Cost of living
Mongolia compared to Iceland
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Overview comparison
MongoliaIceland
Consumer prices in Iceland are roughly 36% higher than in Mongolia.
Cost of living
| Item | Mongolia | Iceland |
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| Total with rent one person | 909 | 2,964 |
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| Total with rent family | 1,981 | 4,846 |
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| Without rent one person | 430 | 959 |
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| Without rent one family | 1,494 | 2,730 |
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| Rent & Utilities person | 494.78 | 1,597.82 |
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| Rent & Utilities family | 1,097.17 | 2,046.76 |
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| Food person | 357 | 870 |
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| Food family | 959 | 2,184 |
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| Transport person | 51.66 | 77.85 |
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| Transport family | 149.94 | 222.83 |
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| Life expectancy | 72.4 years | 82.81 years |
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Eating Out
| Item | Mongolia | Iceland |
|---|
| Lunch Menu | 4.59 | 17.65 |
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| Dinner in a Restaurant, for 2 | 25.41 | 129.25 |
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| Fast food meal, equiv. McDonald's | 5.43 | 18.5 |
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| Beer in a Pub, 0.5 L or 16 fl oz | 1.49 | 12.12 |
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| Cappuccino | 2.28 | 4.5 |
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| Pepsi / Coke, 0.5 L or 16.9 fl oz | 0.69 | 3.66 |
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Rent & Utilities
| Item | Mongolia | Iceland |
|---|
| 1 bedroom apartment in city Center, 40 m2 or 430 ft2 | 572.03 | 1,800.05 |
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| Cheap 1 bedroom apartment, 40 m2 or 430 ft2 | 412.2 | 1,312.55 |
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| 3 bedroom apartment in city Center, 80 m2 or 860 ft2 | 1,500.11 | 2,314.52 |
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| Cheap 3 bedroom apartment, 80 m2 or 860 ft2 | 903.4 | 2,843.64 |
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| Utility Bill one person, electricity, heating, water, etc. | 63.1 | 44.71 |
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| Utility Bill for a Family, electricity, heating, water, etc. | 66.58 | 67.33 |
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| Internet plan, 25 Mbps+ 1 month unlimited | 15.73 | 76.76 |
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Transportation
| Item | Mongolia | Iceland |
|---|
| Local transport ticket | 5.43 | 7.78 |
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| Gas / Petrol, 1 L or 0.26 gal | 0.13 | 5.47 |
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| Mortgage Interest Rate for 20 Years | 16.01% | 12.46% |
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| Apartment price to Buy in city Center, 1 m2 or 10 ft2 | 5.74 | 22.8 |
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| House price to Buy in Suburbs, 1 m2 or 10 ft2 | 1.09 | 2.33 |
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Groceries
| Item | Mongolia | Iceland |
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| Milk, 1 L or 1 qt | 1.62 | 1.83 |
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| Bread, 0.5 kg or 1.1 lb | 0.99 | 3.36 |
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| Eggs, x12 | 2.51 | 6.58 |
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| Cheese, 1 kg or 2.2 lb | 11.16 | 14.12 |
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| Chicken Breast, 1 kg or 2.2 lb | 4.35 | 15.81 |
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| Round Steak, 1 kg or 2.2 lb | 5.04 | 40.5 |
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| Banana, 1 kg or 2.2 lb | 2.91 | 2.45 |
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| Water, 1 L or 1 qt | 0.4 | 1.36 |
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Other
| Item | Mongolia | Iceland |
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| Gym Membership, 1 month | 80.7 | 76.37 |
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| Cinema Ticket, 1 person | 4.29 | 16.72 |
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| Doctors visit | 17.02 | 93.82 |
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| Haircut, simple | 5.82 | 51.01 |
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| Brand Jeans | 77.54 | 119.07 |
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| Brand Sneakers | 98.8 | 169.8 |
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| Daycare or Preschool, 1 month | 153.81 | 220.27 |
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| International Primary School, 1 year | 9,120 | 6,414 |
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