Published: Monday, 21th October 2024
The cost of living in Bulgaria is 1.66 times less expensive as compared to Iceland.
On this page, you will find side-by-side cost comparison between Bulgaria and Iceland. We have created 172 cost-of-living indicators. We average the prices of all those indicators and take a mathematically calculated approach to determine which country is more expensive to live in between Bulgaria and Iceland.
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Indicators | Bulgaria | Iceland |
---|---|---|
1 BHK Apartment in City Center | 750 BGN (405 USD) | 200,000 ISK (1,420 USD) |
2 BHK Apartment in City Center | 1,200 BGN (648 USD) | 300,000 ISK (2,130 USD) |
3 BHK Apartment in City Center | 1,800 BGN (972 USD) | 400,000 ISK (2,840 USD) |
1 BHK Apartment outside City Center | 450 BGN (243 USD) | 150,000 ISK (1,065 USD) |
2 BHK Apartment outside City Center | 750 BGN (405 USD) | 200,000 ISK (1,420 USD) |
3 BHK Apartment outside City Center | 1,200 BGN (648 USD) | 300,000 ISK (2,130 USD) |
Mortgage Rates Per Month | 3 % | 4 % |
Realtor Commission | 1.5 % | 2 % |
Property Taxes | 0.01 to 0.45 % | 0.2 to 1.65 % |
The average housing cost in Bulgaria is 3.32 times less expensive than Iceland.
Indicators | Bulgaria | Iceland |
---|---|---|
Basic Home Furnishing | 1,500 BGN (810 USD) | 300,000 ISK (2,130 USD) |
Electricity Cost Per Month | 150 BGN (81 USD) | 20,000 ISK (142 USD) |
Heating Cost Per Month | 200 BGN (108 USD) | 25,000 ISK (177.50 USD) |
Cooling Cost Per Month | 50 BGN (27 USD) | 10,000 ISK (71 USD) |
Water Supply Cost Per Month | 30 BGN (16.20 USD) | 5,000 ISK (35.50 USD) |
If you lived in Bulgaria, instead of Iceland, you would have to pay 59.23% less for Utilities.
The basic home furnishing in Bulgaria costs 2.63 times less compared to Iceland.
Indicators | Bulgaria | Iceland |
---|---|---|
Standard Wifi Cost Per Month | 60 BGN (32.40 USD) | 10,000 ISK (71 USD) |
Mobile Phone Basic Plan Cost Per Month | 30 BGN (16.20 USD) | 5,000 ISK (35.50 USD) |
Landline Basic Plan Cost Per Month | 25 BGN (13.50 USD) | 3,000 ISK (21.30 USD) |
Cable TV Basic Plan Cost Per Month | 40 BGN (21.60 USD) | 8,000 ISK (56.80 USD) |
The internet and communication costs 54.66% less in Bulgaria compared to Iceland.
Indicators | Bulgaria | Iceland |
---|---|---|
Long Grain Rice (1 KG) | 3.50 BGN (1.89 USD) | 500 ISK (3.55 USD) |
Milk (1 Liter) | 2.20 BGN (1.19 USD) | 250 ISK (1.78 USD) |
Water (1 Liter) | 1 BGN (0.54 USD) | 50 ISK (0.36 USD) |
Bread (500 gm) | 1.10 BGN (0.59 USD) | 150 ISK (1.07 USD) |
Eggs (1 Dozen) | 3.20 BGN (1.73 USD) | 500 ISK (3.55 USD) |
Cheese (1 KG) | 8.50 BGN (4.59 USD) | 1,200 ISK (8.52 USD) |
Chicken Breast (1 KG) | 10 BGN (5.40 USD) | 1,000 ISK (7.10 USD) |
In Bulgaria, the cost of 1 Liter Water and 1 Liter Milk is 1.23 times less expensive than the cost in Iceland.
If you lived in Bulgaria, instead of Iceland, you would have to pay 38.53% less for Groceries.
