Cost of living comparison

Papua New Guinea

compared to

Iceland

Iceland vs. Papua New Guinea Cost of Living Summary

Iceland is 79.9% more expensive than Papua New Guinea overall.

Restaurants: pay 2.4 times more in Iceland
Groceries: pay 34.7% more in Iceland
Transportation: pay 2.6 times more in Iceland
Housing: pay 5.5% more in Iceland
Childcare: pay 7.3% less in Iceland
Entertainment and Sports: pay 2.2 times more in Iceland
Clothing: pay 2.1 times more in Iceland

The cost of transportation, restaurants, entertainment and sports, clothing, groceries, and housing in Iceland are more expensive than in Papua New Guinea. Notably, transportation, restaurants, and entertainment and sports are significantly more expensive in Iceland.

Iceland vs. Papua New Guinea Cost Breakdown

If you lived in Iceland instead of Papua New Guinea, you would:

Display currency: USD

pay 2.4 times more for restaurants

	Papua New Guinea	Iceland
Basic meal with drink at inexpensive restaurant	$12.38 PGK50.78	$19.40 ISK2,476	+56.7%
Fast food combo meal McDonalds, or similar	$7.43 PGK30.47	$16.94 ISK2,163	+128.1%
Bottle of Coca-Cola (11 fl. oz)	$0.80 PGK3.26	$2.81 ISK359	+253.2%
Bottle of water (11 fl. oz)	$0.89 PGK3.66	$2.02 ISK258	+126.8%
Average			+141.2%

Papua New Guinea vs. Iceland - Cost of restaurants

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pay 34.7% more for groceries

	Papua New Guinea	Iceland
Bread 1 loaf	$1.49 PGK6.09	$2.95 ISK377	+98.8%
Local cheese (8 oz)	$2.20 PGK9.01	$7.27 ISK927	+230.6%
Milk (1 gallon)	$7.01 PGK28.77	$6.01 ISK767	-14.4%
Eggs 1 dozen	$3.68 PGK15.11	$5.42 ISK692	+47.1%
Boneless chicken breast (1 lb)	$3.28 PGK13.44	$8.51 ISK1,086	+159.7%
Apples (1 lb)	$1.56 PGK6.38	$1.22 ISK156	-21.3%
Bananas (1 lb)	$1.19 PGK4.90	$1.03 ISK131	-14.1%
Oranges (1 lb)	$1.74 PGK7.15	$1.17 ISK150	-32.8%
Tomatoes (1 lb)	$2.02 PGK8.29	$1.87 ISK239	-7.3%
Potatoes (1 lb)	$1.57 PGK6.45	$1.23 ISK158	-21.5%
Onions (1 lb)	$1.37 PGK5.60	$0.78 ISK100	-42.6%
Average			+34.7%

Papua New Guinea vs. Iceland - Cost of groceries

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pay 2.6 times more for transportation

	Papua New Guinea	Iceland
Gasoline (1 gallon)	$4.29 PGK17.59	$8.36 ISK1,067	+95.0%
Monthly public transit pass	$16.69 PGK68.44	$71.28 ISK9,100	+327.1%
New Volkswagen Golf 1.4 (standard edition)	$25,877.21 PGK106,123.02	$40,660.66 ISK5,190,740	+57.1%
Taxi trip in downtown area (5 miles)	$22.04 PGK90.38	$22.04 ISK2,813
Average			+159.7%

Papua New Guinea vs. Iceland - Cost of transportation

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pay 5.5% more for housing

	Papua New Guinea	Iceland
Internet connection 50 mbps or faster, cable/dsl	$309.54 PGK1,269.41	$72.17 ISK9,214	-76.7%
1-Bedroom apartment in downtown area	$2,346.03 PGK9,621.14	$1,838.04 ISK234,644	-21.7%
1-Bedroom apartment outside city center	$609.17 PGK2,498.21	$1,497.77 ISK191,205	+145.9%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$78.11 PGK320.34	$58.01 ISK7,406	-25.7%
Average			+5.5%

Papua New Guinea vs. Iceland - Cost of housing

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pay 7.3% less for childcare

	Papua New Guinea	Iceland
Private preschool for 1 child, monthly	$494.23 PGK2,026.83	$258.16 ISK32,957	-47.8%
Middle school for 1 child, two semesters	$4,498.59 PGK18,448.82	$5,993.99 ISK765,193	+33.2%
Average			-7.3%

Papua New Guinea vs. Iceland - Cost of childcare

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pay 2.2 times more for entertainment and sports

	Papua New Guinea	Iceland
Domestic/local beer (1 pint)	$2.48 PGK10.16	$9.19 ISK1,173	+271.0%
Cappuccino in mid-range area	$1.83 PGK7.51	$4.65 ISK593	+153.7%
Pack of cigarettes Marlboro or similar	$7.48 PGK30.67	$11.76 ISK1,501	+57.2%
Monthly membership at local gym	$45.19 PGK185.33	$61.46 ISK7,846	+36.0%
Movie ticket to theater/cinema	$8.67 PGK35.54	$14.35 ISK1,832	+65.6%
Average			+116.7%

Papua New Guinea vs. Iceland - Cost of entertainment and sports

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pay 2.1 times more for clothing

	Papua New Guinea	Iceland
Regular jeans Levi's brand	$39.25 PGK160.96	$111.23 ISK14,200	+183.4%
Regular dress from H&M or similar store	$44.57 PGK182.80	$59.69 ISK7,620	+33.9%
Running shoes Nike or Adidas	$64.38 PGK264.04	$148.00 ISK18,894	+129.9%
Men's business shoes (leather)	$98.43 PGK403.67	$184.49 ISK23,552	+87.4%
Average			+108.7%

Papua New Guinea vs. Iceland - Cost of clothing

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The statistics used to build this comparison are calculated using data from users just like you. We average the price of thousands of data points entered by users across the world. Learn more about our data sources. Page last updated: May 2025

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