Published: Monday, 21th October 2024
The cost of living in Iceland is 7.25 times more expensive as compared to Ethiopia.
On this page, you will find side-by-side cost comparison between Iceland and Ethiopia. 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 Ethiopia.
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Indicators | Iceland | Ethiopia |
---|---|---|
1 BHK Apartment in City Center | 200,000 ISK (1,420 USD) | 10,000 ETB (180 USD) |
2 BHK Apartment in City Center | 300,000 ISK (2,130 USD) | 20,000 ETB (360 USD) |
3 BHK Apartment in City Center | 400,000 ISK (2,840 USD) | 30,000 ETB (540 USD) |
1 BHK Apartment outside City Center | 150,000 ISK (1,065 USD) | 7,000 ETB (126 USD) |
2 BHK Apartment outside City Center | 200,000 ISK (1,420 USD) | 15,000 ETB (270 USD) |
3 BHK Apartment outside City Center | 300,000 ISK (2,130 USD) | 25,000 ETB (450 USD) |
Mortgage Rates Per Month | 4 % | 6 % |
Realtor Commission | 2 % | 2 % |
Property Taxes | 0.2 to 1.65 % | Yet to Update |
The average housing cost in Iceland is 5.95 times more expensive than Ethiopia.
Indicators | Iceland | Ethiopia |
---|---|---|
Basic Home Furnishing | 300,000 ISK (2,130 USD) | 50,000 ETB (900 USD) |
Electricity Cost Per Month | 20,000 ISK (142 USD) | 1,500 ETB (27 USD) |
Heating Cost Per Month | 25,000 ISK (177.50 USD) | 1,200 ETB (21.60 USD) |
Cooling Cost Per Month | 10,000 ISK (71 USD) | 800 ETB (14.40 USD) |
Water Supply Cost Per Month | 5,000 ISK (35.50 USD) | 600 ETB (10.80 USD) |
If you lived in Iceland, instead of Ethiopia, you would have to pay 162.48% more for Utilities.
The basic home furnishing in Iceland costs 2.37 times more compared to Ethiopia.
Indicators | Iceland | Ethiopia |
---|---|---|
Standard Wifi Cost Per Month | 10,000 ISK (71 USD) | 1,000 ETB (18 USD) |
Mobile Phone Basic Plan Cost Per Month | 5,000 ISK (35.50 USD) | 300 ETB (5.40 USD) |
Landline Basic Plan Cost Per Month | 3,000 ISK (21.30 USD) | 500 ETB (9 USD) |
Cable TV Basic Plan Cost Per Month | 8,000 ISK (56.80 USD) | 800 ETB (14.40 USD) |
The internet and communication costs 294.44% more in Iceland compared to Ethiopia.
Indicators | Iceland | Ethiopia |
---|---|---|
Long Grain Rice (1 KG) | 500 ISK (3.55 USD) | 15 ETB (0.27 USD) |
Milk (1 Liter) | 250 ISK (1.78 USD) | 10 ETB (0.18 USD) |
Water (1 Liter) | 50 ISK (0.36 USD) | 3 ETB (0.05 USD) |
Bread (500 gm) | 150 ISK (1.07 USD) | 8 ETB (0.14 USD) |
Eggs (1 Dozen) | 500 ISK (3.55 USD) | 12 ETB (0.22 USD) |
Cheese (1 KG) | 1,200 ISK (8.52 USD) | 30 ETB (0.54 USD) |
Chicken Breast (1 KG) | 1,000 ISK (7.10 USD) | 25 ETB (0.45 USD) |
In Iceland, the cost of 1 Liter Water and 1 Liter Milk is 9.10 times more expensive than the cost in Ethiopia.
If you lived in Iceland, instead of Ethiopia, you would have to pay 1297.79% more for Groceries.
