Cost of living comparison
Iceland is 2.2 times more expensive than Lima.
If you lived in Iceland instead of Lima, you would:
pay 3.3 times more for restaurants
|
Lima
|
Iceland
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$4.01
PEN14.84
|
$17.84
kr2,513
|
|
|
Fast food combo meal
McDonalds, or similar
|
$5.35
PEN19.79
|
$14.27
kr2,010
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$0.87
PEN3.23
|
$2.32
kr327
|
|
| Bottle of water (11 fl. oz) |
$0.60
PEN2.21
|
$2.12
kr299
|
|
pay 2.2 times more for groceries
|
Lima
|
Iceland
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$1.90
PEN7.04
|
$3.42
kr482
|
|
| Local cheese (8 oz) |
$3.58
PEN13.26
|
$5.98
kr843
|
|
| Milk (1 gallon) |
$4.74
PEN17.53
|
$5.33
kr750
|
|
|
Eggs
1 dozen
|
$2.09
PEN7.73
|
$5.66
kr797
|
|
| Boneless chicken breast (1 lb) |
$2.36
PEN8.72
|
$7.09
kr999
|
|
| Apples (1 lb) |
$0.74
PEN2.76
|
$1.16
kr164
|
|
| Bananas (1 lb) |
$0.46
PEN1.72
|
$0.98
kr138
|
|
| Oranges (1 lb) |
$0.45
PEN1.67
|
$1.17
kr165
|
|
| Tomatoes (1 lb) |
$0.46
PEN1.71
|
$1.84
kr259
|
|
| Potatoes (1 lb) |
$0.38
PEN1.42
|
$0.96
kr135
|
|
| Onions (1 lb) |
$0.42
PEN1.55
|
$0.51
kr72
|
|
pay 2.3 times more for transportation
|
Lima
|
Iceland
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$5.56
PEN20.56
|
$8.03
kr1,132
|
|
| Monthly public transit pass |
$16.75
PEN61.95
|
$77.40
kr10,905
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$21,401.64
PEN79,162.04
|
$29,836.83
kr4,204,009
|
|
| Taxi trip in downtown area (5 miles) |
$15.52
PEN57.39
|
$23.97
kr3,377
|
|
pay 2.5 times more for housing
|
Lima
|
Iceland
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$28.39
PEN105.02
|
$62.40
kr8,793
|
|
| 1-Bedroom apartment in downtown area |
$503.74
PEN1,863.26
|
$1,437.14
kr202,493
|
|
| 1-Bedroom apartment outside city center |
$328.82
PEN1,216.26
|
$1,215.63
kr171,282
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$55.84
PEN206.54
|
$68.63
kr9,670
|
|
pay 10.9% less for childcare
|
Lima
|
Iceland
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$200.22
PEN740.57
|
$259.34
kr36,542
|
|
| Middle school for 1 child, two semesters |
$5,654.15
PEN20,914.00
|
$2,750.10
kr387,489
|
|
pay 2.2 times more for entertainment and sports
|
Lima
|
Iceland
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$2.14
PEN7.92
|
$8.52
kr1,201
|
|
| Cappuccino in mid-range area |
$2.69
PEN9.95
|
$4.15
kr585
|
|
|
Pack of cigarettes
Marlboro or similar
|
$5.35
PEN19.79
|
$10.64
kr1,498
|
|
| Monthly membership at local gym |
$37.28
PEN137.90
|
$56.90
kr8,018
|
|
| Movie ticket to theater/cinema |
$6.69
PEN24.74
|
$12.27
kr1,729
|
|
pay 2.3 times more for clothing
|
Lima
|
Iceland
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$42.06
PEN155.59
|
$118.08
kr16,637
|
|
|
Regular dress
from H&M or similar store
|
$28.40
PEN105.04
|
$50.39
kr7,100
|
|
|
Running shoes
Nike or Adidas
|
$72.34
PEN267.58
|
$151.12
kr21,292
|
|
| Men's business shoes (leather) |
$73.12
PEN270.47
|
$175.20
kr24,685
|
|
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