Cost of living comparison
Minnesota is 38.9% more expensive than Iceland overall.
- Restaurants
-
pay 14.8% less in Minnesota
- Groceries
-
pay 15.8% more in Minnesota
- Transportation
-
pay 26.5% less in Minnesota
- Housing
-
pay 9.2% more in Minnesota
- Childcare
-
pay 4.4 times more in Minnesota
- Entertainment and Sports
-
pay 13.1% less in Minnesota
- Clothing
-
pay 39.8% less in Minnesota
The cost of childcare, groceries, and housing in Minnesota are more expensive than in Iceland. Expenses including clothing, transportation, restaurants, and entertainment and sports are lower in Minnesota. Notably, childcare is significantly more expensive in Minnesota.
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
ISK2,534
|
$17.25
|
|
|
Fast food combo meal
McDonalds, or similar
|
$16.94
ISK2,213
|
$10.44
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.81
ISK367
|
$2.57
|
|
| Bottle of water (11 fl. oz) |
$2.02
ISK264
|
$1.99
|
|
pay 15.8% more for groceries
|
Iceland
|
Minnesota
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$2.95
ISK386
|
$3.24
|
|
| Local cheese (8 oz) |
$7.27
ISK949
|
$4.95
|
|
| Milk (1 gallon) |
$6.01
ISK784
|
$3.64
|
|
|
Eggs
1 dozen
|
$5.42
ISK708
|
$3.38
|
|
| Boneless chicken breast (1 lb) |
$8.51
ISK1,111
|
$5.83
|
|
| Apples (1 lb) |
$1.22
ISK160
|
$2.46
|
|
| Bananas (1 lb) |
$1.03
ISK134
|
$0.84
|
|
| Oranges (1 lb) |
$1.17
ISK153
|
$2.36
|
|
| Tomatoes (1 lb) |
$1.87
ISK245
|
$2.21
|
|
| Potatoes (1 lb) |
$1.23
ISK161
|
$1.40
|
|
| Onions (1 lb) |
$0.78
ISK102
|
$1.48
|
|
pay 26.5% less for transportation
|
Iceland
|
Minnesota
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$8.36
ISK1,092
|
$3.27
|
|
| Monthly public transit pass |
$71.28
ISK9,310
|
$75.17
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$40,660.66
ISK5,310,689
|
$32,650.12
|
|
| Taxi trip in downtown area (5 miles) |
$22.04
ISK2,878
|
$15.25
|
|
pay 9.2% more for housing
|
Iceland
|
Minnesota
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$72.17
ISK9,427
|
$66.32
|
|
| 1-Bedroom apartment in downtown area |
$1,838.04
ISK240,066
|
$1,195.42
|
|
| 1-Bedroom apartment outside city center |
$1,497.77
ISK195,624
|
$1,106.51
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$58.01
ISK7,577
|
$119.54
|
|
pay 4.4 times more for childcare
|
Iceland
|
Minnesota
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$258.16
ISK33,719
|
$1,324.96
|
|
| Middle school for 1 child, two semesters |
$5,993.99
ISK782,876
|
$22,140.67
|
|
pay 13.1% less for entertainment and sports
|
Iceland
|
Minnesota
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$9.19
ISK1,200
|
$5.62
|
|
| Cappuccino in mid-range area |
$4.65
ISK607
|
$5.50
|
|
|
Pack of cigarettes
Marlboro or similar
|
$11.76
ISK1,535
|
$9.80
|
|
| Monthly membership at local gym |
$61.46
ISK8,027
|
$48.87
|
|
| Movie ticket to theater/cinema |
$14.35
ISK1,874
|
$13.28
|
|
pay 39.8% less for clothing
|
Iceland
|
Minnesota
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$111.23
ISK14,528
|
$52.74
|
|
|
Regular dress
from H&M or similar store
|
$59.69
ISK7,796
|
$47.94
|
|
|
Running shoes
Nike or Adidas
|
$148.00
ISK19,330
|
$84.66
|
|
| Men's business shoes (leather) |
$184.49
ISK24,097
|
$103.00
|
|
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