Cost of living comparison
Iceland is 3.2 times more expensive than China.
If you lived in Iceland instead of China, you would:
pay 5.7 times more for restaurants
|
China
|
Iceland
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$2.85
CN¥20.77
|
$19.40
ISK2,691
|
|
|
Fast food combo meal
McDonalds, or similar
|
$5.07
CN¥36.86
|
$16.94
ISK2,350
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$0.49
CN¥3.56
|
$2.81
ISK390
|
|
| Bottle of water (11 fl. oz) |
$0.30
CN¥2.18
|
$2.02
ISK280
|
|
pay 2.5 times more for groceries
|
China
|
Iceland
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$1.59
CN¥11.58
|
$2.95
ISK410
|
|
| Local cheese (8 oz) |
$5.85
CN¥42.57
|
$7.27
ISK1,008
|
|
| Milk (1 gallon) |
$6.86
CN¥49.91
|
$6.01
ISK833
|
|
|
Eggs
1 dozen
|
$1.60
CN¥11.61
|
$5.42
ISK752
|
|
| Boneless chicken breast (1 lb) |
$1.54
CN¥11.21
|
$8.51
ISK1,180
|
|
| Apples (1 lb) |
$0.76
CN¥5.55
|
$1.22
ISK170
|
|
| Bananas (1 lb) |
$0.57
CN¥4.17
|
$1.03
ISK142
|
|
| Oranges (1 lb) |
$0.65
CN¥4.76
|
$1.17
ISK162
|
|
| Tomatoes (1 lb) |
$0.52
CN¥3.81
|
$1.87
ISK260
|
|
| Potatoes (1 lb) |
$0.32
CN¥2.34
|
$1.23
ISK171
|
|
| Onions (1 lb) |
$0.40
CN¥2.91
|
$0.78
ISK109
|
|
pay 3.2 times more for transportation
|
China
|
Iceland
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$4.44
CN¥32.34
|
$8.36
ISK1,160
|
|
| Monthly public transit pass |
$22.47
CN¥163.49
|
$71.28
ISK9,888
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$19,071.53
CN¥138,766.39
|
$40,660.66
ISK5,640,447
|
|
| Taxi trip in downtown area (5 miles) |
$3.97
CN¥28.92
|
$22.04
ISK3,057
|
|
pay 5.1 times more for housing
|
China
|
Iceland
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$11.70
CN¥85.09
|
$72.17
ISK10,012
|
|
| 1-Bedroom apartment in downtown area |
$328.33
CN¥2,388.97
|
$1,838.04
ISK254,973
|
|
| 1-Bedroom apartment outside city center |
$205.78
CN¥1,497.28
|
$1,497.77
ISK207,771
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$40.46
CN¥294.38
|
$58.01
ISK8,048
|
|
pay 55.5% less for childcare
|
China
|
Iceland
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$459.70
CN¥3,344.81
|
$258.16
ISK35,813
|
|
| Middle school for 1 child, two semesters |
$18,318.08
CN¥133,284.18
|
$5,993.99
ISK831,487
|
|
pay 3.5 times more for entertainment and sports
|
China
|
Iceland
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$1.09
CN¥7.94
|
$9.19
ISK1,275
|
|
| Cappuccino in mid-range area |
$3.07
CN¥22.32
|
$4.65
ISK645
|
|
|
Pack of cigarettes
Marlboro or similar
|
$3.23
CN¥23.53
|
$11.76
ISK1,631
|
|
| Monthly membership at local gym |
$41.41
CN¥301.29
|
$61.46
ISK8,526
|
|
| Movie ticket to theater/cinema |
$5.93
CN¥43.11
|
$14.35
ISK1,990
|
|
pay 2.2 times more for clothing
|
China
|
Iceland
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$48.23
CN¥350.89
|
$111.23
ISK15,430
|
|
|
Regular dress
from H&M or similar store
|
$31.67
CN¥230.44
|
$59.69
ISK8,280
|
|
|
Running shoes
Nike or Adidas
|
$72.53
CN¥527.71
|
$148.00
ISK20,530
|
|
| Men's business shoes (leather) |
$75.53
CN¥549.60
|
$184.49
ISK25,593
|
|
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