Cost of living comparison
Iceland is 36.0% more expensive than Italy.
If you lived in Iceland instead of Italy, you would:
pay 37.1% more for restaurants
|
Italy
|
Iceland
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$15.74
€14.72
|
$17.84
kr2,507
|
|
|
Fast food combo meal
McDonalds, or similar
|
$9.09
€8.50
|
$14.27
kr2,006
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.45
€2.29
|
$2.32
kr326
|
|
| Bottle of water (11 fl. oz) |
$1.16
€1.08
|
$2.12
kr298
|
|
pay 31.9% more for groceries
|
Italy
|
Iceland
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$1.86
€1.74
|
$3.42
kr481
|
|
| Local cheese (8 oz) |
$7.20
€6.73
|
$5.98
kr841
|
|
| Milk (1 gallon) |
$4.88
€4.57
|
$5.33
kr749
|
|
|
Eggs
1 dozen
|
$3.14
€2.94
|
$5.66
kr795
|
|
| Boneless chicken breast (1 lb) |
$4.47
€4.18
|
$7.09
kr997
|
|
| Apples (1 lb) |
$0.96
€0.90
|
$1.16
kr163
|
|
| Bananas (1 lb) |
$0.84
€0.79
|
$0.98
kr138
|
|
| Oranges (1 lb) |
$0.94
€0.88
|
$1.17
kr165
|
|
| Tomatoes (1 lb) |
$1.20
€1.12
|
$1.84
kr258
|
|
| Potatoes (1 lb) |
$0.65
€0.61
|
$0.96
kr134
|
|
| Onions (1 lb) |
$0.71
€0.66
|
$0.51
kr72
|
|
pay 36.4% more for transportation
|
Italy
|
Iceland
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$8.02
€7.50
|
$8.03
kr1,129
|
|
| Monthly public transit pass |
$38.40
€35.90
|
$77.40
kr10,879
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$25,887.08
€24,201.44
|
$29,836.83
kr4,193,865
|
|
| Taxi trip in downtown area (5 miles) |
$18.65
€17.43
|
$23.97
kr3,369
|
|
pay 83.3% more for housing
|
Italy
|
Iceland
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$30.75
€28.74
|
$62.40
kr8,771
|
|
| 1-Bedroom apartment in downtown area |
$608.10
€568.51
|
$1,437.14
kr202,005
|
|
| 1-Bedroom apartment outside city center |
$488.80
€456.97
|
$1,215.63
kr170,868
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$151.72
€141.84
|
$68.63
kr9,647
|
|
pay 57.5% less for childcare
|
Italy
|
Iceland
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$459.30
€429.39
|
$259.34
kr36,453
|
|
| Middle school for 1 child, two semesters |
$9,604.44
€8,979.05
|
$2,750.10
kr386,554
|
|
pay 69.4% more for entertainment and sports
|
Italy
|
Iceland
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$4.83
€4.51
|
$8.52
kr1,198
|
|
| Cappuccino in mid-range area |
$1.60
€1.49
|
$4.15
kr584
|
|
|
Pack of cigarettes
Marlboro or similar
|
$6.30
€5.89
|
$10.64
kr1,495
|
|
| Monthly membership at local gym |
$51.79
€48.42
|
$56.90
kr7,998
|
|
| Movie ticket to theater/cinema |
$9.32
€8.71
|
$12.27
kr1,725
|
|
pay 51.5% more for clothing
|
Italy
|
Iceland
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$80.37
€75.13
|
$118.08
kr16,597
|
|
|
Regular dress
from H&M or similar store
|
$36.54
€34.16
|
$50.39
kr7,083
|
|
|
Running shoes
Nike or Adidas
|
$89.56
€83.73
|
$151.12
kr21,241
|
|
| Men's business shoes (leather) |
$114.84
€107.37
|
$175.20
kr24,626
|
|
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