Cost of living comparison
compared to
Marshall Islands vs. Iceland Cost of Living Summary
Marshall Islands is 28.3% cheaper than Iceland overall.
- Restaurants
-
pay 46.2% less in Marshall Islands
- Groceries
-
pay 61.6% more in Marshall Islands
- Transportation
-
pay 45.0% less in Marshall Islands
- Housing
-
pay 13.2% more in Marshall Islands
- Childcare
-
pay 71.8% less in Marshall Islands
- Entertainment and Sports
-
pay 48.3% less in Marshall Islands
- Clothing
-
pay 61.8% less in Marshall Islands
The cost of groceries and housing in Marshall Islands are more expensive than in Iceland. Expenses including childcare, clothing, entertainment and sports, restaurants, and transportation are lower in Marshall Islands.
Marshall Islands vs. Iceland Cost Breakdown
If you lived in Marshall Islands instead of Iceland, you would:
pay 46.2% less for restaurants
|
Iceland
|
Marshall Islands
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$26.52
ISK3,394
|
$13.75
|
|
|
Fast food combo meal
McDonalds, or similar
|
$21.32
ISK2,728
|
$10.50
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$3.11
ISK398
|
$1.83
|
|
| Bottle of water (11 fl. oz) |
$2.72
ISK348
|
$1.50
|
|
Iceland vs. Marshall Islands - Cost of restaurants
pay 61.6% more for groceries
|
Iceland
|
Marshall Islands
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$3.80
ISK487
|
$3.40
|
|
| Local cheese (8 oz) |
$9.44
ISK1,208
|
$14.57
|
|
| Milk (1 gallon) |
$7.78
ISK996
|
$8.52
|
|
|
Eggs
1 dozen
|
$6.71
ISK859
|
$4.04
|
|
| Boneless chicken breast (1 lb) |
$11.22
ISK1,436
|
$4.99
|
|
| Apples (1 lb) |
$1.50
ISK191
|
$1.99
|
|
| Bananas (1 lb) |
$1.15
ISK147
|
$3.29
|
|
| Oranges (1 lb) |
$1.41
ISK181
|
$3.95
|
|
| Tomatoes (1 lb) |
$2.34
ISK300
|
$5.79
|
|
| Potatoes (1 lb) |
$1.65
ISK211
|
$2.39
|
|
| Onions (1 lb) |
$1.09
ISK140
|
$2.49
|
|
Iceland vs. Marshall Islands - Cost of groceries
pay 45.0% less for transportation
|
Iceland
|
Marshall Islands
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$9.65
ISK1,235
|
$6.81
|
|
| Monthly public transit pass |
$79.56
ISK10,182
|
?? | |
| New Volkswagen Golf 1.4 (standard edition) |
$49,144.25
ISK6,289,481
|
$18,500.00
|
|
| Taxi trip in downtown area (5 miles) |
$25.55
ISK3,270
|
$14.50
|
|
Iceland vs. Marshall Islands - Cost of transportation
pay 13.2% more for housing
|
Iceland
|
Marshall Islands
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$95.65
ISK12,241
|
$76.67
|
|
| 1-Bedroom apartment in downtown area |
$2,289.17
ISK292,968
|
$766.67
|
|
| 1-Bedroom apartment outside city center |
$1,830.04
ISK234,209
|
$833.33
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$65.15
ISK8,338
|
$191.13
|
|
Iceland vs. Marshall Islands - Cost of housing
pay 71.8% less for childcare
|
Iceland
|
Marshall Islands
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$334.67
ISK42,830
|
$150.00
|
|
| Middle school for 1 child, two semesters |
$30,711.08
ISK3,930,404
|
$3,570.00
|
|
Iceland vs. Marshall Islands - Cost of childcare
pay 48.3% less for entertainment and sports
|
Iceland
|
Marshall Islands
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$11.14
ISK1,426
|
$4.50
|
|
| Cappuccino in mid-range area |
$5.62
ISK720
|
$4.06
|
|
|
Pack of cigarettes
Marlboro or similar
|
$13.90
ISK1,778
|
?? | |
| Monthly membership at local gym |
$78.17
ISK10,004
|
$33.33
|
|
| Movie ticket to theater/cinema |
$16.75
ISK2,144
|
?? | |
Iceland vs. Marshall Islands - Cost of entertainment and sports
pay 61.8% less for clothing
|
Iceland
|
Marshall Islands
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$130.91
ISK16,753
|
$57.50
|
|
|
Regular dress
from H&M or similar store
|
$61.83
ISK7,913
|
$40.00
|
|
|
Running shoes
Nike or Adidas
|
$163.81
ISK20,965
|
$35.00
|
|
| Men's business shoes (leather) |
$237.31
ISK30,371
|
$54.00
|
|
Iceland vs. Marshall Islands - Cost of clothing
The statistics used to build this comparison are calculated using data from users just like you.
We average the price of thousands of data points entered by users across the world.
Learn more about our data sources. Page last updated: December 2025
Change currency:
Help us improve these prices
MyLifeElsewhere is a collaborative project. Please enter price information for your location to help assist us in making these comparisons more accurate.
Learn more
ASK THE ELSEWHERE COMMUNITY
Join the Elsewhere community and ask a question about Marshall Islands or Iceland. It's a free, question-and-answer based forum to discuss what life is like in countries and cities around the world.