Cost of living comparison

Iceland

compared to

Micronesia, Federated States of

Micronesia, Federated States of vs. Iceland Cost of Living Summary

Micronesia, Federated States of is 22.8% cheaper than Iceland overall.

Restaurants: pay 12.9% less in Micronesia, Federated States of
Groceries: pay 3.3% less in Micronesia, Federated States of
Transportation: pay 32.3% less in Micronesia, Federated States of
Housing: pay 35.5% more in Micronesia, Federated States of
Childcare: pay 60.4% less in Micronesia, Federated States of
Entertainment and Sports: pay 34.9% less in Micronesia, Federated States of
Clothing: pay 51.4% less in Micronesia, Federated States of

Expenses including childcare, clothing, entertainment and sports, transportation, restaurants, and groceries are lower in Micronesia, Federated States of.

Micronesia, Federated States of vs. Iceland Cost Breakdown

If you lived in Micronesia, Federated States of instead of Iceland, you would:

Display currency: USD

pay 12.9% less for restaurants

	Iceland	Micronesia, Federated States of
Basic meal with drink at inexpensive restaurant	$19.40 ISK2,552	$21.62	+11.5%
Fast food combo meal McDonalds, or similar	$16.94 ISK2,229	$9.12	-46.1%
Bottle of Coca-Cola (11 fl. oz)	$2.81 ISK370	$1.32	-52.9%
Bottle of water (11 fl. oz)	$2.02 ISK266	$2.75	+36.0%
Average			-12.9%

Iceland vs. Micronesia, Federated States of - Cost of restaurants

Improve prices · Change currency (USD)

pay 3.3% less for groceries

	Iceland	Micronesia, Federated States of
Bread 1 loaf	$2.95 ISK389	$2.81	-4.9%
Local cheese (8 oz)	$7.27 ISK956	$2.52	-65.3%
Milk (1 gallon)	$6.01 ISK790	$1.59	-73.5%
Eggs 1 dozen	$5.42 ISK713	$4.48	-17.3%
Boneless chicken breast (1 lb)	$8.51 ISK1,119	$2.66	-68.7%
Apples (1 lb)	$1.22 ISK161	$2.37	+93.3%
Bananas (1 lb)	$1.03 ISK135	$1.26	+22.3%
Oranges (1 lb)	$1.17 ISK154	$1.48	+26.6%
Tomatoes (1 lb)	$1.87 ISK246	$1.15	-38.4%
Potatoes (1 lb)	$1.23 ISK162	$1.54	+25.1%
Onions (1 lb)	$0.78 ISK103	$1.29	+64.9%
Average			-3.3%

Iceland vs. Micronesia, Federated States of - Cost of groceries

Improve prices · Change currency (USD)

pay 32.3% less for transportation

	Iceland	Micronesia, Federated States of
Gasoline (1 gallon)	$8.36 ISK1,100	$11.84	+41.5%
Monthly public transit pass	$71.28 ISK9,379	$32.00	-55.1%
New Volkswagen Golf 1.4 (standard edition)	$40,660.66 ISK5,350,130	$3,497.00	-91.4%
Taxi trip in downtown area (5 miles)	$22.04 ISK2,900	$16.71	-24.2%
Average			-32.3%

Iceland vs. Micronesia, Federated States of - Cost of transportation

Improve prices · Change currency (USD)

pay 35.5% more for housing

	Iceland	Micronesia, Federated States of
Internet connection 50 mbps or faster, cable/dsl	$72.17 ISK9,497	$230.17	+218.9%
1-Bedroom apartment in downtown area	$1,838.04 ISK241,849	$883.33	-51.9%
1-Bedroom apartment outside city center	$1,497.77 ISK197,077	$726.88	-51.5%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$58.01 ISK7,634	$73.28	+26.3%
Average			+35.5%

Iceland vs. Micronesia, Federated States of - Cost of housing

Improve prices · Change currency (USD)

pay 60.4% less for childcare

	Iceland	Micronesia, Federated States of
Private preschool for 1 child, monthly	$258.16 ISK33,969	$142.50	-44.8%
Middle school for 1 child, two semesters	$5,993.99 ISK788,690	$1,442.50	-75.9%
Average			-60.4%

Iceland vs. Micronesia, Federated States of - Cost of childcare

Improve prices · Change currency (USD)

pay 34.9% less for entertainment and sports

	Iceland	Micronesia, Federated States of
Domestic/local beer (1 pint)	$9.19 ISK1,209	$3.25	-64.6%
Cappuccino in mid-range area	$4.65 ISK612	$2.83	-39.0%
Pack of cigarettes Marlboro or similar	$11.76 ISK1,547	$15.75	+34.0%
Monthly membership at local gym	$61.46 ISK8,087	$30.50	-50.4%
Movie ticket to theater/cinema	$14.35 ISK1,888	$6.50	-54.7%
Average			-34.9%

Iceland vs. Micronesia, Federated States of - Cost of entertainment and sports

Improve prices · Change currency (USD)

pay 51.4% less for clothing

	Iceland	Micronesia, Federated States of
Regular jeans Levi's brand	$111.23 ISK14,636	$42.50	-61.8%
Regular dress from H&M or similar store	$59.69 ISK7,854	$42.00	-29.6%
Running shoes Nike or Adidas	$148.00 ISK19,474	$75.00	-49.3%
Men's business shoes (leather)	$184.49 ISK24,276	$64.50	-65.0%
Average			-51.4%

Iceland vs. Micronesia, Federated States of - Cost of clothing

Improve prices · Change currency (USD)

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: April 2025

More cost comparisons

Iceland vs.

Russia

Iceland vs.

Germany

Iceland vs.

Ecuador

Iceland vs.

Greece

Iceland vs.

Spain

Iceland vs.

Italy

Iceland vs.

United States

Iceland vs.

Canada

Share this

Compare by city

For example, try comparing the cost of living in Reykjavik vs. Palikir

Help us improve these prices

MyLifeElsewhere is a collaborative project. Please enter price information for your location to help assist us in making these comparisons more accurate. Learn more

Add prices for Iceland

Add prices for Micronesia, Federated States of

ASK THE ELSEWHERE COMMUNITY

Join the Elsewhere community and ask a question about Micronesia, Federated States of or Iceland. It's a free, question-and-answer based forum to discuss what life is like in countries and cities around the world.