Cost of Living in Iceland vs Hong Kong comparison

$3,224

Iceland

Explore Iceland, a captivating country with a population of 364,260. Embrace a comfortable lifestyle with an average cost of living at $3224 and a median after-tax salary of $3030.17. Enjoy dining at diverse restaurants for $150, shop for essentials at bustling markets with an average of $114, and entrust your childcare needs to facilities costing approximately $5310annually. Keep your wardrobe fresh with a clothing budget of $468and secure a lovely home for $5842per month. Iceland also offers an attractive average salary of $3030.17. Immerse yourself in the beauty of Iceland, where rich culture meets affordability.

$4,036

Hong Kong

Discover Hong Kong, a captivating country with a population of 7,500,700. Experience a comfortable way of life, where the average cost of living stands at $4036, and the median after-tax salary amounts to $2983.61. Savor the culinary delights of Hong Kong at various restaurants for an average of $96, explore bustling markets with essentials priced at around $121, and entrust your childcare needs to facilities costing approximately $18953annually. Keep your wardrobe stylish with a clothing budget of ${cloth_two}, and secure a beautiful home for $11397per month. Hong Kong also boasts an appealing average salary of $2983.61. Immerse yourself in the beauty of Hong Kong, where affordability and cultural richness converge.

restaurant
$ 150
Restaurants
restaurant
$ 96
Restaurants
store
$ 114
Markets
store
$ 121
Markets
child_friendly
$ 5,310
Childcare
child_friendly
$ 18,953
Childcare
checkroom
$ 468
Clothing
checkroom
$ 338
Clothing
night_shelter
$ 5,842
Rent Per Month
night_shelter
$ 11,397
Rent Per Month
account_balance_wallet
$ 3,030
Salaries
account_balance_wallet
$ 2,983
Salaries
Iceland VS Hong Kong
restaurant

Restaurants

Iceland

Hong Kong

Difference

Meal, Inexpensive Restaurant

17.12 $ 7.64 $ 124 %

Meal for 2 People, Mid-range Restaurant, Three-course

95.86 $ 63.7 $ 50 %

McMeal at McDonalds (or Equivalent Combo Meal)

13.69 $ 5.41 $ 153 %

Domestic Beer (1 pint draught)

8.22 $ 6.37 $ 29 %

Imported Beer (12 oz small bottle)

7.19 $ 6.37 $ 12 %

Cappuccino (regular)

4.17 $ 5.06 $ -17 %

Coke/Pepsi (12 oz small bottle)

2.36 $ 1.25 $ 88 %

Water (12 oz small bottle)

1.85 $ 1.03 $ 79 %
store

Markets

Iceland

Hong Kong

Difference

Milk (regular), (1 gallon)

1.34 $ 3.04 $ -55 %

Loaf of Fresh White Bread (1 lb)

3.02 $ 2.28 $ 32 %

Rice (white), (1 lb)

2.77 $ 1.95 $ 42 %

Eggs (regular) (12)

5.06 $ 3.48 $ 45 %

Local Cheese (1 lb)

12.49 $ 24.99 $ -50 %

Chicken Fillets (1 lb)

15.37 $ 9.26 $ 65 %

Beef Round (1 lb) (or Equivalent Back Leg Red Meat)

22.77 $ 22.9 $ --

Apples (1 lb)

2.76 $ 4.54 $ -39 %

Banana (1 lb)

2.07 $ 2.58 $ -19 %

Oranges (1 lb)

2.24 $ 3.72 $ -39 %

Tomato (1 lb)

4.0 $ 2.9 $ 37 %

Potato (1 lb)

2.33 $ 2.57 $ -9 %

Onion (1 lb)

1.26 $ 2.59 $ -51 %

Lettuce (1 head)

2.36 $ 1.58 $ 49 %

Water (1.5 liter bottle)

1.71 $ 1.57 $ 8 %

Bottle of Wine (Mid-Range)

17.12 $ 19.11 $ -10 %

Domestic Beer (0.5 liter bottle)

2.87 $ 1.82 $ 57 %

Imported Beer (12 oz small bottle)

2.5 $ 2.78 $ -10 %

Cigarettes 20 Pack (Marlboro)

10.54 $ 7.9 $ 33 %
commute

Transportation

Iceland

Hong Kong

Difference

One-way Ticket (Local Transport)

3.36 $ 1.53 $ 119 %

Monthly Pass (Regular Price)

54.78 $ 63.7 $ -14 %

Taxi Start (Normal Tariff)

5.07 $ 3.18 $ 59 %

Taxi 1 mile (Normal Tariff)

2.4 $ 1.21 $ 98 %

Taxi 1hour Waiting (Normal Tariff)

54.23 $ 12.74 $ 325 %

Gasoline (1 gallon)

2.02 $ 2.72 $ -25 %

Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car)

28757.27 $ 33121.53 $ -13 %

Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car)

32047.42 $ 31917.11 $ --
mark_as_unread

Utilities (Monthly)

Iceland

Hong Kong

Difference

Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment

106.62 $ 196.81 $ -45 %

1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans)

0.15 $ 0.1 $ 49 %

Internet (60 Mbps or More, Unlimited Data, Cable/ADSL)

64.03 $ 22.17 $ 188 %
kitesurfing

Sports And Leisure

Iceland

Hong Kong

Difference

Fitness Club, Monthly Fee for 1 Adult

58.92 $ 71.59 $ -17 %

Tennis Court Rent (1 Hour on Weekend)

31.67 $ 9.1 $ 248 %

Cinema, International Release, 1 Seat

11.64 $ 12.74 $ -8 %
child_friendly

Childcare

Iceland

Hong Kong

Difference

Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child

262.47 $ 762.83 $ -65 %

International Primary School, Yearly for 1 Child

5048.5 $ 18190.61 $ -72 %
checkroom

Clothing And Shoes

Iceland

Hong Kong

Difference

1 Pair of Jeans (Levis 501 Or Similar)

107.87 $ 81.42 $ 32 %

1 Summer Dress in a Chain Store (Zara, H&M, ...)

50.21 $ 40.14 $ 25 %

1 Pair of Nike Running Shoes (Mid-Range)

139.95 $ 88.26 $ 58 %

1 Pair of Men Leather Business Shoes

170.67 $ 128.36 $ 32 %
night_shelter

Rent Per Month

Iceland

Hong Kong

Difference

Apartment (1 bedroom) in City Centre

1307.6 $ 2198.67 $ -40 %

Apartment (1 bedroom) Outside of Centre

1057.94 $ 1614.94 $ -34 %

Apartment (3 bedrooms) in City Centre

1854.8 $ 4519.81 $ -58 %

Apartment (3 bedrooms) Outside of Centre

1622.55 $ 3064.29 $ -47 %
home

Buy Apartment Price

Iceland

Hong Kong

Difference

Price per Square Feet to Buy Apartment in City Centre

4884.47 $ 31793.01 $ -84 %

Price per Square Feet to Buy Apartment Outside of Centre

3742.8 $ 20607.21 $ -81 %
account_balance_wallet

Salaries And Financing

Iceland

Hong Kong

Difference

Average Monthly Net Salary (After Tax)

3030.17 $ 2983.61 $ 1 %

Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate

5.55 % 2.34 % 137 %