Published: Monday, 21th October 2024
The cost of living in Iceland is 2.10 times less expensive as compared to Singapore.
On this page, you will find side-by-side cost comparison between Iceland and Singapore. 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 Singapore.
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 | Iceland | Singapore |
---|---|---|
1 BHK Apartment in City Center | 200,000 ISK (1,420 USD) | 3,500 SGD (2,555 USD) |
2 BHK Apartment in City Center | 300,000 ISK (2,130 USD) | 6,000 SGD (4,380 USD) |
3 BHK Apartment in City Center | 400,000 ISK (2,840 USD) | 9,000 SGD (6,570 USD) |
1 BHK Apartment outside City Center | 150,000 ISK (1,065 USD) | 2,500 SGD (1,825 USD) |
2 BHK Apartment outside City Center | 200,000 ISK (1,420 USD) | 4,000 SGD (2,920 USD) |
3 BHK Apartment outside City Center | 300,000 ISK (2,130 USD) | 6,000 SGD (4,380 USD) |
Mortgage Rates Per Month | 4 % | 1.5 % |
Realtor Commission | 2 % | 2 % |
Property Taxes | 0.2 to 1.65 % | 0.1 to 1.0 % |
The average housing cost in Iceland is 2.06 times less expensive than Singapore.
Indicators | Iceland | Singapore |
---|---|---|
Basic Home Furnishing | 300,000 ISK (2,130 USD) | 5,000 SGD (3,650 USD) |
Electricity Cost Per Month | 20,000 ISK (142 USD) | 100 SGD (73 USD) |
Heating Cost Per Month | 25,000 ISK (177.50 USD) | 50 SGD (36.50 USD) |
Cooling Cost Per Month | 10,000 ISK (71 USD) | 100 SGD (73 USD) |
Water Supply Cost Per Month | 5,000 ISK (35.50 USD) | 50 SGD (36.50 USD) |
If you lived in Iceland, instead of Singapore, you would have to pay 33.94% less for Utilities.
The basic home furnishing in Iceland costs 1.71 times less compared to Singapore.
Indicators | Iceland | Singapore |
---|---|---|
Standard Wifi Cost Per Month | 10,000 ISK (71 USD) | 70 SGD (51.10 USD) |
Mobile Phone Basic Plan Cost Per Month | 5,000 ISK (35.50 USD) | 50 SGD (36.50 USD) |
Landline Basic Plan Cost Per Month | 3,000 ISK (21.30 USD) | 30 SGD (21.90 USD) |
Cable TV Basic Plan Cost Per Month | 8,000 ISK (56.80 USD) | 60 SGD (43.80 USD) |
The internet and communication costs 20.42% more in Iceland compared to Singapore.
Indicators | Iceland | Singapore |
---|---|---|
Long Grain Rice (1 KG) | 500 ISK (3.55 USD) | 4 SGD (2.92 USD) |
Milk (1 Liter) | 250 ISK (1.78 USD) | 2.50 SGD (1.82 USD) |
Water (1 Liter) | 50 ISK (0.36 USD) | 1.50 SGD (1.09 USD) |
Bread (500 gm) | 150 ISK (1.07 USD) | 3 SGD (2.19 USD) |
Eggs (1 Dozen) | 500 ISK (3.55 USD) | 4.50 SGD (3.29 USD) |
Cheese (1 KG) | 1,200 ISK (8.52 USD) | 15 SGD (10.95 USD) |
Chicken Breast (1 KG) | 1,000 ISK (7.10 USD) | 12 SGD (8.76 USD) |
In Iceland, the cost of 1 Liter Water and 1 Liter Milk is 1.37 times less expensive than the cost in Singapore.
If you lived in Iceland, instead of Singapore, you would have to pay 16.47% less for Groceries.