Indicators | Iceland | Ethiopia |
---|---|---|
Apples (1 KG) | 800 ISK (5.68 USD) | 15 ETB (0.27 USD) |
Bananas (1 KG) | 600 ISK (4.26 USD) | 10 ETB (0.18 USD) |
Oranges (1 KG) | 700 ISK (4.97 USD) | 12 ETB (0.22 USD) |
Tomatoes (1 KG) | 500 ISK (3.55 USD) | 15 ETB (0.27 USD) |
Potatoes (1 KG) | 400 ISK (2.84 USD) | 10 ETB (0.18 USD) |
Lemons (1 KG) | 700 ISK (4.97 USD) | 15 ETB (0.27 USD) |
Onions (1 KG) | 600 ISK (4.26 USD) | 12 ETB (0.22 USD) |
Lentils (1 KG) | 600 ISK (4.26 USD) | 15 ETB (0.27 USD) |
If you lived in Iceland, instead of Ethiopia, you would have to pay 18.58 times more for Fruits and Vegetables.
Indicators | Iceland | Ethiopia |
---|---|---|
Meal at a Resonable Restaurant | 3,500 ISK (24.85 USD) | 60 ETB (1.08 USD) |
Three-Course Meal for Two | 8,000 ISK (56.80 USD) | 150 ETB (2.70 USD) |
Fast Food Combo Meal | 1,500 ISK (10.65 USD) | 30 ETB (0.54 USD) |
Normal Coffee | 500 ISK (3.55 USD) | 15 ETB (0.27 USD) |
Soft Drink | 300 ISK (2.13 USD) | 10 ETB (0.18 USD) |
Pizza for One | 2,500 ISK (17.75 USD) | 150 ETB (2.70 USD) |
Take-Out Delivery Meal | 3,000 ISK (21.30 USD) | 100 ETB (1.80 USD) |
Cigarette Pack of 20 | 1,500 ISK (10.65 USD) | 50 ETB (0.90 USD) |
Dining-Out costs 1352.11% more in Iceland compared to Ethiopia.
Indicators | Iceland | Ethiopia |
---|---|---|
Wine Mid-Range Bottle | 2,000 ISK (14.20 USD) | 150 ETB (2.70 USD) |
Glass of Wine | 1,200 ISK (8.52 USD) | 80 ETB (1.44 USD) |
Domestic Beer Half Liter | 600 ISK (4.26 USD) | 20 ETB (0.36 USD) |
Imported Beer Half Liter | 800 ISK (5.68 USD) | 30 ETB (0.54 USD) |
Domestic Alcohol 1 Liter | 3,000 ISK (21.30 USD) | 100 ETB (1.80 USD) |
Branded Alcohol 1 Liter | 4,000 ISK (28.40 USD) | 200 ETB (3.60 USD) |
If you lived in Iceland, instead of Ethiopia, you would have to pay 7.89 times more for usual hard drinks.
Indicators | Iceland | Ethiopia |
---|---|---|
Monthly Public Transportation Pass | 15,000 ISK (106.50 USD) | 200 ETB (3.60 USD) |
Single Public Transportation Ticket | 400 ISK (2.84 USD) | 15 ETB (0.27 USD) |
Single Train Ticket | Yet to Update () | 7,500 ETB (135 USD) |
Domestic Airplane Ticket | 30,000 ISK (213 USD) | Yet to Update () |
Taxi Start Fare | 800 ISK (5.68 USD) | 30 ETB (0.54 USD) |
Taxi Rate Per Kilometer | 200 ISK (1.42 USD) | 10 ETB (0.18 USD) |
Car Rental Per Day | 10,000 ISK (71 USD) | 1,500 ETB (27 USD) |
Parking Fees in City Center Per Hour | 500 ISK (3.55 USD) | 20 ETB (0.36 USD) |
Parking Fees outside City Center Per Hour | 300 ISK (2.13 USD) | 10 ETB (0.18 USD) |
If you lived in Iceland, instead of Ethiopia, you would have to pay 2.43 times more for transportation.
