Cost of living comparison
Iceland is 21.3% more expensive than Hong Kong overall.
- Restaurants
-
pay 2.3 times more in Iceland
- Groceries
-
pay 0.8% more in Iceland
- Transportation
-
pay 13.8% more in Iceland
- Housing
-
pay 36.2% more in Iceland
- Childcare
-
pay 73.4% less in Iceland
- Entertainment and Sports
-
pay 4.0% less in Iceland
- Clothing
-
pay 47.5% more in Iceland
The cost of restaurants, clothing, housing, transportation, and groceries in Iceland are more expensive than in Hong Kong. Expenses including childcare and entertainment and sports are lower in Iceland. Notably, restaurants is significantly more expensive in Iceland.
If you lived in Iceland instead of Hong Kong, you would:
pay 2.3 times more for restaurants
Hong Kong
|
Iceland
|
||
---|---|---|---|
Basic meal with drink at inexpensive restaurant |
$7.72
HK$60.02
|
$19.40
ISK2,711
|
|
Fast food combo meal
McDonalds, or similar
|
$6.33
HK$49.27
|
$16.94
ISK2,368
|
|
Bottle of Coca-Cola (11 fl. oz) |
$1.35
HK$10.47
|
$2.81
ISK393
|
|
Bottle of water (11 fl. oz) |
$1.09
HK$8.49
|
$2.02
ISK283
|
|
pay 0.8% more for groceries
Hong Kong
|
Iceland
|
||
---|---|---|---|
Bread
1 loaf
|
$2.40
HK$18.68
|
$2.95
ISK413
|
|
Local cheese (8 oz) |
$13.58
HK$105.63
|
$7.27
ISK1,016
|
|
Milk (1 gallon) |
$12.17
HK$94.66
|
$6.01
ISK840
|
|
Eggs
1 dozen
|
$3.59
HK$27.95
|
$5.42
ISK757
|
|
Boneless chicken breast (1 lb) |
$4.30
HK$33.45
|
$8.51
ISK1,189
|
|
Apples (1 lb) |
$1.62
HK$12.58
|
$1.22
ISK171
|
|
Bananas (1 lb) |
$1.19
HK$9.23
|
$1.03
ISK143
|
|
Oranges (1 lb) |
$1.61
HK$12.51
|
$1.17
ISK164
|
|
Tomatoes (1 lb) |
$1.51
HK$11.74
|
$1.87
ISK262
|
|
Potatoes (1 lb) |
$1.16
HK$9.05
|
$1.23
ISK173
|
|
Onions (1 lb) |
$1.14
HK$8.89
|
$0.78
ISK110
|
|
pay 13.8% more for transportation
Hong Kong
|
Iceland
|
||
---|---|---|---|
Gasoline (1 gallon) |
$11.42
HK$88.85
|
$8.36
ISK1,169
|
|
Monthly public transit pass |
$64.30
HK$500.18
|
$71.28
ISK9,963
|
|
New Volkswagen Golf 1.4 (standard edition) |
$34,067.68
HK$264,995.42
|
$40,660.66
ISK5,683,547
|
|
Taxi trip in downtown area (5 miles) |
$14.53
HK$112.99
|
$22.04
ISK3,080
|
|
pay 36.2% more for housing
Hong Kong
|
Iceland
|
||
---|---|---|---|
Internet connection
50 mbps or faster, cable/dsl
|
$21.69
HK$168.75
|
$72.17
ISK10,089
|
|
1-Bedroom apartment in downtown area |
$2,183.24
HK$16,982.31
|
$1,838.04
ISK256,921
|
|
1-Bedroom apartment outside city center |
$1,543.27
HK$12,004.32
|
$1,497.77
ISK209,358
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$187.23
HK$1,456.41
|
$58.01
ISK8,109
|
|
pay 73.4% less for childcare
Hong Kong
|
Iceland
|
||
---|---|---|---|
Private preschool for 1 child, monthly |
$1,002.59
HK$7,798.64
|
$258.16
ISK36,086
|
|
Middle school for 1 child, two semesters |
$21,790.97
HK$169,501.04
|
$5,993.99
ISK837,840
|
|
pay 4.0% less for entertainment and sports
Hong Kong
|
Iceland
|
||
---|---|---|---|
Domestic/local beer (1 pint) |
$7.72
HK$60.02
|
$9.19
ISK1,284
|
|
Cappuccino in mid-range area |
$5.30
HK$41.25
|
$4.65
ISK650
|
|
Pack of cigarettes
Marlboro or similar
|
$13.12
HK$102.04
|
$11.76
ISK1,643
|
|
Monthly membership at local gym |
$85.27
HK$663.30
|
$61.46
ISK8,591
|
|
Movie ticket to theater/cinema |
$12.86
HK$100.04
|
$14.35
ISK2,006
|
|
pay 47.5% more for clothing
Hong Kong
|
Iceland
|
||
---|---|---|---|
Regular jeans
Levi's brand
|
$72.66
HK$565.17
|
$111.23
ISK15,548
|
|
Regular dress
from H&M or similar store
|
$40.59
HK$315.71
|
$59.69
ISK8,343
|
|
Running shoes
Nike or Adidas
|
$92.45
HK$719.16
|
$148.00
ISK20,687
|
|
Men's business shoes (leather) |
$142.24
HK$1,106.40
|
$184.49
ISK25,789
|
|
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