Published: Monday, 21th October 2024
The cost of living in North Macedonia is 2.55 times less expensive as compared to Iceland.
On this page, you will find side-by-side cost comparison between North Macedonia 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 Macedonia 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 Macedonia ![]() | ![]() Iceland ![]() |
---|---|---|
1 BHK Apartment in City Center ![]() | 25,000 MKD (425 USD) | 200,000 ISK (1,420 USD) |
2 BHK Apartment in City Center ![]() | 35,000 MKD (595 USD) | 300,000 ISK (2,130 USD) |
3 BHK Apartment in City Center ![]() | 50,000 MKD (850 USD) | 400,000 ISK (2,840 USD) |
1 BHK Apartment outside City Center ![]() | 15,000 MKD (255 USD) | 150,000 ISK (1,065 USD) |
2 BHK Apartment outside City Center ![]() | 25,000 MKD (425 USD) | 200,000 ISK (1,420 USD) |
3 BHK Apartment outside City Center ![]() | 35,000 MKD (595 USD) | 300,000 ISK (2,130 USD) |
Mortgage Rates Per Month ![]() | 1.9 % | 4 % |
Realtor Commission ![]() | 3 % | 2 % |
Property Taxes ![]() | 0.1 to 0.3 % | 0.2 to 1.65 % |
The average housing cost in North Macedonia is 3.48 times less expensive than Iceland.
![]() Indicators ![]() | ![]() North Macedonia ![]() | ![]() Iceland ![]() |
---|---|---|
Basic Home Furnishing ![]() | 100,000 MKD (1,700 USD) | 300,000 ISK (2,130 USD) |
Electricity Cost Per Month ![]() | 5,000 MKD (85 USD) | 20,000 ISK (142 USD) |
Heating Cost Per Month ![]() | 4,000 MKD (68 USD) | 25,000 ISK (177.50 USD) |
Cooling Cost Per Month ![]() | 3,000 MKD (51 USD) | 10,000 ISK (71 USD) |
Water Supply Cost Per Month ![]() | 1,500 MKD (25.50 USD) | 5,000 ISK (35.50 USD) |
If you lived in North Macedonia, instead of Iceland, you would have to pay 24.51% less for Utilities.
The basic home furnishing in North Macedonia costs 1.25 times less compared to Iceland.
![]() Indicators ![]() | ![]() North Macedonia ![]() | ![]() Iceland ![]() |
---|---|---|
Standard Wifi Cost Per Month ![]() | 2,000 MKD (34 USD) | 10,000 ISK (71 USD) |
Mobile Phone Basic Plan Cost Per Month ![]() | 1,000 MKD (17 USD) | 5,000 ISK (35.50 USD) |
Landline Basic Plan Cost Per Month ![]() | 1,000 MKD (17 USD) | 3,000 ISK (21.30 USD) |
Cable TV Basic Plan Cost Per Month ![]() | 1,500 MKD (25.50 USD) | 8,000 ISK (56.80 USD) |
The internet and communication costs 49.35% less in North Macedonia compared to Iceland.
![]() Indicators ![]() | ![]() North Macedonia ![]() | ![]() Iceland ![]() |
---|---|---|
Long Grain Rice (1 KG) ![]() | 80 MKD (1.36 USD) | 500 ISK (3.55 USD) |
Milk (1 Liter) ![]() | 80 MKD (1.36 USD) | 250 ISK (1.78 USD) |
Water (1 Liter) ![]() | 25 MKD (0.43 USD) | 50 ISK (0.36 USD) |
Bread (500 gm) ![]() | 40 MKD (0.68 USD) | 150 ISK (1.07 USD) |
Eggs (1 Dozen) ![]() | 120 MKD (2.04 USD) | 500 ISK (3.55 USD) |
Cheese (1 KG) ![]() | 250 MKD (4.25 USD) | 1,200 ISK (8.52 USD) |
Chicken Breast (1 KG) ![]() | 300 MKD (5.10 USD) | 1,000 ISK (7.10 USD) |
In North Macedonia, the cost of 1 Liter Water and 1 Liter Milk is 1.19 times less expensive than the cost in Iceland.
If you lived in North Macedonia, instead of Iceland, you would have to pay 41.29% less for Groceries.
