Iceland is 87.8% more expensive than Montenegro.

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

pay 88.8% more for restaurants

 
Montenegro
Iceland
Basic meal with drink at inexpensive restaurant $8.56
€8.03
$17.84
kr2,519
Fast food combo meal
McDonalds, or similar
$5.22
€4.90
$14.27
kr2,015
Bottle of Coca-Cola (11 fl. oz) $1.93
€1.81
$2.32
kr327

Improve prices ·

pay 2.0 times more for groceries

 
Montenegro
Iceland
Bread
1 loaf
$0.85
€0.79
$3.42
kr484
Local cheese (8 oz) $3.88
€3.64
$5.98
kr845
Milk (1 gallon) $4.85
€4.54
$5.33
kr752

Improve prices ·

pay 99.5% more for transportation

 
Montenegro
Iceland
Gasoline (1 gallon) $6.17
€5.79
$8.03
kr1,135
Monthly public transit pass $31.61
€29.65
$77.40
kr10,932
New Volkswagen Golf 1.4 (standard edition) $23,324.04
€21,874.82
$29,836.83
kr4,214,452

Improve prices ·

pay 2.3 times more for housing

 
Montenegro
Iceland
Internet connection
50 mbps or faster, cable/dsl
$27.13
€25.45
$62.40
kr8,814
1-Bedroom apartment in downtown area $508.64
€477.04
$1,437.14
kr202,996
1-Bedroom apartment outside city center $362.93
€340.38
$1,215.63
kr171,707

Improve prices ·

pay 32.2% less for childcare

 
Montenegro
Iceland
Private preschool for 1 child, monthly $242.86
€227.77
$259.34
kr36,632
Middle school for 1 child, two semesters $9,565.21
€8,970.89
$2,750.10
kr388,451

Improve prices ·

pay 2.5 times more for entertainment and sports

 
Montenegro
Iceland
Domestic/local beer (1 pint) $2.55
€2.39
$8.52
kr1,204
Cappuccino in mid-range area $1.70
€1.60
$4.15
kr587
Pack of cigarettes
Marlboro or similar
$4.01
€3.76
$10.64
kr1,502

Improve prices ·

pay 71.5% more for clothing

 
Montenegro
Iceland
Regular jeans
Levi's brand
$56.33
€52.83
$118.08
kr16,678
Regular dress
from H&M or similar store
$31.75
€29.78
$50.39
kr7,117
Running shoes
Nike or Adidas
$86.76
€81.37
$151.12
kr21,345

Improve prices ·
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: April 2024
Share this

ASK THE ELSEWHERE COMMUNITY

Join the Elsewhere community and ask a question about Iceland or Montenegro. It's a free, question-and-answer based forum to discuss what life is like in countries and cities around the world.

Compare by city

For example, try comparing the cost of living in Podgorica vs. Reykjavik

Help us improve these prices

MyLifeElsewhere is a collaborative project. Please enter price information for your location to help assist us in making these comparisons more accurate. Learn more