Cost of living comparison
Iceland is 9.8% more expensive than United States.
If you lived in Iceland instead of United States, you would:
pay 19.1% more for restaurants
|
United States
|
Iceland
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$18.02
|
$19.51
ISK2,667
|
|
|
Fast food combo meal
McDonalds, or similar
|
$10.37
|
$16.45
ISK2,248
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.44
|
$2.70
ISK369
|
|
| Bottle of water (11 fl. oz) |
$1.98
|
$1.95
ISK267
|
|
pay 2.8% more for groceries
|
United States
|
Iceland
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$3.43
|
$3.16
ISK431
|
|
| Local cheese (8 oz) |
$6.30
|
$6.72
ISK918
|
|
| Milk (1 gallon) |
$3.93
|
$6.27
ISK857
|
|
|
Eggs
1 dozen
|
$3.52
|
$6.03
ISK824
|
|
| Boneless chicken breast (1 lb) |
$5.12
|
$7.60
ISK1,039
|
|
| Apples (1 lb) |
$2.31
|
$1.13
ISK154
|
|
| Bananas (1 lb) |
$0.76
|
$1.01
ISK138
|
|
| Oranges (1 lb) |
$2.03
|
$1.15
ISK158
|
|
| Tomatoes (1 lb) |
$2.13
|
$1.71
ISK234
|
|
| Potatoes (1 lb) |
$1.32
|
$1.13
ISK155
|
|
| Onions (1 lb) |
$1.38
|
$0.68
ISK93
|
|
pay 48.5% more for transportation
|
United States
|
Iceland
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$3.61
|
$8.42
ISK1,151
|
|
| Monthly public transit pass |
$65.73
|
$68.29
ISK9,332
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$31,580.82
|
$39,714.69
ISK5,427,013
|
|
| Taxi trip in downtown area (5 miles) |
$17.71
|
$23.23
ISK3,174
|
|
pay 14.1% less for housing
|
United States
|
Iceland
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$67.34
|
$74.47
ISK10,177
|
|
| 1-Bedroom apartment in downtown area |
$1,635.84
|
$1,518.94
ISK207,563
|
|
| 1-Bedroom apartment outside city center |
$1,397.18
|
$1,325.48
ISK181,127
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$148.42
|
$66.99
ISK9,154
|
|
pay 77.5% less for childcare
|
United States
|
Iceland
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$1,344.29
|
$254.97
ISK34,841
|
|
| Middle school for 1 child, two semesters |
$23,001.10
|
$5,993.83
ISK819,056
|
|
pay 19.3% more for entertainment and sports
|
United States
|
Iceland
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$5.73
|
$9.37
ISK1,281
|
|
| Cappuccino in mid-range area |
$4.97
|
$4.61
ISK630
|
|
|
Pack of cigarettes
Marlboro or similar
|
$9.54
|
$11.22
ISK1,533
|
|
| Monthly membership at local gym |
$51.32
|
$60.00
ISK8,199
|
|
| Movie ticket to theater/cinema |
$13.21
|
$13.94
ISK1,905
|
|
pay 70.8% more for clothing
|
United States
|
Iceland
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$50.12
|
$108.23
ISK14,790
|
|
|
Regular dress
from H&M or similar store
|
$40.92
|
$59.73
ISK8,162
|
|
|
Running shoes
Nike or Adidas
|
$85.55
|
$146.94
ISK20,079
|
|
| Men's business shoes (leather) |
$113.11
|
$169.24
ISK23,127
|
|
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