Cost of living comparison
Iceland is 5.1% more expensive than New Jersey.
If you lived in Iceland instead of New Jersey, you would:
pay 19.9% more for restaurants
|
New Jersey
|
Iceland
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$17.47
|
$19.51
ISK2,701
|
|
|
Fast food combo meal
McDonalds, or similar
|
$10.47
|
$16.45
ISK2,276
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.43
|
$2.70
ISK374
|
|
| Bottle of water (11 fl. oz) |
$1.97
|
$1.95
ISK270
|
|
pay 4.2% less for groceries
|
New Jersey
|
Iceland
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$3.92
|
$3.16
ISK437
|
|
| Local cheese (8 oz) |
$7.66
|
$6.72
ISK930
|
|
| Milk (1 gallon) |
$4.73
|
$6.27
ISK868
|
|
|
Eggs
1 dozen
|
$3.71
|
$6.03
ISK835
|
|
| Boneless chicken breast (1 lb) |
$4.28
|
$7.60
ISK1,052
|
|
| Apples (1 lb) |
$2.30
|
$1.13
ISK156
|
|
| Bananas (1 lb) |
$0.85
|
$1.01
ISK140
|
|
| Oranges (1 lb) |
$2.23
|
$1.15
ISK160
|
|
| Tomatoes (1 lb) |
$2.56
|
$1.71
ISK237
|
|
| Potatoes (1 lb) |
$1.33
|
$1.13
ISK157
|
|
| Onions (1 lb) |
$1.66
|
$0.68
ISK94
|
|
pay 36.9% more for transportation
|
New Jersey
|
Iceland
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$3.54
|
$8.42
ISK1,165
|
|
| Monthly public transit pass |
$153.50
|
$68.29
ISK9,452
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$30,455.20
|
$39,714.69
ISK5,496,513
|
|
| Taxi trip in downtown area (5 miles) |
$17.18
|
$23.23
ISK3,215
|
|
pay 17.1% less for housing
|
New Jersey
|
Iceland
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$56.73
|
$74.47
ISK10,307
|
|
| 1-Bedroom apartment in downtown area |
$2,135.47
|
$1,518.94
ISK210,221
|
|
| 1-Bedroom apartment outside city center |
$1,746.67
|
$1,325.48
ISK183,446
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$125.49
|
$66.99
ISK9,271
|
|
pay 81.3% less for childcare
|
New Jersey
|
Iceland
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$1,594.12
|
$254.97
ISK35,287
|
|
| Middle school for 1 child, two semesters |
$27,975.00
|
$5,993.83
ISK829,545
|
|
pay 3.9% more for entertainment and sports
|
New Jersey
|
Iceland
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$6.49
|
$9.37
ISK1,297
|
|
| Cappuccino in mid-range area |
$4.86
|
$4.61
ISK638
|
|
|
Pack of cigarettes
Marlboro or similar
|
$12.70
|
$11.22
ISK1,552
|
|
| Monthly membership at local gym |
$56.62
|
$60.00
ISK8,304
|
|
| Movie ticket to theater/cinema |
$16.25
|
$13.94
ISK1,929
|
|
pay 77.9% more for clothing
|
New Jersey
|
Iceland
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$48.37
|
$108.23
ISK14,979
|
|
|
Regular dress
from H&M or similar store
|
$42.76
|
$59.73
ISK8,267
|
|
|
Running shoes
Nike or Adidas
|
$77.46
|
$146.94
ISK20,337
|
|
| Men's business shoes (leather) |
$106.78
|
$169.24
ISK23,423
|
|
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