Cost of living comparison
Iceland is 3.3 times more expensive than Ulaanbaatar.
If you lived in Iceland instead of Ulaanbaatar, you would:
pay 3.8 times more for restaurants
|
Ulaanbaatar
|
Iceland
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$4.26
₮14,706
|
$17.84
kr2,453
|
|
|
Fast food combo meal
McDonalds, or similar
|
$4.26
₮14,706
|
$14.27
kr1,963
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$0.79
₮2,725
|
$2.32
kr319
|
|
| Bottle of water (11 fl. oz) |
$0.44
₮1,528
|
$2.12
kr292
|
|
pay 2.3 times more for groceries
|
Ulaanbaatar
|
Iceland
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$0.58
₮2,018
|
$3.42
kr471
|
|
| Local cheese (8 oz) |
$3.32
₮11,438
|
$5.98
kr823
|
|
| Milk (1 gallon) |
$4.00
₮13,806
|
$5.33
kr732
|
|
|
Eggs
1 dozen
|
$1.73
₮5,984
|
$5.66
kr778
|
|
| Boneless chicken breast (1 lb) |
$1.71
₮5,905
|
$7.09
kr976
|
|
| Apples (1 lb) |
$1.26
₮4,363
|
$1.16
kr160
|
|
| Bananas (1 lb) |
$1.13
₮3,903
|
$0.98
kr135
|
|
| Oranges (1 lb) |
$1.31
₮4,503
|
$1.17
kr161
|
|
| Tomatoes (1 lb) |
$1.57
₮5,405
|
$1.84
kr253
|
|
| Potatoes (1 lb) |
$0.23
₮799
|
$0.96
kr132
|
|
| Onions (1 lb) |
$0.43
₮1,487
|
$0.51
kr70
|
|
pay 5.5 times more for transportation
|
Ulaanbaatar
|
Iceland
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$2.92
₮10,062
|
$8.03
kr1,105
|
|
| Monthly public transit pass |
$6.96
₮24,020
|
$77.40
kr10,646
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$16,339.87
₮56,372,549
|
$29,836.83
kr4,104,056
|
|
| Taxi trip in downtown area (5 miles) |
$3.84
₮13,235
|
$23.97
kr3,297
|
|
pay 4.3 times more for housing
|
Ulaanbaatar
|
Iceland
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$12.08
₮41,667
|
$62.40
kr8,583
|
|
| 1-Bedroom apartment in downtown area |
$337.85
₮1,165,577
|
$1,437.14
kr197,679
|
|
| 1-Bedroom apartment outside city center |
$195.76
₮675,381
|
$1,215.63
kr167,209
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$42.93
₮148,094
|
$68.63
kr9,440
|
|
pay 24.8% more for childcare
|
Ulaanbaatar
|
Iceland
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$125.51
₮433,007
|
$259.34
kr35,673
|
|
| Middle school for 1 child, two semesters |
$6,399.26
₮22,077,451
|
$2,750.10
kr378,276
|
|
pay 3.5 times more for entertainment and sports
|
Ulaanbaatar
|
Iceland
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$1.49
₮5,147
|
$8.52
kr1,172
|
|
| Cappuccino in mid-range area |
$2.22
₮7,647
|
$4.15
kr571
|
|
|
Pack of cigarettes
Marlboro or similar
|
$1.71
₮5,882
|
$10.64
kr1,463
|
|
| Monthly membership at local gym |
$56.83
₮196,078
|
$56.90
kr7,827
|
|
| Movie ticket to theater/cinema |
$4.26
₮14,706
|
$12.27
kr1,688
|
|
pay 2.2 times more for clothing
|
Ulaanbaatar
|
Iceland
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$39.25
₮135,417
|
$118.08
kr16,241
|
|
|
Regular dress
from H&M or similar store
|
$27.71
₮95,588
|
$50.39
kr6,931
|
|
|
Running shoes
Nike or Adidas
|
$70.41
₮242,919
|
$151.12
kr20,786
|
|
| Men's business shoes (leather) |
$97.02
₮334,734
|
$175.20
kr24,098
|
|
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