Cost of living comparison
Iceland is 35.8% cheaper than Monaco.
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
€34.72
|
$19.40
ISK2,699
|
|
|
Fast food combo meal
McDonalds, or similar
|
$11.32
€10.85
|
$16.94
ISK2,357
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$5.61
€5.38
|
$2.81
ISK391
|
|
| Bottle of water (11 fl. oz) |
$8.77
€8.40
|
$2.02
ISK281
|
|
pay 35.6% less for groceries
|
Monaco
|
Iceland
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$5.69
€5.46
|
$2.95
ISK411
|
|
| Local cheese (8 oz) |
$11.39
€10.92
|
$7.27
ISK1,011
|
|
| Milk (1 gallon) |
$8.62
€8.27
|
$6.01
ISK836
|
|
|
Eggs
1 dozen
|
$5.55
€5.32
|
$5.42
ISK754
|
|
| Boneless chicken breast (1 lb) |
$8.45
€8.10
|
$8.51
ISK1,184
|
|
| Apples (1 lb) |
$2.57
€2.47
|
$1.22
ISK170
|
|
| Bananas (1 lb) |
$2.47
€2.37
|
$1.03
ISK143
|
|
| Oranges (1 lb) |
$1.98
€1.90
|
$1.17
ISK163
|
|
| Tomatoes (1 lb) |
$2.92
€2.80
|
$1.87
ISK261
|
|
| Potatoes (1 lb) |
$1.69
€1.62
|
$1.23
ISK172
|
|
| Onions (1 lb) |
$2.02
€1.94
|
$0.78
ISK109
|
|
pay 30.4% more for transportation
|
Monaco
|
Iceland
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$8.68
€8.32
|
$8.36
ISK1,163
|
|
| Monthly public transit pass |
$29.74
€28.52
|
$71.28
ISK9,917
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$49,160.43
€47,133.70
|
$40,660.66
ISK5,657,118
|
|
| Taxi trip in downtown area (5 miles) |
$21.44
€20.55
|
$22.04
ISK3,066
|
|
pay 68.2% less for housing
|
Monaco
|
Iceland
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$110.93
€106.35
|
$72.17
ISK10,042
|
|
| 1-Bedroom apartment in downtown area |
$9,401.30
€9,013.71
|
$1,838.04
ISK255,726
|
|
| 1-Bedroom apartment outside city center |
$6,591.34
€6,319.60
|
$1,497.77
ISK208,385
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$292.40
€280.34
|
$58.01
ISK8,072
|
|
pay 85.1% less for childcare
|
Monaco
|
Iceland
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$2,759.79
€2,646.01
|
$258.16
ISK35,918
|
|
| Middle school for 1 child, two semesters |
$29,406.50
€28,194.16
|
$5,993.99
ISK833,944
|
|
pay 24.0% less for entertainment and sports
|
Monaco
|
Iceland
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$9.11
€8.73
|
$9.19
ISK1,278
|
|
| Cappuccino in mid-range area |
$6.29
€6.03
|
$4.65
ISK647
|
|
|
Pack of cigarettes
Marlboro or similar
|
$12.06
€11.56
|
$11.76
ISK1,636
|
|
| Monthly membership at local gym |
$512.44
€491.31
|
$61.46
ISK8,551
|
|
| Movie ticket to theater/cinema |
$15.00
€14.39
|
$14.35
ISK1,996
|
|
pay 37.3% less for clothing
|
Monaco
|
Iceland
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$194.39
€186.38
|
$111.23
ISK15,476
|
|
|
Regular dress
from H&M or similar store
|
$75.16
€72.06
|
$59.69
ISK8,305
|
|
|
Running shoes
Nike or Adidas
|
$203.37
€194.98
|
$148.00
ISK20,591
|
|
| Men's business shoes (leather) |
$446.93
€428.50
|
$184.49
ISK25,669
|
|
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