Cost of living comparison
Ecuador is 38.7% cheaper than Iceland.
If you lived in Ecuador instead of Iceland, you would:
pay 69.6% less for restaurants
|
Iceland
|
Ecuador
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$17.84
kr2,453
|
$3.16
|
|
|
Fast food combo meal
McDonalds, or similar
|
$14.27
kr1,963
|
$6.40
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.32
kr319
|
$0.75
|
|
| Bottle of water (11 fl. oz) |
$2.12
kr292
|
$0.56
|
|
pay 49.3% less for groceries
|
Iceland
|
Ecuador
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$3.42
kr471
|
$1.73
|
|
| Local cheese (8 oz) |
$5.98
kr823
|
$2.35
|
|
| Milk (1 gallon) |
$5.33
kr732
|
$3.87
|
|
|
Eggs
1 dozen
|
$5.66
kr778
|
$1.84
|
|
| Boneless chicken breast (1 lb) |
$7.09
kr976
|
$2.37
|
|
| Apples (1 lb) |
$1.16
kr160
|
$0.80
|
|
| Bananas (1 lb) |
$0.98
kr135
|
$0.50
|
|
| Oranges (1 lb) |
$1.17
kr161
|
$0.57
|
|
| Tomatoes (1 lb) |
$1.84
kr253
|
$0.47
|
|
| Potatoes (1 lb) |
$0.96
kr132
|
$0.44
|
|
| Onions (1 lb) |
$0.51
kr70
|
$0.46
|
|
pay 52.1% less for transportation
|
Iceland
|
Ecuador
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$8.03
kr1,105
|
$2.51
|
|
| Monthly public transit pass |
$77.40
kr10,646
|
$17.22
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$29,836.83
kr4,104,056
|
$24,150.00
|
|
| Taxi trip in downtown area (5 miles) |
$23.97
kr3,297
|
$13.73
|
|
pay 60.8% less for housing
|
Iceland
|
Ecuador
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$62.40
kr8,583
|
$36.92
|
|
| 1-Bedroom apartment in downtown area |
$1,437.14
kr197,679
|
$339.15
|
|
| 1-Bedroom apartment outside city center |
$1,215.63
kr167,209
|
$251.11
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$68.63
kr9,440
|
$36.53
|
|
pay 54.1% more for childcare
|
Iceland
|
Ecuador
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$259.34
kr35,673
|
$214.58
|
|
| Middle school for 1 child, two semesters |
$2,750.10
kr378,276
|
$6,198.40
|
|
pay 51.5% less for entertainment and sports
|
Iceland
|
Ecuador
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$8.52
kr1,172
|
$1.93
|
|
| Cappuccino in mid-range area |
$4.15
kr571
|
$2.32
|
|
|
Pack of cigarettes
Marlboro or similar
|
$10.64
kr1,463
|
$5.40
|
|
| Monthly membership at local gym |
$56.90
kr7,827
|
$35.90
|
|
| Movie ticket to theater/cinema |
$12.27
kr1,688
|
$6.18
|
|
pay 41.4% less for clothing
|
Iceland
|
Ecuador
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$118.08
kr16,241
|
$54.02
|
|
|
Regular dress
from H&M or similar store
|
$50.39
kr6,931
|
$42.30
|
|
|
Running shoes
Nike or Adidas
|
$151.12
kr20,786
|
$91.53
|
|
| Men's business shoes (leather) |
$175.20
kr24,098
|
$77.33
|
|
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