Cost of living comparison
Iceland is 4.0 times more expensive than Mumbai.
If you lived in Iceland instead of Mumbai, you would:
pay 5.8 times more for restaurants
Mumbai
|
Iceland
|
||
---|---|---|---|
Basic meal with drink at inexpensive restaurant |
$3.67
₹306.25
|
$17.84
ISK2,489
|
|
Fast food combo meal
McDonalds, or similar
|
$4.28
₹357.30
|
$14.27
ISK1,991
|
|
Bottle of Coca-Cola (11 fl. oz) |
$0.51
₹42.47
|
$2.32
ISK323
|
|
Bottle of water (11 fl. oz) |
$0.21
₹17.22
|
$2.12
ISK296
|
|
pay 3.9 times more for groceries
Mumbai
|
Iceland
|
||
---|---|---|---|
Bread
1 loaf
|
$0.50
₹41.60
|
$3.42
ISK478
|
|
Local cheese (8 oz) |
$2.81
₹234.73
|
$5.98
ISK835
|
|
Milk (1 gallon) |
$2.78
₹232.28
|
$5.33
ISK743
|
|
Eggs
1 dozen
|
$0.96
₹80.12
|
$5.66
ISK790
|
|
Boneless chicken breast (1 lb) |
$1.65
₹137.64
|
$7.09
ISK990
|
|
Apples (1 lb) |
$0.98
₹82.01
|
$1.16
ISK162
|
|
Bananas (1 lb) |
$0.29
₹24.52
|
$0.98
ISK137
|
|
Oranges (1 lb) |
$0.58
₹48.51
|
$1.17
ISK163
|
|
Tomatoes (1 lb) |
$0.23
₹18.91
|
$1.84
ISK256
|
|
Potatoes (1 lb) |
$0.19
₹15.81
|
$0.96
ISK134
|
|
Onions (1 lb) |
$0.20
₹16.84
|
$0.51
ISK71
|
|
pay 6.9 times more for transportation
Mumbai
|
Iceland
|
||
---|---|---|---|
Gasoline (1 gallon) |
$4.96
₹414.51
|
$8.03
ISK1,121
|
|
Monthly public transit pass |
$4.89
₹408.34
|
$77.40
ISK10,800
|
|
New Volkswagen Golf 1.4 (standard edition) |
$12,218.89
₹1,020,847.28
|
$29,836.83
ISK4,163,431
|
|
Taxi trip in downtown area (5 miles) |
$3.13
₹261.34
|
$23.97
ISK3,344
|
|
pay 3.9 times more for housing
Mumbai
|
Iceland
|
||
---|---|---|---|
Internet connection
50 mbps or faster, cable/dsl
|
$9.06
₹757.17
|
$62.40
ISK8,708
|
|
1-Bedroom apartment in downtown area |
$548.96
₹45,863.88
|
$1,437.14
ISK200,539
|
|
1-Bedroom apartment outside city center |
$312.91
₹26,142.57
|
$1,215.63
ISK169,628
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$33.82
₹2,825.32
|
$68.63
ISK9,577
|
|
pay 71.7% more for childcare
Mumbai
|
Iceland
|
||
---|---|---|---|
Private preschool for 1 child, monthly |
$98.62
₹8,239.70
|
$259.34
ISK36,189
|
|
Middle school for 1 child, two semesters |
$3,420.89
₹285,804.31
|
$2,750.10
ISK383,749
|
|
pay 2.7 times more for entertainment and sports
Mumbai
|
Iceland
|
||
---|---|---|---|
Domestic/local beer (1 pint) |
$2.44
₹204.17
|
$8.52
ISK1,189
|
|
Cappuccino in mid-range area |
$2.39
₹199.78
|
$4.15
ISK579
|
|
Pack of cigarettes
Marlboro or similar
|
$4.28
₹357.30
|
$10.64
ISK1,484
|
|
Monthly membership at local gym |
$24.33
₹2,032.37
|
$56.90
ISK7,940
|
|
Movie ticket to theater/cinema |
$3.67
₹306.25
|
$12.27
ISK1,713
|
|
pay 3.1 times more for clothing
Mumbai
|
Iceland
|
||
---|---|---|---|
Regular jeans
Levi's brand
|
$29.72
₹2,482.61
|
$118.08
ISK16,476
|
|
Regular dress
from H&M or similar store
|
$30.45
₹2,544.18
|
$50.39
ISK7,031
|
|
Running shoes
Nike or Adidas
|
$54.85
₹4,582.47
|
$151.12
ISK21,087
|
|
Men's business shoes (leather) |
$45.60
₹3,809.50
|
$175.20
ISK24,447
|
|
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