Cost of living comparison
Iceland is 62.6% more expensive than Marshall Islands overall.
- Restaurants
-
pay 42.9% more in Iceland
- Groceries
-
pay 31.8% less in Iceland
- Transportation
-
pay 64.9% more in Iceland
- Housing
-
pay 36.0% more in Iceland
- Childcare
-
pay 70.0% more in Iceland
- Entertainment and Sports
-
pay 79.4% more in Iceland
- Clothing
-
pay 2.8 times more in Iceland
The cost of clothing, entertainment and sports, childcare, transportation, restaurants, and housing in Iceland are more expensive than in Marshall Islands. Notably, clothing and entertainment and sports are significantly more expensive in Iceland.
If you lived in Iceland instead of Marshall Islands, you would:
pay 42.9% more for restaurants
|
Marshall Islands
|
Iceland
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$15.00
|
$19.40
ISK2,552
|
|
|
Fast food combo meal
McDonalds, or similar
|
$11.00
|
$16.94
ISK2,229
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$1.83
|
$2.81
ISK370
|
|
| Bottle of water (11 fl. oz) |
$1.50
|
$2.02
ISK266
|
|
pay 31.8% less for groceries
|
Marshall Islands
|
Iceland
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$3.40
|
$2.95
ISK389
|
|
| Local cheese (8 oz) |
$14.57
|
$7.27
ISK956
|
|
| Milk (1 gallon) |
$8.52
|
$6.01
ISK790
|
|
|
Eggs
1 dozen
|
$4.04
|
$5.42
ISK713
|
|
| Boneless chicken breast (1 lb) |
$4.99
|
$8.51
ISK1,119
|
|
| Apples (1 lb) |
$1.99
|
$1.22
ISK161
|
|
| Bananas (1 lb) |
$3.29
|
$1.03
ISK135
|
|
| Oranges (1 lb) |
$3.95
|
$1.17
ISK154
|
|
| Tomatoes (1 lb) |
$5.79
|
$1.87
ISK246
|
|
| Potatoes (1 lb) |
$2.39
|
$1.23
ISK162
|
|
| Onions (1 lb) |
$2.49
|
$0.78
ISK103
|
|
pay 64.9% more for transportation
|
Marshall Islands
|
Iceland
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$6.81
|
$8.36
ISK1,100
|
|
| Monthly public transit pass | ?? |
$71.28
ISK9,379
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$18,500.00
|
$40,660.66
ISK5,350,130
|
|
| Taxi trip in downtown area (5 miles) |
$14.50
|
$22.04
ISK2,900
|
|
pay 36.0% more for housing
|
Marshall Islands
|
Iceland
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$76.67
|
$72.17
ISK9,497
|
|
| 1-Bedroom apartment in downtown area |
$766.67
|
$1,838.04
ISK241,849
|
|
| 1-Bedroom apartment outside city center |
$833.33
|
$1,497.77
ISK197,077
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$191.13
|
$58.01
ISK7,634
|
|
pay 70.0% more for childcare
|
Marshall Islands
|
Iceland
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$150.00
|
$258.16
ISK33,969
|
|
| Middle school for 1 child, two semesters |
$3,570.00
|
$5,993.99
ISK788,690
|
|
pay 79.4% more for entertainment and sports
|
Marshall Islands
|
Iceland
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$4.00
|
$9.19
ISK1,209
|
|
| Cappuccino in mid-range area |
$3.75
|
$4.65
ISK612
|
|
|
Pack of cigarettes
Marlboro or similar
|
?? |
$11.76
ISK1,547
|
|
| Monthly membership at local gym |
$33.33
|
$61.46
ISK8,087
|
|
| Movie ticket to theater/cinema | ?? |
$14.35
ISK1,888
|
|
pay 2.8 times more for clothing
|
Marshall Islands
|
Iceland
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$57.50
|
$111.23
ISK14,636
|
|
|
Regular dress
from H&M or similar store
|
$40.00
|
$59.69
ISK7,854
|
|
|
Running shoes
Nike or Adidas
|
$35.00
|
$148.00
ISK19,474
|
|
| Men's business shoes (leather) |
$54.00
|
$184.49
ISK24,276
|
|
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