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

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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

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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

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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

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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

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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

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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

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The statistics used to build this comparison are calculated using data from users just like you. We average the price of thousands of data points entered by users across the world. Learn more about our data sources. Page last updated: November 2023
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