Cost of living comparison
Iceland is 2.5 times more expensive than Cuba.
If you lived in Iceland instead of Cuba, you would:
pay 2.3 times more for restaurants
|
Cuba
|
Iceland
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$5.06
CUC5.06
|
$19.40
ISK2,670
|
|
|
Fast food combo meal
McDonalds, or similar
|
$7.75
CUC7.75
|
$16.94
ISK2,332
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.08
CUC2.08
|
$2.81
ISK387
|
|
| Bottle of water (11 fl. oz) |
$1.23
CUC1.23
|
$2.02
ISK278
|
|
pay 84.3% more for groceries
|
Cuba
|
Iceland
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$1.17
CUC1.17
|
$2.95
ISK407
|
|
| Local cheese (8 oz) |
$2.75
CUC2.75
|
$7.27
ISK1,000
|
|
| Milk (1 gallon) |
$11.92
CUC11.92
|
$6.01
ISK827
|
|
|
Eggs
1 dozen
|
$2.97
CUC2.97
|
$5.42
ISK746
|
|
| Boneless chicken breast (1 lb) |
$2.32
CUC2.32
|
$8.51
ISK1,171
|
|
| Apples (1 lb) |
$2.27
CUC2.27
|
$1.22
ISK168
|
|
| Bananas (1 lb) |
$0.44
CUC0.44
|
$1.03
ISK141
|
|
| Oranges (1 lb) |
$0.79
CUC0.79
|
$1.17
ISK161
|
|
| Tomatoes (1 lb) |
$0.64
CUC0.64
|
$1.87
ISK258
|
|
| Potatoes (1 lb) |
$0.86
CUC0.86
|
$1.23
ISK170
|
|
| Onions (1 lb) |
$1.91
CUC1.91
|
$0.78
ISK108
|
|
pay 2.0 times more for transportation
|
Cuba
|
Iceland
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$4.81
CUC4.81
|
$8.36
ISK1,151
|
|
| Monthly public transit pass |
$22.50
CUC22.50
|
$71.28
ISK9,812
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$65,000.00
CUC65,000.00
|
$40,660.66
ISK5,596,940
|
|
| Taxi trip in downtown area (5 miles) |
$8.60
CUC8.60
|
$22.04
ISK3,033
|
|
pay 2.5 times more for housing
|
Cuba
|
Iceland
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$147.50
CUC147.50
|
$72.17
ISK9,935
|
|
| 1-Bedroom apartment in downtown area |
$381.94
CUC381.94
|
$1,838.04
ISK253,006
|
|
| 1-Bedroom apartment outside city center |
$544.70
CUC544.70
|
$1,497.77
ISK206,168
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$29.63
CUC29.63
|
$58.01
ISK7,986
|
|
pay 51.8% more for childcare
|
Cuba
|
Iceland
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$101.00
CUC101.00
|
$258.16
ISK35,536
|
|
| Middle school for 1 child, two semesters |
$12,500.00
CUC12,500.00
|
$5,993.99
ISK825,073
|
|
pay 5.5 times more for entertainment and sports
|
Cuba
|
Iceland
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$2.88
CUC2.88
|
$9.19
ISK1,265
|
|
| Cappuccino in mid-range area |
$1.10
CUC1.10
|
$4.65
ISK640
|
|
|
Pack of cigarettes
Marlboro or similar
|
$3.85
CUC3.85
|
$11.76
ISK1,618
|
|
| Monthly membership at local gym |
$40.17
CUC40.17
|
$61.46
ISK8,460
|
|
| Movie ticket to theater/cinema |
$0.93
CUC0.93
|
$14.35
ISK1,975
|
|
pay 2.2 times more for clothing
|
Cuba
|
Iceland
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$39.88
CUC39.88
|
$111.23
ISK15,311
|
|
|
Regular dress
from H&M or similar store
|
$31.83
CUC31.83
|
$59.69
ISK8,216
|
|
|
Running shoes
Nike or Adidas
|
$75.62
CUC75.62
|
$148.00
ISK20,372
|
|
| Men's business shoes (leather) |
$84.17
CUC84.17
|
$184.49
ISK25,396
|
|
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