Indicators | Iceland | Singapore |
---|---|---|
Apples (1 KG) | 800 ISK (5.68 USD) | 6 SGD (4.38 USD) |
Bananas (1 KG) | 600 ISK (4.26 USD) | 3 SGD (2.19 USD) |
Oranges (1 KG) | 700 ISK (4.97 USD) | 4 SGD (2.92 USD) |
Tomatoes (1 KG) | 500 ISK (3.55 USD) | 5 SGD (3.65 USD) |
Potatoes (1 KG) | 400 ISK (2.84 USD) | 3 SGD (2.19 USD) |
Lemons (1 KG) | 700 ISK (4.97 USD) | 5 SGD (3.65 USD) |
Onions (1 KG) | 600 ISK (4.26 USD) | 3 SGD (2.19 USD) |
Lentils (1 KG) | 600 ISK (4.26 USD) | 4 SGD (2.92 USD) |
If you lived in Iceland, instead of Singapore, you would have to pay 1.44 times more for Fruits and Vegetables.
Indicators | Iceland | Singapore |
---|---|---|
Meal at a Resonable Restaurant | 3,500 ISK (24.85 USD) | 10 SGD (7.30 USD) |
Three-Course Meal for Two | 8,000 ISK (56.80 USD) | 120 SGD (87.60 USD) |
Fast Food Combo Meal | 1,500 ISK (10.65 USD) | 8 SGD (5.84 USD) |
Normal Coffee | 500 ISK (3.55 USD) | 5 SGD (3.65 USD) |
Soft Drink | 300 ISK (2.13 USD) | 2.50 SGD (1.82 USD) |
Pizza for One | 2,500 ISK (17.75 USD) | 25 SGD (18.25 USD) |
Take-Out Delivery Meal | 3,000 ISK (21.30 USD) | 15 SGD (10.95 USD) |
Cigarette Pack of 20 | 1,500 ISK (10.65 USD) | 10 SGD (7.30 USD) |
Dining-Out costs 3.48% more in Iceland compared to Singapore.
Indicators | Iceland | Singapore |
---|---|---|
Wine Mid-Range Bottle | 2,000 ISK (14.20 USD) | 30 SGD (21.90 USD) |
Glass of Wine | 1,200 ISK (8.52 USD) | 12 SGD (8.76 USD) |
Domestic Beer Half Liter | 600 ISK (4.26 USD) | 3.50 SGD (2.55 USD) |
Imported Beer Half Liter | 800 ISK (5.68 USD) | 5 SGD (3.65 USD) |
Domestic Alcohol 1 Liter | 3,000 ISK (21.30 USD) | 20 SGD (14.60 USD) |
Branded Alcohol 1 Liter | 4,000 ISK (28.40 USD) | 40 SGD (29.20 USD) |
If you lived in Iceland, instead of Singapore, you would have to pay 1.02 times more for usual hard drinks.
Indicators | Iceland | Singapore |
---|---|---|
Monthly Public Transportation Pass | 15,000 ISK (106.50 USD) | 100 SGD (73 USD) |
Single Public Transportation Ticket | 400 ISK (2.84 USD) | 2 SGD (1.46 USD) |
Single Train Ticket | Yet to Update () | 2.50 SGD (1.82 USD) |
Domestic Airplane Ticket | 30,000 ISK (213 USD) | 150 SGD (109.50 USD) |
Taxi Start Fare | 800 ISK (5.68 USD) | 3 SGD (2.19 USD) |
Taxi Rate Per Kilometer | 200 ISK (1.42 USD) | 1 SGD (0.73 USD) |
Car Rental Per Day | 10,000 ISK (71 USD) | 80 SGD (58.40 USD) |
Parking Fees in City Center Per Hour | 500 ISK (3.55 USD) | 3 SGD (2.19 USD) |
Parking Fees outside City Center Per Hour | 300 ISK (2.13 USD) | 2 SGD (1.46 USD) |
If you lived in Iceland, instead of Singapore, you would have to pay 1.62 times more for transportation.
