Cost of living comparison
Iceland is 3.3 times more expensive than Mongolia.
If you lived in Iceland instead of Mongolia, you would:
pay 3.8 times more for restaurants
Mongolia
|
Iceland
|
||
---|---|---|---|
Basic meal with drink at inexpensive restaurant |
$4.26
MNT14,705.88
|
$17.84
ISK2,489
|
|
Fast food combo meal
McDonalds, or similar
|
$4.26
MNT14,705.88
|
$14.27
ISK1,991
|
|
Bottle of Coca-Cola (11 fl. oz) |
$0.79
MNT2,724.67
|
$2.32
ISK323
|
|
Bottle of water (11 fl. oz) |
$0.44
MNT1,527.78
|
$2.12
ISK296
|
|
pay 2.3 times more for groceries
Mongolia
|
Iceland
|
||
---|---|---|---|
Bread
1 loaf
|
$0.58
MNT2,017.97
|
$3.42
ISK478
|
|
Local cheese (8 oz) |
$3.32
MNT11,437.91
|
$5.98
ISK835
|
|
Milk (1 gallon) |
$4.00
MNT13,805.62
|
$5.33
ISK743
|
|
Eggs
1 dozen
|
$1.73
MNT5,984.31
|
$5.66
ISK790
|
|
Boneless chicken breast (1 lb) |
$1.71
MNT5,904.61
|
$7.09
ISK990
|
|
Apples (1 lb) |
$1.26
MNT4,362.99
|
$1.16
ISK162
|
|
Bananas (1 lb) |
$1.13
MNT3,903.47
|
$0.98
ISK137
|
|
Oranges (1 lb) |
$1.31
MNT4,502.58
|
$1.17
ISK163
|
|
Tomatoes (1 lb) |
$1.57
MNT5,405.32
|
$1.84
ISK256
|
|
Potatoes (1 lb) |
$0.23
MNT798.51
|
$0.96
ISK134
|
|
Onions (1 lb) |
$0.43
MNT1,486.56
|
$0.51
ISK71
|
|
pay 5.5 times more for transportation
Mongolia
|
Iceland
|
||
---|---|---|---|
Gasoline (1 gallon) |
$2.92
MNT10,062.27
|
$8.03
ISK1,121
|
|
Monthly public transit pass |
$6.96
MNT24,019.61
|
$77.40
ISK10,800
|
|
New Volkswagen Golf 1.4 (standard edition) |
$16,339.87
MNT56,372,549.02
|
$29,836.83
ISK4,163,431
|
|
Taxi trip in downtown area (5 miles) |
$3.84
MNT13,235.29
|
$23.97
ISK3,344
|
|
pay 4.3 times more for housing
Mongolia
|
Iceland
|
||
---|---|---|---|
Internet connection
50 mbps or faster, cable/dsl
|
$12.08
MNT41,666.67
|
$62.40
ISK8,708
|
|
1-Bedroom apartment in downtown area |
$337.85
MNT1,165,577.34
|
$1,437.14
ISK200,539
|
|
1-Bedroom apartment outside city center |
$195.76
MNT675,381.26
|
$1,215.63
ISK169,628
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$42.93
MNT148,093.55
|
$68.63
ISK9,577
|
|
pay 24.8% more for childcare
Mongolia
|
Iceland
|
||
---|---|---|---|
Private preschool for 1 child, monthly |
$125.51
MNT433,006.54
|
$259.34
ISK36,189
|
|
Middle school for 1 child, two semesters |
$6,399.26
MNT22,077,450.98
|
$2,750.10
ISK383,749
|
|
pay 3.5 times more for entertainment and sports
Mongolia
|
Iceland
|
||
---|---|---|---|
Domestic/local beer (1 pint) |
$1.49
MNT5,147.06
|
$8.52
ISK1,189
|
|
Cappuccino in mid-range area |
$2.22
MNT7,647.06
|
$4.15
ISK579
|
|
Pack of cigarettes
Marlboro or similar
|
$1.71
MNT5,882.35
|
$10.64
ISK1,484
|
|
Monthly membership at local gym |
$56.83
MNT196,078.43
|
$56.90
ISK7,940
|
|
Movie ticket to theater/cinema |
$4.26
MNT14,705.88
|
$12.27
ISK1,713
|
|
pay 2.2 times more for clothing
Mongolia
|
Iceland
|
||
---|---|---|---|
Regular jeans
Levi's brand
|
$39.25
MNT135,416.67
|
$118.08
ISK16,476
|
|
Regular dress
from H&M or similar store
|
$27.71
MNT95,588.24
|
$50.39
ISK7,031
|
|
Running shoes
Nike or Adidas
|
$70.41
MNT242,919.39
|
$151.12
ISK21,087
|
|
Men's business shoes (leather) |
$97.02
MNT334,733.89
|
$175.20
ISK24,447
|
|
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