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
PEN14.83
|
$15.00
kr2,051
|
|
|
Fast food combo meal
McDonalds, or similar
|
$5.16
PEN19.94
|
$12.33
kr1,686
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$0.75
PEN2.90
|
$2.20
kr301
|
|
| Bottle of water (11 fl. oz) |
$0.48
PEN1.85
|
$2.00
kr274
|
|
pay 2.4 times more for groceries
|
Lima
|
Iceland
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$1.68
PEN6.48
|
$3.14
kr430
|
|
| Local cheese (8 oz) |
$3.55
PEN13.71
|
$5.86
kr801
|
|
| Milk (1 gallon) |
$4.50
PEN17.39
|
$5.16
kr706
|
|
|
Eggs
1 dozen
|
$1.74
PEN6.73
|
$5.51
kr754
|
|
| Boneless chicken breast (1 lb) |
$2.21
PEN8.55
|
$7.10
kr971
|
|
| Apples (1 lb) |
$0.72
PEN2.76
|
$1.19
kr163
|
|
| Bananas (1 lb) |
$0.44
PEN1.71
|
$1.08
kr148
|
|
| Oranges (1 lb) |
$0.42
PEN1.63
|
$1.13
kr155
|
|
| Tomatoes (1 lb) |
$0.46
PEN1.76
|
$1.70
kr233
|
|
| Potatoes (1 lb) |
$0.31
PEN1.22
|
$1.01
kr139
|
|
| Onions (1 lb) |
$0.38
PEN1.48
|
$0.66
kr91
|
|
pay 2.6 times more for transportation
|
Lima
|
Iceland
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$4.54
PEN17.52
|
$7.21
kr986
|
|
| Monthly public transit pass |
$15.88
PEN61.35
|
$85.09
kr11,636
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$14,556.04
PEN56,237.87
|
$27,857.83
kr3,809,558
|
|
| Taxi trip in downtown area (5 miles) |
$12.70
PEN49.08
|
$21.37
kr2,922
|
|
pay 2.4 times more for housing
|
Lima
|
Iceland
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$30.40
PEN117.46
|
$66.89
kr9,148
|
|
| 1-Bedroom apartment in downtown area |
$504.17
PEN1,947.90
|
$1,349.42
kr184,533
|
|
| 1-Bedroom apartment outside city center |
$338.26
PEN1,306.87
|
$1,143.63
kr156,391
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$48.62
PEN187.84
|
$70.86
kr9,690
|
|
pay 7.5% less for childcare
|
Lima
|
Iceland
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$199.44
PEN770.54
|
$277.52
kr37,951
|
|
| Middle school for 1 child, two semesters |
$6,175.83
PEN23,860.59
|
$2,822.44
kr385,968
|
|
pay 2.3 times more for entertainment and sports
|
Lima
|
Iceland
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$2.12
PEN8.18
|
$7.85
kr1,074
|
|
| Cappuccino in mid-range area |
$2.55
PEN9.86
|
$4.10
kr561
|
|
|
Pack of cigarettes
Marlboro or similar
|
$4.63
PEN17.89
|
$11.37
kr1,555
|
|
| Monthly membership at local gym |
$40.46
PEN156.32
|
$63.31
kr8,658
|
|
| Movie ticket to theater/cinema |
$5.29
PEN20.45
|
$11.69
kr1,599
|
|
pay 2.5 times more for clothing
|
Lima
|
Iceland
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$42.41
PEN163.86
|
$117.41
kr16,056
|
|
|
Regular dress
from H&M or similar store
|
$28.46
PEN109.94
|
$55.13
kr7,539
|
|
|
Running shoes
Nike or Adidas
|
$67.59
PEN261.13
|
$156.49
kr21,401
|
|
| Men's business shoes (leather) |
$63.52
PEN245.40
|
$191.54
kr26,193
|
|
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