Lagos vs Reykjavik - Cost of Living Comparison

Updated: March 02, 2025

	Lagos	Reykjavik
🚶 Cost of living one person	$1113	$2938
👨‍👩‍👧‍👦 Cost of living Family	$3096	$5875
🏠 One person rent	$598	$1801
🏘️ Family rent	$1649	$2674
🍽️ Food expenses	$280	$827
🚐 Transport expenses	$183	$90.1
💳 Monthly salary after tax	$162	$3761
😷 Air quality	Moderate	Excellent
✈️ Airport proximity	17 km	4 km
🎓 Higher education	47	53
😀 Quality of life	40	89
🏙️ Population	15.1M	140K

The cost of living in Lagos is 62% less expensive than in Reykjavik. Cities ranked 4761st and 200th ($1113 vs $2938) 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 1.3 months in Reykjavik. Lagos ranked 1st best city to live in Nigeria vs Reykjavik ranked 1st in Iceland, while ranked 6935th and 194th among best cities to live in the world.

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Cost of living in Lagos vs Reykjavik infographic

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<img src="https://livingcost.org/assets/photo/cost/lagos/reykjavik.jpg" alt="Cost of living in Lagos vs Reykjavik infographic" style="max-width: 100%; height: auto;"><p>Source: <a href="https://livingcost.org/cost/lagos/reykjavik" target="_blank">Lagos vs Reykjavik - Cost of Living Comparison</a></p>

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	$2.72	$21.5
🥂 Dinner in a Restaurant, for 2	$49.5	$137
🥪 Fast food meal, equiv. McDonald's	$8.3	$17.9
🍻 Beer in a Pub, 0.5 L or 16 fl oz	$0.78	$10.8
☕ Cappuccino	$2.15	$5.37
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz	$0.37	$3.09
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2	$870	$1839
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2	$451	$1650
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2	$2294	$2869
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2	$1391	$2456
🔌 Utility Bill one person, electricity, heating, water, etc.	$28.2	$42.1
🔌 Utility Bill for a Family, electricity, heating, water, etc.	$42.8	$64.6
🌐 Internet plan, 50 Mbps+ 1 month unlimited	$34.8	$71.4
🏦 Mortgage Interest Rate for 20 Years	16.28%	9.41%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2	$1797	$6649
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2	$1310	$5599
Transportation
🚌 Local transport ticket	$0.65	$4.52
🎟️ Monthly ticket local transport	$36.1	$75.8
🚕 Taxi Ride, 8 km or 5 mi	$18.7	$26.4
⛽ Gas / Petrol, 1 L or 0.26 gal	$0.74	$2.23
Groceries
🥛 Milk, 1 L or 1 qt	$2.69	$1.66
🍞 Bread, 0.5 kg or 1.1 lb	$1.47	$3.74
🍚 Rice, 1 kg or 2.2 lb	$2.03	$3.24
🥚 Eggs, x12	$1.96	$5.94
🧀 Cheese, 1 kg or 2.2 lb	$5.75	$15.8
🐔 Chicken Breast, 1 kg or 2.2 lb	$4.68	$20.9
🥩 Round Steak, 1 kg or 2.2 lb	$5.01	$37
🍏 Apples, 1 kg or 2.2 lb	$3.68	$2.94
🍌 Banana, 1 kg or 2.2 lb	$2.42	$2.25
🍊 Oranges, 1 kg or 2.2 lb	$1.9	$2.73
🍅 Tomato, 1 kg or 2.2 lb	$2.38	$4.73
🥔 Potato, 1 kg or 2.2 lb	$2.12	$3.26
🧅 Onion, 1 kg or 2.2 lb	$1.9	$2.11
🌊 Water, 1 L or 1 qt	$0.32	$1.36
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz	$0.56	$2.69
🍾 Wine (mid-priced), 750 mL bottle	$4.82	$21.6
🍺 Beer, 0.5 L or 16 fl oz	$0.76	$3.26
🚬 Cigarette pack	$1.28	$12.3
💊 Cold medicince, 1 week	$1.45	$10.4
🧴 Hair Shampoo	$1.15	$5.23
🧻 Toilet paper, 4 rolls	$0.46	$4.55
👄 Toothpaste, 1 tube	$0.5	$3.2
Other
🏋️ Gym Membership, 1 month	$31.3	$73.2
🎫 Cinema Ticket, 1 person	$6.43	$15.9
👩‍⚕️ Doctor's visit	$11.1	$82.2
💇 Haircut, simple	$2.24	$45.6
👖 Brand Jeans	$22.1	$128
👟 Brand Sneakers	$64.8	$162
👶 Daycare or Preschool, 1 month	$83.2	$279
🏫 International Primary School, 1 year	$2289	$2532

