Published: Monday, 21th October 2024
The cost of living in Dominican Republic is 1.85 times less expensive as compared to Iceland.
On this page, you will find side-by-side cost comparison between Dominican Republic 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 Dominican Republic and Iceland.
We always try to give you the latest data, but sometimes mistakes might occur. If you think some content on our site is not updated, please let us know by emailing us at: info.comparedoo@gmail.com
 Indicators  | Dominican Republic  | Iceland  |
|---|---|---|
1 BHK Apartment in City Center  | 25,000 DOP (450 USD) | 200,000 ISK (1,420 USD) |
2 BHK Apartment in City Center  | 35,000 DOP (630 USD) | 300,000 ISK (2,130 USD) |
3 BHK Apartment in City Center  | 45,000 DOP (810 USD) | 400,000 ISK (2,840 USD) |
1 BHK Apartment outside City Center  | 15,000 DOP (270 USD) | 150,000 ISK (1,065 USD) |
2 BHK Apartment outside City Center  | 22,000 DOP (396 USD) | 200,000 ISK (1,420 USD) |
3 BHK Apartment outside City Center  | 30,000 DOP (540 USD) | 300,000 ISK (2,130 USD) |
Mortgage Rates Per Month  | 10 % | 4 % |
Realtor Commission  | 10 % | 2 % |
Property Taxes  | 1.0 % | 0.2 to 1.65 % |
The average housing cost in Dominican Republic is 3.49 times less expensive than Iceland.
Indicators | Dominican Republic | Iceland |
|---|---|---|
Basic Home Furnishing  | 60,000 DOP (1,080 USD) | 300,000 ISK (2,130 USD) |
Electricity Cost Per Month  | 3,000 DOP (54 USD) | 20,000 ISK (142 USD) |
Heating Cost Per Month  | 2,500 DOP (45 USD) | 25,000 ISK (177.50 USD) |
Cooling Cost Per Month  | 2,000 DOP (36 USD) | 10,000 ISK (71 USD) |
Water Supply Cost Per Month  | 800 DOP (14.40 USD) | 5,000 ISK (35.50 USD) |
If you lived in Dominican Republic, instead of Iceland, you would have to pay 51.90% less for Utilities.
The basic home furnishing in Dominican Republic costs 1.97 times less compared to Iceland.
Indicators | Dominican Republic | Iceland |
|---|---|---|
Standard Wifi Cost Per Month  | 1,500 DOP (27 USD) | 10,000 ISK (71 USD) |
Mobile Phone Basic Plan Cost Per Month  | 800 DOP (14.40 USD) | 5,000 ISK (35.50 USD) |
Landline Basic Plan Cost Per Month  | 600 DOP (10.80 USD) | 3,000 ISK (21.30 USD) |
Cable TV Basic Plan Cost Per Month  | 1,200 DOP (21.60 USD) | 8,000 ISK (56.80 USD) |
The internet and communication costs 60.02% less in Dominican Republic compared to Iceland.
Indicators | Dominican Republic | Iceland |
|---|---|---|
Long Grain Rice (1 KG)  | 100 DOP (1.80 USD) | 500 ISK (3.55 USD) |
Milk (1 Liter)  | 70 DOP (1.26 USD) | 250 ISK (1.78 USD) |
Water (1 Liter)  | 15 DOP (0.27 USD) | 50 ISK (0.36 USD) |
Bread (500 gm)  | 45 DOP (0.81 USD) | 150 ISK (1.07 USD) |
Eggs (1 Dozen)  | 80 DOP (1.44 USD) | 500 ISK (3.55 USD) |
Cheese (1 KG)  | 300 DOP (5.40 USD) | 1,200 ISK (8.52 USD) |
Chicken Breast (1 KG)  | 250 DOP (4.50 USD) | 1,000 ISK (7.10 USD) |
In Dominican Republic, the cost of 1 Liter Water and 1 Liter Milk is 1.39 times less expensive than the cost in Iceland.
If you lived in Dominican Republic, instead of Iceland, you would have to pay 40.27% less for Groceries.
