Cost of living comparison
Iceland is 2.7 times more expensive than Venezuela.
If you lived in Iceland instead of Venezuela, you would:
pay 2.1 times more for restaurants
Venezuela
|
Iceland
|
||
---|---|---|---|
Basic meal with drink at inexpensive restaurant |
$7.99
VEF79.74
|
$17.84
ISK2,489
|
|
Fast food combo meal
McDonalds, or similar
|
$8.68
VEF86.60
|
$14.27
ISK1,991
|
|
Bottle of Coca-Cola (11 fl. oz) |
$1.17
VEF11.71
|
$2.32
ISK323
|
|
Bottle of water (11 fl. oz) |
$0.88
VEF8.79
|
$2.12
ISK296
|
|
pay 88.9% more for groceries
Venezuela
|
Iceland
|
||
---|---|---|---|
Bread
1 loaf
|
$1.84
VEF18.31
|
$3.42
ISK478
|
|
Local cheese (8 oz) |
$2.19
VEF21.84
|
$5.98
ISK835
|
|
Milk (1 gallon) |
$6.36
VEF63.46
|
$5.33
ISK743
|
|
Eggs
1 dozen
|
$2.09
VEF20.87
|
$5.66
ISK790
|
|
Boneless chicken breast (1 lb) |
$2.45
VEF24.41
|
$7.09
ISK990
|
|
Apples (1 lb) |
$1.99
VEF19.86
|
$1.16
ISK162
|
|
Bananas (1 lb) |
$0.46
VEF4.59
|
$0.98
ISK137
|
|
Oranges (1 lb) |
$0.57
VEF5.65
|
$1.17
ISK163
|
|
Tomatoes (1 lb) |
$0.70
VEF6.98
|
$1.84
ISK256
|
|
Potatoes (1 lb) |
$0.56
VEF5.63
|
$0.96
ISK134
|
|
Onions (1 lb) |
$0.79
VEF7.92
|
$0.51
ISK71
|
|
pay 2.0 times more for transportation
Venezuela
|
Iceland
|
||
---|---|---|---|
Gasoline (1 gallon) |
$1.90
VEF18.92
|
$8.03
ISK1,121
|
|
Monthly public transit pass |
$37.75
VEF376.54
|
$77.40
ISK10,800
|
|
New Volkswagen Golf 1.4 (standard edition) |
$31,166.67
VEF310,871.95
|
$29,836.83
ISK4,163,431
|
|
Taxi trip in downtown area (5 miles) |
$26.10
VEF260.30
|
$23.97
ISK3,344
|
|
pay 5.7 times more for housing
Venezuela
|
Iceland
|
||
---|---|---|---|
Internet connection
50 mbps or faster, cable/dsl
|
$39.45
VEF393.53
|
$62.40
ISK8,708
|
|
1-Bedroom apartment in downtown area |
$172.69
VEF1,722.45
|
$1,437.14
ISK200,539
|
|
1-Bedroom apartment outside city center |
$151.81
VEF1,514.18
|
$1,215.63
ISK169,628
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$14.14
VEF141.06
|
$68.63
ISK9,577
|
|
pay 2.3 times more for childcare
Venezuela
|
Iceland
|
||
---|---|---|---|
Private preschool for 1 child, monthly |
$61.35
VEF611.96
|
$259.34
ISK36,189
|
|
Middle school for 1 child, two semesters |
$7,600.00
VEF75,806.21
|
$2,750.10
ISK383,749
|
|
pay 3.2 times more for entertainment and sports
Venezuela
|
Iceland
|
||
---|---|---|---|
Domestic/local beer (1 pint) |
$1.30
VEF12.94
|
$8.52
ISK1,189
|
|
Cappuccino in mid-range area |
$1.61
VEF16.07
|
$4.15
ISK579
|
|
Pack of cigarettes
Marlboro or similar
|
$3.77
VEF37.65
|
$10.64
ISK1,484
|
|
Monthly membership at local gym |
$33.33
VEF332.45
|
$56.90
ISK7,940
|
|
Movie ticket to theater/cinema |
$5.39
VEF53.75
|
$12.27
ISK1,713
|
|
pay 2.0 times more for clothing
Venezuela
|
Iceland
|
||
---|---|---|---|
Regular jeans
Levi's brand
|
$52.98
VEF528.42
|
$118.08
ISK16,476
|
|
Regular dress
from H&M or similar store
|
$38.48
VEF383.83
|
$50.39
ISK7,031
|
|
Running shoes
Nike or Adidas
|
$68.40
VEF682.30
|
$151.12
ISK21,087
|
|
Men's business shoes (leather) |
$72.31
VEF721.21
|
$175.20
ISK24,447
|
|
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