Published: Monday, 21th October 2024
The cost of living in North Korea is 1.24 times less expensive as compared to Iceland.
On this page, you will find side-by-side cost comparison between North Korea 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 North Korea 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 ![]() | ![]() North Korea ![]() | ![]() Iceland ![]() |
---|---|---|
1 BHK Apartment in City Center ![]() | 529,339 KPW (582.27 USD) | 200,000 ISK (1,420 USD) |
2 BHK Apartment in City Center ![]() | 993,638 KPW (1,093 USD) | 300,000 ISK (2,130 USD) |
3 BHK Apartment in City Center ![]() | 1,657,730 KPW (1,823.50 USD) | 400,000 ISK (2,840 USD) |
1 BHK Apartment outside City Center ![]() | 331,467 KPW (364.61 USD) | 150,000 ISK (1,065 USD) |
2 BHK Apartment outside City Center ![]() | 662,934 KPW (729.23 USD) | 200,000 ISK (1,420 USD) |
3 BHK Apartment outside City Center ![]() | 993,638 KPW (1,093 USD) | 300,000 ISK (2,130 USD) |
Mortgage Rates Per Month ![]() | 4.2 % | 4 % |
Realtor Commission ![]() | 1.3 % | 2 % |
Property Taxes ![]() | Yet to Update | 0.2 to 1.65 % |
The average housing cost in North Korea is 1.93 times less expensive than Iceland.
![]() Indicators ![]() | ![]() North Korea ![]() | ![]() Iceland ![]() |
---|---|---|
Basic Home Furnishing ![]() | 1,325,319 KPW (1,457.85 USD) | 300,000 ISK (2,130 USD) |
Electricity Cost Per Month ![]() | 33,114 KPW (36.43 USD) | 20,000 ISK (142 USD) |
Heating Cost Per Month ![]() | 46,340 KPW (50.97 USD) | 25,000 ISK (177.50 USD) |
Cooling Cost Per Month ![]() | 26,482 KPW (29.13 USD) | 10,000 ISK (71 USD) |
Water Supply Cost Per Month ![]() | 13,237 KPW (14.56 USD) | 5,000 ISK (35.50 USD) |
If you lived in North Korea, instead of Iceland, you would have to pay 37.83% less for Utilities.
The basic home furnishing in North Korea costs 1.46 times less compared to Iceland.
![]() Indicators ![]() | ![]() North Korea ![]() | ![]() Iceland ![]() |
---|---|---|
Standard Wifi Cost Per Month ![]() | 19,878 KPW (21.87 USD) | 10,000 ISK (71 USD) |
Mobile Phone Basic Plan Cost Per Month ![]() | 19,878 KPW (21.87 USD) | 5,000 ISK (35.50 USD) |
Landline Basic Plan Cost Per Month ![]() | 6,618 KPW (7.28 USD) | 3,000 ISK (21.30 USD) |
Cable TV Basic Plan Cost Per Month ![]() | 13,237 KPW (14.56 USD) | 8,000 ISK (56.80 USD) |
The internet and communication costs 64.48% less in North Korea compared to Iceland.
![]() Indicators ![]() | ![]() North Korea ![]() | ![]() Iceland ![]() |
---|---|---|
Long Grain Rice (1 KG) ![]() | 2,651 KPW (2.92 USD) | 500 ISK (3.55 USD) |
Milk (1 Liter) ![]() | 1,324 KPW (1.46 USD) | 250 ISK (1.78 USD) |
Water (1 Liter) ![]() | 662 KPW (0.73 USD) | 50 ISK (0.36 USD) |
Bread (500 gm) ![]() | 1,656 KPW (1.82 USD) | 150 ISK (1.07 USD) |
Eggs (1 Dozen) ![]() | 1,989 KPW (2.19 USD) | 500 ISK (3.55 USD) |
Cheese (1 KG) ![]() | 5,304 KPW (5.83 USD) | 1,200 ISK (8.52 USD) |
Chicken Breast (1 KG) ![]() | 6,621 KPW (7.28 USD) | 1,000 ISK (7.10 USD) |
In North Korea, the cost of 1 Liter Water and 1 Liter Milk is 1.03 times more expensive than the cost in Iceland.