Cost of living in other countries

Cost of living

$349

$907

$6.64K

Cost of Living in the nearest cities

Cities near Lagos

Distance	City	Cost of living
78 km or 48 mi	Abeokuta	$1030
87 km or 54 mi	Porto-Novo	$670
109 km or 68 mi	Cotonou	$709
120 km or 74 mi	Ibadan	$776
165 km or 102 mi	Oyo	$677
171 km or 106 mi	Ife	$779
176 km or 109 mi	Abomey	$590
195 km or 121 mi	Osogbo	$695
203 km or 126 mi	Save	$613
217 km or 135 mi	Akure	$634
239 km or 148 mi	Ado Ekiti	$666
243 km or 151 mi	Lome	$755
245 km or 152 mi	Benin	$558
254 km or 158 mi	Owo	$651
261 km or 162 mi	Ilorin	$535
278 km or 173 mi	Atakpame	$647
280 km or 174 mi	Warri	$881
310 km or 193 mi	Kpalime	$632
324 km or 201 mi	Ho	$354
332 km or 206 mi	Hohoe	$575
355 km or 221 mi	Sotouboua	$649
375 km or 233 mi	Onitsha	$972
376 km or 234 mi	Sokode	$651
388 km or 241 mi	Tema	$553
389 km or 242 mi	Ashaiman	$560
406 km or 252 mi	Awka	$805
407 km or 253 mi	Koforidua	$588
408 km or 253 mi	Accra	$729
416 km or 258 mi	Owerri	$1611
422 km or 262 mi	Kara	$658
441 km or 274 mi	Port Harcourt	$679
452 km or 281 mi	Enugu	$462
463 km or 288 mi	Umuahia	$883
463 km or 288 mi	Aba	$621
495 km or 307 mi	Minna	$743
536 km or 333 mi	Abuja	$1502
555 km or 345 mi	Kumasi	$433
562 km or 350 mi	Obuasi	$551
570 km or 354 mi	Calabar	$384
572 km or 356 mi	Tamale	$507

Cities near Reykjavik

Distance	City	Cost of living
6.8 km or 4.2 mi	Kopavogur	$2802
9.8 km or 6.1 mi	Hafnarfjorur	$2817
38 km or 24 mi	Keflavik	$2355
247 km or 153 mi	Akureyri	$2678
795 km or 494 mi	Torshavn	$1828
1204 km or 748 mi	Inverness	$1722
1230 km or 764 mi	Elgin	$1393
1300 km or 808 mi	Derry	$1390
1309 km or 813 mi	Greenock	$1601
1321 km or 821 mi	Aberdeen	$1614
1325 km or 823 mi	Perth	$1500
1328 km or 825 mi	Stirling	$1604
1331 km or 827 mi	Paisley	$1765
1333 km or 828 mi	Alloa	$1649
1337 km or 831 mi	Glasgow	$2011
1339 km or 832 mi	Dundee	$1482
1340 km or 833 mi	Omagh	$1562
1341 km or 833 mi	Cumbernauld	$1475
1342 km or 834 mi	Irvine	$1551
1348 km or 838 mi	East Kilbride	$1763
1349 km or 838 mi	Kilmarnock	$1480
1351 km or 839 mi	Dunfermline	$1692
1353 km or 841 mi	Hamilton	$1699
1357 km or 843 mi	Ayr	$1404
1360 km or 845 mi	Kirkcaldy	$1610
1365 km or 848 mi	Livingston	$1608
1372 km or 852 mi	Edinburgh	$2140
1382 km or 859 mi	Newtownabbey	$1692
1387 km or 862 mi	Belfast	$1755
1390 km or 864 mi	Bangor	$1382
1391 km or 864 mi	Lisburn	$1713
1401 km or 871 mi	Alesund	$1603
1413 km or 878 mi	Galway	$2297
1425 km or 886 mi	Dundalk	$1767
1431 km or 889 mi	Dumfries	$1246
1433 km or 891 mi	Nuuk	$2031
1441 km or 895 mi	Molde	$1813
1454 km or 903 mi	Kristiansund	$1700
1455 km or 904 mi	Drogheda	$2628
1455 km or 904 mi	Bergen	$2006