Cost of living comparison
Iceland is 1.5% cheaper than Miami.
- Restaurants
-
pay 6.2% less in Iceland
- Groceries
-
pay 1.2% less in Iceland
- Transportation
-
pay 40.7% more in Iceland
- Housing
-
pay 26.8% less in Iceland
- Childcare
-
pay 78.1% less in Iceland
- Entertainment and Sports
-
pay 1.0% less in Iceland
- Clothing
-
pay 61.9% more in Iceland
The cost of clothing and transportation in Iceland are more expensive than in Miami. Expenses including childcare, housing, restaurants, groceries, and entertainment and sports are lower in Iceland.
If you lived in Iceland instead of Miami, you would:
pay 6.2% less for restaurants
|
Miami
|
Iceland
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$28.09
|
$19.40
ISK2,711
|
|
|
Fast food combo meal
McDonalds, or similar
|
$12.00
|
$16.94
ISK2,368
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$3.23
|
$2.81
ISK393
|
|
| Bottle of water (11 fl. oz) |
$2.60
|
$2.02
ISK283
|
|
pay 1.2% less for groceries
|
Miami
|
Iceland
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$4.00
|
$2.95
ISK413
|
|
| Local cheese (8 oz) |
$7.57
|
$7.27
ISK1,016
|
|
| Milk (1 gallon) |
$4.40
|
$6.01
ISK840
|
|
|
Eggs
1 dozen
|
$4.14
|
$5.42
ISK757
|
|
| Boneless chicken breast (1 lb) |
$5.42
|
$8.51
ISK1,189
|
|
| Apples (1 lb) |
$2.61
|
$1.22
ISK171
|
|
| Bananas (1 lb) |
$0.85
|
$1.03
ISK143
|
|
| Oranges (1 lb) |
$1.84
|
$1.17
ISK164
|
|
| Tomatoes (1 lb) |
$2.05
|
$1.87
ISK262
|
|
| Potatoes (1 lb) |
$1.04
|
$1.23
ISK173
|
|
| Onions (1 lb) |
$1.52
|
$0.78
ISK110
|
|
pay 40.7% more for transportation
|
Miami
|
Iceland
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$3.62
|
$8.36
ISK1,169
|
|
| Monthly public transit pass |
$113.75
|
$71.28
ISK9,963
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$35,000.00
|
$40,660.66
ISK5,683,547
|
|
| Taxi trip in downtown area (5 miles) |
$14.44
|
$22.04
ISK3,080
|
|
pay 26.8% less for housing
|
Miami
|
Iceland
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$66.35
|
$72.17
ISK10,089
|
|
| 1-Bedroom apartment in downtown area |
$2,828.52
|
$1,838.04
ISK256,921
|
|
| 1-Bedroom apartment outside city center |
$2,126.28
|
$1,497.77
ISK209,358
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$119.38
|
$58.01
ISK8,109
|
|
pay 78.1% less for childcare
|
Miami
|
Iceland
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$1,281.25
|
$258.16
ISK36,086
|
|
| Middle school for 1 child, two semesters |
$25,250.00
|
$5,993.99
ISK837,840
|
|
pay 1.0% less for entertainment and sports
|
Miami
|
Iceland
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$7.50
|
$9.19
ISK1,284
|
|
| Cappuccino in mid-range area |
$5.32
|
$4.65
ISK650
|
|
|
Pack of cigarettes
Marlboro or similar
|
$11.40
|
$11.76
ISK1,643
|
|
| Monthly membership at local gym |
$71.09
|
$61.46
ISK8,591
|
|
| Movie ticket to theater/cinema |
$15.00
|
$14.35
ISK2,006
|
|
pay 61.9% more for clothing
|
Miami
|
Iceland
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$51.94
|
$111.23
ISK15,548
|
|
|
Regular dress
from H&M or similar store
|
$54.62
|
$59.69
ISK8,343
|
|
|
Running shoes
Nike or Adidas
|
$85.53
|
$148.00
ISK20,687
|
|
| Men's business shoes (leather) |
$122.00
|
$184.49
ISK25,789
|
|
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