Cost of living comparison
Iceland is 23.0% more expensive than Tennessee.
- Restaurants
-
pay 23.9% more in Iceland
- Groceries
-
pay 8.4% more in Iceland
- Transportation
-
pay 80.5% more in Iceland
- Housing
-
pay 4.0% more in Iceland
- Childcare
-
pay 70.1% less in Iceland
- Entertainment and Sports
-
pay 41.8% more in Iceland
- Clothing
-
pay 72.4% more in Iceland
The cost of transportation, clothing, entertainment and sports, restaurants, groceries, and housing in Iceland are more expensive than in Tennessee. Notably, transportation is significantly more expensive in Iceland.
If you lived in Iceland instead of Tennessee, you would:
pay 23.9% more for restaurants
Tennessee
|
Iceland
|
||
---|---|---|---|
Basic meal with drink at inexpensive restaurant |
$17.86
|
$19.40
ISK2,754
|
|
Fast food combo meal
McDonalds, or similar
|
$9.51
|
$16.94
ISK2,405
|
|
Bottle of Coca-Cola (11 fl. oz) |
$2.54
|
$2.81
ISK399
|
|
Bottle of water (11 fl. oz) |
$2.06
|
$2.02
ISK287
|
|
pay 8.4% more for groceries
Tennessee
|
Iceland
|
||
---|---|---|---|
Bread
1 loaf
|
$2.90
|
$2.95
ISK419
|
|
Local cheese (8 oz) |
$5.63
|
$7.27
ISK1,032
|
|
Milk (1 gallon) |
$3.62
|
$6.01
ISK853
|
|
Eggs
1 dozen
|
$3.49
|
$5.42
ISK769
|
|
Boneless chicken breast (1 lb) |
$5.03
|
$8.51
ISK1,208
|
|
Apples (1 lb) |
$2.70
|
$1.22
ISK174
|
|
Bananas (1 lb) |
$0.73
|
$1.03
ISK146
|
|
Oranges (1 lb) |
$1.95
|
$1.17
ISK166
|
|
Tomatoes (1 lb) |
$2.21
|
$1.87
ISK266
|
|
Potatoes (1 lb) |
$1.32
|
$1.23
ISK175
|
|
Onions (1 lb) |
$1.70
|
$0.78
ISK111
|
|
pay 80.5% more for transportation
Tennessee
|
Iceland
|
||
---|---|---|---|
Gasoline (1 gallon) |
$3.06
|
$8.36
ISK1,187
|
|
Monthly public transit pass |
$41.50
|
$71.28
ISK10,120
|
|
New Volkswagen Golf 1.4 (standard edition) |
$31,466.25
|
$40,660.66
ISK5,773,001
|
|
Taxi trip in downtown area (5 miles) |
$14.88
|
$22.04
ISK3,129
|
|
pay 4.0% more for housing
Tennessee
|
Iceland
|
||
---|---|---|---|
Internet connection
50 mbps or faster, cable/dsl
|
$66.90
|
$72.17
ISK10,247
|
|
1-Bedroom apartment in downtown area |
$1,303.80
|
$1,838.04
ISK260,965
|
|
1-Bedroom apartment outside city center |
$1,173.17
|
$1,497.77
ISK212,653
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$147.41
|
$58.01
ISK8,237
|
|
pay 70.1% less for childcare
Tennessee
|
Iceland
|
||
---|---|---|---|
Private preschool for 1 child, monthly |
$1,030.34
|
$258.16
ISK36,654
|
|
Middle school for 1 child, two semesters |
$17,284.00
|
$5,993.99
ISK851,027
|
|
pay 41.8% more for entertainment and sports
Tennessee
|
Iceland
|
||
---|---|---|---|
Domestic/local beer (1 pint) |
$5.95
|
$9.19
ISK1,305
|
|
Cappuccino in mid-range area |
$5.12
|
$4.65
ISK660
|
|
Pack of cigarettes
Marlboro or similar
|
$7.10
|
$11.76
ISK1,669
|
|
Monthly membership at local gym |
$33.17
|
$61.46
ISK8,726
|
|
Movie ticket to theater/cinema |
$12.70
|
$14.35
ISK2,037
|
|
pay 72.4% more for clothing
Tennessee
|
Iceland
|
||
---|---|---|---|
Regular jeans
Levi's brand
|
$53.07
|
$111.23
ISK15,793
|
|
Regular dress
from H&M or similar store
|
$43.48
|
$59.69
ISK8,475
|
|
Running shoes
Nike or Adidas
|
$85.12
|
$148.00
ISK21,013
|
|
Men's business shoes (leather) |
$109.39
|
$184.49
ISK26,194
|
|
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