Published: Monday, 21th October 2024
The cost of living in Solomon Islands is 2.34 times less expensive as compared to Iceland.
On this page, you will find side-by-side cost comparison between Solomon Islands 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 Solomon Islands and Iceland.
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Indicators | Solomon Islands | Iceland |
---|---|---|
1 BHK Apartment in City Center | 3,500 SBD (420 USD) | 200,000 ISK (1,420 USD) |
2 BHK Apartment in City Center | 5,000 SBD (600 USD) | 300,000 ISK (2,130 USD) |
3 BHK Apartment in City Center | 7,500 SBD (900 USD) | 400,000 ISK (2,840 USD) |
1 BHK Apartment outside City Center | 2,500 SBD (300 USD) | 150,000 ISK (1,065 USD) |
2 BHK Apartment outside City Center | 3,500 SBD (420 USD) | 200,000 ISK (1,420 USD) |
3 BHK Apartment outside City Center | 5,000 SBD (600 USD) | 300,000 ISK (2,130 USD) |
Mortgage Rates Per Month | 5 % | 4 % |
Realtor Commission | 3 % | 2 % |
Property Taxes | Yet to Update | 0.2 to 1.65 % |
The average housing cost in Solomon Islands is 3.37 times less expensive than Iceland.
Indicators | Solomon Islands | Iceland |
---|---|---|
Basic Home Furnishing | 12,000 SBD (1,440 USD) | 300,000 ISK (2,130 USD) |
Electricity Cost Per Month | 350 SBD (42 USD) | 20,000 ISK (142 USD) |
Heating Cost Per Month | 200 SBD (24 USD) | 25,000 ISK (177.50 USD) |
Cooling Cost Per Month | 150 SBD (18 USD) | 10,000 ISK (71 USD) |
Water Supply Cost Per Month | 100 SBD (12 USD) | 5,000 ISK (35.50 USD) |
If you lived in Solomon Islands, instead of Iceland, you would have to pay 39.91% less for Utilities.
The basic home furnishing in Solomon Islands costs 1.48 times less compared to Iceland.
Indicators | Solomon Islands | Iceland |
---|---|---|
Standard Wifi Cost Per Month | 150 SBD (18 USD) | 10,000 ISK (71 USD) |
Mobile Phone Basic Plan Cost Per Month | 150 SBD (18 USD) | 5,000 ISK (35.50 USD) |
Landline Basic Plan Cost Per Month | 100 SBD (12 USD) | 3,000 ISK (21.30 USD) |
Cable TV Basic Plan Cost Per Month | 200 SBD (24 USD) | 8,000 ISK (56.80 USD) |
The internet and communication costs 61.00% less in Solomon Islands compared to Iceland.
Indicators | Solomon Islands | Iceland |
---|---|---|
Long Grain Rice (1 KG) | 18 SBD (2.16 USD) | 500 ISK (3.55 USD) |
Milk (1 Liter) | 14 SBD (1.68 USD) | 250 ISK (1.78 USD) |
Water (1 Liter) | 4 SBD (0.48 USD) | 50 ISK (0.36 USD) |
Bread (500 gm) | 12 SBD (1.44 USD) | 150 ISK (1.07 USD) |
Eggs (1 Dozen) | 35 SBD (4.20 USD) | 500 ISK (3.55 USD) |
Cheese (1 KG) | 55 SBD (6.60 USD) | 1,200 ISK (8.52 USD) |
Chicken Breast (1 KG) | 50 SBD (6 USD) | 1,000 ISK (7.10 USD) |
In Solomon Islands, the cost of 1 Liter Water and 1 Liter Milk is 1.01 times more expensive than the cost in Iceland.
If you lived in Solomon Islands, instead of Iceland, you would have to pay 12.95% less for Groceries.
