Cost of living comparison
Iceland is 2.4 times more expensive than Lima.
If you lived in Iceland instead of Lima, you would:
pay 3.4 times more for restaurants
|
Lima
|
Iceland
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$3.84
PEN12.44
|
$15.00
kr1,574
|
|
|
Fast food combo meal
McDonalds, or similar
|
$5.16
PEN16.73
|
$12.33
kr1,294
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$0.75
PEN2.44
|
$2.20
kr231
|
|
| Bottle of water (11 fl. oz) |
$0.48
PEN1.55
|
$2.00
kr210
|
|
pay 2.4 times more for groceries
|
Lima
|
Iceland
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$1.68
PEN5.44
|
$3.14
kr330
|
|
| Local cheese (8 oz) |
$3.55
PEN11.51
|
$5.86
kr615
|
|
| Milk (1 gallon) |
$4.50
PEN14.60
|
$5.16
kr542
|
|
|
Eggs
1 dozen
|
$1.74
PEN5.65
|
$5.51
kr578
|
|
| Boneless chicken breast (1 lb) |
$2.21
PEN7.18
|
$7.10
kr745
|
|
| Apples (1 lb) |
$0.72
PEN2.32
|
$1.19
kr125
|
|
| Bananas (1 lb) |
$0.44
PEN1.43
|
$1.08
kr114
|
|
| Oranges (1 lb) |
$0.42
PEN1.37
|
$1.13
kr119
|
|
| Tomatoes (1 lb) |
$0.46
PEN1.48
|
$1.70
kr179
|
|
| Potatoes (1 lb) |
$0.31
PEN1.02
|
$1.01
kr106
|
|
| Onions (1 lb) |
$0.38
PEN1.25
|
$0.66
kr69
|
|
pay 2.6 times more for transportation
|
Lima
|
Iceland
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$4.54
PEN14.70
|
$7.21
kr757
|
|
| Monthly public transit pass |
$15.88
PEN51.49
|
$85.09
kr8,930
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$14,556.04
PEN47,197.96
|
$27,857.83
kr2,923,679
|
|
| Taxi trip in downtown area (5 miles) |
$12.70
PEN41.19
|
$21.37
kr2,242
|
|
pay 2.4 times more for housing
|
Lima
|
Iceland
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$30.40
PEN98.58
|
$66.89
kr7,020
|
|
| 1-Bedroom apartment in downtown area |
$504.17
PEN1,634.78
|
$1,349.42
kr141,621
|
|
| 1-Bedroom apartment outside city center |
$338.26
PEN1,096.80
|
$1,143.63
kr120,024
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$48.62
PEN157.65
|
$70.86
kr7,437
|
|
pay 7.5% less for childcare
|
Lima
|
Iceland
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$199.44
PEN646.68
|
$277.52
kr29,126
|
|
| Middle school for 1 child, two semesters |
$6,175.83
PEN20,025.14
|
$2,822.44
kr296,215
|
|
pay 2.3 times more for entertainment and sports
|
Lima
|
Iceland
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$2.12
PEN6.87
|
$7.85
kr824
|
|
| Cappuccino in mid-range area |
$2.55
PEN8.28
|
$4.10
kr430
|
|
|
Pack of cigarettes
Marlboro or similar
|
$4.63
PEN15.02
|
$11.37
kr1,194
|
|
| Monthly membership at local gym |
$40.46
PEN131.20
|
$63.31
kr6,644
|
|
| Movie ticket to theater/cinema |
$5.29
PEN17.16
|
$11.69
kr1,227
|
|
pay 2.5 times more for clothing
|
Lima
|
Iceland
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$42.41
PEN137.52
|
$117.41
kr12,322
|
|
|
Regular dress
from H&M or similar store
|
$28.46
PEN92.27
|
$55.13
kr5,786
|
|
|
Running shoes
Nike or Adidas
|
$67.59
PEN219.16
|
$156.49
kr16,424
|
|
| Men's business shoes (leather) |
$63.52
PEN205.95
|
$191.54
kr20,102
|
|
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