Cost of living comparison
Ecuador is 49.1% cheaper than Iceland.
If you lived in Ecuador instead of Iceland, you would:
pay 69.8% less for restaurants
Iceland
|
Ecuador
|
||
---|---|---|---|
Basic meal with drink at inexpensive restaurant |
$19.51
ISK2,681
|
$3.45
|
|
Fast food combo meal
McDonalds, or similar
|
$16.45
ISK2,260
|
$6.27
|
|
Bottle of Coca-Cola (11 fl. oz) |
$2.70
ISK371
|
$0.92
|
|
Bottle of water (11 fl. oz) |
$1.95
ISK268
|
$0.60
|
|
pay 49.7% less for groceries
Iceland
|
Ecuador
|
||
---|---|---|---|
Bread
1 loaf
|
$3.16
ISK433
|
$1.65
|
|
Local cheese (8 oz) |
$6.72
ISK923
|
$2.79
|
|
Milk (1 gallon) |
$6.27
ISK862
|
$4.08
|
|
Eggs
1 dozen
|
$6.03
ISK828
|
$1.95
|
|
Boneless chicken breast (1 lb) |
$7.60
ISK1,044
|
$2.44
|
|
Apples (1 lb) |
$1.13
ISK155
|
$0.92
|
|
Bananas (1 lb) |
$1.01
ISK139
|
$0.50
|
|
Oranges (1 lb) |
$1.15
ISK159
|
$0.64
|
|
Tomatoes (1 lb) |
$1.71
ISK235
|
$0.52
|
|
Potatoes (1 lb) |
$1.13
ISK155
|
$0.50
|
|
Onions (1 lb) |
$0.68
ISK94
|
$0.47
|
|
pay 58.4% less for transportation
Iceland
|
Ecuador
|
||
---|---|---|---|
Gasoline (1 gallon) |
$8.42
ISK1,157
|
$2.48
|
|
Monthly public transit pass |
$68.29
ISK9,383
|
$17.66
|
|
New Volkswagen Golf 1.4 (standard edition) |
$39,714.69
ISK5,456,401
|
$22,909.09
|
|
Taxi trip in downtown area (5 miles) |
$23.23
ISK3,191
|
$12.40
|
|
pay 64.3% less for housing
Iceland
|
Ecuador
|
||
---|---|---|---|
Internet connection
50 mbps or faster, cable/dsl
|
$74.47
ISK10,232
|
$33.66
|
|
1-Bedroom apartment in downtown area |
$1,518.94
ISK208,687
|
$347.73
|
|
1-Bedroom apartment outside city center |
$1,325.48
ISK182,107
|
$270.55
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$66.99
ISK9,204
|
$36.41
|
|
pay 5.6% less for childcare
Iceland
|
Ecuador
|
||
---|---|---|---|
Private preschool for 1 child, monthly |
$254.97
ISK35,030
|
$219.10
|
|
Middle school for 1 child, two semesters |
$5,993.83
ISK823,492
|
$6,167.67
|
|
pay 54.5% less for entertainment and sports
Iceland
|
Ecuador
|
||
---|---|---|---|
Domestic/local beer (1 pint) |
$9.37
ISK1,288
|
$2.18
|
|
Cappuccino in mid-range area |
$4.61
ISK634
|
$2.34
|
|
Pack of cigarettes
Marlboro or similar
|
$11.22
ISK1,541
|
$5.88
|
|
Monthly membership at local gym |
$60.00
ISK8,244
|
$32.11
|
|
Movie ticket to theater/cinema |
$13.94
ISK1,915
|
$6.62
|
|
pay 41.1% less for clothing
Iceland
|
Ecuador
|
||
---|---|---|---|
Regular jeans
Levi's brand
|
$108.23
ISK14,870
|
$52.21
|
|
Regular dress
from H&M or similar store
|
$59.73
ISK8,207
|
$44.65
|
|
Running shoes
Nike or Adidas
|
$146.94
ISK20,188
|
$95.02
|
|
Men's business shoes (leather) |
$169.24
ISK23,252
|
$81.02
|
|
Change currency:
ASK THE ELSEWHERE COMMUNITY
Join the Elsewhere community and ask a question about Ecuador or Iceland. It's a free, question-and-answer based forum to discuss what life is like in countries and cities around the world.