Indicators | Solomon Islands | Iceland |
---|---|---|
Apples (1 KG) | 20 SBD (2.40 USD) | 800 ISK (5.68 USD) |
Bananas (1 KG) | 12 SBD (1.44 USD) | 600 ISK (4.26 USD) |
Oranges (1 KG) | 22 SBD (2.64 USD) | 700 ISK (4.97 USD) |
Tomatoes (1 KG) | 18 SBD (2.16 USD) | 500 ISK (3.55 USD) |
Potatoes (1 KG) | 15 SBD (1.80 USD) | 400 ISK (2.84 USD) |
Lemons (1 KG) | 25 SBD (3 USD) | 700 ISK (4.97 USD) |
Onions (1 KG) | 20 SBD (2.40 USD) | 600 ISK (4.26 USD) |
Lentils (1 KG) | 20 SBD (2.40 USD) | 600 ISK (4.26 USD) |
If you lived in Solomon Islands, instead of Iceland, you would have to pay 1.91 times less for Fruits and Vegetables.
Indicators | Solomon Islands | Iceland |
---|---|---|
Meal at a Resonable Restaurant | 150 SBD (18 USD) | 3,500 ISK (24.85 USD) |
Three-Course Meal for Two | 500 SBD (60 USD) | 8,000 ISK (56.80 USD) |
Fast Food Combo Meal | 120 SBD (14.40 USD) | 1,500 ISK (10.65 USD) |
Normal Coffee | 30 SBD (3.60 USD) | 500 ISK (3.55 USD) |
Soft Drink | 15 SBD (1.80 USD) | 300 ISK (2.13 USD) |
Pizza for One | 150 SBD (18 USD) | 2,500 ISK (17.75 USD) |
Take-Out Delivery Meal | 120 SBD (14.40 USD) | 3,000 ISK (21.30 USD) |
Cigarette Pack of 20 | 40 SBD (4.80 USD) | 1,500 ISK (10.65 USD) |
Dining-Out costs 8.59% less in Solomon Islands compared to Iceland.
Indicators | Solomon Islands | Iceland |
---|---|---|
Wine Mid-Range Bottle | 200 SBD (24 USD) | 2,000 ISK (14.20 USD) |
Glass of Wine | 40 SBD (4.80 USD) | 1,200 ISK (8.52 USD) |
Domestic Beer Half Liter | 15 SBD (1.80 USD) | 600 ISK (4.26 USD) |
Imported Beer Half Liter | 25 SBD (3 USD) | 800 ISK (5.68 USD) |
Domestic Alcohol 1 Liter | 70 SBD (8.40 USD) | 3,000 ISK (21.30 USD) |
Branded Alcohol 1 Liter | 130 SBD (15.60 USD) | 4,000 ISK (28.40 USD) |
If you lived in Solomon Islands, instead of Iceland, you would have to pay 1.43 times less for usual hard drinks.
Indicators | Solomon Islands | Iceland |
---|---|---|
Monthly Public Transportation Pass | 200 SBD (24 USD) | 15,000 ISK (106.50 USD) |
Single Public Transportation Ticket | 15 SBD (1.80 USD) | 400 ISK (2.84 USD) |
Single Train Ticket | Yet to Update () | Yet to Update () |
Domestic Airplane Ticket | 1,000 SBD (120 USD) | 30,000 ISK (213 USD) |
Taxi Start Fare | 30 SBD (3.60 USD) | 800 ISK (5.68 USD) |
Taxi Rate Per Kilometer | 10 SBD (1.20 USD) | 200 ISK (1.42 USD) |
Car Rental Per Day | 400 SBD (48 USD) | 10,000 ISK (71 USD) |
Parking Fees in City Center Per Hour | 50 SBD (6 USD) | 500 ISK (3.55 USD) |
Parking Fees outside City Center Per Hour | 20 SBD (2.40 USD) | 300 ISK (2.13 USD) |
If you lived in Solomon Islands, instead of Iceland, you would have to pay 1.96 times less for transportation.
Indicators | Solomon Islands | Iceland |
---|---|---|
Reasonable Vehicle Purchase Cost | 90,000 SBD (10,800 USD) | 4,000,000 ISK (28,400 USD) |
Vehicle Registration Cost | 200 SBD (24 USD) | 15,000 ISK (106.50 USD) |
Driving License Fees | 150 SBD (18 USD) | 5,000 ISK (35.50 USD) |
Car Insurance Cost | 600 SBD (72 USD) | 40,000 ISK (284 USD) |
Car Maintenance Cost | 400 SBD (48 USD) | 15,000 ISK (106.50 USD) |
Car Loan Interest Rates | 7 % | 5 % |
Fuel Per Liter | 10 SBD (1.20 USD) | 250 ISK (1.78 USD) |
Fuel Per Gallon | 38 SBD (4.56 USD) | 1,200 ISK (8.52 USD) |
Average Toll Fees | 100 SBD 12 USD | 1,000 ISK 7.10 USD |
You would have to pay 2.64 times less for Vehicle purchase, daily operation and maintenance in Solomon Islands compared to that of Iceland.
