Cost of living comparison
Iceland is 19.1% cheaper than New York.
If you lived in Iceland instead of New York, you would:
pay 6.0% less for restaurants
New York
|
Iceland
|
||
---|---|---|---|
Basic meal with drink at inexpensive restaurant |
$25.00
|
$17.84
kr2,507
|
|
Fast food combo meal
McDonalds, or similar
|
$12.00
|
$14.27
kr2,006
|
|
Bottle of Coca-Cola (11 fl. oz) |
$2.68
|
$2.32
kr326
|
|
Bottle of water (11 fl. oz) |
$2.14
|
$2.12
kr298
|
|
pay 26.8% less for groceries
New York
|
Iceland
|
||
---|---|---|---|
Bread
1 loaf
|
$4.23
|
$3.42
kr481
|
|
Local cheese (8 oz) |
$9.05
|
$5.98
kr841
|
|
Milk (1 gallon) |
$4.80
|
$5.33
kr749
|
|
Eggs
1 dozen
|
$4.95
|
$5.66
kr795
|
|
Boneless chicken breast (1 lb) |
$7.50
|
$7.09
kr997
|
|
Apples (1 lb) |
$2.64
|
$1.16
kr163
|
|
Bananas (1 lb) |
$1.04
|
$0.98
kr138
|
|
Oranges (1 lb) |
$2.42
|
$1.17
kr165
|
|
Tomatoes (1 lb) |
$2.85
|
$1.84
kr258
|
|
Potatoes (1 lb) |
$1.74
|
$0.96
kr134
|
|
Onions (1 lb) |
$1.61
|
$0.51
kr72
|
|
pay 22.5% more for transportation
New York
|
Iceland
|
||
---|---|---|---|
Gasoline (1 gallon) |
$4.29
|
$8.03
kr1,129
|
|
Monthly public transit pass |
$129.00
|
$77.40
kr10,879
|
|
New Volkswagen Golf 1.4 (standard edition) |
$25,000.00
|
$29,836.83
kr4,193,865
|
|
Taxi trip in downtown area (5 miles) |
$19.41
|
$23.97
kr3,369
|
|
pay 42.6% less for housing
New York
|
Iceland
|
||
---|---|---|---|
Internet connection
50 mbps or faster, cable/dsl
|
$70.09
|
$62.40
kr8,771
|
|
1-Bedroom apartment in downtown area |
$3,884.00
|
$1,437.14
kr202,005
|
|
1-Bedroom apartment outside city center |
$2,414.51
|
$1,215.63
kr170,868
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$128.71
|
$68.63
kr9,647
|
|
pay 91.2% less for childcare
New York
|
Iceland
|
||
---|---|---|---|
Private preschool for 1 child, monthly |
$2,408.24
|
$259.34
kr36,453
|
|
Middle school for 1 child, two semesters |
$40,818.18
|
$2,750.10
kr386,554
|
|
pay 25.5% less for entertainment and sports
New York
|
Iceland
|
||
---|---|---|---|
Domestic/local beer (1 pint) |
$8.00
|
$8.52
kr1,198
|
|
Cappuccino in mid-range area |
$5.32
|
$4.15
kr584
|
|
Pack of cigarettes
Marlboro or similar
|
$16.00
|
$10.64
kr1,495
|
|
Monthly membership at local gym |
$106.53
|
$56.90
kr7,998
|
|
Movie ticket to theater/cinema |
$18.00
|
$12.27
kr1,725
|
|
pay 35.7% more for clothing
New York
|
Iceland
|
||
---|---|---|---|
Regular jeans
Levi's brand
|
$65.73
|
$118.08
kr16,597
|
|
Regular dress
from H&M or similar store
|
$56.81
|
$50.39
kr7,083
|
|
Running shoes
Nike or Adidas
|
$94.20
|
$151.12
kr21,241
|
|
Men's business shoes (leather) |
$153.65
|
$175.20
kr24,626
|
|
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