Cost of living comparison
Iceland is 23.7% more expensive than Detroit.
- Restaurants
-
pay 23.5% more in Iceland
- Groceries
-
pay 24.1% more in Iceland
- Transportation
-
pay 55.6% more in Iceland
- Housing
-
pay 3.7% more in Iceland
- Childcare
-
pay 72.2% less in Iceland
- Entertainment and Sports
-
pay 32.6% more in Iceland
- Clothing
-
pay 98.7% more in Iceland
The cost of clothing, transportation, entertainment and sports, groceries, restaurants, and housing in Iceland are more expensive than in Detroit. Notably, clothing is significantly more expensive in Iceland.
If you lived in Iceland instead of Detroit, you would:
pay 23.5% more for restaurants
|
Detroit
|
Iceland
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$20.00
|
$19.40
ISK2,711
|
|
|
Fast food combo meal
McDonalds, or similar
|
$10.00
|
$16.94
ISK2,368
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.47
|
$2.81
ISK393
|
|
| Bottle of water (11 fl. oz) |
$1.78
|
$2.02
ISK283
|
|
pay 24.1% more for groceries
|
Detroit
|
Iceland
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$2.75
|
$2.95
ISK413
|
|
| Local cheese (8 oz) |
$4.96
|
$7.27
ISK1,016
|
|
| Milk (1 gallon) |
$3.28
|
$6.01
ISK840
|
|
|
Eggs
1 dozen
|
$3.24
|
$5.42
ISK757
|
|
| Boneless chicken breast (1 lb) |
$4.70
|
$8.51
ISK1,189
|
|
| Apples (1 lb) |
$1.79
|
$1.22
ISK171
|
|
| Bananas (1 lb) |
$0.54
|
$1.03
ISK143
|
|
| Oranges (1 lb) |
$2.11
|
$1.17
ISK164
|
|
| Tomatoes (1 lb) |
$2.20
|
$1.87
ISK262
|
|
| Potatoes (1 lb) |
$1.13
|
$1.23
ISK173
|
|
| Onions (1 lb) |
$1.13
|
$0.78
ISK110
|
|
pay 55.6% more for transportation
|
Detroit
|
Iceland
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$3.49
|
$8.36
ISK1,169
|
|
| Monthly public transit pass |
$66.00
|
$71.28
ISK9,963
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$35,699.74
|
$40,660.66
ISK5,683,547
|
|
| Taxi trip in downtown area (5 miles) |
$13.68
|
$22.04
ISK3,080
|
|
pay 3.7% more for housing
|
Detroit
|
Iceland
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$58.33
|
$72.17
ISK10,089
|
|
| 1-Bedroom apartment in downtown area |
$1,483.17
|
$1,838.04
ISK256,921
|
|
| 1-Bedroom apartment outside city center |
$1,092.83
|
$1,497.77
ISK209,358
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$192.03
|
$58.01
ISK8,109
|
|
pay 72.2% less for childcare
|
Detroit
|
Iceland
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$1,294.79
|
$258.16
ISK36,086
|
|
| Middle school for 1 child, two semesters |
$16,800.00
|
$5,993.99
ISK837,840
|
|
pay 32.6% more for entertainment and sports
|
Detroit
|
Iceland
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$6.00
|
$9.19
ISK1,284
|
|
| Cappuccino in mid-range area |
$4.87
|
$4.65
ISK650
|
|
|
Pack of cigarettes
Marlboro or similar
|
$10.00
|
$11.76
ISK1,643
|
|
| Monthly membership at local gym |
$33.75
|
$61.46
ISK8,591
|
|
| Movie ticket to theater/cinema |
$12.50
|
$14.35
ISK2,006
|
|
pay 98.7% more for clothing
|
Detroit
|
Iceland
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$45.58
|
$111.23
ISK15,548
|
|
|
Regular dress
from H&M or similar store
|
$32.50
|
$59.69
ISK8,343
|
|
|
Running shoes
Nike or Adidas
|
$82.00
|
$148.00
ISK20,687
|
|
| Men's business shoes (leather) |
$99.00
|
$184.49
ISK25,789
|
|
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