Cost of living comparison
Iceland is 2.7 times more expensive than Ecuador.
If you lived in Iceland instead of Ecuador, you would:
pay 4.0 times more for restaurants
|
Ecuador
|
Iceland
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$3.00
|
$16.49
kr1,731
|
|
|
Fast food combo meal
McDonalds, or similar
|
$5.26
|
$14.47
kr1,519
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$0.72
|
$2.69
kr282
|
|
| Bottle of water (11 fl. oz) |
$0.51
|
$1.95
kr205
|
|
pay 2.5 times more for groceries
|
Ecuador
|
Iceland
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$1.45
|
$3.22
kr338
|
|
| Local cheese (8 oz) |
$2.14
|
$6.33
kr664
|
|
| Milk (1 gallon) |
$3.74
|
$5.38
kr565
|
|
|
Eggs
1 dozen
|
$1.54
|
$5.97
kr626
|
|
| Boneless chicken breast (1 lb) |
$2.08
|
$7.48
kr785
|
|
| Apples (1 lb) |
$0.83
|
$1.06
kr111
|
|
| Bananas (1 lb) |
$0.46
|
$1.04
kr109
|
|
| Oranges (1 lb) |
$0.46
|
$1.10
kr116
|
|
| Tomatoes (1 lb) |
$0.50
|
$1.96
kr206
|
|
| Potatoes (1 lb) |
$0.42
|
$1.03
kr108
|
|
| Onions (1 lb) |
$0.48
|
$0.60
kr63
|
|
pay 3.1 times more for transportation
|
Ecuador
|
Iceland
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$2.07
|
$6.83
kr717
|
|
| Monthly public transit pass |
$17.82
|
$104.10
kr10,925
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$26,388.89
|
$29,559.70
kr3,102,290
|
|
| Taxi trip in downtown area (5 miles) |
$12.58
|
$25.44
kr2,670
|
|
pay 3.4 times more for housing
|
Ecuador
|
Iceland
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$37.29
|
$72.22
kr7,579
|
|
| 1-Bedroom apartment in downtown area |
$338.85
|
$1,433.87
kr150,485
|
|
| 1-Bedroom apartment outside city center |
$247.12
|
$1,196.44
kr125,566
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$30.91
|
$84.13
kr8,829
|
|
pay 7.1% more for childcare
|
Ecuador
|
Iceland
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$206.85
|
$308.46
kr32,373
|
|
| Middle school for 1 child, two semesters |
$5,276.89
|
$3,430.08
kr359,987
|
|
pay 2.6 times more for entertainment and sports
|
Ecuador
|
Iceland
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$1.93
|
$9.07
kr952
|
|
| Cappuccino in mid-range area |
$2.06
|
$4.60
kr483
|
|
|
Pack of cigarettes
Marlboro or similar
|
$5.00
|
$12.21
kr1,282
|
|
| Monthly membership at local gym |
$38.70
|
$60.00
kr6,297
|
|
| Movie ticket to theater/cinema |
$5.90
|
$13.09
kr1,374
|
|
pay 2.3 times more for clothing
|
Ecuador
|
Iceland
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$46.23
|
$126.70
kr13,297
|
|
|
Regular dress
from H&M or similar store
|
$39.40
|
$69.47
kr7,291
|
|
|
Running shoes
Nike or Adidas
|
$86.56
|
$175.47
kr18,416
|
|
| Men's business shoes (leather) |
$68.45
|
$188.88
kr19,823
|
|
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