Cost of living comparison
Iceland is 27.5% cheaper than Switzerland.
If you lived in Iceland instead of Switzerland, you would:
pay 34.3% less for restaurants
|
Switzerland
|
Iceland
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$26.06
CHF23.58
|
$17.84
ISK2,491
|
|
|
Fast food combo meal
McDonalds, or similar
|
$16.57
CHF15.00
|
$14.27
ISK1,992
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$4.36
CHF3.95
|
$2.32
ISK324
|
|
| Bottle of water (11 fl. oz) |
$3.85
CHF3.49
|
$2.12
ISK296
|
|
pay 26.4% less for groceries
|
Switzerland
|
Iceland
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$3.23
CHF2.92
|
$3.42
ISK478
|
|
| Local cheese (8 oz) |
$14.05
CHF12.71
|
$5.98
ISK835
|
|
| Milk (1 gallon) |
$6.73
CHF6.09
|
$5.33
ISK744
|
|
|
Eggs
1 dozen
|
$6.47
CHF5.86
|
$5.66
ISK790
|
|
| Boneless chicken breast (1 lb) |
$11.61
CHF10.50
|
$7.09
ISK991
|
|
| Apples (1 lb) |
$1.92
CHF1.73
|
$1.16
ISK162
|
|
| Bananas (1 lb) |
$1.29
CHF1.17
|
$0.98
ISK137
|
|
| Oranges (1 lb) |
$1.50
CHF1.36
|
$1.17
ISK164
|
|
| Tomatoes (1 lb) |
$2.00
CHF1.81
|
$1.84
ISK256
|
|
| Potatoes (1 lb) |
$1.16
CHF1.05
|
$0.96
ISK134
|
|
| Onions (1 lb) |
$1.15
CHF1.04
|
$0.51
ISK71
|
|
pay 18.6% less for transportation
|
Switzerland
|
Iceland
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$7.86
CHF7.11
|
$8.03
ISK1,122
|
|
| Monthly public transit pass |
$101.99
CHF92.29
|
$77.40
ISK10,808
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$34,369.68
CHF31,101.33
|
$29,836.83
ISK4,166,415
|
|
| Taxi trip in downtown area (5 miles) |
$39.48
CHF35.73
|
$23.97
ISK3,347
|
|
pay 16.3% less for housing
|
Switzerland
|
Iceland
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$58.09
CHF52.56
|
$62.40
ISK8,714
|
|
| 1-Bedroom apartment in downtown area |
$1,527.18
CHF1,381.95
|
$1,437.14
ISK200,683
|
|
| 1-Bedroom apartment outside city center |
$1,267.40
CHF1,146.88
|
$1,215.63
ISK169,750
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$182.90
CHF165.51
|
$68.63
ISK9,583
|
|
pay 89.4% less for childcare
|
Switzerland
|
Iceland
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$2,253.56
CHF2,039.26
|
$259.34
ISK36,215
|
|
| Middle school for 1 child, two semesters |
$28,390.10
CHF25,690.38
|
$2,750.10
ISK384,024
|
|
pay 11.1% less for entertainment and sports
|
Switzerland
|
Iceland
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$6.80
CHF6.15
|
$8.52
ISK1,190
|
|
| Cappuccino in mid-range area |
$5.05
CHF4.57
|
$4.15
ISK580
|
|
|
Pack of cigarettes
Marlboro or similar
|
$9.54
CHF8.63
|
$10.64
ISK1,485
|
|
| Monthly membership at local gym |
$88.43
CHF80.02
|
$56.90
ISK7,946
|
|
| Movie ticket to theater/cinema |
$20.14
CHF18.23
|
$12.27
ISK1,714
|
|
pay 3.3% more for clothing
|
Switzerland
|
Iceland
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$111.16
CHF100.59
|
$118.08
ISK16,488
|
|
|
Regular dress
from H&M or similar store
|
$56.12
CHF50.79
|
$50.39
ISK7,036
|
|
|
Running shoes
Nike or Adidas
|
$131.83
CHF119.29
|
$151.12
ISK21,102
|
|
| Men's business shoes (leather) |
$170.76
CHF154.53
|
$175.20
ISK24,465
|
|
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