Cost of living comparison
Iceland is 5.3 times more expensive than India.
If you lived in Iceland instead of India, you would:
pay 7.2 times more for restaurants
|
India
|
Iceland
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$2.24
₹185.79
|
$17.84
kr2,434
|
|
|
Fast food combo meal
McDonalds, or similar
|
$3.92
₹325.66
|
$14.27
kr1,947
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$0.41
₹34.21
|
$2.32
kr316
|
|
| Bottle of water (11 fl. oz) |
$0.19
₹15.41
|
$2.12
kr290
|
|
pay 4.4 times more for groceries
|
India
|
Iceland
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$0.45
₹37.42
|
$3.42
kr467
|
|
| Local cheese (8 oz) |
$2.51
₹208.20
|
$5.98
kr816
|
|
| Milk (1 gallon) |
$2.48
₹205.77
|
$5.33
kr727
|
|
|
Eggs
1 dozen
|
$0.92
₹76.23
|
$5.66
kr772
|
|
| Boneless chicken breast (1 lb) |
$1.36
₹112.90
|
$7.09
kr968
|
|
| Apples (1 lb) |
$0.83
₹69.01
|
$1.16
kr159
|
|
| Bananas (1 lb) |
$0.28
₹23.44
|
$0.98
kr134
|
|
| Oranges (1 lb) |
$0.44
₹36.79
|
$1.17
kr160
|
|
| Tomatoes (1 lb) |
$0.22
₹18.13
|
$1.84
kr251
|
|
| Potatoes (1 lb) |
$0.16
₹13.54
|
$0.96
kr131
|
|
| Onions (1 lb) |
$0.19
₹15.69
|
$0.51
kr70
|
|
pay 5.5 times more for transportation
|
India
|
Iceland
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$4.78
₹397.34
|
$8.03
kr1,096
|
|
| Monthly public transit pass |
$8.38
₹695.97
|
$77.40
kr10,562
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$13,136.82
₹1,091,661.07
|
$29,836.83
kr4,071,534
|
|
| Taxi trip in downtown area (5 miles) |
$2.70
₹224.12
|
$23.97
kr3,271
|
|
pay 8.9 times more for housing
|
India
|
Iceland
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$8.43
₹700.88
|
$62.40
kr8,515
|
|
| 1-Bedroom apartment in downtown area |
$126.14
₹10,482.21
|
$1,437.14
kr196,112
|
|
| 1-Bedroom apartment outside city center |
$85.52
₹7,106.60
|
$1,215.63
kr165,884
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$26.13
₹2,171.22
|
$68.63
kr9,365
|
|
pay 3.9 times more for childcare
|
India
|
Iceland
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$47.60
₹3,955.71
|
$259.34
kr35,390
|
|
| Middle school for 1 child, two semesters |
$1,206.46
₹100,255.74
|
$2,750.10
kr375,278
|
|
pay 3.6 times more for entertainment and sports
|
India
|
Iceland
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$1.88
₹156.51
|
$8.52
kr1,163
|
|
| Cappuccino in mid-range area |
$1.40
₹116.46
|
$4.15
kr567
|
|
|
Pack of cigarettes
Marlboro or similar
|
$3.85
₹319.57
|
$10.64
kr1,451
|
|
| Monthly membership at local gym |
$17.05
₹1,417.02
|
$56.90
kr7,765
|
|
| Movie ticket to theater/cinema |
$2.94
₹244.08
|
$12.27
kr1,675
|
|
pay 4.0 times more for clothing
|
India
|
Iceland
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$25.43
₹2,113.00
|
$118.08
kr16,113
|
|
|
Regular dress
from H&M or similar store
|
$26.83
₹2,229.36
|
$50.39
kr6,876
|
|
|
Running shoes
Nike or Adidas
|
$41.28
₹3,430.23
|
$151.12
kr20,621
|
|
| Men's business shoes (leather) |
$30.75
₹2,555.25
|
$175.20
kr23,907
|
|
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