Indicators | Iceland | Ethiopia |
---|---|---|
Reasonable Vehicle Purchase Cost | 4,000,000 ISK (28,400 USD) | 100,000 ETB (1,800 USD) |
Vehicle Registration Cost | 15,000 ISK (106.50 USD) | 2,000 ETB (36 USD) |
Driving License Fees | 5,000 ISK (35.50 USD) | 500 ETB (9 USD) |
Car Insurance Cost | 40,000 ISK (284 USD) | 5,000 ETB (90 USD) |
Car Maintenance Cost | 15,000 ISK (106.50 USD) | 1,000 ETB (18 USD) |
Car Loan Interest Rates | 5 % | 10 % |
Fuel Per Liter | 250 ISK (1.78 USD) | 15 ETB (0.27 USD) |
Fuel Per Gallon | 1,200 ISK (8.52 USD) | 60 ETB (1.08 USD) |
Average Toll Fees | 1,000 ISK 7.10 USD | Yet to Update |
You would have to pay 14.81 times more for Vehicle purchase, daily operation and maintenance in Iceland compared to that of Ethiopia.
Indicators | Iceland | Ethiopia |
---|---|---|
Doctor Visit | 5,000 ISK (35.50 USD) | 200 ETB (3.60 USD) |
Specialist Visit | 10,000 ISK (71 USD) | 300 ETB (5.40 USD) |
Dentist Visit | 8,000 ISK (56.80 USD) | 250 ETB (4.50 USD) |
Eye Exam | 3,000 ISK (21.30 USD) | 150 ETB (2.70 USD) |
Mental Health Counseling | 8,000 ISK (56.80 USD) | 200 ETB (3.60 USD) |
Preventive Health Screening | 4,000 ISK (28.40 USD) | 80 ETB (1.44 USD) |
Physical Therapy | 6,000 ISK (42.60 USD) | 150 ETB (2.70 USD) |
Emergency Room Visit | 15,000 ISK (106.50 USD) | 300 ETB (5.40 USD) |
Hospital Stay Per Night | 25,000 ISK (177.50 USD) | 800 ETB (14.40 USD) |
Vaccinations | 2,500 ISK (17.75 USD) | 50 ETB (0.90 USD) |
Prescription Medication | 1,500 ISK (10.65 USD) | 100 ETB (1.80 USD) |
Over the Counter Medication | 800 ISK (5.68 USD) | 50 ETB (0.90 USD) |
Health Insurance Premiums | 20,000 ISK (142 USD) | 1,000 ETB (18 USD) |
Health Insurance Deductibles | 5,000 ISK (35.50 USD) | 500 ETB (9 USD) |
If you lived in Iceland, instead of Ethiopia, you would have to pay 10.87 times more for Health and Medical Treatment.
Indicators | Iceland | Ethiopia |
---|---|---|
Cosmetic Procedures | 30,000 ISK (213 USD) | 1,000 ETB (18 USD) |
Spa Treatment | 10,000 ISK (71 USD) | 500 ETB (9 USD) |
Manicure Pedicure Cost | 3,000 ISK (21.30 USD) | 150 ETB (2.70 USD) |
Optical Glasses Cost | 10,000 ISK (71 USD) | 300 ETB (5.40 USD) |
Contact Lenses Cost | 5,000 ISK (35.50 USD) | 150 ETB (2.70 USD) |
Haircuts | 2,000 ISK (14.20 USD) | 100 ETB (1.80 USD) |
Hair Coloring | 6,000 ISK (42.60 USD) | 150 ETB (2.70 USD) |
Shampoo Price | 500 ISK (3.55 USD) | 15 ETB (0.27 USD) |
Toothpaste Price | 200 ISK (1.42 USD) | 10 ETB (0.18 USD) |
If you lived in Iceland, instead of Ethiopia, you would have to pay 11.08 times more for Personal Care Items and Treatment.
