Cost of living comparison
Iceland is 9.2% cheaper than Boston.
If you lived in Iceland instead of Boston, you would:
pay 1.3% less for restaurants
|
Boston
|
Iceland
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$22.50
|
$19.51
ISK2,695
|
|
|
Fast food combo meal
McDonalds, or similar
|
$12.00
|
$16.45
ISK2,272
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.86
|
$2.70
ISK373
|
|
| Bottle of water (11 fl. oz) |
$2.56
|
$1.95
ISK270
|
|
pay 21.6% less for groceries
|
Boston
|
Iceland
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$4.41
|
$3.16
ISK436
|
|
| Local cheese (8 oz) |
$10.47
|
$6.72
ISK928
|
|
| Milk (1 gallon) |
$4.84
|
$6.27
ISK866
|
|
|
Eggs
1 dozen
|
$4.79
|
$6.03
ISK833
|
|
| Boneless chicken breast (1 lb) |
$6.42
|
$7.60
ISK1,050
|
|
| Apples (1 lb) |
$2.59
|
$1.13
ISK156
|
|
| Bananas (1 lb) |
$0.96
|
$1.01
ISK139
|
|
| Oranges (1 lb) |
$2.83
|
$1.15
ISK160
|
|
| Tomatoes (1 lb) |
$2.95
|
$1.71
ISK237
|
|
| Potatoes (1 lb) |
$1.72
|
$1.13
ISK156
|
|
| Onions (1 lb) |
$1.70
|
$0.68
ISK94
|
|
pay 45.5% more for transportation
|
Boston
|
Iceland
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$3.58
|
$8.42
ISK1,163
|
|
| Monthly public transit pass |
$90.00
|
$68.29
ISK9,433
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$30,000.00
|
$39,714.69
ISK5,485,393
|
|
| Taxi trip in downtown area (5 miles) |
$16.72
|
$23.23
ISK3,208
|
|
pay 35.5% less for housing
|
Boston
|
Iceland
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$69.92
|
$74.47
ISK10,286
|
|
| 1-Bedroom apartment in downtown area |
$3,145.77
|
$1,518.94
ISK209,796
|
|
| 1-Bedroom apartment outside city center |
$2,256.09
|
$1,325.48
ISK183,075
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$150.95
|
$66.99
ISK9,253
|
|
pay 84.0% less for childcare
|
Boston
|
Iceland
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$2,416.67
|
$254.97
ISK35,216
|
|
| Middle school for 1 child, two semesters |
$28,000.00
|
$5,993.83
ISK827,867
|
|
pay 13.7% less for entertainment and sports
|
Boston
|
Iceland
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$8.00
|
$9.37
ISK1,295
|
|
| Cappuccino in mid-range area |
$5.62
|
$4.61
ISK637
|
|
|
Pack of cigarettes
Marlboro or similar
|
$13.66
|
$11.22
ISK1,549
|
|
| Monthly membership at local gym |
$95.56
|
$60.00
ISK8,287
|
|
| Movie ticket to theater/cinema |
$16.00
|
$13.94
ISK1,926
|
|
pay 46.2% more for clothing
|
Boston
|
Iceland
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$58.78
|
$108.23
ISK14,949
|
|
|
Regular dress
from H&M or similar store
|
$44.64
|
$59.73
ISK8,250
|
|
|
Running shoes
Nike or Adidas
|
$92.89
|
$146.94
ISK20,295
|
|
| Men's business shoes (leather) |
$155.69
|
$169.24
ISK23,375
|
|
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