If you lived in North Korea, instead of Iceland, you would have to pay 14.23% less for Groceries.
![]() Indicators ![]() | ![]() North Korea ![]() | ![]() Iceland ![]() |
---|---|---|
Apples (1 KG) ![]() | 3,307 KPW (3.64 USD) | 800 ISK (5.68 USD) |
Bananas (1 KG) ![]() | 1,989 KPW (2.19 USD) | 600 ISK (4.26 USD) |
Oranges (1 KG) ![]() | 2,651 KPW (2.92 USD) | 700 ISK (4.97 USD) |
Tomatoes (1 KG) ![]() | 2,322 KPW (2.55 USD) | 500 ISK (3.55 USD) |
Potatoes (1 KG) ![]() | 1,656 KPW (1.82 USD) | 400 ISK (2.84 USD) |
Lemons (1 KG) ![]() | 3,307 KPW (3.64 USD) | 700 ISK (4.97 USD) |
Onions (1 KG) ![]() | 1,989 KPW (2.19 USD) | 600 ISK (4.26 USD) |
Lentils (1 KG) ![]() | 3,975 KPW (4.37 USD) | 600 ISK (4.26 USD) |
If you lived in North Korea, instead of Iceland, you would have to pay 1.49 times less for Fruits and Vegetables.
![]() Indicators ![]() | ![]() North Korea ![]() | ![]() Iceland ![]() |
---|---|---|
Meal at a Resonable Restaurant ![]() | 7,944 KPW (8.74 USD) | 3,500 ISK (24.85 USD) |
Three-Course Meal for Two ![]() | 33,151 KPW (36.47 USD) | 8,000 ISK (56.80 USD) |
Fast Food Combo Meal ![]() | 5,307 KPW (5.84 USD) | 1,500 ISK (10.65 USD) |
Normal Coffee ![]() | 2,651 KPW (2.92 USD) | 500 ISK (3.55 USD) |
Soft Drink ![]() | 1,657 KPW (1.82 USD) | 300 ISK (2.13 USD) |
Pizza for One ![]() | 13,237 KPW (14.56 USD) | 2,500 ISK (17.75 USD) |
Take-Out Delivery Meal ![]() | 7,944 KPW (8.74 USD) | 3,000 ISK (21.30 USD) |
Cigarette Pack of 20 ![]() | 3,307 KPW (3.64 USD) | 1,500 ISK (10.65 USD) |
Dining-Out costs 43.99% less in North Korea compared to Iceland.
![]() Indicators ![]() | ![]() North Korea ![]() | ![]() Iceland ![]() |
---|---|---|
Wine Mid-Range Bottle ![]() | 19,878 KPW (21.87 USD) | 2,000 ISK (14.20 USD) |
Glass of Wine ![]() | 6,621 KPW (7.28 USD) | 1,200 ISK (8.52 USD) |
Domestic Beer Half Liter ![]() | 1,989 KPW (2.19 USD) | 600 ISK (4.26 USD) |
Imported Beer Half Liter ![]() | 2,651 KPW (2.92 USD) | 800 ISK (5.68 USD) |
Domestic Alcohol 1 Liter ![]() | 9,926 KPW (10.92 USD) | 3,000 ISK (21.30 USD) |
Branded Alcohol 1 Liter ![]() | 19,878 KPW (21.87 USD) | 4,000 ISK (28.40 USD) |
If you lived in North Korea, instead of Iceland, you would have to pay 1.23 times less for usual hard drinks.
