Published: Monday, 21th October 2024
The cost of living in Iceland is 1.85 times more expensive as compared to Dominican Republic.
On this page, you will find side-by-side cost comparison between Iceland and Dominican Republic. 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 Iceland and Dominican Republic.
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 Indicators  | Iceland  | Dominican Republic  |
|---|---|---|
1 BHK Apartment in City Center  | 200,000 ISK (1,420 USD) | 25,000 DOP (450 USD) |
2 BHK Apartment in City Center  | 300,000 ISK (2,130 USD) | 35,000 DOP (630 USD) |
3 BHK Apartment in City Center  | 400,000 ISK (2,840 USD) | 45,000 DOP (810 USD) |
1 BHK Apartment outside City Center  | 150,000 ISK (1,065 USD) | 15,000 DOP (270 USD) |
2 BHK Apartment outside City Center  | 200,000 ISK (1,420 USD) | 22,000 DOP (396 USD) |
3 BHK Apartment outside City Center  | 300,000 ISK (2,130 USD) | 30,000 DOP (540 USD) |
Mortgage Rates Per Month  | 4 % | 10 % |
Realtor Commission  | 2 % | 10 % |
Property Taxes  | 0.2 to 1.65 % | 1.0 % |
The average housing cost in Iceland is 3.49 times more expensive than Dominican Republic.
Indicators | Iceland | Dominican Republic |
|---|---|---|
Basic Home Furnishing  | 300,000 ISK (2,130 USD) | 60,000 DOP (1,080 USD) |
Electricity Cost Per Month  | 20,000 ISK (142 USD) | 3,000 DOP (54 USD) |
Heating Cost Per Month  | 25,000 ISK (177.50 USD) | 2,500 DOP (45 USD) |
Cooling Cost Per Month  | 10,000 ISK (71 USD) | 2,000 DOP (36 USD) |
Water Supply Cost Per Month  | 5,000 ISK (35.50 USD) | 800 DOP (14.40 USD) |
If you lived in Iceland, instead of Dominican Republic, you would have to pay 107.91% more for Utilities.
The basic home furnishing in Iceland costs 1.97 times more compared to Dominican Republic.
Indicators | Iceland | Dominican Republic |
|---|---|---|
Standard Wifi Cost Per Month  | 10,000 ISK (71 USD) | 1,500 DOP (27 USD) |
Mobile Phone Basic Plan Cost Per Month  | 5,000 ISK (35.50 USD) | 800 DOP (14.40 USD) |
Landline Basic Plan Cost Per Month  | 3,000 ISK (21.30 USD) | 600 DOP (10.80 USD) |
Cable TV Basic Plan Cost Per Month  | 8,000 ISK (56.80 USD) | 1,200 DOP (21.60 USD) |
The internet and communication costs 150.14% more in Iceland compared to Dominican Republic.
Indicators | Iceland | Dominican Republic |
|---|---|---|
Long Grain Rice (1 KG)  | 500 ISK (3.55 USD) | 100 DOP (1.80 USD) |
Milk (1 Liter)  | 250 ISK (1.78 USD) | 70 DOP (1.26 USD) |
Water (1 Liter)  | 50 ISK (0.36 USD) | 15 DOP (0.27 USD) |
Bread (500 gm)  | 150 ISK (1.07 USD) | 45 DOP (0.81 USD) |
Eggs (1 Dozen)  | 500 ISK (3.55 USD) | 80 DOP (1.44 USD) |
Cheese (1 KG)  | 1,200 ISK (8.52 USD) | 300 DOP (5.40 USD) |
Chicken Breast (1 KG)  | 1,000 ISK (7.10 USD) | 250 DOP (4.50 USD) |
In Iceland, the cost of 1 Liter Water and 1 Liter Milk is 1.39 times more expensive than the cost in Dominican Republic.
If you lived in Iceland, instead of Dominican Republic, you would have to pay 67.41% more for Groceries.
