Cost of Living Comparison

  1. Cost of Living
  2. Hong Kong
  3. Iceland
  4. Comparison
HKD
COMPARED TO
ISK

Iceland is 5.1% more expensive than Hong Kong.

If you lived in Iceland instead of Hong Kong, you would:
local_dining

pay 95.5% more for restaurants

  Hong Kong help_outline Iceland help_outline  
Basic meal with drink at inexpensive restaurant $7.09
HK$55.39
$14.34
kr1,505
+102.2%
Fast food combo meal
McDonalds, or similar
 $4.90
HK$38.27
$11.42
kr1,199
+133.0%
Bottle of Coca-Cola (11 fl. oz) $1.23
HK$9.57
$2.04
kr214
+66.0%
Bottle of water (11 fl. oz) $1.05
HK$8.18
$1.89
kr199
+80.8%
Average +95.5%
Hong Kong vs. Iceland - Cost of restaurants
Improve prices · Change currency (USD)
local_grocery_store

pay 16.3% less for groceries

  Hong Kong help_outline Iceland help_outline  
Bread
1 loaf
 $2.17
HK$16.93
$2.42
kr254
+11.5%
Local cheese (8 oz) $11.49
HK$89.70
$5.86
kr615
-49.0%
Milk (1 gallon) $11.20
HK$87.45
$4.44
kr466
-60.4%
Eggs
1 dozen
 $3.12
HK$24.39
$4.41
kr462
+41.1%
Boneless chicken breast (1 lb) $4.85
HK$37.88
$6.36
kr668
+31.1%
Apples (1 lb) $1.75
HK$13.65
$0.99
kr104
-43.2%
Bananas (1 lb) $1.04
HK$8.14
$0.79
kr83
-24.4%
Oranges (1 lb) $1.66
HK$12.93
$0.90
kr95
-45.4%
Tomatoes (1 lb) $1.52
HK$11.88
$1.82
kr191
+19.6%
Potatoes (1 lb) $1.19
HK$9.29
$0.94
kr98
-21.3%
Onions (1 lb) $1.26
HK$9.87
$0.77
kr81
-39.0%
Average -16.3%
Hong Kong vs. Iceland - Cost of groceries
Improve prices · Change currency (USD)
drive_eta

pay 12.0% more for transportation

  Hong Kong help_outline Iceland help_outline  
Gasoline (1 gallon) $8.49
HK$66.30
$5.73
kr601
-32.6%
Monthly public transit pass $64.49
HK$503.52
$86.76
kr9,106
+34.5%
New Volkswagen Golf 1.4 (standard edition) $32,243.67
HK$251,747.60
$24,134.09
kr2,532,873
-25.2%
Taxi trip in downtown area (5 miles) $11.87
HK$92.65
$20.31
kr2,132
+71.2%
Average +12.0%
Hong Kong vs. Iceland - Cost of transportation
Improve prices · Change currency (USD)
home

pay 7.8% less for housing

  Hong Kong help_outline Iceland help_outline  
Internet connection
50 mbps or faster, cable/dsl
 $24.99
HK$195.08
$54.47
kr5,717
+118.0%
1-Bedroom apartment in downtown area $2,321.46
HK$18,125.13
$1,185.29
kr124,396
-48.9%
1-Bedroom apartment outside city center $1,603.79
HK$12,521.85
$993.19
kr104,236
-38.1%
Utilities for two (700 sq ft apartment)
including electric, gas, water, heating
 $151.99
HK$1,186.66
$57.62
kr6,047
-62.1%
Average -7.8%
Hong Kong vs. Iceland - Cost of housing
Improve prices · Change currency (USD)
child_care

pay 73.5% less for childcare

  Hong Kong help_outline Iceland help_outline  
Private preschool for 1 child, monthly $735.93
HK$5,745.92
$223.70
kr23,477
-69.6%
Middle school for 1 child, two semesters $18,711.93
HK$146,096.40
$4,200.86
kr440,880
-77.5%
Average -73.5%
Hong Kong vs. Iceland - Cost of childcare
Improve prices · Change currency (USD)
gamepad

pay 5.6% less for entertainment and sports

  Hong Kong help_outline Iceland help_outline  
Domestic/local beer (1 pint) $6.45
HK$50.35
$7.65
kr803
+18.6%
Cappuccino in mid-range area $4.74
HK$37.00
$3.83
kr402
-19.1%
Pack of cigarettes
Marlboro or similar
 $7.74
HK$60.42
$9.68
kr1,016
+25.1%
Monthly membership at local gym $80.66
HK$629.78
$49.80
kr5,227
-38.3%
Movie ticket to theater/cinema $12.90
HK$100.70
$11.02
kr1,157
-14.5%
Average -5.6%
Hong Kong vs. Iceland - Cost of entertainment and sports
Improve prices · Change currency (USD)
store

pay 31.6% more for clothing

  Hong Kong help_outline Iceland help_outline  
Regular jeans
Levi's brand
 $80.47
HK$628.30
$99.26
kr10,417
+23.3%
Regular dress
from H&M or similar store
 $36.16
HK$282.32
$52.22
kr5,481
+44.4%
Running shoes
Nike or Adidas
 $91.32
HK$713.00
$127.71
kr13,403
+39.8%
Men's business shoes (leather) $132.50
HK$1,034.50
$157.42
kr16,521
+18.8%
Average +31.6%
Hong Kong 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: July 2020
More cost of living comparisons
Hong Kong vs. Australia
Hong Kong vs. Ecuador
Hong Kong vs. French Polynesia
Iceland vs. Ireland
Iceland vs. Spain
Iceland vs. Italy
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 Hong Kong:
Select a city in Iceland:
For example, try comparing the cost of living in Hong Kong 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.