Cost of living comparison
Iceland is 2.6 times more expensive than Ethiopia.
If you lived in Iceland instead of Ethiopia, you would:
pay 3.1 times more for restaurants
Ethiopia
|
Iceland
|
||
---|---|---|---|
Basic meal with drink at inexpensive restaurant |
$7.13
ETB844.44
|
$19.51
ISK2,681
|
|
Fast food combo meal
McDonalds, or similar
|
$6.24
ETB738.88
|
$16.45
ISK2,260
|
|
Bottle of Coca-Cola (11 fl. oz) |
$0.82
ETB96.62
|
$2.70
ISK371
|
|
Bottle of water (11 fl. oz) |
$0.53
ETB63.17
|
$1.95
ISK268
|
|
pay 98.8% more for groceries
Ethiopia
|
Iceland
|
||
---|---|---|---|
Bread
1 loaf
|
$1.09
ETB128.92
|
$3.16
ISK433
|
|
Local cheese (8 oz) |
$4.56
ETB540.20
|
$6.72
ISK923
|
|
Milk (1 gallon) |
$5.68
ETB673.56
|
$6.27
ISK862
|
|
Eggs
1 dozen
|
$2.58
ETB305.20
|
$6.03
ISK828
|
|
Boneless chicken breast (1 lb) |
$6.17
ETB730.77
|
$7.60
ISK1,044
|
|
Apples (1 lb) |
$2.95
ETB349.40
|
$1.13
ISK155
|
|
Bananas (1 lb) |
$0.49
ETB57.82
|
$1.01
ISK139
|
|
Oranges (1 lb) |
$1.10
ETB129.78
|
$1.15
ISK159
|
|
Tomatoes (1 lb) |
$0.39
ETB45.65
|
$1.71
ISK235
|
|
Potatoes (1 lb) |
$0.29
ETB33.79
|
$1.13
ISK155
|
|
Onions (1 lb) |
$0.76
ETB90.12
|
$0.68
ISK94
|
|
pay 4.0 times more for transportation
Ethiopia
|
Iceland
|
||
---|---|---|---|
Gasoline (1 gallon) |
$4.65
ETB550.62
|
$8.42
ISK1,157
|
|
Monthly public transit pass |
$10.00
ETB1,185.00
|
$68.29
ISK9,383
|
|
New Volkswagen Golf 1.4 (standard edition) |
$25,500.00
ETB3,021,750.00
|
$39,714.69
ISK5,456,401
|
|
Taxi trip in downtown area (5 miles) |
$3.88
ETB459.61
|
$23.23
ISK3,191
|
|
pay 79.9% more for housing
Ethiopia
|
Iceland
|
||
---|---|---|---|
Internet connection
50 mbps or faster, cable/dsl
|
$152.46
ETB18,066.47
|
$74.47
ISK10,232
|
|
1-Bedroom apartment in downtown area |
$621.38
ETB73,634.08
|
$1,518.94
ISK208,687
|
|
1-Bedroom apartment outside city center |
$355.45
ETB42,121.36
|
$1,325.48
ISK182,107
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$124.84
ETB14,793.33
|
$66.99
ISK9,204
|
|
pay 60.0% more for childcare
Ethiopia
|
Iceland
|
||
---|---|---|---|
Private preschool for 1 child, monthly |
$83.24
ETB9,864.07
|
$254.97
ISK35,030
|
|
Middle school for 1 child, two semesters |
$43,916.67
ETB5,204,125.00
|
$5,993.83
ISK823,492
|
|
pay 4.0 times more for entertainment and sports
Ethiopia
|
Iceland
|
||
---|---|---|---|
Domestic/local beer (1 pint) |
$1.00
ETB118.50
|
$9.37
ISK1,288
|
|
Cappuccino in mid-range area |
$1.11
ETB131.04
|
$4.61
ISK634
|
|
Pack of cigarettes
Marlboro or similar
|
$4.00
ETB474.00
|
$11.22
ISK1,541
|
|
Monthly membership at local gym |
$80.77
ETB9,571.57
|
$60.00
ISK8,244
|
|
Movie ticket to theater/cinema |
$5.00
ETB592.50
|
$13.94
ISK1,915
|
|
pay 76.3% more for clothing
Ethiopia
|
Iceland
|
||
---|---|---|---|
Regular jeans
Levi's brand
|
$40.11
ETB4,753.17
|
$108.23
ISK14,870
|
|
Regular dress
from H&M or similar store
|
$57.34
ETB6,794.49
|
$59.73
ISK8,207
|
|
Running shoes
Nike or Adidas
|
$92.44
ETB10,954.67
|
$146.94
ISK20,188
|
|
Men's business shoes (leather) |
$98.33
ETB11,652.50
|
$169.24
ISK23,252
|
|
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