![]() Indicators ![]() | ![]() North Macedonia ![]() | ![]() Iceland ![]() |
---|---|---|
Apples (1 KG) ![]() | 100 MKD (1.70 USD) | 800 ISK (5.68 USD) |
Bananas (1 KG) ![]() | 80 MKD (1.36 USD) | 600 ISK (4.26 USD) |
Oranges (1 KG) ![]() | 90 MKD (1.53 USD) | 700 ISK (4.97 USD) |
Tomatoes (1 KG) ![]() | 80 MKD (1.36 USD) | 500 ISK (3.55 USD) |
Potatoes (1 KG) ![]() | 50 MKD (0.85 USD) | 400 ISK (2.84 USD) |
Lemons (1 KG) ![]() | 100 MKD (1.70 USD) | 700 ISK (4.97 USD) |
Onions (1 KG) ![]() | 80 MKD (1.36 USD) | 600 ISK (4.26 USD) |
Lentils (1 KG) ![]() | 120 MKD (2.04 USD) | 600 ISK (4.26 USD) |
If you lived in North Macedonia, instead of Iceland, you would have to pay 2.92 times less for Fruits and Vegetables.
![]() Indicators ![]() | ![]() North Macedonia ![]() | ![]() Iceland ![]() |
---|---|---|
Meal at a Resonable Restaurant ![]() | 700 MKD (11.90 USD) | 3,500 ISK (24.85 USD) |
Three-Course Meal for Two ![]() | 2,000 MKD (34 USD) | 8,000 ISK (56.80 USD) |
Fast Food Combo Meal ![]() | 500 MKD (8.50 USD) | 1,500 ISK (10.65 USD) |
Normal Coffee ![]() | 50 MKD (0.85 USD) | 500 ISK (3.55 USD) |
Soft Drink ![]() | 40 MKD (0.68 USD) | 300 ISK (2.13 USD) |
Pizza for One ![]() | 300 MKD (5.10 USD) | 2,500 ISK (17.75 USD) |
Take-Out Delivery Meal ![]() | 600 MKD (10.20 USD) | 3,000 ISK (21.30 USD) |
Cigarette Pack of 20 ![]() | 250 MKD (4.25 USD) | 1,500 ISK (10.65 USD) |
Dining-Out costs 48.89% less in North Macedonia compared to Iceland.
![]() Indicators ![]() | ![]() North Macedonia ![]() | ![]() Iceland ![]() |
---|---|---|
Wine Mid-Range Bottle ![]() | 300 MKD (5.10 USD) | 2,000 ISK (14.20 USD) |
Glass of Wine ![]() | 150 MKD (2.55 USD) | 1,200 ISK (8.52 USD) |
Domestic Beer Half Liter ![]() | 60 MKD (1.02 USD) | 600 ISK (4.26 USD) |
Imported Beer Half Liter ![]() | 100 MKD (1.70 USD) | 800 ISK (5.68 USD) |
Domestic Alcohol 1 Liter ![]() | 300 MKD (5.10 USD) | 3,000 ISK (21.30 USD) |
Branded Alcohol 1 Liter ![]() | 500 MKD (8.50 USD) | 4,000 ISK (28.40 USD) |
If you lived in North Macedonia, instead of Iceland, you would have to pay 3.44 times less for usual hard drinks.
![]() Indicators ![]() | ![]() North Macedonia ![]() | ![]() Iceland ![]() |
---|---|---|
Monthly Public Transportation Pass ![]() | 1,500 MKD (25.50 USD) | 15,000 ISK (106.50 USD) |
Single Public Transportation Ticket ![]() | 30 MKD (0.51 USD) | 400 ISK (2.84 USD) |
Single Train Ticket ![]() | Yet to Update () | Yet to Update () |
Domestic Airplane Ticket ![]() | 20,000 MKD (340 USD) | 30,000 ISK (213 USD) |
Taxi Start Fare ![]() | 50 MKD (0.85 USD) | 800 ISK (5.68 USD) |
Taxi Rate Per Kilometer ![]() | 30 MKD (0.51 USD) | 200 ISK (1.42 USD) |
Car Rental Per Day ![]() | 2,000 MKD (34 USD) | 10,000 ISK (71 USD) |
Parking Fees in City Center Per Hour ![]() | 20 MKD (0.34 USD) | 500 ISK (3.55 USD) |
Parking Fees outside City Center Per Hour ![]() | 10 MKD (0.17 USD) | 300 ISK (2.13 USD) |
If you lived in North Macedonia, instead of Iceland, you would have to pay 1.01 times less for transportation.
