Iceland is 2.9 times more expensive than Venezuela.

If you lived in Iceland instead of Venezuela, you would:

Display currency: USD

pay 2.2 times more for restaurants

 
Venezuela
Iceland
Basic meal with drink at inexpensive restaurant $7.68
VEF76.60
$19.51
ISK2,697
Fast food combo meal
McDonalds, or similar
$9.60
VEF95.79
$16.45
ISK2,273
Bottle of Coca-Cola (11 fl. oz) $1.19
VEF11.89
$2.70
ISK374

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pay 86.8% more for groceries

 
Venezuela
Iceland
Bread
1 loaf
$1.87
VEF18.61
$3.16
ISK436
Local cheese (8 oz) $2.43
VEF24.23
$6.72
ISK928
Milk (1 gallon) $6.65
VEF66.31
$6.27
ISK867

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pay 2.2 times more for transportation

 
Venezuela
Iceland
Gasoline (1 gallon) $1.90
VEF18.91
$8.42
ISK1,164
Monthly public transit pass $34.14
VEF340.56
$68.29
ISK9,438
New Volkswagen Golf 1.4 (standard edition) $31,277.78
VEF311,980.23
$39,714.69
ISK5,488,570

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pay 6.0 times more for housing

 
Venezuela
Iceland
Internet connection
50 mbps or faster, cable/dsl
$38.05
VEF379.56
$74.47
ISK10,292
1-Bedroom apartment in downtown area $176.74
VEF1,762.92
$1,518.94
ISK209,917
1-Bedroom apartment outside city center $133.41
VEF1,330.69
$1,325.48
ISK183,181

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pay 2.5 times more for childcare

 
Venezuela
Iceland
Private preschool for 1 child, monthly $61.90
VEF617.38
$254.97
ISK35,236
Middle school for 1 child, two semesters $7,090.00
VEF70,719.21
$5,993.83
ISK828,347

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pay 3.4 times more for entertainment and sports

 
Venezuela
Iceland
Domestic/local beer (1 pint) $1.31
VEF13.12
$9.37
ISK1,296
Cappuccino in mid-range area $2.05
VEF20.45
$4.61
ISK637
Pack of cigarettes
Marlboro or similar
$3.26
VEF32.56
$11.22
ISK1,550

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pay 94.9% more for clothing

 
Venezuela
Iceland
Regular jeans
Levi's brand
$51.51
VEF513.76
$108.23
ISK14,958
Regular dress
from H&M or similar store
$36.63
VEF365.35
$59.73
ISK8,255
Running shoes
Nike or Adidas
$82.19
VEF819.78
$146.94
ISK20,307

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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: May 2024
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