Indicators | Bulgaria | Iceland |
---|---|---|
Apples (1 KG) | 3 BGN (1.62 USD) | 800 ISK (5.68 USD) |
Bananas (1 KG) | 2.50 BGN (1.35 USD) | 600 ISK (4.26 USD) |
Oranges (1 KG) | 3.50 BGN (1.89 USD) | 700 ISK (4.97 USD) |
Tomatoes (1 KG) | 4 BGN (2.16 USD) | 500 ISK (3.55 USD) |
Potatoes (1 KG) | 1.80 BGN (0.97 USD) | 400 ISK (2.84 USD) |
Lemons (1 KG) | 4.50 BGN (2.43 USD) | 700 ISK (4.97 USD) |
Onions (1 KG) | 2 BGN (1.08 USD) | 600 ISK (4.26 USD) |
Lentils (1 KG) | 5 BGN (2.70 USD) | 600 ISK (4.26 USD) |
If you lived in Bulgaria, instead of Iceland, you would have to pay 2.45 times less for Fruits and Vegetables.
Indicators | Bulgaria | Iceland |
---|---|---|
Meal at a Resonable Restaurant | 20 BGN (10.80 USD) | 3,500 ISK (24.85 USD) |
Three-Course Meal for Two | 50 BGN (27 USD) | 8,000 ISK (56.80 USD) |
Fast Food Combo Meal | 10 BGN (5.40 USD) | 1,500 ISK (10.65 USD) |
Normal Coffee | 3 BGN (1.62 USD) | 500 ISK (3.55 USD) |
Soft Drink | 2 BGN (1.08 USD) | 300 ISK (2.13 USD) |
Pizza for One | 15 BGN (8.10 USD) | 2,500 ISK (17.75 USD) |
Take-Out Delivery Meal | 25 BGN (13.50 USD) | 3,000 ISK (21.30 USD) |
Cigarette Pack of 20 | 6 BGN (3.24 USD) | 1,500 ISK (10.65 USD) |
Dining-Out costs 52.10% less in Bulgaria compared to Iceland.
Indicators | Bulgaria | Iceland |
---|---|---|
Wine Mid-Range Bottle | 20 BGN (10.80 USD) | 2,000 ISK (14.20 USD) |
Glass of Wine | 8 BGN (4.32 USD) | 1,200 ISK (8.52 USD) |
Domestic Beer Half Liter | 2 BGN (1.08 USD) | 600 ISK (4.26 USD) |
Imported Beer Half Liter | 2.50 BGN (1.35 USD) | 800 ISK (5.68 USD) |
Domestic Alcohol 1 Liter | 30 BGN (16.20 USD) | 3,000 ISK (21.30 USD) |
Branded Alcohol 1 Liter | 40 BGN (21.60 USD) | 4,000 ISK (28.40 USD) |
If you lived in Bulgaria, instead of Iceland, you would have to pay 1.49 times less for usual hard drinks.
Indicators | Bulgaria | Iceland |
---|---|---|
Monthly Public Transportation Pass | 50 BGN (27 USD) | 15,000 ISK (106.50 USD) |
Single Public Transportation Ticket | 1.50 BGN (0.81 USD) | 400 ISK (2.84 USD) |
Single Train Ticket | 20 BGN (10.80 USD) | Yet to Update () |
Domestic Airplane Ticket | 100 BGN (54 USD) | 30,000 ISK (213 USD) |
Taxi Start Fare | 2 BGN (1.08 USD) | 800 ISK (5.68 USD) |
Taxi Rate Per Kilometer | 1 BGN (0.54 USD) | 200 ISK (1.42 USD) |
Car Rental Per Day | 60 BGN (32.40 USD) | 10,000 ISK (71 USD) |
Parking Fees in City Center Per Hour | 3 BGN (1.62 USD) | 500 ISK (3.55 USD) |
Parking Fees outside City Center Per Hour | 1.50 BGN (0.81 USD) | 300 ISK (2.13 USD) |
If you lived in Bulgaria, instead of Iceland, you would have to pay 3.15 times less for transportation.
