Cost of living comparison
Iceland is 12.6% more expensive than Maine.
If you lived in Iceland instead of Maine, you would:
pay 17.6% more for restaurants
|
Maine
|
Iceland
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$19.00
|
$19.51
ISK2,659
|
|
|
Fast food combo meal
McDonalds, or similar
|
$10.00
|
$16.45
ISK2,241
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.35
|
$2.70
ISK368
|
|
| Bottle of water (11 fl. oz) |
$2.21
|
$1.95
ISK266
|
|
pay 2.2% more for groceries
|
Maine
|
Iceland
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$3.76
|
$3.16
ISK430
|
|
| Local cheese (8 oz) |
$5.72
|
$6.72
ISK915
|
|
| Milk (1 gallon) |
$4.09
|
$6.27
ISK855
|
|
|
Eggs
1 dozen
|
$3.42
|
$6.03
ISK822
|
|
| Boneless chicken breast (1 lb) |
$4.32
|
$7.60
ISK1,036
|
|
| Apples (1 lb) |
$2.50
|
$1.13
ISK154
|
|
| Bananas (1 lb) |
$0.63
|
$1.01
ISK138
|
|
| Oranges (1 lb) |
$2.75
|
$1.15
ISK157
|
|
| Tomatoes (1 lb) |
$2.81
|
$1.71
ISK233
|
|
| Potatoes (1 lb) |
$1.47
|
$1.13
ISK154
|
|
| Onions (1 lb) |
$2.14
|
$0.68
ISK93
|
|
pay 69.4% more for transportation
|
Maine
|
Iceland
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$3.47
|
$8.42
ISK1,147
|
|
| Monthly public transit pass |
$60.00
|
$68.29
ISK9,306
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$28,588.56
|
$39,714.69
ISK5,411,524
|
|
| Taxi trip in downtown area (5 miles) |
$12.74
|
$23.23
ISK3,165
|
|
pay 7.9% less for housing
|
Maine
|
Iceland
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$75.81
|
$74.47
ISK10,148
|
|
| 1-Bedroom apartment in downtown area |
$1,371.67
|
$1,518.94
ISK206,971
|
|
| 1-Bedroom apartment outside city center |
$1,130.00
|
$1,325.48
ISK180,610
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$158.65
|
$66.99
ISK9,128
|
|
pay 82.8% less for childcare
|
Maine
|
Iceland
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$1,958.33
|
$254.97
ISK34,742
|
|
| Middle school for 1 child, two semesters |
$28,000.00
|
$5,993.83
ISK816,719
|
|
pay 19.8% more for entertainment and sports
|
Maine
|
Iceland
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$5.50
|
$9.37
ISK1,277
|
|
| Cappuccino in mid-range area |
$5.37
|
$4.61
ISK629
|
|
|
Pack of cigarettes
Marlboro or similar
|
$9.00
|
$11.22
ISK1,528
|
|
| Monthly membership at local gym |
$61.00
|
$60.00
ISK8,176
|
|
| Movie ticket to theater/cinema |
$11.67
|
$13.94
ISK1,900
|
|
pay 70.2% more for clothing
|
Maine
|
Iceland
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$49.76
|
$108.23
ISK14,748
|
|
|
Regular dress
from H&M or similar store
|
$42.32
|
$59.73
ISK8,139
|
|
|
Running shoes
Nike or Adidas
|
$82.92
|
$146.94
ISK20,022
|
|
| Men's business shoes (leather) |
$116.67
|
$169.24
ISK23,061
|
|
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