Cost of living comparison
Iceland is 3.9% cheaper than Chicago.
- Restaurants
-
pay 0.7% more in Iceland
- Groceries
-
pay 4.4% less in Iceland
- Transportation
-
pay 44.0% more in Iceland
- Housing
-
pay 13.5% less in Iceland
- Childcare
-
pay 87.7% less in Iceland
- Entertainment and Sports
-
pay 7.9% less in Iceland
- Clothing
-
pay 41.4% more in Iceland
The cost of transportation, clothing, and restaurants in Iceland are more expensive than in Chicago. Expenses including childcare, housing, entertainment and sports, and groceries are lower in Iceland.
If you lived in Iceland instead of Chicago, you would:
pay 0.7% more for restaurants
|
Chicago
|
Iceland
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$25.00
|
$19.40
ISK2,711
|
|
|
Fast food combo meal
McDonalds, or similar
|
$11.34
|
$16.94
ISK2,368
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$3.02
|
$2.81
ISK393
|
|
| Bottle of water (11 fl. oz) |
$2.44
|
$2.02
ISK283
|
|
pay 4.4% less for groceries
|
Chicago
|
Iceland
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$4.19
|
$2.95
ISK413
|
|
| Local cheese (8 oz) |
$7.87
|
$7.27
ISK1,016
|
|
| Milk (1 gallon) |
$3.94
|
$6.01
ISK840
|
|
|
Eggs
1 dozen
|
$3.75
|
$5.42
ISK757
|
|
| Boneless chicken breast (1 lb) |
$6.63
|
$8.51
ISK1,189
|
|
| Apples (1 lb) |
$2.44
|
$1.22
ISK171
|
|
| Bananas (1 lb) |
$0.90
|
$1.03
ISK143
|
|
| Oranges (1 lb) |
$2.19
|
$1.17
ISK164
|
|
| Tomatoes (1 lb) |
$2.27
|
$1.87
ISK262
|
|
| Potatoes (1 lb) |
$1.16
|
$1.23
ISK173
|
|
| Onions (1 lb) |
$1.37
|
$0.78
ISK110
|
|
pay 44.0% more for transportation
|
Chicago
|
Iceland
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$4.16
|
$8.36
ISK1,169
|
|
| Monthly public transit pass |
$75.00
|
$71.28
ISK9,963
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$31,965.00
|
$40,660.66
ISK5,683,547
|
|
| Taxi trip in downtown area (5 miles) |
$14.43
|
$22.04
ISK3,080
|
|
pay 13.5% less for housing
|
Chicago
|
Iceland
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$58.52
|
$72.17
ISK10,089
|
|
| 1-Bedroom apartment in downtown area |
$2,360.96
|
$1,838.04
ISK256,921
|
|
| 1-Bedroom apartment outside city center |
$1,512.92
|
$1,497.77
ISK209,358
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$126.63
|
$58.01
ISK8,109
|
|
pay 87.7% less for childcare
|
Chicago
|
Iceland
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$2,475.00
|
$258.16
ISK36,086
|
|
| Middle school for 1 child, two semesters |
$42,300.00
|
$5,993.99
ISK837,840
|
|
pay 7.9% less for entertainment and sports
|
Chicago
|
Iceland
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$7.50
|
$9.19
ISK1,284
|
|
| Cappuccino in mid-range area |
$5.30
|
$4.65
ISK650
|
|
|
Pack of cigarettes
Marlboro or similar
|
$17.00
|
$11.76
ISK1,643
|
|
| Monthly membership at local gym |
$72.00
|
$61.46
ISK8,591
|
|
| Movie ticket to theater/cinema |
$15.00
|
$14.35
ISK2,006
|
|
pay 41.4% more for clothing
|
Chicago
|
Iceland
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$64.98
|
$111.23
ISK15,548
|
|
|
Regular dress
from H&M or similar store
|
$51.67
|
$59.69
ISK8,343
|
|
|
Running shoes
Nike or Adidas
|
$97.00
|
$148.00
ISK20,687
|
|
| Men's business shoes (leather) |
$146.00
|
$184.49
ISK25,789
|
|
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