Cost of living comparison
Iceland is 3.1 times more expensive than China.
If you lived in Iceland instead of China, you would:
pay 5.4 times more for restaurants
|
China
|
Iceland
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$3.04
CN¥21.58
|
$19.51
ISK2,678
|
|
|
Fast food combo meal
McDonalds, or similar
|
$5.19
CN¥36.84
|
$16.45
ISK2,257
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$0.49
CN¥3.46
|
$2.70
ISK371
|
|
| Bottle of water (11 fl. oz) |
$0.30
CN¥2.11
|
$1.95
ISK268
|
|
pay 2.3 times more for groceries
|
China
|
Iceland
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$1.65
CN¥11.67
|
$3.16
ISK433
|
|
| Local cheese (8 oz) |
$5.98
CN¥42.43
|
$6.72
ISK922
|
|
| Milk (1 gallon) |
$7.16
CN¥50.80
|
$6.27
ISK861
|
|
|
Eggs
1 dozen
|
$1.65
CN¥11.70
|
$6.03
ISK828
|
|
| Boneless chicken breast (1 lb) |
$1.58
CN¥11.18
|
$7.60
ISK1,043
|
|
| Apples (1 lb) |
$0.76
CN¥5.41
|
$1.13
ISK155
|
|
| Bananas (1 lb) |
$0.58
CN¥4.08
|
$1.01
ISK138
|
|
| Oranges (1 lb) |
$0.66
CN¥4.69
|
$1.15
ISK158
|
|
| Tomatoes (1 lb) |
$0.53
CN¥3.74
|
$1.71
ISK235
|
|
| Potatoes (1 lb) |
$0.33
CN¥2.33
|
$1.13
ISK155
|
|
| Onions (1 lb) |
$0.41
CN¥2.90
|
$0.68
ISK94
|
|
pay 3.2 times more for transportation
|
China
|
Iceland
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$4.45
CN¥31.54
|
$8.42
ISK1,156
|
|
| Monthly public transit pass |
$22.24
CN¥157.77
|
$68.29
ISK9,373
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$19,593.81
CN¥138,988.71
|
$39,714.69
ISK5,450,444
|
|
| Taxi trip in downtown area (5 miles) |
$3.91
CN¥27.73
|
$23.23
ISK3,188
|
|
pay 4.7 times more for housing
|
China
|
Iceland
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$12.06
CN¥85.55
|
$74.47
ISK10,221
|
|
| 1-Bedroom apartment in downtown area |
$335.80
CN¥2,381.99
|
$1,518.94
ISK208,459
|
|
| 1-Bedroom apartment outside city center |
$208.96
CN¥1,482.28
|
$1,325.48
ISK181,909
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$39.78
CN¥282.17
|
$66.99
ISK9,194
|
|
pay 57.0% less for childcare
|
China
|
Iceland
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$483.22
CN¥3,427.71
|
$254.97
ISK34,992
|
|
| Middle school for 1 child, two semesters |
$18,043.44
CN¥127,991.11
|
$5,993.83
ISK822,593
|
|
pay 3.5 times more for entertainment and sports
|
China
|
Iceland
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$1.08
CN¥7.65
|
$9.37
ISK1,287
|
|
| Cappuccino in mid-range area |
$3.20
CN¥22.73
|
$4.61
ISK633
|
|
|
Pack of cigarettes
Marlboro or similar
|
$3.22
CN¥22.82
|
$11.22
ISK1,539
|
|
| Monthly membership at local gym |
$42.07
CN¥298.41
|
$60.00
ISK8,235
|
|
| Movie ticket to theater/cinema |
$6.01
CN¥42.62
|
$13.94
ISK1,913
|
|
pay 2.1 times more for clothing
|
China
|
Iceland
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$48.74
CN¥345.76
|
$108.23
ISK14,854
|
|
|
Regular dress
from H&M or similar store
|
$31.37
CN¥222.51
|
$59.73
ISK8,198
|
|
|
Running shoes
Nike or Adidas
|
$73.58
CN¥521.96
|
$146.94
ISK20,166
|
|
| Men's business shoes (leather) |
$76.83
CN¥544.97
|
$169.24
ISK23,226
|
|
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