Cost of living

Iceland

compared to

China

hira
Iceland
China
Cost of living one person
$2964
$718
Cost of living Family
$4846
$1974
One person rent
$959
$463
Family rent
$2730
$1485
Food expenses
$870
$242
Transport expenses
$77.85
$72.12
Monthly salary after tax
$3818.15
$771.56
Quality of life
32.56
32.86
Human freedom index
10.31
4.38
Life expectancy
80.74
74.48
English speaking %
92.73%
8.76%
Population
353.6K
1.41B

The average cost of living in Iceland ($2964) is 313% more expensive than in China ($718). Iceland ranked 4th vs 134th for China in the list of the most expensive countries in the world.

The average after-tax salary is enough to cover living expenses for 1.3 months in Iceland compared to 1.1 months in China .

Eating Out
Iceland
China
Lunch Menu
$17.65
$3.27
Dinner in a Restaurant, for 2
$129.25
$26
Fast food meal, equiv. McDonald's
$18.5
$5.28
Beer in a Pub, 0.5 L or 16 fl oz
$12.12
$1.03
Cappuccino
$4.5
$3.8
Pepsi / Coke, 0.5 L or 16.9 fl oz
$3.66
$0.58
Rent & Utilities
Iceland
China
1 bedroom apartment in city Center, 40 m2 or 430 ft2
$1800.05
$324.01
Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$1312.55
$198.02
3 bedroom apartment in city Center, 80 m2 or 860 ft2
$2314.52
$688.04
Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$2843.64
$551.3
Utility Bill one person, electricity, heating, water, etc.
$44.71
$37.47
Utility Bill for a Family, electricity, heating, water, etc.
$67.33
$59.36
Internet plan, 50 Mbps+ 1 month unlimited
$76.76
$10.32
Mortgage Interest Rate for 20 Years
$7.78
$4.89
Apartment price to Buy in city Center, 1 m2 or 10 ft2
$4980
$5017
House price to Buy in Suburbs, 1 m2 or 10 ft2
$4162
$3339
Transportation
Iceland
China
Local transport ticket
$5.47
$0.33
Monthly ticket local transport
$72.85
$17.54
Taxi Ride, 8 km or 5 mi
$22.8
$5.05
Gas / Petrol, 1 L or 0.26 gal
$2.33
$1.24
Groceries
Iceland
China
Milk, 1 L or 1 qt
$1.83
$1.82
Bread, 0.5 kg or 1.1 lb
$3.36
$1.58
Rice, 1 kg or 2.2 lb
$3.4
$1.05
Eggs, x12
$6.58
$1.42
Cheese, 1 kg or 2.2 lb
$14.12
$12.91
Chicken Breast, 1 kg or 2.2 lb
$15.81
$4.17
Round Steak, 1 kg or 2.2 lb
$40.5
$10.98
Apples, 1 kg or 2.2 lb
$3.2
$1.4
Banana, 1 kg or 2.2 lb
$2.45
$1.53
Oranges, 1 kg or 2.2 lb
$2.45
$1.37
Tomato, 1 kg or 2.2 lb
$4.57
$1.1
Potato, 1 kg or 2.2 lb
$2.88
$0.7
Onion, 1 kg or 2.2 lb
$1.63
$1.03
Water, 1 L or 1 qt
$1.36
$0.46
Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$2.85
$1.18
Wine (mid-priced), 750 mL bottle
$19.7
$12.95
Beer, 0.5 L or 16 fl oz
$3.94
$0.93
Cigarette pack
$12.77
$4.1
Cold medicince, 1 week
$11.31
$4.27
Hair Shampoo
$4.93
$5.12
Toilet paper, 4 rolls
$4.6
$1.6
Toothpaste, 1 tube
$2.98
$1.9
Other
Iceland
China
Gym Membership, 1 month
$76.37
$39.29
Cinema Ticket, 1 person
$16.72
$5.9
Doctor's visit
$93.82
$32.27
Haircut, simple
$51.01
$5.12
Brand Jeans
$119.07
$61.27
Brand Sneakers
$169.8
$78.06
Daycare or Preschool, 1 month
$220.27
$491.51
International Primary School, 1 year
$6414
$18082