Published: Monday, 21th October 2024
The cost of living in Nigeria is 5.96 times less expensive as compared to Barbados.
On this page, you will find side-by-side cost comparison between Nigeria and Barbados. We have created 172 cost-of-living indicators. We average the prices of all those indicators and take a mathematically calculated approach to determine which country is more expensive to live in between Nigeria and Barbados.
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Indicators | Nigeria | Barbados |
---|---|---|
1 BHK Apartment in City Center | 500,000 NGN (650 USD) | 2,500 BBD (1,250 USD) |
2 BHK Apartment in City Center | 800,000 NGN (1,040 USD) | 3,800 BBD (1,900 USD) |
3 BHK Apartment in City Center | 1,200,000 NGN (1,560 USD) | 5,000 BBD (2,500 USD) |
1 BHK Apartment outside City Center | 300,000 NGN (390 USD) | 1,800 BBD (900 USD) |
2 BHK Apartment outside City Center | 500,000 NGN (650 USD) | 2,700 BBD (1,350 USD) |
3 BHK Apartment outside City Center | 800,000 NGN (1,040 USD) | 3,600 BBD (1,800 USD) |
Mortgage Rates Per Month | 1.8 % | 6.85 % |
Realtor Commission | 5 % | 5 % |
Property Taxes | 0.5 to 1.5 % | 0.1 to 0.75 % |
The average housing cost in Nigeria is 1.84 times less expensive than Barbados.
Indicators | Nigeria | Barbados |
---|---|---|
Basic Home Furnishing | 2,000,000 NGN (2,600 USD) | 4,000 BBD (2,000 USD) |
Electricity Cost Per Month | 20,000 NGN (26 USD) | 250 BBD (125 USD) |
Heating Cost Per Month | 15,000 NGN (19.50 USD) | 150 BBD (75 USD) |
Cooling Cost Per Month | 25,000 NGN (32.50 USD) | 100 BBD (50 USD) |
Water Supply Cost Per Month | 15,000 NGN (19.50 USD) | 50 BBD (25 USD) |
If you lived in Nigeria, instead of Barbados, you would have to pay 18.57% more for Utilities.
The basic home furnishing in Nigeria costs 1.30 times more compared to Barbados.
Indicators | Nigeria | Barbados |
---|---|---|
Standard Wifi Cost Per Month | 20,000 NGN (26 USD) | 150 BBD (75 USD) |
Mobile Phone Basic Plan Cost Per Month | 7,000 NGN (9.10 USD) | 100 BBD (50 USD) |
Landline Basic Plan Cost Per Month | 5,000 NGN (6.50 USD) | 40 BBD (20 USD) |
Cable TV Basic Plan Cost Per Month | 15,000 NGN (19.50 USD) | 100 BBD (50 USD) |
The internet and communication costs 68.67% less in Nigeria compared to Barbados.
Indicators | Nigeria | Barbados |
---|---|---|
Long Grain Rice (1 KG) | 800 NGN (1.04 USD) | 6 BBD (3 USD) |
Milk (1 Liter) | 400 NGN (0.52 USD) | 4 BBD (2 USD) |
Water (1 Liter) | 200 NGN (0.26 USD) | 2 BBD (1 USD) |
Bread (500 gm) | 300 NGN (0.39 USD) | 5 BBD (2.50 USD) |
Eggs (1 Dozen) | 700 NGN (0.91 USD) | 8 BBD (4 USD) |
Cheese (1 KG) | 1,500 NGN (1.95 USD) | 20 BBD (10 USD) |
Chicken Breast (1 KG) | 1,500 NGN (1.95 USD) | 12 BBD (6 USD) |
In Nigeria, the cost of 1 Liter Water and 1 Liter Milk is 3.85 times less expensive than the cost in Barbados.
If you lived in Nigeria, instead of Barbados, you would have to pay 75.37% less for Groceries.