Indicators | Iceland | Singapore |
---|---|---|
Reasonable Vehicle Purchase Cost | 4,000,000 ISK (28,400 USD) | 50,000 SGD (36,500 USD) |
Vehicle Registration Cost | 15,000 ISK (106.50 USD) | 200 SGD (146 USD) |
Driving License Fees | 5,000 ISK (35.50 USD) | 50 SGD (36.50 USD) |
Car Insurance Cost | 40,000 ISK (284 USD) | 150 SGD (109.50 USD) |
Car Maintenance Cost | 15,000 ISK (106.50 USD) | 100 SGD (73 USD) |
Car Loan Interest Rates | 5 % | 2.5 % |
Fuel Per Liter | 250 ISK (1.78 USD) | 2 SGD (1.46 USD) |
Fuel Per Gallon | 1,200 ISK (8.52 USD) | 7.60 SGD (5.55 USD) |
Average Toll Fees | 1,000 ISK 7.10 USD | 2 SGD 1.46 USD |
You would have to pay 1.27 times less for Vehicle purchase, daily operation and maintenance in Iceland compared to that of Singapore.
Indicators | Iceland | Singapore |
---|---|---|
Doctor Visit | 5,000 ISK (35.50 USD) | 70 SGD (51.10 USD) |
Specialist Visit | 10,000 ISK (71 USD) | 150 SGD (109.50 USD) |
Dentist Visit | 8,000 ISK (56.80 USD) | 80 SGD (58.40 USD) |
Eye Exam | 3,000 ISK (21.30 USD) | 50 SGD (36.50 USD) |
Mental Health Counseling | 8,000 ISK (56.80 USD) | 120 SGD (87.60 USD) |
Preventive Health Screening | 4,000 ISK (28.40 USD) | 150 SGD (109.50 USD) |
Physical Therapy | 6,000 ISK (42.60 USD) | 100 SGD (73 USD) |
Emergency Room Visit | 15,000 ISK (106.50 USD) | 500 SGD (365 USD) |
Hospital Stay Per Night | 25,000 ISK (177.50 USD) | 800 SGD (584 USD) |
Vaccinations | 2,500 ISK (17.75 USD) | 100 SGD (73 USD) |
Prescription Medication | 1,500 ISK (10.65 USD) | 25 SGD (18.25 USD) |
Over the Counter Medication | 800 ISK (5.68 USD) | 10 SGD (7.30 USD) |
Health Insurance Premiums | 20,000 ISK (142 USD) | 300 SGD (219 USD) |
Health Insurance Deductibles | 5,000 ISK (35.50 USD) | 500 SGD (365 USD) |
If you lived in Iceland, instead of Singapore, you would have to pay 2.67 times less for Health and Medical Treatment.
Indicators | Iceland | Singapore |
---|---|---|
Cosmetic Procedures | 30,000 ISK (213 USD) | 300 SGD (219 USD) |
Spa Treatment | 10,000 ISK (71 USD) | 150 SGD (109.50 USD) |
Manicure Pedicure Cost | 3,000 ISK (21.30 USD) | 60 SGD (43.80 USD) |
Optical Glasses Cost | 10,000 ISK (71 USD) | 200 SGD (146 USD) |
Contact Lenses Cost | 5,000 ISK (35.50 USD) | 100 SGD (73 USD) |
Haircuts | 2,000 ISK (14.20 USD) | 30 SGD (21.90 USD) |
Hair Coloring | 6,000 ISK (42.60 USD) | 100 SGD (73 USD) |
Shampoo Price | 500 ISK (3.55 USD) | 8 SGD (5.84 USD) |
Toothpaste Price | 200 ISK (1.42 USD) | 5 SGD (3.65 USD) |
If you lived in Iceland, instead of Singapore, you would have to pay 1.47 times less for Personal Care Items and Treatment.
