Cost of living comparison
Iceland is 17.0% more expensive than Illinois.
- Restaurants
-
pay 26.8% more in Iceland
- Groceries
-
pay 20.1% more in Iceland
- Transportation
-
pay 49.2% more in Iceland
- Housing
-
pay 4.0% more in Iceland
- Childcare
-
pay 78.5% less in Iceland
- Entertainment and Sports
-
pay 22.0% more in Iceland
- Clothing
-
pay 75.6% more in Iceland
The cost of clothing, transportation, restaurants, entertainment and sports, groceries, and housing in Iceland are more expensive than in Illinois. Notably, clothing is significantly more expensive in Iceland.
If you lived in Iceland instead of Illinois, you would:
pay 26.8% more for restaurants
|
Illinois
|
Iceland
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$16.03
|
$19.40
ISK2,584
|
|
|
Fast food combo meal
McDonalds, or similar
|
$10.33
|
$16.94
ISK2,257
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.49
|
$2.81
ISK374
|
|
| Bottle of water (11 fl. oz) |
$1.85
|
$2.02
ISK269
|
|
pay 20.1% more for groceries
|
Illinois
|
Iceland
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$3.19
|
$2.95
ISK394
|
|
| Local cheese (8 oz) |
$5.63
|
$7.27
ISK968
|
|
| Milk (1 gallon) |
$3.30
|
$6.01
ISK800
|
|
|
Eggs
1 dozen
|
$2.92
|
$5.42
ISK722
|
|
| Boneless chicken breast (1 lb) |
$5.08
|
$8.51
ISK1,133
|
|
| Apples (1 lb) |
$2.10
|
$1.22
ISK163
|
|
| Bananas (1 lb) |
$0.66
|
$1.03
ISK137
|
|
| Oranges (1 lb) |
$2.05
|
$1.17
ISK156
|
|
| Tomatoes (1 lb) |
$1.82
|
$1.87
ISK250
|
|
| Potatoes (1 lb) |
$0.98
|
$1.23
ISK164
|
|
| Onions (1 lb) |
$1.20
|
$0.78
ISK105
|
|
pay 49.2% more for transportation
|
Illinois
|
Iceland
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$3.61
|
$8.36
ISK1,114
|
|
| Monthly public transit pass |
$72.95
|
$71.28
ISK9,494
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$28,096.73
|
$40,660.66
ISK5,416,000
|
|
| Taxi trip in downtown area (5 miles) |
$17.96
|
$22.04
ISK2,935
|
|
pay 4.0% more for housing
|
Illinois
|
Iceland
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$65.96
|
$72.17
ISK9,614
|
|
| 1-Bedroom apartment in downtown area |
$1,375.37
|
$1,838.04
ISK244,827
|
|
| 1-Bedroom apartment outside city center |
$1,146.99
|
$1,497.77
ISK199,503
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$137.37
|
$58.01
ISK7,728
|
|
pay 78.5% less for childcare
|
Illinois
|
Iceland
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$1,394.11
|
$258.16
ISK34,388
|
|
| Middle school for 1 child, two semesters |
$24,405.00
|
$5,993.99
ISK798,400
|
|
pay 22.0% more for entertainment and sports
|
Illinois
|
Iceland
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$5.17
|
$9.19
ISK1,224
|
|
| Cappuccino in mid-range area |
$4.81
|
$4.65
ISK619
|
|
|
Pack of cigarettes
Marlboro or similar
|
$9.79
|
$11.76
ISK1,566
|
|
| Monthly membership at local gym |
$60.87
|
$61.46
ISK8,186
|
|
| Movie ticket to theater/cinema |
$12.50
|
$14.35
ISK1,911
|
|
pay 75.6% more for clothing
|
Illinois
|
Iceland
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$51.50
|
$111.23
ISK14,816
|
|
|
Regular dress
from H&M or similar store
|
$41.59
|
$59.69
ISK7,951
|
|
|
Running shoes
Nike or Adidas
|
$80.60
|
$148.00
ISK19,713
|
|
| Men's business shoes (leather) |
$115.89
|
$184.49
ISK24,575
|
|
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