Cost of living comparison
Iceland is 4.5% more expensive than New York.
If you lived in Iceland instead of New York, you would:
pay 21.0% more for restaurants
|
New York
|
Iceland
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$18.55
|
$19.51
ISK2,638
|
|
|
Fast food combo meal
McDonalds, or similar
|
$10.56
|
$16.45
ISK2,223
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.33
|
$2.70
ISK365
|
|
| Bottle of water (11 fl. oz) |
$1.82
|
$1.95
ISK264
|
|
pay 7.0% less for groceries
|
New York
|
Iceland
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$3.77
|
$3.16
ISK426
|
|
| Local cheese (8 oz) |
$7.77
|
$6.72
ISK908
|
|
| Milk (1 gallon) |
$4.00
|
$6.27
ISK848
|
|
|
Eggs
1 dozen
|
$3.96
|
$6.03
ISK815
|
|
| Boneless chicken breast (1 lb) |
$5.29
|
$7.60
ISK1,027
|
|
| Apples (1 lb) |
$2.40
|
$1.13
ISK152
|
|
| Bananas (1 lb) |
$0.79
|
$1.01
ISK136
|
|
| Oranges (1 lb) |
$2.37
|
$1.15
ISK156
|
|
| Tomatoes (1 lb) |
$2.43
|
$1.71
ISK232
|
|
| Potatoes (1 lb) |
$1.67
|
$1.13
ISK153
|
|
| Onions (1 lb) |
$1.73
|
$0.68
ISK92
|
|
pay 39.7% more for transportation
|
New York
|
Iceland
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$3.60
|
$8.42
ISK1,138
|
|
| Monthly public transit pass |
$89.19
|
$68.29
ISK9,231
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$30,717.16
|
$39,714.69
ISK5,368,235
|
|
| Taxi trip in downtown area (5 miles) |
$19.49
|
$23.23
ISK3,140
|
|
pay 17.9% less for housing
|
New York
|
Iceland
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$66.52
|
$74.47
ISK10,067
|
|
| 1-Bedroom apartment in downtown area |
$1,904.48
|
$1,518.94
ISK205,315
|
|
| 1-Bedroom apartment outside city center |
$1,597.79
|
$1,325.48
ISK179,165
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$124.98
|
$66.99
ISK9,055
|
|
pay 79.6% less for childcare
|
New York
|
Iceland
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$1,603.45
|
$254.97
ISK34,464
|
|
| Middle school for 1 child, two semesters |
$24,094.39
|
$5,993.83
ISK810,185
|
|
pay 2.6% more for entertainment and sports
|
New York
|
Iceland
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$6.06
|
$9.37
ISK1,267
|
|
| Cappuccino in mid-range area |
$4.71
|
$4.61
ISK624
|
|
|
Pack of cigarettes
Marlboro or similar
|
$13.70
|
$11.22
ISK1,516
|
|
| Monthly membership at local gym |
$66.80
|
$60.00
ISK8,110
|
|
| Movie ticket to theater/cinema |
$15.75
|
$13.94
ISK1,884
|
|
pay 72.6% more for clothing
|
New York
|
Iceland
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$50.03
|
$108.23
ISK14,630
|
|
|
Regular dress
from H&M or similar store
|
$40.33
|
$59.73
ISK8,074
|
|
|
Running shoes
Nike or Adidas
|
$85.02
|
$146.94
ISK19,862
|
|
| Men's business shoes (leather) |
$110.47
|
$169.24
ISK22,876
|
|
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