Cost of living comparison
Iceland is 2.8 times more expensive than Nicaragua.
If you lived in Iceland instead of Nicaragua, you would:
pay 3.3 times more for restaurants
|
Nicaragua
|
Iceland
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$4.22
NIO154.94
|
$19.51
ISK2,682
|
|
|
Fast food combo meal
McDonalds, or similar
|
$5.54
NIO203.47
|
$16.45
ISK2,261
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$0.91
NIO33.55
|
$2.70
ISK372
|
|
| Bottle of water (11 fl. oz) |
$0.79
NIO28.91
|
$1.95
ISK269
|
|
pay 80.1% more for groceries
|
Nicaragua
|
Iceland
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$1.26
NIO46.35
|
$3.16
ISK434
|
|
| Local cheese (8 oz) |
$3.29
NIO120.74
|
$6.72
ISK923
|
|
| Milk (1 gallon) |
$4.46
NIO163.81
|
$6.27
ISK862
|
|
|
Eggs
1 dozen
|
$1.84
NIO67.79
|
$6.03
ISK829
|
|
| Boneless chicken breast (1 lb) |
$2.56
NIO94.22
|
$7.60
ISK1,045
|
|
| Apples (1 lb) |
$2.61
NIO96.04
|
$1.13
ISK155
|
|
| Bananas (1 lb) |
$0.65
NIO23.74
|
$1.01
ISK139
|
|
| Oranges (1 lb) |
$1.67
NIO61.33
|
$1.15
ISK159
|
|
| Tomatoes (1 lb) |
$0.58
NIO21.42
|
$1.71
ISK235
|
|
| Potatoes (1 lb) |
$1.13
NIO41.49
|
$1.13
ISK155
|
|
| Onions (1 lb) |
$0.68
NIO24.97
|
$0.68
ISK94
|
|
pay 5.2 times more for transportation
|
Nicaragua
|
Iceland
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$4.88
NIO179.38
|
$8.42
ISK1,157
|
|
| Monthly public transit pass |
$7.00
NIO257.25
|
$68.29
ISK9,387
|
|
| New Volkswagen Golf 1.4 (standard edition) | ?? |
$39,714.69
ISK5,458,784
|
|
| Taxi trip in downtown area (5 miles) |
$5.64
NIO207.22
|
$23.23
ISK3,193
|
|
pay 2.8 times more for housing
|
Nicaragua
|
Iceland
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$59.16
NIO2,174.02
|
$74.47
ISK10,236
|
|
| 1-Bedroom apartment in downtown area |
$377.78
NIO13,883.50
|
$1,518.94
ISK208,778
|
|
| 1-Bedroom apartment outside city center |
$266.67
NIO9,800.12
|
$1,325.48
ISK182,187
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$58.96
NIO2,166.97
|
$66.99
ISK9,208
|
|
pay 31.6% more for childcare
|
Nicaragua
|
Iceland
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$125.56
NIO4,614.22
|
$254.97
ISK35,045
|
|
| Middle school for 1 child, two semesters |
$9,950.00
NIO365,666.94
|
$5,993.83
ISK823,851
|
|
pay 2.9 times more for entertainment and sports
|
Nicaragua
|
Iceland
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$1.84
NIO67.49
|
$9.37
ISK1,288
|
|
| Cappuccino in mid-range area |
$2.33
NIO85.64
|
$4.61
ISK634
|
|
|
Pack of cigarettes
Marlboro or similar
|
$3.03
NIO111.20
|
$11.22
ISK1,542
|
|
| Monthly membership at local gym |
$37.38
NIO1,373.82
|
$60.00
ISK8,247
|
|
| Movie ticket to theater/cinema |
$6.80
NIO249.80
|
$13.94
ISK1,916
|
|
pay 96.3% more for clothing
|
Nicaragua
|
Iceland
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$41.25
NIO1,515.96
|
$108.23
ISK14,877
|
|
|
Regular dress
from H&M or similar store
|
$40.83
NIO1,500.64
|
$59.73
ISK8,210
|
|
|
Running shoes
Nike or Adidas
|
$90.83
NIO3,338.17
|
$146.94
ISK20,197
|
|
| Men's business shoes (leather) |
$78.88
NIO2,898.69
|
$169.24
ISK23,262
|
|
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