Cost of living comparison
Iceland is 7.1% cheaper than Virgin Islands overall.
- Restaurants
-
pay 12.0% more in Iceland
- Groceries
-
pay 42.0% less in Iceland
- Transportation
-
pay 8.5% less in Iceland
- Housing
-
pay 23.1% less in Iceland
- Childcare
-
pay 68.5% less in Iceland
- Entertainment and Sports
-
pay 32.8% more in Iceland
- Clothing
-
pay 47.3% more in Iceland
The cost of clothing, entertainment and sports, and restaurants in Iceland are more expensive than in Virgin Islands. Expenses including childcare, groceries, housing, and transportation are lower in Iceland.
If you lived in Iceland instead of Virgin Islands, you would:
pay 12.0% more for restaurants
|
Virgin Islands
|
Iceland
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$24.00
|
$19.40
ISK2,608
|
|
|
Fast food combo meal
McDonalds, or similar
|
$9.18
|
$16.94
ISK2,278
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$3.02
|
$2.81
ISK378
|
|
| Bottle of water (11 fl. oz) |
$2.26
|
$2.02
ISK272
|
|
pay 42.0% less for groceries
|
Virgin Islands
|
Iceland
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$6.40
|
$2.95
ISK397
|
|
| Local cheese (8 oz) |
$7.98
|
$7.27
ISK977
|
|
| Milk (1 gallon) |
$10.27
|
$6.01
ISK808
|
|
|
Eggs
1 dozen
|
$6.80
|
$5.42
ISK729
|
|
| Boneless chicken breast (1 lb) |
$11.70
|
$8.51
ISK1,144
|
|
| Apples (1 lb) |
$3.78
|
$1.22
ISK165
|
|
| Bananas (1 lb) |
$2.30
|
$1.03
ISK138
|
|
| Oranges (1 lb) |
$2.98
|
$1.17
ISK157
|
|
| Tomatoes (1 lb) |
$4.63
|
$1.87
ISK252
|
|
| Potatoes (1 lb) |
$1.21
|
$1.23
ISK166
|
|
| Onions (1 lb) |
$2.47
|
$0.78
ISK106
|
|
pay 8.5% less for transportation
|
Virgin Islands
|
Iceland
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$5.33
|
$8.36
ISK1,124
|
|
| Monthly public transit pass |
$100.00
|
$71.28
ISK9,584
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$42,333.33
|
$40,660.66
ISK5,467,232
|
|
| Taxi trip in downtown area (5 miles) |
$52.43
|
$22.04
ISK2,963
|
|
pay 23.1% less for housing
|
Virgin Islands
|
Iceland
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$96.50
|
$72.17
ISK9,705
|
|
| 1-Bedroom apartment in downtown area |
$1,781.25
|
$1,838.04
ISK247,143
|
|
| 1-Bedroom apartment outside city center |
$1,389.90
|
$1,497.77
ISK201,390
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$266.22
|
$58.01
ISK7,801
|
|
pay 68.5% less for childcare
|
Virgin Islands
|
Iceland
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$991.67
|
$258.16
ISK34,713
|
|
| Middle school for 1 child, two semesters |
$16,200.00
|
$5,993.99
ISK805,952
|
|
pay 32.8% more for entertainment and sports
|
Virgin Islands
|
Iceland
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$5.70
|
$9.19
ISK1,235
|
|
| Cappuccino in mid-range area |
$6.43
|
$4.65
ISK625
|
|
|
Pack of cigarettes
Marlboro or similar
|
$4.50
|
$11.76
ISK1,581
|
|
| Monthly membership at local gym |
$109.33
|
$61.46
ISK8,264
|
|
| Movie ticket to theater/cinema |
$12.67
|
$14.35
ISK1,929
|
|
pay 47.3% more for clothing
|
Virgin Islands
|
Iceland
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$78.12
|
$111.23
ISK14,956
|
|
|
Regular dress
from H&M or similar store
|
$62.38
|
$59.69
ISK8,026
|
|
|
Running shoes
Nike or Adidas
|
$98.75
|
$148.00
ISK19,900
|
|
| Men's business shoes (leather) |
$91.67
|
$184.49
ISK24,807
|
|
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