Indicators | Dominican Republic | Iceland |
|---|---|---|
Apples (1 KG)  | 120 DOP (2.16 USD) | 800 ISK (5.68 USD) |
Bananas (1 KG)  | 60 DOP (1.08 USD) | 600 ISK (4.26 USD) |
Oranges (1 KG)  | 80 DOP (1.44 USD) | 700 ISK (4.97 USD) |
Tomatoes (1 KG)  | 80 DOP (1.44 USD) | 500 ISK (3.55 USD) |
Potatoes (1 KG)  | 70 DOP (1.26 USD) | 400 ISK (2.84 USD) |
Lemons (1 KG)  | 100 DOP (1.80 USD) | 700 ISK (4.97 USD) |
Onions (1 KG)  | 90 DOP (1.62 USD) | 600 ISK (4.26 USD) |
Lentils (1 KG)  | 120 DOP (2.16 USD) | 600 ISK (4.26 USD) |
If you lived in Dominican Republic, instead of Iceland, you would have to pay 2.68 times less for Fruits and Vegetables.
Indicators | Dominican Republic | Iceland |
|---|---|---|
Meal at a Resonable Restaurant  | 800 DOP (14.40 USD) | 3,500 ISK (24.85 USD) |
Three-Course Meal for Two  | 2,500 DOP (45 USD) | 8,000 ISK (56.80 USD) |
Fast Food Combo Meal  | 500 DOP (9 USD) | 1,500 ISK (10.65 USD) |
Normal Coffee  | 80 DOP (1.44 USD) | 500 ISK (3.55 USD) |
Soft Drink  | 50 DOP (0.90 USD) | 300 ISK (2.13 USD) |
Pizza for One  | 1,200 DOP (21.60 USD) | 2,500 ISK (17.75 USD) |
Take-Out Delivery Meal  | 800 DOP (14.40 USD) | 3,000 ISK (21.30 USD) |
Cigarette Pack of 20  | 90 DOP (1.62 USD) | 1,500 ISK (10.65 USD) |
Dining-Out costs 26.63% less in Dominican Republic compared to Iceland.
Indicators | Dominican Republic | Iceland |
|---|---|---|
Wine Mid-Range Bottle  | 600 DOP (10.80 USD) | 2,000 ISK (14.20 USD) |
Glass of Wine  | 150 DOP (2.70 USD) | 1,200 ISK (8.52 USD) |
Domestic Beer Half Liter  | 70 DOP (1.26 USD) | 600 ISK (4.26 USD) |
Imported Beer Half Liter  | 100 DOP (1.80 USD) | 800 ISK (5.68 USD) |
Domestic Alcohol 1 Liter  | 300 DOP (5.40 USD) | 3,000 ISK (21.30 USD) |
Branded Alcohol 1 Liter  | 500 DOP (9 USD) | 4,000 ISK (28.40 USD) |
If you lived in Dominican Republic, instead of Iceland, you would have to pay 2.66 times less for usual hard drinks.
Indicators | Dominican Republic | Iceland |
|---|---|---|
Monthly Public Transportation Pass  | 1,500 DOP (27 USD) | 15,000 ISK (106.50 USD) |
Single Public Transportation Ticket  | 50 DOP (0.90 USD) | 400 ISK (2.84 USD) |
Single Train Ticket  | 30 DOP (0.54 USD) | Yet to Update () |
Domestic Airplane Ticket  | 5,000 DOP (90 USD) | 30,000 ISK (213 USD) |
Taxi Start Fare  | 100 DOP (1.80 USD) | 800 ISK (5.68 USD) |
Taxi Rate Per Kilometer  | 40 DOP (0.72 USD) | 200 ISK (1.42 USD) |
Car Rental Per Day  | 2,000 DOP (36 USD) | 10,000 ISK (71 USD) |
Parking Fees in City Center Per Hour  | 100 DOP (1.80 USD) | 500 ISK (3.55 USD) |
Parking Fees outside City Center Per Hour  | 50 DOP (0.90 USD) | 300 ISK (2.13 USD) |
If you lived in Dominican Republic, instead of Iceland, you would have to pay 2.54 times less for transportation.
