Cost of living comparison
Iceland is 21.5% more expensive than Medford.
If you lived in Iceland instead of Medford, you would:
pay 18.7% more for restaurants
|
Medford
|
Iceland
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$20.00
|
$19.51
ISK2,723
|
|
|
Fast food combo meal
McDonalds, or similar
|
$12.00
|
$16.45
ISK2,295
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.42
|
$2.70
ISK377
|
|
| Bottle of water (11 fl. oz) |
$1.52
|
$1.95
ISK273
|
|
pay 4.9% more for groceries
|
Medford
|
Iceland
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$3.85
|
$3.16
ISK440
|
|
| Local cheese (8 oz) |
$7.24
|
$6.72
ISK937
|
|
| Milk (1 gallon) |
$3.87
|
$6.27
ISK875
|
|
|
Eggs
1 dozen
|
$3.95
|
$6.03
ISK841
|
|
| Boneless chicken breast (1 lb) |
$4.70
|
$7.60
ISK1,061
|
|
| Apples (1 lb) |
$2.14
|
$1.13
ISK157
|
|
| Bananas (1 lb) |
$0.73
|
$1.01
ISK141
|
|
| Oranges (1 lb) |
$2.04
|
$1.15
ISK161
|
|
| Tomatoes (1 lb) |
$2.05
|
$1.71
ISK239
|
|
| Potatoes (1 lb) |
$1.11
|
$1.13
ISK158
|
|
| Onions (1 lb) |
$0.98
|
$0.68
ISK95
|
|
pay 38.0% more for transportation
|
Medford
|
Iceland
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$4.17
|
$8.42
ISK1,175
|
|
| Monthly public transit pass |
$40.00
|
$68.29
ISK9,530
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$33,680.68
|
$39,714.69
ISK5,541,788
|
|
| Taxi trip in downtown area (5 miles) |
$37.72
|
$23.23
ISK3,241
|
|
pay 10.4% less for housing
|
Medford
|
Iceland
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$63.92
|
$74.47
ISK10,392
|
|
| 1-Bedroom apartment in downtown area |
$1,375.00
|
$1,518.94
ISK211,953
|
|
| 1-Bedroom apartment outside city center |
$1,683.33
|
$1,325.48
ISK184,957
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$127.16
|
$66.99
ISK9,348
|
|
pay 49.9% less for childcare
|
Medford
|
Iceland
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$1,008.33
|
$254.97
ISK35,578
|
|
| Middle school for 1 child, two semesters |
$8,000.00
|
$5,993.83
ISK836,378
|
|
pay 82.6% more for entertainment and sports
|
Medford
|
Iceland
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$5.00
|
$9.37
ISK1,308
|
|
| Cappuccino in mid-range area |
$4.69
|
$4.61
ISK644
|
|
|
Pack of cigarettes
Marlboro or similar
|
$7.00
|
$11.22
ISK1,565
|
|
| Monthly membership at local gym |
$18.33
|
$60.00
ISK8,373
|
|
| Movie ticket to theater/cinema |
$10.00
|
$13.94
ISK1,945
|
|
pay 66.3% more for clothing
|
Medford
|
Iceland
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$56.62
|
$108.23
ISK15,103
|
|
|
Regular dress
from H&M or similar store
|
$38.33
|
$59.73
ISK8,335
|
|
|
Running shoes
Nike or Adidas
|
$103.00
|
$146.94
ISK20,504
|
|
| Men's business shoes (leather) |
$96.25
|
$169.24
ISK23,616
|
|
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