Cost of living comparison
Iceland is 41.7% more expensive than Cyprus.
If you lived in Iceland instead of Cyprus, you would:
pay 69.0% more for restaurants
Cyprus
|
Iceland
|
||
---|---|---|---|
Basic meal with drink at inexpensive restaurant |
$12.09
€11.29
|
$17.84
ISK2,504
|
|
Fast food combo meal
McDonalds, or similar
|
$7.53
€7.03
|
$14.27
ISK2,003
|
|
Bottle of Coca-Cola (11 fl. oz) |
$1.90
€1.78
|
$2.32
ISK325
|
|
Bottle of water (11 fl. oz) |
$0.98
€0.91
|
$2.12
ISK298
|
|
pay 55.5% more for groceries
Cyprus
|
Iceland
|
||
---|---|---|---|
Bread
1 loaf
|
$1.69
€1.58
|
$3.42
ISK481
|
|
Local cheese (8 oz) |
$4.70
€4.39
|
$5.98
ISK840
|
|
Milk (1 gallon) |
$5.98
€5.59
|
$5.33
ISK748
|
|
Eggs
1 dozen
|
$3.21
€3.00
|
$5.66
ISK794
|
|
Boneless chicken breast (1 lb) |
$3.56
€3.33
|
$7.09
ISK996
|
|
Apples (1 lb) |
$0.90
€0.84
|
$1.16
ISK163
|
|
Bananas (1 lb) |
$0.71
€0.66
|
$0.98
ISK138
|
|
Oranges (1 lb) |
$0.64
€0.60
|
$1.17
ISK164
|
|
Tomatoes (1 lb) |
$1.05
€0.98
|
$1.84
ISK258
|
|
Potatoes (1 lb) |
$0.53
€0.49
|
$0.96
ISK134
|
|
Onions (1 lb) |
$0.47
€0.44
|
$0.51
ISK72
|
|
pay 35.7% more for transportation
Cyprus
|
Iceland
|
||
---|---|---|---|
Gasoline (1 gallon) |
$5.96
€5.57
|
$8.03
ISK1,128
|
|
Monthly public transit pass |
$44.14
€41.23
|
$77.40
ISK10,866
|
|
New Volkswagen Golf 1.4 (standard edition) |
$25,507.23
€23,826.46
|
$29,836.83
ISK4,189,091
|
|
Taxi trip in downtown area (5 miles) |
$20.75
€19.38
|
$23.97
ISK3,365
|
|
pay 51.9% more for housing
Cyprus
|
Iceland
|
||
---|---|---|---|
Internet connection
50 mbps or faster, cable/dsl
|
$41.07
€38.36
|
$62.40
ISK8,761
|
|
1-Bedroom apartment in downtown area |
$765.75
€715.29
|
$1,437.14
ISK201,775
|
|
1-Bedroom apartment outside city center |
$572.23
€534.52
|
$1,215.63
ISK170,674
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$124.02
€115.85
|
$68.63
ISK9,636
|
|
pay 40.8% less for childcare
Cyprus
|
Iceland
|
||
---|---|---|---|
Private preschool for 1 child, monthly |
$327.88
€306.28
|
$259.34
ISK36,412
|
|
Middle school for 1 child, two semesters |
$6,992.32
€6,531.57
|
$2,750.10
ISK386,114
|
|
pay 67.7% more for entertainment and sports
Cyprus
|
Iceland
|
||
---|---|---|---|
Domestic/local beer (1 pint) |
$3.36
€3.14
|
$8.52
ISK1,196
|
|
Cappuccino in mid-range area |
$3.41
€3.19
|
$4.15
ISK583
|
|
Pack of cigarettes
Marlboro or similar
|
$4.86
€4.54
|
$10.64
ISK1,493
|
|
Monthly membership at local gym |
$52.35
€48.90
|
$56.90
ISK7,989
|
|
Movie ticket to theater/cinema |
$9.01
€8.42
|
$12.27
ISK1,723
|
|
pay 53.1% more for clothing
Cyprus
|
Iceland
|
||
---|---|---|---|
Regular jeans
Levi's brand
|
$79.61
€74.37
|
$118.08
ISK16,578
|
|
Regular dress
from H&M or similar store
|
$40.36
€37.70
|
$50.39
ISK7,075
|
|
Running shoes
Nike or Adidas
|
$88.12
€82.31
|
$151.12
ISK21,217
|
|
Men's business shoes (leather) |
$104.36
€97.48
|
$175.20
ISK24,598
|
|
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