Cost of living comparison
Ethiopia is 72.5% more expensive than Iceland.
If you lived in Ethiopia instead of Iceland, you would:
pay 68.0% less for restaurants
Iceland
|
Ethiopia
|
||
---|---|---|---|
Basic meal with drink at inexpensive restaurant |
$17.84
ISK2,491
|
$7.66
ETB438.48
|
|
Fast food combo meal
McDonalds, or similar
|
$14.27
ISK1,992
|
$5.60
ETB320.56
|
|
Bottle of Coca-Cola (11 fl. oz) |
$2.32
ISK324
|
$0.64
ETB36.35
|
|
Bottle of water (11 fl. oz) |
$2.12
ISK296
|
$0.39
ETB22.58
|
|
pay 43.5% less for groceries
Iceland
|
Ethiopia
|
||
---|---|---|---|
Bread
1 loaf
|
$3.42
ISK478
|
$0.59
ETB33.96
|
|
Local cheese (8 oz) |
$5.98
ISK835
|
$4.28
ETB244.87
|
|
Milk (1 gallon) |
$5.33
ISK744
|
$3.85
ETB220.53
|
|
Eggs
1 dozen
|
$5.66
ISK790
|
$2.23
ETB127.54
|
|
Boneless chicken breast (1 lb) |
$7.09
ISK991
|
$3.58
ETB204.89
|
|
Apples (1 lb) |
$1.16
ISK162
|
$1.87
ETB107.12
|
|
Bananas (1 lb) |
$0.98
ISK137
|
$0.42
ETB24.20
|
|
Oranges (1 lb) |
$1.17
ISK164
|
$0.88
ETB50.46
|
|
Tomatoes (1 lb) |
$1.84
ISK256
|
$0.31
ETB17.68
|
|
Potatoes (1 lb) |
$0.96
ISK134
|
$0.19
ETB11.16
|
|
Onions (1 lb) |
$0.51
ISK71
|
$0.28
ETB15.89
|
|
pay 60.6% less for transportation
Iceland
|
Ethiopia
|
||
---|---|---|---|
Gasoline (1 gallon) |
$8.03
ISK1,122
|
$3.15
ETB180.09
|
|
Monthly public transit pass |
$77.40
ISK10,808
|
$11.00
ETB629.67
|
|
New Volkswagen Golf 1.4 (standard edition) |
$29,836.83
ISK4,166,415
|
$26,000.00
ETB1,488,316.88
|
|
Taxi trip in downtown area (5 miles) |
$23.97
ISK3,347
|
$4.10
ETB234.70
|
|
pay 32.0% more for housing
Iceland
|
Ethiopia
|
||
---|---|---|---|
Internet connection
50 mbps or faster, cable/dsl
|
$62.40
ISK8,714
|
$202.38
ETB11,584.97
|
|
1-Bedroom apartment in downtown area |
$1,437.14
ISK200,683
|
$496.62
ETB28,427.81
|
|
1-Bedroom apartment outside city center |
$1,215.63
ISK169,750
|
$259.10
ETB14,831.70
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$68.63
ISK9,583
|
$101.32
ETB5,800.06
|
|
pay 8.5 times more for childcare
Iceland
|
Ethiopia
|
||
---|---|---|---|
Private preschool for 1 child, monthly |
$259.34
ISK36,215
|
$74.57
ETB4,268.85
|
|
Middle school for 1 child, two semesters |
$2,750.10
ISK384,024
|
$46,000.00
ETB2,633,176.02
|
|
pay 57.2% less for entertainment and sports
Iceland
|
Ethiopia
|
||
---|---|---|---|
Domestic/local beer (1 pint) |
$8.52
ISK1,190
|
$0.75
ETB42.93
|
|
Cappuccino in mid-range area |
$4.15
ISK580
|
$0.73
ETB41.85
|
|
Pack of cigarettes
Marlboro or similar
|
$10.64
ISK1,485
|
$4.00
ETB228.97
|
|
Monthly membership at local gym |
$56.90
ISK7,946
|
$66.88
ETB3,828.12
|
|
Movie ticket to theater/cinema |
$12.27
ISK1,714
|
$4.00
ETB228.97
|
|
pay 45.7% less for clothing
Iceland
|
Ethiopia
|
||
---|---|---|---|
Regular jeans
Levi's brand
|
$118.08
ISK16,488
|
$26.92
ETB1,540.73
|
|
Regular dress
from H&M or similar store
|
$50.39
ISK7,036
|
$53.82
ETB3,081.10
|
|
Running shoes
Nike or Adidas
|
$151.12
ISK21,102
|
$64.59
ETB3,697.12
|
|
Men's business shoes (leather) |
$175.20
ISK24,465
|
$78.66
ETB4,502.54
|
|
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