Indicators | Iceland | Dominican Republic |
|---|---|---|
Apples (1 KG)  | 800 ISK (5.68 USD) | 120 DOP (2.16 USD) |
Bananas (1 KG)  | 600 ISK (4.26 USD) | 60 DOP (1.08 USD) |
Oranges (1 KG)  | 700 ISK (4.97 USD) | 80 DOP (1.44 USD) |
Tomatoes (1 KG)  | 500 ISK (3.55 USD) | 80 DOP (1.44 USD) |
Potatoes (1 KG)  | 400 ISK (2.84 USD) | 70 DOP (1.26 USD) |
Lemons (1 KG)  | 700 ISK (4.97 USD) | 100 DOP (1.80 USD) |
Onions (1 KG)  | 600 ISK (4.26 USD) | 90 DOP (1.62 USD) |
Lentils (1 KG)  | 600 ISK (4.26 USD) | 120 DOP (2.16 USD) |
If you lived in Iceland, instead of Dominican Republic, you would have to pay 2.68 times more for Fruits and Vegetables.
Indicators | Iceland | Dominican Republic |
|---|---|---|
Meal at a Resonable Restaurant  | 3,500 ISK (24.85 USD) | 800 DOP (14.40 USD) |
Three-Course Meal for Two  | 8,000 ISK (56.80 USD) | 2,500 DOP (45 USD) |
Fast Food Combo Meal  | 1,500 ISK (10.65 USD) | 500 DOP (9 USD) |
Normal Coffee  | 500 ISK (3.55 USD) | 80 DOP (1.44 USD) |
Soft Drink  | 300 ISK (2.13 USD) | 50 DOP (0.90 USD) |
Pizza for One  | 2,500 ISK (17.75 USD) | 1,200 DOP (21.60 USD) |
Take-Out Delivery Meal  | 3,000 ISK (21.30 USD) | 800 DOP (14.40 USD) |
Cigarette Pack of 20  | 1,500 ISK (10.65 USD) | 90 DOP (1.62 USD) |
Dining-Out costs 36.29% more in Iceland compared to Dominican Republic.
Indicators | Iceland | Dominican Republic |
|---|---|---|
Wine Mid-Range Bottle  | 2,000 ISK (14.20 USD) | 600 DOP (10.80 USD) |
Glass of Wine  | 1,200 ISK (8.52 USD) | 150 DOP (2.70 USD) |
Domestic Beer Half Liter  | 600 ISK (4.26 USD) | 70 DOP (1.26 USD) |
Imported Beer Half Liter  | 800 ISK (5.68 USD) | 100 DOP (1.80 USD) |
Domestic Alcohol 1 Liter  | 3,000 ISK (21.30 USD) | 300 DOP (5.40 USD) |
Branded Alcohol 1 Liter  | 4,000 ISK (28.40 USD) | 500 DOP (9 USD) |
If you lived in Iceland, instead of Dominican Republic, you would have to pay 2.66 times more for usual hard drinks.
Indicators | Iceland | Dominican Republic |
|---|---|---|
Monthly Public Transportation Pass  | 15,000 ISK (106.50 USD) | 1,500 DOP (27 USD) |
Single Public Transportation Ticket  | 400 ISK (2.84 USD) | 50 DOP (0.90 USD) |
Single Train Ticket  | Yet to Update () | 30 DOP (0.54 USD) |
Domestic Airplane Ticket  | 30,000 ISK (213 USD) | 5,000 DOP (90 USD) |
Taxi Start Fare  | 800 ISK (5.68 USD) | 100 DOP (1.80 USD) |
Taxi Rate Per Kilometer  | 200 ISK (1.42 USD) | 40 DOP (0.72 USD) |
Car Rental Per Day  | 10,000 ISK (71 USD) | 2,000 DOP (36 USD) |
Parking Fees in City Center Per Hour  | 500 ISK (3.55 USD) | 100 DOP (1.80 USD) |
Parking Fees outside City Center Per Hour  | 300 ISK (2.13 USD) | 50 DOP (0.90 USD) |
If you lived in Iceland, instead of Dominican Republic, you would have to pay 2.54 times more for transportation.