Indicators | Nigeria | Barbados |
---|---|---|
Apples (1 KG) | 1,000 NGN (1.30 USD) | 10 BBD (5 USD) |
Bananas (1 KG) | 600 NGN (0.78 USD) | 4 BBD (2 USD) |
Oranges (1 KG) | 800 NGN (1.04 USD) | 8 BBD (4 USD) |
Tomatoes (1 KG) | 600 NGN (0.78 USD) | 10 BBD (5 USD) |
Potatoes (1 KG) | 500 NGN (0.65 USD) | 5 BBD (2.50 USD) |
Lemons (1 KG) | 800 NGN (1.04 USD) | 6 BBD (3 USD) |
Onions (1 KG) | 600 NGN (0.78 USD) | 4 BBD (2 USD) |
Lentils (1 KG) | 1,000 NGN (1.30 USD) | 7 BBD (3.50 USD) |
If you lived in Nigeria, instead of Barbados, you would have to pay 3.52 times less for Fruits and Vegetables.
Indicators | Nigeria | Barbados |
---|---|---|
Meal at a Resonable Restaurant | 2,000 NGN (2.60 USD) | 30 BBD (15 USD) |
Three-Course Meal for Two | 7,000 NGN (9.10 USD) | 150 BBD (75 USD) |
Fast Food Combo Meal | 1,000 NGN (1.30 USD) | 12 BBD (6 USD) |
Normal Coffee | 300 NGN (0.39 USD) | 5 BBD (2.50 USD) |
Soft Drink | 200 NGN (0.26 USD) | 3 BBD (1.50 USD) |
Pizza for One | 3,000 NGN (3.90 USD) | 20 BBD (10 USD) |
Take-Out Delivery Meal | 2,000 NGN (2.60 USD) | 25 BBD (12.50 USD) |
Cigarette Pack of 20 | 1,500 NGN (1.95 USD) | 12 BBD (6 USD) |
Dining-Out costs 82.80% less in Nigeria compared to Barbados.
Indicators | Nigeria | Barbados |
---|---|---|
Wine Mid-Range Bottle | 3,000 NGN (3.90 USD) | 30 BBD (15 USD) |
Glass of Wine | 1,500 NGN (1.95 USD) | 10 BBD (5 USD) |
Domestic Beer Half Liter | 600 NGN (0.78 USD) | 4 BBD (2 USD) |
Imported Beer Half Liter | 1,200 NGN (1.56 USD) | 6 BBD (3 USD) |
Domestic Alcohol 1 Liter | 3,000 NGN (3.90 USD) | 25 BBD (12.50 USD) |
Branded Alcohol 1 Liter | 5,000 NGN (6.50 USD) | 40 BBD (20 USD) |
If you lived in Nigeria, instead of Barbados, you would have to pay 3.09 times less for usual hard drinks.
Indicators | Nigeria | Barbados |
---|---|---|
Monthly Public Transportation Pass | 15,000 NGN (19.50 USD) | 100 BBD (50 USD) |
Single Public Transportation Ticket | 200 NGN (0.26 USD) | 2 BBD (1 USD) |
Single Train Ticket | Yet to Update () | 120 BBD (60 USD) |
Domestic Airplane Ticket | 50,000 NGN (65 USD) | 200 BBD (100 USD) |
Taxi Start Fare | 500 NGN (0.65 USD) | 10 BBD (5 USD) |
Taxi Rate Per Kilometer | 300 NGN (0.39 USD) | 3 BBD (1.50 USD) |
Car Rental Per Day | 15,000 NGN (19.50 USD) | 80 BBD (40 USD) |
Parking Fees in City Center Per Hour | 200 NGN (0.26 USD) | 3 BBD (1.50 USD) |
Parking Fees outside City Center Per Hour | 100 NGN (0.13 USD) | 1 BBD (0.50 USD) |
If you lived in Nigeria, instead of Barbados, you would have to pay 2.46 times less for transportation.