Indicators | Iceland | Ethiopia |
---|---|---|
Pair of Nike Running Shoes | 15,000 ISK (106.50 USD) | 2,000 ETB (36 USD) |
Men's Shirt | 5,000 ISK (35.50 USD) | 600 ETB (10.80 USD) |
Women's Dress | 10,000 ISK (71 USD) | 1,500 ETB (27 USD) |
Summer Dress | 5,000 ISK (35.50 USD) | 800 ETB (14.40 USD) |
Men's Suit | 40,000 ISK (284 USD) | 8,000 ETB (144 USD) |
Men's Jeans | 7,000 ISK (49.70 USD) | 1,200 ETB (21.60 USD) |
Women's Jeans | 6,000 ISK (42.60 USD) | 1,000 ETB (18 USD) |
Men's Formal Shoes | 7,000 ISK (49.70 USD) | 2,000 ETB (36 USD) |
Women's Formal Shoes | 7,000 ISK (49.70 USD) | 1,500 ETB (27 USD) |
Men's Casual Shoes | 5,000 ISK (35.50 USD) | 1,500 ETB (27 USD) |
Women's Casual Shoes | 4,000 ISK (28.40 USD) | 1,200 ETB (21.60 USD) |
Underwear For Men | 1,000 ISK (7.10 USD) | 200 ETB (3.60 USD) |
Underwear For Women | 1,200 ISK (8.52 USD) | 200 ETB (3.60 USD) |
Socks For Men | 300 ISK (2.13 USD) | 50 ETB (0.90 USD) |
Socks For Women | 400 ISK (2.84 USD) | 50 ETB (0.90 USD) |
Wintercoat for Adults | 8,000 ISK (56.80 USD) | 1,500 ETB (27 USD) |
Sportswear | 6,000 ISK (42.60 USD) | 1,000 ETB (18 USD) |
If you lived in Iceland, instead of Ethiopia, you would have to pay 2.08 times more for Clothing and Footwear for Adults.
Indicators | Iceland | Ethiopia |
---|---|---|
Children's Jeans | 3,500 ISK (24.85 USD) | 600 ETB (10.80 USD) |
Children's Normal Sneakers | 4,000 ISK (28.40 USD) | 800 ETB (14.40 USD) |
Children's Winter Coat | 6,000 ISK (42.60 USD) | 1,000 ETB (18 USD) |
Daycare for Infant | 25,000 ISK (177.50 USD) | 3,000 ETB (54 USD) |
Daycare for Toddler | 20,000 ISK (142 USD) | 2,500 ETB (45 USD) |
Childcare for Sick Days | 1,500 ISK (10.65 USD) | 400 ETB (7.20 USD) |
Early Childhood Education Programs | 6,000 ISK (42.60 USD) | 1,500 ETB (27 USD) |
Extra Curricular Activities | 3,000 ISK (21.30 USD) | 500 ETB (9 USD) |
Summer Camp for Kids | 8,000 ISK (56.80 USD) | 1,000 ETB (18 USD) |
If you lived in Iceland, instead of Ethiopia, you would have to pay 2.69 times more for Childcare and kids clothing.
Indicators | Iceland | Ethiopia |
---|---|---|
PreSchool Fees | 30,000 ISK (213 USD) | 2,000 ETB (36 USD) |
Primary School Fees | 40,000 ISK (284 USD) | 10,000 ETB (180 USD) |
Secondary School Fees | 60,000 ISK (426 USD) | 12,000 ETB (216 USD) |
Private School Fees | 80,000 ISK (568 USD) | 15,000 ETB (270 USD) |
University Tuition Fees | 150,000 ISK (1,065 USD) | 25,000 ETB (450 USD) |
University Private Tuition Fees | 200,000 ISK (1,420 USD) | 35,000 ETB (630 USD) |
After School Activities | 5,000 ISK (35.50 USD) | 500 ETB (9 USD) |
Special Education Services | 7,000 ISK (49.70 USD) | 800 ETB (14.40 USD) |
Tutoring | 5,000 ISK (35.50 USD) | 800 ETB (14.40 USD) |
Textbooks Cost | 4,000 ISK (28.40 USD) | 200 ETB (3.60 USD) |
School Supplies | 2,000 ISK (14.20 USD) | 100 ETB (1.80 USD) |
If you lived in Iceland, instead of Ethiopia, you would have to pay 2.27 times more for school and education.
