Cost of living comparison
compared to
Iceland vs. Ecuador Cost of Living Summary
Iceland is 3.4 times more expensive than Ecuador overall.
- Restaurants
-
pay 4.6 times more in Iceland
- Groceries
-
pay 2.9 times more in Iceland
- Transportation
-
pay 2.8 times more in Iceland
- Housing
-
pay 4.5 times more in Iceland
- Childcare
-
pay 3.7 times more in Iceland
- Entertainment and Sports
-
pay 3.0 times more in Iceland
- Clothing
-
pay 2.2 times more in Iceland
The cost of restaurants, housing, childcare, entertainment and sports, groceries, and transportation in Iceland are more expensive than in Ecuador. Notably, restaurants, housing, and childcare are significantly more expensive in Iceland.
Iceland vs. Ecuador Cost Breakdown
If you lived in Iceland instead of Ecuador, you would:
pay 4.6 times more for restaurants
|
Ecuador
|
Iceland
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$3.56
|
$26.52
ISK3,354
|
|
|
Fast food combo meal
McDonalds, or similar
|
$6.93
|
$21.32
ISK2,696
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$0.91
|
$3.11
ISK393
|
|
| Bottle of water (11 fl. oz) |
$0.63
|
$2.72
ISK344
|
|
Ecuador vs. Iceland - Cost of restaurants
pay 2.9 times more for groceries
|
Ecuador
|
Iceland
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$1.62
|
$3.80
ISK481
|
|
| Local cheese (8 oz) |
$3.11
|
$9.44
ISK1,194
|
|
| Milk (1 gallon) |
$4.00
|
$7.78
ISK984
|
|
|
Eggs
1 dozen
|
$2.28
|
$6.71
ISK848
|
|
| Boneless chicken breast (1 lb) |
$2.55
|
$11.22
ISK1,419
|
|
| Apples (1 lb) |
$0.83
|
$1.50
ISK189
|
|
| Bananas (1 lb) |
$0.49
|
$1.15
ISK145
|
|
| Oranges (1 lb) |
$0.52
|
$1.41
ISK179
|
|
| Tomatoes (1 lb) |
$0.51
|
$2.34
ISK296
|
|
| Potatoes (1 lb) |
$0.57
|
$1.65
ISK208
|
|
| Onions (1 lb) |
$0.46
|
$1.09
ISK138
|
|
Ecuador vs. Iceland - Cost of groceries
pay 2.8 times more for transportation
|
Ecuador
|
Iceland
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$2.52
|
$9.65
ISK1,221
|
|
| Monthly public transit pass |
$26.64
|
$79.56
ISK10,063
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$23,000.00
|
$49,144.25
ISK6,215,764
|
|
| Taxi trip in downtown area (5 miles) |
$10.89
|
$25.55
ISK3,232
|
|
Ecuador vs. Iceland - Cost of transportation
pay 4.5 times more for housing
|
Ecuador
|
Iceland
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$29.34
|
$95.65
ISK12,097
|
|
| 1-Bedroom apartment in downtown area |
$360.30
|
$2,289.17
ISK289,534
|
|
| 1-Bedroom apartment outside city center |
$278.34
|
$1,830.04
ISK231,464
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$38.16
|
$65.15
ISK8,240
|
|
Ecuador vs. Iceland - Cost of housing
pay 3.7 times more for childcare
|
Ecuador
|
Iceland
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$233.05
|
$334.67
ISK42,328
|
|
| Middle school for 1 child, two semesters |
$5,103.33
|
$30,711.08
ISK3,884,338
|
|
Ecuador vs. Iceland - Cost of childcare
pay 3.0 times more for entertainment and sports
|
Ecuador
|
Iceland
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$2.01
|
$11.14
ISK1,409
|
|
| Cappuccino in mid-range area |
$2.43
|
$5.62
ISK711
|
|
|
Pack of cigarettes
Marlboro or similar
|
$5.75
|
$13.90
ISK1,758
|
|
| Monthly membership at local gym |
$32.69
|
$78.17
ISK9,887
|
|
| Movie ticket to theater/cinema |
$6.67
|
$16.75
ISK2,119
|
|
Ecuador vs. Iceland - Cost of entertainment and sports
pay 2.2 times more for clothing
|
Ecuador
|
Iceland
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$55.39
|
$130.91
ISK16,557
|
|
|
Regular dress
from H&M or similar store
|
$42.48
|
$61.83
ISK7,820
|
|
|
Running shoes
Nike or Adidas
|
$97.41
|
$163.81
ISK20,719
|
|
| Men's business shoes (leather) |
$76.05
|
$237.31
ISK30,015
|
|
Ecuador 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: January 2026
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