Cost of living comparison
Iceland is 2.4 times more expensive than Ecuador.
If you lived in Iceland instead of Ecuador, you would:
pay 3.4 times more for restaurants
|
Ecuador
|
Iceland
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$3.03
|
$15.00
kr2,051
|
|
|
Fast food combo meal
McDonalds, or similar
|
$5.83
|
$12.33
kr1,686
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$0.74
|
$2.20
kr301
|
|
| Bottle of water (11 fl. oz) |
$0.55
|
$2.00
kr274
|
|
pay 2.4 times more for groceries
|
Ecuador
|
Iceland
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$1.46
|
$3.14
kr430
|
|
| Local cheese (8 oz) |
$2.33
|
$5.86
kr801
|
|
| Milk (1 gallon) |
$3.74
|
$5.16
kr706
|
|
|
Eggs
1 dozen
|
$1.67
|
$5.51
kr754
|
|
| Boneless chicken breast (1 lb) |
$2.28
|
$7.10
kr971
|
|
| Apples (1 lb) |
$0.77
|
$1.19
kr163
|
|
| Bananas (1 lb) |
$0.43
|
$1.08
kr148
|
|
| Oranges (1 lb) |
$0.47
|
$1.13
kr155
|
|
| Tomatoes (1 lb) |
$0.44
|
$1.70
kr233
|
|
| Potatoes (1 lb) |
$0.39
|
$1.01
kr139
|
|
| Onions (1 lb) |
$0.43
|
$0.66
kr91
|
|
pay 2.7 times more for transportation
|
Ecuador
|
Iceland
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$2.36
|
$7.21
kr986
|
|
| Monthly public transit pass |
$16.79
|
$85.09
kr11,636
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$26,332.78
|
$27,857.83
kr3,809,558
|
|
| Taxi trip in downtown area (5 miles) |
$13.68
|
$21.37
kr2,922
|
|
pay 3.2 times more for housing
|
Ecuador
|
Iceland
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$38.33
|
$66.89
kr9,148
|
|
| 1-Bedroom apartment in downtown area |
$335.67
|
$1,349.42
kr184,533
|
|
| 1-Bedroom apartment outside city center |
$240.12
|
$1,143.63
kr156,391
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$33.83
|
$70.86
kr9,690
|
|
pay 11.2% less for childcare
|
Ecuador
|
Iceland
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$211.25
|
$277.52
kr37,951
|
|
| Middle school for 1 child, two semesters |
$6,127.01
|
$2,822.44
kr385,968
|
|
pay 2.4 times more for entertainment and sports
|
Ecuador
|
Iceland
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$1.94
|
$7.85
kr1,074
|
|
| Cappuccino in mid-range area |
$2.25
|
$4.10
kr561
|
|
|
Pack of cigarettes
Marlboro or similar
|
$5.07
|
$11.37
kr1,555
|
|
| Monthly membership at local gym |
$36.84
|
$63.31
kr8,658
|
|
| Movie ticket to theater/cinema |
$5.72
|
$11.69
kr1,599
|
|
pay 2.1 times more for clothing
|
Ecuador
|
Iceland
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$47.92
|
$117.41
kr16,056
|
|
|
Regular dress
from H&M or similar store
|
$39.97
|
$55.13
kr7,539
|
|
|
Running shoes
Nike or Adidas
|
$88.63
|
$156.49
kr21,401
|
|
| Men's business shoes (leather) |
$70.19
|
$191.54
kr26,193
|
|
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