Cost of living comparison

Iceland

compared to

Papua New Guinea

Papua New Guinea vs. Iceland Cost of Living Summary

Papua New Guinea is 12.5% cheaper than Iceland overall.

Restaurants: pay 55.0% less in Papua New Guinea
Groceries: pay 0.5% more in Papua New Guinea
Transportation: pay 53.9% less in Papua New Guinea
Housing: pay 82.9% more in Papua New Guinea
Childcare: pay 33.2% more in Papua New Guinea
Entertainment and Sports: pay 47.2% less in Papua New Guinea
Clothing: pay 48.3% less in Papua New Guinea

The cost of housing, childcare, and groceries in Papua New Guinea are more expensive than in Iceland. Expenses including restaurants, transportation, clothing, and entertainment and sports are lower in Papua New Guinea. Notably, housing is significantly more expensive in Papua New Guinea.

Papua New Guinea vs. Iceland Cost Breakdown

If you lived in Papua New Guinea instead of Iceland, you would:

Display currency: USD

pay 55.0% less for restaurants

	Iceland	Papua New Guinea
Basic meal with drink at inexpensive restaurant	$19.40 ISK2,552	$12.38 PGK51.03	-36.2%
Fast food combo meal McDonalds, or similar	$16.94 ISK2,229	$7.43 PGK30.62	-56.2%
Bottle of Coca-Cola (11 fl. oz)	$2.81 ISK370	$0.80 PGK3.28	-71.7%
Bottle of water (11 fl. oz)	$2.02 ISK266	$0.89 PGK3.67	-55.9%
Average			-55.0%

Iceland vs. Papua New Guinea - Cost of restaurants

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pay 0.5% more for groceries

	Iceland	Papua New Guinea
Bread 1 loaf	$2.95 ISK389	$1.49 PGK6.12	-49.7%
Local cheese (8 oz)	$7.27 ISK956	$2.20 PGK9.06	-69.7%
Milk (1 gallon)	$6.01 ISK790	$7.01 PGK28.91	+16.8%
Eggs 1 dozen	$5.42 ISK713	$3.68 PGK15.19	-32.0%
Boneless chicken breast (1 lb)	$8.51 ISK1,119	$3.28 PGK13.50	-61.5%
Apples (1 lb)	$1.22 ISK161	$1.56 PGK6.41	+27.1%
Bananas (1 lb)	$1.03 ISK135	$1.19 PGK4.92	+16.4%
Oranges (1 lb)	$1.17 ISK154	$1.74 PGK7.18	+48.8%
Tomatoes (1 lb)	$1.87 ISK246	$2.02 PGK8.33	+7.9%
Potatoes (1 lb)	$1.23 ISK162	$1.57 PGK6.48	+27.4%
Onions (1 lb)	$0.78 ISK103	$1.37 PGK5.63	+74.2%
Average			+0.5%

Iceland vs. Papua New Guinea - Cost of groceries

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pay 53.9% less for transportation

	Iceland	Papua New Guinea
Gasoline (1 gallon)	$8.36 ISK1,100	$4.29 PGK17.68	-48.7%
Monthly public transit pass	$71.28 ISK9,379	$16.69 PGK68.78	-76.6%
New Volkswagen Golf 1.4 (standard edition)	$40,660.66 ISK5,350,130	$25,877.21 PGK106,653.16	-36.4%
Taxi trip in downtown area (5 miles)	$22.04 ISK2,900	$22.04 PGK90.83
Average			-53.9%

Iceland vs. Papua New Guinea - Cost of transportation

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pay 82.9% more for housing

	Iceland	Papua New Guinea
Internet connection 50 mbps or faster, cable/dsl	$72.17 ISK9,497	$309.54 PGK1,275.76	+328.9%
1-Bedroom apartment in downtown area	$1,838.04 ISK241,849	$2,346.03 PGK9,669.21	+27.6%
1-Bedroom apartment outside city center	$1,497.77 ISK197,077	$609.17 PGK2,510.69	-59.3%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$58.01 ISK7,634	$78.11 PGK321.94	+34.6%
Average			+82.9%

Iceland vs. Papua New Guinea - Cost of housing

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pay 33.2% more for childcare

	Iceland	Papua New Guinea
Private preschool for 1 child, monthly	$258.16 ISK33,969	$494.23 PGK2,036.96	+91.4%
Middle school for 1 child, two semesters	$5,993.99 ISK788,690	$4,498.59 PGK18,540.98	-24.9%
Average			+33.2%

Iceland vs. Papua New Guinea - Cost of childcare

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pay 47.2% less for entertainment and sports

	Iceland	Papua New Guinea
Domestic/local beer (1 pint)	$9.19 ISK1,209	$2.48 PGK10.21	-73.0%
Cappuccino in mid-range area	$4.65 ISK612	$1.83 PGK7.55	-60.6%
Pack of cigarettes Marlboro or similar	$11.76 ISK1,547	$7.48 PGK30.82	-36.4%
Monthly membership at local gym	$61.46 ISK8,087	$45.19 PGK186.26	-26.5%
Movie ticket to theater/cinema	$14.35 ISK1,888	$8.67 PGK35.72	-39.6%
Average			-47.2%

Iceland vs. Papua New Guinea - Cost of entertainment and sports

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pay 48.3% less for clothing

	Iceland	Papua New Guinea
Regular jeans Levi's brand	$111.23 ISK14,636	$39.25 PGK161.77	-64.7%
Regular dress from H&M or similar store	$59.69 ISK7,854	$44.57 PGK183.71	-25.3%
Running shoes Nike or Adidas	$148.00 ISK19,474	$64.38 PGK265.36	-56.5%
Men's business shoes (leather)	$184.49 ISK24,276	$98.43 PGK405.69	-46.6%
Average			-48.3%

Iceland vs. Papua New Guinea - Cost of clothing

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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: March 2025

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