Indicators | Bulgaria | Iceland |
---|---|---|
Reasonable Vehicle Purchase Cost | 25,000 BGN (13,500 USD) | 4,000,000 ISK (28,400 USD) |
Vehicle Registration Cost | 150 BGN (81 USD) | 15,000 ISK (106.50 USD) |
Driving License Fees | 100 BGN (54 USD) | 5,000 ISK (35.50 USD) |
Car Insurance Cost | 600 BGN (324 USD) | 40,000 ISK (284 USD) |
Car Maintenance Cost | 300 BGN (162 USD) | 15,000 ISK (106.50 USD) |
Car Loan Interest Rates | 4 % | 5 % |
Fuel Per Liter | 2.20 BGN (1.19 USD) | 250 ISK (1.78 USD) |
Fuel Per Gallon | 8.40 BGN (4.54 USD) | 1,200 ISK (8.52 USD) |
Average Toll Fees | Yet to Update | 1,000 ISK 7.10 USD |
You would have to pay 2.05 times less for Vehicle purchase, daily operation and maintenance in Bulgaria compared to that of Iceland.
Indicators | Bulgaria | Iceland |
---|---|---|
Doctor Visit | 50 BGN (27 USD) | 5,000 ISK (35.50 USD) |
Specialist Visit | 80 BGN (43.20 USD) | 10,000 ISK (71 USD) |
Dentist Visit | 60 BGN (32.40 USD) | 8,000 ISK (56.80 USD) |
Eye Exam | 50 BGN (27 USD) | 3,000 ISK (21.30 USD) |
Mental Health Counseling | 80 BGN (43.20 USD) | 8,000 ISK (56.80 USD) |
Preventive Health Screening | 60 BGN (32.40 USD) | 4,000 ISK (28.40 USD) |
Physical Therapy | 60 BGN (32.40 USD) | 6,000 ISK (42.60 USD) |
Emergency Room Visit | 100 BGN (54 USD) | 15,000 ISK (106.50 USD) |
Hospital Stay Per Night | 150 BGN (81 USD) | 25,000 ISK (177.50 USD) |
Vaccinations | 30 BGN (16.20 USD) | 2,500 ISK (17.75 USD) |
Prescription Medication | 20 BGN (10.80 USD) | 1,500 ISK (10.65 USD) |
Over the Counter Medication | 10 BGN (5.40 USD) | 800 ISK (5.68 USD) |
Health Insurance Premiums | 150 BGN (81 USD) | 20,000 ISK (142 USD) |
Health Insurance Deductibles | 200 BGN (108 USD) | 5,000 ISK (35.50 USD) |
If you lived in Bulgaria, instead of Iceland, you would have to pay 1.36 times less for Health and Medical Treatment.
Indicators | Bulgaria | Iceland |
---|---|---|
Cosmetic Procedures | 150 BGN (81 USD) | 30,000 ISK (213 USD) |
Spa Treatment | 80 BGN (43.20 USD) | 10,000 ISK (71 USD) |
Manicure Pedicure Cost | 30 BGN (16.20 USD) | 3,000 ISK (21.30 USD) |
Optical Glasses Cost | 100 BGN (54 USD) | 10,000 ISK (71 USD) |
Contact Lenses Cost | 50 BGN (27 USD) | 5,000 ISK (35.50 USD) |
Haircuts | 15 BGN (8.10 USD) | 2,000 ISK (14.20 USD) |
Hair Coloring | 40 BGN (21.60 USD) | 6,000 ISK (42.60 USD) |
Shampoo Price | 5 BGN (2.70 USD) | 500 ISK (3.55 USD) |
Toothpaste Price | 2 BGN (1.08 USD) | 200 ISK (1.42 USD) |
If you lived in Bulgaria, instead of Iceland, you would have to pay 1.86 times less for Personal Care Items and Treatment.
