Cost of living comparison
Iceland is 67.6% more expensive than Palau overall.
- Restaurants
-
pay 81.5% more in Iceland
- Groceries
-
pay 22.3% less in Iceland
- Transportation
-
pay 78.1% more in Iceland
- Housing
-
pay 58.0% more in Iceland
- Childcare
-
pay 2.2 times more in Iceland
- Entertainment and Sports
-
pay 2.4 times more in Iceland
- Clothing
-
pay 21.6% more in Iceland
The cost of entertainment and sports, childcare, restaurants, transportation, housing, and clothing in Iceland are more expensive than in Palau. Notably, entertainment and sports, childcare, and restaurants are significantly more expensive in Iceland.
If you lived in Iceland instead of Palau, you would:
pay 81.5% more for restaurants
|
Palau
|
Iceland
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$12.00
|
$19.40
ISK2,491
|
|
|
Fast food combo meal
McDonalds, or similar
|
$10.00
|
$16.94
ISK2,176
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$1.37
|
$2.81
ISK361
|
|
| Bottle of water (11 fl. oz) |
$1.07
|
$2.02
ISK260
|
|
pay 22.3% less for groceries
|
Palau
|
Iceland
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$3.44
|
$2.95
ISK379
|
|
| Local cheese (8 oz) |
$5.00
|
$7.27
ISK933
|
|
| Milk (1 gallon) |
$9.97
|
$6.01
ISK771
|
|
|
Eggs
1 dozen
|
$5.97
|
$5.42
ISK696
|
|
| Boneless chicken breast (1 lb) |
$6.30
|
$8.51
ISK1,093
|
|
| Apples (1 lb) |
$2.40
|
$1.22
ISK157
|
|
| Bananas (1 lb) |
$1.00
|
$1.03
ISK132
|
|
| Oranges (1 lb) |
$2.50
|
$1.17
ISK150
|
|
| Tomatoes (1 lb) |
$7.50
|
$1.87
ISK241
|
|
| Potatoes (1 lb) |
$2.09
|
$1.23
ISK159
|
|
| Onions (1 lb) |
$1.50
|
$0.78
ISK101
|
|
pay 78.1% more for transportation
|
Palau
|
Iceland
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$6.75
|
$8.36
ISK1,074
|
|
| Monthly public transit pass | ?? |
$71.28
ISK9,154
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$17,500.00
|
$40,660.66
ISK5,221,945
|
|
| Taxi trip in downtown area (5 miles) | ?? |
$22.04
ISK2,830
|
|
pay 58.0% more for housing
|
Palau
|
Iceland
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$129.50
|
$72.17
ISK9,269
|
|
| 1-Bedroom apartment in downtown area |
$900.00
|
$1,838.04
ISK236,055
|
|
| 1-Bedroom apartment outside city center |
$700.00
|
$1,497.77
ISK192,355
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
?? |
$58.01
ISK7,451
|
|
pay 2.2 times more for childcare
|
Palau
|
Iceland
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$200.00
|
$258.16
ISK33,155
|
|
| Middle school for 1 child, two semesters |
$1,920.00
|
$5,993.99
ISK769,793
|
|
pay 2.4 times more for entertainment and sports
|
Palau
|
Iceland
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$1.50
|
$9.19
ISK1,180
|
|
| Cappuccino in mid-range area |
$4.08
|
$4.65
ISK597
|
|
|
Pack of cigarettes
Marlboro or similar
|
$11.25
|
$11.76
ISK1,510
|
|
| Monthly membership at local gym |
$55.00
|
$61.46
ISK7,893
|
|
| Movie ticket to theater/cinema | ?? |
$14.35
ISK1,843
|
|
pay 21.6% more for clothing
|
Palau
|
Iceland
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$62.50
|
$111.23
ISK14,285
|
|
|
Regular dress
from H&M or similar store
|
$52.50
|
$59.69
ISK7,666
|
|
|
Running shoes
Nike or Adidas
|
$147.50
|
$148.00
ISK19,007
|
|
| Men's business shoes (leather) |
$195.00
|
$184.49
ISK23,694
|
|
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