Cost of living comparison
Iceland is 2.0 times more expensive than Beijing.
If you lived in Iceland instead of Beijing, you would:
pay 4.3 times more for restaurants
|
Beijing
|
Iceland
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$4.37
CN¥31.85
|
$17.84
kr2,458
|
|
|
Fast food combo meal
McDonalds, or similar
|
$5.82
CN¥42.47
|
$14.27
kr1,966
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$0.53
CN¥3.86
|
$2.32
kr319
|
|
| Bottle of water (11 fl. oz) |
$0.33
CN¥2.44
|
$2.12
kr293
|
|
pay 77.8% more for groceries
|
Beijing
|
Iceland
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$2.04
CN¥14.88
|
$3.42
kr472
|
|
| Local cheese (8 oz) |
$6.63
CN¥48.37
|
$5.98
kr824
|
|
| Milk (1 gallon) |
$7.67
CN¥55.94
|
$5.33
kr734
|
|
|
Eggs
1 dozen
|
$1.89
CN¥13.80
|
$5.66
kr780
|
|
| Boneless chicken breast (1 lb) |
$1.80
CN¥13.12
|
$7.09
kr977
|
|
| Apples (1 lb) |
$1.00
CN¥7.30
|
$1.16
kr160
|
|
| Bananas (1 lb) |
$0.92
CN¥6.73
|
$0.98
kr135
|
|
| Oranges (1 lb) |
$0.97
CN¥7.06
|
$1.17
kr161
|
|
| Tomatoes (1 lb) |
$0.70
CN¥5.11
|
$1.84
kr253
|
|
| Potatoes (1 lb) |
$0.43
CN¥3.11
|
$0.96
kr132
|
|
| Onions (1 lb) |
$0.48
CN¥3.53
|
$0.51
kr71
|
|
pay 2.3 times more for transportation
|
Beijing
|
Iceland
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$4.79
CN¥34.96
|
$8.03
kr1,107
|
|
| Monthly public transit pass |
$43.66
CN¥318.49
|
$77.40
kr10,664
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$24,196.95
CN¥176,497.41
|
$29,836.83
kr4,111,217
|
|
| Taxi trip in downtown area (5 miles) |
$5.53
CN¥40.34
|
$23.97
kr3,302
|
|
pay 94.8% more for housing
|
Beijing
|
Iceland
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$20.10
CN¥146.58
|
$62.40
kr8,598
|
|
| 1-Bedroom apartment in downtown area |
$1,154.95
CN¥8,424.41
|
$1,437.14
kr198,024
|
|
| 1-Bedroom apartment outside city center |
$634.84
CN¥4,630.62
|
$1,215.63
kr167,501
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$44.96
CN¥327.92
|
$68.63
kr9,456
|
|
pay 81.4% less for childcare
|
Beijing
|
Iceland
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$951.31
CN¥6,939.07
|
$259.34
kr35,735
|
|
| Middle school for 1 child, two semesters |
$27,770.10
CN¥202,560.64
|
$2,750.10
kr378,936
|
|
pay 2.3 times more for entertainment and sports
|
Beijing
|
Iceland
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$1.46
CN¥10.62
|
$8.52
kr1,174
|
|
| Cappuccino in mid-range area |
$4.37
CN¥31.91
|
$4.15
kr572
|
|
|
Pack of cigarettes
Marlboro or similar
|
$4.37
CN¥31.85
|
$10.64
kr1,465
|
|
| Monthly membership at local gym |
$58.33
CN¥425.45
|
$56.90
kr7,841
|
|
| Movie ticket to theater/cinema |
$10.12
CN¥73.78
|
$12.27
kr1,691
|
|
pay 48.8% more for clothing
|
Beijing
|
Iceland
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$69.18
CN¥504.59
|
$118.08
kr16,270
|
|
|
Regular dress
from H&M or similar store
|
$43.88
CN¥320.08
|
$50.39
kr6,943
|
|
|
Running shoes
Nike or Adidas
|
$89.48
CN¥652.68
|
$151.12
kr20,822
|
|
| Men's business shoes (leather) |
$124.62
CN¥909.03
|
$175.20
kr24,140
|
|
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