Cost of living comparison
Monaco is 2.9 times more expensive than Iceland.
If you lived in Monaco instead of Iceland, you would:
pay 2.2 times more for restaurants
Iceland
|
Monaco
|
||
---|---|---|---|
Basic meal with drink at inexpensive restaurant |
$19.51
ISK2,723
|
$40.07
€37.18
|
|
Fast food combo meal
McDonalds, or similar
|
$16.45
ISK2,295
|
$11.16
€10.36
|
|
Bottle of Coca-Cola (11 fl. oz) |
$2.70
ISK377
|
$5.85
€5.43
|
|
Bottle of water (11 fl. oz) |
$1.95
ISK273
|
$7.58
€7.03
|
|
pay 55.5% more for groceries
Iceland
|
Monaco
|
||
---|---|---|---|
Bread
1 loaf
|
$3.16
ISK440
|
$5.05
€4.69
|
|
Local cheese (8 oz) |
$6.72
ISK937
|
$10.83
€10.05
|
|
Milk (1 gallon) |
$6.27
ISK875
|
$8.71
€8.08
|
|
Eggs
1 dozen
|
$6.03
ISK841
|
$4.52
€4.20
|
|
Boneless chicken breast (1 lb) |
$7.60
ISK1,061
|
$6.49
€6.02
|
|
Apples (1 lb) |
$1.13
ISK157
|
$1.88
€1.75
|
|
Bananas (1 lb) |
$1.01
ISK141
|
$2.25
€2.09
|
|
Oranges (1 lb) |
$1.15
ISK161
|
$1.66
€1.54
|
|
Tomatoes (1 lb) |
$1.71
ISK239
|
$2.46
€2.29
|
|
Potatoes (1 lb) |
$1.13
ISK158
|
$1.71
€1.58
|
|
Onions (1 lb) |
$0.68
ISK95
|
$1.78
€1.65
|
|
pay 8.4% less for transportation
Iceland
|
Monaco
|
||
---|---|---|---|
Gasoline (1 gallon) |
$8.42
ISK1,175
|
$8.77
€8.13
|
|
Monthly public transit pass |
$68.29
ISK9,530
|
$30.05
€27.88
|
|
New Volkswagen Golf 1.4 (standard edition) |
$39,714.69
ISK5,541,788
|
$49,675.27
€46,086.23
|
|
Taxi trip in downtown area (5 miles) |
$23.23
ISK3,241
|
$21.66
€20.09
|
|
pay 3.2 times more for housing
Iceland
|
Monaco
|
||
---|---|---|---|
Internet connection
50 mbps or faster, cable/dsl
|
$74.47
ISK10,392
|
$88.99
€82.56
|
|
1-Bedroom apartment in downtown area |
$1,518.94
ISK211,953
|
$6,575.69
€6,100.59
|
|
1-Bedroom apartment outside city center |
$1,325.48
ISK184,957
|
$4,417.00
€4,097.87
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$66.99
ISK9,348
|
$269.58
€250.10
|
|
pay 7.9 times more for childcare
Iceland
|
Monaco
|
||
---|---|---|---|
Private preschool for 1 child, monthly |
$254.97
ISK35,578
|
$2,788.69
€2,587.21
|
|
Middle school for 1 child, two semesters |
$5,993.83
ISK836,378
|
$29,714.46
€27,567.59
|
|
pay 2.6 times more for entertainment and sports
Iceland
|
Monaco
|
||
---|---|---|---|
Domestic/local beer (1 pint) |
$9.37
ISK1,308
|
$8.93
€8.29
|
|
Cappuccino in mid-range area |
$4.61
ISK644
|
$4.85
€4.50
|
|
Pack of cigarettes
Marlboro or similar
|
$11.22
ISK1,565
|
$12.18
€11.30
|
|
Monthly membership at local gym |
$60.00
ISK8,373
|
$517.80
€480.39
|
|
Movie ticket to theater/cinema |
$13.94
ISK1,945
|
$15.16
€14.07
|
|
pay 62.2% more for clothing
Iceland
|
Monaco
|
||
---|---|---|---|
Regular jeans
Levi's brand
|
$108.23
ISK15,103
|
$156.40
€145.10
|
|
Regular dress
from H&M or similar store
|
$59.73
ISK8,335
|
$65.34
€60.62
|
|
Running shoes
Nike or Adidas
|
$146.94
ISK20,504
|
$188.26
€174.66
|
|
Men's business shoes (leather) |
$169.24
ISK23,616
|
$451.61
€418.98
|
|
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