Cost of living comparison
Italy is 11.0% cheaper than Iceland.
If you lived in Italy instead of Iceland, you would:
pay 25.7% less for restaurants
Iceland
|
Italy
|
||
---|---|---|---|
Basic meal with drink at inexpensive restaurant |
$19.51
ISK2,707
|
$15.81
€14.75
|
|
Fast food combo meal
McDonalds, or similar
|
$16.45
ISK2,282
|
$10.17
€9.49
|
|
Bottle of Coca-Cola (11 fl. oz) |
$2.70
ISK375
|
$2.51
€2.34
|
|
Bottle of water (11 fl. oz) |
$1.95
ISK271
|
$1.21
€1.13
|
|
pay 20.1% less for groceries
Iceland
|
Italy
|
||
---|---|---|---|
Bread
1 loaf
|
$3.16
ISK438
|
$2.05
€1.92
|
|
Local cheese (8 oz) |
$6.72
ISK932
|
$6.81
€6.36
|
|
Milk (1 gallon) |
$6.27
ISK870
|
$5.59
€5.21
|
|
Eggs
1 dozen
|
$6.03
ISK837
|
$3.41
€3.18
|
|
Boneless chicken breast (1 lb) |
$7.60
ISK1,055
|
$5.01
€4.68
|
|
Apples (1 lb) |
$1.13
ISK156
|
$0.96
€0.89
|
|
Bananas (1 lb) |
$1.01
ISK140
|
$0.86
€0.80
|
|
Oranges (1 lb) |
$1.15
ISK160
|
$1.00
€0.93
|
|
Tomatoes (1 lb) |
$1.71
ISK238
|
$1.28
€1.19
|
|
Potatoes (1 lb) |
$1.13
ISK157
|
$0.76
€0.71
|
|
Onions (1 lb) |
$0.68
ISK95
|
$0.70
€0.65
|
|
pay 26.2% less for transportation
Iceland
|
Italy
|
||
---|---|---|---|
Gasoline (1 gallon) |
$8.42
ISK1,168
|
$7.33
€6.84
|
|
Monthly public transit pass |
$68.29
ISK9,475
|
$38.24
€35.67
|
|
New Volkswagen Golf 1.4 (standard edition) |
$39,714.69
ISK5,510,016
|
$26,985.59
€25,176.64
|
|
Taxi trip in downtown area (5 miles) |
$23.23
ISK3,223
|
$19.55
€18.24
|
|
pay 10.2% less for housing
Iceland
|
Italy
|
||
---|---|---|---|
Internet connection
50 mbps or faster, cable/dsl
|
$74.47
ISK10,332
|
$29.86
€27.86
|
|
1-Bedroom apartment in downtown area |
$1,518.94
ISK210,738
|
$660.64
€616.35
|
|
1-Bedroom apartment outside city center |
$1,325.48
ISK183,897
|
$504.89
€471.04
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$66.99
ISK9,294
|
$158.99
€148.33
|
|
pay 82.0% more for childcare
Iceland
|
Italy
|
||
---|---|---|---|
Private preschool for 1 child, monthly |
$254.97
ISK35,374
|
$519.28
€484.47
|
|
Middle school for 1 child, two semesters |
$5,993.83
ISK831,583
|
$9,615.09
€8,970.55
|
|
pay 40.1% less for entertainment and sports
Iceland
|
Italy
|
||
---|---|---|---|
Domestic/local beer (1 pint) |
$9.37
ISK1,301
|
$4.97
€4.63
|
|
Cappuccino in mid-range area |
$4.61
ISK640
|
$1.67
€1.56
|
|
Pack of cigarettes
Marlboro or similar
|
$11.22
ISK1,556
|
$6.16
€5.75
|
|
Monthly membership at local gym |
$60.00
ISK8,325
|
$52.41
€48.90
|
|
Movie ticket to theater/cinema |
$13.94
ISK1,934
|
$9.51
€8.87
|
|
pay 36.6% less for clothing
Iceland
|
Italy
|
||
---|---|---|---|
Regular jeans
Levi's brand
|
$108.23
ISK15,016
|
$76.74
€71.60
|
|
Regular dress
from H&M or similar store
|
$59.73
ISK8,287
|
$34.05
€31.77
|
|
Running shoes
Nike or Adidas
|
$146.94
ISK20,387
|
$84.06
€78.42
|
|
Men's business shoes (leather) |
$169.24
ISK23,480
|
$115.51
€107.77
|
|
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