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
ISK2,504
|
|
Fast food combo meal
McDonalds, or similar
|
$9.28
|
$14.27
ISK2,003
|
|
Bottle of Coca-Cola (11 fl. oz) |
$2.24
|
$2.32
ISK325
|
|
Bottle of water (11 fl. oz) |
$1.77
|
$2.12
ISK298
|
|
pay 2.8% less for groceries
United States
|
Iceland
|
||
---|---|---|---|
Bread
1 loaf
|
$3.17
|
$3.42
ISK481
|
|
Local cheese (8 oz) |
$5.93
|
$5.98
ISK840
|
|
Milk (1 gallon) |
$3.83
|
$5.33
ISK748
|
|
Eggs
1 dozen
|
$4.01
|
$5.66
ISK794
|
|
Boneless chicken breast (1 lb) |
$5.32
|
$7.09
ISK996
|
|
Apples (1 lb) |
$2.19
|
$1.16
ISK163
|
|
Bananas (1 lb) |
$0.76
|
$0.98
ISK138
|
|
Oranges (1 lb) |
$1.93
|
$1.17
ISK164
|
|
Tomatoes (1 lb) |
$2.05
|
$1.84
ISK258
|
|
Potatoes (1 lb) |
$1.29
|
$0.96
ISK134
|
|
Onions (1 lb) |
$1.27
|
$0.51
ISK72
|
|
pay 50.3% more for transportation
United States
|
Iceland
|
||
---|---|---|---|
Gasoline (1 gallon) |
$3.72
|
$8.03
ISK1,128
|
|
Monthly public transit pass |
$63.08
|
$77.40
ISK10,866
|
|
New Volkswagen Golf 1.4 (standard edition) |
$25,096.27
|
$29,836.83
ISK4,189,091
|
|
Taxi trip in downtown area (5 miles) |
$16.64
|
$23.97
ISK3,365
|
|
pay 18.4% less for housing
United States
|
Iceland
|
||
---|---|---|---|
Internet connection
50 mbps or faster, cable/dsl
|
$70.73
|
$62.40
ISK8,761
|
|
1-Bedroom apartment in downtown area |
$1,528.07
|
$1,437.14
ISK201,775
|
|
1-Bedroom apartment outside city center |
$1,282.97
|
$1,215.63
ISK170,674
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$138.81
|
$68.63
ISK9,636
|
|
pay 80.0% less for childcare
United States
|
Iceland
|
||
---|---|---|---|
Private preschool for 1 child, monthly |
$1,137.97
|
$259.34
ISK36,412
|
|
Middle school for 1 child, two semesters |
$15,943.15
|
$2,750.10
ISK386,114
|
|
pay 23.1% more for entertainment and sports
United States
|
Iceland
|
||
---|---|---|---|
Domestic/local beer (1 pint) |
$5.19
|
$8.52
ISK1,196
|
|
Cappuccino in mid-range area |
$4.51
|
$4.15
ISK583
|
|
Pack of cigarettes
Marlboro or similar
|
$8.57
|
$10.64
ISK1,493
|
|
Monthly membership at local gym |
$42.79
|
$56.90
ISK7,989
|
|
Movie ticket to theater/cinema |
$12.04
|
$12.27
ISK1,723
|
|
pay 86.8% more for clothing
United States
|
Iceland
|
||
---|---|---|---|
Regular jeans
Levi's brand
|
$45.40
|
$118.08
ISK16,578
|
|
Regular dress
from H&M or similar store
|
$36.73
|
$50.39
ISK7,075
|
|
Running shoes
Nike or Adidas
|
$79.51
|
$151.12
ISK21,217
|
|
Men's business shoes (leather) |
$109.59
|
$175.20
ISK24,598
|
|
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