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
€14.38
|
$17.84
kr2,453
|
|
|
Fast food combo meal
McDonalds, or similar
|
$9.09
€8.30
|
$14.27
kr1,963
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.45
€2.23
|
$2.32
kr319
|
|
| Bottle of water (11 fl. oz) |
$1.16
€1.06
|
$2.12
kr292
|
|
pay 31.9% more for groceries
|
Italy
|
Iceland
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$1.86
€1.70
|
$3.42
kr471
|
|
| Local cheese (8 oz) |
$7.20
€6.58
|
$5.98
kr823
|
|
| Milk (1 gallon) |
$4.88
€4.46
|
$5.33
kr732
|
|
|
Eggs
1 dozen
|
$3.14
€2.87
|
$5.66
kr778
|
|
| Boneless chicken breast (1 lb) |
$4.47
€4.08
|
$7.09
kr976
|
|
| Apples (1 lb) |
$0.96
€0.88
|
$1.16
kr160
|
|
| Bananas (1 lb) |
$0.84
€0.77
|
$0.98
kr135
|
|
| Oranges (1 lb) |
$0.94
€0.86
|
$1.17
kr161
|
|
| Tomatoes (1 lb) |
$1.20
€1.10
|
$1.84
kr253
|
|
| Potatoes (1 lb) |
$0.65
€0.59
|
$0.96
kr132
|
|
| Onions (1 lb) |
$0.71
€0.65
|
$0.51
kr70
|
|
pay 36.4% more for transportation
|
Italy
|
Iceland
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$8.02
€7.33
|
$8.03
kr1,105
|
|
| Monthly public transit pass |
$38.40
€35.08
|
$77.40
kr10,646
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$25,887.08
€23,649.14
|
$29,836.83
kr4,104,056
|
|
| Taxi trip in downtown area (5 miles) |
$18.65
€17.04
|
$23.97
kr3,297
|
|
pay 83.3% more for housing
|
Italy
|
Iceland
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$30.75
€28.09
|
$62.40
kr8,583
|
|
| 1-Bedroom apartment in downtown area |
$608.10
€555.53
|
$1,437.14
kr197,679
|
|
| 1-Bedroom apartment outside city center |
$488.80
€446.55
|
$1,215.63
kr167,209
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$151.72
€138.60
|
$68.63
kr9,440
|
|
pay 57.5% less for childcare
|
Italy
|
Iceland
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$459.30
€419.59
|
$259.34
kr35,673
|
|
| Middle school for 1 child, two semesters |
$9,604.44
€8,774.13
|
$2,750.10
kr378,276
|
|
pay 69.4% more for entertainment and sports
|
Italy
|
Iceland
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$4.83
€4.41
|
$8.52
kr1,172
|
|
| Cappuccino in mid-range area |
$1.60
€1.46
|
$4.15
kr571
|
|
|
Pack of cigarettes
Marlboro or similar
|
$6.30
€5.76
|
$10.64
kr1,463
|
|
| Monthly membership at local gym |
$51.79
€47.31
|
$56.90
kr7,827
|
|
| Movie ticket to theater/cinema |
$9.32
€8.52
|
$12.27
kr1,688
|
|
pay 51.5% more for clothing
|
Italy
|
Iceland
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$80.37
€73.42
|
$118.08
kr16,241
|
|
|
Regular dress
from H&M or similar store
|
$36.54
€33.38
|
$50.39
kr6,931
|
|
|
Running shoes
Nike or Adidas
|
$89.56
€81.81
|
$151.12
kr20,786
|
|
| Men's business shoes (leather) |
$114.84
€104.91
|
$175.20
kr24,098
|
|
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