Indicators | Dominican Republic | Iceland |
|---|---|---|
Reasonable Vehicle Purchase Cost  | 1,000,000 DOP (18,000 USD) | 4,000,000 ISK (28,400 USD) |
Vehicle Registration Cost  | 5,000 DOP (90 USD) | 15,000 ISK (106.50 USD) |
Driving License Fees  | 1,000 DOP (18 USD) | 5,000 ISK (35.50 USD) |
Car Insurance Cost  | 15,000 DOP (270 USD) | 40,000 ISK (284 USD) |
Car Maintenance Cost  | 20,000 DOP (360 USD) | 15,000 ISK (106.50 USD) |
Car Loan Interest Rates  | 12 % | 5 % |
Fuel Per Liter  | 80 DOP (1.44 USD) | 250 ISK (1.78 USD) |
Fuel Per Gallon  | 300 DOP (5.40 USD) | 1,200 ISK (8.52 USD) |
Average Toll Fees  | 200 DOP 3.60 USD | 1,000 ISK 7.10 USD |
You would have to pay 1.54 times less for Vehicle purchase, daily operation and maintenance in Dominican Republic compared to that of Iceland.
Indicators | Dominican Republic | Iceland |
|---|---|---|
Doctor Visit  | 1,500 DOP (27 USD) | 5,000 ISK (35.50 USD) |
Specialist Visit  | 3,000 DOP (54 USD) | 10,000 ISK (71 USD) |
Dentist Visit  | 2,000 DOP (36 USD) | 8,000 ISK (56.80 USD) |
Eye Exam  | 1,000 DOP (18 USD) | 3,000 ISK (21.30 USD) |
Mental Health Counseling  | 1,200 DOP (21.60 USD) | 8,000 ISK (56.80 USD) |
Preventive Health Screening  | 5,000 DOP (90 USD) | 4,000 ISK (28.40 USD) |
Physical Therapy  | 1,500 DOP (27 USD) | 6,000 ISK (42.60 USD) |
Emergency Room Visit  | 5,000 DOP (90 USD) | 15,000 ISK (106.50 USD) |
Hospital Stay Per Night  | 10,000 DOP (180 USD) | 25,000 ISK (177.50 USD) |
Vaccinations  | 500 DOP (9 USD) | 2,500 ISK (17.75 USD) |
Prescription Medication  | 500 DOP (9 USD) | 1,500 ISK (10.65 USD) |
Over the Counter Medication  | 200 DOP (3.60 USD) | 800 ISK (5.68 USD) |
Health Insurance Premiums  | 5,000 DOP (90 USD) | 20,000 ISK (142 USD) |
Health Insurance Deductibles  | 10,000 DOP (180 USD) | 5,000 ISK (35.50 USD) |
If you lived in Dominican Republic, instead of Iceland, you would have to pay 1.03 times more for Health and Medical Treatment.
Indicators | Dominican Republic | Iceland |
|---|---|---|
Cosmetic Procedures  | Yet to Update () | 30,000 ISK (213 USD) |
Spa Treatment  | 2,000 DOP (36 USD) | 10,000 ISK (71 USD) |
Manicure Pedicure Cost  | 800 DOP (14.40 USD) | 3,000 ISK (21.30 USD) |
Optical Glasses Cost  | 2,000 DOP (36 USD) | 10,000 ISK (71 USD) |
Contact Lenses Cost  | 1,000 DOP (18 USD) | 5,000 ISK (35.50 USD) |
Haircuts  | 300 DOP (5.40 USD) | 2,000 ISK (14.20 USD) |
Hair Coloring  | 1,000 DOP (18 USD) | 6,000 ISK (42.60 USD) |
Shampoo Price  | 100 DOP (1.80 USD) | 500 ISK (3.55 USD) |
Toothpaste Price  | 50 DOP (0.90 USD) | 200 ISK (1.42 USD) |
If you lived in Dominican Republic, instead of Iceland, you would have to pay 3.63 times less for Personal Care Items and Treatment.
