Cost of living comparison
Iceland is 2.6 times more expensive than Georgia.
If you lived in Iceland instead of Georgia, you would:
pay 3.0 times more for restaurants
|
Georgia
|
Iceland
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$9.82
GEL26.85
|
$19.40
ISK2,670
|
|
|
Fast food combo meal
McDonalds, or similar
|
$7.91
GEL21.62
|
$16.94
ISK2,332
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$0.83
GEL2.28
|
$2.81
ISK387
|
|
| Bottle of water (11 fl. oz) |
$0.43
GEL1.19
|
$2.02
ISK278
|
|
pay 2.5 times more for groceries
|
Georgia
|
Iceland
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$0.60
GEL1.65
|
$2.95
ISK407
|
|
| Local cheese (8 oz) |
$3.99
GEL10.91
|
$7.27
ISK1,000
|
|
| Milk (1 gallon) |
$7.10
GEL19.41
|
$6.01
ISK827
|
|
|
Eggs
1 dozen
|
$2.30
GEL6.30
|
$5.42
ISK746
|
|
| Boneless chicken breast (1 lb) |
$2.62
GEL7.17
|
$8.51
ISK1,171
|
|
| Apples (1 lb) |
$0.53
GEL1.46
|
$1.22
ISK168
|
|
| Bananas (1 lb) |
$0.74
GEL2.03
|
$1.03
ISK141
|
|
| Oranges (1 lb) |
$0.71
GEL1.95
|
$1.17
ISK161
|
|
| Tomatoes (1 lb) |
$0.68
GEL1.86
|
$1.87
ISK258
|
|
| Potatoes (1 lb) |
$0.29
GEL0.79
|
$1.23
ISK170
|
|
| Onions (1 lb) |
$0.33
GEL0.89
|
$0.78
ISK108
|
|
pay 3.2 times more for transportation
|
Georgia
|
Iceland
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$4.48
GEL12.26
|
$8.36
ISK1,151
|
|
| Monthly public transit pass |
$13.38
GEL36.60
|
$71.28
ISK9,812
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$20,514.71
GEL56,107.72
|
$40,660.66
ISK5,596,940
|
|
| Taxi trip in downtown area (5 miles) |
$5.97
GEL16.34
|
$22.04
ISK3,033
|
|
pay 3.5 times more for housing
|
Georgia
|
Iceland
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$15.81
GEL43.23
|
$72.17
ISK9,935
|
|
| 1-Bedroom apartment in downtown area |
$472.27
GEL1,291.65
|
$1,838.04
ISK253,006
|
|
| 1-Bedroom apartment outside city center |
$323.81
GEL885.63
|
$1,497.77
ISK206,168
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$54.01
GEL147.72
|
$58.01
ISK7,986
|
|
pay 42.6% more for childcare
|
Georgia
|
Iceland
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$199.75
GEL546.33
|
$258.16
ISK35,536
|
|
| Middle school for 1 child, two semesters |
$3,840.26
GEL10,503.10
|
$5,993.99
ISK825,073
|
|
pay 3.2 times more for entertainment and sports
|
Georgia
|
Iceland
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$1.54
GEL4.22
|
$9.19
ISK1,265
|
|
| Cappuccino in mid-range area |
$2.45
GEL6.71
|
$4.65
ISK640
|
|
|
Pack of cigarettes
Marlboro or similar
|
$2.92
GEL7.99
|
$11.76
ISK1,618
|
|
| Monthly membership at local gym |
$39.78
GEL108.79
|
$61.46
ISK8,460
|
|
| Movie ticket to theater/cinema |
$5.96
GEL16.29
|
$14.35
ISK1,975
|
|
pay 62.6% more for clothing
|
Georgia
|
Iceland
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$62.01
GEL169.61
|
$111.23
ISK15,311
|
|
|
Regular dress
from H&M or similar store
|
$41.33
GEL113.05
|
$59.69
ISK8,216
|
|
|
Running shoes
Nike or Adidas
|
$100.06
GEL273.65
|
$148.00
ISK20,372
|
|
| Men's business shoes (leather) |
$103.32
GEL282.58
|
$184.49
ISK25,396
|
|
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