Cost of living comparison
Montenegro is 24.4% cheaper than Iceland overall.
- Restaurants
-
pay 33.4% less in Montenegro
- Groceries
-
pay 42.4% less in Montenegro
- Transportation
-
pay 39.9% less in Montenegro
- Housing
-
pay 29.1% less in Montenegro
- Childcare
-
pay 46.9% more in Montenegro
- Entertainment and Sports
-
pay 50.6% less in Montenegro
- Clothing
-
pay 22.4% less in Montenegro
Expenses including entertainment and sports, groceries, transportation, restaurants, housing, and clothing are lower in Montenegro.
If you lived in Montenegro instead of Iceland, you would:
pay 33.4% less for restaurants
|
Iceland
|
Montenegro
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$19.40
ISK2,552
|
$11.31
€10.40
|
|
|
Fast food combo meal
McDonalds, or similar
|
$16.94
ISK2,229
|
$8.81
€8.10
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.81
ISK370
|
$2.10
€1.93
|
|
| Bottle of water (11 fl. oz) |
$2.02
ISK266
|
$1.65
€1.52
|
|
pay 42.4% less for groceries
|
Iceland
|
Montenegro
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$2.95
ISK389
|
$0.98
€0.90
|
|
| Local cheese (8 oz) |
$7.27
ISK956
|
$4.01
€3.69
|
|
| Milk (1 gallon) |
$6.01
ISK790
|
$5.18
€4.76
|
|
|
Eggs
1 dozen
|
$5.42
ISK713
|
$3.02
€2.77
|
|
| Boneless chicken breast (1 lb) |
$8.51
ISK1,119
|
$3.19
€2.94
|
|
| Apples (1 lb) |
$1.22
ISK161
|
$0.61
€0.56
|
|
| Bananas (1 lb) |
$1.03
ISK135
|
$0.83
€0.77
|
|
| Oranges (1 lb) |
$1.17
ISK154
|
$0.67
€0.62
|
|
| Tomatoes (1 lb) |
$1.87
ISK246
|
$1.17
€1.08
|
|
| Potatoes (1 lb) |
$1.23
ISK162
|
$0.50
€0.46
|
|
| Onions (1 lb) |
$0.78
ISK103
|
$0.59
€0.54
|
|
pay 39.9% less for transportation
|
Iceland
|
Montenegro
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$8.36
ISK1,100
|
$6.10
€5.61
|
|
| Monthly public transit pass |
$71.28
ISK9,379
|
$39.06
€35.92
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$40,660.66
ISK5,350,130
|
$27,888.35
€25,643.28
|
|
| Taxi trip in downtown area (5 miles) |
$22.04
ISK2,900
|
$9.69
€8.91
|
|
pay 29.1% less for housing
|
Iceland
|
Montenegro
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$72.17
ISK9,497
|
$29.16
€26.81
|
|
| 1-Bedroom apartment in downtown area |
$1,838.04
ISK241,849
|
$691.39
€635.73
|
|
| 1-Bedroom apartment outside city center |
$1,497.77
ISK197,077
|
$536.29
€493.12
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$58.01
ISK7,634
|
$98.51
€90.58
|
|
pay 46.9% more for childcare
|
Iceland
|
Montenegro
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$258.16
ISK33,969
|
$385.16
€354.15
|
|
| Middle school for 1 child, two semesters |
$5,993.99
ISK788,690
|
$8,661.10
€7,963.87
|
|
pay 50.6% less for entertainment and sports
|
Iceland
|
Montenegro
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$9.19
ISK1,209
|
$2.71
€2.49
|
|
| Cappuccino in mid-range area |
$4.65
ISK612
|
$2.26
€2.08
|
|
|
Pack of cigarettes
Marlboro or similar
|
$11.76
ISK1,547
|
$4.12
€3.79
|
|
| Monthly membership at local gym |
$61.46
ISK8,087
|
$58.84
€54.11
|
|
| Movie ticket to theater/cinema |
$14.35
ISK1,888
|
$5.48
€5.04
|
|
pay 22.4% less for clothing
|
Iceland
|
Montenegro
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$111.23
ISK14,636
|
$83.30
€76.59
|
|
|
Regular dress
from H&M or similar store
|
$59.69
ISK7,854
|
$45.33
€41.68
|
|
|
Running shoes
Nike or Adidas
|
$148.00
ISK19,474
|
$104.82
€96.38
|
|
| Men's business shoes (leather) |
$184.49
ISK24,276
|
$163.37
€150.22
|
|
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