Cost of living comparison
Mongolia is 44.9% cheaper than Iceland.
If you lived in Mongolia instead of Iceland, you would:
pay 72.8% less for restaurants
Iceland
|
Mongolia
|
||
---|---|---|---|
Basic meal with drink at inexpensive restaurant |
$17.84
kr2,506
|
$4.26
₮14,706
|
|
Fast food combo meal
McDonalds, or similar
|
$14.27
kr2,005
|
$4.26
₮14,706
|
|
Bottle of Coca-Cola (11 fl. oz) |
$2.32
kr326
|
$0.79
₮2,725
|
|
Bottle of water (11 fl. oz) |
$2.12
kr298
|
$0.44
₮1,528
|
|
pay 33.5% less for groceries
Iceland
|
Mongolia
|
||
---|---|---|---|
Bread
1 loaf
|
$3.42
kr481
|
$0.58
₮2,018
|
|
Local cheese (8 oz) |
$5.98
kr841
|
$3.32
₮11,438
|
|
Milk (1 gallon) |
$5.33
kr748
|
$4.00
₮13,806
|
|
Eggs
1 dozen
|
$5.66
kr795
|
$1.73
₮5,984
|
|
Boneless chicken breast (1 lb) |
$7.09
kr997
|
$1.71
₮5,905
|
|
Apples (1 lb) |
$1.16
kr163
|
$1.26
₮4,363
|
|
Bananas (1 lb) |
$0.98
kr138
|
$1.13
₮3,903
|
|
Oranges (1 lb) |
$1.17
kr165
|
$1.31
₮4,503
|
|
Tomatoes (1 lb) |
$1.84
kr258
|
$1.57
₮5,405
|
|
Potatoes (1 lb) |
$0.96
kr134
|
$0.23
₮799
|
|
Onions (1 lb) |
$0.51
kr72
|
$0.43
₮1,487
|
|
pay 71.0% less for transportation
Iceland
|
Mongolia
|
||
---|---|---|---|
Gasoline (1 gallon) |
$8.03
kr1,129
|
$2.92
₮10,062
|
|
Monthly public transit pass |
$77.40
kr10,876
|
$6.96
₮24,020
|
|
New Volkswagen Golf 1.4 (standard edition) |
$29,836.83
kr4,192,672
|
$16,339.87
₮56,372,549
|
|
Taxi trip in downtown area (5 miles) |
$23.97
kr3,368
|
$3.84
₮13,235
|
|
pay 69.6% less for housing
Iceland
|
Mongolia
|
||
---|---|---|---|
Internet connection
50 mbps or faster, cable/dsl
|
$62.40
kr8,769
|
$12.08
₮41,667
|
|
1-Bedroom apartment in downtown area |
$1,437.14
kr201,947
|
$337.85
₮1,165,577
|
|
1-Bedroom apartment outside city center |
$1,215.63
kr170,820
|
$195.76
₮675,381
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$68.63
kr9,644
|
$42.93
₮148,094
|
|
pay 40.5% more for childcare
Iceland
|
Mongolia
|
||
---|---|---|---|
Private preschool for 1 child, monthly |
$259.34
kr36,443
|
$125.51
₮433,007
|
|
Middle school for 1 child, two semesters |
$2,750.10
kr386,444
|
$6,399.26
₮22,077,451
|
|
pay 55.7% less for entertainment and sports
Iceland
|
Mongolia
|
||
---|---|---|---|
Domestic/local beer (1 pint) |
$8.52
kr1,198
|
$1.49
₮5,147
|
|
Cappuccino in mid-range area |
$4.15
kr584
|
$2.22
₮7,647
|
|
Pack of cigarettes
Marlboro or similar
|
$10.64
kr1,494
|
$1.71
₮5,882
|
|
Monthly membership at local gym |
$56.90
kr7,996
|
$56.83
₮196,078
|
|
Movie ticket to theater/cinema |
$12.27
kr1,725
|
$4.26
₮14,706
|
|
pay 52.4% less for clothing
Iceland
|
Mongolia
|
||
---|---|---|---|
Regular jeans
Levi's brand
|
$118.08
kr16,592
|
$39.25
₮135,417
|
|
Regular dress
from H&M or similar store
|
$50.39
kr7,081
|
$27.71
₮95,588
|
|
Running shoes
Nike or Adidas
|
$151.12
kr21,235
|
$70.41
₮242,919
|
|
Men's business shoes (leather) |
$175.20
kr24,619
|
$97.02
₮334,734
|
|
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