Cost of living comparison
Iceland is 2.6 times more expensive than Peru.
If you lived in Iceland instead of Peru, you would:
pay 3.8 times more for restaurants
|
Peru
|
Iceland
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$3.27
PEN12.24
|
$19.51
ISK2,647
|
|
|
Fast food combo meal
McDonalds, or similar
|
$5.37
PEN20.08
|
$16.45
ISK2,231
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$1.03
PEN3.86
|
$2.70
ISK367
|
|
| Bottle of water (11 fl. oz) |
$0.55
PEN2.06
|
$1.95
ISK265
|
|
pay 2.3 times more for groceries
|
Peru
|
Iceland
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$1.88
PEN7.03
|
$3.16
ISK428
|
|
| Local cheese (8 oz) |
$3.14
PEN11.75
|
$6.72
ISK911
|
|
| Milk (1 gallon) |
$4.68
PEN17.50
|
$6.27
ISK851
|
|
|
Eggs
1 dozen
|
$2.49
PEN9.30
|
$6.03
ISK818
|
|
| Boneless chicken breast (1 lb) |
$2.54
PEN9.50
|
$7.60
ISK1,031
|
|
| Apples (1 lb) |
$0.65
PEN2.42
|
$1.13
ISK153
|
|
| Bananas (1 lb) |
$0.39
PEN1.45
|
$1.01
ISK137
|
|
| Oranges (1 lb) |
$0.45
PEN1.69
|
$1.15
ISK157
|
|
| Tomatoes (1 lb) |
$0.48
PEN1.78
|
$1.71
ISK232
|
|
| Potatoes (1 lb) |
$0.43
PEN1.61
|
$1.13
ISK153
|
|
| Onions (1 lb) |
$0.44
PEN1.65
|
$0.68
ISK92
|
|
pay 2.2 times more for transportation
|
Peru
|
Iceland
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$5.37
PEN20.08
|
$8.42
ISK1,142
|
|
| Monthly public transit pass |
$17.78
PEN66.52
|
$68.29
ISK9,265
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$20,101.60
PEN75,189.96
|
$39,714.69
ISK5,387,695
|
|
| Taxi trip in downtown area (5 miles) |
$15.41
PEN57.65
|
$23.23
ISK3,151
|
|
pay 3.5 times more for housing
|
Peru
|
Iceland
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$29.39
PEN109.93
|
$74.47
ISK10,103
|
|
| 1-Bedroom apartment in downtown area |
$337.81
PEN1,263.56
|
$1,518.94
ISK206,059
|
|
| 1-Bedroom apartment outside city center |
$246.39
PEN921.62
|
$1,325.48
ISK179,814
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$43.26
PEN161.81
|
$66.99
ISK9,088
|
|
pay 19.4% more for childcare
|
Peru
|
Iceland
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$193.88
PEN725.21
|
$254.97
ISK34,589
|
|
| Middle school for 1 child, two semesters |
$5,589.22
PEN20,906.46
|
$5,993.83
ISK813,122
|
|
pay 2.6 times more for entertainment and sports
|
Peru
|
Iceland
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$2.06
PEN7.70
|
$9.37
ISK1,272
|
|
| Cappuccino in mid-range area |
$2.73
PEN10.21
|
$4.61
ISK626
|
|
|
Pack of cigarettes
Marlboro or similar
|
$5.11
PEN19.12
|
$11.22
ISK1,522
|
|
| Monthly membership at local gym |
$32.12
PEN120.14
|
$60.00
ISK8,140
|
|
| Movie ticket to theater/cinema |
$4.85
PEN18.14
|
$13.94
ISK1,891
|
|
pay 2.4 times more for clothing
|
Peru
|
Iceland
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$45.11
PEN168.72
|
$108.23
ISK14,683
|
|
|
Regular dress
from H&M or similar store
|
$23.43
PEN87.62
|
$59.73
ISK8,103
|
|
|
Running shoes
Nike or Adidas
|
$70.13
PEN262.31
|
$146.94
ISK19,934
|
|
| Men's business shoes (leather) |
$71.17
PEN266.21
|
$169.24
ISK22,959
|
|
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