Iceland vs. Micronesia, Federated States of Cost of Living Summary

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.

Iceland vs. Micronesia, Federated States of Cost Breakdown

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

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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

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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

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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

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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

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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

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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

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The statistics used to build this comparison are calculated using data from users just like you. We average the price of thousands of data points entered by users across the world. Learn more about our data sources. Page last updated: May 2025
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