Cost of living comparison
Iceland is 25.4% more expensive than Richmond.
If you lived in Iceland instead of Richmond, you would:
pay 25.2% more for restaurants
Richmond
|
Iceland
|
||
---|---|---|---|
Basic meal with drink at inexpensive restaurant |
$20.00
|
$19.51
ISK2,699
|
|
Fast food combo meal
McDonalds, or similar
|
$9.00
|
$16.45
ISK2,275
|
|
Bottle of Coca-Cola (11 fl. oz) |
$2.17
|
$2.70
ISK374
|
|
Bottle of water (11 fl. oz) |
$2.04
|
$1.95
ISK270
|
|
pay 18.9% more for groceries
Richmond
|
Iceland
|
||
---|---|---|---|
Bread
1 loaf
|
$2.71
|
$3.16
ISK436
|
|
Local cheese (8 oz) |
$4.56
|
$6.72
ISK929
|
|
Milk (1 gallon) |
$3.40
|
$6.27
ISK867
|
|
Eggs
1 dozen
|
$3.30
|
$6.03
ISK834
|
|
Boneless chicken breast (1 lb) |
$5.42
|
$7.60
ISK1,051
|
|
Apples (1 lb) |
$2.34
|
$1.13
ISK156
|
|
Bananas (1 lb) |
$0.52
|
$1.01
ISK140
|
|
Oranges (1 lb) |
$1.84
|
$1.15
ISK160
|
|
Tomatoes (1 lb) |
$1.99
|
$1.71
ISK237
|
|
Potatoes (1 lb) |
$1.23
|
$1.13
ISK156
|
|
Onions (1 lb) |
$1.30
|
$0.68
ISK94
|
|
pay 94.0% more for transportation
Richmond
|
Iceland
|
||
---|---|---|---|
Gasoline (1 gallon) |
$3.34
|
$8.42
ISK1,164
|
|
Monthly public transit pass |
$30.00
|
$68.29
ISK9,444
|
|
New Volkswagen Golf 1.4 (standard edition) |
$28,351.00
|
$39,714.69
ISK5,492,145
|
|
Taxi trip in downtown area (5 miles) |
$14.93
|
$23.23
ISK3,212
|
|
pay 13.1% less for housing
Richmond
|
Iceland
|
||
---|---|---|---|
Internet connection
50 mbps or faster, cable/dsl
|
$73.11
|
$74.47
ISK10,299
|
|
1-Bedroom apartment in downtown area |
$1,578.76
|
$1,518.94
ISK210,054
|
|
1-Bedroom apartment outside city center |
$1,417.22
|
$1,325.48
ISK183,300
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$119.52
|
$66.99
ISK9,264
|
|
pay 79.8% less for childcare
Richmond
|
Iceland
|
||
---|---|---|---|
Private preschool for 1 child, monthly |
$1,216.67
|
$254.97
ISK35,259
|
|
Middle school for 1 child, two semesters |
$30,776.00
|
$5,993.83
ISK828,886
|
|
pay 31.5% more for entertainment and sports
Richmond
|
Iceland
|
||
---|---|---|---|
Domestic/local beer (1 pint) |
$5.00
|
$9.37
ISK1,296
|
|
Cappuccino in mid-range area |
$4.08
|
$4.61
ISK638
|
|
Pack of cigarettes
Marlboro or similar
|
$7.40
|
$11.22
ISK1,551
|
|
Monthly membership at local gym |
$53.33
|
$60.00
ISK8,298
|
|
Movie ticket to theater/cinema |
$15.00
|
$13.94
ISK1,928
|
|
pay 2.0 times more for clothing
Richmond
|
Iceland
|
||
---|---|---|---|
Regular jeans
Levi's brand
|
$40.12
|
$108.23
ISK14,967
|
|
Regular dress
from H&M or similar store
|
$36.36
|
$59.73
ISK8,260
|
|
Running shoes
Nike or Adidas
|
$74.99
|
$146.94
ISK20,320
|
|
Men's business shoes (leather) |
$96.67
|
$169.24
ISK23,404
|
|
Change currency:
ASK THE ELSEWHERE COMMUNITY
Join the Elsewhere community and ask a question about Iceland or Richmond. It's a free, question-and-answer based forum to discuss what life is like in countries and cities around the world.