Cost of living comparison
Iceland is 8.3% more expensive than Maryland.
- Restaurants
-
pay 26.7% more in Iceland
- Groceries
-
pay 2.2% more in Iceland
- Transportation
-
pay 48.1% more in Iceland
- Housing
-
pay 16.9% less in Iceland
- Childcare
-
pay 82.2% less in Iceland
- Entertainment and Sports
-
pay 11.7% more in Iceland
- Clothing
-
pay 68.2% more in Iceland
The cost of clothing, transportation, restaurants, entertainment and sports, and groceries in Iceland are more expensive than in Maryland. Expenses including childcare and housing are lower in Iceland.
If you lived in Iceland instead of Maryland, you would:
pay 26.7% more for restaurants
|
Maryland
|
Iceland
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$18.52
|
$19.40
ISK2,475
|
|
|
Fast food combo meal
McDonalds, or similar
|
$9.32
|
$16.94
ISK2,162
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.35
|
$2.81
ISK359
|
|
| Bottle of water (11 fl. oz) |
$2.01
|
$2.02
ISK258
|
|
pay 2.2% more for groceries
|
Maryland
|
Iceland
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$3.64
|
$2.95
ISK377
|
|
| Local cheese (8 oz) |
$6.32
|
$7.27
ISK927
|
|
| Milk (1 gallon) |
$3.96
|
$6.01
ISK766
|
|
|
Eggs
1 dozen
|
$3.43
|
$5.42
ISK692
|
|
| Boneless chicken breast (1 lb) |
$4.53
|
$8.51
ISK1,086
|
|
| Apples (1 lb) |
$2.77
|
$1.22
ISK156
|
|
| Bananas (1 lb) |
$0.78
|
$1.03
ISK131
|
|
| Oranges (1 lb) |
$2.48
|
$1.17
ISK149
|
|
| Tomatoes (1 lb) |
$2.42
|
$1.87
ISK239
|
|
| Potatoes (1 lb) |
$1.76
|
$1.23
ISK158
|
|
| Onions (1 lb) |
$1.32
|
$0.78
ISK100
|
|
pay 48.1% more for transportation
|
Maryland
|
Iceland
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$3.38
|
$8.36
ISK1,067
|
|
| Monthly public transit pass |
$100.44
|
$71.28
ISK9,096
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$27,215.38
|
$40,660.66
ISK5,188,707
|
|
| Taxi trip in downtown area (5 miles) |
$17.66
|
$22.04
ISK2,812
|
|
pay 16.9% less for housing
|
Maryland
|
Iceland
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$74.60
|
$72.17
ISK9,210
|
|
| 1-Bedroom apartment in downtown area |
$1,887.47
|
$1,838.04
ISK234,552
|
|
| 1-Bedroom apartment outside city center |
$1,554.10
|
$1,497.77
ISK191,130
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$137.97
|
$58.01
ISK7,403
|
|
pay 82.2% less for childcare
|
Maryland
|
Iceland
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$1,794.91
|
$258.16
ISK32,944
|
|
| Middle school for 1 child, two semesters |
$28,176.36
|
$5,993.99
ISK764,894
|
|
pay 11.7% more for entertainment and sports
|
Maryland
|
Iceland
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$5.98
|
$9.19
ISK1,172
|
|
| Cappuccino in mid-range area |
$4.95
|
$4.65
ISK593
|
|
|
Pack of cigarettes
Marlboro or similar
|
$10.40
|
$11.76
ISK1,500
|
|
| Monthly membership at local gym |
$61.66
|
$61.46
ISK7,843
|
|
| Movie ticket to theater/cinema |
$14.62
|
$14.35
ISK1,831
|
|
pay 68.2% more for clothing
|
Maryland
|
Iceland
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$50.07
|
$111.23
ISK14,194
|
|
|
Regular dress
from H&M or similar store
|
$39.27
|
$59.69
ISK7,617
|
|
|
Running shoes
Nike or Adidas
|
$97.44
|
$148.00
ISK18,886
|
|
| Men's business shoes (leather) |
$125.81
|
$184.49
ISK23,543
|
|
Change currency:
Compare countries by overall cost of living
Help us improve these prices
ASK THE ELSEWHERE COMMUNITY
Join the Elsewhere community and ask a question about Iceland or Maryland. It's a free, question-and-answer based forum to discuss what life is like in countries and cities around the world.