Indicators | Bulgaria | Iceland |
---|---|---|
Pair of Nike Running Shoes | 200 BGN (108 USD) | 15,000 ISK (106.50 USD) |
Men's Shirt | 50 BGN (27 USD) | 5,000 ISK (35.50 USD) |
Women's Dress | 100 BGN (54 USD) | 10,000 ISK (71 USD) |
Summer Dress | 80 BGN (43.20 USD) | 5,000 ISK (35.50 USD) |
Men's Suit | 350 BGN (189 USD) | 40,000 ISK (284 USD) |
Men's Jeans | 80 BGN (43.20 USD) | 7,000 ISK (49.70 USD) |
Women's Jeans | 70 BGN (37.80 USD) | 6,000 ISK (42.60 USD) |
Men's Formal Shoes | 120 BGN (64.80 USD) | 7,000 ISK (49.70 USD) |
Women's Formal Shoes | 120 BGN (64.80 USD) | 7,000 ISK (49.70 USD) |
Men's Casual Shoes | 90 BGN (48.60 USD) | 5,000 ISK (35.50 USD) |
Women's Casual Shoes | 80 BGN (43.20 USD) | 4,000 ISK (28.40 USD) |
Underwear For Men | 20 BGN (10.80 USD) | 1,000 ISK (7.10 USD) |
Underwear For Women | 20 BGN (10.80 USD) | 1,200 ISK (8.52 USD) |
Socks For Men | 10 BGN (5.40 USD) | 300 ISK (2.13 USD) |
Socks For Women | 10 BGN (5.40 USD) | 400 ISK (2.84 USD) |
Wintercoat for Adults | 150 BGN (81 USD) | 8,000 ISK (56.80 USD) |
Sportswear | 100 BGN (54 USD) | 6,000 ISK (42.60 USD) |
If you lived in Bulgaria, instead of Iceland, you would have to pay 1.02 times less for Clothing and Footwear for Adults.
Indicators | Bulgaria | Iceland |
---|---|---|
Children's Jeans | 40 BGN (21.60 USD) | 3,500 ISK (24.85 USD) |
Children's Normal Sneakers | 50 BGN (27 USD) | 4,000 ISK (28.40 USD) |
Children's Winter Coat | 60 BGN (32.40 USD) | 6,000 ISK (42.60 USD) |
Daycare for Infant | 500 BGN (270 USD) | 25,000 ISK (177.50 USD) |
Daycare for Toddler | 400 BGN (216 USD) | 20,000 ISK (142 USD) |
Childcare for Sick Days | 50 BGN (27 USD) | 1,500 ISK (10.65 USD) |
Early Childhood Education Programs | 600 BGN (324 USD) | 6,000 ISK (42.60 USD) |
Extra Curricular Activities | 150 BGN (81 USD) | 3,000 ISK (21.30 USD) |
Summer Camp for Kids | 400 BGN (216 USD) | 8,000 ISK (56.80 USD) |
If you lived in Bulgaria, instead of Iceland, you would have to pay 2.22 times more for Childcare and kids clothing.
Indicators | Bulgaria | Iceland |
---|---|---|
PreSchool Fees | 300 BGN (162 USD) | 30,000 ISK (213 USD) |
Primary School Fees | 1,000 BGN (540 USD) | 40,000 ISK (284 USD) |
Secondary School Fees | 1,500 BGN (810 USD) | 60,000 ISK (426 USD) |
Private School Fees | 3,000 BGN (1,620 USD) | 80,000 ISK (568 USD) |
University Tuition Fees | 5,000 BGN (2,700 USD) | 150,000 ISK (1,065 USD) |
University Private Tuition Fees | 8,000 BGN (4,320 USD) | 200,000 ISK (1,420 USD) |
After School Activities | 100 BGN (54 USD) | 5,000 ISK (35.50 USD) |
Special Education Services | 200 BGN (108 USD) | 7,000 ISK (49.70 USD) |
Tutoring | 40 BGN (21.60 USD) | 5,000 ISK (35.50 USD) |
Textbooks Cost | 150 BGN (81 USD) | 4,000 ISK (28.40 USD) |
School Supplies | 50 BGN (27 USD) | 2,000 ISK (14.20 USD) |
If you lived in Bulgaria, instead of Iceland, you would have to pay 2.52 times more for school and education.
