Cost of living comparison
Iceland is 47.5% more expensive than Italy.
If you lived in Iceland instead of Italy, you would:
pay 41.1% more for restaurants
|
Italy
|
Iceland
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$16.15
€15.38
|
$19.40
ISK2,691
|
|
|
Fast food combo meal
McDonalds, or similar
|
$10.06
€9.58
|
$16.94
ISK2,350
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.55
€2.43
|
$2.81
ISK390
|
|
| Bottle of water (11 fl. oz) |
$1.22
€1.16
|
$2.02
ISK280
|
|
pay 33.1% more for groceries
|
Italy
|
Iceland
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$2.04
€1.94
|
$2.95
ISK410
|
|
| Local cheese (8 oz) |
$6.83
€6.51
|
$7.27
ISK1,008
|
|
| Milk (1 gallon) |
$5.53
€5.27
|
$6.01
ISK833
|
|
|
Eggs
1 dozen
|
$3.41
€3.24
|
$5.42
ISK752
|
|
| Boneless chicken breast (1 lb) |
$5.05
€4.81
|
$8.51
ISK1,180
|
|
| Apples (1 lb) |
$0.97
€0.92
|
$1.22
ISK170
|
|
| Bananas (1 lb) |
$0.85
€0.81
|
$1.03
ISK142
|
|
| Oranges (1 lb) |
$1.04
€0.99
|
$1.17
ISK162
|
|
| Tomatoes (1 lb) |
$1.31
€1.25
|
$1.87
ISK260
|
|
| Potatoes (1 lb) |
$0.76
€0.72
|
$1.23
ISK171
|
|
| Onions (1 lb) |
$0.71
€0.68
|
$0.78
ISK109
|
|
pay 39.7% more for transportation
|
Italy
|
Iceland
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$7.22
€6.88
|
$8.36
ISK1,160
|
|
| Monthly public transit pass |
$38.81
€36.95
|
$71.28
ISK9,888
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$28,223.13
€26,874.07
|
$40,660.66
ISK5,640,447
|
|
| Taxi trip in downtown area (5 miles) |
$19.13
€18.22
|
$22.04
ISK3,057
|
|
pay 2.2 times more for housing
|
Italy
|
Iceland
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$28.87
€27.49
|
$72.17
ISK10,012
|
|
| 1-Bedroom apartment in downtown area |
$656.19
€624.82
|
$1,838.04
ISK254,973
|
|
| 1-Bedroom apartment outside city center |
$511.91
€487.44
|
$1,497.77
ISK207,771
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$150.39
€143.20
|
$58.01
ISK8,048
|
|
pay 43.0% less for childcare
|
Italy
|
Iceland
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$508.72
€484.40
|
$258.16
ISK35,813
|
|
| Middle school for 1 child, two semesters |
$9,465.55
€9,013.09
|
$5,993.99
ISK831,487
|
|
pay 83.8% more for entertainment and sports
|
Italy
|
Iceland
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$5.01
€4.77
|
$9.19
ISK1,275
|
|
| Cappuccino in mid-range area |
$1.69
€1.61
|
$4.65
ISK645
|
|
|
Pack of cigarettes
Marlboro or similar
|
$6.20
€5.90
|
$11.76
ISK1,631
|
|
| Monthly membership at local gym |
$52.12
€49.63
|
$61.46
ISK8,526
|
|
| Movie ticket to theater/cinema |
$9.39
€8.94
|
$14.35
ISK1,990
|
|
pay 62.5% more for clothing
|
Italy
|
Iceland
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$78.41
€74.66
|
$111.23
ISK15,430
|
|
|
Regular dress
from H&M or similar store
|
$33.87
€32.25
|
$59.69
ISK8,280
|
|
|
Running shoes
Nike or Adidas
|
$86.07
€81.95
|
$148.00
ISK20,530
|
|
| Men's business shoes (leather) |
$115.43
€109.91
|
$184.49
ISK25,593
|
|
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