![]() Indicators ![]() | ![]() North Macedonia ![]() | ![]() Iceland ![]() |
---|---|---|
Reasonable Vehicle Purchase Cost ![]() | 500,000 MKD (8,500 USD) | 4,000,000 ISK (28,400 USD) |
Vehicle Registration Cost ![]() | 5,000 MKD (85 USD) | 15,000 ISK (106.50 USD) |
Driving License Fees ![]() | 1,000 MKD (17 USD) | 5,000 ISK (35.50 USD) |
Car Insurance Cost ![]() | 15,000 MKD (255 USD) | 40,000 ISK (284 USD) |
Car Maintenance Cost ![]() | 5,000 MKD (85 USD) | 15,000 ISK (106.50 USD) |
Car Loan Interest Rates ![]() | 7 % | 5 % |
Fuel Per Liter ![]() | 75 MKD (1.28 USD) | 250 ISK (1.78 USD) |
Fuel Per Gallon ![]() | 300 MKD (5.10 USD) | 1,200 ISK (8.52 USD) |
Average Toll Fees ![]() | Yet to Update | 1,000 ISK 7.10 USD |
You would have to pay 3.24 times less for Vehicle purchase, daily operation and maintenance in North Macedonia compared to that of Iceland.
![]() Indicators ![]() | ![]() North Macedonia ![]() | ![]() Iceland ![]() |
---|---|---|
Doctor Visit ![]() | 1,000 MKD (17 USD) | 5,000 ISK (35.50 USD) |
Specialist Visit ![]() | 2,000 MKD (34 USD) | 10,000 ISK (71 USD) |
Dentist Visit ![]() | 1,500 MKD (25.50 USD) | 8,000 ISK (56.80 USD) |
Eye Exam ![]() | 500 MKD (8.50 USD) | 3,000 ISK (21.30 USD) |
Mental Health Counseling ![]() | 1,500 MKD (25.50 USD) | 8,000 ISK (56.80 USD) |
Preventive Health Screening ![]() | 1,000 MKD (17 USD) | 4,000 ISK (28.40 USD) |
Physical Therapy ![]() | 1,000 MKD (17 USD) | 6,000 ISK (42.60 USD) |
Emergency Room Visit ![]() | 5,000 MKD (85 USD) | 15,000 ISK (106.50 USD) |
Hospital Stay Per Night ![]() | 3,000 MKD (51 USD) | 25,000 ISK (177.50 USD) |
Vaccinations ![]() | 500 MKD (8.50 USD) | 2,500 ISK (17.75 USD) |
Prescription Medication ![]() | 300 MKD (5.10 USD) | 1,500 ISK (10.65 USD) |
Over the Counter Medication ![]() | 150 MKD (2.55 USD) | 800 ISK (5.68 USD) |
Health Insurance Premiums ![]() | 15,000 MKD (255 USD) | 20,000 ISK (142 USD) |
Health Insurance Deductibles ![]() | 5,000 MKD (85 USD) | 5,000 ISK (35.50 USD) |
If you lived in North Macedonia, instead of Iceland, you would have to pay 1.27 times less for Health and Medical Treatment.
![]() Indicators ![]() | ![]() North Macedonia ![]() | ![]() Iceland ![]() |
---|---|---|
Cosmetic Procedures ![]() | 5,000 MKD (85 USD) | 30,000 ISK (213 USD) |
Spa Treatment ![]() | 1,500 MKD (25.50 USD) | 10,000 ISK (71 USD) |
Manicure Pedicure Cost ![]() | 500 MKD (8.50 USD) | 3,000 ISK (21.30 USD) |
Optical Glasses Cost ![]() | 1,500 MKD (25.50 USD) | 10,000 ISK (71 USD) |
Contact Lenses Cost ![]() | 1,000 MKD (17 USD) | 5,000 ISK (35.50 USD) |
Haircuts ![]() | 500 MKD (8.50 USD) | 2,000 ISK (14.20 USD) |
Hair Coloring ![]() | 1,000 MKD (17 USD) | 6,000 ISK (42.60 USD) |
Shampoo Price ![]() | 50 MKD (0.85 USD) | 500 ISK (3.55 USD) |
Toothpaste Price ![]() | 30 MKD (0.51 USD) | 200 ISK (1.42 USD) |
If you lived in North Macedonia, instead of Iceland, you would have to pay 2.51 times less for Personal Care Items and Treatment.
