Cost of living comparison
Iceland is 3.5 times more expensive than Colombia.
If you lived in Iceland instead of Colombia, you would:
pay 4.4 times more for restaurants
Colombia
|
Iceland
|
||
---|---|---|---|
Basic meal with drink at inexpensive restaurant |
$2.71
$10,332
|
$17.84
kr2,506
|
|
Fast food combo meal
McDonalds, or similar
|
$5.26
$20,057
|
$14.27
kr2,005
|
|
Bottle of Coca-Cola (11 fl. oz) |
$0.60
$2,295
|
$2.32
kr326
|
|
Bottle of water (11 fl. oz) |
$0.46
$1,750
|
$2.12
kr298
|
|
pay 3.1 times more for groceries
Colombia
|
Iceland
|
||
---|---|---|---|
Bread
1 loaf
|
$0.87
$3,329
|
$3.42
kr481
|
|
Local cheese (8 oz) |
$1.61
$6,141
|
$5.98
kr841
|
|
Milk (1 gallon) |
$3.28
$12,496
|
$5.33
kr748
|
|
Eggs
1 dozen
|
$1.65
$6,296
|
$5.66
kr795
|
|
Boneless chicken breast (1 lb) |
$1.55
$5,932
|
$7.09
kr997
|
|
Apples (1 lb) |
$0.83
$3,171
|
$1.16
kr163
|
|
Bananas (1 lb) |
$0.29
$1,120
|
$0.98
kr138
|
|
Oranges (1 lb) |
$0.37
$1,402
|
$1.17
kr165
|
|
Tomatoes (1 lb) |
$0.40
$1,512
|
$1.84
kr258
|
|
Potatoes (1 lb) |
$0.30
$1,159
|
$0.96
kr134
|
|
Onions (1 lb) |
$0.33
$1,275
|
$0.51
kr72
|
|
pay 2.8 times more for transportation
Colombia
|
Iceland
|
||
---|---|---|---|
Gasoline (1 gallon) |
$2.04
$7,765
|
$8.03
kr1,129
|
|
Monthly public transit pass |
$23.61
$90,083
|
$77.40
kr10,876
|
|
New Volkswagen Golf 1.4 (standard edition) |
$14,617.95
$55,765,306
|
$29,836.83
kr4,192,672
|
|
Taxi trip in downtown area (5 miles) |
$11.28
$43,031
|
$23.97
kr3,368
|
|
pay 4.5 times more for housing
Colombia
|
Iceland
|
||
---|---|---|---|
Internet connection
50 mbps or faster, cable/dsl
|
$21.37
$81,539
|
$62.40
kr8,769
|
|
1-Bedroom apartment in downtown area |
$208.57
$795,660
|
$1,437.14
kr201,947
|
|
1-Bedroom apartment outside city center |
$176.18
$672,111
|
$1,215.63
kr170,820
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$46.64
$177,924
|
$68.63
kr9,644
|
|
pay 70.0% more for childcare
Colombia
|
Iceland
|
||
---|---|---|---|
Private preschool for 1 child, monthly |
$104.33
$398,021
|
$259.34
kr36,443
|
|
Middle school for 1 child, two semesters |
$3,004.13
$11,460,298
|
$2,750.10
kr386,444
|
|
pay 5.2 times more for entertainment and sports
Colombia
|
Iceland
|
||
---|---|---|---|
Domestic/local beer (1 pint) |
$0.90
$3,417
|
$8.52
kr1,198
|
|
Cappuccino in mid-range area |
$1.21
$4,599
|
$4.15
kr584
|
|
Pack of cigarettes
Marlboro or similar
|
$1.90
$7,237
|
$10.64
kr1,494
|
|
Monthly membership at local gym |
$18.34
$69,968
|
$56.90
kr7,996
|
|
Movie ticket to theater/cinema |
$2.91
$11,113
|
$12.27
kr1,725
|
|
pay 2.8 times more for clothing
Colombia
|
Iceland
|
||
---|---|---|---|
Regular jeans
Levi's brand
|
$40.50
$154,493
|
$118.08
kr16,592
|
|
Regular dress
from H&M or similar store
|
$27.32
$104,238
|
$50.39
kr7,081
|
|
Running shoes
Nike or Adidas
|
$60.30
$230,022
|
$151.12
kr21,235
|
|
Men's business shoes (leather) |
$45.16
$172,272
|
$175.20
kr24,619
|
|
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