Cost of living comparison
Iceland is 2.2 times more expensive than Lima.
If you lived in Iceland instead of Lima, you would:
pay 3.5 times more for restaurants
|
Lima
|
Iceland
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$5.23
PEN19.38
|
$19.40
ISK2,699
|
|
|
Fast food combo meal
McDonalds, or similar
|
$6.10
PEN22.61
|
$16.94
ISK2,357
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$0.83
PEN3.07
|
$2.81
ISK391
|
|
| Bottle of water (11 fl. oz) |
$0.51
PEN1.89
|
$2.02
ISK281
|
|
pay 2.1 times more for groceries
|
Lima
|
Iceland
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$2.42
PEN8.99
|
$2.95
ISK411
|
|
| Local cheese (8 oz) |
$4.22
PEN15.66
|
$7.27
ISK1,011
|
|
| Milk (1 gallon) |
$4.95
PEN18.37
|
$6.01
ISK836
|
|
|
Eggs
1 dozen
|
$2.70
PEN10.03
|
$5.42
ISK754
|
|
| Boneless chicken breast (1 lb) |
$2.25
PEN8.34
|
$8.51
ISK1,184
|
|
| Apples (1 lb) |
$0.87
PEN3.24
|
$1.22
ISK170
|
|
| Bananas (1 lb) |
$0.50
PEN1.87
|
$1.03
ISK143
|
|
| Oranges (1 lb) |
$0.48
PEN1.78
|
$1.17
ISK163
|
|
| Tomatoes (1 lb) |
$0.52
PEN1.94
|
$1.87
ISK261
|
|
| Potatoes (1 lb) |
$0.53
PEN1.98
|
$1.23
ISK172
|
|
| Onions (1 lb) |
$0.48
PEN1.77
|
$0.78
ISK109
|
|
pay 84.8% more for transportation
|
Lima
|
Iceland
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$5.39
PEN19.97
|
$8.36
ISK1,163
|
|
| Monthly public transit pass |
$23.85
PEN88.47
|
$71.28
ISK9,917
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$23,163.52
PEN85,909.36
|
$40,660.66
ISK5,657,118
|
|
| Taxi trip in downtown area (5 miles) |
$20.14
PEN74.70
|
$22.04
ISK3,066
|
|
pay 2.8 times more for housing
|
Lima
|
Iceland
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$26.56
PEN98.52
|
$72.17
ISK10,042
|
|
| 1-Bedroom apartment in downtown area |
$575.58
PEN2,134.72
|
$1,838.04
ISK255,726
|
|
| 1-Bedroom apartment outside city center |
$363.71
PEN1,348.92
|
$1,497.77
ISK208,385
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$44.01
PEN163.21
|
$58.01
ISK8,072
|
|
pay 1.2% less for childcare
|
Lima
|
Iceland
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$213.68
PEN792.50
|
$258.16
ISK35,918
|
|
| Middle school for 1 child, two semesters |
$7,818.35
PEN28,996.87
|
$5,993.99
ISK833,944
|
|
pay 2.4 times more for entertainment and sports
|
Lima
|
Iceland
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$2.12
PEN7.86
|
$9.19
ISK1,278
|
|
| Cappuccino in mid-range area |
$2.62
PEN9.71
|
$4.65
ISK647
|
|
|
Pack of cigarettes
Marlboro or similar
|
$5.30
PEN19.66
|
$11.76
ISK1,636
|
|
| Monthly membership at local gym |
$30.52
PEN113.18
|
$61.46
ISK8,551
|
|
| Movie ticket to theater/cinema |
$7.95
PEN29.49
|
$14.35
ISK1,996
|
|
pay 99.9% more for clothing
|
Lima
|
Iceland
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$42.79
PEN158.71
|
$111.23
ISK15,476
|
|
|
Regular dress
from H&M or similar store
|
$34.98
PEN129.74
|
$59.69
ISK8,305
|
|
|
Running shoes
Nike or Adidas
|
$85.21
PEN316.02
|
$148.00
ISK20,591
|
|
| Men's business shoes (leather) |
$94.35
PEN349.93
|
$184.49
ISK25,669
|
|
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