Cost of living comparison
Iceland is 2.3 times more expensive than Albania.
If you lived in Iceland instead of Albania, you would:
pay 2.4 times more for restaurants
|
Albania
|
Iceland
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$7.46
ALL671
|
$19.51
ISK2,647
|
|
|
Fast food combo meal
McDonalds, or similar
|
$6.30
ALL567
|
$16.45
ISK2,231
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$1.58
ALL142
|
$2.70
ISK367
|
|
| Bottle of water (11 fl. oz) |
$0.76
ALL68
|
$1.95
ISK265
|
|
pay 94.5% more for groceries
|
Albania
|
Iceland
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$0.80
ALL72
|
$3.16
ISK428
|
|
| Local cheese (8 oz) |
$4.90
ALL441
|
$6.72
ISK911
|
|
| Milk (1 gallon) |
$6.95
ALL625
|
$6.27
ISK851
|
|
|
Eggs
1 dozen
|
$3.29
ALL296
|
$6.03
ISK818
|
|
| Boneless chicken breast (1 lb) |
$3.21
ALL289
|
$7.60
ISK1,031
|
|
| Apples (1 lb) |
$0.62
ALL55
|
$1.13
ISK153
|
|
| Bananas (1 lb) |
$1.05
ALL95
|
$1.01
ISK137
|
|
| Oranges (1 lb) |
$0.72
ALL65
|
$1.15
ISK157
|
|
| Tomatoes (1 lb) |
$0.64
ALL58
|
$1.71
ISK232
|
|
| Potatoes (1 lb) |
$0.46
ALL41
|
$1.13
ISK153
|
|
| Onions (1 lb) |
$0.48
ALL43
|
$0.68
ISK92
|
|
pay 88.8% more for transportation
|
Albania
|
Iceland
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$7.84
ALL705
|
$8.42
ISK1,142
|
|
| Monthly public transit pass |
$15.59
ALL1,402
|
$68.29
ISK9,265
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$30,451.57
ALL2,738,909
|
$39,714.69
ISK5,387,695
|
|
| Taxi trip in downtown area (5 miles) |
$29.40
ALL2,645
|
$23.23
ISK3,151
|
|
pay 3.9 times more for housing
|
Albania
|
Iceland
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$15.91
ALL1,431
|
$74.47
ISK10,103
|
|
| 1-Bedroom apartment in downtown area |
$333.93
ALL30,034
|
$1,518.94
ISK206,059
|
|
| 1-Bedroom apartment outside city center |
$252.77
ALL22,735
|
$1,325.48
ISK179,814
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$66.76
ALL6,004
|
$66.99
ISK9,088
|
|
pay 88.5% more for childcare
|
Albania
|
Iceland
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$144.51
ALL12,997
|
$254.97
ISK34,589
|
|
| Middle school for 1 child, two semesters |
$2,989.15
ALL268,853
|
$5,993.83
ISK813,122
|
|
pay 2.7 times more for entertainment and sports
|
Albania
|
Iceland
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$2.48
ALL223
|
$9.37
ISK1,272
|
|
| Cappuccino in mid-range area |
$1.54
ALL138
|
$4.61
ISK626
|
|
|
Pack of cigarettes
Marlboro or similar
|
$3.54
ALL318
|
$11.22
ISK1,522
|
|
| Monthly membership at local gym |
$36.41
ALL3,275
|
$60.00
ISK8,140
|
|
| Movie ticket to theater/cinema |
$8.18
ALL736
|
$13.94
ISK1,891
|
|
pay 80.0% more for clothing
|
Albania
|
Iceland
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$45.87
ALL4,126
|
$108.23
ISK14,683
|
|
|
Regular dress
from H&M or similar store
|
$44.92
ALL4,040
|
$59.73
ISK8,103
|
|
|
Running shoes
Nike or Adidas
|
$78.19
ALL7,032
|
$146.94
ISK19,934
|
|
| Men's business shoes (leather) |
$103.69
ALL9,326
|
$169.24
ISK22,959
|
|
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