Cost of living comparison
Iceland is 6.7% more expensive than New York.
If you lived in Iceland instead of New York, you would:
pay 23.1% more for restaurants
|
New York
|
Iceland
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$19.04
|
$19.40
ISK2,691
|
|
|
Fast food combo meal
McDonalds, or similar
|
$10.50
|
$16.94
ISK2,350
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.37
|
$2.81
ISK390
|
|
| Bottle of water (11 fl. oz) |
$1.83
|
$2.02
ISK280
|
|
pay 2.0% less for groceries
|
New York
|
Iceland
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$3.74
|
$2.95
ISK410
|
|
| Local cheese (8 oz) |
$7.35
|
$7.27
ISK1,008
|
|
| Milk (1 gallon) |
$4.05
|
$6.01
ISK833
|
|
|
Eggs
1 dozen
|
$3.87
|
$5.42
ISK752
|
|
| Boneless chicken breast (1 lb) |
$5.18
|
$8.51
ISK1,180
|
|
| Apples (1 lb) |
$2.36
|
$1.22
ISK170
|
|
| Bananas (1 lb) |
$0.80
|
$1.03
ISK142
|
|
| Oranges (1 lb) |
$2.10
|
$1.17
ISK162
|
|
| Tomatoes (1 lb) |
$2.36
|
$1.87
ISK260
|
|
| Potatoes (1 lb) |
$1.54
|
$1.23
ISK171
|
|
| Onions (1 lb) |
$1.49
|
$0.78
ISK109
|
|
pay 37.6% more for transportation
|
New York
|
Iceland
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$3.60
|
$8.36
ISK1,160
|
|
| Monthly public transit pass |
$97.65
|
$71.28
ISK9,889
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$31,535.81
|
$40,660.66
ISK5,641,260
|
|
| Taxi trip in downtown area (5 miles) |
$18.98
|
$22.04
ISK3,057
|
|
pay 14.7% less for housing
|
New York
|
Iceland
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$63.86
|
$72.17
ISK10,013
|
|
| 1-Bedroom apartment in downtown area |
$1,925.71
|
$1,838.04
ISK255,009
|
|
| 1-Bedroom apartment outside city center |
$1,646.33
|
$1,497.77
ISK207,801
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$138.03
|
$58.01
ISK8,049
|
|
pay 79.2% less for childcare
|
New York
|
Iceland
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$1,553.18
|
$258.16
ISK35,818
|
|
| Middle school for 1 child, two semesters |
$23,861.84
|
$5,993.99
ISK831,607
|
|
pay 4.8% more for entertainment and sports
|
New York
|
Iceland
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$6.09
|
$9.19
ISK1,275
|
|
| Cappuccino in mid-range area |
$4.84
|
$4.65
ISK645
|
|
|
Pack of cigarettes
Marlboro or similar
|
$13.68
|
$11.76
ISK1,631
|
|
| Monthly membership at local gym |
$63.42
|
$61.46
ISK8,527
|
|
| Movie ticket to theater/cinema |
$15.22
|
$14.35
ISK1,991
|
|
pay 77.1% more for clothing
|
New York
|
Iceland
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$50.08
|
$111.23
ISK15,432
|
|
|
Regular dress
from H&M or similar store
|
$41.74
|
$59.69
ISK8,281
|
|
|
Running shoes
Nike or Adidas
|
$82.58
|
$148.00
ISK20,533
|
|
| Men's business shoes (leather) |
$112.43
|
$184.49
ISK25,597
|
|
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