Cost of living comparison
Iceland is 28.6% cheaper than Monaco.
If you lived in Iceland instead of Monaco, you would:
pay 38.4% less for restaurants
Monaco
|
Iceland
|
||
---|---|---|---|
Basic meal with drink at inexpensive restaurant |
$41.23
€38.54
|
$17.84
kr2,507
|
|
Fast food combo meal
McDonalds, or similar
|
$10.44
€9.76
|
$14.27
kr2,006
|
|
Bottle of Coca-Cola (11 fl. oz) |
$5.94
€5.55
|
$2.32
kr326
|
|
Bottle of water (11 fl. oz) |
$7.70
€7.20
|
$2.12
kr298
|
|
pay 13.2% less for groceries
Monaco
|
Iceland
|
||
---|---|---|---|
Bread
1 loaf
|
$3.80
€3.55
|
$3.42
kr481
|
|
Local cheese (8 oz) |
$10.72
€10.02
|
$5.98
kr841
|
|
Milk (1 gallon) |
$8.50
€7.94
|
$5.33
kr749
|
|
Eggs
1 dozen
|
$4.29
€4.01
|
$5.66
kr795
|
|
Boneless chicken breast (1 lb) |
$6.64
€6.21
|
$7.09
kr997
|
|
Apples (1 lb) |
$1.33
€1.24
|
$1.16
kr163
|
|
Bananas (1 lb) |
$1.99
€1.86
|
$0.98
kr138
|
|
Oranges (1 lb) |
$0.71
€0.66
|
$1.17
kr165
|
|
Tomatoes (1 lb) |
$1.87
€1.75
|
$1.84
kr258
|
|
Potatoes (1 lb) |
$1.37
€1.28
|
$0.96
kr134
|
|
Onions (1 lb) |
$1.39
€1.30
|
$0.51
kr72
|
|
pay 41.7% more for transportation
Monaco
|
Iceland
|
||
---|---|---|---|
Gasoline (1 gallon) |
$8.27
€7.73
|
$8.03
kr1,129
|
|
Monthly public transit pass |
$38.21
€35.72
|
$77.40
kr10,879
|
|
New Volkswagen Golf 1.4 (standard edition) |
$21,988.99
€20,557.18
|
$29,836.83
kr4,193,865
|
|
Taxi trip in downtown area (5 miles) |
$18.25
€17.06
|
$23.97
kr3,369
|
|
pay 64.8% less for housing
Monaco
|
Iceland
|
||
---|---|---|---|
Internet connection
50 mbps or faster, cable/dsl
|
$107.38
€100.39
|
$62.40
kr8,771
|
|
1-Bedroom apartment in downtown area |
$5,818.99
€5,440.09
|
$1,437.14
kr202,005
|
|
1-Bedroom apartment outside city center |
$4,384.68
€4,099.17
|
$1,215.63
kr170,868
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$226.60
€211.84
|
$68.63
kr9,647
|
|
pay 89.2% less for childcare
Monaco
|
Iceland
|
||
---|---|---|---|
Private preschool for 1 child, monthly |
$3,518.24
€3,289.15
|
$259.34
kr36,453
|
|
Middle school for 1 child, two semesters |
$19,240.37
€17,987.53
|
$2,750.10
kr386,554
|
|
pay 23.8% less for entertainment and sports
Monaco
|
Iceland
|
||
---|---|---|---|
Domestic/local beer (1 pint) |
$8.80
€8.22
|
$8.52
kr1,198
|
|
Cappuccino in mid-range area |
$4.42
€4.13
|
$4.15
kr584
|
|
Pack of cigarettes
Marlboro or similar
|
$12.09
€11.31
|
$10.64
kr1,495
|
|
Monthly membership at local gym |
$604.70
€565.32
|
$56.90
kr7,998
|
|
Movie ticket to theater/cinema |
$13.19
€12.33
|
$12.27
kr1,725
|
|
pay 12.7% less for clothing
Monaco
|
Iceland
|
||
---|---|---|---|
Regular jeans
Levi's brand
|
$142.47
€133.19
|
$118.08
kr16,597
|
|
Regular dress
from H&M or similar store
|
$39.03
€36.49
|
$50.39
kr7,083
|
|
Running shoes
Nike or Adidas
|
$149.66
€139.92
|
$151.12
kr21,241
|
|
Men's business shoes (leather) |
$481.56
€450.20
|
$175.20
kr24,626
|
|
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