Cost of living comparison
Iceland is 36.0% more expensive than Italy.
If you lived in Iceland instead of Italy, you would:
pay 37.1% more for restaurants
Italy
|
Iceland
|
||
---|---|---|---|
Basic meal with drink at inexpensive restaurant |
$15.74
€14.77
|
$17.84
kr2,519
|
|
Fast food combo meal
McDonalds, or similar
|
$9.09
€8.52
|
$14.27
kr2,015
|
|
Bottle of Coca-Cola (11 fl. oz) |
$2.45
€2.29
|
$2.32
kr327
|
|
Bottle of water (11 fl. oz) |
$1.16
€1.09
|
$2.12
kr300
|
|
pay 31.9% more for groceries
Italy
|
Iceland
|
||
---|---|---|---|
Bread
1 loaf
|
$1.86
€1.74
|
$3.42
kr484
|
|
Local cheese (8 oz) |
$7.20
€6.75
|
$5.98
kr845
|
|
Milk (1 gallon) |
$4.88
€4.58
|
$5.33
kr752
|
|
Eggs
1 dozen
|
$3.14
€2.95
|
$5.66
kr799
|
|
Boneless chicken breast (1 lb) |
$4.47
€4.19
|
$7.09
kr1,002
|
|
Apples (1 lb) |
$0.96
€0.90
|
$1.16
kr164
|
|
Bananas (1 lb) |
$0.84
€0.79
|
$0.98
kr139
|
|
Oranges (1 lb) |
$0.94
€0.88
|
$1.17
kr166
|
|
Tomatoes (1 lb) |
$1.20
€1.12
|
$1.84
kr259
|
|
Potatoes (1 lb) |
$0.65
€0.61
|
$0.96
kr135
|
|
Onions (1 lb) |
$0.71
€0.67
|
$0.51
kr72
|
|
pay 36.4% more for transportation
Italy
|
Iceland
|
||
---|---|---|---|
Gasoline (1 gallon) |
$8.02
€7.52
|
$8.03
kr1,135
|
|
Monthly public transit pass |
$38.40
€36.01
|
$77.40
kr10,932
|
|
New Volkswagen Golf 1.4 (standard edition) |
$25,887.08
€24,278.61
|
$29,836.83
kr4,214,452
|
|
Taxi trip in downtown area (5 miles) |
$18.65
€17.49
|
$23.97
kr3,385
|
|
pay 83.3% more for housing
Italy
|
Iceland
|
||
---|---|---|---|
Internet connection
50 mbps or faster, cable/dsl
|
$30.75
€28.84
|
$62.40
kr8,814
|
|
1-Bedroom apartment in downtown area |
$608.10
€570.32
|
$1,437.14
kr202,996
|
|
1-Bedroom apartment outside city center |
$488.80
€458.43
|
$1,215.63
kr171,707
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$151.72
€142.29
|
$68.63
kr9,694
|
|
pay 57.5% less for childcare
Italy
|
Iceland
|
||
---|---|---|---|
Private preschool for 1 child, monthly |
$459.30
€430.76
|
$259.34
kr36,632
|
|
Middle school for 1 child, two semesters |
$9,604.44
€9,007.68
|
$2,750.10
kr388,451
|
|
pay 69.4% more for entertainment and sports
Italy
|
Iceland
|
||
---|---|---|---|
Domestic/local beer (1 pint) |
$4.83
€4.53
|
$8.52
kr1,204
|
|
Cappuccino in mid-range area |
$1.60
€1.50
|
$4.15
kr587
|
|
Pack of cigarettes
Marlboro or similar
|
$6.30
€5.91
|
$10.64
kr1,502
|
|
Monthly membership at local gym |
$51.79
€48.57
|
$56.90
kr8,037
|
|
Movie ticket to theater/cinema |
$9.32
€8.74
|
$12.27
kr1,734
|
|
pay 51.5% more for clothing
Italy
|
Iceland
|
||
---|---|---|---|
Regular jeans
Levi's brand
|
$80.37
€75.37
|
$118.08
kr16,678
|
|
Regular dress
from H&M or similar store
|
$36.54
€34.27
|
$50.39
kr7,117
|
|
Running shoes
Nike or Adidas
|
$89.56
€83.99
|
$151.12
kr21,345
|
|
Men's business shoes (leather) |
$114.84
€107.71
|
$175.20
kr24,747
|
|
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