Cost of living comparison
Miami is 56.9% more expensive than Iceland.
If you lived in Miami instead of Iceland, you would:
pay 4.7% more for restaurants
|
Iceland
|
Miami
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$19.51
ISK2,695
|
$25.00
|
|
|
Fast food combo meal
McDonalds, or similar
|
$16.45
ISK2,272
|
$12.00
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.70
ISK373
|
$2.79
|
|
| Bottle of water (11 fl. oz) |
$1.95
ISK270
|
$2.23
|
|
pay 25.1% more for groceries
|
Iceland
|
Miami
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$3.16
ISK436
|
$3.60
|
|
| Local cheese (8 oz) |
$6.72
ISK928
|
$6.70
|
|
| Milk (1 gallon) |
$6.27
ISK866
|
$4.33
|
|
|
Eggs
1 dozen
|
$6.03
ISK833
|
$4.09
|
|
| Boneless chicken breast (1 lb) |
$7.60
ISK1,050
|
$5.30
|
|
| Apples (1 lb) |
$1.13
ISK156
|
$2.88
|
|
| Bananas (1 lb) |
$1.01
ISK139
|
$0.83
|
|
| Oranges (1 lb) |
$1.15
ISK160
|
$1.98
|
|
| Tomatoes (1 lb) |
$1.71
ISK237
|
$2.23
|
|
| Potatoes (1 lb) |
$1.13
ISK156
|
$1.14
|
|
| Onions (1 lb) |
$0.68
ISK94
|
$1.47
|
|
pay 11.5% less for transportation
|
Iceland
|
Miami
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$8.42
ISK1,163
|
$3.49
|
|
| Monthly public transit pass |
$68.29
ISK9,433
|
$113.75
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$39,714.69
ISK5,485,393
|
$35,000.00
|
|
| Taxi trip in downtown area (5 miles) |
$23.23
ISK3,208
|
$13.41
|
|
pay 54.9% more for housing
|
Iceland
|
Miami
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$74.47
ISK10,286
|
$62.96
|
|
| 1-Bedroom apartment in downtown area |
$1,518.94
ISK209,796
|
$2,773.75
|
|
| 1-Bedroom apartment outside city center |
$1,325.48
ISK183,075
|
$2,113.76
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$66.99
ISK9,253
|
$129.39
|
|
pay 4.6 times more for childcare
|
Iceland
|
Miami
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$254.97
ISK35,216
|
$1,162.50
|
|
| Middle school for 1 child, two semesters |
$5,993.83
ISK827,867
|
$28,333.33
|
|
pay 0.3% less for entertainment and sports
|
Iceland
|
Miami
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$9.37
ISK1,295
|
$7.00
|
|
| Cappuccino in mid-range area |
$4.61
ISK637
|
$4.89
|
|
|
Pack of cigarettes
Marlboro or similar
|
$11.22
ISK1,549
|
$9.45
|
|
| Monthly membership at local gym |
$60.00
ISK8,287
|
$75.53
|
|
| Movie ticket to theater/cinema |
$13.94
ISK1,926
|
$15.00
|
|
pay 39.2% less for clothing
|
Iceland
|
Miami
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$108.23
ISK14,949
|
$48.29
|
|
|
Regular dress
from H&M or similar store
|
$59.73
ISK8,250
|
$51.00
|
|
|
Running shoes
Nike or Adidas
|
$146.94
ISK20,295
|
$80.75
|
|
| Men's business shoes (leather) |
$169.24
ISK23,375
|
$98.33
|
|
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