Indicators | Nigeria | Barbados |
---|---|---|
Reasonable Vehicle Purchase Cost | 1,500,000 NGN (1,950 USD) | 60,000 BBD (30,000 USD) |
Vehicle Registration Cost | 50,000 NGN (65 USD) | 400 BBD (200 USD) |
Driving License Fees | 10,000 NGN (13 USD) | 100 BBD (50 USD) |
Car Insurance Cost | 30,000 NGN (39 USD) | 1,000 BBD (500 USD) |
Car Maintenance Cost | 15,000 NGN (19.50 USD) | 300 BBD (150 USD) |
Car Loan Interest Rates | 12 % | 6 % |
Fuel Per Liter | 300 NGN (0.39 USD) | 3 BBD (1.50 USD) |
Fuel Per Gallon | 1,200 NGN (1.56 USD) | 11.36 BBD (5.68 USD) |
Average Toll Fees | Yet to Update | 2 BBD 1 USD |
You would have to pay 14.80 times less for Vehicle purchase, daily operation and maintenance in Nigeria compared to that of Barbados.
Indicators | Nigeria | Barbados |
---|---|---|
Doctor Visit | 3,000 NGN (3.90 USD) | 100 BBD (50 USD) |
Specialist Visit | 7,000 NGN (9.10 USD) | 200 BBD (100 USD) |
Dentist Visit | 5,000 NGN (6.50 USD) | 150 BBD (75 USD) |
Eye Exam | 2,000 NGN (2.60 USD) | 80 BBD (40 USD) |
Mental Health Counseling | 5,000 NGN (6.50 USD) | 150 BBD (75 USD) |
Preventive Health Screening | 3,000 NGN (3.90 USD) | 100 BBD (50 USD) |
Physical Therapy | 3,000 NGN (3.90 USD) | 100 BBD (50 USD) |
Emergency Room Visit | 25,000 NGN (32.50 USD) | 300 BBD (150 USD) |
Hospital Stay Per Night | 15,000 NGN (19.50 USD) | 1,000 BBD (500 USD) |
Vaccinations | 2,000 NGN (2.60 USD) | 60 BBD (30 USD) |
Prescription Medication | 1,000 NGN (1.30 USD) | 50 BBD (25 USD) |
Over the Counter Medication | 500 NGN (0.65 USD) | 20 BBD (10 USD) |
Health Insurance Premiums | 25,000 NGN (32.50 USD) | 500 BBD (250 USD) |
Health Insurance Deductibles | 10,000 NGN (13 USD) | 1,000 BBD (500 USD) |
If you lived in Nigeria, instead of Barbados, you would have to pay 13.76 times less for Health and Medical Treatment.
Indicators | Nigeria | Barbados |
---|---|---|
Cosmetic Procedures | 8,000 NGN (10.40 USD) | 2,000 BBD (1,000 USD) |
Spa Treatment | 5,000 NGN (6.50 USD) | 100 BBD (50 USD) |
Manicure Pedicure Cost | 2,000 NGN (2.60 USD) | 40 BBD (20 USD) |
Optical Glasses Cost | 5,000 NGN (6.50 USD) | 200 BBD (100 USD) |
Contact Lenses Cost | 3,000 NGN (3.90 USD) | 100 BBD (50 USD) |
Haircuts | 1,500 NGN (1.95 USD) | 30 BBD (15 USD) |
Hair Coloring | 3,000 NGN (3.90 USD) | 50 BBD (25 USD) |
Shampoo Price | 500 NGN (0.65 USD) | 10 BBD (5 USD) |
Toothpaste Price | 200 NGN (0.26 USD) | 5 BBD (2.50 USD) |
If you lived in Nigeria, instead of Barbados, you would have to pay 34.57 times less for Personal Care Items and Treatment.
