Cost of living comparison
Iceland is 17.8% more expensive than North Carolina.
- Restaurants
-
pay 32.0% more in Iceland
- Groceries
-
pay 7.1% more in Iceland
- Transportation
-
pay 56.7% more in Iceland
- Housing
-
pay 5.0% less in Iceland
- Childcare
-
pay 77.8% less in Iceland
- Entertainment and Sports
-
pay 31.4% more in Iceland
- Clothing
-
pay 80.0% more in Iceland
The cost of clothing, transportation, restaurants, entertainment and sports, and groceries in Iceland are more expensive than in North Carolina. Expenses including childcare and housing are lower in Iceland. Notably, clothing is significantly more expensive in Iceland.
If you lived in Iceland instead of North Carolina, you would:
pay 32.0% more for restaurants
|
North Carolina
|
Iceland
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$16.06
|
$19.40
ISK2,475
|
|
|
Fast food combo meal
McDonalds, or similar
|
$10.06
|
$16.94
ISK2,162
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.31
|
$2.81
ISK359
|
|
| Bottle of water (11 fl. oz) |
$1.72
|
$2.02
ISK258
|
|
pay 7.1% more for groceries
|
North Carolina
|
Iceland
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$3.48
|
$2.95
ISK377
|
|
| Local cheese (8 oz) |
$6.25
|
$7.27
ISK927
|
|
| Milk (1 gallon) |
$3.46
|
$6.01
ISK766
|
|
|
Eggs
1 dozen
|
$3.28
|
$5.42
ISK692
|
|
| Boneless chicken breast (1 lb) |
$4.77
|
$8.51
ISK1,086
|
|
| Apples (1 lb) |
$2.35
|
$1.22
ISK156
|
|
| Bananas (1 lb) |
$0.74
|
$1.03
ISK131
|
|
| Oranges (1 lb) |
$2.18
|
$1.17
ISK149
|
|
| Tomatoes (1 lb) |
$2.16
|
$1.87
ISK239
|
|
| Potatoes (1 lb) |
$1.51
|
$1.23
ISK158
|
|
| Onions (1 lb) |
$1.66
|
$0.78
ISK100
|
|
pay 56.7% more for transportation
|
North Carolina
|
Iceland
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$3.19
|
$8.36
ISK1,067
|
|
| Monthly public transit pass |
$53.89
|
$71.28
ISK9,096
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$34,400.31
|
$40,660.66
ISK5,188,707
|
|
| Taxi trip in downtown area (5 miles) |
$19.36
|
$22.04
ISK2,812
|
|
pay 5.0% less for housing
|
North Carolina
|
Iceland
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$72.47
|
$72.17
ISK9,210
|
|
| 1-Bedroom apartment in downtown area |
$1,527.81
|
$1,838.04
ISK234,552
|
|
| 1-Bedroom apartment outside city center |
$1,294.23
|
$1,497.77
ISK191,130
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$130.82
|
$58.01
ISK7,403
|
|
pay 77.8% less for childcare
|
North Carolina
|
Iceland
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$1,254.70
|
$258.16
ISK32,944
|
|
| Middle school for 1 child, two semesters |
$25,128.75
|
$5,993.99
ISK764,894
|
|
pay 31.4% more for entertainment and sports
|
North Carolina
|
Iceland
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$5.09
|
$9.19
ISK1,172
|
|
| Cappuccino in mid-range area |
$4.89
|
$4.65
ISK593
|
|
|
Pack of cigarettes
Marlboro or similar
|
$7.33
|
$11.76
ISK1,500
|
|
| Monthly membership at local gym |
$54.04
|
$61.46
ISK7,843
|
|
| Movie ticket to theater/cinema |
$13.35
|
$14.35
ISK1,831
|
|
pay 80.0% more for clothing
|
North Carolina
|
Iceland
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$49.88
|
$111.23
ISK14,194
|
|
|
Regular dress
from H&M or similar store
|
$37.28
|
$59.69
ISK7,617
|
|
|
Running shoes
Nike or Adidas
|
$86.65
|
$148.00
ISK18,886
|
|
| Men's business shoes (leather) |
$111.01
|
$184.49
ISK23,543
|
|
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