Cost of living comparison
China is 5.6% cheaper than Iceland.
If you lived in China instead of Iceland, you would:
pay 77.2% less for restaurants
Iceland
|
China
|
||
---|---|---|---|
Basic meal with drink at inexpensive restaurant |
$17.84
ISK2,491
|
$3.33
CN¥24.09
|
|
Fast food combo meal
McDonalds, or similar
|
$14.27
ISK1,992
|
$5.25
CN¥37.99
|
|
Bottle of Coca-Cola (11 fl. oz) |
$2.32
ISK324
|
$0.50
CN¥3.61
|
|
Bottle of water (11 fl. oz) |
$2.12
ISK296
|
$0.30
CN¥2.20
|
|
pay 36.1% less for groceries
Iceland
|
China
|
||
---|---|---|---|
Bread
1 loaf
|
$3.42
ISK478
|
$1.68
CN¥12.14
|
|
Local cheese (8 oz) |
$5.98
ISK835
|
$6.22
CN¥45.03
|
|
Milk (1 gallon) |
$5.33
ISK744
|
$7.41
CN¥53.64
|
|
Eggs
1 dozen
|
$5.66
ISK790
|
$1.75
CN¥12.67
|
|
Boneless chicken breast (1 lb) |
$7.09
ISK991
|
$1.80
CN¥12.99
|
|
Apples (1 lb) |
$1.16
ISK162
|
$0.88
CN¥6.38
|
|
Bananas (1 lb) |
$0.98
ISK137
|
$0.63
CN¥4.54
|
|
Oranges (1 lb) |
$1.17
ISK164
|
$0.74
CN¥5.35
|
|
Tomatoes (1 lb) |
$1.84
ISK256
|
$0.57
CN¥4.11
|
|
Potatoes (1 lb) |
$0.96
ISK134
|
$0.35
CN¥2.54
|
|
Onions (1 lb) |
$0.51
ISK71
|
$0.43
CN¥3.11
|
|
pay 56.4% less for transportation
Iceland
|
China
|
||
---|---|---|---|
Gasoline (1 gallon) |
$8.03
ISK1,122
|
$4.64
CN¥33.58
|
|
Monthly public transit pass |
$77.40
ISK10,808
|
$21.41
CN¥154.94
|
|
New Volkswagen Golf 1.4 (standard edition) |
$29,836.83
ISK4,166,415
|
$21,385.50
CN¥154,773.26
|
|
Taxi trip in downtown area (5 miles) |
$23.97
ISK3,347
|
$4.14
CN¥29.99
|
|
pay 67.8% less for housing
Iceland
|
China
|
||
---|---|---|---|
Internet connection
50 mbps or faster, cable/dsl
|
$62.40
ISK8,714
|
$14.28
CN¥103.32
|
|
1-Bedroom apartment in downtown area |
$1,437.14
ISK200,683
|
$401.04
CN¥2,902.47
|
|
1-Bedroom apartment outside city center |
$1,215.63
ISK169,750
|
$247.64
CN¥1,792.22
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$68.63
ISK9,583
|
$39.51
CN¥285.97
|
|
pay 4.0 times more for childcare
Iceland
|
China
|
||
---|---|---|---|
Private preschool for 1 child, monthly |
$259.34
ISK36,215
|
$456.56
CN¥3,304.27
|
|
Middle school for 1 child, two semesters |
$2,750.10
ISK384,024
|
$16,918.49
CN¥122,444.21
|
|
pay 48.9% less for entertainment and sports
Iceland
|
China
|
||
---|---|---|---|
Domestic/local beer (1 pint) |
$8.52
ISK1,190
|
$1.15
CN¥8.30
|
|
Cappuccino in mid-range area |
$4.15
ISK580
|
$3.48
CN¥25.21
|
|
Pack of cigarettes
Marlboro or similar
|
$10.64
ISK1,485
|
$3.40
CN¥24.59
|
|
Monthly membership at local gym |
$56.90
ISK7,946
|
$42.27
CN¥305.93
|
|
Movie ticket to theater/cinema |
$12.27
ISK1,714
|
$6.35
CN¥45.98
|
|
pay 48.5% less for clothing
Iceland
|
China
|
||
---|---|---|---|
Regular jeans
Levi's brand
|
$118.08
ISK16,488
|
$51.26
CN¥371.01
|
|
Regular dress
from H&M or similar store
|
$50.39
ISK7,036
|
$33.18
CN¥240.12
|
|
Running shoes
Nike or Adidas
|
$151.12
ISK21,102
|
$80.69
CN¥584.00
|
|
Men's business shoes (leather) |
$175.20
ISK24,465
|
$76.44
CN¥553.20
|
|
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