![]() Indicators ![]() | ![]() North Macedonia ![]() | ![]() Iceland ![]() |
---|---|---|
Pair of Nike Running Shoes ![]() | 5,000 MKD (85 USD) | 15,000 ISK (106.50 USD) |
Men's Shirt ![]() | 1,000 MKD (17 USD) | 5,000 ISK (35.50 USD) |
Women's Dress ![]() | 4,000 MKD (68 USD) | 10,000 ISK (71 USD) |
Summer Dress ![]() | 3,000 MKD (51 USD) | 5,000 ISK (35.50 USD) |
Men's Suit ![]() | 15,000 MKD (255 USD) | 40,000 ISK (284 USD) |
Men's Jeans ![]() | 3,000 MKD (51 USD) | 7,000 ISK (49.70 USD) |
Women's Jeans ![]() | 3,000 MKD (51 USD) | 6,000 ISK (42.60 USD) |
Men's Formal Shoes ![]() | 5,000 MKD (85 USD) | 7,000 ISK (49.70 USD) |
Women's Formal Shoes ![]() | 5,000 MKD (85 USD) | 7,000 ISK (49.70 USD) |
Men's Casual Shoes ![]() | 4,000 MKD (68 USD) | 5,000 ISK (35.50 USD) |
Women's Casual Shoes ![]() | 4,000 MKD (68 USD) | 4,000 ISK (28.40 USD) |
Underwear For Men ![]() | 300 MKD (5.10 USD) | 1,000 ISK (7.10 USD) |
Underwear For Women ![]() | 400 MKD (6.80 USD) | 1,200 ISK (8.52 USD) |
Socks For Men ![]() | 100 MKD (1.70 USD) | 300 ISK (2.13 USD) |
Socks For Women ![]() | 100 MKD (1.70 USD) | 400 ISK (2.84 USD) |
Wintercoat for Adults ![]() | 5,000 MKD (85 USD) | 8,000 ISK (56.80 USD) |
Sportswear ![]() | 3,000 MKD (51 USD) | 6,000 ISK (42.60 USD) |
If you lived in North Macedonia, instead of Iceland, you would have to pay 1.14 times more for Clothing and Footwear for Adults.
![]() Indicators ![]() | ![]() North Macedonia ![]() | ![]() Iceland ![]() |
---|---|---|
Children's Jeans ![]() | 1,500 MKD (25.50 USD) | 3,500 ISK (24.85 USD) |
Children's Normal Sneakers ![]() | 2,000 MKD (34 USD) | 4,000 ISK (28.40 USD) |
Children's Winter Coat ![]() | 3,000 MKD (51 USD) | 6,000 ISK (42.60 USD) |
Daycare for Infant ![]() | 8,000 MKD (136 USD) | 25,000 ISK (177.50 USD) |
Daycare for Toddler ![]() | 6,000 MKD (102 USD) | 20,000 ISK (142 USD) |
Childcare for Sick Days ![]() | 1,000 MKD (17 USD) | 1,500 ISK (10.65 USD) |
Early Childhood Education Programs ![]() | 8,000 MKD (136 USD) | 6,000 ISK (42.60 USD) |
Extra Curricular Activities ![]() | 1,500 MKD (25.50 USD) | 3,000 ISK (21.30 USD) |
Summer Camp for Kids ![]() | 6,000 MKD (102 USD) | 8,000 ISK (56.80 USD) |
If you lived in North Macedonia, instead of Iceland, you would have to pay 1.15 times more for Childcare and kids clothing.
![]() Indicators ![]() | ![]() North Macedonia ![]() | ![]() Iceland ![]() |
---|---|---|
PreSchool Fees ![]() | 10,000 MKD (170 USD) | 30,000 ISK (213 USD) |
Primary School Fees ![]() | 15,000 MKD (255 USD) | 40,000 ISK (284 USD) |
Secondary School Fees ![]() | 20,000 MKD (340 USD) | 60,000 ISK (426 USD) |
Private School Fees ![]() | 30,000 MKD (510 USD) | 80,000 ISK (568 USD) |
University Tuition Fees ![]() | 40,000 MKD (680 USD) | 150,000 ISK (1,065 USD) |
University Private Tuition Fees ![]() | 60,000 MKD (1,020 USD) | 200,000 ISK (1,420 USD) |
After School Activities ![]() | 2,000 MKD (34 USD) | 5,000 ISK (35.50 USD) |
Special Education Services ![]() | 12,000 MKD (204 USD) | 7,000 ISK (49.70 USD) |
Tutoring ![]() | 1,000 MKD (17 USD) | 5,000 ISK (35.50 USD) |
Textbooks Cost ![]() | 1,500 MKD (25.50 USD) | 4,000 ISK (28.40 USD) |
School Supplies ![]() | 500 MKD (8.50 USD) | 2,000 ISK (14.20 USD) |
If you lived in North Macedonia, instead of Iceland, you would have to pay 1.27 times less for school and education.
