Cost of living comparison
Iceland is 43.4% more expensive than Magdeburg.
If you lived in Iceland instead of Magdeburg, you would:
pay 26.6% more for restaurants
|
Magdeburg
|
Iceland
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$12.45
€11.55
|
$19.51
ISK2,723
|
|
|
Fast food combo meal
McDonalds, or similar
|
$8.66
€8.04
|
$16.45
ISK2,295
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$3.05
€2.83
|
$2.70
ISK377
|
|
| Bottle of water (11 fl. oz) |
$2.74
€2.55
|
$1.95
ISK273
|
|
pay 35.2% more for groceries
|
Magdeburg
|
Iceland
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$1.75
€1.63
|
$3.16
ISK440
|
|
| Local cheese (8 oz) |
$6.68
€6.19
|
$6.72
ISK937
|
|
| Milk (1 gallon) |
$4.14
€3.84
|
$6.27
ISK875
|
|
|
Eggs
1 dozen
|
$3.46
€3.21
|
$6.03
ISK841
|
|
| Boneless chicken breast (1 lb) |
$6.35
€5.89
|
$7.60
ISK1,061
|
|
| Apples (1 lb) |
$1.20
€1.12
|
$1.13
ISK157
|
|
| Bananas (1 lb) |
$0.63
€0.59
|
$1.01
ISK141
|
|
| Oranges (1 lb) |
$0.98
€0.91
|
$1.15
ISK161
|
|
| Tomatoes (1 lb) |
$1.30
€1.21
|
$1.71
ISK239
|
|
| Potatoes (1 lb) |
$0.64
€0.60
|
$1.13
ISK158
|
|
| Onions (1 lb) |
$0.83
€0.77
|
$0.68
ISK95
|
|
pay 22.2% more for transportation
|
Magdeburg
|
Iceland
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$7.07
€6.56
|
$8.42
ISK1,175
|
|
| Monthly public transit pass |
$53.07
€49.23
|
$68.29
ISK9,530
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$29,435.59
€27,308.87
|
$39,714.69
ISK5,541,788
|
|
| Taxi trip in downtown area (5 miles) |
$21.88
€20.30
|
$23.23
ISK3,241
|
|
pay 91.6% more for housing
|
Magdeburg
|
Iceland
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$42.33
€39.27
|
$74.47
ISK10,392
|
|
| 1-Bedroom apartment in downtown area |
$615.50
€571.03
|
$1,518.94
ISK211,953
|
|
| 1-Bedroom apartment outside city center |
$415.15
€385.15
|
$1,325.48
ISK184,957
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$276.94
€256.93
|
$66.99
ISK9,348
|
|
pay 6.8% less for childcare
|
Magdeburg
|
Iceland
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$208.03
€193.00
|
$254.97
ISK35,578
|
|
| Middle school for 1 child, two semesters |
$9,379.87
€8,702.18
|
$5,993.83
ISK836,378
|
|
pay 71.7% more for entertainment and sports
|
Magdeburg
|
Iceland
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$4.87
€4.52
|
$9.37
ISK1,308
|
|
| Cappuccino in mid-range area |
$3.40
€3.15
|
$4.61
ISK644
|
|
|
Pack of cigarettes
Marlboro or similar
|
$8.88
€8.24
|
$11.22
ISK1,565
|
|
| Monthly membership at local gym |
$24.64
€22.86
|
$60.00
ISK8,373
|
|
| Movie ticket to theater/cinema |
$8.66
€8.04
|
$13.94
ISK1,945
|
|
pay 63.1% more for clothing
|
Magdeburg
|
Iceland
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$55.23
€51.24
|
$108.23
ISK15,103
|
|
|
Regular dress
from H&M or similar store
|
$41.06
€38.10
|
$59.73
ISK8,335
|
|
|
Running shoes
Nike or Adidas
|
$81.22
€75.36
|
$146.94
ISK20,504
|
|
| Men's business shoes (leather) |
$129.96
€120.57
|
$169.24
ISK23,616
|
|
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