Indicators | Iceland | Singapore |
---|---|---|
Pair of Nike Running Shoes | 15,000 ISK (106.50 USD) | 150 SGD (109.50 USD) |
Men's Shirt | 5,000 ISK (35.50 USD) | 60 SGD (43.80 USD) |
Women's Dress | 10,000 ISK (71 USD) | 100 SGD (73 USD) |
Summer Dress | 5,000 ISK (35.50 USD) | 80 SGD (58.40 USD) |
Men's Suit | 40,000 ISK (284 USD) | 500 SGD (365 USD) |
Men's Jeans | 7,000 ISK (49.70 USD) | 80 SGD (58.40 USD) |
Women's Jeans | 6,000 ISK (42.60 USD) | 80 SGD (58.40 USD) |
Men's Formal Shoes | 7,000 ISK (49.70 USD) | 200 SGD (146 USD) |
Women's Formal Shoes | 7,000 ISK (49.70 USD) | 150 SGD (109.50 USD) |
Men's Casual Shoes | 5,000 ISK (35.50 USD) | 120 SGD (87.60 USD) |
Women's Casual Shoes | 4,000 ISK (28.40 USD) | 100 SGD (73 USD) |
Underwear For Men | 1,000 ISK (7.10 USD) | 20 SGD (14.60 USD) |
Underwear For Women | 1,200 ISK (8.52 USD) | 20 SGD (14.60 USD) |
Socks For Men | 300 ISK (2.13 USD) | 10 SGD (7.30 USD) |
Socks For Women | 400 ISK (2.84 USD) | 10 SGD (7.30 USD) |
Wintercoat for Adults | 8,000 ISK (56.80 USD) | 200 SGD (146 USD) |
Sportswear | 6,000 ISK (42.60 USD) | 80 SGD (58.40 USD) |
If you lived in Iceland, instead of Singapore, you would have to pay 1.58 times less for Clothing and Footwear for Adults.
Indicators | Iceland | Singapore |
---|---|---|
Children's Jeans | 3,500 ISK (24.85 USD) | 40 SGD (29.20 USD) |
Children's Normal Sneakers | 4,000 ISK (28.40 USD) | 60 SGD (43.80 USD) |
Children's Winter Coat | 6,000 ISK (42.60 USD) | 100 SGD (73 USD) |
Daycare for Infant | 25,000 ISK (177.50 USD) | 1,200 SGD (876 USD) |
Daycare for Toddler | 20,000 ISK (142 USD) | 1,000 SGD (730 USD) |
Childcare for Sick Days | 1,500 ISK (10.65 USD) | 80 SGD (58.40 USD) |
Early Childhood Education Programs | 6,000 ISK (42.60 USD) | 800 SGD (584 USD) |
Extra Curricular Activities | 3,000 ISK (21.30 USD) | 150 SGD (109.50 USD) |
Summer Camp for Kids | 8,000 ISK (56.80 USD) | 1,000 SGD (730 USD) |
If you lived in Iceland, instead of Singapore, you would have to pay 5.92 times less for Childcare and kids clothing.
Indicators | Iceland | Singapore |
---|---|---|
PreSchool Fees | 30,000 ISK (213 USD) | 1,500 SGD (1,095 USD) |
Primary School Fees | 40,000 ISK (284 USD) | 3,000 SGD (2,190 USD) |
Secondary School Fees | 60,000 ISK (426 USD) | 5,000 SGD (3,650 USD) |
Private School Fees | 80,000 ISK (568 USD) | 10,000 SGD (7,300 USD) |
University Tuition Fees | 150,000 ISK (1,065 USD) | 15,000 SGD (10,950 USD) |
University Private Tuition Fees | 200,000 ISK (1,420 USD) | 25,000 SGD (18,250 USD) |
After School Activities | 5,000 ISK (35.50 USD) | 200 SGD (146 USD) |
Special Education Services | 7,000 ISK (49.70 USD) | 300 SGD (219 USD) |
Tutoring | 5,000 ISK (35.50 USD) | 100 SGD (73 USD) |
Textbooks Cost | 4,000 ISK (28.40 USD) | 150 SGD (109.50 USD) |
School Supplies | 2,000 ISK (14.20 USD) | 100 SGD (73 USD) |
If you lived in Iceland, instead of Singapore, you would have to pay 10.64 times less for school and education.
