Cost of living comparison
United States is 44.5% more expensive than Iceland.
If you lived in United States instead of Iceland, you would:
pay 13.2% less for restaurants
Iceland
|
United States
|
||
---|---|---|---|
Basic meal with drink at inexpensive restaurant |
$19.51
ISK2,697
|
$18.02
|
|
Fast food combo meal
McDonalds, or similar
|
$16.45
ISK2,273
|
$10.37
|
|
Bottle of Coca-Cola (11 fl. oz) |
$2.70
ISK374
|
$2.44
|
|
Bottle of water (11 fl. oz) |
$1.95
ISK270
|
$1.98
|
|
pay 17.5% more for groceries
Iceland
|
United States
|
||
---|---|---|---|
Bread
1 loaf
|
$3.16
ISK436
|
$3.43
|
|
Local cheese (8 oz) |
$6.72
ISK928
|
$6.30
|
|
Milk (1 gallon) |
$6.27
ISK867
|
$3.93
|
|
Eggs
1 dozen
|
$6.03
ISK833
|
$3.52
|
|
Boneless chicken breast (1 lb) |
$7.60
ISK1,050
|
$5.12
|
|
Apples (1 lb) |
$1.13
ISK156
|
$2.31
|
|
Bananas (1 lb) |
$1.01
ISK139
|
$0.76
|
|
Oranges (1 lb) |
$1.15
ISK160
|
$2.03
|
|
Tomatoes (1 lb) |
$1.71
ISK237
|
$2.13
|
|
Potatoes (1 lb) |
$1.13
ISK156
|
$1.32
|
|
Onions (1 lb) |
$0.68
ISK94
|
$1.38
|
|
pay 26.3% less for transportation
Iceland
|
United States
|
||
---|---|---|---|
Gasoline (1 gallon) |
$8.42
ISK1,164
|
$3.61
|
|
Monthly public transit pass |
$68.29
ISK9,438
|
$65.73
|
|
New Volkswagen Golf 1.4 (standard edition) |
$39,714.69
ISK5,488,570
|
$31,580.82
|
|
Taxi trip in downtown area (5 miles) |
$23.23
ISK3,210
|
$17.71
|
|
pay 31.3% more for housing
Iceland
|
United States
|
||
---|---|---|---|
Internet connection
50 mbps or faster, cable/dsl
|
$74.47
ISK10,292
|
$67.34
|
|
1-Bedroom apartment in downtown area |
$1,518.94
ISK209,917
|
$1,635.84
|
|
1-Bedroom apartment outside city center |
$1,325.48
ISK183,181
|
$1,397.18
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$66.99
ISK9,258
|
$148.42
|
|
pay 4.6 times more for childcare
Iceland
|
United States
|
||
---|---|---|---|
Private preschool for 1 child, monthly |
$254.97
ISK35,236
|
$1,344.29
|
|
Middle school for 1 child, two semesters |
$5,993.83
ISK828,347
|
$23,001.10
|
|
pay 13.2% less for entertainment and sports
Iceland
|
United States
|
||
---|---|---|---|
Domestic/local beer (1 pint) |
$9.37
ISK1,296
|
$5.73
|
|
Cappuccino in mid-range area |
$4.61
ISK637
|
$4.97
|
|
Pack of cigarettes
Marlboro or similar
|
$11.22
ISK1,550
|
$9.54
|
|
Monthly membership at local gym |
$60.00
ISK8,292
|
$51.32
|
|
Movie ticket to theater/cinema |
$13.94
ISK1,927
|
$13.21
|
|
pay 40.0% less for clothing
Iceland
|
United States
|
||
---|---|---|---|
Regular jeans
Levi's brand
|
$108.23
ISK14,958
|
$50.12
|
|
Regular dress
from H&M or similar store
|
$59.73
ISK8,255
|
$40.92
|
|
Running shoes
Nike or Adidas
|
$146.94
ISK20,307
|
$85.55
|
|
Men's business shoes (leather) |
$169.24
ISK23,389
|
$113.11
|
|
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