Cost of living comparison
Iceland is 2.5 times more expensive than Armenia.
If you lived in Iceland instead of Armenia, you would:
pay 3.0 times more for restaurants
|
Armenia
|
Iceland
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$7.69
AMD2,970.85
|
$19.51
ISK2,682
|
|
|
Fast food combo meal
McDonalds, or similar
|
$6.91
AMD2,671.14
|
$16.45
ISK2,261
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$0.90
AMD348.27
|
$2.70
ISK372
|
|
| Bottle of water (11 fl. oz) |
$0.49
AMD187.67
|
$1.95
ISK269
|
|
pay 2.4 times more for groceries
|
Armenia
|
Iceland
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$0.65
AMD249.70
|
$3.16
ISK434
|
|
| Local cheese (8 oz) |
$3.73
AMD1,440.33
|
$6.72
ISK923
|
|
| Milk (1 gallon) |
$5.47
AMD2,116.04
|
$6.27
ISK862
|
|
|
Eggs
1 dozen
|
$2.11
AMD815.07
|
$6.03
ISK829
|
|
| Boneless chicken breast (1 lb) |
$3.10
AMD1,198.09
|
$7.60
ISK1,045
|
|
| Apples (1 lb) |
$0.52
AMD201.64
|
$1.13
ISK155
|
|
| Bananas (1 lb) |
$0.81
AMD313.70
|
$1.01
ISK139
|
|
| Oranges (1 lb) |
$0.73
AMD281.60
|
$1.15
ISK159
|
|
| Tomatoes (1 lb) |
$0.76
AMD293.16
|
$1.71
ISK235
|
|
| Potatoes (1 lb) |
$0.30
AMD117.02
|
$1.13
ISK155
|
|
| Onions (1 lb) |
$0.28
AMD108.00
|
$0.68
ISK94
|
|
pay 3.8 times more for transportation
|
Armenia
|
Iceland
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$4.74
AMD1,833.88
|
$8.42
ISK1,157
|
|
| Monthly public transit pass |
$12.96
AMD5,007.86
|
$68.29
ISK9,387
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$29,372.79
AMD11,353,398.60
|
$39,714.69
ISK5,458,784
|
|
| Taxi trip in downtown area (5 miles) |
$3.33
AMD1,288.53
|
$23.23
ISK3,193
|
|
pay 2.6 times more for housing
|
Armenia
|
Iceland
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$20.16
AMD7,790.77
|
$74.47
ISK10,236
|
|
| 1-Bedroom apartment in downtown area |
$519.26
AMD200,708.20
|
$1,518.94
ISK208,778
|
|
| 1-Bedroom apartment outside city center |
$429.13
AMD165,871.74
|
$1,325.48
ISK182,187
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$89.11
AMD34,445.32
|
$66.99
ISK9,208
|
|
pay 9.1% less for childcare
|
Armenia
|
Iceland
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$232.04
AMD89,689.34
|
$254.97
ISK35,045
|
|
| Middle school for 1 child, two semesters |
$8,339.63
AMD3,223,497.33
|
$5,993.83
ISK823,851
|
|
pay 3.1 times more for entertainment and sports
|
Armenia
|
Iceland
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$1.64
AMD634.27
|
$9.37
ISK1,288
|
|
| Cappuccino in mid-range area |
$2.52
AMD973.86
|
$4.61
ISK634
|
|
|
Pack of cigarettes
Marlboro or similar
|
$2.59
AMD1,001.85
|
$11.22
ISK1,542
|
|
| Monthly membership at local gym |
$45.58
AMD17,617.39
|
$60.00
ISK8,247
|
|
| Movie ticket to theater/cinema |
$5.61
AMD2,169.51
|
$13.94
ISK1,916
|
|
pay 43.3% more for clothing
|
Armenia
|
Iceland
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$75.77
AMD29,288.76
|
$108.23
ISK14,877
|
|
|
Regular dress
from H&M or similar store
|
$54.33
AMD20,998.48
|
$59.73
ISK8,210
|
|
|
Running shoes
Nike or Adidas
|
$106.04
AMD40,986.72
|
$146.94
ISK20,197
|
|
| Men's business shoes (leather) |
$93.12
AMD35,994.62
|
$169.24
ISK23,262
|
|
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