Indicators | Bulgaria | Iceland |
---|---|---|
Movie Ticket (Single) | 12 BGN (6.48 USD) | 1,000 ISK (7.10 USD) |
Theater Ticket (Single) | 30 BGN (16.20 USD) | 2,000 ISK (14.20 USD) |
Concert Ticket (Single) | 50 BGN (27 USD) | 2,500 ISK (17.75 USD) |
Sports Event Ticket (Single) | 40 BGN (21.60 USD) | 1,500 ISK (10.65 USD) |
Gym Membership | 50 BGN (27 USD) | 6,000 ISK (42.60 USD) |
Swimming Pool Access | 30 BGN (16.20 USD) | 5,000 ISK (35.50 USD) |
Museum Entry Ticket | 10 BGN (5.40 USD) | 1,000 ISK (7.10 USD) |
Zoo Entry Ticket | 15 BGN (8.10 USD) | 1,500 ISK (10.65 USD) |
Amusement Park Entry Ticket | 40 BGN (21.60 USD) | 2,000 ISK (14.20 USD) |
Bowling | 20 BGN (10.80 USD) | 1,000 ISK (7.10 USD) |
Mini Golf | 15 BGN (8.10 USD) | 1,500 ISK (10.65 USD) |
Video Games | 60 BGN (32.40 USD) | 5,000 ISK (35.50 USD) |
Streaming Services | 20 BGN (10.80 USD) | 1,000 ISK (7.10 USD) |
Outdoor Equipment Rental | 20 BGN (10.80 USD) | 1,000 ISK (7.10 USD) |
Theme Park Annual Pass | 150 BGN (81 USD) | 50,000 ISK (355 USD) |
If you lived in Bulgaria, instead of Iceland, you would have to pay 1.92 times less for entertainment, recreation and fun activities.
Indicators | Bulgaria | Iceland |
---|---|---|
Language Classes | 150 BGN (81 USD) | 5,000 ISK (35.50 USD) |
Parenting Classes | 100 BGN (54 USD) | 5,000 ISK (35.50 USD) |
Art Classes | 25 BGN (13.50 USD) | 3,000 ISK (21.30 USD) |
Fitness Classes | 20 BGN (10.80 USD) | 6,000 ISK (42.60 USD) |
Music Lessons | 30 BGN (16.20 USD) | 4,000 ISK (28.40 USD) |
Dance Lessons | 30 BGN (16.20 USD) | 4,000 ISK (28.40 USD) |
Reading Materials for Classes | 20 BGN (10.80 USD) | 1,000 ISK (7.10 USD) |
Educational Software | 50 BGN (27 USD) | 3,000 ISK (21.30 USD) |
If you lived in Bulgaria, instead of Iceland, you would have to pay 1.04 times more for Private Classes.
Indicators | Bulgaria | Iceland |
---|---|---|
Average Gross Monthly Salary | 1,500 BGN (810 USD) | 450,000 ISK (3,195 USD) |
Average Net Monthly Salary | 1,200 BGN (648 USD) | 350,000 ISK (2,485 USD) |
Minimum Wages | 28.33 BGN per hour (15.30 USD) | 6,666.67 ISK per hour (47.33 USD) |
Average Bonus | 1,000 BGN (540 USD) | 40,000 ISK (284 USD) |
Income Tax Rate | 0 to 20 % | 0 to 24 % |
Social Security Contributions | 12.8 % | 7 % |
Pension Contributions | 14.8 % | 8 % |
Cost of Living Index | 50 | 12 |
Median Household Income | 3,000 BGN (1,620 USD) | 400,000 ISK (2,840 USD) |
If you lived in Bulgaria, you would earn 2.44 times less salary as compared to Iceland.
Indicators | Bulgaria | Iceland |
---|---|---|
Legal Consultation Per Hour Rate | 100 BGN (54 USD) | 10,000 ISK (71 USD) |
Accounting Services Per Hour Rate | 80 BGN (43.20 USD) | 7,000 ISK (49.70 USD) |
IT Support Services Per Hour Rate | 60 BGN (32.40 USD) | 5,000 ISK (35.50 USD) |
Technician Services Per Hour Rate | 70 BGN (37.80 USD) | 4,000 ISK (28.40 USD) |
Professional Services cost 1.10 times less in Bulgaria, as compared to Iceland.
We hope you enjoyed the detailed guide on the cost of living comparsion between Bulgaria and Iceland.
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