Cost of living comparison
Iceland is 35.3% more expensive than Prague.
If you lived in Iceland instead of Prague, you would:
pay 55.0% more for restaurants
|
Prague
|
Iceland
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$10.29
Kč243.86
|
$17.84
kr2,519
|
|
|
Fast food combo meal
McDonalds, or similar
|
$8.89
Kč210.60
|
$14.27
kr2,015
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$1.76
Kč41.63
|
$2.32
kr327
|
|
| Bottle of water (11 fl. oz) |
$1.38
Kč32.70
|
$2.12
kr300
|
|
pay 38.7% more for groceries
|
Prague
|
Iceland
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$1.71
Kč40.50
|
$3.42
kr484
|
|
| Local cheese (8 oz) |
$6.50
Kč154.07
|
$5.98
kr845
|
|
| Milk (1 gallon) |
$4.62
Kč109.55
|
$5.33
kr752
|
|
|
Eggs
1 dozen
|
$3.46
Kč81.96
|
$5.66
kr799
|
|
| Boneless chicken breast (1 lb) |
$4.31
Kč102.08
|
$7.09
kr1,002
|
|
| Apples (1 lb) |
$0.86
Kč20.41
|
$1.16
kr164
|
|
| Bananas (1 lb) |
$0.81
Kč19.13
|
$0.98
kr139
|
|
| Oranges (1 lb) |
$0.98
Kč23.19
|
$1.17
kr166
|
|
| Tomatoes (1 lb) |
$1.62
Kč38.35
|
$1.84
kr259
|
|
| Potatoes (1 lb) |
$0.49
Kč11.50
|
$0.96
kr135
|
|
| Onions (1 lb) |
$0.50
Kč11.74
|
$0.51
kr72
|
|
pay 78.1% more for transportation
|
Prague
|
Iceland
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$7.00
Kč165.92
|
$8.03
kr1,135
|
|
| Monthly public transit pass |
$25.72
Kč609.64
|
$77.40
kr10,932
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$28,062.17
Kč665,059.33
|
$29,836.83
kr4,214,452
|
|
| Taxi trip in downtown area (5 miles) |
$12.58
Kč298.17
|
$23.97
kr3,385
|
|
pay 38.5% more for housing
|
Prague
|
Iceland
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$26.19
Kč620.70
|
$62.40
kr8,814
|
|
| 1-Bedroom apartment in downtown area |
$1,062.03
Kč25,169.47
|
$1,437.14
kr202,996
|
|
| 1-Bedroom apartment outside city center |
$794.21
Kč18,822.43
|
$1,215.63
kr171,707
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$251.13
Kč5,951.56
|
$68.63
kr9,694
|
|
pay 73.6% less for childcare
|
Prague
|
Iceland
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$808.25
Kč19,155.09
|
$259.34
kr36,632
|
|
| Middle school for 1 child, two semesters |
$13,299.60
Kč315,193.78
|
$2,750.10
kr388,451
|
|
pay 71.2% more for entertainment and sports
|
Prague
|
Iceland
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$2.34
Kč55.42
|
$8.52
kr1,204
|
|
| Cappuccino in mid-range area |
$3.21
Kč75.98
|
$4.15
kr587
|
|
|
Pack of cigarettes
Marlboro or similar
|
$6.73
Kč159.61
|
$10.64
kr1,502
|
|
| Monthly membership at local gym |
$60.27
Kč1,428.31
|
$56.90
kr8,037
|
|
| Movie ticket to theater/cinema |
$11.18
Kč264.92
|
$12.27
kr1,734
|
|
pay 39.0% more for clothing
|
Prague
|
Iceland
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$93.07
Kč2,205.66
|
$118.08
kr16,678
|
|
|
Regular dress
from H&M or similar store
|
$42.28
Kč1,001.91
|
$50.39
kr7,117
|
|
|
Running shoes
Nike or Adidas
|
$96.72
Kč2,292.29
|
$151.12
kr21,345
|
|
| Men's business shoes (leather) |
$114.16
Kč2,705.58
|
$175.20
kr24,747
|
|
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