Cost of living comparison
Iceland is 2.7 times more expensive than Mongolia.
If you lived in Iceland instead of Mongolia, you would:
pay 3.6 times more for restaurants
Mongolia
|
Iceland
|
||
---|---|---|---|
Basic meal with drink at inexpensive restaurant |
$5.08
MNT17,250.00
|
$19.40
ISK2,691
|
|
Fast food combo meal
McDonalds, or similar
|
$4.86
MNT16,500.00
|
$16.94
ISK2,350
|
|
Bottle of Coca-Cola (11 fl. oz) |
$0.84
MNT2,852.94
|
$2.81
ISK390
|
|
Bottle of water (11 fl. oz) |
$0.52
MNT1,773.33
|
$2.02
ISK280
|
|
pay 92.3% more for groceries
Mongolia
|
Iceland
|
||
---|---|---|---|
Bread
1 loaf
|
$0.92
MNT3,124.01
|
$2.95
ISK410
|
|
Local cheese (8 oz) |
$6.82
MNT23,187.50
|
$7.27
ISK1,008
|
|
Milk (1 gallon) |
$5.44
MNT18,498.60
|
$6.01
ISK833
|
|
Eggs
1 dozen
|
$2.21
MNT7,518.68
|
$5.42
ISK752
|
|
Boneless chicken breast (1 lb) |
$2.04
MNT6,945.64
|
$8.51
ISK1,180
|
|
Apples (1 lb) |
$1.69
MNT5,745.51
|
$1.22
ISK170
|
|
Bananas (1 lb) |
$1.30
MNT4,430.09
|
$1.03
ISK142
|
|
Oranges (1 lb) |
$1.91
MNT6,503.39
|
$1.17
ISK162
|
|
Tomatoes (1 lb) |
$1.47
MNT5,003.13
|
$1.87
ISK260
|
|
Potatoes (1 lb) |
$0.31
MNT1,037.72
|
$1.23
ISK171
|
|
Onions (1 lb) |
$0.46
MNT1,547.26
|
$0.78
ISK109
|
|
pay 4.1 times more for transportation
Mongolia
|
Iceland
|
||
---|---|---|---|
Gasoline (1 gallon) |
$4.00
MNT13,586.19
|
$8.36
ISK1,160
|
|
Monthly public transit pass |
$8.09
MNT27,500.00
|
$71.28
ISK9,889
|
|
New Volkswagen Golf 1.4 (standard edition) |
$30,311.95
MNT103,000,000.00
|
$40,660.66
ISK5,641,260
|
|
Taxi trip in downtown area (5 miles) |
$5.30
MNT18,000.00
|
$22.04
ISK3,057
|
|
pay 3.2 times more for housing
Mongolia
|
Iceland
|
||
---|---|---|---|
Internet connection
50 mbps or faster, cable/dsl
|
$14.66
MNT49,800.00
|
$72.17
ISK10,013
|
|
1-Bedroom apartment in downtown area |
$559.15
MNT1,900,000.00
|
$1,838.04
ISK255,009
|
|
1-Bedroom apartment outside city center |
$428.82
MNT1,457,142.86
|
$1,497.77
ISK207,801
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$58.64
MNT199,261.01
|
$58.01
ISK8,049
|
|
pay 23.3% more for childcare
Mongolia
|
Iceland
|
||
---|---|---|---|
Private preschool for 1 child, monthly |
$153.03
MNT520,000.00
|
$258.16
ISK35,818
|
|
Middle school for 1 child, two semesters |
$7,690.11
MNT26,131,000.00
|
$5,993.99
ISK831,607
|
|
pay 3.6 times more for entertainment and sports
Mongolia
|
Iceland
|
||
---|---|---|---|
Domestic/local beer (1 pint) |
$1.77
MNT6,000.00
|
$9.19
ISK1,275
|
|
Cappuccino in mid-range area |
$2.52
MNT8,557.14
|
$4.65
ISK645
|
|
Pack of cigarettes
Marlboro or similar
|
$1.77
MNT6,000.00
|
$11.76
ISK1,631
|
|
Monthly membership at local gym |
$59.96
MNT203,750.00
|
$61.46
ISK8,527
|
|
Movie ticket to theater/cinema |
$4.56
MNT15,500.00
|
$14.35
ISK1,991
|
|
pay 45.6% more for clothing
Mongolia
|
Iceland
|
||
---|---|---|---|
Regular jeans
Levi's brand
|
$66.51
MNT226,000.00
|
$111.23
ISK15,432
|
|
Regular dress
from H&M or similar store
|
$50.62
MNT171,999.80
|
$59.69
ISK8,281
|
|
Running shoes
Nike or Adidas
|
$88.29
MNT300,000.00
|
$148.00
ISK20,533
|
|
Men's business shoes (leather) |
$142.24
MNT483,333.33
|
$184.49
ISK25,597
|
|
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