Cost of living comparison
Iceland is 5.1% cheaper than Paris.
If you lived in Iceland instead of Paris, you would:
pay 3.2% less for restaurants
|
Paris
|
Iceland
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$16.49
€15.32
|
$17.84
ISK2,491
|
|
|
Fast food combo meal
McDonalds, or similar
|
$10.99
€10.21
|
$14.27
ISK1,992
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$3.30
€3.06
|
$2.32
ISK324
|
|
| Bottle of water (11 fl. oz) |
$2.70
€2.51
|
$2.12
ISK296
|
|
pay 4.0% less for groceries
|
Paris
|
Iceland
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$2.28
€2.12
|
$3.42
ISK478
|
|
| Local cheese (8 oz) |
$9.69
€9.00
|
$5.98
ISK835
|
|
| Milk (1 gallon) |
$4.75
€4.41
|
$5.33
ISK744
|
|
|
Eggs
1 dozen
|
$3.71
€3.44
|
$5.66
ISK790
|
|
| Boneless chicken breast (1 lb) |
$6.40
€5.95
|
$7.09
ISK991
|
|
| Apples (1 lb) |
$1.63
€1.52
|
$1.16
ISK162
|
|
| Bananas (1 lb) |
$1.05
€0.98
|
$0.98
ISK137
|
|
| Oranges (1 lb) |
$1.49
€1.38
|
$1.17
ISK164
|
|
| Tomatoes (1 lb) |
$1.87
€1.73
|
$1.84
ISK256
|
|
| Potatoes (1 lb) |
$1.16
€1.07
|
$0.96
ISK134
|
|
| Onions (1 lb) |
$1.15
€1.07
|
$0.51
ISK71
|
|
pay 3.7% more for transportation
|
Paris
|
Iceland
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$8.20
€7.61
|
$8.03
ISK1,122
|
|
| Monthly public transit pass |
$92.35
€85.76
|
$77.40
ISK10,808
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$24,187.89
€22,462.09
|
$29,836.83
ISK4,166,415
|
|
| Taxi trip in downtown area (5 miles) |
$21.89
€20.33
|
$23.97
ISK3,347
|
|
pay 12.2% more for housing
|
Paris
|
Iceland
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$32.60
€30.27
|
$62.40
ISK8,714
|
|
| 1-Bedroom apartment in downtown area |
$1,438.32
€1,335.70
|
$1,437.14
ISK200,683
|
|
| 1-Bedroom apartment outside city center |
$1,037.88
€963.83
|
$1,215.63
ISK169,750
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$169.67
€157.56
|
$68.63
ISK9,583
|
|
pay 76.8% less for childcare
|
Paris
|
Iceland
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$830.08
€770.86
|
$259.34
ISK36,215
|
|
| Middle school for 1 child, two semesters |
$18,062.39
€16,773.64
|
$2,750.10
ISK384,024
|
|
pay 8.0% more for entertainment and sports
|
Paris
|
Iceland
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$7.69
€7.14
|
$8.52
ISK1,190
|
|
| Cappuccino in mid-range area |
$4.19
€3.89
|
$4.15
ISK580
|
|
|
Pack of cigarettes
Marlboro or similar
|
$11.54
€10.72
|
$10.64
ISK1,485
|
|
| Monthly membership at local gym |
$39.26
€36.46
|
$56.90
ISK7,946
|
|
| Movie ticket to theater/cinema |
$13.19
€12.25
|
$12.27
ISK1,714
|
|
pay 24.7% more for clothing
|
Paris
|
Iceland
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$110.46
€102.58
|
$118.08
ISK16,488
|
|
|
Regular dress
from H&M or similar store
|
$41.99
€38.99
|
$50.39
ISK7,036
|
|
|
Running shoes
Nike or Adidas
|
$101.08
€93.87
|
$151.12
ISK21,102
|
|
| Men's business shoes (leather) |
$143.22
€133.00
|
$175.20
ISK24,465
|
|
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