Cost of living comparison
Iceland is 82.5% more expensive than South Korea.
If you lived in Iceland instead of South Korea, you would:
pay 2.7 times more for restaurants
South Korea
|
Iceland
|
||
---|---|---|---|
Basic meal with drink at inexpensive restaurant |
$6.44
₩8,902
|
$19.51
ISK2,708
|
|
Fast food combo meal
McDonalds, or similar
|
$5.49
₩7,578
|
$16.45
ISK2,283
|
|
Bottle of Coca-Cola (11 fl. oz) |
$1.39
₩1,919
|
$2.70
ISK375
|
|
Bottle of water (11 fl. oz) |
$0.74
₩1,018
|
$1.95
ISK271
|
|
pay 2.9% more for groceries
South Korea
|
Iceland
|
||
---|---|---|---|
Bread
1 loaf
|
$2.87
₩3,963
|
$3.16
ISK438
|
|
Local cheese (8 oz) |
$6.02
₩8,314
|
$6.72
ISK932
|
|
Milk (1 gallon) |
$7.79
₩10,763
|
$6.27
ISK870
|
|
Eggs
1 dozen
|
$3.21
₩4,437
|
$6.03
ISK837
|
|
Boneless chicken breast (1 lb) |
$2.83
₩3,910
|
$7.60
ISK1,055
|
|
Apples (1 lb) |
$2.76
₩3,816
|
$1.13
ISK156
|
|
Bananas (1 lb) |
$1.39
₩1,919
|
$1.01
ISK140
|
|
Oranges (1 lb) |
$2.49
₩3,439
|
$1.15
ISK160
|
|
Tomatoes (1 lb) |
$2.03
₩2,804
|
$1.71
ISK238
|
|
Potatoes (1 lb) |
$1.69
₩2,334
|
$1.13
ISK157
|
|
Onions (1 lb) |
$1.10
₩1,518
|
$0.68
ISK95
|
|
pay 83.0% more for transportation
South Korea
|
Iceland
|
||
---|---|---|---|
Gasoline (1 gallon) |
$4.58
₩6,321
|
$8.42
ISK1,169
|
|
Monthly public transit pass |
$48.21
₩66,598
|
$68.29
ISK9,478
|
|
New Volkswagen Golf 1.4 (standard edition) |
$27,876.80
₩38,505,671
|
$39,714.69
ISK5,511,605
|
|
Taxi trip in downtown area (5 miles) |
$8.80
₩12,154
|
$23.23
ISK3,224
|
|
pay 3.0 times more for housing
South Korea
|
Iceland
|
||
---|---|---|---|
Internet connection
50 mbps or faster, cable/dsl
|
$20.28
₩28,007
|
$74.47
ISK10,335
|
|
1-Bedroom apartment in downtown area |
$421.68
₩582,457
|
$1,518.94
ISK210,798
|
|
1-Bedroom apartment outside city center |
$330.55
₩456,588
|
$1,325.48
ISK183,950
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$129.93
₩179,465
|
$66.99
ISK9,297
|
|
pay 51.1% less for childcare
South Korea
|
Iceland
|
||
---|---|---|---|
Private preschool for 1 child, monthly |
$386.50
₩533,866
|
$254.97
ISK35,384
|
|
Middle school for 1 child, two semesters |
$18,893.14
₩26,096,716
|
$5,993.83
ISK831,823
|
|
pay 2.1 times more for entertainment and sports
South Korea
|
Iceland
|
||
---|---|---|---|
Domestic/local beer (1 pint) |
$2.93
₩4,041
|
$9.37
ISK1,301
|
|
Cappuccino in mid-range area |
$3.45
₩4,768
|
$4.61
ISK640
|
|
Pack of cigarettes
Marlboro or similar
|
$3.33
₩4,605
|
$11.22
ISK1,557
|
|
Monthly membership at local gym |
$48.95
₩67,614
|
$60.00
ISK8,327
|
|
Movie ticket to theater/cinema |
$9.82
₩13,571
|
$13.94
ISK1,935
|
|
pay 71.3% more for clothing
South Korea
|
Iceland
|
||
---|---|---|---|
Regular jeans
Levi's brand
|
$62.63
₩86,516
|
$108.23
ISK15,020
|
|
Regular dress
from H&M or similar store
|
$43.35
₩59,874
|
$59.73
ISK8,290
|
|
Running shoes
Nike or Adidas
|
$72.22
₩99,755
|
$146.94
ISK20,392
|
|
Men's business shoes (leather) |
$98.82
₩136,492
|
$169.24
ISK23,487
|
|
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