Cost of living comparison
Arkansas is 17.5% more expensive than Iceland.
If you lived in Arkansas instead of Iceland, you would:
pay 24.5% less for restaurants
Iceland
|
Arkansas
|
||
---|---|---|---|
Basic meal with drink at inexpensive restaurant |
$17.84
ISK2,504
|
$13.89
|
|
Fast food combo meal
McDonalds, or similar
|
$14.27
ISK2,003
|
$8.50
|
|
Bottle of Coca-Cola (11 fl. oz) |
$2.32
ISK325
|
$1.98
|
|
Bottle of water (11 fl. oz) |
$2.12
ISK298
|
$1.68
|
|
pay 3.0% less for groceries
Iceland
|
Arkansas
|
||
---|---|---|---|
Bread
1 loaf
|
$3.42
ISK481
|
$2.54
|
|
Local cheese (8 oz) |
$5.98
ISK840
|
$5.13
|
|
Milk (1 gallon) |
$5.33
ISK748
|
$3.65
|
|
Eggs
1 dozen
|
$5.66
ISK794
|
$3.17
|
|
Boneless chicken breast (1 lb) |
$7.09
ISK996
|
$3.93
|
|
Apples (1 lb) |
$1.16
ISK163
|
$1.77
|
|
Bananas (1 lb) |
$0.98
ISK138
|
$0.66
|
|
Oranges (1 lb) |
$1.17
ISK164
|
$1.63
|
|
Tomatoes (1 lb) |
$1.84
ISK258
|
$1.68
|
|
Potatoes (1 lb) |
$0.96
ISK134
|
$0.82
|
|
Onions (1 lb) |
$0.51
ISK72
|
$0.98
|
|
pay 44.7% less for transportation
Iceland
|
Arkansas
|
||
---|---|---|---|
Gasoline (1 gallon) |
$8.03
ISK1,128
|
$2.97
|
|
Monthly public transit pass |
$77.40
ISK10,866
|
$35.47
|
|
New Volkswagen Golf 1.4 (standard edition) |
$29,836.83
ISK4,189,091
|
$24,872.43
|
|
Taxi trip in downtown area (5 miles) |
$23.97
ISK3,365
|
$13.20
|
|
pay 7.9% more for housing
Iceland
|
Arkansas
|
||
---|---|---|---|
Internet connection
50 mbps or faster, cable/dsl
|
$62.40
ISK8,761
|
$66.54
|
|
1-Bedroom apartment in downtown area |
$1,437.14
ISK201,775
|
$884.30
|
|
1-Bedroom apartment outside city center |
$1,215.63
ISK170,674
|
$721.79
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$68.63
ISK9,636
|
$140.05
|
|
pay 3.5 times more for childcare
Iceland
|
Arkansas
|
||
---|---|---|---|
Private preschool for 1 child, monthly |
$259.34
ISK36,412
|
$887.22
|
|
Middle school for 1 child, two semesters |
$2,750.10
ISK386,114
|
$10,052.22
|
|
pay 22.9% less for entertainment and sports
Iceland
|
Arkansas
|
||
---|---|---|---|
Domestic/local beer (1 pint) |
$8.52
ISK1,196
|
$4.69
|
|
Cappuccino in mid-range area |
$4.15
ISK583
|
$4.29
|
|
Pack of cigarettes
Marlboro or similar
|
$10.64
ISK1,493
|
$7.02
|
|
Monthly membership at local gym |
$56.90
ISK7,989
|
$41.37
|
|
Movie ticket to theater/cinema |
$12.27
ISK1,723
|
$10.86
|
|
pay 44.0% less for clothing
Iceland
|
Arkansas
|
||
---|---|---|---|
Regular jeans
Levi's brand
|
$118.08
ISK16,578
|
$45.74
|
|
Regular dress
from H&M or similar store
|
$50.39
ISK7,075
|
$38.00
|
|
Running shoes
Nike or Adidas
|
$151.12
ISK21,217
|
$79.04
|
|
Men's business shoes (leather) |
$175.20
ISK24,598
|
$101.11
|
|
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