Indicators | Dominican Republic | Iceland |
|---|---|---|
Pair of Nike Running Shoes  | 6,000 DOP (108 USD) | 15,000 ISK (106.50 USD) |
Men's Shirt  | 1,200 DOP (21.60 USD) | 5,000 ISK (35.50 USD) |
Women's Dress  | 3,000 DOP (54 USD) | 10,000 ISK (71 USD) |
Summer Dress  | 1,500 DOP (27 USD) | 5,000 ISK (35.50 USD) |
Men's Suit  | 12,000 DOP (216 USD) | 40,000 ISK (284 USD) |
Men's Jeans  | 2,000 DOP (36 USD) | 7,000 ISK (49.70 USD) |
Women's Jeans  | 2,000 DOP (36 USD) | 6,000 ISK (42.60 USD) |
Men's Formal Shoes  | 3,000 DOP (54 USD) | 7,000 ISK (49.70 USD) |
Women's Formal Shoes  | 3,000 DOP (54 USD) | 7,000 ISK (49.70 USD) |
Men's Casual Shoes  | 2,500 DOP (45 USD) | 5,000 ISK (35.50 USD) |
Women's Casual Shoes  | 2,500 DOP (45 USD) | 4,000 ISK (28.40 USD) |
Underwear For Men  | 200 DOP (3.60 USD) | 1,000 ISK (7.10 USD) |
Underwear For Women  | 200 DOP (3.60 USD) | 1,200 ISK (8.52 USD) |
Socks For Men  | 100 DOP (1.80 USD) | 300 ISK (2.13 USD) |
Socks For Women  | 100 DOP (1.80 USD) | 400 ISK (2.84 USD) |
Wintercoat for Adults  | 5,000 DOP (90 USD) | 8,000 ISK (56.80 USD) |
Sportswear  | 2,000 DOP (36 USD) | 6,000 ISK (42.60 USD) |
If you lived in Dominican Republic, instead of Iceland, you would have to pay 1.09 times less for Clothing and Footwear for Adults.
Indicators | Dominican Republic | Iceland |
|---|---|---|
Children's Jeans  | 1,500 DOP (27 USD) | 3,500 ISK (24.85 USD) |
Children's Normal Sneakers  | 2,000 DOP (36 USD) | 4,000 ISK (28.40 USD) |
Children's Winter Coat  | 2,500 DOP (45 USD) | 6,000 ISK (42.60 USD) |
Daycare for Infant  | 8,000 DOP (144 USD) | 25,000 ISK (177.50 USD) |
Daycare for Toddler  | 6,000 DOP (108 USD) | 20,000 ISK (142 USD) |
Childcare for Sick Days  | 800 DOP (14.40 USD) | 1,500 ISK (10.65 USD) |
Early Childhood Education Programs  | 8,000 DOP (144 USD) | 6,000 ISK (42.60 USD) |
Extra Curricular Activities  | 1,500 DOP (27 USD) | 3,000 ISK (21.30 USD) |
Summer Camp for Kids  | 3,000 DOP (54 USD) | 8,000 ISK (56.80 USD) |
If you lived in Dominican Republic, instead of Iceland, you would have to pay 1.10 times more for Childcare and kids clothing.
Indicators | Dominican Republic | Iceland |
|---|---|---|
PreSchool Fees  | 6,500 DOP (117 USD) | 30,000 ISK (213 USD) |
Primary School Fees  | 12,000 DOP (216 USD) | 40,000 ISK (284 USD) |
Secondary School Fees  | 15,000 DOP (270 USD) | 60,000 ISK (426 USD) |
Private School Fees  | 25,000 DOP (450 USD) | 80,000 ISK (568 USD) |
University Tuition Fees  | 60,000 DOP (1,080 USD) | 150,000 ISK (1,065 USD) |
University Private Tuition Fees  | 80,000 DOP (1,440 USD) | 200,000 ISK (1,420 USD) |
After School Activities  | 1,000 DOP (18 USD) | 5,000 ISK (35.50 USD) |
Special Education Services  | 4,000 DOP (72 USD) | 7,000 ISK (49.70 USD) |
Tutoring  | 500 DOP (9 USD) | 5,000 ISK (35.50 USD) |
Textbooks Cost  | 1,000 DOP (18 USD) | 4,000 ISK (28.40 USD) |
School Supplies  | 500 DOP (9 USD) | 2,000 ISK (14.20 USD) |
If you lived in Dominican Republic, instead of Iceland, you would have to pay 1.12 times less for school and education.
