Cost of living comparison
Iceland is 2.7 times more expensive than Nicaragua.
If you lived in Iceland instead of Nicaragua, you would:
pay 3.5 times more for restaurants
|
Nicaragua
|
Iceland
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$4.15
NIO153.25
|
$19.40
ISK2,670
|
|
|
Fast food combo meal
McDonalds, or similar
|
$5.48
NIO202.17
|
$16.94
ISK2,332
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$0.95
NIO35.12
|
$2.81
ISK387
|
|
| Bottle of water (11 fl. oz) |
$0.66
NIO24.18
|
$2.02
ISK278
|
|
pay 90.4% more for groceries
|
Nicaragua
|
Iceland
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$1.43
NIO52.91
|
$2.95
ISK407
|
|
| Local cheese (8 oz) |
$2.35
NIO86.84
|
$7.27
ISK1,000
|
|
| Milk (1 gallon) |
$4.24
NIO156.49
|
$6.01
ISK827
|
|
|
Eggs
1 dozen
|
$1.88
NIO69.36
|
$5.42
ISK746
|
|
| Boneless chicken breast (1 lb) |
$2.20
NIO81.36
|
$8.51
ISK1,171
|
|
| Apples (1 lb) |
$2.80
NIO103.31
|
$1.22
ISK168
|
|
| Bananas (1 lb) |
$0.60
NIO22.20
|
$1.03
ISK141
|
|
| Oranges (1 lb) |
$1.72
NIO63.46
|
$1.17
ISK161
|
|
| Tomatoes (1 lb) |
$0.65
NIO24.17
|
$1.87
ISK258
|
|
| Potatoes (1 lb) |
$1.08
NIO39.87
|
$1.23
ISK170
|
|
| Onions (1 lb) |
$0.97
NIO35.91
|
$0.78
ISK108
|
|
pay 2.6 times more for transportation
|
Nicaragua
|
Iceland
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$5.15
NIO190.00
|
$8.36
ISK1,151
|
|
| Monthly public transit pass |
$30.05
NIO1,109.10
|
$71.28
ISK9,812
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$18,168.72
NIO670,548.20
|
$40,660.66
ISK5,596,940
|
|
| Taxi trip in downtown area (5 miles) |
$5.42
NIO199.92
|
$22.04
ISK3,033
|
|
pay 3.5 times more for housing
|
Nicaragua
|
Iceland
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$44.72
NIO1,650.61
|
$72.17
ISK9,935
|
|
| 1-Bedroom apartment in downtown area |
$308.00
NIO11,367.35
|
$1,838.04
ISK253,006
|
|
| 1-Bedroom apartment outside city center |
$281.86
NIO10,402.62
|
$1,497.77
ISK206,168
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$52.83
NIO1,949.64
|
$58.01
ISK7,986
|
|
pay 44.7% more for childcare
|
Nicaragua
|
Iceland
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$112.78
NIO4,162.26
|
$258.16
ISK35,536
|
|
| Middle school for 1 child, two semesters |
$9,900.00
NIO365,376.71
|
$5,993.99
ISK825,073
|
|
pay 3.6 times more for entertainment and sports
|
Nicaragua
|
Iceland
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$1.22
NIO44.94
|
$9.19
ISK1,265
|
|
| Cappuccino in mid-range area |
$2.28
NIO84.14
|
$4.65
ISK640
|
|
|
Pack of cigarettes
Marlboro or similar
|
$2.97
NIO109.47
|
$11.76
ISK1,618
|
|
| Monthly membership at local gym |
$26.12
NIO964.18
|
$61.46
ISK8,460
|
|
| Movie ticket to theater/cinema |
$7.30
NIO269.32
|
$14.35
ISK1,975
|
|
pay 2.2 times more for clothing
|
Nicaragua
|
Iceland
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$42.40
NIO1,564.92
|
$111.23
ISK15,311
|
|
|
Regular dress
from H&M or similar store
|
$40.36
NIO1,489.51
|
$59.69
ISK8,216
|
|
|
Running shoes
Nike or Adidas
|
$58.79
NIO2,169.81
|
$148.00
ISK20,372
|
|
| Men's business shoes (leather) |
$79.04
NIO2,917.04
|
$184.49
ISK25,396
|
|
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