Cost of living comparison
Iceland is 2.9 times more expensive than Valencia.
If you lived in Iceland instead of Valencia, you would:
pay 91.8% more for restaurants
Valencia
|
Iceland
|
||
---|---|---|---|
Basic meal with drink at inexpensive restaurant |
$10.00
VEF99.75
|
$17.84
ISK2,489
|
|
Fast food combo meal
McDonalds, or similar
|
$9.00
VEF89.77
|
$14.27
ISK1,991
|
|
Bottle of Coca-Cola (11 fl. oz) |
$1.25
VEF12.47
|
$2.32
ISK323
|
|
Bottle of water (11 fl. oz) |
$0.87
VEF8.65
|
$2.12
ISK296
|
|
pay 83.7% more for groceries
Valencia
|
Iceland
|
||
---|---|---|---|
Bread
1 loaf
|
$2.15
VEF21.45
|
$3.42
ISK478
|
|
Local cheese (8 oz) |
$2.04
VEF20.31
|
$5.98
ISK835
|
|
Milk (1 gallon) |
$7.06
VEF70.44
|
$5.33
ISK743
|
|
Eggs
1 dozen
|
$2.29
VEF22.79
|
$5.66
ISK790
|
|
Boneless chicken breast (1 lb) |
$2.18
VEF21.78
|
$7.09
ISK990
|
|
Apples (1 lb) |
$1.87
VEF18.65
|
$1.16
ISK162
|
|
Bananas (1 lb) |
$0.49
VEF4.86
|
$0.98
ISK137
|
|
Oranges (1 lb) |
$0.71
VEF7.07
|
$1.17
ISK163
|
|
Tomatoes (1 lb) |
$0.68
VEF6.74
|
$1.84
ISK256
|
|
Potatoes (1 lb) |
$0.64
VEF6.36
|
$0.96
ISK134
|
|
Onions (1 lb) |
$0.74
VEF7.40
|
$0.51
ISK71
|
|
pay 2.1 times more for transportation
Valencia
|
Iceland
|
||
---|---|---|---|
Gasoline (1 gallon) |
$1.89
VEF18.88
|
$8.03
ISK1,121
|
|
Monthly public transit pass |
$57.50
VEF573.53
|
$77.40
ISK10,800
|
|
New Volkswagen Golf 1.4 (standard edition) |
$25,000.00
VEF249,362.52
|
$29,836.83
ISK4,163,431
|
|
Taxi trip in downtown area (5 miles) |
$16.00
VEF159.59
|
$23.97
ISK3,344
|
|
pay 6.3 times more for housing
Valencia
|
Iceland
|
||
---|---|---|---|
Internet connection
50 mbps or faster, cable/dsl
|
$42.00
VEF418.93
|
$62.40
ISK8,708
|
|
1-Bedroom apartment in downtown area |
$157.50
VEF1,570.98
|
$1,437.14
ISK200,539
|
|
1-Bedroom apartment outside city center |
$151.25
VEF1,508.64
|
$1,215.63
ISK169,628
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$10.46
VEF104.34
|
$68.63
ISK9,577
|
|
pay 2.1 times more for childcare
Valencia
|
Iceland
|
||
---|---|---|---|
Private preschool for 1 child, monthly |
$69.78
VEF695.99
|
$259.34
ISK36,189
|
|
Middle school for 1 child, two semesters |
$5,633.33
VEF56,189.69
|
$2,750.10
ISK383,749
|
|
pay 3.5 times more for entertainment and sports
Valencia
|
Iceland
|
||
---|---|---|---|
Domestic/local beer (1 pint) |
$1.00
VEF9.97
|
$8.52
ISK1,189
|
|
Cappuccino in mid-range area |
$1.79
VEF17.82
|
$4.15
ISK579
|
|
Pack of cigarettes
Marlboro or similar
|
$3.50
VEF34.91
|
$10.64
ISK1,484
|
|
Monthly membership at local gym |
$65.00
VEF648.34
|
$56.90
ISK7,940
|
|
Movie ticket to theater/cinema |
$4.50
VEF44.89
|
$12.27
ISK1,713
|
|
pay 2.3 times more for clothing
Valencia
|
Iceland
|
||
---|---|---|---|
Regular jeans
Levi's brand
|
$40.75
VEF406.46
|
$118.08
ISK16,476
|
|
Regular dress
from H&M or similar store
|
$28.33
VEF282.61
|
$50.39
ISK7,031
|
|
Running shoes
Nike or Adidas
|
$75.77
VEF755.76
|
$151.12
ISK21,087
|
|
Men's business shoes (leather) |
$65.25
VEF650.84
|
$175.20
ISK24,447
|
|
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