Indicators | Dominican Republic | Iceland |
|---|---|---|
Movie Ticket (Single)  | 250 DOP (4.50 USD) | 1,000 ISK (7.10 USD) |
Theater Ticket (Single)  | 500 DOP (9 USD) | 2,000 ISK (14.20 USD) |
Concert Ticket (Single)  | 1,000 DOP (18 USD) | 2,500 ISK (17.75 USD) |
Sports Event Ticket (Single)  | 800 DOP (14.40 USD) | 1,500 ISK (10.65 USD) |
Gym Membership  | 2,000 DOP (36 USD) | 6,000 ISK (42.60 USD) |
Swimming Pool Access  | 1,500 DOP (27 USD) | 5,000 ISK (35.50 USD) |
Museum Entry Ticket  | 200 DOP (3.60 USD) | 1,000 ISK (7.10 USD) |
Zoo Entry Ticket  | 300 DOP (5.40 USD) | 1,500 ISK (10.65 USD) |
Amusement Park Entry Ticket  | 500 DOP (9 USD) | 2,000 ISK (14.20 USD) |
Bowling  | 500 DOP (9 USD) | 1,000 ISK (7.10 USD) |
Mini Golf  | 400 DOP (7.20 USD) | 1,500 ISK (10.65 USD) |
Video Games  | 1,000 DOP (18 USD) | 5,000 ISK (35.50 USD) |
Streaming Services  | 600 DOP (10.80 USD) | 1,000 ISK (7.10 USD) |
Outdoor Equipment Rental  | 500 DOP (9 USD) | 1,000 ISK (7.10 USD) |
Theme Park Annual Pass  | 5,000 DOP (90 USD) | 50,000 ISK (355 USD) |
If you lived in Dominican Republic, instead of Iceland, you would have to pay 2.15 times less for entertainment, recreation and fun activities.
Indicators | Dominican Republic | Iceland |
|---|---|---|
Language Classes  | 2,000 DOP (36 USD) | 5,000 ISK (35.50 USD) |
Parenting Classes  | 1,500 DOP (27 USD) | 5,000 ISK (35.50 USD) |
Art Classes  | 800 DOP (14.40 USD) | 3,000 ISK (21.30 USD) |
Fitness Classes  | 500 DOP (9 USD) | 6,000 ISK (42.60 USD) |
Music Lessons  | 1,000 DOP (18 USD) | 4,000 ISK (28.40 USD) |
Dance Lessons  | 1,000 DOP (18 USD) | 4,000 ISK (28.40 USD) |
Reading Materials for Classes  | 300 DOP (5.40 USD) | 1,000 ISK (7.10 USD) |
Educational Software  | 1,000 DOP (18 USD) | 3,000 ISK (21.30 USD) |
If you lived in Dominican Republic, instead of Iceland, you would have to pay 1.51 times less for Private Classes.
Indicators | Dominican Republic | Iceland |
|---|---|---|
Average Gross Monthly Salary  | 50,000 DOP (900 USD) | 450,000 ISK (3,195 USD) |
Average Net Monthly Salary  | 35,000 DOP (630 USD) | 350,000 ISK (2,485 USD) |
Minimum Wages  | 700 DOP per hour (12.60 USD) | 6,666.67 ISK per hour (47.33 USD) |
Average Bonus  | 10,000 DOP (180 USD) | 40,000 ISK (284 USD) |
Income Tax Rate  | 0 to 18 % | 0 to 24 % |
Social Security Contributions  | 10 % | 7 % |
Pension Contributions  | 6 % | 8 % |
Cost of Living Index  | 60 | 12 |
Median Household Income  | 60,000 DOP (1,080 USD) | 400,000 ISK (2,840 USD) |
If you lived in Dominican Republic, you would earn 3.16 times less salary as compared to Iceland.
Indicators | Dominican Republic | Iceland |
|---|---|---|
Legal Consultation Per Hour Rate  | 2,500 DOP (45 USD) | 10,000 ISK (71 USD) |
Accounting Services Per Hour Rate  | 2,000 DOP (36 USD) | 7,000 ISK (49.70 USD) |
IT Support Services Per Hour Rate  | 1,500 DOP (27 USD) | 5,000 ISK (35.50 USD) |
Technician Services Per Hour Rate  | 1,800 DOP (32.40 USD) | 4,000 ISK (28.40 USD) |
Professional Services cost 1.31 times less in Dominican Republic, as compared to Iceland.
We hope you enjoyed the detailed guide on the cost of living comparsion between Dominican Republic and Iceland.
For more side-by-side comparsion between Countries, States and Cities, you can use the search box above or click the links below.
The Comparedoo.com family sincerely appreciates your time with us. We look forward to seeing you on our other pages.
