Cost of living comparison
Iceland is 14.1% more expensive than Isle of Man overall.
- Restaurants
-
pay 19.4% more in Iceland
- Groceries
-
pay 41.8% more in Iceland
- Transportation
-
pay 15.5% more in Iceland
- Housing
-
pay 10.8% more in Iceland
- Childcare
-
pay 72.8% less in Iceland
- Entertainment and Sports
-
pay 5.2% more in Iceland
- Clothing
-
pay 78.6% more in Iceland
The cost of clothing, groceries, restaurants, transportation, housing, and entertainment and sports in Iceland are more expensive than in Isle of Man. Notably, clothing is significantly more expensive in Iceland.
If you lived in Iceland instead of Isle of Man, you would:
pay 19.4% more for restaurants
|
Isle of Man
|
Iceland
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$25.83
£19.45
|
$19.40
ISK2,535
|
|
|
Fast food combo meal
McDonalds, or similar
|
$9.04
£6.81
|
$16.94
ISK2,214
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.62
£1.98
|
$2.81
ISK367
|
|
| Bottle of water (11 fl. oz) |
$1.87
£1.41
|
$2.02
ISK264
|
|
pay 41.8% more for groceries
|
Isle of Man
|
Iceland
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$1.91
£1.44
|
$2.95
ISK386
|
|
| Local cheese (8 oz) |
$3.41
£2.57
|
$7.27
ISK949
|
|
| Milk (1 gallon) |
$6.95
£5.23
|
$6.01
ISK785
|
|
|
Eggs
1 dozen
|
$3.74
£2.81
|
$5.42
ISK708
|
|
| Boneless chicken breast (1 lb) |
$3.80
£2.86
|
$8.51
ISK1,112
|
|
| Apples (1 lb) |
$1.13
£0.85
|
$1.22
ISK160
|
|
| Bananas (1 lb) |
$0.74
£0.55
|
$1.03
ISK134
|
|
| Oranges (1 lb) |
$1.03
£0.77
|
$1.17
ISK153
|
|
| Tomatoes (1 lb) |
$1.36
£1.03
|
$1.87
ISK245
|
|
| Potatoes (1 lb) |
$0.74
£0.56
|
$1.23
ISK161
|
|
| Onions (1 lb) |
$1.10
£0.83
|
$0.78
ISK103
|
|
pay 15.5% more for transportation
|
Isle of Man
|
Iceland
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$7.66
£5.76
|
$8.36
ISK1,093
|
|
| Monthly public transit pass |
$72.11
£54.29
|
$71.28
ISK9,315
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$32,288.44
£24,308.09
|
$40,660.66
ISK5,313,942
|
|
| Taxi trip in downtown area (5 miles) |
$17.18
£12.93
|
$22.04
ISK2,880
|
|
pay 10.8% more for housing
|
Isle of Man
|
Iceland
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$68.19
£51.34
|
$72.17
ISK9,432
|
|
| 1-Bedroom apartment in downtown area |
$1,183.91
£891.30
|
$1,838.04
ISK240,213
|
|
| 1-Bedroom apartment outside city center |
$968.65
£729.24
|
$1,497.77
ISK195,744
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$209.19
£157.49
|
$58.01
ISK7,582
|
|
pay 72.8% less for childcare
|
Isle of Man
|
Iceland
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$1,174.87
£884.49
|
$258.16
ISK33,740
|
|
| Middle school for 1 child, two semesters |
$18,512.04
£13,936.64
|
$5,993.99
ISK783,355
|
|
pay 5.2% more for entertainment and sports
|
Isle of Man
|
Iceland
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$6.33
£4.76
|
$9.19
ISK1,201
|
|
| Cappuccino in mid-range area |
$5.05
£3.80
|
$4.65
ISK607
|
|
|
Pack of cigarettes
Marlboro or similar
|
$21.31
£16.04
|
$11.76
ISK1,536
|
|
| Monthly membership at local gym |
$52.74
£39.70
|
$61.46
ISK8,032
|
|
| Movie ticket to theater/cinema |
$12.27
£9.24
|
$14.35
ISK1,875
|
|
pay 78.6% more for clothing
|
Isle of Man
|
Iceland
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$80.51
£60.61
|
$111.23
ISK14,537
|
|
|
Regular dress
from H&M or similar store
|
$39.71
£29.90
|
$59.69
ISK7,801
|
|
|
Running shoes
Nike or Adidas
|
$90.84
£68.39
|
$148.00
ISK19,342
|
|
| Men's business shoes (leather) |
$70.17
£52.83
|
$184.49
ISK24,111
|
|
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