Cost of living comparison
Greece is 13.1% cheaper than Iceland.
If you lived in Greece instead of Iceland, you would:
pay 38.5% less for restaurants
|
Iceland
|
Greece
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$17.84
kr2,434
|
$12.71
€11.92
|
|
|
Fast food combo meal
McDonalds, or similar
|
$14.27
kr1,947
|
$8.10
€7.59
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.32
kr316
|
$1.99
€1.87
|
|
| Bottle of water (11 fl. oz) |
$2.12
kr290
|
$0.68
€0.63
|
|
pay 31.9% less for groceries
|
Iceland
|
Greece
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$3.42
kr467
|
$1.16
€1.09
|
|
| Local cheese (8 oz) |
$5.98
kr816
|
$4.97
€4.66
|
|
| Milk (1 gallon) |
$5.33
kr727
|
$5.63
€5.28
|
|
|
Eggs
1 dozen
|
$5.66
kr772
|
$3.81
€3.57
|
|
| Boneless chicken breast (1 lb) |
$7.09
kr968
|
$3.64
€3.41
|
|
| Apples (1 lb) |
$1.16
kr159
|
$0.86
€0.81
|
|
| Bananas (1 lb) |
$0.98
kr134
|
$0.86
€0.80
|
|
| Oranges (1 lb) |
$1.17
kr160
|
$0.62
€0.58
|
|
| Tomatoes (1 lb) |
$1.84
kr251
|
$0.83
€0.78
|
|
| Potatoes (1 lb) |
$0.96
kr131
|
$0.53
€0.50
|
|
| Onions (1 lb) |
$0.51
kr70
|
$0.48
€0.45
|
|
pay 27.4% less for transportation
|
Iceland
|
Greece
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$8.03
kr1,096
|
$8.80
€8.26
|
|
| Monthly public transit pass |
$77.40
kr10,562
|
$40.24
€37.74
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$29,836.83
kr4,071,534
|
$22,158.38
€20,779.02
|
|
| Taxi trip in downtown area (5 miles) |
$23.97
kr3,271
|
$13.03
€12.22
|
|
pay 8.5% less for housing
|
Iceland
|
Greece
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$62.40
kr8,515
|
$34.83
€32.67
|
|
| 1-Bedroom apartment in downtown area |
$1,437.14
kr196,112
|
$429.23
€402.51
|
|
| 1-Bedroom apartment outside city center |
$1,215.63
kr165,884
|
$358.56
€336.24
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$68.63
kr9,365
|
$172.07
€161.35
|
|
pay 88.0% more for childcare
|
Iceland
|
Greece
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$259.34
kr35,390
|
$341.10
€319.87
|
|
| Middle school for 1 child, two semesters |
$2,750.10
kr375,278
|
$6,725.16
€6,306.52
|
|
pay 34.4% less for entertainment and sports
|
Iceland
|
Greece
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$8.52
kr1,163
|
$4.08
€3.83
|
|
| Cappuccino in mid-range area |
$4.15
kr567
|
$3.33
€3.12
|
|
|
Pack of cigarettes
Marlboro or similar
|
$10.64
kr1,451
|
$5.12
€4.80
|
|
| Monthly membership at local gym |
$56.90
kr7,765
|
$45.22
€42.41
|
|
| Movie ticket to theater/cinema |
$12.27
kr1,675
|
$8.85
€8.30
|
|
pay 38.7% less for clothing
|
Iceland
|
Greece
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$118.08
kr16,113
|
$76.36
€71.61
|
|
|
Regular dress
from H&M or similar store
|
$50.39
kr6,876
|
$36.41
€34.15
|
|
|
Running shoes
Nike or Adidas
|
$151.12
kr20,621
|
$77.82
€72.97
|
|
| Men's business shoes (leather) |
$175.20
kr23,907
|
$99.20
€93.02
|
|
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