Cost of living comparison
Ecuador is 50.5% cheaper than Iceland.
If you lived in Ecuador instead of Iceland, you would:
pay 70.0% less for restaurants
|
Iceland
|
Ecuador
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$19.40
ISK2,699
|
$3.39
|
|
|
Fast food combo meal
McDonalds, or similar
|
$16.94
ISK2,357
|
$6.83
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.81
ISK391
|
$0.90
|
|
| Bottle of water (11 fl. oz) |
$2.02
ISK281
|
$0.62
|
|
pay 50.5% less for groceries
|
Iceland
|
Ecuador
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$2.95
ISK411
|
$1.64
|
|
| Local cheese (8 oz) |
$7.27
ISK1,011
|
$3.00
|
|
| Milk (1 gallon) |
$6.01
ISK836
|
$4.18
|
|
|
Eggs
1 dozen
|
$5.42
ISK754
|
$2.19
|
|
| Boneless chicken breast (1 lb) |
$8.51
ISK1,184
|
$2.60
|
|
| Apples (1 lb) |
$1.22
ISK170
|
$0.87
|
|
| Bananas (1 lb) |
$1.03
ISK143
|
$0.53
|
|
| Oranges (1 lb) |
$1.17
ISK163
|
$0.59
|
|
| Tomatoes (1 lb) |
$1.87
ISK261
|
$0.54
|
|
| Potatoes (1 lb) |
$1.23
ISK172
|
$0.53
|
|
| Onions (1 lb) |
$0.78
ISK109
|
$0.49
|
|
pay 55.7% less for transportation
|
Iceland
|
Ecuador
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$8.36
ISK1,163
|
$2.46
|
|
| Monthly public transit pass |
$71.28
ISK9,917
|
$24.42
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$40,660.66
ISK5,657,118
|
$23,111.11
|
|
| Taxi trip in downtown area (5 miles) |
$22.04
ISK3,066
|
$12.51
|
|
pay 64.0% less for housing
|
Iceland
|
Ecuador
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$72.17
ISK10,042
|
$30.71
|
|
| 1-Bedroom apartment in downtown area |
$1,838.04
ISK255,726
|
$344.59
|
|
| 1-Bedroom apartment outside city center |
$1,497.77
ISK208,385
|
$278.18
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$58.01
ISK8,072
|
$37.19
|
|
pay 15.9% less for childcare
|
Iceland
|
Ecuador
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$258.16
ISK35,918
|
$227.49
|
|
| Middle school for 1 child, two semesters |
$5,993.99
ISK833,944
|
$4,800.83
|
|
pay 55.4% less for entertainment and sports
|
Iceland
|
Ecuador
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$9.19
ISK1,278
|
$2.17
|
|
| Cappuccino in mid-range area |
$4.65
ISK647
|
$2.37
|
|
|
Pack of cigarettes
Marlboro or similar
|
$11.76
ISK1,636
|
$5.97
|
|
| Monthly membership at local gym |
$61.46
ISK8,551
|
$32.03
|
|
| Movie ticket to theater/cinema |
$14.35
ISK1,996
|
$6.55
|
|
pay 42.1% less for clothing
|
Iceland
|
Ecuador
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$111.23
ISK15,476
|
$53.26
|
|
|
Regular dress
from H&M or similar store
|
$59.69
ISK8,305
|
$46.74
|
|
|
Running shoes
Nike or Adidas
|
$148.00
ISK20,591
|
$93.54
|
|
| Men's business shoes (leather) |
$184.49
ISK25,669
|
$77.58
|
|
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