Cost of living comparison
Iceland is 3.6 times more expensive than Madagascar.
If you lived in Iceland instead of Madagascar, you would:
pay 3.3 times more for restaurants
|
Madagascar
|
Iceland
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$3.46
Ar15,640
|
$17.84
kr2,434
|
|
|
Fast food combo meal
McDonalds, or similar
|
$6.34
Ar28,673
|
$14.27
kr1,947
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$0.94
Ar4,258
|
$2.32
kr316
|
|
| Bottle of water (11 fl. oz) |
$0.67
Ar3,015
|
$2.12
kr290
|
|
pay 2.9 times more for groceries
|
Madagascar
|
Iceland
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$0.70
Ar3,171
|
$3.42
kr467
|
|
| Local cheese (8 oz) |
$4.42
Ar19,985
|
$5.98
kr816
|
|
| Milk (1 gallon) |
$3.47
Ar15,706
|
$5.33
kr727
|
|
|
Eggs
1 dozen
|
$1.99
Ar9,009
|
$5.66
kr772
|
|
| Boneless chicken breast (1 lb) |
$2.55
Ar11,548
|
$7.09
kr968
|
|
| Apples (1 lb) |
$0.71
Ar3,232
|
$1.16
kr159
|
|
| Bananas (1 lb) |
$0.24
Ar1,064
|
$0.98
kr134
|
|
| Oranges (1 lb) |
$0.48
Ar2,158
|
$1.17
kr160
|
|
| Tomatoes (1 lb) |
$0.38
Ar1,734
|
$1.84
kr251
|
|
| Potatoes (1 lb) |
$0.25
Ar1,135
|
$0.96
kr131
|
|
| Onions (1 lb) |
$0.41
Ar1,844
|
$0.51
kr70
|
|
pay 8.4 times more for transportation
|
Madagascar
|
Iceland
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$4.33
Ar19,603
|
$8.03
kr1,096
|
|
| Monthly public transit pass |
$2.74
Ar12,404
|
$77.40
kr10,562
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$14,979.86
Ar67,773,644
|
$29,836.83
kr4,071,534
|
|
| Taxi trip in downtown area (5 miles) |
$15.90
Ar71,944
|
$23.97
kr3,271
|
|
pay 3.6 times more for housing
|
Madagascar
|
Iceland
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$58.15
Ar263,101
|
$62.40
kr8,515
|
|
| 1-Bedroom apartment in downtown area |
$465.53
Ar2,106,196
|
$1,437.14
kr196,112
|
|
| 1-Bedroom apartment outside city center |
$146.63
Ar663,402
|
$1,215.63
kr165,884
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$35.25
Ar159,467
|
$68.63
kr9,365
|
|
pay 32.7% more for childcare
|
Madagascar
|
Iceland
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$138.28
Ar625,603
|
$259.34
kr35,390
|
|
| Middle school for 1 child, two semesters |
$3,533.71
Ar15,987,629
|
$2,750.10
kr375,278
|
|
pay 3.6 times more for entertainment and sports
|
Madagascar
|
Iceland
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$0.95
Ar4,301
|
$8.52
kr1,163
|
|
| Cappuccino in mid-range area |
$1.21
Ar5,474
|
$4.15
kr567
|
|
|
Pack of cigarettes
Marlboro or similar
|
$5.30
Ar23,981
|
$10.64
kr1,451
|
|
| Monthly membership at local gym |
$41.48
Ar187,681
|
$56.90
kr7,765
|
|
| Movie ticket to theater/cinema |
$5.76
Ar26,067
|
$12.27
kr1,675
|
|
pay 2.5 times more for clothing
|
Madagascar
|
Iceland
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$29.38
Ar132,941
|
$118.08
kr16,113
|
|
|
Regular dress
from H&M or similar store
|
$23.05
Ar104,267
|
$50.39
kr6,876
|
|
|
Running shoes
Nike or Adidas
|
$103.71
Ar469,202
|
$151.12
kr20,621
|
|
| Men's business shoes (leather) |
$72.98
Ar330,179
|
$175.20
kr23,907
|
|
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