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¥31.42
|
$17.84
kr2,437
|
|
Fast food combo meal
McDonalds, or similar
|
$5.82
CN¥41.89
|
$14.27
kr1,949
|
|
Bottle of Coca-Cola (11 fl. oz) |
$0.53
CN¥3.81
|
$2.32
kr317
|
|
Bottle of water (11 fl. oz) |
$0.33
CN¥2.40
|
$2.12
kr290
|
|
pay 77.8% more for groceries
Beijing
|
Iceland
|
||
---|---|---|---|
Bread
1 loaf
|
$2.04
CN¥14.68
|
$3.42
kr468
|
|
Local cheese (8 oz) |
$6.63
CN¥47.72
|
$5.98
kr817
|
|
Milk (1 gallon) |
$7.67
CN¥55.19
|
$5.33
kr728
|
|
Eggs
1 dozen
|
$1.89
CN¥13.61
|
$5.66
kr773
|
|
Boneless chicken breast (1 lb) |
$1.80
CN¥12.95
|
$7.09
kr969
|
|
Apples (1 lb) |
$1.00
CN¥7.20
|
$1.16
kr159
|
|
Bananas (1 lb) |
$0.92
CN¥6.64
|
$0.98
kr134
|
|
Oranges (1 lb) |
$0.97
CN¥6.96
|
$1.17
kr160
|
|
Tomatoes (1 lb) |
$0.70
CN¥5.05
|
$1.84
kr251
|
|
Potatoes (1 lb) |
$0.43
CN¥3.07
|
$0.96
kr131
|
|
Onions (1 lb) |
$0.48
CN¥3.48
|
$0.51
kr70
|
|
pay 2.3 times more for transportation
Beijing
|
Iceland
|
||
---|---|---|---|
Gasoline (1 gallon) |
$4.79
CN¥34.49
|
$8.03
kr1,098
|
|
Monthly public transit pass |
$43.66
CN¥314.20
|
$77.40
kr10,573
|
|
New Volkswagen Golf 1.4 (standard edition) |
$24,196.95
CN¥174,118.85
|
$29,836.83
kr4,076,009
|
|
Taxi trip in downtown area (5 miles) |
$5.53
CN¥39.80
|
$23.97
kr3,274
|
|
pay 94.8% more for housing
Beijing
|
Iceland
|
||
---|---|---|---|
Internet connection
50 mbps or faster, cable/dsl
|
$20.10
CN¥144.61
|
$62.40
kr8,525
|
|
1-Bedroom apartment in downtown area |
$1,154.95
CN¥8,310.88
|
$1,437.14
kr196,328
|
|
1-Bedroom apartment outside city center |
$634.84
CN¥4,568.21
|
$1,215.63
kr166,067
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$44.96
CN¥323.50
|
$68.63
kr9,375
|
|
pay 81.4% less for childcare
Beijing
|
Iceland
|
||
---|---|---|---|
Private preschool for 1 child, monthly |
$951.31
CN¥6,845.56
|
$259.34
kr35,429
|
|
Middle school for 1 child, two semesters |
$27,770.10
CN¥199,830.84
|
$2,750.10
kr375,691
|
|
pay 2.3 times more for entertainment and sports
Beijing
|
Iceland
|
||
---|---|---|---|
Domestic/local beer (1 pint) |
$1.46
CN¥10.47
|
$8.52
kr1,164
|
|
Cappuccino in mid-range area |
$4.37
CN¥31.48
|
$4.15
kr567
|
|
Pack of cigarettes
Marlboro or similar
|
$4.37
CN¥31.42
|
$10.64
kr1,453
|
|
Monthly membership at local gym |
$58.33
CN¥419.72
|
$56.90
kr7,773
|
|
Movie ticket to theater/cinema |
$10.12
CN¥72.79
|
$12.27
kr1,677
|
|
pay 48.8% more for clothing
Beijing
|
Iceland
|
||
---|---|---|---|
Regular jeans
Levi's brand
|
$69.18
CN¥497.79
|
$118.08
kr16,130
|
|
Regular dress
from H&M or similar store
|
$43.88
CN¥315.77
|
$50.39
kr6,884
|
|
Running shoes
Nike or Adidas
|
$89.48
CN¥643.88
|
$151.12
kr20,644
|
|
Men's business shoes (leather) |
$124.62
CN¥896.78
|
$175.20
kr23,934
|
|
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