Cost of living comparison
Gibraltar is 13.3% more expensive than Iceland.
If you lived in Gibraltar instead of Iceland, you would:
pay 20.0% less for restaurants
Iceland
|
Gibraltar
|
||
---|---|---|---|
Basic meal with drink at inexpensive restaurant |
$19.51
ISK2,723
|
$17.66
GIP14.10
|
|
Fast food combo meal
McDonalds, or similar
|
$16.45
ISK2,295
|
$10.09
GIP8.06
|
|
Bottle of Coca-Cola (11 fl. oz) |
$2.70
ISK377
|
$1.98
GIP1.58
|
|
Bottle of water (11 fl. oz) |
$1.95
ISK273
|
$1.85
GIP1.48
|
|
pay 0.9% more for groceries
Iceland
|
Gibraltar
|
||
---|---|---|---|
Bread
1 loaf
|
$3.16
ISK440
|
$1.67
GIP1.33
|
|
Local cheese (8 oz) |
$6.72
ISK937
|
$4.15
GIP3.31
|
|
Milk (1 gallon) |
$6.27
ISK875
|
$7.63
GIP6.09
|
|
Eggs
1 dozen
|
$6.03
ISK841
|
$3.79
GIP3.03
|
|
Boneless chicken breast (1 lb) |
$7.60
ISK1,061
|
$3.89
GIP3.11
|
|
Apples (1 lb) |
$1.13
ISK157
|
$2.06
GIP1.64
|
|
Bananas (1 lb) |
$1.01
ISK141
|
$1.54
GIP1.23
|
|
Oranges (1 lb) |
$1.15
ISK161
|
$1.61
GIP1.28
|
|
Tomatoes (1 lb) |
$1.71
ISK239
|
$1.15
GIP0.92
|
|
Potatoes (1 lb) |
$1.13
ISK158
|
$1.03
GIP0.82
|
|
Onions (1 lb) |
$0.68
ISK95
|
$0.86
GIP0.69
|
|
pay 33.4% less for transportation
Iceland
|
Gibraltar
|
||
---|---|---|---|
Gasoline (1 gallon) |
$8.42
ISK1,175
|
$5.78
GIP4.62
|
|
Monthly public transit pass |
$68.29
ISK9,530
|
$8.13
GIP6.50
|
|
New Volkswagen Golf 1.4 (standard edition) |
$39,714.69
ISK5,541,788
|
$31,057.47
GIP24,798.36
|
|
Taxi trip in downtown area (5 miles) |
$23.23
ISK3,241
|
$24.97
GIP19.94
|
|
pay 7.7% more for housing
Iceland
|
Gibraltar
|
||
---|---|---|---|
Internet connection
50 mbps or faster, cable/dsl
|
$74.47
ISK10,392
|
$53.50
GIP42.72
|
|
1-Bedroom apartment in downtown area |
$1,518.94
ISK211,953
|
$1,646.15
GIP1,314.40
|
|
1-Bedroom apartment outside city center |
$1,325.48
ISK184,957
|
$1,585.28
GIP1,265.79
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$66.99
ISK9,348
|
$87.83
GIP70.13
|
|
pay 2.8 times more for childcare
Iceland
|
Gibraltar
|
||
---|---|---|---|
Private preschool for 1 child, monthly |
$254.97
ISK35,578
|
$805.78
GIP643.39
|
|
Middle school for 1 child, two semesters |
$5,993.83
ISK836,378
|
$15,134.60
GIP12,084.48
|
|
pay 31.2% less for entertainment and sports
Iceland
|
Gibraltar
|
||
---|---|---|---|
Domestic/local beer (1 pint) |
$9.37
ISK1,308
|
$4.10
GIP3.27
|
|
Cappuccino in mid-range area |
$4.61
ISK644
|
$2.99
GIP2.39
|
|
Pack of cigarettes
Marlboro or similar
|
$11.22
ISK1,565
|
$4.54
GIP3.63
|
|
Monthly membership at local gym |
$60.00
ISK8,373
|
$70.94
GIP56.65
|
|
Movie ticket to theater/cinema |
$13.94
ISK1,945
|
$10.72
GIP8.56
|
|
pay 15.1% less for clothing
Iceland
|
Gibraltar
|
||
---|---|---|---|
Regular jeans
Levi's brand
|
$108.23
ISK15,103
|
$125.33
GIP100.07
|
|
Regular dress
from H&M or similar store
|
$59.73
ISK8,335
|
$41.78
GIP33.36
|
|
Running shoes
Nike or Adidas
|
$146.94
ISK20,504
|
$127.87
GIP102.10
|
|
Men's business shoes (leather) |
$169.24
ISK23,616
|
$113.51
GIP90.63
|
|
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