Cost of Living Comparison

  1. Cost of Living
  2. Ecuador
  3. Iceland
  4. Comparison
USD
COMPARED TO
ISK

Ecuador is 10.8% cheaper than Iceland.

If you lived in Iceland instead of Ecuador, you would:
local_dining

pay 3.2 times more for restaurants

  Ecuador help_outline Iceland help_outline  
Basic meal with drink at inexpensive restaurant $3.68 $16.02
kr1,681
+335.0%
Fast food combo meal
McDonalds, or similar
 $5.17 $12.24
kr1,285
+136.8%
Bottle of Coca-Cola (11 fl. oz) $0.68 $2.13
kr223
+212.0%
Bottle of water (11 fl. oz) $0.44 $1.73
kr181
+289.1%
Ecuador vs. Iceland - Cost of restaurants
Improve prices · Change currency (USD)
local_grocery_store

pay 2.3 times more for groceries

  Ecuador help_outline Iceland help_outline  
Bread
1 loaf
 $1.46 $2.69
kr283
+85.0%
Local cheese (8 oz) $2.53 $6.92
kr727
+173.1%
Milk (1 gallon) $3.56 $4.55
kr478
+27.8%
Eggs
1 dozen
 $1.74 $4.85
kr509
+178.8%
Boneless chicken breast (1 lb) $2.44 $7.38
kr775
+202.2%
Apples (1 lb) $0.90 $1.03
kr108
+13.7%
Bananas (1 lb) $0.48 $0.95
kr100
+97.7%
Oranges (1 lb) $0.60 $1.02
kr107
+68.8%
Tomatoes (1 lb) $0.58 $1.79
kr188
+209.2%
Potatoes (1 lb) $0.45 $0.97
kr102
+113.7%
Onions (1 lb) $0.51 $0.75
kr78
+46.3%
Ecuador vs. Iceland - Cost of groceries
Improve prices · Change currency (USD)
drive_eta

pay 1.9% less for transportation

  Ecuador help_outline Iceland help_outline  
Gasoline (1 gallon) $1.87 $6.31
kr662
+237.3%
Monthly public transit pass $13.93 $48.62
kr5,102
+248.9%
New Volkswagen Golf 1.4 (standard edition) $27,857.14 $27,290.40
kr2,864,127
-2.0%
Taxi trip in downtown area (5 miles) $11.69 $23.62
kr2,479
+102.1%
Ecuador vs. Iceland - Cost of transportation
Improve prices · Change currency (USD)
home

pay 3.3 times more for housing

  Ecuador help_outline Iceland help_outline  
Internet connection
50 mbps or faster, cable/dsl
 $38.11 $62.02
kr6,508
+62.7%
1-Bedroom apartment in downtown area $441.45 $1,337.39
kr140,359
+203.0%
1-Bedroom apartment outside city center $277.41 $1,140.16
kr119,660
+311.0%
Utilities for two (700 sq ft apartment)
including electric, gas, water, heating
 $36.95 $61.01
kr6,403
+65.1%
Ecuador vs. Iceland - Cost of housing
Improve prices · Change currency (USD)
child_care

pay 51.7% more for childcare

  Ecuador help_outline Iceland help_outline  
Private preschool for 1 child, monthly $290.26 $265.14
kr27,827
-8.7%
Middle school for 1 child, two semesters $4,504.99 $7,007.90
kr735,480
+55.6%
Ecuador vs. Iceland - Cost of childcare
Improve prices · Change currency (USD)
gamepad

pay 98.4% more for entertainment and sports

  Ecuador help_outline Iceland help_outline  
Domestic/local beer (1 pint) $1.36 $8.49
kr891
+525.6%
Cappuccino in mid-range area $1.87 $4.12
kr432
+120.6%
Pack of cigarettes
Marlboro or similar
 $5.27 $10.86
kr1,139
+105.9%
Monthly membership at local gym $33.84 $59.57
kr6,251
+76.0%
Movie ticket to theater/cinema $5.66 $12.20
kr1,280
+115.5%
Ecuador vs. Iceland - Cost of entertainment and sports
Improve prices · Change currency (USD)
store

pay 76.7% more for clothing

  Ecuador help_outline Iceland help_outline  
Regular jeans
Levi's brand
 $59.84 $112.60
kr11,817
+88.2%
Regular dress
from H&M or similar store
 $50.33 $63.99
kr6,716
+27.2%
Running shoes
Nike or Adidas
 $99.77 $154.19
kr16,182
+54.6%
Men's business shoes (leather) $82.86 $186.69
kr19,593
+125.3%
Ecuador vs. Iceland - Cost of clothing
Improve prices · Change currency (USD)
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 2020
More cost of living comparisons
Ecuador vs. Austria
Ecuador vs. Mexico
Ecuador vs. Algeria
Iceland vs. India
Iceland vs. Turkey
Iceland vs. Vietnam
Help us improve these prices
MyLifeElsewhere is a collaborative project. Please enter price information for your location (Ashburn, VA, United States) to help assist us in making these comparisons more accurate. Learn more
Contribute prices for Iceland
Narrow your comparison by city:
Select a city in Ecuador:
Select a city in Iceland:
For example, try comparing the cost of living in Quito vs. Reykjavik
question_answer HAVE A QUESTION? ASK THE COMMUNITY
Join the Elsewhere community and ask a question about Iceland. It's a free, question-and-answer based forum to discuss what life is like in countries and cities around the world.