Cost of living comparison
Iceland is 2.2 times more expensive than Micronesia, Federated States of overall.
- Restaurants
-
pay 40.3% more in Iceland
- Groceries
-
pay 57.0% more in Iceland
- Transportation
-
pay 4.0 times more in Iceland
- Housing
-
pay 31.2% more in Iceland
- Childcare
-
pay 3.0 times more in Iceland
- Entertainment and Sports
-
pay 88.7% more in Iceland
- Clothing
-
pay 2.2 times more in Iceland
The cost of transportation, childcare, clothing, entertainment and sports, groceries, and restaurants in Iceland are more expensive than in Micronesia, Federated States of. Notably, transportation, childcare, and clothing are significantly more expensive in Iceland.
If you lived in Iceland instead of Micronesia, Federated States of, you would:
pay 40.3% more for restaurants
|
Micronesia, Federated States of
|
Iceland
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$21.62
|
$19.40
ISK2,535
|
|
|
Fast food combo meal
McDonalds, or similar
|
$9.12
|
$16.94
ISK2,214
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$1.32
|
$2.81
ISK367
|
|
| Bottle of water (11 fl. oz) |
$2.75
|
$2.02
ISK264
|
|
pay 57.0% more for groceries
|
Micronesia, Federated States of
|
Iceland
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$2.81
|
$2.95
ISK386
|
|
| Local cheese (8 oz) |
$2.52
|
$7.27
ISK949
|
|
| Milk (1 gallon) |
$1.59
|
$6.01
ISK785
|
|
|
Eggs
1 dozen
|
$4.48
|
$5.42
ISK708
|
|
| Boneless chicken breast (1 lb) |
$2.66
|
$8.51
ISK1,112
|
|
| Apples (1 lb) |
$2.37
|
$1.22
ISK160
|
|
| Bananas (1 lb) |
$1.26
|
$1.03
ISK134
|
|
| Oranges (1 lb) |
$1.48
|
$1.17
ISK153
|
|
| Tomatoes (1 lb) |
$1.15
|
$1.87
ISK245
|
|
| Potatoes (1 lb) |
$1.54
|
$1.23
ISK161
|
|
| Onions (1 lb) |
$1.29
|
$0.78
ISK103
|
|
pay 4.0 times more for transportation
|
Micronesia, Federated States of
|
Iceland
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$11.84
|
$8.36
ISK1,093
|
|
| Monthly public transit pass |
$32.00
|
$71.28
ISK9,315
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$3,497.00
|
$40,660.66
ISK5,313,942
|
|
| Taxi trip in downtown area (5 miles) |
$16.71
|
$22.04
ISK2,880
|
|
pay 31.2% more for housing
|
Micronesia, Federated States of
|
Iceland
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$230.17
|
$72.17
ISK9,432
|
|
| 1-Bedroom apartment in downtown area |
$883.33
|
$1,838.04
ISK240,213
|
|
| 1-Bedroom apartment outside city center |
$726.88
|
$1,497.77
ISK195,744
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$73.28
|
$58.01
ISK7,582
|
|
pay 3.0 times more for childcare
|
Micronesia, Federated States of
|
Iceland
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$142.50
|
$258.16
ISK33,740
|
|
| Middle school for 1 child, two semesters |
$1,442.50
|
$5,993.99
ISK783,355
|
|
pay 88.7% more for entertainment and sports
|
Micronesia, Federated States of
|
Iceland
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$3.25
|
$9.19
ISK1,201
|
|
| Cappuccino in mid-range area |
$2.83
|
$4.65
ISK607
|
|
|
Pack of cigarettes
Marlboro or similar
|
$15.75
|
$11.76
ISK1,536
|
|
| Monthly membership at local gym |
$30.50
|
$61.46
ISK8,032
|
|
| Movie ticket to theater/cinema |
$6.50
|
$14.35
ISK1,875
|
|
pay 2.2 times more for clothing
|
Micronesia, Federated States of
|
Iceland
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$42.50
|
$111.23
ISK14,537
|
|
|
Regular dress
from H&M or similar store
|
$42.00
|
$59.69
ISK7,801
|
|
|
Running shoes
Nike or Adidas
|
$75.00
|
$148.00
ISK19,342
|
|
| Men's business shoes (leather) |
$64.50
|
$184.49
ISK24,111
|
|
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