petrol, 1 L or 0.26 gal
$0.64
$2.49
Groceries
🥛 Milk, 1 L or 1 qt
$2.73
$1.98
🍞 Bread, 0.5 kg or 1.1 lb
$1.22
$4.44
🍚 Rice, 1 kg or 2.2 lb
$1.82
$3.58
🥚 Eggs, x12
$1.7
$6.83
🧀 Cheese, 1 kg or 2.2 lb
$6.21
$19.7
🐔 Chicken Breast, 1 kg or 2.2 lb
$4.08
$26
🥩 Round Steak, 1 kg or 2.2 lb
$4.32
$44.9
🍏 Apples, 1 kg or 2.2 lb
$2.62
$3.55
🍌 Banana, 1 kg or 2.2 lb
$2.04
$2.67
🍊 Oranges, 1 kg or 2.2 lb
$2.1
$3.41
🍅 Tomato, 1 kg or 2.2 lb
$1.99
$5.8
🥔 Potato, 1 kg or 2.2 lb
$2
$3.52
🧅 Onion, 1 kg or 2.2 lb
$1.9
$2.2
🌊 Water, 1 L or 1 qt
$0.26
$1.27
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$0.72
$3.01
🍾 Wine (mid-priced), 750 mL bottle
$3.09
$24.2
🍺 Beer, 0.5 L or 16 fl oz
$0.66
$3.95
🚬 Cigarette pack
$1.27
$14
💊 Cold medicince, 1 week
$1.61
$12.7
🧴 Hair Shampoo
$1.26
$5.93
🧻 Toilet paper, 4 rolls
$0.74
$5.26
👄 Toothpaste, 1 tube
$1.15
$3.63
Other
🏋️ Gym Membership, 1 month
$31.2
$95.3
🎫 Cinema Ticket, 1 person
$5.79
$18.6
👩‍⚕️ Doctor's visit
$12.1
$93.8
💇 Haircut, simple
$1.64
$46.1
👖 Brand Jeans
$18
$144
👟 Brand Sneakers
$64.8
$176
👶 Daycare or Preschool, 1 month
$90.8
$408
🏫 International Primary School, 1 year
$2622
$30361

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Cost of Living in the nearest cities

Cities near Lagos

Distance City Cost of living
78 km or 48 mi Abeokuta
$1017
87 km or 54 mi Porto-Novo
$741
109 km or 68 mi Cotonou
$796
120 km or 74 mi Ibadan
$759
165 km or 102 mi Oyo
$665
171 km or 106 mi Ife
$775
176 km or 109 mi Abomey
$612
195 km or 121 mi Osogbo
$659
203 km or 126 mi Save
$650
217 km or 135 mi Akure
$578
239 km or 148 mi Ado Ekiti
$631
243 km or 151 mi Lome
$802
245 km or 152 mi Benin
$655
254 km or 158 mi Owo
$594
261 km or 162 mi Ilorin
$538
278 km or 173 mi Atakpame
$673
280 km or 174 mi Warri
$878
310 km or 193 mi Kpalime
$678
324 km or 201 mi Ho
$454
332 km or 206 mi Hohoe
$683
355 km or 221 mi Sotouboua
$673
375 km or 233 mi Onitsha
$922
376 km or 234 mi Sokode
$675
388 km or 241 mi Tema
$607
389 km or 242 mi Ashaiman
$654
406 km or 252 mi Awka
$785
407 km or 253 mi Koforidua
$703
408 km or 253 mi Accra
$861
416 km or 258 mi Owerri
$1555
422 km or 262 mi Kara
$682
441 km or 274 mi Port Harcourt
$618
452 km or 281 mi Enugu
$587
463 km or 288 mi Umuahia
$849
463 km or 288 mi Aba
$601
495 km or 307 mi Minna
$785
536 km or 333 mi Abuja
$1551
555 km or 345 mi Kumasi
$562
562 km or 350 mi Obuasi
$664
570 km or 354 mi Calabar
$386
572 km or 356 mi Tamale
$612

Cities near Reykjavik

Distance City Cost of living
6.8 km or 4.2 mi Kopavogur
$3219
9.8 km or 6.1 mi Hafnarfjorur
$3212
38 km or 24 mi Keflavik
$2621
247 km or 153 mi Akureyri
$2974
795 km or 494 mi Torshavn
$2066
1204 km or 748 mi Inverness
$2053
1230 km or 764 mi Elgin
$1540
1300 km or 808 mi Derry
$1620
1309 km or 813 mi Greenock
$1645
1321 km or 821 mi Aberdeen
$1848
1325 km or 823 mi Perth
$1656
1328 km or 825 mi Stirling
$1852
1331 km or 827 mi Paisley
$1906
1333 km or 828 mi Alloa
$1862
1337 km or 831 mi Glasgow
$2121
1339 km or 832 mi Dundee
$1585
1340 km or 833 mi Omagh
$1769
1341 km or 833 mi Cumbernauld
$1652
1342 km or 834 mi Irvine
$1707
1348 km or 838 mi East Kilbride
$1902
1349 km or 838 mi Kilmarnock
$1568
1351 km or 839 mi Dunfermline
$1782
1353 km or 841 mi Hamilton
$1854
1357 km or 843 mi Ayr
$1588
1360 km or 845 mi Kirkcaldy
$1821
1365 km or 848 mi Livingston
$1784
1372 km or 852 mi Edinburgh
$2331
1382 km or 859 mi Newtownabbey
$1892
1387 km or 862 mi Belfast
$1954
1390 km or 864 mi Bangor
$1496
1391 km or 864 mi Lisburn
$1945
1401 km or 871 mi Alesund
$1980
1413 km or 878 mi Galway
$2978
1425 km or 886 mi Dundalk
$2179
1431 km or 889 mi Dumfries
$1490
1433 km or 891 mi Nuuk
$2363
1441 km or 895 mi Molde
$2135
1454 km or 903 mi Kristiansund
$1984
1455 km or 904 mi Drogheda
$2627
1455 km or 904 mi Bergen
$2409