Cost of living comparison
Iceland is 49.0% more expensive than Seoul.
If you lived in Iceland instead of Seoul, you would:
pay 2.3 times more for restaurants
Seoul
|
Iceland
|
||
---|---|---|---|
Basic meal with drink at inexpensive restaurant |
$6.84
₩9,439
|
$17.84
kr2,506
|
|
Fast food combo meal
McDonalds, or similar
|
$6.08
₩8,390
|
$14.27
kr2,005
|
|
Bottle of Coca-Cola (11 fl. oz) |
$1.56
₩2,158
|
$2.32
kr326
|
|
Bottle of water (11 fl. oz) |
$0.82
₩1,129
|
$2.12
kr298
|
|
pay 20.9% less for groceries
Seoul
|
Iceland
|
||
---|---|---|---|
Bread
1 loaf
|
$3.17
₩4,380
|
$3.42
kr481
|
|
Local cheese (8 oz) |
$5.72
₩7,892
|
$5.98
kr841
|
|
Milk (1 gallon) |
$8.47
₩11,695
|
$5.33
kr748
|
|
Eggs
1 dozen
|
$3.83
₩5,291
|
$5.66
kr795
|
|
Boneless chicken breast (1 lb) |
$4.85
₩6,698
|
$7.09
kr997
|
|
Apples (1 lb) |
$2.90
₩3,997
|
$1.16
kr163
|
|
Bananas (1 lb) |
$1.67
₩2,301
|
$0.98
kr138
|
|
Oranges (1 lb) |
$2.82
₩3,887
|
$1.17
kr165
|
|
Tomatoes (1 lb) |
$2.77
₩3,818
|
$1.84
kr258
|
|
Potatoes (1 lb) |
$1.68
₩2,324
|
$0.96
kr134
|
|
Onions (1 lb) |
$1.38
₩1,902
|
$0.51
kr72
|
|
pay 73.7% more for transportation
Seoul
|
Iceland
|
||
---|---|---|---|
Gasoline (1 gallon) |
$5.41
₩7,467
|
$8.03
kr1,129
|
|
Monthly public transit pass |
$41.78
₩57,681
|
$77.40
kr10,876
|
|
New Volkswagen Golf 1.4 (standard edition) |
$31,904.23
₩44,046,975
|
$29,836.83
kr4,192,672
|
|
Taxi trip in downtown area (5 miles) |
$8.96
₩12,375
|
$23.97
kr3,368
|
|
pay 81.5% more for housing
Seoul
|
Iceland
|
||
---|---|---|---|
Internet connection
50 mbps or faster, cable/dsl
|
$21.92
₩30,256
|
$62.40
kr8,769
|
|
1-Bedroom apartment in downtown area |
$768.77
₩1,061,366
|
$1,437.14
kr201,947
|
|
1-Bedroom apartment outside city center |
$592.83
₩818,468
|
$1,215.63
kr170,820
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$138.80
₩191,621
|
$68.63
kr9,644
|
|
pay 58.8% less for childcare
Seoul
|
Iceland
|
||
---|---|---|---|
Private preschool for 1 child, monthly |
$384.99
₩531,513
|
$259.34
kr36,443
|
|
Middle school for 1 child, two semesters |
$18,449.76
₩25,471,738
|
$2,750.10
kr386,444
|
|
pay 73.2% more for entertainment and sports
Seoul
|
Iceland
|
||
---|---|---|---|
Domestic/local beer (1 pint) |
$3.80
₩5,244
|
$8.52
kr1,198
|
|
Cappuccino in mid-range area |
$3.92
₩5,419
|
$4.15
kr584
|
|
Pack of cigarettes
Marlboro or similar
|
$3.42
₩4,719
|
$10.64
kr1,494
|
|
Monthly membership at local gym |
$52.16
₩72,016
|
$56.90
kr7,996
|
|
Movie ticket to theater/cinema |
$10.63
₩14,682
|
$12.27
kr1,725
|
|
pay 68.2% more for clothing
Seoul
|
Iceland
|
||
---|---|---|---|
Regular jeans
Levi's brand
|
$60.78
₩83,907
|
$118.08
kr16,592
|
|
Regular dress
from H&M or similar store
|
$43.57
₩60,158
|
$50.39
kr7,081
|
|
Running shoes
Nike or Adidas
|
$72.02
₩99,424
|
$151.12
kr21,235
|
|
Men's business shoes (leather) |
$114.47
₩158,033
|
$175.20
kr24,619
|
|
Change currency:
ASK THE ELSEWHERE COMMUNITY
Join the Elsewhere community and ask a question about Iceland or Seoul. It's a free, question-and-answer based forum to discuss what life is like in countries and cities around the world.