Cost of living comparison
Iceland is 48.8% more expensive than Faro.
If you lived in Iceland instead of Faro, you would:
pay 80.8% more for restaurants
Faro
|
Iceland
|
||
---|---|---|---|
Basic meal with drink at inexpensive restaurant |
$10.99
€10.21
|
$17.84
ISK2,491
|
|
Fast food combo meal
McDonalds, or similar
|
$7.70
€7.15
|
$14.27
ISK1,992
|
|
Bottle of Coca-Cola (11 fl. oz) |
$1.32
€1.23
|
$2.32
ISK324
|
|
Bottle of water (11 fl. oz) |
$1.06
€0.99
|
$2.12
ISK296
|
|
pay 75.6% more for groceries
Faro
|
Iceland
|
||
---|---|---|---|
Bread
1 loaf
|
$1.68
€1.56
|
$3.42
ISK478
|
|
Local cheese (8 oz) |
$4.67
€4.34
|
$5.98
ISK835
|
|
Milk (1 gallon) |
$3.36
€3.12
|
$5.33
ISK744
|
|
Eggs
1 dozen
|
$2.12
€1.97
|
$5.66
ISK790
|
|
Boneless chicken breast (1 lb) |
$2.22
€2.06
|
$7.09
ISK991
|
|
Apples (1 lb) |
$0.81
€0.76
|
$1.16
ISK162
|
|
Bananas (1 lb) |
$0.51
€0.48
|
$0.98
ISK137
|
|
Oranges (1 lb) |
$1.13
€1.05
|
$1.17
ISK164
|
|
Tomatoes (1 lb) |
$1.03
€0.96
|
$1.84
ISK256
|
|
Potatoes (1 lb) |
$0.66
€0.62
|
$0.96
ISK134
|
|
Onions (1 lb) |
$0.53
€0.49
|
$0.51
ISK71
|
|
pay 31.6% more for transportation
Faro
|
Iceland
|
||
---|---|---|---|
Gasoline (1 gallon) |
$7.80
€7.24
|
$8.03
ISK1,122
|
|
Monthly public transit pass |
$38.48
€35.74
|
$77.40
ISK10,808
|
|
New Volkswagen Golf 1.4 (standard edition) |
$32,983.49
€30,630.12
|
$29,836.83
ISK4,166,415
|
|
Taxi trip in downtown area (5 miles) | ?? |
$23.97
ISK3,347
|
|
pay 50.6% more for housing
Faro
|
Iceland
|
||
---|---|---|---|
Internet connection
50 mbps or faster, cable/dsl
|
$47.00
€43.65
|
$62.40
ISK8,714
|
|
1-Bedroom apartment in downtown area |
$751.29
€697.69
|
$1,437.14
ISK200,683
|
|
1-Bedroom apartment outside city center |
$637.68
€592.18
|
$1,215.63
ISK169,750
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$78.19
€72.61
|
$68.63
ISK9,583
|
|
pay 71.0% less for childcare
Faro
|
Iceland
|
||
---|---|---|---|
Private preschool for 1 child, monthly |
$934.53
€867.85
|
$259.34
ISK36,215
|
|
Middle school for 1 child, two semesters |
$9,081.45
€8,433.49
|
$2,750.10
ISK384,024
|
|
pay 2.1 times more for entertainment and sports
Faro
|
Iceland
|
||
---|---|---|---|
Domestic/local beer (1 pint) |
$2.75
€2.55
|
$8.52
ISK1,190
|
|
Cappuccino in mid-range area |
$1.89
€1.75
|
$4.15
ISK580
|
|
Pack of cigarettes
Marlboro or similar
|
$5.63
€5.23
|
$10.64
ISK1,485
|
|
Monthly membership at local gym |
$32.98
€30.63
|
$56.90
ISK7,946
|
|
Movie ticket to theater/cinema |
$7.70
€7.15
|
$12.27
ISK1,714
|
|
pay 63.9% more for clothing
Faro
|
Iceland
|
||
---|---|---|---|
Regular jeans
Levi's brand
|
$89.06
€82.70
|
$118.08
ISK16,488
|
|
Regular dress
from H&M or similar store
|
$32.71
€30.37
|
$50.39
ISK7,036
|
|
Running shoes
Nike or Adidas
|
$72.84
€67.64
|
$151.12
ISK21,102
|
|
Men's business shoes (leather) |
$108.57
€100.82
|
$175.20
ISK24,465
|
|
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