Cost of living comparison
Iceland is 49.0% more expensive than Seoul.
If you lived in Iceland instead of Seoul, you would:
pay 2.3 times more for restaurants
|
Seoul
|
Iceland
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$6.84
₩9,271
|
$17.84
ISK2,491
|
|
|
Fast food combo meal
McDonalds, or similar
|
$6.08
₩8,241
|
$14.27
ISK1,992
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$1.56
₩2,120
|
$2.32
ISK324
|
|
| Bottle of water (11 fl. oz) |
$0.82
₩1,109
|
$2.12
ISK296
|
|
pay 20.9% less for groceries
|
Seoul
|
Iceland
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$3.17
₩4,302
|
$3.42
ISK478
|
|
| Local cheese (8 oz) |
$5.72
₩7,751
|
$5.98
ISK835
|
|
| Milk (1 gallon) |
$8.47
₩11,487
|
$5.33
ISK744
|
|
|
Eggs
1 dozen
|
$3.83
₩5,197
|
$5.66
ISK790
|
|
| Boneless chicken breast (1 lb) |
$4.85
₩6,579
|
$7.09
ISK991
|
|
| Apples (1 lb) |
$2.90
₩3,926
|
$1.16
ISK162
|
|
| Bananas (1 lb) |
$1.67
₩2,260
|
$0.98
ISK137
|
|
| Oranges (1 lb) |
$2.82
₩3,818
|
$1.17
ISK164
|
|
| Tomatoes (1 lb) |
$2.77
₩3,750
|
$1.84
ISK256
|
|
| Potatoes (1 lb) |
$1.68
₩2,283
|
$0.96
ISK134
|
|
| Onions (1 lb) |
$1.38
₩1,868
|
$0.51
ISK71
|
|
pay 73.7% more for transportation
|
Seoul
|
Iceland
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$5.41
₩7,334
|
$8.03
ISK1,122
|
|
| Monthly public transit pass |
$41.78
₩56,655
|
$77.40
ISK10,808
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$31,904.23
₩43,263,567
|
$29,836.83
ISK4,166,415
|
|
| Taxi trip in downtown area (5 miles) |
$8.96
₩12,155
|
$23.97
ISK3,347
|
|
pay 81.5% more for housing
|
Seoul
|
Iceland
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$21.92
₩29,718
|
$62.40
ISK8,714
|
|
| 1-Bedroom apartment in downtown area |
$768.77
₩1,042,489
|
$1,437.14
ISK200,683
|
|
| 1-Bedroom apartment outside city center |
$592.83
₩803,911
|
$1,215.63
ISK169,750
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$138.80
₩188,213
|
$68.63
ISK9,583
|
|
pay 58.8% less for childcare
|
Seoul
|
Iceland
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$384.99
₩522,060
|
$259.34
ISK36,215
|
|
| Middle school for 1 child, two semesters |
$18,449.76
₩25,018,704
|
$2,750.10
ISK384,024
|
|
pay 73.2% more for entertainment and sports
|
Seoul
|
Iceland
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$3.80
₩5,150
|
$8.52
ISK1,190
|
|
| Cappuccino in mid-range area |
$3.92
₩5,322
|
$4.15
ISK580
|
|
|
Pack of cigarettes
Marlboro or similar
|
$3.42
₩4,635
|
$10.64
ISK1,485
|
|
| Monthly membership at local gym |
$52.16
₩70,735
|
$56.90
ISK7,946
|
|
| Movie ticket to theater/cinema |
$10.63
₩14,421
|
$12.27
ISK1,714
|
|
pay 68.2% more for clothing
|
Seoul
|
Iceland
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$60.78
₩82,415
|
$118.08
ISK16,488
|
|
|
Regular dress
from H&M or similar store
|
$43.57
₩59,088
|
$50.39
ISK7,036
|
|
|
Running shoes
Nike or Adidas
|
$72.02
₩97,656
|
$151.12
ISK21,102
|
|
| Men's business shoes (leather) |
$114.47
₩155,223
|
$175.20
ISK24,465
|
|
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