Cost of living comparison
Iceland is 2.6 times more expensive than Managua.
If you lived in Iceland instead of Managua, you would:
pay 3.1 times more for restaurants
Managua
|
Iceland
|
||
---|---|---|---|
Basic meal with drink at inexpensive restaurant |
$4.95
NIO182.22
|
$17.84
ISK2,489
|
|
Fast food combo meal
McDonalds, or similar
|
$5.52
NIO203.12
|
$14.27
ISK1,991
|
|
Bottle of Coca-Cola (11 fl. oz) |
$0.65
NIO23.74
|
$2.32
ISK323
|
|
Bottle of water (11 fl. oz) |
$0.76
NIO27.92
|
$2.12
ISK296
|
|
pay 99.9% more for groceries
Managua
|
Iceland
|
||
---|---|---|---|
Bread
1 loaf
|
$1.38
NIO50.82
|
$3.42
ISK478
|
|
Local cheese (8 oz) |
$1.90
NIO69.92
|
$5.98
ISK835
|
|
Milk (1 gallon) |
$3.95
NIO145.21
|
$5.33
ISK743
|
|
Eggs
1 dozen
|
$1.98
NIO72.78
|
$5.66
ISK790
|
|
Boneless chicken breast (1 lb) |
$2.29
NIO84.39
|
$7.09
ISK990
|
|
Apples (1 lb) |
$2.18
NIO80.31
|
$1.16
ISK162
|
|
Bananas (1 lb) |
$0.48
NIO17.77
|
$0.98
ISK137
|
|
Oranges (1 lb) |
$0.78
NIO28.52
|
$1.17
ISK163
|
|
Tomatoes (1 lb) |
$0.69
NIO25.54
|
$1.84
ISK256
|
|
Potatoes (1 lb) |
$0.67
NIO24.80
|
$0.96
ISK134
|
|
Onions (1 lb) |
$0.55
NIO20.24
|
$0.51
ISK71
|
|
pay 3.3 times more for transportation
Managua
|
Iceland
|
||
---|---|---|---|
Gasoline (1 gallon) |
$4.73
NIO173.90
|
$8.03
ISK1,121
|
|
Monthly public transit pass |
$10.00
NIO367.80
|
$77.40
ISK10,800
|
|
New Volkswagen Golf 1.4 (standard edition) |
$19,000.00
NIO698,818.21
|
$29,836.83
ISK4,163,431
|
|
Taxi trip in downtown area (5 miles) |
$10.46
NIO384.82
|
$23.97
ISK3,344
|
|
pay 3.7 times more for housing
Managua
|
Iceland
|
||
---|---|---|---|
Internet connection
50 mbps or faster, cable/dsl
|
$58.25
NIO2,142.26
|
$62.40
ISK8,708
|
|
1-Bedroom apartment in downtown area |
$235.71
NIO8,669.55
|
$1,437.14
ISK200,539
|
|
1-Bedroom apartment outside city center |
$186.67
NIO6,865.58
|
$1,215.63
ISK169,628
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$52.74
NIO1,939.73
|
$68.63
ISK9,577
|
|
pay 38.8% more for childcare
Managua
|
Iceland
|
||
---|---|---|---|
Private preschool for 1 child, monthly |
$126.63
NIO4,657.59
|
$259.34
ISK36,189
|
|
Middle school for 1 child, two semesters |
$3,774.75
NIO138,834.90
|
$2,750.10
ISK383,749
|
|
pay 2.7 times more for entertainment and sports
Managua
|
Iceland
|
||
---|---|---|---|
Domestic/local beer (1 pint) |
$1.95
NIO71.72
|
$8.52
ISK1,189
|
|
Cappuccino in mid-range area |
$2.17
NIO79.71
|
$4.15
ISK579
|
|
Pack of cigarettes
Marlboro or similar
|
$3.00
NIO110.34
|
$10.64
ISK1,484
|
|
Monthly membership at local gym |
$30.40
NIO1,118.14
|
$56.90
ISK7,940
|
|
Movie ticket to theater/cinema |
$6.57
NIO241.75
|
$12.27
ISK1,713
|
|
pay 95.4% more for clothing
Managua
|
Iceland
|
||
---|---|---|---|
Regular jeans
Levi's brand
|
$46.93
NIO1,726.09
|
$118.08
ISK16,476
|
|
Regular dress
from H&M or similar store
|
$42.70
NIO1,570.33
|
$50.39
ISK7,031
|
|
Running shoes
Nike or Adidas
|
$77.56
NIO2,852.70
|
$151.12
ISK21,087
|
|
Men's business shoes (leather) |
$80.63
NIO2,965.44
|
$175.20
ISK24,447
|
|
Change currency:
ASK THE ELSEWHERE COMMUNITY
Join the Elsewhere community and ask a question about Iceland or Managua. It's a free, question-and-answer based forum to discuss what life is like in countries and cities around the world.