Cost of living comparison
Iceland is 3.1 times more expensive than Macedonia.
If you lived in Iceland instead of Macedonia, you would:
pay 3.1 times more for restaurants
|
Macedonia
|
Iceland
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$4.77
MKD272.51
|
$17.84
ISK2,489
|
|
|
Fast food combo meal
McDonalds, or similar
|
$3.35
MKD191.23
|
$14.27
ISK1,991
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$1.18
MKD67.67
|
$2.32
ISK323
|
|
| Bottle of water (11 fl. oz) |
$0.84
MKD48.03
|
$2.12
ISK296
|
|
pay 2.8 times more for groceries
|
Macedonia
|
Iceland
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$0.62
MKD35.59
|
$3.42
ISK478
|
|
| Local cheese (8 oz) |
$3.02
MKD172.37
|
$5.98
ISK835
|
|
| Milk (1 gallon) |
$4.12
MKD235.18
|
$5.33
ISK743
|
|
|
Eggs
1 dozen
|
$1.80
MKD102.62
|
$5.66
ISK790
|
|
| Boneless chicken breast (1 lb) |
$2.26
MKD129.13
|
$7.09
ISK990
|
|
| Apples (1 lb) |
$0.34
MKD19.29
|
$1.16
ISK162
|
|
| Bananas (1 lb) |
$0.53
MKD30.47
|
$0.98
ISK137
|
|
| Oranges (1 lb) |
$0.44
MKD24.88
|
$1.17
ISK163
|
|
| Tomatoes (1 lb) |
$0.60
MKD34.55
|
$1.84
ISK256
|
|
| Potatoes (1 lb) |
$0.29
MKD16.60
|
$0.96
ISK134
|
|
| Onions (1 lb) |
$0.28
MKD15.97
|
$0.51
ISK71
|
|
pay 2.7 times more for transportation
|
Macedonia
|
Iceland
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$5.32
MKD303.79
|
$8.03
ISK1,121
|
|
| Monthly public transit pass |
$20.30
MKD1,159.35
|
$77.40
ISK10,800
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$20,822.28
MKD1,189,196.88
|
$29,836.83
ISK4,163,431
|
|
| Taxi trip in downtown area (5 miles) |
$5.68
MKD324.24
|
$23.97
ISK3,344
|
|
pay 5.4 times more for housing
|
Macedonia
|
Iceland
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$17.70
MKD1,010.67
|
$62.40
ISK8,708
|
|
| 1-Bedroom apartment in downtown area |
$179.57
MKD10,255.55
|
$1,437.14
ISK200,539
|
|
| 1-Bedroom apartment outside city center |
$130.47
MKD7,451.34
|
$1,215.63
ISK169,628
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$94.81
MKD5,414.93
|
$68.63
ISK9,577
|
|
pay 94.1% more for childcare
|
Macedonia
|
Iceland
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$100.21
MKD5,722.93
|
$259.34
ISK36,189
|
|
| Middle school for 1 child, two semesters |
$2,124.52
MKD121,335.21
|
$2,750.10
ISK383,749
|
|
pay 3.7 times more for entertainment and sports
|
Macedonia
|
Iceland
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$1.57
MKD89.85
|
$8.52
ISK1,189
|
|
| Cappuccino in mid-range area |
$1.25
MKD71.29
|
$4.15
ISK579
|
|
|
Pack of cigarettes
Marlboro or similar
|
$2.70
MKD154.47
|
$10.64
ISK1,484
|
|
| Monthly membership at local gym |
$19.54
MKD1,115.91
|
$56.90
ISK7,940
|
|
| Movie ticket to theater/cinema |
$4.21
MKD240.47
|
$12.27
ISK1,713
|
|
pay 2.1 times more for clothing
|
Macedonia
|
Iceland
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$50.34
MKD2,874.92
|
$118.08
ISK16,476
|
|
|
Regular dress
from H&M or similar store
|
$33.58
MKD1,917.55
|
$50.39
ISK7,031
|
|
|
Running shoes
Nike or Adidas
|
$75.78
MKD4,327.87
|
$151.12
ISK21,087
|
|
| Men's business shoes (leather) |
$68.00
MKD3,883.76
|
$175.20
ISK24,447
|
|
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