Cost of living comparison
Iceland is 15.9% cheaper than Irvine.
If you lived in Iceland instead of Irvine, you would:
pay 2.1% less for restaurants
|
Irvine
|
Iceland
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$20.00
|
$19.51
ISK2,699
|
|
|
Fast food combo meal
McDonalds, or similar
|
$12.00
|
$16.45
ISK2,275
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$3.10
|
$2.70
ISK374
|
|
| Bottle of water (11 fl. oz) |
$2.80
|
$1.95
ISK270
|
|
pay 12.1% less for groceries
|
Irvine
|
Iceland
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$4.98
|
$3.16
ISK436
|
|
| Local cheese (8 oz) |
$7.60
|
$6.72
ISK929
|
|
| Milk (1 gallon) |
$4.75
|
$6.27
ISK867
|
|
|
Eggs
1 dozen
|
$5.00
|
$6.03
ISK834
|
|
| Boneless chicken breast (1 lb) |
$4.60
|
$7.60
ISK1,051
|
|
| Apples (1 lb) |
$2.37
|
$1.13
ISK156
|
|
| Bananas (1 lb) |
$0.78
|
$1.01
ISK140
|
|
| Oranges (1 lb) |
$2.57
|
$1.15
ISK160
|
|
| Tomatoes (1 lb) |
$2.37
|
$1.71
ISK237
|
|
| Potatoes (1 lb) |
$2.00
|
$1.13
ISK156
|
|
| Onions (1 lb) |
$1.50
|
$0.68
ISK94
|
|
pay 12.3% more for transportation
|
Irvine
|
Iceland
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$4.97
|
$8.42
ISK1,164
|
|
| Monthly public transit pass |
$133.50
|
$68.29
ISK9,444
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$28,500.00
|
$39,714.69
ISK5,492,145
|
|
| Taxi trip in downtown area (5 miles) |
$26.00
|
$23.23
ISK3,212
|
|
pay 38.5% less for housing
|
Irvine
|
Iceland
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$73.00
|
$74.47
ISK10,299
|
|
| 1-Bedroom apartment in downtown area |
$2,728.08
|
$1,518.94
ISK210,054
|
|
| 1-Bedroom apartment outside city center |
$2,980.71
|
$1,325.48
ISK183,300
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$153.31
|
$66.99
ISK9,264
|
|
pay 86.2% less for childcare
|
Irvine
|
Iceland
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$1,871.43
|
$254.97
ISK35,259
|
|
| Middle school for 1 child, two semesters |
$42,700.00
|
$5,993.83
ISK828,886
|
|
pay 22.0% less for entertainment and sports
|
Irvine
|
Iceland
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$8.00
|
$9.37
ISK1,296
|
|
| Cappuccino in mid-range area |
$5.75
|
$4.61
ISK638
|
|
|
Pack of cigarettes
Marlboro or similar
|
$15.84
|
$11.22
ISK1,551
|
|
| Monthly membership at local gym |
$123.33
|
$60.00
ISK8,298
|
|
| Movie ticket to theater/cinema |
$19.00
|
$13.94
ISK1,928
|
|
pay 37.5% more for clothing
|
Irvine
|
Iceland
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$64.00
|
$108.23
ISK14,967
|
|
|
Regular dress
from H&M or similar store
|
$49.67
|
$59.73
ISK8,260
|
|
|
Running shoes
Nike or Adidas
|
$96.67
|
$146.94
ISK20,320
|
|
| Men's business shoes (leather) |
$156.00
|
$169.24
ISK23,404
|
|
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