Indicators | Iceland | Dominican Republic |
|---|---|---|
Reasonable Vehicle Purchase Cost  | 4,000,000 ISK (28,400 USD) | 1,000,000 DOP (18,000 USD) |
Vehicle Registration Cost  | 15,000 ISK (106.50 USD) | 5,000 DOP (90 USD) |
Driving License Fees  | 5,000 ISK (35.50 USD) | 1,000 DOP (18 USD) |
Car Insurance Cost  | 40,000 ISK (284 USD) | 15,000 DOP (270 USD) |
Car Maintenance Cost  | 15,000 ISK (106.50 USD) | 20,000 DOP (360 USD) |
Car Loan Interest Rates  | 5 % | 12 % |
Fuel Per Liter  | 250 ISK (1.78 USD) | 80 DOP (1.44 USD) |
Fuel Per Gallon  | 1,200 ISK (8.52 USD) | 300 DOP (5.40 USD) |
Average Toll Fees  | 1,000 ISK 7.10 USD | 200 DOP 3.60 USD |
You would have to pay 1.54 times more for Vehicle purchase, daily operation and maintenance in Iceland compared to that of Dominican Republic.
Indicators | Iceland | Dominican Republic |
|---|---|---|
Doctor Visit  | 5,000 ISK (35.50 USD) | 1,500 DOP (27 USD) |
Specialist Visit  | 10,000 ISK (71 USD) | 3,000 DOP (54 USD) |
Dentist Visit  | 8,000 ISK (56.80 USD) | 2,000 DOP (36 USD) |
Eye Exam  | 3,000 ISK (21.30 USD) | 1,000 DOP (18 USD) |
Mental Health Counseling  | 8,000 ISK (56.80 USD) | 1,200 DOP (21.60 USD) |
Preventive Health Screening  | 4,000 ISK (28.40 USD) | 5,000 DOP (90 USD) |
Physical Therapy  | 6,000 ISK (42.60 USD) | 1,500 DOP (27 USD) |
Emergency Room Visit  | 15,000 ISK (106.50 USD) | 5,000 DOP (90 USD) |
Hospital Stay Per Night  | 25,000 ISK (177.50 USD) | 10,000 DOP (180 USD) |
Vaccinations  | 2,500 ISK (17.75 USD) | 500 DOP (9 USD) |
Prescription Medication  | 1,500 ISK (10.65 USD) | 500 DOP (9 USD) |
Over the Counter Medication  | 800 ISK (5.68 USD) | 200 DOP (3.60 USD) |
Health Insurance Premiums  | 20,000 ISK (142 USD) | 5,000 DOP (90 USD) |
Health Insurance Deductibles  | 5,000 ISK (35.50 USD) | 10,000 DOP (180 USD) |
If you lived in Iceland, instead of Dominican Republic, you would have to pay 1.03 times less for Health and Medical Treatment.
Indicators | Iceland | Dominican Republic |
|---|---|---|
Cosmetic Procedures  | 30,000 ISK (213 USD) | Yet to Update () |
Spa Treatment  | 10,000 ISK (71 USD) | 2,000 DOP (36 USD) |
Manicure Pedicure Cost  | 3,000 ISK (21.30 USD) | 800 DOP (14.40 USD) |
Optical Glasses Cost  | 10,000 ISK (71 USD) | 2,000 DOP (36 USD) |
Contact Lenses Cost  | 5,000 ISK (35.50 USD) | 1,000 DOP (18 USD) |
Haircuts  | 2,000 ISK (14.20 USD) | 300 DOP (5.40 USD) |
Hair Coloring  | 6,000 ISK (42.60 USD) | 1,000 DOP (18 USD) |
Shampoo Price  | 500 ISK (3.55 USD) | 100 DOP (1.80 USD) |
Toothpaste Price  | 200 ISK (1.42 USD) | 50 DOP (0.90 USD) |
If you lived in Iceland, instead of Dominican Republic, you would have to pay 3.63 times more for Personal Care Items and Treatment.
