Cost of living comparison
Iceland is 2.0 times more expensive than Jamaica.
If you lived in Iceland instead of Jamaica, you would:
pay 2.3 times more for restaurants
|
Jamaica
|
Iceland
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$7.25
JMD1,154.31
|
$19.40
ISK2,670
|
|
|
Fast food combo meal
McDonalds, or similar
|
$7.80
JMD1,242.60
|
$16.94
ISK2,332
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$1.33
JMD211.90
|
$2.81
ISK387
|
|
| Bottle of water (11 fl. oz) |
$0.85
JMD134.74
|
$2.02
ISK278
|
|
pay 20.3% more for groceries
|
Jamaica
|
Iceland
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$2.62
JMD417.67
|
$2.95
ISK407
|
|
| Local cheese (8 oz) |
$5.91
JMD942.14
|
$7.27
ISK1,000
|
|
| Milk (1 gallon) |
$13.43
JMD2,138.58
|
$6.01
ISK827
|
|
|
Eggs
1 dozen
|
$3.35
JMD533.23
|
$5.42
ISK746
|
|
| Boneless chicken breast (1 lb) |
$2.97
JMD472.79
|
$8.51
ISK1,171
|
|
| Apples (1 lb) |
$2.46
JMD392.18
|
$1.22
ISK168
|
|
| Bananas (1 lb) |
$1.21
JMD191.96
|
$1.03
ISK141
|
|
| Oranges (1 lb) |
$1.71
JMD272.26
|
$1.17
ISK161
|
|
| Tomatoes (1 lb) |
$1.22
JMD193.96
|
$1.87
ISK258
|
|
| Potatoes (1 lb) |
$0.92
JMD146.33
|
$1.23
ISK170
|
|
| Onions (1 lb) |
$0.77
JMD121.98
|
$0.78
ISK108
|
|
pay 40.0% more for transportation
|
Jamaica
|
Iceland
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$4.83
JMD769.98
|
$8.36
ISK1,151
|
|
| Monthly public transit pass |
$37.59
JMD5,988.44
|
$71.28
ISK9,812
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$40,601.97
JMD6,467,517.49
|
$40,660.66
ISK5,596,940
|
|
| Taxi trip in downtown area (5 miles) |
$22.62
JMD3,603.05
|
$22.04
ISK3,033
|
|
pay 2.3 times more for housing
|
Jamaica
|
Iceland
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$48.42
JMD7,713.37
|
$72.17
ISK9,935
|
|
| 1-Bedroom apartment in downtown area |
$594.87
JMD94,756.52
|
$1,838.04
ISK253,006
|
|
| 1-Bedroom apartment outside city center |
$355.79
JMD56,673.73
|
$1,497.77
ISK206,168
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$101.67
JMD16,194.54
|
$58.01
ISK7,986
|
|
pay 2.1 times more for childcare
|
Jamaica
|
Iceland
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$194.86
JMD31,040.09
|
$258.16
ISK35,536
|
|
| Middle school for 1 child, two semesters |
$2,060.17
JMD328,166.63
|
$5,993.99
ISK825,073
|
|
pay 81.7% more for entertainment and sports
|
Jamaica
|
Iceland
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$2.65
JMD421.57
|
$9.19
ISK1,265
|
|
| Cappuccino in mid-range area |
$3.05
JMD485.70
|
$4.65
ISK640
|
|
|
Pack of cigarettes
Marlboro or similar
|
$8.65
JMD1,377.34
|
$11.76
ISK1,618
|
|
| Monthly membership at local gym |
$41.08
JMD6,542.93
|
$61.46
ISK8,460
|
|
| Movie ticket to theater/cinema |
$11.65
JMD1,856.42
|
$14.35
ISK1,975
|
|
pay 3.1 times more for clothing
|
Jamaica
|
Iceland
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$24.19
JMD3,852.56
|
$111.23
ISK15,311
|
|
|
Regular dress
from H&M or similar store
|
$21.83
JMD3,476.62
|
$59.69
ISK8,216
|
|
|
Running shoes
Nike or Adidas
|
$66.00
JMD10,513.04
|
$148.00
ISK20,372
|
|
| Men's business shoes (leather) |
$67.67
JMD10,779.20
|
$184.49
ISK25,396
|
|
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