Cost of living comparison

compared to

Singapore vs. Iceland Cost of Living Summary

Singapore is 53.6% more expensive than Iceland overall.

Restaurants: pay 48.4% less in Singapore
Groceries: pay 8.2% more in Singapore
Transportation: pay 50.2% more in Singapore
Housing: pay 35.4% more in Singapore
Childcare: pay 4.6 times more in Singapore
Entertainment and Sports: pay 6.4% more in Singapore
Clothing: pay 35.1% less in Singapore

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

Singapore vs. Iceland Cost Breakdown

If you lived in Singapore instead of Iceland, you would:

Display currency: USD

pay 48.4% less for restaurants

	Iceland	Singapore
Basic meal with drink at inexpensive restaurant	$19.40 ISK2,711	$10.16 SGD13.92	-47.6%
Fast food combo meal McDonalds, or similar	$16.94 ISK2,368	$7.52 SGD10.31	-55.6%
Bottle of Coca-Cola (11 fl. oz)	$2.81 ISK393	$1.52 SGD2.08	-45.9%
Bottle of water (11 fl. oz)	$2.02 ISK283	$1.12 SGD1.53	-44.6%
Average			-48.4%

Iceland vs. Singapore - Cost of restaurants

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pay 8.2% more for groceries

	Iceland	Singapore
Bread 1 loaf	$2.95 ISK413	$2.11 SGD2.89	-28.7%
Local cheese (8 oz)	$7.27 ISK1,016	$8.41 SGD11.53	+15.8%
Milk (1 gallon)	$6.01 ISK840	$10.38 SGD14.23	+72.9%
Eggs 1 dozen	$5.42 ISK757	$3.30 SGD4.52	-39.1%
Boneless chicken breast (1 lb)	$8.51 ISK1,189	$4.50 SGD6.16	-47.1%
Apples (1 lb)	$1.22 ISK171	$1.80 SGD2.47	+47.4%
Bananas (1 lb)	$1.03 ISK143	$1.36 SGD1.86	+32.4%
Oranges (1 lb)	$1.17 ISK164	$1.80 SGD2.47	+53.6%
Tomatoes (1 lb)	$1.87 ISK262	$1.27 SGD1.73	-32.4%
Potatoes (1 lb)	$1.23 ISK173	$1.02 SGD1.40	-17.2%
Onions (1 lb)	$0.78 ISK110	$1.04 SGD1.42	+32.2%
Average			+8.2%

Iceland vs. Singapore - Cost of groceries

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pay 50.2% more for transportation

	Iceland	Singapore
Gasoline (1 gallon)	$8.36 ISK1,169	$8.18 SGD11.21	-2.1%
Monthly public transit pass	$71.28 ISK9,963	$90.29 SGD123.71	+26.7%
New Volkswagen Golf 1.4 (standard edition)	$40,660.66 ISK5,683,547	$135,434.68 SGD185,559.05	+233.1%
Taxi trip in downtown area (5 miles)	$22.04 ISK3,080	$9.48 SGD12.99	-57.0%
Average			+50.2%

Iceland vs. Singapore - Cost of transportation

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pay 35.4% more for housing

	Iceland	Singapore
Internet connection 50 mbps or faster, cable/dsl	$72.17 ISK10,089	$36.16 SGD49.54	-49.9%
1-Bedroom apartment in downtown area	$1,838.04 ISK256,921	$2,745.11 SGD3,761.08	+49.4%
1-Bedroom apartment outside city center	$1,497.77 ISK209,358	$1,988.78 SGD2,724.82	+32.8%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$58.01 ISK8,109	$121.43 SGD166.38	+109.3%
Average			+35.4%

Iceland vs. Singapore - Cost of housing

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pay 4.6 times more for childcare

	Iceland	Singapore
Private preschool for 1 child, monthly	$258.16 ISK36,086	$1,189.74 SGD1,630.07	+360.8%
Middle school for 1 child, two semesters	$5,993.99 ISK837,840	$27,370.99 SGD37,501.00	+356.6%
Average			+358.7%

Iceland vs. Singapore - Cost of childcare

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pay 6.4% more for entertainment and sports

	Iceland	Singapore
Domestic/local beer (1 pint)	$9.19 ISK1,284	$6.73 SGD9.23	-26.7%
Cappuccino in mid-range area	$4.65 ISK650	$4.71 SGD6.45	+1.3%
Pack of cigarettes Marlboro or similar	$11.76 ISK1,643	$12.64 SGD17.32	+7.5%
Monthly membership at local gym	$61.46 ISK8,591	$105.20 SGD144.13	+71.2%
Movie ticket to theater/cinema	$14.35 ISK2,006	$11.29 SGD15.46	-21.3%
Average			+6.4%

Iceland vs. Singapore - Cost of entertainment and sports

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pay 35.1% less for clothing

	Iceland	Singapore
Regular jeans Levi's brand	$111.23 ISK15,548	$66.32 SGD90.86	-40.4%
Regular dress from H&M or similar store	$59.69 ISK8,343	$44.36 SGD60.78	-25.7%
Running shoes Nike or Adidas	$148.00 ISK20,687	$96.71 SGD132.50	-34.7%
Men's business shoes (leather)	$184.49 ISK25,789	$111.62 SGD152.93	-39.5%
Average			-35.1%

Iceland vs. Singapore - 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: January 2025

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