Cost of living comparison
Iceland is 18.5% more expensive than Israel.
If you lived in Iceland instead of Israel, you would:
pay 6.0% more for restaurants
|
Israel
|
Iceland
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$18.92
₪70.96
|
$19.40
ISK2,670
|
|
|
Fast food combo meal
McDonalds, or similar
|
$14.73
₪55.23
|
$16.94
ISK2,332
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.61
₪9.78
|
$2.81
ISK387
|
|
| Bottle of water (11 fl. oz) |
$2.05
₪7.69
|
$2.02
ISK278
|
|
pay 40.4% more for groceries
|
Israel
|
Iceland
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$2.24
₪8.41
|
$2.95
ISK407
|
|
| Local cheese (8 oz) |
$6.94
₪26.02
|
$7.27
ISK1,000
|
|
| Milk (1 gallon) |
$6.77
₪25.38
|
$6.01
ISK827
|
|
|
Eggs
1 dozen
|
$3.74
₪14.02
|
$5.42
ISK746
|
|
| Boneless chicken breast (1 lb) |
$4.50
₪16.86
|
$8.51
ISK1,171
|
|
| Apples (1 lb) |
$1.39
₪5.21
|
$1.22
ISK168
|
|
| Bananas (1 lb) |
$0.90
₪3.38
|
$1.03
ISK141
|
|
| Oranges (1 lb) |
$0.79
₪2.96
|
$1.17
ISK161
|
|
| Tomatoes (1 lb) |
$0.90
₪3.36
|
$1.87
ISK258
|
|
| Potatoes (1 lb) |
$0.63
₪2.36
|
$1.23
ISK170
|
|
| Onions (1 lb) |
$0.60
₪2.26
|
$0.78
ISK108
|
|
pay 31.0% more for transportation
|
Israel
|
Iceland
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$7.15
₪26.80
|
$8.36
ISK1,151
|
|
| Monthly public transit pass |
$55.86
₪209.44
|
$71.28
ISK9,812
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$38,349.49
₪143,795.25
|
$40,660.66
ISK5,596,940
|
|
| Taxi trip in downtown area (5 miles) |
$12.71
₪47.64
|
$22.04
ISK3,033
|
|
pay 65.2% more for housing
|
Israel
|
Iceland
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$26.90
₪100.86
|
$72.17
ISK9,935
|
|
| 1-Bedroom apartment in downtown area |
$996.96
₪3,738.20
|
$1,838.04
ISK253,006
|
|
| 1-Bedroom apartment outside city center |
$867.88
₪3,254.19
|
$1,497.77
ISK206,168
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$164.21
₪615.71
|
$58.01
ISK7,986
|
|
pay 59.9% less for childcare
|
Israel
|
Iceland
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$878.81
₪3,295.18
|
$258.16
ISK35,536
|
|
| Middle school for 1 child, two semesters |
$11,812.07
₪44,290.54
|
$5,993.99
ISK825,073
|
|
pay 17.0% more for entertainment and sports
|
Israel
|
Iceland
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$7.94
₪29.77
|
$9.19
ISK1,265
|
|
| Cappuccino in mid-range area |
$3.67
₪13.77
|
$4.65
ISK640
|
|
|
Pack of cigarettes
Marlboro or similar
|
$9.64
₪36.13
|
$11.76
ISK1,618
|
|
| Monthly membership at local gym |
$64.13
₪240.48
|
$61.46
ISK8,460
|
|
| Movie ticket to theater/cinema |
$11.47
₪43.02
|
$14.35
ISK1,975
|
|
pay 29.9% more for clothing
|
Israel
|
Iceland
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$83.32
₪312.41
|
$111.23
ISK15,311
|
|
|
Regular dress
from H&M or similar store
|
$53.42
₪200.29
|
$59.69
ISK8,216
|
|
|
Running shoes
Nike or Adidas
|
$112.69
₪422.54
|
$148.00
ISK20,372
|
|
| Men's business shoes (leather) |
$128.71
₪482.61
|
$184.49
ISK25,396
|
|
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