Cost of living comparison

compared to

Hong Kong vs. Iceland Cost of Living Summary

Hong Kong is 36.0% more expensive than Iceland overall.

Restaurants: pay 55.2% less in Hong Kong
Groceries: pay 17.6% more in Hong Kong
Transportation: pay 5.9% less in Hong Kong
Housing: pay 43.6% more in Hong Kong
Childcare: pay 3.8 times more in Hong Kong
Entertainment and Sports: pay 7.6% more in Hong Kong
Clothing: pay 31.8% less in Hong Kong

The cost of childcare, housing, groceries, and entertainment and sports in Hong Kong are more expensive than in Iceland. Expenses including restaurants, clothing, and transportation are lower in Hong Kong. Notably, childcare is significantly more expensive in Hong Kong.

Hong Kong vs. Iceland Cost Breakdown

If you lived in Hong Kong instead of Iceland, you would:

Display currency: USD

pay 55.2% less for restaurants

	Iceland	Hong Kong
Basic meal with drink at inexpensive restaurant	$19.40 ISK2,711	$7.72 HK$60.02	-60.2%
Fast food combo meal McDonalds, or similar	$16.94 ISK2,368	$6.33 HK$49.27	-62.6%
Bottle of Coca-Cola (11 fl. oz)	$2.81 ISK393	$1.35 HK$10.47	-52.1%
Bottle of water (11 fl. oz)	$2.02 ISK283	$1.09 HK$8.49	-46.0%
Average			-55.2%

Iceland vs. Hong Kong - Cost of restaurants

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pay 17.6% more for groceries

	Iceland	Hong Kong
Bread 1 loaf	$2.95 ISK413	$2.40 HK$18.68	-18.7%
Local cheese (8 oz)	$7.27 ISK1,016	$13.58 HK$105.63	+86.9%
Milk (1 gallon)	$6.01 ISK840	$12.17 HK$94.66	+102.6%
Eggs 1 dozen	$5.42 ISK757	$3.59 HK$27.95	-33.7%
Boneless chicken breast (1 lb)	$8.51 ISK1,189	$4.30 HK$33.45	-49.5%
Apples (1 lb)	$1.22 ISK171	$1.62 HK$12.58	+32.2%
Bananas (1 lb)	$1.03 ISK143	$1.19 HK$9.23	+15.6%
Oranges (1 lb)	$1.17 ISK164	$1.61 HK$12.51	+37.3%
Tomatoes (1 lb)	$1.87 ISK262	$1.51 HK$11.74	-19.4%
Potatoes (1 lb)	$1.23 ISK173	$1.16 HK$9.05	-5.8%
Onions (1 lb)	$0.78 ISK110	$1.14 HK$8.89	+45.7%
Average			+17.6%

Iceland vs. Hong Kong - Cost of groceries

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pay 5.9% less for transportation

	Iceland	Hong Kong
Gasoline (1 gallon)	$8.36 ISK1,169	$11.42 HK$88.85	+36.6%
Monthly public transit pass	$71.28 ISK9,963	$64.30 HK$500.18	-9.8%
New Volkswagen Golf 1.4 (standard edition)	$40,660.66 ISK5,683,547	$34,067.68 HK$264,995.42	-16.2%
Taxi trip in downtown area (5 miles)	$22.04 ISK3,080	$14.53 HK$112.99	-34.1%
Average			-5.9%

Iceland vs. Hong Kong - Cost of transportation

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pay 43.6% more for housing

	Iceland	Hong Kong
Internet connection 50 mbps or faster, cable/dsl	$72.17 ISK10,089	$21.69 HK$168.75	-69.9%
1-Bedroom apartment in downtown area	$1,838.04 ISK256,921	$2,183.24 HK$16,982.31	+18.8%
1-Bedroom apartment outside city center	$1,497.77 ISK209,358	$1,543.27 HK$12,004.32	+3.0%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$58.01 ISK8,109	$187.23 HK$1,456.41	+222.7%
Average			+43.6%

Iceland vs. Hong Kong - Cost of housing

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pay 3.8 times more for childcare

	Iceland	Hong Kong
Private preschool for 1 child, monthly	$258.16 ISK36,086	$1,002.59 HK$7,798.64	+288.4%
Middle school for 1 child, two semesters	$5,993.99 ISK837,840	$21,790.97 HK$169,501.04	+263.5%
Average			+275.9%

Iceland vs. Hong Kong - Cost of childcare

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pay 7.6% more for entertainment and sports

	Iceland	Hong Kong
Domestic/local beer (1 pint)	$9.19 ISK1,284	$7.72 HK$60.02	-16.0%
Cappuccino in mid-range area	$4.65 ISK650	$5.30 HK$41.25	+14.1%
Pack of cigarettes Marlboro or similar	$11.76 ISK1,643	$13.12 HK$102.04	+11.6%
Monthly membership at local gym	$61.46 ISK8,591	$85.27 HK$663.30	+38.7%
Movie ticket to theater/cinema	$14.35 ISK2,006	$12.86 HK$100.04	-10.4%
Average			+7.6%

Iceland vs. Hong Kong - Cost of entertainment and sports

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pay 31.8% less for clothing

	Iceland	Hong Kong
Regular jeans Levi's brand	$111.23 ISK15,548	$72.66 HK$565.17	-34.7%
Regular dress from H&M or similar store	$59.69 ISK8,343	$40.59 HK$315.71	-32.0%
Running shoes Nike or Adidas	$148.00 ISK20,687	$92.45 HK$719.16	-37.5%
Men's business shoes (leather)	$184.49 ISK25,789	$142.24 HK$1,106.40	-22.9%
Average			-31.8%

Iceland vs. Hong Kong - Cost of clothing

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The statistics used to build this comparison are calculated using data from users just like you. We average the price of thousands of data points entered by users across the world. Learn more about our data sources. Page last updated: January 2025

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