Indicators | Nigeria | Barbados |
---|---|---|
Pair of Nike Running Shoes | 40,000 NGN (52 USD) | 120 BBD (60 USD) |
Men's Shirt | 6,000 NGN (7.80 USD) | 50 BBD (25 USD) |
Women's Dress | 12,000 NGN (15.60 USD) | 80 BBD (40 USD) |
Summer Dress | 8,000 NGN (10.40 USD) | 60 BBD (30 USD) |
Men's Suit | 30,000 NGN (39 USD) | 300 BBD (150 USD) |
Men's Jeans | 10,000 NGN (13 USD) | 80 BBD (40 USD) |
Women's Jeans | 8,000 NGN (10.40 USD) | 60 BBD (30 USD) |
Men's Formal Shoes | 20,000 NGN (26 USD) | 150 BBD (75 USD) |
Women's Formal Shoes | 20,000 NGN (26 USD) | 150 BBD (75 USD) |
Men's Casual Shoes | 15,000 NGN (19.50 USD) | 100 BBD (50 USD) |
Women's Casual Shoes | 12,000 NGN (15.60 USD) | 100 BBD (50 USD) |
Underwear For Men | 1,000 NGN (1.30 USD) | 20 BBD (10 USD) |
Underwear For Women | 1,500 NGN (1.95 USD) | 20 BBD (10 USD) |
Socks For Men | 500 NGN (0.65 USD) | 10 BBD (5 USD) |
Socks For Women | 500 NGN (0.65 USD) | 10 BBD (5 USD) |
Wintercoat for Adults | 12,000 NGN (15.60 USD) | 150 BBD (75 USD) |
Sportswear | 8,000 NGN (10.40 USD) | 100 BBD (50 USD) |
If you lived in Nigeria, instead of Barbados, you would have to pay 2.93 times less for Clothing and Footwear for Adults.
Indicators | Nigeria | Barbados |
---|---|---|
Children's Jeans | 4,000 NGN (5.20 USD) | 40 BBD (20 USD) |
Children's Normal Sneakers | 6,000 NGN (7.80 USD) | 60 BBD (30 USD) |
Children's Winter Coat | 8,000 NGN (10.40 USD) | 80 BBD (40 USD) |
Daycare for Infant | 25,000 NGN (32.50 USD) | 500 BBD (250 USD) |
Daycare for Toddler | 20,000 NGN (26 USD) | 450 BBD (225 USD) |
Childcare for Sick Days | 4,000 NGN (5.20 USD) | 80 BBD (40 USD) |
Early Childhood Education Programs | 20,000 NGN (26 USD) | 400 BBD (200 USD) |
Extra Curricular Activities | 6,000 NGN (7.80 USD) | 60 BBD (30 USD) |
Summer Camp for Kids | 20,000 NGN (26 USD) | 500 BBD (250 USD) |
If you lived in Nigeria, instead of Barbados, you would have to pay 7.39 times less for Childcare and kids clothing.
Indicators | Nigeria | Barbados |
---|---|---|
PreSchool Fees | 40,000 NGN (52 USD) | 400 BBD (200 USD) |
Primary School Fees | 60,000 NGN (78 USD) | 600 BBD (300 USD) |
Secondary School Fees | 70,000 NGN (91 USD) | 800 BBD (400 USD) |
Private School Fees | 90,000 NGN (117 USD) | 1,200 BBD (600 USD) |
University Tuition Fees | 120,000 NGN (156 USD) | 5,000 BBD (2,500 USD) |
University Private Tuition Fees | 180,000 NGN (234 USD) | 10,000 BBD (5,000 USD) |
After School Activities | 5,000 NGN (6.50 USD) | 100 BBD (50 USD) |
Special Education Services | 30,000 NGN (39 USD) | 300 BBD (150 USD) |
Tutoring | 3,000 NGN (3.90 USD) | 50 BBD (25 USD) |
Textbooks Cost | 5,000 NGN (6.50 USD) | 200 BBD (100 USD) |
School Supplies | 2,000 NGN (2.60 USD) | 100 BBD (50 USD) |
If you lived in Nigeria, instead of Barbados, you would have to pay 11.92 times less for school and education.
