Cost of living comparison
Iceland is 9.5% cheaper than Boston.
- Restaurants
-
pay 2.1% less in Iceland
- Groceries
-
pay 20.6% less in Iceland
- Transportation
-
pay 42.1% more in Iceland
- Housing
-
pay 35.6% less in Iceland
- Childcare
-
pay 82.7% less in Iceland
- Entertainment and Sports
-
pay 11.8% less in Iceland
- Clothing
-
pay 44.3% more in Iceland
The cost of clothing and transportation in Iceland are more expensive than in Boston. Expenses including childcare, housing, groceries, entertainment and sports, and restaurants are lower in Iceland.
If you lived in Iceland instead of Boston, you would:
pay 2.1% less for restaurants
|
Boston
|
Iceland
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$22.00
|
$19.40
ISK2,711
|
|
|
Fast food combo meal
McDonalds, or similar
|
$12.55
|
$16.94
ISK2,368
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$3.14
|
$2.81
ISK393
|
|
| Bottle of water (11 fl. oz) |
$2.56
|
$2.02
ISK283
|
|
pay 20.6% less for groceries
|
Boston
|
Iceland
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$4.39
|
$2.95
ISK413
|
|
| Local cheese (8 oz) |
$9.48
|
$7.27
ISK1,016
|
|
| Milk (1 gallon) |
$4.97
|
$6.01
ISK840
|
|
|
Eggs
1 dozen
|
$4.43
|
$5.42
ISK757
|
|
| Boneless chicken breast (1 lb) |
$6.22
|
$8.51
ISK1,189
|
|
| Apples (1 lb) |
$2.50
|
$1.22
ISK171
|
|
| Bananas (1 lb) |
$1.02
|
$1.03
ISK143
|
|
| Oranges (1 lb) |
$3.23
|
$1.17
ISK164
|
|
| Tomatoes (1 lb) |
$3.19
|
$1.87
ISK262
|
|
| Potatoes (1 lb) |
$2.08
|
$1.23
ISK173
|
|
| Onions (1 lb) |
$1.72
|
$0.78
ISK110
|
|
pay 42.1% more for transportation
|
Boston
|
Iceland
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$3.64
|
$8.36
ISK1,169
|
|
| Monthly public transit pass |
$90.00
|
$71.28
ISK9,963
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$32,000.00
|
$40,660.66
ISK5,683,547
|
|
| Taxi trip in downtown area (5 miles) |
$16.62
|
$22.04
ISK3,080
|
|
pay 35.6% less for housing
|
Boston
|
Iceland
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$70.88
|
$72.17
ISK10,089
|
|
| 1-Bedroom apartment in downtown area |
$3,280.96
|
$1,838.04
ISK256,921
|
|
| 1-Bedroom apartment outside city center |
$2,453.85
|
$1,497.77
ISK209,358
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$148.96
|
$58.01
ISK8,109
|
|
pay 82.7% less for childcare
|
Boston
|
Iceland
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$2,428.57
|
$258.16
ISK36,086
|
|
| Middle school for 1 child, two semesters |
$25,000.00
|
$5,993.99
ISK837,840
|
|
pay 11.8% less for entertainment and sports
|
Boston
|
Iceland
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$8.00
|
$9.19
ISK1,284
|
|
| Cappuccino in mid-range area |
$5.79
|
$4.65
ISK650
|
|
|
Pack of cigarettes
Marlboro or similar
|
$13.83
|
$11.76
ISK1,643
|
|
| Monthly membership at local gym |
$86.18
|
$61.46
ISK8,591
|
|
| Movie ticket to theater/cinema |
$16.00
|
$14.35
ISK2,006
|
|
pay 44.3% more for clothing
|
Boston
|
Iceland
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$64.32
|
$111.23
ISK15,548
|
|
|
Regular dress
from H&M or similar store
|
$43.83
|
$59.69
ISK8,343
|
|
|
Running shoes
Nike or Adidas
|
$98.17
|
$148.00
ISK20,687
|
|
| Men's business shoes (leather) |
$157.18
|
$184.49
ISK25,789
|
|
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