Iceland is 2.9 times more expensive than Mongolia.

If you lived in Iceland instead of Mongolia, you would:

Display currency: USD

pay 3.9 times more for restaurants

 
Mongolia
Iceland
Basic meal with drink at inexpensive restaurant $4.71
MNT16,250.00
$19.51
ISK2,708
Fast food combo meal
McDonalds, or similar
$4.35
MNT15,000.00
$16.45
ISK2,283
Bottle of Coca-Cola (11 fl. oz) $0.75
MNT2,571.88
$2.70
ISK375

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pay 2.0 times more for groceries

 
Mongolia
Iceland
Bread
1 loaf
$0.81
MNT2,783.70
$3.16
ISK438
Local cheese (8 oz) $6.94
MNT23,928.57
$6.72
ISK932
Milk (1 gallon) $4.95
MNT17,091.14
$6.27
ISK870

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pay 4.1 times more for transportation

 
Mongolia
Iceland
Gasoline (1 gallon) $3.78
MNT13,034.44
$8.42
ISK1,169
Monthly public transit pass $7.97
MNT27,500.00
$68.29
ISK9,478
New Volkswagen Golf 1.4 (standard edition) $29,855.07
MNT103,000,000.00
$39,714.69
ISK5,511,605

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pay 3.5 times more for housing

 
Mongolia
Iceland
Internet connection
50 mbps or faster, cable/dsl
$12.17
MNT42,000.00
$74.47
ISK10,335
1-Bedroom apartment in downtown area $486.53
MNT1,678,527.03
$1,518.94
ISK210,798
1-Bedroom apartment outside city center $380.95
MNT1,314,285.71
$1,325.48
ISK183,950

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pay 34.6% more for childcare

 
Mongolia
Iceland
Private preschool for 1 child, monthly $150.72
MNT520,000.00
$254.97
ISK35,384
Middle school for 1 child, two semesters $5,997.58
MNT20,691,666.67
$5,993.83
ISK831,823

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pay 3.7 times more for entertainment and sports

 
Mongolia
Iceland
Domestic/local beer (1 pint) $1.59
MNT5,500.00
$9.37
ISK1,301
Cappuccino in mid-range area $2.39
MNT8,233.33
$4.61
ISK640
Pack of cigarettes
Marlboro or similar
$1.74
MNT6,000.00
$11.22
ISK1,557

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pay 54.8% more for clothing

 
Mongolia
Iceland
Regular jeans
Levi's brand
$60.87
MNT210,000.00
$108.23
ISK15,020
Regular dress
from H&M or similar store
$43.66
MNT150,624.88
$59.73
ISK8,290
Running shoes
Nike or Adidas
$85.14
MNT293,750.00
$146.94
ISK20,392

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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: July 2024
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