![]() Indicators ![]() | ![]() North Korea ![]() | ![]() Iceland ![]() |
---|---|---|
Monthly Public Transportation Pass ![]() | 39,869 KPW (43.86 USD) | 15,000 ISK (106.50 USD) |
Single Public Transportation Ticket ![]() | 796 KPW (0.88 USD) | 400 ISK (2.84 USD) |
Single Train Ticket ![]() | 46,328 KPW (50.96 USD) | Yet to Update () |
Domestic Airplane Ticket ![]() | 132,532 KPW (145.79 USD) | 30,000 ISK (213 USD) |
Taxi Start Fare ![]() | 1,988 KPW (2.19 USD) | 800 ISK (5.68 USD) |
Taxi Rate Per Kilometer ![]() | 662 KPW (0.73 USD) | 200 ISK (1.42 USD) |
Car Rental Per Day ![]() | 46,328 KPW (50.96 USD) | 10,000 ISK (71 USD) |
Parking Fees in City Center Per Hour ![]() | 1,988 KPW (2.19 USD) | 500 ISK (3.55 USD) |
Parking Fees outside City Center Per Hour ![]() | 994 KPW (1.09 USD) | 300 ISK (2.13 USD) |
If you lived in North Korea, instead of Iceland, you would have to pay 1.36 times less for transportation.
![]() Indicators ![]() | ![]() North Korea ![]() | ![]() Iceland ![]() |
---|---|---|
Reasonable Vehicle Purchase Cost ![]() | 19,858,740 KPW (21,844.61 USD) | 4,000,000 ISK (28,400 USD) |
Vehicle Registration Cost ![]() | 132,532 KPW (145.79 USD) | 15,000 ISK (106.50 USD) |
Driving License Fees ![]() | 33,114 KPW (36.43 USD) | 5,000 ISK (35.50 USD) |
Car Insurance Cost ![]() | 330,531 KPW (363.58 USD) | 40,000 ISK (284 USD) |
Car Maintenance Cost ![]() | 99,396 KPW (109.34 USD) | 15,000 ISK (106.50 USD) |
Car Loan Interest Rates ![]() | 4.2 % | 5 % |
Fuel Per Liter ![]() | 993 KPW (1.09 USD) | 250 ISK (1.78 USD) |
Fuel Per Gallon ![]() | 3,969 KPW (4.37 USD) | 1,200 ISK (8.52 USD) |
Average Toll Fees ![]() | 3,308 KPW 3.64 USD | 1,000 ISK 7.10 USD |
You would have to pay 1.29 times less for Vehicle purchase, daily operation and maintenance in North Korea compared to that of Iceland.
![]() Indicators ![]() | ![]() North Korea ![]() | ![]() Iceland ![]() |
---|---|---|
Doctor Visit ![]() | 46,328 KPW (50.96 USD) | 5,000 ISK (35.50 USD) |
Specialist Visit ![]() | 99,396 KPW (109.34 USD) | 10,000 ISK (71 USD) |
Dentist Visit ![]() | 52,953 KPW (58.25 USD) | 8,000 ISK (56.80 USD) |
Eye Exam ![]() | 39,869 KPW (43.86 USD) | 3,000 ISK (21.30 USD) |
Mental Health Counseling ![]() | 66,832 KPW (73.52 USD) | 8,000 ISK (56.80 USD) |
Preventive Health Screening ![]() | 52,953 KPW (58.25 USD) | 4,000 ISK (28.40 USD) |
Physical Therapy ![]() | 46,328 KPW (50.96 USD) | 6,000 ISK (42.60 USD) |
Emergency Room Visit ![]() | 99,396 KPW (109.34 USD) | 15,000 ISK (106.50 USD) |
Hospital Stay Per Night ![]() | 132,532 KPW (145.79 USD) | 25,000 ISK (177.50 USD) |
Vaccinations ![]() | 19,878 KPW (21.87 USD) | 2,500 ISK (17.75 USD) |
Prescription Medication ![]() | 13,237 KPW (14.56 USD) | 1,500 ISK (10.65 USD) |
Over the Counter Medication ![]() | 6,618 KPW (7.28 USD) | 800 ISK (5.68 USD) |
Health Insurance Premiums ![]() | 99,396 KPW (109.34 USD) | 20,000 ISK (142 USD) |
Health Insurance Deductibles ![]() | 19,878 KPW (21.87 USD) | 5,000 ISK (35.50 USD) |
If you lived in North Korea, instead of Iceland, you would have to pay 1.08 times more for Health and Medical Treatment.
