Cost of living comparison
Michigan is 20.9% more expensive than Iceland.
If you lived in Michigan instead of Iceland, you would:
pay 22.2% less for restaurants
|
Iceland
|
Michigan
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$15.00
kr1,574
|
$14.01
|
|
|
Fast food combo meal
McDonalds, or similar
|
$12.33
kr1,294
|
$7.72
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.20
kr231
|
$1.81
|
|
| Bottle of water (11 fl. oz) |
$2.00
kr210
|
$1.46
|
|
pay 1.6% more for groceries
|
Iceland
|
Michigan
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$3.14
kr330
|
$2.31
|
|
| Local cheese (8 oz) |
$5.86
kr615
|
$5.15
|
|
| Milk (1 gallon) |
$5.16
kr542
|
$2.47
|
|
|
Eggs
1 dozen
|
$5.51
kr578
|
$1.99
|
|
| Boneless chicken breast (1 lb) |
$7.10
kr745
|
$4.75
|
|
| Apples (1 lb) |
$1.19
kr125
|
$2.08
|
|
| Bananas (1 lb) |
$1.08
kr114
|
$0.67
|
|
| Oranges (1 lb) |
$1.13
kr119
|
$1.83
|
|
| Tomatoes (1 lb) |
$1.70
kr179
|
$1.71
|
|
| Potatoes (1 lb) |
$1.01
kr106
|
$1.28
|
|
| Onions (1 lb) |
$0.66
kr69
|
$1.20
|
|
pay 29.4% less for transportation
|
Iceland
|
Michigan
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$7.21
kr757
|
$4.22
|
|
| Monthly public transit pass |
$85.09
kr8,930
|
$47.04
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$27,857.83
kr2,923,679
|
$24,045.00
|
|
| Taxi trip in downtown area (5 miles) |
$21.37
kr2,242
|
$17.56
|
|
pay 7.8% more for housing
|
Iceland
|
Michigan
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$66.89
kr7,020
|
$64.00
|
|
| 1-Bedroom apartment in downtown area |
$1,349.42
kr141,621
|
$1,100.16
|
|
| 1-Bedroom apartment outside city center |
$1,143.63
kr120,024
|
$868.67
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$70.86
kr7,437
|
$126.00
|
|
pay 3.7 times more for childcare
|
Iceland
|
Michigan
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$277.52
kr29,126
|
$872.84
|
|
| Middle school for 1 child, two semesters |
$2,822.44
kr296,215
|
$11,869.05
|
|
pay 27.0% less for entertainment and sports
|
Iceland
|
Michigan
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$7.85
kr824
|
$4.32
|
|
| Cappuccino in mid-range area |
$4.10
kr430
|
$4.20
|
|
|
Pack of cigarettes
Marlboro or similar
|
$11.37
kr1,194
|
$7.85
|
|
| Monthly membership at local gym |
$63.31
kr6,644
|
$30.30
|
|
| Movie ticket to theater/cinema |
$11.69
kr1,227
|
$10.59
|
|
pay 52.2% less for clothing
|
Iceland
|
Michigan
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$117.41
kr12,322
|
$43.29
|
|
|
Regular dress
from H&M or similar store
|
$55.13
kr5,786
|
$33.51
|
|
|
Running shoes
Nike or Adidas
|
$156.49
kr16,424
|
$73.15
|
|
| Men's business shoes (leather) |
$191.54
kr20,102
|
$89.85
|
|
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