Cost of living comparison
Iceland is 2.2 times more expensive than Lima.
If you lived in Iceland instead of Lima, you would:
pay 3.6 times more for restaurants
Lima
|
Iceland
|
||
---|---|---|---|
Basic meal with drink at inexpensive restaurant |
$4.03
PEN15.46
|
$19.51
ISK2,708
|
|
Fast food combo meal
McDonalds, or similar
|
$6.18
PEN23.70
|
$16.45
ISK2,283
|
|
Bottle of Coca-Cola (11 fl. oz) |
$0.86
PEN3.31
|
$2.70
ISK375
|
|
Bottle of water (11 fl. oz) |
$0.55
PEN2.09
|
$1.95
ISK271
|
|
pay 2.1 times more for groceries
Lima
|
Iceland
|
||
---|---|---|---|
Bread
1 loaf
|
$2.33
PEN8.95
|
$3.16
ISK438
|
|
Local cheese (8 oz) |
$3.60
PEN13.81
|
$6.72
ISK932
|
|
Milk (1 gallon) |
$4.93
PEN18.91
|
$6.27
ISK870
|
|
Eggs
1 dozen
|
$2.67
PEN10.24
|
$6.03
ISK837
|
|
Boneless chicken breast (1 lb) |
$2.37
PEN9.08
|
$7.60
ISK1,055
|
|
Apples (1 lb) |
$0.80
PEN3.05
|
$1.13
ISK156
|
|
Bananas (1 lb) |
$0.49
PEN1.89
|
$1.01
ISK140
|
|
Oranges (1 lb) |
$0.46
PEN1.78
|
$1.15
ISK160
|
|
Tomatoes (1 lb) |
$0.49
PEN1.86
|
$1.71
ISK238
|
|
Potatoes (1 lb) |
$0.48
PEN1.83
|
$1.13
ISK157
|
|
Onions (1 lb) |
$0.48
PEN1.86
|
$0.68
ISK95
|
|
pay 94.0% more for transportation
Lima
|
Iceland
|
||
---|---|---|---|
Gasoline (1 gallon) |
$5.61
PEN21.53
|
$8.42
ISK1,169
|
|
Monthly public transit pass |
$20.86
PEN79.98
|
$68.29
ISK9,478
|
|
New Volkswagen Golf 1.4 (standard edition) |
$21,497.63
PEN82,441.68
|
$39,714.69
ISK5,511,605
|
|
Taxi trip in downtown area (5 miles) |
$20.42
PEN78.32
|
$23.23
ISK3,224
|
|
pay 2.6 times more for housing
Lima
|
Iceland
|
||
---|---|---|---|
Internet connection
50 mbps or faster, cable/dsl
|
$29.05
PEN111.40
|
$74.47
ISK10,335
|
|
1-Bedroom apartment in downtown area |
$557.54
PEN2,138.10
|
$1,518.94
ISK210,798
|
|
1-Bedroom apartment outside city center |
$362.83
PEN1,391.41
|
$1,325.48
ISK183,950
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$47.53
PEN182.27
|
$66.99
ISK9,297
|
|
pay 8.6% less for childcare
Lima
|
Iceland
|
||
---|---|---|---|
Private preschool for 1 child, monthly |
$250.81
PEN961.82
|
$254.97
ISK35,384
|
|
Middle school for 1 child, two semesters |
$7,392.79
PEN28,350.78
|
$5,993.83
ISK831,823
|
|
pay 2.4 times more for entertainment and sports
Lima
|
Iceland
|
||
---|---|---|---|
Domestic/local beer (1 pint) |
$2.15
PEN8.24
|
$9.37
ISK1,301
|
|
Cappuccino in mid-range area |
$2.66
PEN10.20
|
$4.61
ISK640
|
|
Pack of cigarettes
Marlboro or similar
|
$5.37
PEN20.61
|
$11.22
ISK1,557
|
|
Monthly membership at local gym |
$30.70
PEN117.72
|
$60.00
ISK8,327
|
|
Movie ticket to theater/cinema |
$6.72
PEN25.76
|
$13.94
ISK1,935
|
|
pay 99.5% more for clothing
Lima
|
Iceland
|
||
---|---|---|---|
Regular jeans
Levi's brand
|
$43.97
PEN168.61
|
$108.23
ISK15,020
|
|
Regular dress
from H&M or similar store
|
$31.91
PEN122.37
|
$59.73
ISK8,290
|
|
Running shoes
Nike or Adidas
|
$81.88
PEN314.01
|
$146.94
ISK20,392
|
|
Men's business shoes (leather) |
$91.53
PEN351.02
|
$169.24
ISK23,487
|
|
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