Cost of living comparison
Faro is 20.2% cheaper than Iceland.
If you lived in Faro instead of Iceland, you would:
pay 41.3% less for restaurants
Iceland
|
Faro
|
||
---|---|---|---|
Basic meal with drink at inexpensive restaurant |
$19.51
ISK2,723
|
$13.00
€12.06
|
|
Fast food combo meal
McDonalds, or similar
|
$16.45
ISK2,295
|
$8.66
€8.04
|
|
Bottle of Coca-Cola (11 fl. oz) |
$2.70
ISK377
|
$1.54
€1.43
|
|
Bottle of water (11 fl. oz) |
$1.95
ISK273
|
$1.14
€1.05
|
|
pay 31.9% less for groceries
Iceland
|
Faro
|
||
---|---|---|---|
Bread
1 loaf
|
$3.16
ISK440
|
$1.74
€1.62
|
|
Local cheese (8 oz) |
$6.72
ISK937
|
$6.23
€5.78
|
|
Milk (1 gallon) |
$6.27
ISK875
|
$3.96
€3.67
|
|
Eggs
1 dozen
|
$6.03
ISK841
|
$2.70
€2.51
|
|
Boneless chicken breast (1 lb) |
$7.60
ISK1,061
|
$3.19
€2.96
|
|
Apples (1 lb) |
$1.13
ISK157
|
$1.09
€1.01
|
|
Bananas (1 lb) |
$1.01
ISK141
|
$0.63
€0.58
|
|
Oranges (1 lb) |
$1.15
ISK161
|
$0.62
€0.58
|
|
Tomatoes (1 lb) |
$1.71
ISK239
|
$0.84
€0.78
|
|
Potatoes (1 lb) |
$1.13
ISK158
|
$0.60
€0.55
|
|
Onions (1 lb) |
$0.68
ISK95
|
$0.93
€0.87
|
|
pay 28.0% less for transportation
Iceland
|
Faro
|
||
---|---|---|---|
Gasoline (1 gallon) |
$8.42
ISK1,175
|
$6.83
€6.34
|
|
Monthly public transit pass |
$68.29
ISK9,530
|
$25.99
€24.11
|
|
New Volkswagen Golf 1.4 (standard edition) |
$39,714.69
ISK5,541,788
|
$46,026.95
€42,701.51
|
|
Taxi trip in downtown area (5 miles) |
$23.23
ISK3,241
|
$12.24
€11.35
|
|
pay 18.3% less for housing
Iceland
|
Faro
|
||
---|---|---|---|
Internet connection
50 mbps or faster, cable/dsl
|
$74.47
ISK10,392
|
$33.93
€31.48
|
|
1-Bedroom apartment in downtown area |
$1,518.94
ISK211,953
|
$961.15
€891.71
|
|
1-Bedroom apartment outside city center |
$1,325.48
ISK184,957
|
$812.24
€753.56
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$66.99
ISK9,348
|
$104.90
€97.32
|
|
pay 83.5% more for childcare
Iceland
|
Faro
|
||
---|---|---|---|
Private preschool for 1 child, monthly |
$254.97
ISK35,578
|
$438.61
€406.92
|
|
Middle school for 1 child, two semesters |
$5,993.83
ISK836,378
|
$11,696.26
€10,851.21
|
|
pay 50.7% less for entertainment and sports
Iceland
|
Faro
|
||
---|---|---|---|
Domestic/local beer (1 pint) |
$9.37
ISK1,308
|
$2.17
€2.01
|
|
Cappuccino in mid-range area |
$4.61
ISK644
|
$2.71
€2.51
|
|
Pack of cigarettes
Marlboro or similar
|
$11.22
ISK1,565
|
$5.47
€5.07
|
|
Monthly membership at local gym |
$60.00
ISK8,373
|
$36.82
€34.16
|
|
Movie ticket to theater/cinema |
$13.94
ISK1,945
|
$7.58
€7.03
|
|
pay 54.9% less for clothing
Iceland
|
Faro
|
||
---|---|---|---|
Regular jeans
Levi's brand
|
$108.23
ISK15,103
|
$44.40
€41.19
|
|
Regular dress
from H&M or similar store
|
$59.73
ISK8,335
|
$32.49
€30.14
|
|
Running shoes
Nike or Adidas
|
$146.94
ISK20,504
|
$70.39
€65.31
|
|
Men's business shoes (leather) |
$169.24
ISK23,616
|
$63.17
€58.61
|
|
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