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¥22.11
|
$19.51
ISK2,708
|
|
Fast food combo meal
McDonalds, or similar
|
$5.19
CN¥37.74
|
$16.45
ISK2,283
|
|
Bottle of Coca-Cola (11 fl. oz) |
$0.49
CN¥3.54
|
$2.70
ISK375
|
|
Bottle of water (11 fl. oz) |
$0.30
CN¥2.16
|
$1.95
ISK271
|
|
pay 2.3 times more for groceries
China
|
Iceland
|
||
---|---|---|---|
Bread
1 loaf
|
$1.65
CN¥11.95
|
$3.16
ISK438
|
|
Local cheese (8 oz) |
$5.98
CN¥43.47
|
$6.72
ISK932
|
|
Milk (1 gallon) |
$7.16
CN¥52.04
|
$6.27
ISK870
|
|
Eggs
1 dozen
|
$1.65
CN¥11.99
|
$6.03
ISK837
|
|
Boneless chicken breast (1 lb) |
$1.58
CN¥11.45
|
$7.60
ISK1,055
|
|
Apples (1 lb) |
$0.76
CN¥5.54
|
$1.13
ISK156
|
|
Bananas (1 lb) |
$0.58
CN¥4.18
|
$1.01
ISK140
|
|
Oranges (1 lb) |
$0.66
CN¥4.81
|
$1.15
ISK160
|
|
Tomatoes (1 lb) |
$0.53
CN¥3.83
|
$1.71
ISK238
|
|
Potatoes (1 lb) |
$0.33
CN¥2.39
|
$1.13
ISK157
|
|
Onions (1 lb) |
$0.41
CN¥2.97
|
$0.68
ISK95
|
|
pay 3.2 times more for transportation
China
|
Iceland
|
||
---|---|---|---|
Gasoline (1 gallon) |
$4.45
CN¥32.32
|
$8.42
ISK1,169
|
|
Monthly public transit pass |
$22.24
CN¥161.64
|
$68.29
ISK9,478
|
|
New Volkswagen Golf 1.4 (standard edition) |
$19,593.81
CN¥142,394.11
|
$39,714.69
ISK5,511,605
|
|
Taxi trip in downtown area (5 miles) |
$3.91
CN¥28.41
|
$23.23
ISK3,224
|
|
pay 4.7 times more for housing
China
|
Iceland
|
||
---|---|---|---|
Internet connection
50 mbps or faster, cable/dsl
|
$12.06
CN¥87.64
|
$74.47
ISK10,335
|
|
1-Bedroom apartment in downtown area |
$335.80
CN¥2,440.36
|
$1,518.94
ISK210,798
|
|
1-Bedroom apartment outside city center |
$208.96
CN¥1,518.60
|
$1,325.48
ISK183,950
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$39.78
CN¥289.08
|
$66.99
ISK9,297
|
|
pay 57.0% less for childcare
China
|
Iceland
|
||
---|---|---|---|
Private preschool for 1 child, monthly |
$483.22
CN¥3,511.70
|
$254.97
ISK35,384
|
|
Middle school for 1 child, two semesters |
$18,043.44
CN¥131,127.06
|
$5,993.83
ISK831,823
|
|
pay 3.5 times more for entertainment and sports
China
|
Iceland
|
||
---|---|---|---|
Domestic/local beer (1 pint) |
$1.08
CN¥7.84
|
$9.37
ISK1,301
|
|
Cappuccino in mid-range area |
$3.20
CN¥23.28
|
$4.61
ISK640
|
|
Pack of cigarettes
Marlboro or similar
|
$3.22
CN¥23.38
|
$11.22
ISK1,557
|
|
Monthly membership at local gym |
$42.07
CN¥305.72
|
$60.00
ISK8,327
|
|
Movie ticket to theater/cinema |
$6.01
CN¥43.66
|
$13.94
ISK1,935
|
|
pay 2.1 times more for clothing
China
|
Iceland
|
||
---|---|---|---|
Regular jeans
Levi's brand
|
$48.74
CN¥354.24
|
$108.23
ISK15,020
|
|
Regular dress
from H&M or similar store
|
$31.37
CN¥227.96
|
$59.73
ISK8,290
|
|
Running shoes
Nike or Adidas
|
$73.58
CN¥534.75
|
$146.94
ISK20,392
|
|
Men's business shoes (leather) |
$76.83
CN¥558.32
|
$169.24
ISK23,487
|
|
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