Cost of living comparison
Iceland is 45.6% more expensive than Italy.
If you lived in Iceland instead of Italy, you would:
pay 34.7% more for restaurants
|
Italy
|
Iceland
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$14.35
€12.58
|
$15.00
kr1,574
|
|
|
Fast food combo meal
McDonalds, or similar
|
$8.28
€7.26
|
$12.33
kr1,294
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.18
€1.92
|
$2.20
kr231
|
|
| Bottle of water (11 fl. oz) |
$1.09
€0.95
|
$2.00
kr210
|
|
pay 46.9% more for groceries
|
Italy
|
Iceland
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$1.63
€1.43
|
$3.14
kr330
|
|
| Local cheese (8 oz) |
$6.40
€5.61
|
$5.86
kr615
|
|
| Milk (1 gallon) |
$4.35
€3.81
|
$5.16
kr542
|
|
|
Eggs
1 dozen
|
$2.89
€2.53
|
$5.51
kr578
|
|
| Boneless chicken breast (1 lb) |
$4.02
€3.53
|
$7.10
kr745
|
|
| Apples (1 lb) |
$0.85
€0.75
|
$1.19
kr125
|
|
| Bananas (1 lb) |
$0.76
€0.67
|
$1.08
kr114
|
|
| Oranges (1 lb) |
$0.86
€0.75
|
$1.13
kr119
|
|
| Tomatoes (1 lb) |
$1.05
€0.92
|
$1.70
kr179
|
|
| Potatoes (1 lb) |
$0.60
€0.53
|
$1.01
kr106
|
|
| Onions (1 lb) |
$0.65
€0.57
|
$0.66
kr69
|
|
pay 40.1% more for transportation
|
Italy
|
Iceland
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$8.47
€7.43
|
$7.21
kr757
|
|
| Monthly public transit pass |
$36.88
€32.34
|
$85.09
kr8,930
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$23,486.94
€20,595.73
|
$27,857.83
kr2,923,679
|
|
| Taxi trip in downtown area (5 miles) |
$16.94
€14.86
|
$21.37
kr2,242
|
|
pay 97.3% more for housing
|
Italy
|
Iceland
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$29.40
€25.78
|
$66.89
kr7,020
|
|
| 1-Bedroom apartment in downtown area |
$560.05
€491.11
|
$1,349.42
kr141,621
|
|
| 1-Bedroom apartment outside city center |
$428.17
€375.46
|
$1,143.63
kr120,024
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$132.43
€116.13
|
$70.86
kr7,437
|
|
pay 53.0% less for childcare
|
Italy
|
Iceland
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$431.71
€378.57
|
$277.52
kr29,126
|
|
| Middle school for 1 child, two semesters |
$9,518.89
€8,347.12
|
$2,822.44
kr296,215
|
|
pay 81.0% more for entertainment and sports
|
Italy
|
Iceland
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$4.48
€3.93
|
$7.85
kr824
|
|
| Cappuccino in mid-range area |
$1.48
€1.30
|
$4.10
kr430
|
|
|
Pack of cigarettes
Marlboro or similar
|
$5.97
€5.24
|
$11.37
kr1,194
|
|
| Monthly membership at local gym |
$48.62
€42.63
|
$63.31
kr6,644
|
|
| Movie ticket to theater/cinema |
$8.84
€7.75
|
$11.69
kr1,227
|
|
pay 71.9% more for clothing
|
Italy
|
Iceland
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$72.84
€63.88
|
$117.41
kr12,322
|
|
|
Regular dress
from H&M or similar store
|
$34.55
€30.29
|
$55.13
kr5,786
|
|
|
Running shoes
Nike or Adidas
|
$82.76
€72.58
|
$156.49
kr16,424
|
|
| Men's business shoes (leather) |
$107.74
€94.48
|
$191.54
kr20,102
|
|
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