Indicators | Iceland | Dominican Republic |
|---|---|---|
Pair of Nike Running Shoes  | 15,000 ISK (106.50 USD) | 6,000 DOP (108 USD) |
Men's Shirt  | 5,000 ISK (35.50 USD) | 1,200 DOP (21.60 USD) |
Women's Dress  | 10,000 ISK (71 USD) | 3,000 DOP (54 USD) |
Summer Dress  | 5,000 ISK (35.50 USD) | 1,500 DOP (27 USD) |
Men's Suit  | 40,000 ISK (284 USD) | 12,000 DOP (216 USD) |
Men's Jeans  | 7,000 ISK (49.70 USD) | 2,000 DOP (36 USD) |
Women's Jeans  | 6,000 ISK (42.60 USD) | 2,000 DOP (36 USD) |
Men's Formal Shoes  | 7,000 ISK (49.70 USD) | 3,000 DOP (54 USD) |
Women's Formal Shoes  | 7,000 ISK (49.70 USD) | 3,000 DOP (54 USD) |
Men's Casual Shoes  | 5,000 ISK (35.50 USD) | 2,500 DOP (45 USD) |
Women's Casual Shoes  | 4,000 ISK (28.40 USD) | 2,500 DOP (45 USD) |
Underwear For Men  | 1,000 ISK (7.10 USD) | 200 DOP (3.60 USD) |
Underwear For Women  | 1,200 ISK (8.52 USD) | 200 DOP (3.60 USD) |
Socks For Men  | 300 ISK (2.13 USD) | 100 DOP (1.80 USD) |
Socks For Women  | 400 ISK (2.84 USD) | 100 DOP (1.80 USD) |
Wintercoat for Adults  | 8,000 ISK (56.80 USD) | 5,000 DOP (90 USD) |
Sportswear  | 6,000 ISK (42.60 USD) | 2,000 DOP (36 USD) |
If you lived in Iceland, instead of Dominican Republic, you would have to pay 1.09 times more for Clothing and Footwear for Adults.
Indicators | Iceland | Dominican Republic |
|---|---|---|
Children's Jeans  | 3,500 ISK (24.85 USD) | 1,500 DOP (27 USD) |
Children's Normal Sneakers  | 4,000 ISK (28.40 USD) | 2,000 DOP (36 USD) |
Children's Winter Coat  | 6,000 ISK (42.60 USD) | 2,500 DOP (45 USD) |
Daycare for Infant  | 25,000 ISK (177.50 USD) | 8,000 DOP (144 USD) |
Daycare for Toddler  | 20,000 ISK (142 USD) | 6,000 DOP (108 USD) |
Childcare for Sick Days  | 1,500 ISK (10.65 USD) | 800 DOP (14.40 USD) |
Early Childhood Education Programs  | 6,000 ISK (42.60 USD) | 8,000 DOP (144 USD) |
Extra Curricular Activities  | 3,000 ISK (21.30 USD) | 1,500 DOP (27 USD) |
Summer Camp for Kids  | 8,000 ISK (56.80 USD) | 3,000 DOP (54 USD) |
If you lived in Iceland, instead of Dominican Republic, you would have to pay 1.10 times less for Childcare and kids clothing.
Indicators | Iceland | Dominican Republic |
|---|---|---|
PreSchool Fees  | 30,000 ISK (213 USD) | 6,500 DOP (117 USD) |
Primary School Fees  | 40,000 ISK (284 USD) | 12,000 DOP (216 USD) |
Secondary School Fees  | 60,000 ISK (426 USD) | 15,000 DOP (270 USD) |
Private School Fees  | 80,000 ISK (568 USD) | 25,000 DOP (450 USD) |
University Tuition Fees  | 150,000 ISK (1,065 USD) | 60,000 DOP (1,080 USD) |
University Private Tuition Fees  | 200,000 ISK (1,420 USD) | 80,000 DOP (1,440 USD) |
After School Activities  | 5,000 ISK (35.50 USD) | 1,000 DOP (18 USD) |
Special Education Services  | 7,000 ISK (49.70 USD) | 4,000 DOP (72 USD) |
Tutoring  | 5,000 ISK (35.50 USD) | 500 DOP (9 USD) |
Textbooks Cost  | 4,000 ISK (28.40 USD) | 1,000 DOP (18 USD) |
School Supplies  | 2,000 ISK (14.20 USD) | 500 DOP (9 USD) |
If you lived in Iceland, instead of Dominican Republic, you would have to pay 1.12 times more for school and education.
