Cost of living comparison
Iceland is 3.0 times more expensive than Venezuela.
If you lived in Iceland instead of Venezuela, you would:
pay 2.1 times more for restaurants
|
Venezuela
|
Iceland
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$9.00
VEF89.74
|
$19.40
ISK2,670
|
|
|
Fast food combo meal
McDonalds, or similar
|
$9.86
VEF98.38
|
$16.94
ISK2,332
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$1.29
VEF12.85
|
$2.81
ISK387
|
|
| Bottle of water (11 fl. oz) |
$0.93
VEF9.30
|
$2.02
ISK278
|
|
pay 74.0% more for groceries
|
Venezuela
|
Iceland
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$1.82
VEF18.18
|
$2.95
ISK407
|
|
| Local cheese (8 oz) |
$2.86
VEF28.52
|
$7.27
ISK1,000
|
|
| Milk (1 gallon) |
$7.30
VEF72.78
|
$6.01
ISK827
|
|
|
Eggs
1 dozen
|
$2.35
VEF23.48
|
$5.42
ISK746
|
|
| Boneless chicken breast (1 lb) |
$2.73
VEF27.21
|
$8.51
ISK1,171
|
|
| Apples (1 lb) |
$2.19
VEF21.87
|
$1.22
ISK168
|
|
| Bananas (1 lb) |
$0.61
VEF6.11
|
$1.03
ISK141
|
|
| Oranges (1 lb) |
$0.66
VEF6.61
|
$1.17
ISK161
|
|
| Tomatoes (1 lb) |
$0.85
VEF8.43
|
$1.87
ISK258
|
|
| Potatoes (1 lb) |
$0.76
VEF7.59
|
$1.23
ISK170
|
|
| Onions (1 lb) |
$0.87
VEF8.69
|
$0.78
ISK108
|
|
pay 2.2 times more for transportation
|
Venezuela
|
Iceland
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$1.89
VEF18.88
|
$8.36
ISK1,151
|
|
| Monthly public transit pass |
$31.58
VEF315.03
|
$71.28
ISK9,812
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$30,312.50
VEF302,352.06
|
$40,660.66
ISK5,596,940
|
|
| Taxi trip in downtown area (5 miles) |
$25.72
VEF256.52
|
$22.04
ISK3,033
|
|
pay 6.7 times more for housing
|
Venezuela
|
Iceland
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$37.33
VEF372.38
|
$72.17
ISK9,935
|
|
| 1-Bedroom apartment in downtown area |
$186.78
VEF1,863.02
|
$1,838.04
ISK253,006
|
|
| 1-Bedroom apartment outside city center |
$128.17
VEF1,278.40
|
$1,497.77
ISK206,168
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$17.23
VEF171.83
|
$58.01
ISK7,986
|
|
pay 2.4 times more for childcare
|
Venezuela
|
Iceland
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$64.20
VEF640.40
|
$258.16
ISK35,536
|
|
| Middle school for 1 child, two semesters |
$7,090.00
VEF70,719.21
|
$5,993.99
ISK825,073
|
|
pay 3.5 times more for entertainment and sports
|
Venezuela
|
Iceland
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$1.29
VEF12.87
|
$9.19
ISK1,265
|
|
| Cappuccino in mid-range area |
$2.35
VEF23.43
|
$4.65
ISK640
|
|
|
Pack of cigarettes
Marlboro or similar
|
$3.27
VEF32.67
|
$11.76
ISK1,618
|
|
| Monthly membership at local gym |
$36.50
VEF364.03
|
$61.46
ISK8,460
|
|
| Movie ticket to theater/cinema |
$4.92
VEF49.12
|
$14.35
ISK1,975
|
|
pay 2.1 times more for clothing
|
Venezuela
|
Iceland
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$44.71
VEF445.99
|
$111.23
ISK15,311
|
|
|
Regular dress
from H&M or similar store
|
$38.72
VEF386.23
|
$59.69
ISK8,216
|
|
|
Running shoes
Nike or Adidas
|
$87.32
VEF870.97
|
$148.00
ISK20,372
|
|
| Men's business shoes (leather) |
$69.72
VEF695.44
|
$184.49
ISK25,396
|
|
Change currency:
ASK THE ELSEWHERE COMMUNITY
Join the Elsewhere community and ask a question about Iceland or Venezuela. It's a free, question-and-answer based forum to discuss what life is like in countries and cities around the world.