Cost of living comparison
Iceland is 2.6 times more expensive than Armenia.
If you lived in Iceland instead of Armenia, you would:
pay 3.0 times more for restaurants
Armenia
|
Iceland
|
||
---|---|---|---|
Basic meal with drink at inexpensive restaurant |
$7.08
AMD2,800
|
$17.84
kr2,506
|
|
Fast food combo meal
McDonalds, or similar
|
$6.44
AMD2,545
|
$14.27
kr2,005
|
|
Bottle of Coca-Cola (11 fl. oz) |
$0.91
AMD358
|
$2.32
kr326
|
|
Bottle of water (11 fl. oz) |
$0.43
AMD171
|
$2.12
kr298
|
|
pay 2.4 times more for groceries
Armenia
|
Iceland
|
||
---|---|---|---|
Bread
1 loaf
|
$0.56
AMD221
|
$3.42
kr481
|
|
Local cheese (8 oz) |
$3.69
AMD1,459
|
$5.98
kr841
|
|
Milk (1 gallon) |
$4.75
AMD1,880
|
$5.33
kr748
|
|
Eggs
1 dozen
|
$2.02
AMD798
|
$5.66
kr795
|
|
Boneless chicken breast (1 lb) |
$2.73
AMD1,079
|
$7.09
kr997
|
|
Apples (1 lb) |
$0.56
AMD222
|
$1.16
kr163
|
|
Bananas (1 lb) |
$0.82
AMD324
|
$0.98
kr138
|
|
Oranges (1 lb) |
$0.73
AMD287
|
$1.17
kr165
|
|
Tomatoes (1 lb) |
$0.71
AMD283
|
$1.84
kr258
|
|
Potatoes (1 lb) |
$0.34
AMD134
|
$0.96
kr134
|
|
Onions (1 lb) |
$0.30
AMD118
|
$0.51
kr72
|
|
pay 4.3 times more for transportation
Armenia
|
Iceland
|
||
---|---|---|---|
Gasoline (1 gallon) |
$4.44
AMD1,757
|
$8.03
kr1,129
|
|
Monthly public transit pass |
$10.75
AMD4,250
|
$77.40
kr10,876
|
|
New Volkswagen Golf 1.4 (standard edition) |
$25,749.24
AMD10,181,473
|
$29,836.83
kr4,192,672
|
|
Taxi trip in downtown area (5 miles) |
$3.35
AMD1,324
|
$23.97
kr3,368
|
|
pay 2.3 times more for housing
Armenia
|
Iceland
|
||
---|---|---|---|
Internet connection
50 mbps or faster, cable/dsl
|
$17.61
AMD6,962
|
$62.40
kr8,769
|
|
1-Bedroom apartment in downtown area |
$662.62
AMD262,006
|
$1,437.14
kr201,947
|
|
1-Bedroom apartment outside city center |
$469.53
AMD185,658
|
$1,215.63
kr170,820
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$86.35
AMD34,145
|
$68.63
kr9,644
|
|
pay 11.5% less for childcare
Armenia
|
Iceland
|
||
---|---|---|---|
Private preschool for 1 child, monthly |
$180.96
AMD71,553
|
$259.34
kr36,443
|
|
Middle school for 1 child, two semesters |
$8,167.82
AMD3,229,628
|
$2,750.10
kr386,444
|
|
pay 3.4 times more for entertainment and sports
Armenia
|
Iceland
|
||
---|---|---|---|
Domestic/local beer (1 pint) |
$1.36
AMD540
|
$8.52
kr1,198
|
|
Cappuccino in mid-range area |
$2.40
AMD951
|
$4.15
kr584
|
|
Pack of cigarettes
Marlboro or similar
|
$1.92
AMD759
|
$10.64
kr1,494
|
|
Monthly membership at local gym |
$51.24
AMD20,261
|
$56.90
kr7,996
|
|
Movie ticket to theater/cinema |
$5.15
AMD2,036
|
$12.27
kr1,725
|
|
pay 55.4% more for clothing
Armenia
|
Iceland
|
||
---|---|---|---|
Regular jeans
Levi's brand
|
$68.02
AMD26,894
|
$118.08
kr16,592
|
|
Regular dress
from H&M or similar store
|
$52.72
AMD20,848
|
$50.39
kr7,081
|
|
Running shoes
Nike or Adidas
|
$98.40
AMD38,907
|
$151.12
kr21,235
|
|
Men's business shoes (leather) |
$88.10
AMD34,835
|
$175.20
kr24,619
|
|
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