![]() Indicators ![]() | ![]() North Korea ![]() | ![]() Iceland ![]() |
---|---|---|
Cosmetic Procedures ![]() | 331,391 KPW (364.53 USD) | 30,000 ISK (213 USD) |
Spa Treatment ![]() | 99,396 KPW (109.34 USD) | 10,000 ISK (71 USD) |
Manicure Pedicure Cost ![]() | 33,114 KPW (36.43 USD) | 3,000 ISK (21.30 USD) |
Optical Glasses Cost ![]() | 99,396 KPW (109.34 USD) | 10,000 ISK (71 USD) |
Contact Lenses Cost ![]() | 66,832 KPW (73.52 USD) | 5,000 ISK (35.50 USD) |
Haircuts ![]() | 13,237 KPW (14.56 USD) | 2,000 ISK (14.20 USD) |
Hair Coloring ![]() | 52,953 KPW (58.25 USD) | 6,000 ISK (42.60 USD) |
Shampoo Price ![]() | 2,651 KPW (2.92 USD) | 500 ISK (3.55 USD) |
Toothpaste Price ![]() | 1,324 KPW (1.46 USD) | 200 ISK (1.42 USD) |
If you lived in North Korea, instead of Iceland, you would have to pay 1.63 times more for Personal Care Items and Treatment.
![]() Indicators ![]() | ![]() North Korea ![]() | ![]() Iceland ![]() |
---|---|---|
Pair of Nike Running Shoes ![]() | 66,832 KPW (73.52 USD) | 15,000 ISK (106.50 USD) |
Men's Shirt ![]() | 26,482 KPW (29.13 USD) | 5,000 ISK (35.50 USD) |
Women's Dress ![]() | 52,953 KPW (58.25 USD) | 10,000 ISK (71 USD) |
Summer Dress ![]() | 26,482 KPW (29.13 USD) | 5,000 ISK (35.50 USD) |
Men's Suit ![]() | 331,391 KPW (364.53 USD) | 40,000 ISK (284 USD) |
Men's Jeans ![]() | 39,869 KPW (43.86 USD) | 7,000 ISK (49.70 USD) |
Women's Jeans ![]() | 33,114 KPW (36.43 USD) | 6,000 ISK (42.60 USD) |
Men's Formal Shoes ![]() | 79,422 KPW (87.36 USD) | 7,000 ISK (49.70 USD) |
Women's Formal Shoes ![]() | 66,832 KPW (73.52 USD) | 7,000 ISK (49.70 USD) |
Men's Casual Shoes ![]() | 52,953 KPW (58.25 USD) | 5,000 ISK (35.50 USD) |
Women's Casual Shoes ![]() | 39,869 KPW (43.86 USD) | 4,000 ISK (28.40 USD) |
Underwear For Men ![]() | 6,618 KPW (7.28 USD) | 1,000 ISK (7.10 USD) |
Underwear For Women ![]() | 6,618 KPW (7.28 USD) | 1,200 ISK (8.52 USD) |
Socks For Men ![]() | 3,309 KPW (3.64 USD) | 300 ISK (2.13 USD) |
Socks For Women ![]() | 3,309 KPW (3.64 USD) | 400 ISK (2.84 USD) |
Wintercoat for Adults ![]() | 66,832 KPW (73.52 USD) | 8,000 ISK (56.80 USD) |
Sportswear ![]() | 33,114 KPW (36.43 USD) | 6,000 ISK (42.60 USD) |
If you lived in North Korea, instead of Iceland, you would have to pay 1.13 times more for Clothing and Footwear for Adults.
