Cost of living comparison
Iceland is 11.1% more expensive than United States.
If you lived in Iceland instead of United States, you would:
pay 18.8% more for restaurants
|
United States
|
Iceland
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$18.15
|
$17.84
kr2,513
|
|
|
Fast food combo meal
McDonalds, or similar
|
$9.28
|
$14.27
kr2,010
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.24
|
$2.32
kr327
|
|
| Bottle of water (11 fl. oz) |
$1.77
|
$2.12
kr299
|
|
pay 2.8% less for groceries
|
United States
|
Iceland
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$3.17
|
$3.42
kr482
|
|
| Local cheese (8 oz) |
$5.93
|
$5.98
kr843
|
|
| Milk (1 gallon) |
$3.83
|
$5.33
kr750
|
|
|
Eggs
1 dozen
|
$4.01
|
$5.66
kr797
|
|
| Boneless chicken breast (1 lb) |
$5.32
|
$7.09
kr999
|
|
| Apples (1 lb) |
$2.19
|
$1.16
kr164
|
|
| Bananas (1 lb) |
$0.76
|
$0.98
kr138
|
|
| Oranges (1 lb) |
$1.93
|
$1.17
kr165
|
|
| Tomatoes (1 lb) |
$2.05
|
$1.84
kr259
|
|
| Potatoes (1 lb) |
$1.29
|
$0.96
kr135
|
|
| Onions (1 lb) |
$1.27
|
$0.51
kr72
|
|
pay 50.3% more for transportation
|
United States
|
Iceland
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$3.72
|
$8.03
kr1,132
|
|
| Monthly public transit pass |
$63.08
|
$77.40
kr10,905
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$25,096.27
|
$29,836.83
kr4,204,009
|
|
| Taxi trip in downtown area (5 miles) |
$16.64
|
$23.97
kr3,377
|
|
pay 18.4% less for housing
|
United States
|
Iceland
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$70.73
|
$62.40
kr8,793
|
|
| 1-Bedroom apartment in downtown area |
$1,528.07
|
$1,437.14
kr202,493
|
|
| 1-Bedroom apartment outside city center |
$1,282.97
|
$1,215.63
kr171,282
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$138.81
|
$68.63
kr9,670
|
|
pay 80.0% less for childcare
|
United States
|
Iceland
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$1,137.97
|
$259.34
kr36,542
|
|
| Middle school for 1 child, two semesters |
$15,943.15
|
$2,750.10
kr387,489
|
|
pay 23.1% more for entertainment and sports
|
United States
|
Iceland
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$5.19
|
$8.52
kr1,201
|
|
| Cappuccino in mid-range area |
$4.51
|
$4.15
kr585
|
|
|
Pack of cigarettes
Marlboro or similar
|
$8.57
|
$10.64
kr1,498
|
|
| Monthly membership at local gym |
$42.79
|
$56.90
kr8,018
|
|
| Movie ticket to theater/cinema |
$12.04
|
$12.27
kr1,729
|
|
pay 86.8% more for clothing
|
United States
|
Iceland
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$45.40
|
$118.08
kr16,637
|
|
|
Regular dress
from H&M or similar store
|
$36.73
|
$50.39
kr7,100
|
|
|
Running shoes
Nike or Adidas
|
$79.51
|
$151.12
kr21,292
|
|
| Men's business shoes (leather) |
$109.59
|
$175.20
kr24,685
|
|
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