Cost of living comparison
Iceland is 58.6% more expensive than Greece.
If you lived in Iceland instead of Greece, you would:
pay 86.7% more for restaurants
|
Greece
|
Iceland
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$12.71
€11.85
|
$17.84
kr2,483
|
|
|
Fast food combo meal
McDonalds, or similar
|
$8.10
€7.55
|
$14.27
kr1,986
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$1.99
€1.86
|
$2.32
kr323
|
|
| Bottle of water (11 fl. oz) |
$0.68
€0.63
|
$2.12
kr296
|
|
pay 63.9% more for groceries
|
Greece
|
Iceland
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$1.16
€1.08
|
$3.42
kr477
|
|
| Local cheese (8 oz) |
$4.97
€4.63
|
$5.98
kr833
|
|
| Milk (1 gallon) |
$5.63
€5.25
|
$5.33
kr741
|
|
|
Eggs
1 dozen
|
$3.81
€3.55
|
$5.66
kr788
|
|
| Boneless chicken breast (1 lb) |
$3.64
€3.39
|
$7.09
kr988
|
|
| Apples (1 lb) |
$0.86
€0.80
|
$1.16
kr162
|
|
| Bananas (1 lb) |
$0.86
€0.80
|
$0.98
kr137
|
|
| Oranges (1 lb) |
$0.62
€0.58
|
$1.17
kr163
|
|
| Tomatoes (1 lb) |
$0.83
€0.77
|
$1.84
kr256
|
|
| Potatoes (1 lb) |
$0.53
€0.49
|
$0.96
kr133
|
|
| Onions (1 lb) |
$0.48
€0.44
|
$0.51
kr71
|
|
pay 50.6% more for transportation
|
Greece
|
Iceland
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$8.80
€8.20
|
$8.03
kr1,118
|
|
| Monthly public transit pass |
$40.24
€37.50
|
$77.40
kr10,775
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$22,158.38
€20,648.29
|
$29,836.83
kr4,153,883
|
|
| Taxi trip in downtown area (5 miles) |
$13.03
€12.14
|
$23.97
kr3,337
|
|
pay 2.2 times more for housing
|
Greece
|
Iceland
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$34.83
€32.46
|
$62.40
kr8,688
|
|
| 1-Bedroom apartment in downtown area |
$429.23
€399.98
|
$1,437.14
kr200,079
|
|
| 1-Bedroom apartment outside city center |
$358.56
€334.12
|
$1,215.63
kr169,239
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$172.07
€160.34
|
$68.63
kr9,555
|
|
pay 41.5% less for childcare
|
Greece
|
Iceland
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$341.10
€317.86
|
$259.34
kr36,106
|
|
| Middle school for 1 child, two semesters |
$6,725.16
€6,266.84
|
$2,750.10
kr382,869
|
|
pay 61.1% more for entertainment and sports
|
Greece
|
Iceland
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$4.08
€3.81
|
$8.52
kr1,186
|
|
| Cappuccino in mid-range area |
$3.33
€3.10
|
$4.15
kr578
|
|
|
Pack of cigarettes
Marlboro or similar
|
$5.12
€4.77
|
$10.64
kr1,481
|
|
| Monthly membership at local gym |
$45.22
€42.14
|
$56.90
kr7,922
|
|
| Movie ticket to theater/cinema |
$8.85
€8.24
|
$12.27
kr1,709
|
|
pay 65.9% more for clothing
|
Greece
|
Iceland
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$76.36
€71.16
|
$118.08
kr16,438
|
|
|
Regular dress
from H&M or similar store
|
$36.41
€33.93
|
$50.39
kr7,015
|
|
|
Running shoes
Nike or Adidas
|
$77.82
€72.52
|
$151.12
kr21,039
|
|
| Men's business shoes (leather) |
$99.20
€92.44
|
$175.20
kr24,391
|
|
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