Cost of living comparison
Iceland is 2.4 times more expensive than Armenia.
If you lived in Iceland instead of Armenia, you would:
pay 2.8 times more for restaurants
|
Armenia
|
Iceland
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$10.61
AMD4,173.36
|
$19.40
ISK2,699
|
|
|
Fast food combo meal
McDonalds, or similar
|
$9.00
AMD3,541.03
|
$16.94
ISK2,357
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$0.86
AMD338.64
|
$2.81
ISK391
|
|
| Bottle of water (11 fl. oz) |
$0.49
AMD193.30
|
$2.02
ISK281
|
|
pay 2.4 times more for groceries
|
Armenia
|
Iceland
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$0.70
AMD274.37
|
$2.95
ISK411
|
|
| Local cheese (8 oz) |
$3.88
AMD1,527.11
|
$7.27
ISK1,011
|
|
| Milk (1 gallon) |
$5.47
AMD2,152.77
|
$6.01
ISK836
|
|
|
Eggs
1 dozen
|
$2.20
AMD863.70
|
$5.42
ISK754
|
|
| Boneless chicken breast (1 lb) |
$3.20
AMD1,260.28
|
$8.51
ISK1,184
|
|
| Apples (1 lb) |
$0.56
AMD219.61
|
$1.22
ISK170
|
|
| Bananas (1 lb) |
$0.73
AMD288.47
|
$1.03
ISK143
|
|
| Oranges (1 lb) |
$0.64
AMD251.05
|
$1.17
ISK163
|
|
| Tomatoes (1 lb) |
$0.80
AMD313.09
|
$1.87
ISK261
|
|
| Potatoes (1 lb) |
$0.34
AMD132.02
|
$1.23
ISK172
|
|
| Onions (1 lb) |
$0.31
AMD123.67
|
$0.78
ISK109
|
|
pay 3.6 times more for transportation
|
Armenia
|
Iceland
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$4.63
AMD1,819.39
|
$8.36
ISK1,163
|
|
| Monthly public transit pass |
$12.86
AMD5,058.61
|
$71.28
ISK9,917
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$30,864.95
AMD12,140,672.81
|
$40,660.66
ISK5,657,118
|
|
| Taxi trip in downtown area (5 miles) |
$3.76
AMD1,477.12
|
$22.04
ISK3,066
|
|
pay 2.6 times more for housing
|
Armenia
|
Iceland
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$19.21
AMD7,555.85
|
$72.17
ISK10,042
|
|
| 1-Bedroom apartment in downtown area |
$684.28
AMD269,158.75
|
$1,838.04
ISK255,726
|
|
| 1-Bedroom apartment outside city center |
$447.92
AMD176,187.68
|
$1,497.77
ISK208,385
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$89.01
AMD35,010.92
|
$58.01
ISK8,072
|
|
pay 19.2% less for childcare
|
Armenia
|
Iceland
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$270.71
AMD106,483.82
|
$258.16
ISK35,918
|
|
| Middle school for 1 child, two semesters |
$9,038.40
AMD3,555,238.66
|
$5,993.99
ISK833,944
|
|
pay 3.0 times more for entertainment and sports
|
Armenia
|
Iceland
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$1.67
AMD657.62
|
$9.19
ISK1,278
|
|
| Cappuccino in mid-range area |
$2.87
AMD1,127.76
|
$4.65
ISK647
|
|
|
Pack of cigarettes
Marlboro or similar
|
$2.57
AMD1,011.72
|
$11.76
ISK1,636
|
|
| Monthly membership at local gym |
$67.15
AMD26,414.97
|
$61.46
ISK8,551
|
|
| Movie ticket to theater/cinema |
$5.79
AMD2,276.38
|
$14.35
ISK1,996
|
|
pay 56.1% more for clothing
|
Armenia
|
Iceland
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$70.99
AMD27,924.28
|
$111.23
ISK15,476
|
|
|
Regular dress
from H&M or similar store
|
$51.27
AMD20,166.34
|
$59.69
ISK8,305
|
|
|
Running shoes
Nike or Adidas
|
$139.93
AMD55,040.37
|
$148.00
ISK20,591
|
|
| Men's business shoes (leather) |
$75.15
AMD29,559.90
|
$184.49
ISK25,669
|
|
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