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 |
$8.92
GEL24.39
|
$19.51
ISK2,682
|
|
|
Fast food combo meal
McDonalds, or similar
|
$8.13
GEL22.23
|
$16.45
ISK2,261
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$0.84
GEL2.30
|
$2.70
ISK372
|
|
| Bottle of water (11 fl. oz) |
$0.44
GEL1.21
|
$1.95
ISK269
|
|
pay 2.4 times more for groceries
|
Georgia
|
Iceland
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$0.66
GEL1.81
|
$3.16
ISK434
|
|
| Local cheese (8 oz) |
$3.99
GEL10.90
|
$6.72
ISK923
|
|
| Milk (1 gallon) |
$7.17
GEL19.61
|
$6.27
ISK862
|
|
|
Eggs
1 dozen
|
$2.30
GEL6.29
|
$6.03
ISK829
|
|
| Boneless chicken breast (1 lb) |
$2.68
GEL7.33
|
$7.60
ISK1,045
|
|
| Apples (1 lb) |
$0.54
GEL1.47
|
$1.13
ISK155
|
|
| Bananas (1 lb) |
$0.74
GEL2.02
|
$1.01
ISK139
|
|
| Oranges (1 lb) |
$0.71
GEL1.93
|
$1.15
ISK159
|
|
| Tomatoes (1 lb) |
$0.67
GEL1.83
|
$1.71
ISK235
|
|
| Potatoes (1 lb) |
$0.30
GEL0.83
|
$1.13
ISK155
|
|
| Onions (1 lb) |
$0.34
GEL0.92
|
$0.68
ISK94
|
|
pay 3.4 times more for transportation
|
Georgia
|
Iceland
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$4.38
GEL11.99
|
$8.42
ISK1,157
|
|
| Monthly public transit pass |
$14.31
GEL39.13
|
$68.29
ISK9,387
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$20,343.17
GEL55,638.58
|
$39,714.69
ISK5,458,784
|
|
| Taxi trip in downtown area (5 miles) |
$4.81
GEL13.16
|
$23.23
ISK3,193
|
|
pay 3.3 times more for housing
|
Georgia
|
Iceland
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$15.85
GEL43.35
|
$74.47
ISK10,236
|
|
| 1-Bedroom apartment in downtown area |
$467.69
GEL1,279.14
|
$1,518.94
ISK208,778
|
|
| 1-Bedroom apartment outside city center |
$341.06
GEL932.79
|
$1,325.48
ISK182,187
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$52.84
GEL144.51
|
$66.99
ISK9,208
|
|
pay 44.2% more for childcare
|
Georgia
|
Iceland
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$204.64
GEL559.69
|
$254.97
ISK35,045
|
|
| Middle school for 1 child, two semesters |
$3,659.24
GEL10,008.02
|
$5,993.83
ISK823,851
|
|
pay 3.1 times more for entertainment and sports
|
Georgia
|
Iceland
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$1.55
GEL4.25
|
$9.37
ISK1,288
|
|
| Cappuccino in mid-range area |
$2.53
GEL6.93
|
$4.61
ISK634
|
|
|
Pack of cigarettes
Marlboro or similar
|
$2.94
GEL8.03
|
$11.22
ISK1,542
|
|
| Monthly membership at local gym |
$39.97
GEL109.33
|
$60.00
ISK8,247
|
|
| Movie ticket to theater/cinema |
$5.55
GEL15.19
|
$13.94
ISK1,916
|
|
pay 55.2% more for clothing
|
Georgia
|
Iceland
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$60.56
GEL165.62
|
$108.23
ISK14,877
|
|
|
Regular dress
from H&M or similar store
|
$44.07
GEL120.54
|
$59.73
ISK8,210
|
|
|
Running shoes
Nike or Adidas
|
$99.89
GEL273.21
|
$146.94
ISK20,197
|
|
| Men's business shoes (leather) |
$106.19
GEL290.43
|
$169.24
ISK23,262
|
|
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