Cost of living comparison
compared to
Iceland vs. Belize Cost of Living Summary
Iceland is 5.6 times more expensive than Belize overall.
- Restaurants
-
pay 2.4 times more in Iceland
- Groceries
-
pay 60.6% more in Iceland
- Transportation
-
pay 2.7 times more in Iceland
- Housing
-
pay 2.1 times more in Iceland
- Childcare
-
pay 25.4 times more in Iceland
- Entertainment and Sports
-
pay 2.6 times more in Iceland
- Clothing
-
pay 2.5 times more in Iceland
The cost of childcare, transportation, entertainment and sports, clothing, restaurants, and housing in Iceland are more expensive than in Belize. Notably, childcare, transportation, and entertainment and sports are significantly more expensive in Iceland.
Iceland vs. Belize Cost Breakdown
If you lived in Iceland instead of Belize, you would:
pay 2.4 times more for restaurants
|
Belize
|
Iceland
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$9.36
BZD18.77
|
$26.52
ISK3,394
|
|
|
Fast food combo meal
McDonalds, or similar
|
$9.75
BZD19.55
|
$21.32
ISK2,728
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$1.29
BZD2.59
|
$3.11
ISK398
|
|
| Bottle of water (11 fl. oz) |
$1.15
BZD2.32
|
$2.72
ISK348
|
|
Belize vs. Iceland - Cost of restaurants
pay 60.6% more for groceries
|
Belize
|
Iceland
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$2.00
BZD4.01
|
$3.80
ISK487
|
|
| Local cheese (8 oz) |
$7.77
BZD15.58
|
$9.44
ISK1,208
|
|
| Milk (1 gallon) |
$13.68
BZD27.43
|
$7.78
ISK996
|
|
|
Eggs
1 dozen
|
$2.35
BZD4.72
|
$6.71
ISK859
|
|
| Boneless chicken breast (1 lb) |
$3.30
BZD6.62
|
$11.22
ISK1,436
|
|
| Apples (1 lb) |
$2.62
BZD5.26
|
$1.50
ISK191
|
|
| Bananas (1 lb) |
$0.57
BZD1.14
|
$1.15
ISK147
|
|
| Oranges (1 lb) |
$0.73
BZD1.47
|
$1.41
ISK181
|
|
| Tomatoes (1 lb) |
$2.00
BZD4.00
|
$2.34
ISK300
|
|
| Potatoes (1 lb) |
$1.41
BZD2.83
|
$1.65
ISK211
|
|
| Onions (1 lb) |
$1.26
BZD2.52
|
$1.09
ISK140
|
|
Belize vs. Iceland - Cost of groceries
pay 2.7 times more for transportation
|
Belize
|
Iceland
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$6.61
BZD13.25
|
$9.65
ISK1,235
|
|
| Monthly public transit pass |
$20.00
BZD40.11
|
$79.56
ISK10,182
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$10,514.56
BZD21,087.14
|
$49,144.25
ISK6,289,481
|
|
| Taxi trip in downtown area (5 miles) |
$31.59
BZD63.35
|
$25.55
ISK3,270
|
|
Belize vs. Iceland - Cost of transportation
pay 2.1 times more for housing
|
Belize
|
Iceland
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$74.90
BZD150.22
|
$95.65
ISK12,241
|
|
| 1-Bedroom apartment in downtown area |
$684.11
BZD1,372.00
|
$2,289.17
ISK292,968
|
|
| 1-Bedroom apartment outside city center |
$547.15
BZD1,097.32
|
$1,830.04
ISK234,209
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$120.58
BZD241.82
|
$65.15
ISK8,338
|
|
Belize vs. Iceland - Cost of housing
pay 25.4 times more for childcare
|
Belize
|
Iceland
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$64.52
BZD129.39
|
$334.67
ISK42,830
|
|
| Middle school for 1 child, two semesters |
$674.20
BZD1,352.11
|
$30,711.08
ISK3,930,404
|
|
Belize vs. Iceland - Cost of childcare
pay 2.6 times more for entertainment and sports
|
Belize
|
Iceland
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$2.66
BZD5.33
|
$11.14
ISK1,426
|
|
| Cappuccino in mid-range area |
$3.60
BZD7.23
|
$5.62
ISK720
|
|
|
Pack of cigarettes
Marlboro or similar
|
$5.00
BZD10.03
|
$13.90
ISK1,778
|
|
| Monthly membership at local gym |
$32.91
BZD66.00
|
$78.17
ISK10,004
|
|
| Movie ticket to theater/cinema |
$8.42
BZD16.88
|
$16.75
ISK2,144
|
|
Belize vs. Iceland - Cost of entertainment and sports
pay 2.5 times more for clothing
|
Belize
|
Iceland
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$37.45
BZD75.11
|
$130.91
ISK16,753
|
|
|
Regular dress
from H&M or similar store
|
$27.42
BZD54.99
|
$61.83
ISK7,913
|
|
|
Running shoes
Nike or Adidas
|
$91.13
BZD182.77
|
$163.81
ISK20,965
|
|
| Men's business shoes (leather) |
$89.59
BZD179.68
|
$237.31
ISK30,371
|
|
Belize vs. Iceland - Cost of clothing
The statistics used to build this comparison are calculated using data from users just like you.
We average the price of thousands of data points entered by users across the world.
Learn more about our data sources. Page last updated: December 2025
Change currency:
Help us improve these prices
MyLifeElsewhere is a collaborative project. Please enter price information for your location to help assist us in making these comparisons more accurate.
Learn more
ASK THE ELSEWHERE COMMUNITY
Join the Elsewhere community and ask a question about Iceland or Belize. It's a free, question-and-answer based forum to discuss what life is like in countries and cities around the world.