Cost of living in Iceland
compared to
#2
Country Cost of Living Rank
Index: 143 (United States = 100)
Iceland Cost of Living Breakdown
Restaurants
|
Cost
|
Range | |
|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$26.52
ISK3,254
|
$16.40
$16.40
$43.74
$43.74
|
|
Fast food combo meal
McDonalds, or similar
|
$21.32
ISK2,616
|
$19.30
$19.30
$27.48
$27.48
|
| Bottle of Coca-Cola (11 fl. oz) |
$3.11
ISK382
|
$2.39
$2.39
$4.17
$4.17
|
| Bottle of water (11 fl. oz) |
$2.72
ISK334
|
$1.99
$1.99
$4.03
$4.03
|
Iceland - Cost of restaurants
Groceries
|
Cost
|
Range | |
|---|---|---|
|
Bread
1 loaf
|
$3.80
ISK467
|
$2.65
$2.65
$7.33
$7.33
|
| Local cheese (8 oz) |
$9.44
ISK1,158
|
$8.15
$8.15
$12.30
$12.30
|
| Milk (1 gallon) |
$7.78
ISK955
|
$6.43
$6.43
$11.02
$11.02
|
|
Eggs
1 dozen
|
$6.71
ISK823
|
$5.41
$5.41
$10.24
$10.24
|
| Boneless chicken breast (1 lb) |
$11.22
ISK1,377
|
$5.58
$5.58
$13.35
$13.35
|
| Apples (1 lb) |
$1.50
ISK184
|
$1.00
$1.00
$2.23
$2.23
|
| Bananas (1 lb) |
$1.15
ISK141
|
$0.93
$0.93
$2.05
$2.05
|
| Oranges (1 lb) |
$1.41
ISK174
|
$1.00
$1.00
$2.42
$2.42
|
| Tomatoes (1 lb) |
$2.34
ISK287
|
$1.71
$1.71
$3.53
$3.53
|
| Potatoes (1 lb) |
$1.65
ISK202
|
$1.23
$1.23
$2.19
$2.19
|
| Onions (1 lb) |
$1.09
ISK134
|
$0.65
$0.65
$2.05
$2.05
|
Iceland - Cost of groceries
Transportation
|
Cost
|
Range | |
|---|---|---|
| Gasoline (1 gallon) |
$9.65
ISK1,185
|
$9.11
$9.11
$10.52
$10.52
|
| Monthly public transit pass |
$79.56
ISK9,763
|
$85.30
$85.30
$91.86
$91.86
|
| New Volkswagen Golf 1.4 (standard edition) |
$49,144.25
ISK6,030,491
|
$50,771.00
$51K
$55,692.26
$56K
|
| Taxi trip in downtown area (5 miles) |
$25.55
ISK3,136
|
$23.46
$23.46
$37.99
$37.99
|
Iceland - Cost of transportation
Housing
|
Cost
|
Range | |
|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$95.65
ISK11,737
|
$57.41
$57.41
$123.03
$123.03
|
| 1-Bedroom apartment in downtown area |
$2,289.17
ISK280,904
|
$1,845.47
$2K
$2,337.60
$2K
|
| 1-Bedroom apartment outside city center |
$1,830.04
ISK224,565
|
$1,568.65
$2K
$2,112.04
$2K
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$65.15
ISK7,994
|
$47.04
$47.04
$150.53
$150.53
|
Iceland - Cost of housing
Childcare
|
Cost
|
Range | |
|---|---|---|
| Private preschool for 1 child, monthly |
$334.67
ISK41,067
|
$273.95
$273.95
$424.26
$424.26
|
| Middle school for 1 child, two semesters |
$30,711.08
ISK3,768,557
|
$30,711.08
$31K
$30,711.08
$31K
|
Iceland - Cost of childcare
Entertainment and Sports
|
Cost
|
Range | |
|---|---|---|
| Domestic/local beer (1 pint) |
$11.14
ISK1,367
|
$8.48
$8.48
$14.35
$14.35
|
| Cappuccino in mid-range area |
$5.62
ISK690
|
$3.83
$3.83
$7.45
$7.45
|
|
Pack of cigarettes
Marlboro or similar
|
$13.90
ISK1,705
|
$12.30
$12.30
$15.56
$15.56
|
| Monthly membership at local gym |
$78.17
ISK9,593
|
$64.80
$64.80
$123.03
$123.03
|
| Movie ticket to theater/cinema |
$16.75
ISK2,056
|
$14.01
$14.01
$19.69
$19.69
|
Iceland - Cost of entertainment and sports
Clothing
|
Cost
|
Range | |
|---|---|---|
|
Regular jeans
Levi's brand
|
$130.91
ISK16,063
|
$65.62
$65.62
$224.74
$224.74
|
|
Regular dress
from H&M or similar store
|
$61.83
ISK7,587
|
$32.81
$32.81
$123.03
$123.03
|
|
Running shoes
Nike or Adidas
|
$163.81
ISK20,102
|
$123.03
$123.03
$262.47
$262.47
|
| Men's business shoes (leather) |
$237.31
ISK29,120
|
$147.64
$147.64
$344.49
$344.49
|
Iceland - Cost of clothing
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