Cost of living comparison
Iceland is 2.4% more expensive than New Jersey.
If you lived in Iceland instead of New Jersey, you would:
pay 16.6% more for restaurants
|
New Jersey
|
Iceland
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$19.00
|
$19.40
ISK2,691
|
|
|
Fast food combo meal
McDonalds, or similar
|
$11.19
|
$16.94
ISK2,350
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.49
|
$2.81
ISK390
|
|
| Bottle of water (11 fl. oz) |
$2.02
|
$2.02
ISK280
|
|
pay 5.1% less for groceries
|
New Jersey
|
Iceland
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$3.89
|
$2.95
ISK410
|
|
| Local cheese (8 oz) |
$7.30
|
$7.27
ISK1,008
|
|
| Milk (1 gallon) |
$4.36
|
$6.01
ISK833
|
|
|
Eggs
1 dozen
|
$3.63
|
$5.42
ISK752
|
|
| Boneless chicken breast (1 lb) |
$5.77
|
$8.51
ISK1,180
|
|
| Apples (1 lb) |
$2.60
|
$1.22
ISK170
|
|
| Bananas (1 lb) |
$0.90
|
$1.03
ISK142
|
|
| Oranges (1 lb) |
$2.10
|
$1.17
ISK162
|
|
| Tomatoes (1 lb) |
$2.65
|
$1.87
ISK260
|
|
| Potatoes (1 lb) |
$1.28
|
$1.23
ISK171
|
|
| Onions (1 lb) |
$1.59
|
$0.78
ISK109
|
|
pay 31.9% more for transportation
|
New Jersey
|
Iceland
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$3.49
|
$8.36
ISK1,160
|
|
| Monthly public transit pass |
$133.88
|
$71.28
ISK9,888
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$31,750.31
|
$40,660.66
ISK5,640,447
|
|
| Taxi trip in downtown area (5 miles) |
$20.65
|
$22.04
ISK3,057
|
|
pay 14.9% less for housing
|
New Jersey
|
Iceland
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$58.37
|
$72.17
ISK10,012
|
|
| 1-Bedroom apartment in downtown area |
$2,167.23
|
$1,838.04
ISK254,973
|
|
| 1-Bedroom apartment outside city center |
$1,865.29
|
$1,497.77
ISK207,771
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$112.29
|
$58.01
ISK8,048
|
|
pay 81.4% less for childcare
|
New Jersey
|
Iceland
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$1,618.98
|
$258.16
ISK35,813
|
|
| Middle school for 1 child, two semesters |
$28,166.67
|
$5,993.99
ISK831,487
|
|
pay 7.0% more for entertainment and sports
|
New Jersey
|
Iceland
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$6.72
|
$9.19
ISK1,275
|
|
| Cappuccino in mid-range area |
$4.97
|
$4.65
ISK645
|
|
|
Pack of cigarettes
Marlboro or similar
|
$11.57
|
$11.76
ISK1,631
|
|
| Monthly membership at local gym |
$54.75
|
$61.46
ISK8,526
|
|
| Movie ticket to theater/cinema |
$15.73
|
$14.35
ISK1,990
|
|
pay 63.0% more for clothing
|
New Jersey
|
Iceland
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$53.04
|
$111.23
ISK15,430
|
|
|
Regular dress
from H&M or similar store
|
$45.58
|
$59.69
ISK8,280
|
|
|
Running shoes
Nike or Adidas
|
$91.11
|
$148.00
ISK20,530
|
|
| Men's business shoes (leather) |
$124.03
|
$184.49
ISK25,593
|
|
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