![]() Indicators ![]() | ![]() North Korea ![]() | ![]() Iceland ![]() |
---|---|---|
Children's Jeans ![]() | 19,878 KPW (21.87 USD) | 3,500 ISK (24.85 USD) |
Children's Normal Sneakers ![]() | 26,482 KPW (29.13 USD) | 4,000 ISK (28.40 USD) |
Children's Winter Coat ![]() | 39,869 KPW (43.86 USD) | 6,000 ISK (42.60 USD) |
Daycare for Infant ![]() | 198,792 KPW (218.67 USD) | 25,000 ISK (177.50 USD) |
Daycare for Toddler ![]() | 165,659 KPW (182.22 USD) | 20,000 ISK (142 USD) |
Childcare for Sick Days ![]() | 33,114 KPW (36.43 USD) | 1,500 ISK (10.65 USD) |
Early Childhood Education Programs ![]() | 331,391 KPW (364.53 USD) | 6,000 ISK (42.60 USD) |
Extra Curricular Activities ![]() | 66,832 KPW (73.52 USD) | 3,000 ISK (21.30 USD) |
Summer Camp for Kids ![]() | 132,532 KPW (145.79 USD) | 8,000 ISK (56.80 USD) |
If you lived in North Korea, instead of Iceland, you would have to pay 2.04 times more for Childcare and kids clothing.
![]() Indicators ![]() | ![]() North Korea ![]() | ![]() Iceland ![]() |
---|---|---|
PreSchool Fees ![]() | 132,532 KPW (145.79 USD) | 30,000 ISK (213 USD) |
Primary School Fees ![]() | 331,391 KPW (364.53 USD) | 40,000 ISK (284 USD) |
Secondary School Fees ![]() | 463,147 KPW (509.46 USD) | 60,000 ISK (426 USD) |
Private School Fees ![]() | 662,934 KPW (729.23 USD) | 80,000 ISK (568 USD) |
University Tuition Fees ![]() | 1,325,319 KPW (1,457.85 USD) | 150,000 ISK (1,065 USD) |
University Private Tuition Fees ![]() | 2,650,637 KPW (2,915.70 USD) | 200,000 ISK (1,420 USD) |
After School Activities ![]() | 66,832 KPW (73.52 USD) | 5,000 ISK (35.50 USD) |
Special Education Services ![]() | 198,792 KPW (218.67 USD) | 7,000 ISK (49.70 USD) |
Tutoring ![]() | 33,114 KPW (36.43 USD) | 5,000 ISK (35.50 USD) |
Textbooks Cost ![]() | 66,832 KPW (73.52 USD) | 4,000 ISK (28.40 USD) |
School Supplies ![]() | 19,878 KPW (21.87 USD) | 2,000 ISK (14.20 USD) |
If you lived in North Korea, instead of Iceland, you would have to pay 1.58 times more for school and education.
![]() Indicators ![]() | ![]() North Korea ![]() | ![]() Iceland ![]() |
---|---|---|
Movie Ticket (Single) ![]() | 7,944 KPW (8.74 USD) | 1,000 ISK (7.10 USD) |
Theater Ticket (Single) ![]() | 19,878 KPW (21.87 USD) | 2,000 ISK (14.20 USD) |
Concert Ticket (Single) ![]() | 46,328 KPW (50.96 USD) | 2,500 ISK (17.75 USD) |
Sports Event Ticket (Single) ![]() | 33,114 KPW (36.43 USD) | 1,500 ISK (10.65 USD) |
Gym Membership ![]() | 52,953 KPW (58.25 USD) | 6,000 ISK (42.60 USD) |
Swimming Pool Access ![]() | 19,878 KPW (21.87 USD) | 5,000 ISK (35.50 USD) |
Museum Entry Ticket ![]() | 3,309 KPW (3.64 USD) | 1,000 ISK (7.10 USD) |
Zoo Entry Ticket ![]() | 6,618 KPW (7.28 USD) | 1,500 ISK (10.65 USD) |
Amusement Park Entry Ticket ![]() | 13,237 KPW (14.56 USD) | 2,000 ISK (14.20 USD) |
Bowling ![]() | 6,618 KPW (7.28 USD) | 1,000 ISK (7.10 USD) |
Mini Golf ![]() | 9,869 KPW (10.86 USD) | 1,500 ISK (10.65 USD) |
Video Games ![]() | 19,878 KPW (21.87 USD) | 5,000 ISK (35.50 USD) |
Streaming Services ![]() | 13,237 KPW (14.56 USD) | 1,000 ISK (7.10 USD) |
Outdoor Equipment Rental ![]() | 6,618 KPW (7.28 USD) | 1,000 ISK (7.10 USD) |
Theme Park Annual Pass ![]() | 99,396 KPW (109.34 USD) | 50,000 ISK (355 USD) |
If you lived in North Korea, instead of Iceland, you would have to pay 1.47 times less for entertainment, recreation and fun activities.
