Cost of living comparison
Iceland is 4.1% more expensive than Alaska.
If you lived in Iceland instead of Alaska, you would:
pay 3.5% more for restaurants
|
Alaska
|
Iceland
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$26.50
|
$19.40
ISK2,675
|
|
|
Fast food combo meal
McDonalds, or similar
|
$12.71
|
$16.94
ISK2,336
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.60
|
$2.81
ISK388
|
|
| Bottle of water (11 fl. oz) |
$2.03
|
$2.02
ISK279
|
|
pay 12.9% less for groceries
|
Alaska
|
Iceland
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$4.74
|
$2.95
ISK407
|
|
| Local cheese (8 oz) |
$7.90
|
$7.27
ISK1,002
|
|
| Milk (1 gallon) |
$4.55
|
$6.01
ISK828
|
|
|
Eggs
1 dozen
|
$3.69
|
$5.42
ISK747
|
|
| Boneless chicken breast (1 lb) |
$6.20
|
$8.51
ISK1,173
|
|
| Apples (1 lb) |
$3.35
|
$1.22
ISK169
|
|
| Bananas (1 lb) |
$1.11
|
$1.03
ISK142
|
|
| Oranges (1 lb) |
$2.54
|
$1.17
ISK161
|
|
| Tomatoes (1 lb) |
$2.93
|
$1.87
ISK258
|
|
| Potatoes (1 lb) |
$1.26
|
$1.23
ISK170
|
|
| Onions (1 lb) |
$1.56
|
$0.78
ISK108
|
|
pay 53.0% more for transportation
|
Alaska
|
Iceland
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$4.22
|
$8.36
ISK1,153
|
|
| Monthly public transit pass |
$51.67
|
$71.28
ISK9,828
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$27,113.17
|
$40,660.66
ISK5,606,292
|
|
| Taxi trip in downtown area (5 miles) |
$17.54
|
$22.04
ISK3,038
|
|
pay 16.8% less for housing
|
Alaska
|
Iceland
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$122.81
|
$72.17
ISK9,951
|
|
| 1-Bedroom apartment in downtown area |
$1,483.44
|
$1,838.04
ISK253,429
|
|
| 1-Bedroom apartment outside city center |
$1,298.81
|
$1,497.77
ISK206,513
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$165.96
|
$58.01
ISK7,999
|
|
pay 57.3% less for childcare
|
Alaska
|
Iceland
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$943.88
|
$258.16
ISK35,596
|
|
| Middle school for 1 child, two semesters |
$10,350.00
|
$5,993.99
ISK826,452
|
|
pay 2.3% less for entertainment and sports
|
Alaska
|
Iceland
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$7.04
|
$9.19
ISK1,267
|
|
| Cappuccino in mid-range area |
$4.94
|
$4.65
ISK641
|
|
|
Pack of cigarettes
Marlboro or similar
|
$12.02
|
$11.76
ISK1,621
|
|
| Monthly membership at local gym |
$105.42
|
$61.46
ISK8,474
|
|
| Movie ticket to theater/cinema |
$13.32
|
$14.35
ISK1,978
|
|
pay 61.5% more for clothing
|
Alaska
|
Iceland
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$54.68
|
$111.23
ISK15,336
|
|
|
Regular dress
from H&M or similar store
|
$48.00
|
$59.69
ISK8,230
|
|
|
Running shoes
Nike or Adidas
|
$87.93
|
$148.00
ISK20,406
|
|
| Men's business shoes (leather) |
$123.00
|
$184.49
ISK25,438
|
|
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