Cost of living comparison
Iceland is 43.0% more expensive than Italy.
If you lived in Iceland instead of Italy, you would:
pay 38.7% more for restaurants
|
Italy
|
Iceland
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$15.81
€14.54
|
$19.51
ISK2,681
|
|
|
Fast food combo meal
McDonalds, or similar
|
$10.17
€9.35
|
$16.45
ISK2,260
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.51
€2.31
|
$2.70
ISK371
|
|
| Bottle of water (11 fl. oz) |
$1.21
€1.11
|
$1.95
ISK268
|
|
pay 29.5% more for groceries
|
Italy
|
Iceland
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$2.05
€1.89
|
$3.16
ISK433
|
|
| Local cheese (8 oz) |
$6.81
€6.27
|
$6.72
ISK923
|
|
| Milk (1 gallon) |
$5.59
€5.14
|
$6.27
ISK862
|
|
|
Eggs
1 dozen
|
$3.41
€3.14
|
$6.03
ISK828
|
|
| Boneless chicken breast (1 lb) |
$5.01
€4.61
|
$7.60
ISK1,044
|
|
| Apples (1 lb) |
$0.96
€0.88
|
$1.13
ISK155
|
|
| Bananas (1 lb) |
$0.86
€0.79
|
$1.01
ISK139
|
|
| Oranges (1 lb) |
$1.00
€0.92
|
$1.15
ISK159
|
|
| Tomatoes (1 lb) |
$1.28
€1.18
|
$1.71
ISK235
|
|
| Potatoes (1 lb) |
$0.76
€0.70
|
$1.13
ISK155
|
|
| Onions (1 lb) |
$0.70
€0.64
|
$0.68
ISK94
|
|
pay 39.9% more for transportation
|
Italy
|
Iceland
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$7.33
€6.74
|
$8.42
ISK1,157
|
|
| Monthly public transit pass |
$38.24
€35.17
|
$68.29
ISK9,383
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$26,985.59
€24,820.00
|
$39,714.69
ISK5,456,401
|
|
| Taxi trip in downtown area (5 miles) |
$19.55
€17.98
|
$23.23
ISK3,191
|
|
pay 96.0% more for housing
|
Italy
|
Iceland
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$29.86
€27.47
|
$74.47
ISK10,232
|
|
| 1-Bedroom apartment in downtown area |
$660.64
€607.62
|
$1,518.94
ISK208,687
|
|
| 1-Bedroom apartment outside city center |
$504.89
€464.37
|
$1,325.48
ISK182,107
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$158.99
€146.23
|
$66.99
ISK9,204
|
|
pay 44.3% less for childcare
|
Italy
|
Iceland
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$519.28
€477.61
|
$254.97
ISK35,030
|
|
| Middle school for 1 child, two semesters |
$9,615.09
€8,843.48
|
$5,993.83
ISK823,492
|
|
pay 81.7% more for entertainment and sports
|
Italy
|
Iceland
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$4.97
€4.57
|
$9.37
ISK1,288
|
|
| Cappuccino in mid-range area |
$1.67
€1.54
|
$4.61
ISK634
|
|
|
Pack of cigarettes
Marlboro or similar
|
$6.16
€5.67
|
$11.22
ISK1,541
|
|
| Monthly membership at local gym |
$52.41
€48.21
|
$60.00
ISK8,244
|
|
| Movie ticket to theater/cinema |
$9.51
€8.75
|
$13.94
ISK1,915
|
|
pay 59.4% more for clothing
|
Italy
|
Iceland
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$76.74
€70.58
|
$108.23
ISK14,870
|
|
|
Regular dress
from H&M or similar store
|
$34.05
€31.32
|
$59.73
ISK8,207
|
|
|
Running shoes
Nike or Adidas
|
$84.06
€77.31
|
$146.94
ISK20,188
|
|
| Men's business shoes (leather) |
$115.51
€106.24
|
$169.24
ISK23,252
|
|
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