![]() Indicators ![]() | ![]() North Korea ![]() | ![]() Iceland ![]() |
---|---|---|
Language Classes ![]() | 132,532 KPW (145.79 USD) | 5,000 ISK (35.50 USD) |
Parenting Classes ![]() | 99,396 KPW (109.34 USD) | 5,000 ISK (35.50 USD) |
Art Classes ![]() | 16,561 KPW (18.22 USD) | 3,000 ISK (21.30 USD) |
Fitness Classes ![]() | 13,237 KPW (14.56 USD) | 6,000 ISK (42.60 USD) |
Music Lessons ![]() | 26,482 KPW (29.13 USD) | 4,000 ISK (28.40 USD) |
Dance Lessons ![]() | 19,878 KPW (21.87 USD) | 4,000 ISK (28.40 USD) |
Reading Materials for Classes ![]() | 6,618 KPW (7.28 USD) | 1,000 ISK (7.10 USD) |
Educational Software ![]() | 66,832 KPW (73.52 USD) | 3,000 ISK (21.30 USD) |
If you lived in North Korea, instead of Iceland, you would have to pay 1.91 times more for Private Classes.
![]() Indicators ![]() | ![]() North Korea ![]() | ![]() Iceland ![]() |
---|---|---|
Average Gross Monthly Salary ![]() | 1,989,807 KPW (2,188.79 USD) | 450,000 ISK (3,195 USD) |
Average Net Monthly Salary ![]() | 1,593,462 KPW (1,752.81 USD) | 350,000 ISK (2,485 USD) |
Minimum Wages ![]() | 55,192.63 KPW per hour (60.71 USD) | 6,666.67 ISK per hour (47.33 USD) |
Average Bonus ![]() | 331,391 KPW (364.53 USD) | 40,000 ISK (284 USD) |
Income Tax Rate ![]() | 0 % | 0 to 24 % |
Social Security Contributions ![]() | 5 % | 7 % |
Pension Contributions ![]() | 5 % | 8 % |
Cost of Living Index ![]() | 65 | 12 |
Median Household Income ![]() | 1,655,779 KPW (1,821.36 USD) | 400,000 ISK (2,840 USD) |
If you lived in North Korea, you would earn 1.43 times less salary as compared to Iceland.
![]() Indicators ![]() | ![]() North Korea ![]() | ![]() Iceland ![]() |
---|---|---|
Legal Consultation Per Hour Rate ![]() | 66,832 KPW (73.52 USD) | 10,000 ISK (71 USD) |
Accounting Services Per Hour Rate ![]() | 52,953 KPW (58.25 USD) | 7,000 ISK (49.70 USD) |
IT Support Services Per Hour Rate ![]() | 46,328 KPW (50.96 USD) | 5,000 ISK (35.50 USD) |
Technician Services Per Hour Rate ![]() | 39,869 KPW (43.86 USD) | 4,000 ISK (28.40 USD) |
Professional Services cost 1.23 times more in North Korea, as compared to Iceland.
We hope you enjoyed the detailed guide on the cost of living comparsion between North Korea 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.
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