Cost of Living in Iceland vs Somalia 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.

$1,117

Somalia

Discover Somalia, a captivating country with a population of 11,031,386. Experience a comfortable way of life, where the average cost of living stands at $1117, and the median after-tax salary amounts to $360.0. Savor the culinary delights of Somalia at various restaurants for an average of $49, explore bustling markets with essentials priced at around $60, and entrust your childcare needs to facilities costing approximately $861annually. Keep your wardrobe stylish with a clothing budget of ${cloth_two}, and secure a beautiful home for $840per month. Somalia also boasts an appealing average salary of $360.0. Immerse yourself in the beauty of Somalia, where affordability and cultural richness converge.

restaurant
$ 150
Restaurants
restaurant
$ 49
Restaurants
store
$ 114
Markets
store
$ 60
Markets
child_friendly
$ 5,310
Childcare
child_friendly
$ 861
Childcare
checkroom
$ 468
Clothing
checkroom
$ 85
Clothing
night_shelter
$ 5,842
Rent Per Month
night_shelter
$ 840
Rent Per Month
account_balance_wallet
$ 3,030
Salaries
account_balance_wallet
$ 360
Salaries
Iceland VS Somalia
restaurant

Restaurants

Iceland

Somalia

Difference

Meal, Inexpensive Restaurant

17.12 $ 3.0 $ 470 %

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

95.86 $ 18.0 $ 432 %

McMeal at McDonalds (or Equivalent Combo Meal)

13.69 $ 5.0 $ 173 %

Domestic Beer (1 pint draught)

8.22 $ 9.0 $ -8 %

Imported Beer (12 oz small bottle)

7.19 $ 12.5 $ -42 %

Cappuccino (regular)

4.17 $ 1.09 $ 282 %

Coke/Pepsi (12 oz small bottle)

2.36 $ 0.59 $ 300 %

Water (12 oz small bottle)

1.85 $ 0.4 $ 362 %
store

Markets

Iceland

Somalia

Difference

Milk (regular), (1 gallon)

1.34 $ 1.5 $ -10 %

Loaf of Fresh White Bread (1 lb)

3.02 $ 0.84 $ 259 %

Rice (white), (1 lb)

2.77 $ 1.24 $ 123 %

Eggs (regular) (12)

5.06 $ 2.28 $ 121 %

Local Cheese (1 lb)

12.49 $ 5.09 $ 145 %

Chicken Fillets (1 lb)

15.37 $ 4.4 $ 249 %

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

22.77 $ 5.54 $ 311 %

Apples (1 lb)

2.76 $ 3.89 $ -29 %

Banana (1 lb)

2.07 $ 1.42 $ 45 %

Oranges (1 lb)

2.24 $ 3.01 $ -25 %

Tomato (1 lb)

4.0 $ 1.03 $ 288 %

Potato (1 lb)

2.33 $ 1.01 $ 130 %

Onion (1 lb)

1.26 $ 0.92 $ 36 %

Lettuce (1 head)

2.36 $ 0.78 $ 202 %

Water (1.5 liter bottle)

1.71 $ 0.69 $ 147 %

Bottle of Wine (Mid-Range)

17.12 $ 25.0 $ -31 %

Domestic Beer (0.5 liter bottle)

2.87 $ 0.5 $ 474 %

Imported Beer (12 oz small bottle)

2.5 $ 0.65 $ 284 %

Cigarettes 20 Pack (Marlboro)

10.54 $ 1.2 $ 778 %
commute

Transportation

Iceland

Somalia

Difference

One-way Ticket (Local Transport)

3.36 $ 0.3 $ 1020 %

Monthly Pass (Regular Price)

54.78 $ 35.0 $ 56 %

Taxi Start (Normal Tariff)

5.07 $ 1.5 $ 238 %

Taxi 1 mile (Normal Tariff)

2.4 $ 0.9 $ 166 %

Taxi 1hour Waiting (Normal Tariff)

54.23 $ 10.0 $ 442 %

Gasoline (1 gallon)

2.02 $ 0.97 $ 108 %

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

28757.27 $ 8000.0 $ 259 %

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

32047.42 $ 6633.33 $ 383 %
mark_as_unread

Utilities (Monthly)

Iceland

Somalia

Difference

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

106.62 $ 74.09 $ 43 %

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

0.15 $ 0.06 $ 150 %

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

64.03 $ 31.36 $ 104 %
kitesurfing

Sports And Leisure

Iceland

Somalia

Difference

Fitness Club, Monthly Fee for 1 Adult

58.92 $ 25.42 $ 131 %

Tennis Court Rent (1 Hour on Weekend)

31.67 $ 7.6 $ 316 %

Cinema, International Release, 1 Seat

11.64 $ 4.0 $ 191 %
child_friendly

Childcare

Iceland

Somalia

Difference

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

262.47 $ 45.56 $ 476 %

International Primary School, Yearly for 1 Child

5048.5 $ 815.71 $ 518 %
checkroom

Clothing And Shoes

Iceland

Somalia

Difference

1 Pair of Jeans (Levis 501 Or Similar)

107.87 $ 14.11 $ 664 %

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

50.21 $ 18.0 $ 178 %

1 Pair of Nike Running Shoes (Mid-Range)

139.95 $ 21.62 $ 547 %

1 Pair of Men Leather Business Shoes

170.67 $ 32.12 $ 431 %
night_shelter

Rent Per Month

Iceland

Somalia

Difference

Apartment (1 bedroom) in City Centre

1307.6 $ 161.78 $ 708 %

Apartment (1 bedroom) Outside of Centre

1057.94 $ 73.74 $ 1334 %

Apartment (3 bedrooms) in City Centre

1854.8 $ 397.96 $ 366 %

Apartment (3 bedrooms) Outside of Centre

1622.55 $ 207.06 $ 683 %
home

Buy Apartment Price

Iceland

Somalia

Difference

Price per Square Feet to Buy Apartment in City Centre

4884.47 $ 43852.0 $ -88 %

Price per Square Feet to Buy Apartment Outside of Centre

3742.8 $ 34458.33 $ -89 %
account_balance_wallet

Salaries And Financing

Iceland

Somalia

Difference

Average Monthly Net Salary (After Tax)

3030.17 $ 360.0 $ 741 %

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

5.55 % 8.74 % -36 %