![]() Indicators ![]() | ![]() North Macedonia ![]() | ![]() Iceland ![]() |
---|---|---|
Movie Ticket (Single) ![]() | 150 MKD (2.55 USD) | 1,000 ISK (7.10 USD) |
Theater Ticket (Single) ![]() | 200 MKD (3.40 USD) | 2,000 ISK (14.20 USD) |
Concert Ticket (Single) ![]() | 300 MKD (5.10 USD) | 2,500 ISK (17.75 USD) |
Sports Event Ticket (Single) ![]() | 250 MKD (4.25 USD) | 1,500 ISK (10.65 USD) |
Gym Membership ![]() | 1,000 MKD (17 USD) | 6,000 ISK (42.60 USD) |
Swimming Pool Access ![]() | 800 MKD (13.60 USD) | 5,000 ISK (35.50 USD) |
Museum Entry Ticket ![]() | 200 MKD (3.40 USD) | 1,000 ISK (7.10 USD) |
Zoo Entry Ticket ![]() | 300 MKD (5.10 USD) | 1,500 ISK (10.65 USD) |
Amusement Park Entry Ticket ![]() | 500 MKD (8.50 USD) | 2,000 ISK (14.20 USD) |
Bowling ![]() | 200 MKD (3.40 USD) | 1,000 ISK (7.10 USD) |
Mini Golf ![]() | 300 MKD (5.10 USD) | 1,500 ISK (10.65 USD) |
Video Games ![]() | 2,000 MKD (34 USD) | 5,000 ISK (35.50 USD) |
Streaming Services ![]() | 500 MKD (8.50 USD) | 1,000 ISK (7.10 USD) |
Outdoor Equipment Rental ![]() | 200 MKD (3.40 USD) | 1,000 ISK (7.10 USD) |
Theme Park Annual Pass ![]() | 15,000 MKD (255 USD) | 50,000 ISK (355 USD) |
If you lived in North Macedonia, instead of Iceland, you would have to pay 1.56 times less for entertainment, recreation and fun activities.
![]() Indicators ![]() | ![]() North Macedonia ![]() | ![]() Iceland ![]() |
---|---|---|
Language Classes ![]() | 10,000 MKD (170 USD) | 5,000 ISK (35.50 USD) |
Parenting Classes ![]() | 8,000 MKD (136 USD) | 5,000 ISK (35.50 USD) |
Art Classes ![]() | 800 MKD (13.60 USD) | 3,000 ISK (21.30 USD) |
Fitness Classes ![]() | 500 MKD (8.50 USD) | 6,000 ISK (42.60 USD) |
Music Lessons ![]() | 1,000 MKD (17 USD) | 4,000 ISK (28.40 USD) |
Dance Lessons ![]() | 1,000 MKD (17 USD) | 4,000 ISK (28.40 USD) |
Reading Materials for Classes ![]() | 300 MKD (5.10 USD) | 1,000 ISK (7.10 USD) |
Educational Software ![]() | 6,000 MKD (102 USD) | 3,000 ISK (21.30 USD) |
If you lived in North Macedonia, instead of Iceland, you would have to pay 2.13 times more for Private Classes.
![]() Indicators ![]() | ![]() North Macedonia ![]() | ![]() Iceland ![]() |
---|---|---|
Average Gross Monthly Salary ![]() | 40,000 MKD (680 USD) | 450,000 ISK (3,195 USD) |
Average Net Monthly Salary ![]() | 25,000 MKD (425 USD) | 350,000 ISK (2,485 USD) |
Minimum Wages ![]() | 666.67 MKD per hour (11.33 USD) | 6,666.67 ISK per hour (47.33 USD) |
Average Bonus ![]() | 5,000 MKD (85 USD) | 40,000 ISK (284 USD) |
Income Tax Rate ![]() | 0 to 18 % | 0 to 24 % |
Social Security Contributions ![]() | 10 % | 7 % |
Pension Contributions ![]() | 5 % | 8 % |
Cost of Living Index ![]() | 50 | 12 |
Median Household Income ![]() | 70,000 MKD (1,190 USD) | 400,000 ISK (2,840 USD) |
If you lived in North Macedonia, you would earn 3.70 times less salary as compared to Iceland.
![]() Indicators ![]() | ![]() North Macedonia ![]() | ![]() Iceland ![]() |
---|---|---|
Legal Consultation Per Hour Rate ![]() | 1,500 MKD (25.50 USD) | 10,000 ISK (71 USD) |
Accounting Services Per Hour Rate ![]() | 2,000 MKD (34 USD) | 7,000 ISK (49.70 USD) |
IT Support Services Per Hour Rate ![]() | 2,000 MKD (34 USD) | 5,000 ISK (35.50 USD) |
Technician Services Per Hour Rate ![]() | 1,500 MKD (25.50 USD) | 4,000 ISK (28.40 USD) |
Professional Services cost 1.55 times less in North Macedonia, as compared to Iceland.
We hope you enjoyed the detailed guide on the cost of living comparsion between North Macedonia and Iceland.
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