Cost of living comparison
Iceland is 16.9% more expensive than Arizona.
- Restaurants
-
pay 15.5% more in Iceland
- Groceries
-
pay 14.7% more in Iceland
- Transportation
-
pay 56.7% more in Iceland
- Housing
-
pay 12.9% less in Iceland
- Childcare
-
pay 63.2% less in Iceland
- Entertainment and Sports
-
pay 30.9% more in Iceland
- Clothing
-
pay 76.4% more in Iceland
The cost of clothing, transportation, entertainment and sports, restaurants, and groceries in Iceland are more expensive than in Arizona. Expenses including childcare and housing are lower in Iceland. Notably, clothing is significantly more expensive in Iceland.
If you lived in Iceland instead of Arizona, you would:
pay 15.5% more for restaurants
|
Arizona
|
Iceland
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$19.56
|
$19.40
ISK2,534
|
|
|
Fast food combo meal
McDonalds, or similar
|
$10.75
|
$16.94
ISK2,213
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.58
|
$2.81
ISK367
|
|
| Bottle of water (11 fl. oz) |
$2.10
|
$2.02
ISK264
|
|
pay 14.7% more for groceries
|
Arizona
|
Iceland
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$3.49
|
$2.95
ISK386
|
|
| Local cheese (8 oz) |
$5.20
|
$7.27
ISK949
|
|
| Milk (1 gallon) |
$3.50
|
$6.01
ISK784
|
|
|
Eggs
1 dozen
|
$3.75
|
$5.42
ISK708
|
|
| Boneless chicken breast (1 lb) |
$5.37
|
$8.51
ISK1,111
|
|
| Apples (1 lb) |
$2.11
|
$1.22
ISK160
|
|
| Bananas (1 lb) |
$0.70
|
$1.03
ISK134
|
|
| Oranges (1 lb) |
$1.71
|
$1.17
ISK153
|
|
| Tomatoes (1 lb) |
$1.68
|
$1.87
ISK245
|
|
| Potatoes (1 lb) |
$1.13
|
$1.23
ISK161
|
|
| Onions (1 lb) |
$1.12
|
$0.78
ISK102
|
|
pay 56.7% more for transportation
|
Arizona
|
Iceland
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$3.79
|
$8.36
ISK1,092
|
|
| Monthly public transit pass |
$53.40
|
$71.28
ISK9,310
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$31,537.50
|
$40,660.66
ISK5,310,689
|
|
| Taxi trip in downtown area (5 miles) |
$15.33
|
$22.04
ISK2,878
|
|
pay 12.9% less for housing
|
Arizona
|
Iceland
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$80.87
|
$72.17
ISK9,427
|
|
| 1-Bedroom apartment in downtown area |
$1,573.68
|
$1,838.04
ISK240,066
|
|
| 1-Bedroom apartment outside city center |
$1,370.59
|
$1,497.77
ISK195,624
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$175.39
|
$58.01
ISK7,577
|
|
pay 63.2% less for childcare
|
Arizona
|
Iceland
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$1,069.58
|
$258.16
ISK33,719
|
|
| Middle school for 1 child, two semesters |
$12,135.00
|
$5,993.99
ISK782,876
|
|
pay 30.9% more for entertainment and sports
|
Arizona
|
Iceland
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$5.76
|
$9.19
ISK1,200
|
|
| Cappuccino in mid-range area |
$5.21
|
$4.65
ISK607
|
|
|
Pack of cigarettes
Marlboro or similar
|
$9.94
|
$11.76
ISK1,535
|
|
| Monthly membership at local gym |
$36.12
|
$61.46
ISK8,027
|
|
| Movie ticket to theater/cinema |
$12.21
|
$14.35
ISK1,874
|
|
pay 76.4% more for clothing
|
Arizona
|
Iceland
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$52.15
|
$111.23
ISK14,528
|
|
|
Regular dress
from H&M or similar store
|
$41.56
|
$59.69
ISK7,796
|
|
|
Running shoes
Nike or Adidas
|
$86.98
|
$148.00
ISK19,330
|
|
| Men's business shoes (leather) |
$103.25
|
$184.49
ISK24,097
|
|
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