Cost of living comparison
Minnesota is 38.9% more expensive than Iceland.
If you lived in Minnesota instead of Iceland, you would:
pay 14.8% less for restaurants
|
Iceland
|
Minnesota
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$19.40
ISK2,691
|
$17.25
|
|
|
Fast food combo meal
McDonalds, or similar
|
$16.94
ISK2,350
|
$10.44
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.81
ISK390
|
$2.57
|
|
| Bottle of water (11 fl. oz) |
$2.02
ISK280
|
$1.99
|
|
pay 15.8% more for groceries
|
Iceland
|
Minnesota
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$2.95
ISK410
|
$3.24
|
|
| Local cheese (8 oz) |
$7.27
ISK1,008
|
$4.95
|
|
| Milk (1 gallon) |
$6.01
ISK833
|
$3.64
|
|
|
Eggs
1 dozen
|
$5.42
ISK752
|
$3.38
|
|
| Boneless chicken breast (1 lb) |
$8.51
ISK1,180
|
$5.83
|
|
| Apples (1 lb) |
$1.22
ISK170
|
$2.46
|
|
| Bananas (1 lb) |
$1.03
ISK142
|
$0.84
|
|
| Oranges (1 lb) |
$1.17
ISK162
|
$2.36
|
|
| Tomatoes (1 lb) |
$1.87
ISK260
|
$2.21
|
|
| Potatoes (1 lb) |
$1.23
ISK171
|
$1.40
|
|
| Onions (1 lb) |
$0.78
ISK109
|
$1.48
|
|
pay 26.5% less for transportation
|
Iceland
|
Minnesota
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$8.36
ISK1,160
|
$3.27
|
|
| Monthly public transit pass |
$71.28
ISK9,889
|
$75.17
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$40,660.66
ISK5,641,260
|
$32,650.12
|
|
| Taxi trip in downtown area (5 miles) |
$22.04
ISK3,057
|
$15.25
|
|
pay 9.2% more for housing
|
Iceland
|
Minnesota
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$72.17
ISK10,013
|
$66.32
|
|
| 1-Bedroom apartment in downtown area |
$1,838.04
ISK255,009
|
$1,195.42
|
|
| 1-Bedroom apartment outside city center |
$1,497.77
ISK207,801
|
$1,106.51
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$58.01
ISK8,049
|
$119.54
|
|
pay 4.4 times more for childcare
|
Iceland
|
Minnesota
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$258.16
ISK35,818
|
$1,324.96
|
|
| Middle school for 1 child, two semesters |
$5,993.99
ISK831,607
|
$22,140.67
|
|
pay 13.1% less for entertainment and sports
|
Iceland
|
Minnesota
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$9.19
ISK1,275
|
$5.62
|
|
| Cappuccino in mid-range area |
$4.65
ISK645
|
$5.50
|
|
|
Pack of cigarettes
Marlboro or similar
|
$11.76
ISK1,631
|
$9.80
|
|
| Monthly membership at local gym |
$61.46
ISK8,527
|
$48.87
|
|
| Movie ticket to theater/cinema |
$14.35
ISK1,991
|
$13.28
|
|
pay 39.8% less for clothing
|
Iceland
|
Minnesota
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$111.23
ISK15,432
|
$52.74
|
|
|
Regular dress
from H&M or similar store
|
$59.69
ISK8,281
|
$47.94
|
|
|
Running shoes
Nike or Adidas
|
$148.00
ISK20,533
|
$84.66
|
|
| Men's business shoes (leather) |
$184.49
ISK25,597
|
$103.00
|
|
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