Cost of living comparison
Iceland is 6.3 times more expensive than North Korea overall.
- Restaurants
-
pay 59.8% more in Iceland
- Groceries
-
pay 75.4% more in Iceland
- Housing
-
pay 19.5 times more in Iceland
- Entertainment and Sports
-
pay 2.5 times more in Iceland
The cost of housing, entertainment and sports, groceries, and restaurants in Iceland are more expensive than in North Korea. Notably, housing, entertainment and sports, and groceries are significantly more expensive in Iceland.
If you lived in Iceland instead of North Korea, you would:
pay 59.8% more for restaurants
|
North Korea
|
Iceland
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant | ?? |
$19.40
ISK2,491
|
|
|
Fast food combo meal
McDonalds, or similar
|
?? |
$16.94
ISK2,176
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.14
KPW1,929
|
$2.81
ISK361
|
|
| Bottle of water (11 fl. oz) |
$1.07
KPW965
|
$2.02
ISK260
|
|
pay 75.4% more for groceries
|
North Korea
|
Iceland
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$2.20
KPW1,983
|
$2.95
ISK379
|
|
| Local cheese (8 oz) | ?? |
$7.27
ISK933
|
|
| Milk (1 gallon) |
$3.40
KPW3,058
|
$6.01
ISK771
|
|
|
Eggs
1 dozen
|
$2.52
KPW2,267
|
$5.42
ISK696
|
|
| Boneless chicken breast (1 lb) | ?? |
$8.51
ISK1,093
|
|
| Apples (1 lb) | ?? |
$1.22
ISK157
|
|
| Bananas (1 lb) | ?? |
$1.03
ISK132
|
|
| Oranges (1 lb) | ?? |
$1.17
ISK150
|
|
| Tomatoes (1 lb) | ?? |
$1.87
ISK241
|
|
| Potatoes (1 lb) | ?? |
$1.23
ISK159
|
|
| Onions (1 lb) | ?? |
$0.78
ISK101
|
|
pay (unknown) more for transportation
|
North Korea
|
Iceland
|
||
|---|---|---|---|
| Gasoline (1 gallon) | ?? |
$8.36
ISK1,074
|
|
| Monthly public transit pass | ?? |
$71.28
ISK9,154
|
|
| New Volkswagen Golf 1.4 (standard edition) | ?? |
$40,660.66
ISK5,221,945
|
|
| Taxi trip in downtown area (5 miles) | ?? |
$22.04
ISK2,830
|
pay 19.5 times more for housing
|
North Korea
|
Iceland
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
?? |
$72.17
ISK9,269
|
|
| 1-Bedroom apartment in downtown area |
$85.74
KPW77,167
|
$1,838.04
ISK236,055
|
|
| 1-Bedroom apartment outside city center |
$85.74
KPW77,167
|
$1,497.77
ISK192,355
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
?? |
$58.01
ISK7,451
|
|
pay (unknown) more for childcare
|
North Korea
|
Iceland
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly | ?? |
$258.16
ISK33,155
|
|
| Middle school for 1 child, two semesters | ?? |
$5,993.99
ISK769,793
|
pay 2.5 times more for entertainment and sports
|
North Korea
|
Iceland
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$12.86
KPW11,575
|
$9.19
ISK1,180
|
|
| Cappuccino in mid-range area |
$1.07
KPW965
|
$4.65
ISK597
|
|
|
Pack of cigarettes
Marlboro or similar
|
?? |
$11.76
ISK1,510
|
|
| Monthly membership at local gym | ?? |
$61.46
ISK7,893
|
|
| Movie ticket to theater/cinema | ?? |
$14.35
ISK1,843
|
|
pay (unknown) more for clothing
|
North Korea
|
Iceland
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
?? |
$111.23
ISK14,285
|
|
|
Regular dress
from H&M or similar store
|
?? |
$59.69
ISK7,666
|
|
|
Running shoes
Nike or Adidas
|
?? |
$148.00
ISK19,007
|
|
| Men's business shoes (leather) | ?? |
$184.49
ISK23,694
|
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