Cost of living comparison
Iceland is 15.6% more expensive than Minnesota.
- Restaurants
-
pay 21.4% more in Iceland
- Groceries
-
pay 5.1% more in Iceland
- Transportation
-
pay 54.9% more in Iceland
- Housing
-
pay 11.6% more in Iceland
- Childcare
-
pay 76.7% less in Iceland
- Entertainment and Sports
-
pay 20.4% more in Iceland
- Clothing
-
pay 72.3% more in Iceland
The cost of clothing, transportation, restaurants, entertainment and sports, housing, and groceries in Iceland are more expensive than in Minnesota.
If you lived in Iceland instead of Minnesota, you would:
pay 21.4% more for restaurants
|
Minnesota
|
Iceland
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$17.25
|
$19.40
ISK2,584
|
|
|
Fast food combo meal
McDonalds, or similar
|
$10.44
|
$16.94
ISK2,257
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.57
|
$2.81
ISK374
|
|
| Bottle of water (11 fl. oz) |
$1.99
|
$2.02
ISK269
|
|
pay 5.1% more for groceries
|
Minnesota
|
Iceland
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$3.24
|
$2.95
ISK394
|
|
| Local cheese (8 oz) |
$4.95
|
$7.27
ISK968
|
|
| Milk (1 gallon) |
$3.64
|
$6.01
ISK800
|
|
|
Eggs
1 dozen
|
$3.38
|
$5.42
ISK722
|
|
| Boneless chicken breast (1 lb) |
$5.83
|
$8.51
ISK1,133
|
|
| Apples (1 lb) |
$2.46
|
$1.22
ISK163
|
|
| Bananas (1 lb) |
$0.84
|
$1.03
ISK137
|
|
| Oranges (1 lb) |
$2.36
|
$1.17
ISK156
|
|
| Tomatoes (1 lb) |
$2.21
|
$1.87
ISK250
|
|
| Potatoes (1 lb) |
$1.40
|
$1.23
ISK164
|
|
| Onions (1 lb) |
$1.48
|
$0.78
ISK105
|
|
pay 54.9% more for transportation
|
Minnesota
|
Iceland
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$3.27
|
$8.36
ISK1,114
|
|
| Monthly public transit pass |
$75.17
|
$71.28
ISK9,494
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$32,650.12
|
$40,660.66
ISK5,416,000
|
|
| Taxi trip in downtown area (5 miles) |
$15.25
|
$22.04
ISK2,935
|
|
pay 11.6% more for housing
|
Minnesota
|
Iceland
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$66.32
|
$72.17
ISK9,614
|
|
| 1-Bedroom apartment in downtown area |
$1,195.42
|
$1,838.04
ISK244,827
|
|
| 1-Bedroom apartment outside city center |
$1,106.51
|
$1,497.77
ISK199,503
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$119.54
|
$58.01
ISK7,728
|
|
pay 76.7% less for childcare
|
Minnesota
|
Iceland
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$1,324.96
|
$258.16
ISK34,388
|
|
| Middle school for 1 child, two semesters |
$22,140.67
|
$5,993.99
ISK798,400
|
|
pay 20.4% more for entertainment and sports
|
Minnesota
|
Iceland
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$5.62
|
$9.19
ISK1,224
|
|
| Cappuccino in mid-range area |
$5.50
|
$4.65
ISK619
|
|
|
Pack of cigarettes
Marlboro or similar
|
$9.80
|
$11.76
ISK1,566
|
|
| Monthly membership at local gym |
$48.87
|
$61.46
ISK8,186
|
|
| Movie ticket to theater/cinema |
$13.28
|
$14.35
ISK1,911
|
|
pay 72.3% more for clothing
|
Minnesota
|
Iceland
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$52.74
|
$111.23
ISK14,816
|
|
|
Regular dress
from H&M or similar store
|
$47.94
|
$59.69
ISK7,951
|
|
|
Running shoes
Nike or Adidas
|
$84.66
|
$148.00
ISK19,713
|
|
| Men's business shoes (leather) |
$103.00
|
$184.49
ISK24,575
|
|
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