Iceland is 3.0 times more expensive than North Korea.

If you lived in Iceland instead of North Korea, you would:

pay 2.9 times more for restaurants

 
North Korea
Iceland
Basic meal with drink at inexpensive restaurant $4.27
₩3,840
$17.84
kr2,439
Fast food combo meal
McDonalds, or similar
$2.44
₩2,192
$14.27
kr1,951
Bottle of Coca-Cola (11 fl. oz) $2.78
₩2,504
$2.32
kr317

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pay 2.5 times more for groceries

 
North Korea
Iceland
Bread
1 loaf
$0.55
₩495
$3.42
kr468
Local cheese (8 oz) $1.25
₩1,125
$5.98
kr818
Milk (1 gallon) $0.99
₩891
$5.33
kr728

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pay 2.2 times more for transportation

 
North Korea
Iceland
Gasoline (1 gallon) $4.85
₩4,361
$8.03
kr1,099
Monthly public transit pass ?? $77.40
kr10,584
New Volkswagen Golf 1.4 (standard edition) $27,250.00
₩24,525,000
$29,836.83
kr4,080,131

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pay 5.1 times more for housing

 
North Korea
Iceland
Internet connection
50 mbps or faster, cable/dsl
?? $62.40
kr8,533
1-Bedroom apartment in downtown area $350.00
₩315,000
$1,437.14
kr196,527
1-Bedroom apartment outside city center $198.78
₩178,902
$1,215.63
kr166,234

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pay (unknown) more for childcare

 
North Korea
Iceland
Private preschool for 1 child, monthly ?? $259.34
kr35,465
Middle school for 1 child, two semesters ?? $2,750.10
kr376,071

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pay 75.7% more for entertainment and sports

 
North Korea
Iceland
Domestic/local beer (1 pint) $2.22
₩1,997
$8.52
kr1,165
Cappuccino in mid-range area $2.13
₩1,921
$4.15
kr568
Pack of cigarettes
Marlboro or similar
$18.88
₩16,992
$10.64
kr1,454

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pay 3.7 times more for clothing

 
North Korea
Iceland
Regular jeans
Levi's brand
$27.23
₩24,510
$118.08
kr16,147
Regular dress
from H&M or similar store
?? $50.39
kr6,891
Running shoes
Nike or Adidas
$48.03
₩43,230
$151.12
kr20,665

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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: March 2024
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