Cost of living comparison
Iceland is 36.6% more expensive than Majuro.
If you lived in Iceland instead of Majuro, you would:
pay 23.4% more for restaurants
|
Majuro
|
Iceland
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$15.20
|
$17.84
ISK2,491
|
|
|
Fast food combo meal
McDonalds, or similar
|
$12.00
|
$14.27
ISK1,992
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.00
|
$2.32
ISK324
|
|
| Bottle of water (11 fl. oz) |
$1.50
|
$2.12
ISK296
|
|
pay 16.4% more for groceries
|
Majuro
|
Iceland
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$2.80
|
$3.42
ISK478
|
|
| Local cheese (8 oz) |
$8.56
|
$5.98
ISK835
|
|
| Milk (1 gallon) |
$8.88
|
$5.33
ISK744
|
|
|
Eggs
1 dozen
|
$2.64
|
$5.66
ISK790
|
|
| Boneless chicken breast (1 lb) |
$3.29
|
$7.09
ISK991
|
|
| Apples (1 lb) |
$3.13
|
$1.16
ISK162
|
|
| Bananas (1 lb) |
$0.91
|
$0.98
ISK137
|
|
| Oranges (1 lb) |
$1.10
|
$1.17
ISK164
|
|
| Tomatoes (1 lb) |
$0.91
|
$1.84
ISK256
|
|
| Potatoes (1 lb) |
$1.10
|
$0.96
ISK134
|
|
| Onions (1 lb) |
$0.91
|
$0.51
ISK71
|
|
pay 59.2% more for transportation
|
Majuro
|
Iceland
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$5.88
|
$8.03
ISK1,122
|
|
| Monthly public transit pass |
$100.00
|
$77.40
ISK10,808
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$12,000.00
|
$29,836.83
ISK4,166,415
|
|
| Taxi trip in downtown area (5 miles) |
$13.75
|
$23.97
ISK3,347
|
|
pay 6.1% less for housing
|
Majuro
|
Iceland
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$71.67
|
$62.40
ISK8,714
|
|
| 1-Bedroom apartment in downtown area |
$1,116.67
|
$1,437.14
ISK200,683
|
|
| 1-Bedroom apartment outside city center |
$850.00
|
$1,215.63
ISK169,750
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$407.84
|
$68.63
ISK9,583
|
|
pay 15.4% less for childcare
|
Majuro
|
Iceland
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly | ?? |
$259.34
ISK36,215
|
|
| Middle school for 1 child, two semesters |
$3,250.00
|
$2,750.10
ISK384,024
|
|
pay 42.3% more for entertainment and sports
|
Majuro
|
Iceland
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$9.00
|
$8.52
ISK1,190
|
|
| Cappuccino in mid-range area |
$2.58
|
$4.15
ISK580
|
|
|
Pack of cigarettes
Marlboro or similar
|
$10.00
|
$10.64
ISK1,485
|
|
| Monthly membership at local gym |
$26.67
|
$56.90
ISK7,946
|
|
| Movie ticket to theater/cinema |
$9.00
|
$12.27
ISK1,714
|
|
pay 2.4 times more for clothing
|
Majuro
|
Iceland
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$47.00
|
$118.08
ISK16,488
|
|
|
Regular dress
from H&M or similar store
|
$45.00
|
$50.39
ISK7,036
|
|
|
Running shoes
Nike or Adidas
|
$49.50
|
$151.12
ISK21,102
|
|
| Men's business shoes (leather) |
$63.50
|
$175.20
ISK24,465
|
|
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