Cost of living comparison
Cyprus is 17.2% cheaper than Iceland.
If you lived in Cyprus instead of Iceland, you would:
pay 40.0% less for restaurants
|
Iceland
|
Cyprus
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$19.40
ISK2,670
|
$15.56
€14.76
|
|
|
Fast food combo meal
McDonalds, or similar
|
$16.94
ISK2,332
|
$8.31
€7.88
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.81
ISK387
|
$1.68
€1.59
|
|
| Bottle of water (11 fl. oz) |
$2.02
ISK278
|
$1.03
€0.98
|
|
pay 26.1% less for groceries
|
Iceland
|
Cyprus
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$2.95
ISK407
|
$1.77
€1.68
|
|
| Local cheese (8 oz) |
$7.27
ISK1,000
|
$6.32
€5.99
|
|
| Milk (1 gallon) |
$6.01
ISK827
|
$6.39
€6.06
|
|
|
Eggs
1 dozen
|
$5.42
ISK746
|
$3.86
€3.66
|
|
| Boneless chicken breast (1 lb) |
$8.51
ISK1,171
|
$3.79
€3.59
|
|
| Apples (1 lb) |
$1.22
ISK168
|
$1.18
€1.12
|
|
| Bananas (1 lb) |
$1.03
ISK141
|
$0.84
€0.80
|
|
| Oranges (1 lb) |
$1.17
ISK161
|
$0.92
€0.88
|
|
| Tomatoes (1 lb) |
$1.87
ISK258
|
$1.25
€1.19
|
|
| Potatoes (1 lb) |
$1.23
ISK170
|
$0.59
€0.56
|
|
| Onions (1 lb) |
$0.78
ISK108
|
$0.57
€0.54
|
|
pay 28.9% less for transportation
|
Iceland
|
Cyprus
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$8.36
ISK1,151
|
$5.54
€5.25
|
|
| Monthly public transit pass |
$71.28
ISK9,812
|
$42.87
€40.66
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$40,660.66
ISK5,596,940
|
$26,716.67
€25,337.08
|
|
| Taxi trip in downtown area (5 miles) |
$22.04
ISK3,033
|
$20.31
€19.26
|
|
pay 4.8% less for housing
|
Iceland
|
Cyprus
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$72.17
ISK9,935
|
$33.66
€31.93
|
|
| 1-Bedroom apartment in downtown area |
$1,838.04
ISK253,006
|
$862.00
€817.49
|
|
| 1-Bedroom apartment outside city center |
$1,497.77
ISK206,168
|
$707.00
€670.49
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$58.01
ISK7,986
|
$139.26
€132.07
|
|
pay 41.7% more for childcare
|
Iceland
|
Cyprus
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$258.16
ISK35,536
|
$417.93
€396.35
|
|
| Middle school for 1 child, two semesters |
$5,993.99
ISK825,073
|
$7,282.83
€6,906.76
|
|
pay 34.1% less for entertainment and sports
|
Iceland
|
Cyprus
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$9.19
ISK1,265
|
$3.45
€3.28
|
|
| Cappuccino in mid-range area |
$4.65
ISK640
|
$3.61
€3.43
|
|
|
Pack of cigarettes
Marlboro or similar
|
$11.76
ISK1,618
|
$4.90
€4.65
|
|
| Monthly membership at local gym |
$61.46
ISK8,460
|
$59.44
€56.37
|
|
| Movie ticket to theater/cinema |
$14.35
ISK1,975
|
$10.85
€10.29
|
|
pay 28.5% less for clothing
|
Iceland
|
Cyprus
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$111.23
ISK15,311
|
$81.33
€77.13
|
|
|
Regular dress
from H&M or similar store
|
$59.69
ISK8,216
|
$46.86
€44.44
|
|
|
Running shoes
Nike or Adidas
|
$148.00
ISK20,372
|
$112.61
€106.79
|
|
| Men's business shoes (leather) |
$184.49
ISK25,396
|
$107.65
€102.09
|
|
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