Cost of living comparison
Iceland is 35.8% cheaper than Monaco overall.
- Restaurants
-
pay 30.9% less in Iceland
- Groceries
-
pay 35.6% less in Iceland
- Transportation
-
pay 30.4% more in Iceland
- Housing
-
pay 68.2% less in Iceland
- Childcare
-
pay 85.1% less in Iceland
- Entertainment and Sports
-
pay 24.0% less in Iceland
- Clothing
-
pay 37.3% less in Iceland
Expenses including childcare, housing, clothing, groceries, restaurants, and entertainment and sports are lower in Iceland.
If you lived in Iceland instead of Monaco, you would:
pay 30.9% less for restaurants
|
Monaco
|
Iceland
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$36.21
€32.04
|
$19.40
ISK2,508
|
|
|
Fast food combo meal
McDonalds, or similar
|
$11.32
€10.01
|
$16.94
ISK2,191
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$5.61
€4.96
|
$2.81
ISK363
|
|
| Bottle of water (11 fl. oz) |
$8.77
€7.76
|
$2.02
ISK261
|
|
pay 35.6% less for groceries
|
Monaco
|
Iceland
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$5.69
€5.04
|
$2.95
ISK382
|
|
| Local cheese (8 oz) |
$11.39
€10.08
|
$7.27
ISK939
|
|
| Milk (1 gallon) |
$8.62
€7.63
|
$6.01
ISK777
|
|
|
Eggs
1 dozen
|
$5.55
€4.91
|
$5.42
ISK701
|
|
| Boneless chicken breast (1 lb) |
$8.45
€7.47
|
$8.51
ISK1,100
|
|
| Apples (1 lb) |
$2.57
€2.28
|
$1.22
ISK158
|
|
| Bananas (1 lb) |
$2.47
€2.19
|
$1.03
ISK133
|
|
| Oranges (1 lb) |
$1.98
€1.75
|
$1.17
ISK151
|
|
| Tomatoes (1 lb) |
$2.92
€2.59
|
$1.87
ISK242
|
|
| Potatoes (1 lb) |
$1.69
€1.49
|
$1.23
ISK160
|
|
| Onions (1 lb) |
$2.02
€1.79
|
$0.78
ISK101
|
|
pay 30.4% more for transportation
|
Monaco
|
Iceland
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$8.68
€7.68
|
$8.36
ISK1,081
|
|
| Monthly public transit pass |
$29.74
€26.31
|
$71.28
ISK9,217
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$49,160.43
€43,494.69
|
$40,660.66
ISK5,257,830
|
|
| Taxi trip in downtown area (5 miles) |
$21.44
€18.96
|
$22.04
ISK2,850
|
|
pay 68.2% less for housing
|
Monaco
|
Iceland
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$110.93
€98.14
|
$72.17
ISK9,333
|
|
| 1-Bedroom apartment in downtown area |
$9,401.30
€8,317.80
|
$1,838.04
ISK237,677
|
|
| 1-Bedroom apartment outside city center |
$6,591.34
€5,831.69
|
$1,497.77
ISK193,677
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$292.40
€258.70
|
$58.01
ISK7,502
|
|
pay 85.1% less for childcare
|
Monaco
|
Iceland
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$2,759.79
€2,441.72
|
$258.16
ISK33,383
|
|
| Middle school for 1 child, two semesters |
$29,406.50
€26,017.40
|
$5,993.99
ISK775,083
|
|
pay 24.0% less for entertainment and sports
|
Monaco
|
Iceland
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$9.11
€8.06
|
$9.19
ISK1,188
|
|
| Cappuccino in mid-range area |
$6.29
€5.57
|
$4.65
ISK601
|
|
|
Pack of cigarettes
Marlboro or similar
|
$12.06
€10.67
|
$11.76
ISK1,520
|
|
| Monthly membership at local gym |
$512.44
€453.38
|
$61.46
ISK7,947
|
|
| Movie ticket to theater/cinema |
$15.00
€13.28
|
$14.35
ISK1,855
|
|
pay 37.3% less for clothing
|
Monaco
|
Iceland
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$194.39
€171.99
|
$111.23
ISK14,383
|
|
|
Regular dress
from H&M or similar store
|
$75.16
€66.50
|
$59.69
ISK7,718
|
|
|
Running shoes
Nike or Adidas
|
$203.37
€179.93
|
$148.00
ISK19,138
|
|
| Men's business shoes (leather) |
$446.93
€395.42
|
$184.49
ISK23,857
|
|
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