Cost of living comparison
Iceland is 2.6 times more expensive than Ethiopia.
If you lived in Iceland instead of Ethiopia, you would:
pay 3.4 times more for restaurants
|
Ethiopia
|
Iceland
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$6.00
ETB747.74
|
$19.40
ISK2,699
|
|
|
Fast food combo meal
McDonalds, or similar
|
$6.24
ETB777.06
|
$16.94
ISK2,357
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$0.78
ETB97.83
|
$2.81
ISK391
|
|
| Bottle of water (11 fl. oz) |
$0.50
ETB62.58
|
$2.02
ISK281
|
|
pay 98.0% more for groceries
|
Ethiopia
|
Iceland
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$1.20
ETB149.74
|
$2.95
ISK411
|
|
| Local cheese (8 oz) |
$4.85
ETB604.85
|
$7.27
ISK1,011
|
|
| Milk (1 gallon) |
$6.08
ETB757.54
|
$6.01
ISK836
|
|
|
Eggs
1 dozen
|
$2.65
ETB330.15
|
$5.42
ISK754
|
|
| Boneless chicken breast (1 lb) |
$5.65
ETB703.64
|
$8.51
ISK1,184
|
|
| Apples (1 lb) |
$3.30
ETB411.43
|
$1.22
ISK170
|
|
| Bananas (1 lb) |
$0.51
ETB63.10
|
$1.03
ISK143
|
|
| Oranges (1 lb) |
$1.08
ETB134.37
|
$1.17
ISK163
|
|
| Tomatoes (1 lb) |
$0.39
ETB48.17
|
$1.87
ISK261
|
|
| Potatoes (1 lb) |
$0.31
ETB38.79
|
$1.23
ISK172
|
|
| Onions (1 lb) |
$0.79
ETB98.97
|
$0.78
ISK109
|
|
pay 4.1 times more for transportation
|
Ethiopia
|
Iceland
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$4.88
ETB608.13
|
$8.36
ISK1,163
|
|
| Monthly public transit pass |
$10.00
ETB1,246.23
|
$71.28
ISK9,917
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$25,000.00
ETB3,115,573.00
|
$40,660.66
ISK5,657,118
|
|
| Taxi trip in downtown area (5 miles) |
$3.67
ETB456.74
|
$22.04
ISK3,066
|
|
pay 82.0% more for housing
|
Ethiopia
|
Iceland
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$171.17
ETB21,331.29
|
$72.17
ISK10,042
|
|
| 1-Bedroom apartment in downtown area |
$645.10
ETB80,394.25
|
$1,838.04
ISK255,726
|
|
| 1-Bedroom apartment outside city center |
$422.74
ETB52,683.37
|
$1,497.77
ISK208,385
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$124.84
ETB15,557.71
|
$58.01
ISK8,072
|
|
pay 65.2% more for childcare
|
Ethiopia
|
Iceland
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$81.47
ETB10,153.44
|
$258.16
ISK35,918
|
|
| Middle school for 1 child, two semesters |
$43,916.67
ETB5,473,023.24
|
$5,993.99
ISK833,944
|
|
pay 3.8 times more for entertainment and sports
|
Ethiopia
|
Iceland
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$1.00
ETB124.62
|
$9.19
ISK1,278
|
|
| Cappuccino in mid-range area |
$1.15
ETB143.28
|
$4.65
ISK647
|
|
|
Pack of cigarettes
Marlboro or similar
|
$4.00
ETB498.49
|
$11.76
ISK1,636
|
|
| Monthly membership at local gym |
$90.59
ETB11,290.21
|
$61.46
ISK8,551
|
|
| Movie ticket to theater/cinema |
$6.70
ETB834.97
|
$14.35
ISK1,996
|
|
pay 50.0% more for clothing
|
Ethiopia
|
Iceland
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$48.33
ETB6,023.44
|
$111.23
ISK15,476
|
|
|
Regular dress
from H&M or similar store
|
$75.17
ETB9,367.49
|
$59.69
ISK8,305
|
|
|
Running shoes
Nike or Adidas
|
$108.84
ETB13,564.30
|
$148.00
ISK20,591
|
|
| Men's business shoes (leather) |
$119.32
ETB14,870.22
|
$184.49
ISK25,669
|
|
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