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prices shown in
Lagos vs Reykjavik
Los vs Rkv

Average net salary (After tax)

Reykjavik
Lagos

Housing

  • Rent apartment
  • Buy apartment

Rent 1 bedroom apartment

Cost per month

In city centre
Rkv
Los
Outside city centre
Rkv
Los

Rent 3 bedroom apartment

Cost per month

In city centre
Rkv
Los
Outside city centre
Rkv
Los

Buy apartment

Price per m2

In city centre
Rkv
Los
Outside city centre
Rkv
Los

Mortgage rates

Reykjavik
4.5%
Lagos
5.5%
Compare our
home insurance prices

Utilities

  • Basic Utilities
  • Internet & Phone

Basic utilities

Electricity, heating, water, Garbage for a 85m2 Apartment

Reykjavik
Lagos

Internet

60 Mbps or more, unlimited data, Cable/ADSL

Rkv
Los

Mobile phone data

One-minute local prepaid call (no plan or discount)

Rkv
Los

Transport

  • Public Transport
  • Car

One-way ticket

Local transport

Rkv
Los

Monthly pass

Regular price

Rkv
Los

Fuel prices

Per Litre

Reykjavik
Lagos

Buying a new car

Volkswagen Golf 1.4 90KW Trendline (Or equivalent)

Rkv
Los
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car insurance prices

Groceries

  • Staples
  • Meat
  • Produce
  • Cigarettes

Staples

Milk 1L
Rkv
Los
White bread 500g
Rkv
Los
Eggs 12
Rkv
Los
White rice 1kg
Rkv
Los

Pack of cigarettes

(Marlboro)

Reykjavik
Lagos

Meat & cheese

Chicken breasts 1kg
Rkv
Los
Beef round 1kg
Rkv
Los
Local cheese 1kg
Rkv
Los

Vegetables

Potatoes 1kg
Rkv
Los
Lettuce 1 head
Rkv
Los
Tomatoes 1kg
Rkv
Los

Fruit

Apples 1kg
Rkv
Los
Oranges 1 head
Rkv
Los
Bananas 1kg
Rkv
Los

Eating Out

  • Food
  • Drinks

Meal for two

Inexpensive restaurant 2 meals
Rkv $4,070.74/mth
Los $4,070.74/mth
Mid-range restaurant Three-course meal for two people
Rkv $4,070.74/mth
Los $4,070.74/mth

Mcdonalds McMeal

Or equivalent combo meal

Reykjavik
4.5%
Lagos
5.5%

Restaurant Prices in Reykjavik are 17.14% higher than in Lagos

Drinks

Coke/Pepsi 0.33L
bottle
Rkv $4,070.74/mth
Los $4,070.74/mth
Water 0.33L
bottle
Rkv $4,070.74/mth
Los $4,070.74/mth
Cappuccino regular
Rkv $4,070.74/mth
Los $4,070.74/mth

Alcohol

  • Beer
  • Wine

Domestic beer

Restaurant 0.5L draught
Rkv
Los
Market 0.5L bottle
Rkv
Los

Imported beer

Restaurant 0.33L bottle
Rkv
Los
Market 0.33L bottle
Rkv
Los

Bottle of wine

Mid-range, from supermarket

Reykjavik
5
Lagos

Clothing

  • Clothing
  • Shoes

Pair of jeans

Levis 501 or similar

Rkv
Los

Summer dress

From a chain store (e.g. Zara, H&M)

Rkv
Los

Shoes

1 pair Nike shoes
Rkv
Los
1 pair men's leather shoes
Rkv
Los

Leisure

  • Cinema
  • Sports

Cinema

One ticket for an international release

Reykjavik
$15.33
Lagos
$11.43

Tennis court rental

One hour on weekend

Rkv $4,070.74/mth
Los $4,070.74/mth

Fitness club

Monthly fee for one adult

Rkv $4,070.74/mth
Los $4,070.74/mth