Cost of living comparison
Mongolia is 43.7% cheaper than Iceland.
If you lived in Mongolia instead of Iceland, you would:
pay 67.4% less for restaurants
|
Iceland
|
Mongolia
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$15.00
kr2,051
|
$4.83
₮15,150
|
|
|
Fast food combo meal
McDonalds, or similar
|
$12.33
kr1,686
|
$4.59
₮14,392
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.20
kr301
|
$0.89
₮2,785
|
|
| Bottle of water (11 fl. oz) |
$2.00
kr274
|
$0.41
₮1,288
|
|
pay 37.0% less for groceries
|
Iceland
|
Mongolia
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$3.14
kr430
|
$0.58
₮1,824
|
|
| Local cheese (8 oz) |
$5.86
kr801
|
$3.68
₮11,531
|
|
| Milk (1 gallon) |
$5.16
kr706
|
$3.84
₮12,043
|
|
|
Eggs
1 dozen
|
$5.51
kr754
|
$1.71
₮5,373
|
|
| Boneless chicken breast (1 lb) |
$7.10
kr971
|
$2.00
₮6,283
|
|
| Apples (1 lb) |
$1.19
kr163
|
$1.19
₮3,717
|
|
| Bananas (1 lb) |
$1.08
kr148
|
$1.15
₮3,613
|
|
| Oranges (1 lb) |
$1.13
kr155
|
$1.25
₮3,932
|
|
| Tomatoes (1 lb) |
$1.70
kr233
|
$1.33
₮4,169
|
|
| Potatoes (1 lb) |
$1.01
kr139
|
$0.19
₮608
|
|
| Onions (1 lb) |
$0.66
kr91
|
$0.43
₮1,342
|
|
pay 64.5% less for transportation
|
Iceland
|
Mongolia
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$7.21
kr986
|
$3.30
₮10,333
|
|
| Monthly public transit pass |
$85.09
kr11,636
|
$7.89
₮24,745
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$27,857.83
kr3,809,558
|
$18,528.18
₮58,074,251
|
|
| Taxi trip in downtown area (5 miles) |
$21.37
kr2,922
|
$4.35
₮13,635
|
|
pay 69.6% less for housing
|
Iceland
|
Mongolia
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$66.89
kr9,148
|
$11.87
₮37,190
|
|
| 1-Bedroom apartment in downtown area |
$1,349.42
kr184,533
|
$289.10
₮906,157
|
|
| 1-Bedroom apartment outside city center |
$1,143.63
kr156,391
|
$167.67
₮525,550
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$70.86
kr9,690
|
$48.01
₮150,493
|
|
pay 43.6% more for childcare
|
Iceland
|
Mongolia
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$277.52
kr37,951
|
$131.58
₮412,411
|
|
| Middle school for 1 child, two semesters |
$2,822.44
kr385,968
|
$6,766.81
₮21,209,727
|
|
pay 56.4% less for entertainment and sports
|
Iceland
|
Mongolia
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$7.85
kr1,074
|
$1.61
₮5,050
|
|
| Cappuccino in mid-range area |
$4.10
kr561
|
$2.32
₮7,285
|
|
|
Pack of cigarettes
Marlboro or similar
|
$11.37
kr1,555
|
$1.61
₮5,050
|
|
| Monthly membership at local gym |
$63.31
kr8,658
|
$62.83
₮196,947
|
|
| Movie ticket to theater/cinema |
$11.69
kr1,599
|
$3.22
₮10,100
|
|
pay 54.8% less for clothing
|
Iceland
|
Mongolia
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$117.41
kr16,056
|
$50.87
₮159,434
|
|
|
Regular dress
from H&M or similar store
|
$55.13
kr7,539
|
$28.46
₮89,216
|
|
|
Running shoes
Nike or Adidas
|
$156.49
kr21,401
|
$71.81
₮225,083
|
|
| Men's business shoes (leather) |
$191.54
kr26,193
|
$76.26
₮239,030
|
|
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