Cost of living comparison
Iceland is 3.0 times more expensive than Macedonia.
If you lived in Iceland instead of Macedonia, you would:
pay 2.8 times more for restaurants
|
Macedonia
|
Iceland
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$5.21
MKD307.57
|
$19.40
ISK2,699
|
|
|
Fast food combo meal
McDonalds, or similar
|
$4.44
MKD261.66
|
$16.94
ISK2,357
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$1.47
MKD86.98
|
$2.81
ISK391
|
|
| Bottle of water (11 fl. oz) |
$1.04
MKD61.56
|
$2.02
ISK281
|
|
pay 2.6 times more for groceries
|
Macedonia
|
Iceland
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$0.67
MKD39.58
|
$2.95
ISK411
|
|
| Local cheese (8 oz) |
$3.49
MKD205.75
|
$7.27
ISK1,011
|
|
| Milk (1 gallon) |
$4.51
MKD265.74
|
$6.01
ISK836
|
|
|
Eggs
1 dozen
|
$2.07
MKD121.80
|
$5.42
ISK754
|
|
| Boneless chicken breast (1 lb) |
$2.81
MKD165.63
|
$8.51
ISK1,184
|
|
| Apples (1 lb) |
$0.40
MKD23.41
|
$1.22
ISK170
|
|
| Bananas (1 lb) |
$0.58
MKD34.48
|
$1.03
ISK143
|
|
| Oranges (1 lb) |
$0.50
MKD29.57
|
$1.17
ISK163
|
|
| Tomatoes (1 lb) |
$0.67
MKD39.36
|
$1.87
ISK261
|
|
| Potatoes (1 lb) |
$0.39
MKD22.78
|
$1.23
ISK172
|
|
| Onions (1 lb) |
$0.43
MKD25.57
|
$0.78
ISK109
|
|
pay 2.5 times more for transportation
|
Macedonia
|
Iceland
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$5.31
MKD312.98
|
$8.36
ISK1,163
|
|
| Monthly public transit pass |
$24.47
MKD1,443.33
|
$71.28
ISK9,917
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$30,527.06
MKD1,800,433.80
|
$40,660.66
ISK5,657,118
|
|
| Taxi trip in downtown area (5 miles) |
$5.46
MKD322.20
|
$22.04
ISK3,066
|
|
pay 5.2 times more for housing
|
Macedonia
|
Iceland
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$16.42
MKD968.61
|
$72.17
ISK10,042
|
|
| 1-Bedroom apartment in downtown area |
$243.32
MKD14,350.84
|
$1,838.04
ISK255,726
|
|
| 1-Bedroom apartment outside city center |
$180.36
MKD10,637.35
|
$1,497.77
ISK208,385
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$101.51
MKD5,986.60
|
$58.01
ISK8,072
|
|
pay 2.2 times more for childcare
|
Macedonia
|
Iceland
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$225.27
MKD13,286.00
|
$258.16
ISK35,918
|
|
| Middle school for 1 child, two semesters |
$1,883.00
MKD111,056.12
|
$5,993.99
ISK833,944
|
|
pay 3.6 times more for entertainment and sports
|
Macedonia
|
Iceland
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$1.78
MKD105.16
|
$9.19
ISK1,278
|
|
| Cappuccino in mid-range area |
$1.56
MKD92.09
|
$4.65
ISK647
|
|
|
Pack of cigarettes
Marlboro or similar
|
$2.74
MKD161.62
|
$11.76
ISK1,636
|
|
| Monthly membership at local gym |
$25.10
MKD1,480.12
|
$61.46
ISK8,551
|
|
| Movie ticket to theater/cinema |
$4.74
MKD279.70
|
$14.35
ISK1,996
|
|
pay 2.1 times more for clothing
|
Macedonia
|
Iceland
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$50.12
MKD2,956.23
|
$111.23
ISK15,476
|
|
|
Regular dress
from H&M or similar store
|
$33.45
MKD1,972.70
|
$59.69
ISK8,305
|
|
|
Running shoes
Nike or Adidas
|
$72.27
MKD4,262.64
|
$148.00
ISK20,591
|
|
| Men's business shoes (leather) |
$82.74
MKD4,879.67
|
$184.49
ISK25,669
|
|
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