Cost of living comparison
Greece is 13.1% cheaper than Iceland.
If you lived in Greece instead of Iceland, you would:
pay 38.5% less for restaurants
Iceland
|
Greece
|
||
---|---|---|---|
Basic meal with drink at inexpensive restaurant |
$17.84
ISK2,491
|
$12.71
€11.80
|
|
Fast food combo meal
McDonalds, or similar
|
$14.27
ISK1,992
|
$8.10
€7.52
|
|
Bottle of Coca-Cola (11 fl. oz) |
$2.32
ISK324
|
$1.99
€1.85
|
|
Bottle of water (11 fl. oz) |
$2.12
ISK296
|
$0.68
€0.63
|
|
pay 31.9% less for groceries
Iceland
|
Greece
|
||
---|---|---|---|
Bread
1 loaf
|
$3.42
ISK478
|
$1.16
€1.08
|
|
Local cheese (8 oz) |
$5.98
ISK835
|
$4.97
€4.62
|
|
Milk (1 gallon) |
$5.33
ISK744
|
$5.63
€5.23
|
|
Eggs
1 dozen
|
$5.66
ISK790
|
$3.81
€3.53
|
|
Boneless chicken breast (1 lb) |
$7.09
ISK991
|
$3.64
€3.38
|
|
Apples (1 lb) |
$1.16
ISK162
|
$0.86
€0.80
|
|
Bananas (1 lb) |
$0.98
ISK137
|
$0.86
€0.79
|
|
Oranges (1 lb) |
$1.17
ISK164
|
$0.62
€0.57
|
|
Tomatoes (1 lb) |
$1.84
ISK256
|
$0.83
€0.77
|
|
Potatoes (1 lb) |
$0.96
ISK134
|
$0.53
€0.49
|
|
Onions (1 lb) |
$0.51
ISK71
|
$0.48
€0.44
|
|
pay 27.4% less for transportation
Iceland
|
Greece
|
||
---|---|---|---|
Gasoline (1 gallon) |
$8.03
ISK1,122
|
$8.80
€8.18
|
|
Monthly public transit pass |
$77.40
ISK10,808
|
$40.24
€37.37
|
|
New Volkswagen Golf 1.4 (standard edition) |
$29,836.83
ISK4,166,415
|
$22,158.38
€20,577.38
|
|
Taxi trip in downtown area (5 miles) |
$23.97
ISK3,347
|
$13.03
€12.10
|
|
pay 8.5% less for housing
Iceland
|
Greece
|
||
---|---|---|---|
Internet connection
50 mbps or faster, cable/dsl
|
$62.40
ISK8,714
|
$34.83
€32.35
|
|
1-Bedroom apartment in downtown area |
$1,437.14
ISK200,683
|
$429.23
€398.61
|
|
1-Bedroom apartment outside city center |
$1,215.63
ISK169,750
|
$358.56
€332.98
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$68.63
ISK9,583
|
$172.07
€159.79
|
|
pay 88.0% more for childcare
Iceland
|
Greece
|
||
---|---|---|---|
Private preschool for 1 child, monthly |
$259.34
ISK36,215
|
$341.10
€316.76
|
|
Middle school for 1 child, two semesters |
$2,750.10
ISK384,024
|
$6,725.16
€6,245.32
|
|
pay 34.4% less for entertainment and sports
Iceland
|
Greece
|
||
---|---|---|---|
Domestic/local beer (1 pint) |
$8.52
ISK1,190
|
$4.08
€3.79
|
|
Cappuccino in mid-range area |
$4.15
ISK580
|
$3.33
€3.09
|
|
Pack of cigarettes
Marlboro or similar
|
$10.64
ISK1,485
|
$5.12
€4.75
|
|
Monthly membership at local gym |
$56.90
ISK7,946
|
$45.22
€42.00
|
|
Movie ticket to theater/cinema |
$12.27
ISK1,714
|
$8.85
€8.22
|
|
pay 38.7% less for clothing
Iceland
|
Greece
|
||
---|---|---|---|
Regular jeans
Levi's brand
|
$118.08
ISK16,488
|
$76.36
€70.91
|
|
Regular dress
from H&M or similar store
|
$50.39
ISK7,036
|
$36.41
€33.82
|
|
Running shoes
Nike or Adidas
|
$151.12
ISK21,102
|
$77.82
€72.27
|
|
Men's business shoes (leather) |
$175.20
ISK24,465
|
$99.20
€92.12
|
|
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