Cost of living comparison
Iceland is 3.2 times more expensive than Minsk.
If you lived in Iceland instead of Minsk, you would:
pay 3.5 times more for restaurants
Minsk
|
Iceland
|
||
---|---|---|---|
Basic meal with drink at inexpensive restaurant |
$7.64
BYN25.01
|
$19.51
ISK2,681
|
|
Fast food combo meal
McDonalds, or similar
|
$4.89
BYN16.00
|
$16.45
ISK2,260
|
|
Bottle of Coca-Cola (11 fl. oz) |
$0.77
BYN2.50
|
$2.70
ISK371
|
|
Bottle of water (11 fl. oz) |
$0.43
BYN1.41
|
$1.95
ISK268
|
|
pay 3.1 times more for groceries
Minsk
|
Iceland
|
||
---|---|---|---|
Bread
1 loaf
|
$0.57
BYN1.88
|
$3.16
ISK433
|
|
Local cheese (8 oz) |
$3.07
BYN10.05
|
$6.72
ISK923
|
|
Milk (1 gallon) |
$2.61
BYN8.55
|
$6.27
ISK862
|
|
Eggs
1 dozen
|
$1.26
BYN4.11
|
$6.03
ISK828
|
|
Boneless chicken breast (1 lb) |
$1.68
BYN5.51
|
$7.60
ISK1,044
|
|
Apples (1 lb) |
$0.45
BYN1.47
|
$1.13
ISK155
|
|
Bananas (1 lb) |
$0.76
BYN2.49
|
$1.01
ISK139
|
|
Oranges (1 lb) |
$0.77
BYN2.51
|
$1.15
ISK159
|
|
Tomatoes (1 lb) |
$1.06
BYN3.47
|
$1.71
ISK235
|
|
Potatoes (1 lb) |
$0.19
BYN0.63
|
$1.13
ISK155
|
|
Onions (1 lb) |
$0.29
BYN0.94
|
$0.68
ISK94
|
|
pay 4.0 times more for transportation
Minsk
|
Iceland
|
||
---|---|---|---|
Gasoline (1 gallon) |
$2.78
BYN9.09
|
$8.42
ISK1,157
|
|
Monthly public transit pass |
$15.60
BYN51.06
|
$68.29
ISK9,383
|
|
New Volkswagen Golf 1.4 (standard edition) |
$17,572.15
BYN57,511.88
|
$39,714.69
ISK5,456,401
|
|
Taxi trip in downtown area (5 miles) |
$3.58
BYN11.70
|
$23.23
ISK3,191
|
|
pay 4.3 times more for housing
Minsk
|
Iceland
|
||
---|---|---|---|
Internet connection
50 mbps or faster, cable/dsl
|
$10.72
BYN35.09
|
$74.47
ISK10,232
|
|
1-Bedroom apartment in downtown area |
$429.93
BYN1,407.11
|
$1,518.94
ISK208,687
|
|
1-Bedroom apartment outside city center |
$258.96
BYN847.54
|
$1,325.48
ISK182,107
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$42.06
BYN137.65
|
$66.99
ISK9,204
|
|
pay 5.5% less for childcare
Minsk
|
Iceland
|
||
---|---|---|---|
Private preschool for 1 child, monthly |
$303.69
BYN993.96
|
$254.97
ISK35,030
|
|
Middle school for 1 child, two semesters |
$5,704.58
BYN18,670.52
|
$5,993.83
ISK823,492
|
|
pay 4.8 times more for entertainment and sports
Minsk
|
Iceland
|
||
---|---|---|---|
Domestic/local beer (1 pint) |
$1.00
BYN3.27
|
$9.37
ISK1,288
|
|
Cappuccino in mid-range area |
$1.61
BYN5.26
|
$4.61
ISK634
|
|
Pack of cigarettes
Marlboro or similar
|
$1.60
BYN5.25
|
$11.22
ISK1,541
|
|
Monthly membership at local gym |
$31.28
BYN102.37
|
$60.00
ISK8,244
|
|
Movie ticket to theater/cinema |
$4.58
BYN15.00
|
$13.94
ISK1,915
|
|
pay 55.5% more for clothing
Minsk
|
Iceland
|
||
---|---|---|---|
Regular jeans
Levi's brand
|
$65.57
BYN214.62
|
$108.23
ISK14,870
|
|
Regular dress
from H&M or similar store
|
$42.29
BYN138.40
|
$59.73
ISK8,207
|
|
Running shoes
Nike or Adidas
|
$100.53
BYN329.02
|
$146.94
ISK20,188
|
|
Men's business shoes (leather) |
$99.89
BYN326.92
|
$169.24
ISK23,252
|
|
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