Indicators | Nigeria | Barbados |
---|---|---|
Movie Ticket (Single) | 1,500 NGN (1.95 USD) | 20 BBD (10 USD) |
Theater Ticket (Single) | 2,000 NGN (2.60 USD) | 40 BBD (20 USD) |
Concert Ticket (Single) | 3,000 NGN (3.90 USD) | 80 BBD (40 USD) |
Sports Event Ticket (Single) | 2,500 NGN (3.25 USD) | 60 BBD (30 USD) |
Gym Membership | 5,000 NGN (6.50 USD) | 100 BBD (50 USD) |
Swimming Pool Access | 3,000 NGN (3.90 USD) | 50 BBD (25 USD) |
Museum Entry Ticket | 1,000 NGN (1.30 USD) | 20 BBD (10 USD) |
Zoo Entry Ticket | 1,500 NGN (1.95 USD) | 15 BBD (7.50 USD) |
Amusement Park Entry Ticket | 2,000 NGN (2.60 USD) | 30 BBD (15 USD) |
Bowling | 1,500 NGN (1.95 USD) | 20 BBD (10 USD) |
Mini Golf | 1,500 NGN (1.95 USD) | 25 BBD (12.50 USD) |
Video Games | 6,000 NGN (7.80 USD) | 60 BBD (30 USD) |
Streaming Services | 2,000 NGN (2.60 USD) | 15 BBD (7.50 USD) |
Outdoor Equipment Rental | 1,500 NGN (1.95 USD) | 40 BBD (20 USD) |
Theme Park Annual Pass | 50,000 NGN (65 USD) | 300 BBD (150 USD) |
If you lived in Nigeria, instead of Barbados, you would have to pay 4.01 times less for entertainment, recreation and fun activities.
Indicators | Nigeria | Barbados |
---|---|---|
Language Classes | 25,000 NGN (32.50 USD) | 100 BBD (50 USD) |
Parenting Classes | 15,000 NGN (19.50 USD) | 50 BBD (25 USD) |
Art Classes | 3,000 NGN (3.90 USD) | 30 BBD (15 USD) |
Fitness Classes | 2,000 NGN (2.60 USD) | 20 BBD (10 USD) |
Music Lessons | 4,000 NGN (5.20 USD) | 30 BBD (15 USD) |
Dance Lessons | 4,000 NGN (5.20 USD) | 25 BBD (12.50 USD) |
Reading Materials for Classes | 1,000 NGN (1.30 USD) | 20 BBD (10 USD) |
Educational Software | 15,000 NGN (19.50 USD) | 50 BBD (25 USD) |
If you lived in Nigeria, instead of Barbados, you would have to pay 1.81 times less for Private Classes.
Indicators | Nigeria | Barbados |
---|---|---|
Average Gross Monthly Salary | 200,000 NGN (260 USD) | 4,000 BBD (2,000 USD) |
Average Net Monthly Salary | 120,000 NGN (156 USD) | 3,000 BBD (1,500 USD) |
Minimum Wages | 1,000 NGN per hour (1.30 USD) | 33.33 BBD per hour (16.67 USD) |
Average Bonus | 20,000 NGN (26 USD) | 1,000 BBD (500 USD) |
Income Tax Rate | 0 to 7.5 % | 0 to 17.5 % |
Social Security Contributions | 7 % | 8 % |
Pension Contributions | 8 % | 5 % |
Cost of Living Index | 40 | 75 |
Median Household Income | 1,200,000 NGN (1,560 USD) | 40,000 BBD (20,000 USD) |
If you lived in Nigeria, you would earn 11.99 times less salary as compared to Barbados.
Indicators | Nigeria | Barbados |
---|---|---|
Legal Consultation Per Hour Rate | 5,000 NGN (6.50 USD) | 200 BBD (100 USD) |
Accounting Services Per Hour Rate | 7,000 NGN (9.10 USD) | 100 BBD (50 USD) |
IT Support Services Per Hour Rate | 7,000 NGN (9.10 USD) | 80 BBD (40 USD) |
Technician Services Per Hour Rate | 6,000 NGN (7.80 USD) | 60 BBD (30 USD) |
Professional Services cost 6.77 times less in Nigeria, as compared to Barbados.
We hope you enjoyed the detailed guide on the cost of living comparsion between Nigeria and Barbados.
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