Cost of Living in Iceland vs South Korea comparison
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.
South Korea
Discover South Korea, a captivating country with a population of 51,466,201. Experience a comfortable way of life, where the average cost of living stands at $1993, and the median after-tax salary amounts to $2010.65. Savor the culinary delights of South Korea at various restaurants for an average of $57, explore bustling markets with essentials priced at around $107, and entrust your childcare needs to facilities costing approximately $18809annually. Keep your wardrobe stylish with a clothing budget of ${cloth_two}, and secure a beautiful home for $2578per month. South Korea also boasts an appealing average salary of $2010.65. Immerse yourself in the beauty of South Korea, where affordability and cultural richness converge.
|
Restaurants |
Iceland |
South Korea |
Difference |
|---|---|---|---|
|
Meal, Inexpensive Restaurant |
17.12 $ | 5.56 $ | 207 % |
|
Meal for 2 People, Mid-range Restaurant, Three-course |
95.86 $ | 34.75 $ | 175 % |
|
McMeal at McDonalds (or Equivalent Combo Meal) |
13.69 $ | 4.86 $ | 181 % |
|
Domestic Beer (1 pint draught) |
8.22 $ | 2.78 $ | 195 % |
|
Imported Beer (12 oz small bottle) |
7.19 $ | 4.17 $ | 72 % |
|
Cappuccino (regular) |
4.17 $ | 3.25 $ | 28 % |
|
Coke/Pepsi (12 oz small bottle) |
2.36 $ | 1.24 $ | 90 % |
|
Water (12 oz small bottle) |
1.85 $ | 0.65 $ | 184 % |
|
Markets |
Iceland |
South Korea |
Difference |
|---|---|---|---|
|
Milk (regular), (1 gallon) |
1.34 $ | 1.82 $ | -26 % |
|
Loaf of Fresh White Bread (1 lb) |
3.02 $ | 2.3 $ | 31 % |
|
Rice (white), (1 lb) |
2.77 $ | 3.22 $ | -13 % |
|
Eggs (regular) (12) |
5.06 $ | 2.91 $ | 73 % |
|
Local Cheese (1 lb) |
12.49 $ | 12.49 $ | -- |
|
Chicken Fillets (1 lb) |
15.37 $ | 8.13 $ | 89 % |
|
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
22.77 $ | 28.53 $ | -20 % |
|
Apples (1 lb) |
2.76 $ | 5.73 $ | -51 % |
|
Banana (1 lb) |
2.07 $ | 3.09 $ | -33 % |
|
Oranges (1 lb) |
2.24 $ | 4.92 $ | -54 % |
|
Tomato (1 lb) |
4.0 $ | 5.04 $ | -20 % |
|
Potato (1 lb) |
2.33 $ | 3.18 $ | -26 % |
|
Onion (1 lb) |
1.26 $ | 2.36 $ | -46 % |
|
Lettuce (1 head) |
2.36 $ | 2.05 $ | 15 % |
|
Water (1.5 liter bottle) |
1.71 $ | 0.96 $ | 78 % |
|
Bottle of Wine (Mid-Range) |
17.12 $ | 13.9 $ | 23 % |
|
Domestic Beer (0.5 liter bottle) |
2.87 $ | 1.85 $ | 55 % |
|
Imported Beer (12 oz small bottle) |
2.5 $ | 2.19 $ | 14 % |
|
Cigarettes 20 Pack (Marlboro) |
10.54 $ | 3.13 $ | 236 % |
|
Transportation |
Iceland |
South Korea |
Difference |
|---|---|---|---|
|
One-way Ticket (Local Transport) |
3.36 $ | 0.9 $ | 273 % |
|
Monthly Pass (Regular Price) |
54.78 $ | 38.22 $ | 43 % |
|
Taxi Start (Normal Tariff) |
5.07 $ | 2.43 $ | 108 % |
|
Taxi 1 mile (Normal Tariff) |
2.4 $ | 0.69 $ | 247 % |
|
Taxi 1hour Waiting (Normal Tariff) |
54.23 $ | 8.34 $ | 550 % |
|
Gasoline (1 gallon) |
2.02 $ | 1.22 $ | 65 % |
|
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
28757.27 $ | 24545.84 $ | 17 % |
|
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
32047.42 $ | 21911.65 $ | 46 % |
|
Utilities (Monthly) |
Iceland |
South Korea |
Difference |
|---|---|---|---|
|
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
106.62 $ | 127.06 $ | -16 % |
|
1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans) |
0.15 $ | 0.15 $ | -- |
|
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
64.03 $ | 19.3 $ | 231 % |
|
Sports And Leisure |
Iceland |
South Korea |
Difference |
|---|---|---|---|
|
Fitness Club, Monthly Fee for 1 Adult |
58.92 $ | 42.31 $ | 39 % |
|
Tennis Court Rent (1 Hour on Weekend) |
31.67 $ | 16.69 $ | 89 % |
|
Cinema, International Release, 1 Seat |
11.64 $ | 8.34 $ | 39 % |
|
Childcare |
Iceland |
South Korea |
Difference |
|---|---|---|---|
|
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
262.47 $ | 325.01 $ | -19 % |
|
International Primary School, Yearly for 1 Child |
5048.5 $ | 18484.27 $ | -72 % |
|
Clothing And Shoes |
Iceland |
South Korea |
Difference |
|---|---|---|---|
|
1 Pair of Jeans (Levis 501 Or Similar) |
107.87 $ | 50.47 $ | 113 % |
|
1 Summer Dress in a Chain Store (Zara, H&M, ...) |
50.21 $ | 36.18 $ | 38 % |
|
1 Pair of Nike Running Shoes (Mid-Range) |
139.95 $ | 65.02 $ | 115 % |
|
1 Pair of Men Leather Business Shoes |
170.67 $ | 95.42 $ | 78 % |
|
Rent Per Month |
Iceland |
South Korea |
Difference |
|---|---|---|---|
|
Apartment (1 bedroom) in City Centre |
1307.6 $ | 445.59 $ | 193 % |
|
Apartment (1 bedroom) Outside of Centre |
1057.94 $ | 309.71 $ | 241 % |
|
Apartment (3 bedrooms) in City Centre |
1854.8 $ | 1100.29 $ | 68 % |
|
Apartment (3 bedrooms) Outside of Centre |
1622.55 $ | 723.08 $ | 124 % |
|
Buy Apartment Price |
Iceland |
South Korea |
Difference |
|---|---|---|---|
|
Price per Square Feet to Buy Apartment in City Centre |
4884.47 $ | 13976.44 $ | -65 % |
|
Price per Square Feet to Buy Apartment Outside of Centre |
3742.8 $ | 7599.99 $ | -50 % |
|
Salaries And Financing |
Iceland |
South Korea |
Difference |
|---|---|---|---|
|
Average Monthly Net Salary (After Tax) |
3030.17 $ | 2010.65 $ | 50 % |
|
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate |
5.55 % | 3.52 % | 57 % |