Cost of living
Serbia compared to Iceland
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Overview comparison
SerbiaIceland
Consumer prices in Iceland are roughly 45% higher than in Serbia.
Cost of living
| Item | Serbia | Iceland |
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| Total with rent one person | 984 | 2,964 |
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| Total with rent family | 2,223 | 4,846 |
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| Without rent one person | 542 | 959 |
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| Without rent one family | 1,189 | 2,730 |
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| Rent & Utilities person | 517.97 | 1,597.82 |
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| Rent & Utilities family | 1,103.59 | 2,046.76 |
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| Food person | 342 | 870 |
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| Food family | 1,016 | 2,184 |
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| Transport person | 62.73 | 77.85 |
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| Transport family | 187.21 | 222.83 |
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| Life expectancy | 84.76 years | 80.74 years |
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Eating Out
| Item | Serbia | Iceland |
|---|
| Lunch Menu | 8.95 | 17.65 |
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| Dinner in a Restaurant, for 2 | 41.32 | 129.25 |
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| Fast food meal, equiv. McDonald's | 9.32 | 18.5 |
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| Beer in a Pub, 0.5 L or 16 fl oz | 2.58 | 12.12 |
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| Cappuccino | 2.15 | 4.5 |
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| Pepsi / Coke, 0.5 L or 16.9 fl oz | 1.86 | 3.66 |
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Rent & Utilities
| Item | Serbia | Iceland |
|---|
| 1 bedroom apartment in city Center, 40 m2 or 430 ft2 | 443.41 | 1,800.05 |
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| Cheap 1 bedroom apartment, 40 m2 or 430 ft2 | 386.48 | 1,312.55 |
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| 3 bedroom apartment in city Center, 80 m2 or 860 ft2 | 1,167.83 | 2,314.52 |
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| Cheap 3 bedroom apartment, 80 m2 or 860 ft2 | 703.54 | 2,843.64 |
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| Utility Bill one person, electricity, heating, water, etc. | 120.63 | 44.71 |
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| Utility Bill for a Family, electricity, heating, water, etc. | 130.94 | 67.33 |
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| Internet plan, 25 Mbps+ 1 month unlimited | 27.6 | 76.76 |
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Transportation
| Item | Serbia | Iceland |
|---|
| Local transport ticket | 7.01 | 7.78 |
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| Monthly ticket local transport | 3,415 | 4,980 |
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| Taxi Ride, 8 km or 5 mi | 2,140 | 4,162 |
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| Gas / Petrol, 1 L or 0.26 gal | 0.69 | 5.47 |
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| Mortgage Interest Rate for 20 Years | 17.68% | 72.85% |
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| Apartment price to Buy in city Center, 1 m2 or 10 ft2 | 10.25 | 22.8 |
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| House price to Buy in Suburbs, 1 m2 or 10 ft2 | 1.89 | 2.33 |
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Groceries
| Item | Serbia | Iceland |
|---|
| Milk, 1 L or 1 qt | 1.15 | 1.83 |
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| Bread, 0.5 kg or 1.1 lb | 0.7 | 3.36 |
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| Eggs, x12 | 2.61 | 6.58 |
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| Cheese, 1 kg or 2.2 lb | 11.44 | 14.12 |
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| Chicken Breast, 1 kg or 2.2 lb | 6.2 | 15.81 |
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| Round Steak, 1 kg or 2.2 lb | 10.18 | 40.5 |
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| Banana, 1 kg or 2.2 lb | 1.41 | 2.45 |
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| Water, 1 L or 1 qt | 0.43 | 1.36 |
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Other
| Item | Serbia | Iceland |
|---|
| Gym Membership, 1 month | 33.66 | 76.37 |
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| Cinema Ticket, 1 person | 6.42 | 16.72 |
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| Doctors visit | 36.11 | 93.82 |
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| Haircut, simple | 5.79 | 51.01 |
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| Brand Jeans | 101.43 | 119.07 |
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| Brand Sneakers | 109.57 | 169.8 |
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| Daycare or Preschool, 1 month | 297.52 | 220.27 |
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| International Primary School, 1 year | 6,214 | 6,414 |
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