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
NIO152.19
|
$19.40
ISK2,699
|
|
|
Fast food combo meal
McDonalds, or similar
|
$5.48
NIO200.77
|
$16.94
ISK2,357
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$0.95
NIO34.88
|
$2.81
ISK391
|
|
| Bottle of water (11 fl. oz) |
$0.66
NIO24.01
|
$2.02
ISK281
|
|
pay 90.4% more for groceries
|
Nicaragua
|
Iceland
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$1.43
NIO52.54
|
$2.95
ISK411
|
|
| Local cheese (8 oz) |
$2.35
NIO86.24
|
$7.27
ISK1,011
|
|
| Milk (1 gallon) |
$4.24
NIO155.40
|
$6.01
ISK836
|
|
|
Eggs
1 dozen
|
$1.88
NIO68.88
|
$5.42
ISK754
|
|
| Boneless chicken breast (1 lb) |
$2.20
NIO80.80
|
$8.51
ISK1,184
|
|
| Apples (1 lb) |
$2.80
NIO102.59
|
$1.22
ISK170
|
|
| Bananas (1 lb) |
$0.60
NIO22.05
|
$1.03
ISK143
|
|
| Oranges (1 lb) |
$1.72
NIO63.02
|
$1.17
ISK163
|
|
| Tomatoes (1 lb) |
$0.65
NIO24.00
|
$1.87
ISK261
|
|
| Potatoes (1 lb) |
$1.08
NIO39.60
|
$1.23
ISK172
|
|
| Onions (1 lb) |
$0.97
NIO35.66
|
$0.78
ISK109
|
|
pay 2.6 times more for transportation
|
Nicaragua
|
Iceland
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$5.15
NIO188.68
|
$8.36
ISK1,163
|
|
| Monthly public transit pass |
$30.05
NIO1,101.42
|
$71.28
ISK9,917
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$18,168.72
NIO665,904.91
|
$40,660.66
ISK5,657,118
|
|
| Taxi trip in downtown area (5 miles) |
$5.42
NIO198.54
|
$22.04
ISK3,066
|
|
pay 3.5 times more for housing
|
Nicaragua
|
Iceland
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$44.72
NIO1,639.18
|
$72.17
ISK10,042
|
|
| 1-Bedroom apartment in downtown area |
$308.00
NIO11,288.64
|
$1,838.04
ISK255,726
|
|
| 1-Bedroom apartment outside city center |
$281.86
NIO10,330.59
|
$1,497.77
ISK208,385
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$52.83
NIO1,936.14
|
$58.01
ISK8,072
|
|
pay 44.7% more for childcare
|
Nicaragua
|
Iceland
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$112.78
NIO4,133.44
|
$258.16
ISK35,918
|
|
| Middle school for 1 child, two semesters |
$9,900.00
NIO362,846.61
|
$5,993.99
ISK833,944
|
|
pay 3.6 times more for entertainment and sports
|
Nicaragua
|
Iceland
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$1.22
NIO44.63
|
$9.19
ISK1,278
|
|
| Cappuccino in mid-range area |
$2.28
NIO83.56
|
$4.65
ISK647
|
|
|
Pack of cigarettes
Marlboro or similar
|
$2.97
NIO108.71
|
$11.76
ISK1,636
|
|
| Monthly membership at local gym |
$26.12
NIO957.51
|
$61.46
ISK8,551
|
|
| Movie ticket to theater/cinema |
$7.30
NIO267.46
|
$14.35
ISK1,996
|
|
pay 2.2 times more for clothing
|
Nicaragua
|
Iceland
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$42.40
NIO1,554.09
|
$111.23
ISK15,476
|
|
|
Regular dress
from H&M or similar store
|
$40.36
NIO1,479.20
|
$59.69
ISK8,305
|
|
|
Running shoes
Nike or Adidas
|
$58.79
NIO2,154.78
|
$148.00
ISK20,591
|
|
| Men's business shoes (leather) |
$79.04
NIO2,896.85
|
$184.49
ISK25,669
|
|
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