Cost of living comparison
Iceland is 2.9 times more expensive than Mongolia.
If you lived in Iceland instead of Mongolia, you would:
pay 3.9 times more for restaurants
|
Mongolia
|
Iceland
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$4.71
MNT16,005.07
|
$19.51
ISK2,681
|
|
|
Fast food combo meal
McDonalds, or similar
|
$4.35
MNT14,773.91
|
$16.45
ISK2,260
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$0.75
MNT2,533.11
|
$2.70
ISK371
|
|
| Bottle of water (11 fl. oz) |
$0.47
MNT1,606.19
|
$1.95
ISK268
|
|
pay 2.0 times more for groceries
|
Mongolia
|
Iceland
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$0.81
MNT2,741.74
|
$3.16
ISK433
|
|
| Local cheese (8 oz) |
$6.94
MNT23,567.91
|
$6.72
ISK923
|
|
| Milk (1 gallon) |
$4.95
MNT16,833.53
|
$6.27
ISK862
|
|
|
Eggs
1 dozen
|
$1.98
MNT6,712.28
|
$6.03
ISK828
|
|
| Boneless chicken breast (1 lb) |
$1.88
MNT6,403.50
|
$7.60
ISK1,044
|
|
| Apples (1 lb) |
$1.51
MNT5,144.40
|
$1.13
ISK155
|
|
| Bananas (1 lb) |
$1.23
MNT4,179.20
|
$1.01
ISK139
|
|
| Oranges (1 lb) |
$1.78
MNT6,064.71
|
$1.15
ISK159
|
|
| Tomatoes (1 lb) |
$1.49
MNT5,057.28
|
$1.71
ISK235
|
|
| Potatoes (1 lb) |
$0.27
MNT926.46
|
$1.13
ISK155
|
|
| Onions (1 lb) |
$0.49
MNT1,672.14
|
$0.68
ISK94
|
|
pay 4.1 times more for transportation
|
Mongolia
|
Iceland
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$3.78
MNT12,837.98
|
$8.42
ISK1,157
|
|
| Monthly public transit pass |
$7.97
MNT27,085.51
|
$68.29
ISK9,383
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$29,855.07
MNT101,447,536.23
|
$39,714.69
ISK5,456,401
|
|
| Taxi trip in downtown area (5 miles) |
$5.22
MNT17,728.70
|
$23.23
ISK3,191
|
|
pay 3.5 times more for housing
|
Mongolia
|
Iceland
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$12.17
MNT41,366.96
|
$74.47
ISK10,232
|
|
| 1-Bedroom apartment in downtown area |
$486.53
MNT1,653,227.49
|
$1,518.94
ISK208,687
|
|
| 1-Bedroom apartment outside city center |
$380.95
MNT1,294,476.19
|
$1,325.48
ISK182,107
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$61.80
MNT210,004.40
|
$66.99
ISK9,204
|
|
pay 34.6% more for childcare
|
Mongolia
|
Iceland
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$150.72
MNT512,162.32
|
$254.97
ISK35,030
|
|
| Middle school for 1 child, two semesters |
$5,997.58
MNT20,379,792.27
|
$5,993.83
ISK823,492
|
|
pay 3.7 times more for entertainment and sports
|
Mongolia
|
Iceland
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$1.59
MNT5,417.10
|
$9.37
ISK1,288
|
|
| Cappuccino in mid-range area |
$2.39
MNT8,109.24
|
$4.61
ISK634
|
|
|
Pack of cigarettes
Marlboro or similar
|
$1.74
MNT5,909.57
|
$11.22
ISK1,541
|
|
| Monthly membership at local gym |
$59.58
MNT202,457.33
|
$60.00
ISK8,244
|
|
| Movie ticket to theater/cinema |
$4.49
MNT15,266.38
|
$13.94
ISK1,915
|
|
pay 54.8% more for clothing
|
Mongolia
|
Iceland
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$60.87
MNT206,834.78
|
$108.23
ISK14,870
|
|
|
Regular dress
from H&M or similar store
|
$43.66
MNT148,354.59
|
$59.73
ISK8,207
|
|
|
Running shoes
Nike or Adidas
|
$85.14
MNT289,322.46
|
$146.94
ISK20,188
|
|
| Men's business shoes (leather) |
$128.36
MNT436,182.19
|
$169.24
ISK23,252
|
|
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