Cost of living comparison
Iceland is 6.4% cheaper than Chicago.
If you lived in Iceland instead of Chicago, you would:
pay 3.2% less for restaurants
|
Chicago
|
Iceland
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$25.00
|
$19.51
ISK2,695
|
|
|
Fast food combo meal
McDonalds, or similar
|
$12.00
|
$16.45
ISK2,272
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.99
|
$2.70
ISK373
|
|
| Bottle of water (11 fl. oz) |
$2.40
|
$1.95
ISK270
|
|
pay 8.9% less for groceries
|
Chicago
|
Iceland
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$4.20
|
$3.16
ISK436
|
|
| Local cheese (8 oz) |
$8.29
|
$6.72
ISK928
|
|
| Milk (1 gallon) |
$4.06
|
$6.27
ISK866
|
|
|
Eggs
1 dozen
|
$4.07
|
$6.03
ISK833
|
|
| Boneless chicken breast (1 lb) |
$6.78
|
$7.60
ISK1,050
|
|
| Apples (1 lb) |
$2.70
|
$1.13
ISK156
|
|
| Bananas (1 lb) |
$0.89
|
$1.01
ISK139
|
|
| Oranges (1 lb) |
$2.10
|
$1.15
ISK160
|
|
| Tomatoes (1 lb) |
$2.24
|
$1.71
ISK237
|
|
| Potatoes (1 lb) |
$1.19
|
$1.13
ISK156
|
|
| Onions (1 lb) |
$1.35
|
$0.68
ISK94
|
|
pay 37.9% more for transportation
|
Chicago
|
Iceland
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$4.22
|
$8.42
ISK1,163
|
|
| Monthly public transit pass |
$80.00
|
$68.29
ISK9,433
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$37,383.69
|
$39,714.69
ISK5,485,393
|
|
| Taxi trip in downtown area (5 miles) |
$14.43
|
$23.23
ISK3,208
|
|
pay 16.6% less for housing
|
Chicago
|
Iceland
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$57.48
|
$74.47
ISK10,286
|
|
| 1-Bedroom apartment in downtown area |
$2,432.29
|
$1,518.94
ISK209,796
|
|
| 1-Bedroom apartment outside city center |
$1,517.89
|
$1,325.48
ISK183,075
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$122.94
|
$66.99
ISK9,253
|
|
pay 87.5% less for childcare
|
Chicago
|
Iceland
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$2,170.00
|
$254.97
ISK35,216
|
|
| Middle school for 1 child, two semesters |
$45,450.00
|
$5,993.83
ISK827,867
|
|
pay 9.0% less for entertainment and sports
|
Chicago
|
Iceland
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$7.50
|
$9.37
ISK1,295
|
|
| Cappuccino in mid-range area |
$5.21
|
$4.61
ISK637
|
|
|
Pack of cigarettes
Marlboro or similar
|
$16.00
|
$11.22
ISK1,549
|
|
| Monthly membership at local gym |
$76.63
|
$60.00
ISK8,287
|
|
| Movie ticket to theater/cinema |
$15.00
|
$13.94
ISK1,926
|
|
pay 42.8% more for clothing
|
Chicago
|
Iceland
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$60.46
|
$108.23
ISK14,949
|
|
|
Regular dress
from H&M or similar store
|
$53.75
|
$59.73
ISK8,250
|
|
|
Running shoes
Nike or Adidas
|
$97.19
|
$146.94
ISK20,295
|
|
| Men's business shoes (leather) |
$130.31
|
$169.24
ISK23,375
|
|
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