Indicators | Iceland | Dominican Republic |
|---|---|---|
Movie Ticket (Single)  | 1,000 ISK (7.10 USD) | 250 DOP (4.50 USD) |
Theater Ticket (Single)  | 2,000 ISK (14.20 USD) | 500 DOP (9 USD) |
Concert Ticket (Single)  | 2,500 ISK (17.75 USD) | 1,000 DOP (18 USD) |
Sports Event Ticket (Single)  | 1,500 ISK (10.65 USD) | 800 DOP (14.40 USD) |
Gym Membership  | 6,000 ISK (42.60 USD) | 2,000 DOP (36 USD) |
Swimming Pool Access  | 5,000 ISK (35.50 USD) | 1,500 DOP (27 USD) |
Museum Entry Ticket  | 1,000 ISK (7.10 USD) | 200 DOP (3.60 USD) |
Zoo Entry Ticket  | 1,500 ISK (10.65 USD) | 300 DOP (5.40 USD) |
Amusement Park Entry Ticket  | 2,000 ISK (14.20 USD) | 500 DOP (9 USD) |
Bowling  | 1,000 ISK (7.10 USD) | 500 DOP (9 USD) |
Mini Golf  | 1,500 ISK (10.65 USD) | 400 DOP (7.20 USD) |
Video Games  | 5,000 ISK (35.50 USD) | 1,000 DOP (18 USD) |
Streaming Services  | 1,000 ISK (7.10 USD) | 600 DOP (10.80 USD) |
Outdoor Equipment Rental  | 1,000 ISK (7.10 USD) | 500 DOP (9 USD) |
Theme Park Annual Pass  | 50,000 ISK (355 USD) | 5,000 DOP (90 USD) |
If you lived in Iceland, instead of Dominican Republic, you would have to pay 2.15 times more for entertainment, recreation and fun activities.
Indicators | Iceland | Dominican Republic |
|---|---|---|
Language Classes  | 5,000 ISK (35.50 USD) | 2,000 DOP (36 USD) |
Parenting Classes  | 5,000 ISK (35.50 USD) | 1,500 DOP (27 USD) |
Art Classes  | 3,000 ISK (21.30 USD) | 800 DOP (14.40 USD) |
Fitness Classes  | 6,000 ISK (42.60 USD) | 500 DOP (9 USD) |
Music Lessons  | 4,000 ISK (28.40 USD) | 1,000 DOP (18 USD) |
Dance Lessons  | 4,000 ISK (28.40 USD) | 1,000 DOP (18 USD) |
Reading Materials for Classes  | 1,000 ISK (7.10 USD) | 300 DOP (5.40 USD) |
Educational Software  | 3,000 ISK (21.30 USD) | 1,000 DOP (18 USD) |
If you lived in Iceland, instead of Dominican Republic, you would have to pay 1.51 times more for Private Classes.
Indicators | Iceland | Dominican Republic |
|---|---|---|
Average Gross Monthly Salary  | 450,000 ISK (3,195 USD) | 50,000 DOP (900 USD) |
Average Net Monthly Salary  | 350,000 ISK (2,485 USD) | 35,000 DOP (630 USD) |
Minimum Wages  | 6,666.67 ISK per hour (47.33 USD) | 700 DOP per hour (12.60 USD) |
Average Bonus  | 40,000 ISK (284 USD) | 10,000 DOP (180 USD) |
Income Tax Rate  | 0 to 24 % | 0 to 18 % |
Social Security Contributions  | 7 % | 10 % |
Pension Contributions  | 8 % | 6 % |
Cost of Living Index  | 12 | 60 |
Median Household Income  | 400,000 ISK (2,840 USD) | 60,000 DOP (1,080 USD) |
If you lived in Iceland, you would earn 3.16 times more salary as compared to Dominican Republic.
Indicators | Iceland | Dominican Republic |
|---|---|---|
Legal Consultation Per Hour Rate  | 10,000 ISK (71 USD) | 2,500 DOP (45 USD) |
Accounting Services Per Hour Rate  | 7,000 ISK (49.70 USD) | 2,000 DOP (36 USD) |
IT Support Services Per Hour Rate  | 5,000 ISK (35.50 USD) | 1,500 DOP (27 USD) |
Technician Services Per Hour Rate  | 4,000 ISK (28.40 USD) | 1,800 DOP (32.40 USD) |
Professional Services cost 1.31 times more in Iceland, as compared to Dominican Republic.
We hope you enjoyed the detailed guide on the cost of living comparsion between Iceland and Dominican Republic.
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