Indicators | Iceland | Singapore |
---|---|---|
Movie Ticket (Single) | 1,000 ISK (7.10 USD) | 12 SGD (8.76 USD) |
Theater Ticket (Single) | 2,000 ISK (14.20 USD) | 50 SGD (36.50 USD) |
Concert Ticket (Single) | 2,500 ISK (17.75 USD) | 100 SGD (73 USD) |
Sports Event Ticket (Single) | 1,500 ISK (10.65 USD) | 80 SGD (58.40 USD) |
Gym Membership | 6,000 ISK (42.60 USD) | 100 SGD (73 USD) |
Swimming Pool Access | 5,000 ISK (35.50 USD) | 20 SGD (14.60 USD) |
Museum Entry Ticket | 1,000 ISK (7.10 USD) | 15 SGD (10.95 USD) |
Zoo Entry Ticket | 1,500 ISK (10.65 USD) | 30 SGD (21.90 USD) |
Amusement Park Entry Ticket | 2,000 ISK (14.20 USD) | 60 SGD (43.80 USD) |
Bowling | 1,000 ISK (7.10 USD) | 20 SGD (14.60 USD) |
Mini Golf | 1,500 ISK (10.65 USD) | 10 SGD (7.30 USD) |
Video Games | 5,000 ISK (35.50 USD) | 60 SGD (43.80 USD) |
Streaming Services | 1,000 ISK (7.10 USD) | 15 SGD (10.95 USD) |
Outdoor Equipment Rental | 1,000 ISK (7.10 USD) | 50 SGD (36.50 USD) |
Theme Park Annual Pass | 50,000 ISK (355 USD) | 200 SGD (146 USD) |
If you lived in Iceland, instead of Singapore, you would have to pay 1.03 times less for entertainment, recreation and fun activities.
Indicators | Iceland | Singapore |
---|---|---|
Language Classes | 5,000 ISK (35.50 USD) | 200 SGD (146 USD) |
Parenting Classes | 5,000 ISK (35.50 USD) | 100 SGD (73 USD) |
Art Classes | 3,000 ISK (21.30 USD) | 40 SGD (29.20 USD) |
Fitness Classes | 6,000 ISK (42.60 USD) | 25 SGD (18.25 USD) |
Music Lessons | 4,000 ISK (28.40 USD) | 50 SGD (36.50 USD) |
Dance Lessons | 4,000 ISK (28.40 USD) | 60 SGD (43.80 USD) |
Reading Materials for Classes | 1,000 ISK (7.10 USD) | 10 SGD (7.30 USD) |
Educational Software | 3,000 ISK (21.30 USD) | 50 SGD (36.50 USD) |
If you lived in Iceland, instead of Singapore, you would have to pay 1.77 times less for Private Classes.
Indicators | Iceland | Singapore |
---|---|---|
Average Gross Monthly Salary | 450,000 ISK (3,195 USD) | 5,000 SGD (3,650 USD) |
Average Net Monthly Salary | 350,000 ISK (2,485 USD) | 4,000 SGD (2,920 USD) |
Minimum Wages | 6,666.67 ISK per hour (47.33 USD) | 50 SGD per hour (36.50 USD) |
Average Bonus | 40,000 ISK (284 USD) | 1,000 SGD (730 USD) |
Income Tax Rate | 0 to 24 % | 0 to 8 % |
Social Security Contributions | 7 % | 20 % |
Pension Contributions | 8 % | 5 % |
Cost of Living Index | 12 | 80 |
Median Household Income | 400,000 ISK (2,840 USD) | 4,500 SGD (3,285 USD) |
If you lived in Iceland, you would earn 1.20 times less salary as compared to Singapore.
Indicators | Iceland | Singapore |
---|---|---|
Legal Consultation Per Hour Rate | 10,000 ISK (71 USD) | 300 SGD (219 USD) |
Accounting Services Per Hour Rate | 7,000 ISK (49.70 USD) | 250 SGD (182.50 USD) |
IT Support Services Per Hour Rate | 5,000 ISK (35.50 USD) | 200 SGD (146 USD) |
Technician Services Per Hour Rate | 4,000 ISK (28.40 USD) | 150 SGD (109.50 USD) |
Professional Services cost 3.56 times less in Iceland, as compared to Singapore.
We hope you enjoyed the detailed guide on the cost of living comparsion between Iceland and Singapore.
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.