Indicators | Iceland | Ethiopia |
---|---|---|
Movie Ticket (Single) | 1,000 ISK (7.10 USD) | 20 ETB (0.36 USD) |
Theater Ticket (Single) | 2,000 ISK (14.20 USD) | 50 ETB (0.90 USD) |
Concert Ticket (Single) | 2,500 ISK (17.75 USD) | 70 ETB (1.26 USD) |
Sports Event Ticket (Single) | 1,500 ISK (10.65 USD) | 100 ETB (1.80 USD) |
Gym Membership | 6,000 ISK (42.60 USD) | 200 ETB (3.60 USD) |
Swimming Pool Access | 5,000 ISK (35.50 USD) | 150 ETB (2.70 USD) |
Museum Entry Ticket | 1,000 ISK (7.10 USD) | 20 ETB (0.36 USD) |
Zoo Entry Ticket | 1,500 ISK (10.65 USD) | 30 ETB (0.54 USD) |
Amusement Park Entry Ticket | 2,000 ISK (14.20 USD) | 60 ETB (1.08 USD) |
Bowling | 1,000 ISK (7.10 USD) | 30 ETB (0.54 USD) |
Mini Golf | 1,500 ISK (10.65 USD) | 20 ETB (0.36 USD) |
Video Games | 5,000 ISK (35.50 USD) | 150 ETB (2.70 USD) |
Streaming Services | 1,000 ISK (7.10 USD) | 20 ETB (0.36 USD) |
Outdoor Equipment Rental | 1,000 ISK (7.10 USD) | 30 ETB (0.54 USD) |
Theme Park Annual Pass | 50,000 ISK (355 USD) | 1,000 ETB (18 USD) |
If you lived in Iceland, instead of Ethiopia, you would have to pay 16.59 times more for entertainment, recreation and fun activities.
Indicators | Iceland | Ethiopia |
---|---|---|
Language Classes | 5,000 ISK (35.50 USD) | 500 ETB (9 USD) |
Parenting Classes | 5,000 ISK (35.50 USD) | 300 ETB (5.40 USD) |
Art Classes | 3,000 ISK (21.30 USD) | 80 ETB (1.44 USD) |
Fitness Classes | 6,000 ISK (42.60 USD) | 20 ETB (0.36 USD) |
Music Lessons | 4,000 ISK (28.40 USD) | 40 ETB (0.72 USD) |
Dance Lessons | 4,000 ISK (28.40 USD) | 50 ETB (0.90 USD) |
Reading Materials for Classes | 1,000 ISK (7.10 USD) | 20 ETB (0.36 USD) |
Educational Software | 3,000 ISK (21.30 USD) | 200 ETB (3.60 USD) |
If you lived in Iceland, instead of Ethiopia, you would have to pay 10.11 times more for Private Classes.
Indicators | Iceland | Ethiopia |
---|---|---|
Average Gross Monthly Salary | 450,000 ISK (3,195 USD) | 15,000 ETB (270 USD) |
Average Net Monthly Salary | 350,000 ISK (2,485 USD) | 10,000 ETB (180 USD) |
Minimum Wages | 6,666.67 ISK per hour (47.33 USD) | 66.67 ETB per hour (1.20 USD) |
Average Bonus | 40,000 ISK (284 USD) | 1,000 ETB (18 USD) |
Income Tax Rate | 0 to 24 % | 0 to 15 % |
Social Security Contributions | 7 % | 7 % |
Pension Contributions | 8 % | 5 % |
Cost of Living Index | 12 | 70 |
Median Household Income | 400,000 ISK (2,840 USD) | 12,000 ETB (216 USD) |
If you lived in Iceland, you would earn 12.92 times more salary as compared to Ethiopia.
Indicators | Iceland | Ethiopia |
---|---|---|
Legal Consultation Per Hour Rate | 10,000 ISK (71 USD) | 300 ETB (5.40 USD) |
Accounting Services Per Hour Rate | 7,000 ISK (49.70 USD) | 250 ETB (4.50 USD) |
IT Support Services Per Hour Rate | 5,000 ISK (35.50 USD) | 200 ETB (3.60 USD) |
Technician Services Per Hour Rate | 4,000 ISK (28.40 USD) | 250 ETB (4.50 USD) |
Professional Services cost 10.26 times more in Iceland, as compared to Ethiopia.
We hope you enjoyed the detailed guide on the cost of living comparsion between Iceland and Ethiopia.
For more side-by-side comparsion between Countries, States and Cities, you can use the search box above or click the links below.
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