Cost of living comparison
Iceland is 29.6% more expensive than Arkansas.
- Restaurants
-
pay 27.9% more in Iceland
- Groceries
-
pay 26.1% more in Iceland
- Transportation
-
pay 92.5% more in Iceland
- Housing
-
pay 16.8% more in Iceland
- Childcare
-
pay 74.1% less in Iceland
- Entertainment and Sports
-
pay 32.0% more in Iceland
- Clothing
-
pay 86.0% more in Iceland
The cost of transportation, clothing, entertainment and sports, restaurants, groceries, and housing in Iceland are more expensive than in Arkansas. Notably, transportation and clothing are significantly more expensive in Iceland.
If you lived in Iceland instead of Arkansas, you would:
pay 27.9% more for restaurants
|
Arkansas
|
Iceland
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$15.17
|
$19.40
ISK2,534
|
|
|
Fast food combo meal
McDonalds, or similar
|
$10.46
|
$16.94
ISK2,213
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.44
|
$2.81
ISK367
|
|
| Bottle of water (11 fl. oz) |
$1.90
|
$2.02
ISK264
|
|
pay 26.1% more for groceries
|
Arkansas
|
Iceland
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$2.98
|
$2.95
ISK386
|
|
| Local cheese (8 oz) |
$4.73
|
$7.27
ISK949
|
|
| Milk (1 gallon) |
$3.83
|
$6.01
ISK784
|
|
|
Eggs
1 dozen
|
$2.98
|
$5.42
ISK708
|
|
| Boneless chicken breast (1 lb) |
$3.79
|
$8.51
ISK1,111
|
|
| Apples (1 lb) |
$2.13
|
$1.22
ISK160
|
|
| Bananas (1 lb) |
$0.67
|
$1.03
ISK134
|
|
| Oranges (1 lb) |
$1.47
|
$1.17
ISK153
|
|
| Tomatoes (1 lb) |
$1.69
|
$1.87
ISK245
|
|
| Potatoes (1 lb) |
$1.23
|
$1.23
ISK161
|
|
| Onions (1 lb) |
$1.14
|
$0.78
ISK102
|
|
pay 92.5% more for transportation
|
Arkansas
|
Iceland
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$2.96
|
$8.36
ISK1,092
|
|
| Monthly public transit pass |
$35.50
|
$71.28
ISK9,310
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$29,279.05
|
$40,660.66
ISK5,310,689
|
|
| Taxi trip in downtown area (5 miles) |
$14.85
|
$22.04
ISK2,878
|
|
pay 16.8% more for housing
|
Arkansas
|
Iceland
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$64.15
|
$72.17
ISK9,427
|
|
| 1-Bedroom apartment in downtown area |
$1,193.14
|
$1,838.04
ISK240,066
|
|
| 1-Bedroom apartment outside city center |
$915.13
|
$1,497.77
ISK195,624
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$157.55
|
$58.01
ISK7,577
|
|
pay 74.1% less for childcare
|
Arkansas
|
Iceland
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$1,045.28
|
$258.16
ISK33,719
|
|
| Middle school for 1 child, two semesters |
$22,080.00
|
$5,993.99
ISK782,876
|
|
pay 32.0% more for entertainment and sports
|
Arkansas
|
Iceland
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$5.33
|
$9.19
ISK1,200
|
|
| Cappuccino in mid-range area |
$5.13
|
$4.65
ISK607
|
|
|
Pack of cigarettes
Marlboro or similar
|
$7.77
|
$11.76
ISK1,535
|
|
| Monthly membership at local gym |
$45.86
|
$61.46
ISK8,027
|
|
| Movie ticket to theater/cinema |
$12.83
|
$14.35
ISK1,874
|
|
pay 86.0% more for clothing
|
Arkansas
|
Iceland
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$46.46
|
$111.23
ISK14,528
|
|
|
Regular dress
from H&M or similar store
|
$39.79
|
$59.69
ISK7,796
|
|
|
Running shoes
Nike or Adidas
|
$86.01
|
$148.00
ISK19,330
|
|
| Men's business shoes (leather) |
$101.19
|
$184.49
ISK24,097
|
|
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