Indicators | Solomon Islands | Iceland |
---|---|---|
Doctor Visit | 200 SBD (24 USD) | 5,000 ISK (35.50 USD) |
Specialist Visit | 350 SBD (42 USD) | 10,000 ISK (71 USD) |
Dentist Visit | 250 SBD (30 USD) | 8,000 ISK (56.80 USD) |
Eye Exam | 150 SBD (18 USD) | 3,000 ISK (21.30 USD) |
Mental Health Counseling | 350 SBD (42 USD) | 8,000 ISK (56.80 USD) |
Preventive Health Screening | 200 SBD (24 USD) | 4,000 ISK (28.40 USD) |
Physical Therapy | 300 SBD (36 USD) | 6,000 ISK (42.60 USD) |
Emergency Room Visit | 800 SBD (96 USD) | 15,000 ISK (106.50 USD) |
Hospital Stay Per Night | 1,500 SBD (180 USD) | 25,000 ISK (177.50 USD) |
Vaccinations | 100 SBD (12 USD) | 2,500 ISK (17.75 USD) |
Prescription Medication | 80 SBD (9.60 USD) | 1,500 ISK (10.65 USD) |
Over the Counter Medication | 30 SBD (3.60 USD) | 800 ISK (5.68 USD) |
Health Insurance Premiums | 500 SBD (60 USD) | 20,000 ISK (142 USD) |
Health Insurance Deductibles | 1,000 SBD (120 USD) | 5,000 ISK (35.50 USD) |
If you lived in Solomon Islands, instead of Iceland, you would have to pay 1.16 times less for Health and Medical Treatment.
Indicators | Solomon Islands | Iceland |
---|---|---|
Cosmetic Procedures | 1,500 SBD (180 USD) | 30,000 ISK (213 USD) |
Spa Treatment | 500 SBD (60 USD) | 10,000 ISK (71 USD) |
Manicure Pedicure Cost | 100 SBD (12 USD) | 3,000 ISK (21.30 USD) |
Optical Glasses Cost | 300 SBD (36 USD) | 10,000 ISK (71 USD) |
Contact Lenses Cost | 150 SBD (18 USD) | 5,000 ISK (35.50 USD) |
Haircuts | 80 SBD (9.60 USD) | 2,000 ISK (14.20 USD) |
Hair Coloring | 200 SBD (24 USD) | 6,000 ISK (42.60 USD) |
Shampoo Price | 30 SBD (3.60 USD) | 500 ISK (3.55 USD) |
Toothpaste Price | 20 SBD (2.40 USD) | 200 ISK (1.42 USD) |
If you lived in Solomon Islands, instead of Iceland, you would have to pay 1.37 times less for Personal Care Items and Treatment.
Indicators | Solomon Islands | Iceland |
---|---|---|
Pair of Nike Running Shoes | 750 SBD (90 USD) | 15,000 ISK (106.50 USD) |
Men's Shirt | 250 SBD (30 USD) | 5,000 ISK (35.50 USD) |
Women's Dress | 400 SBD (48 USD) | 10,000 ISK (71 USD) |
Summer Dress | 300 SBD (36 USD) | 5,000 ISK (35.50 USD) |
Men's Suit | 1,200 SBD (144 USD) | 40,000 ISK (284 USD) |
Men's Jeans | 400 SBD (48 USD) | 7,000 ISK (49.70 USD) |
Women's Jeans | 400 SBD (48 USD) | 6,000 ISK (42.60 USD) |
Men's Formal Shoes | 800 SBD (96 USD) | 7,000 ISK (49.70 USD) |
Women's Formal Shoes | 700 SBD (84 USD) | 7,000 ISK (49.70 USD) |
Men's Casual Shoes | 500 SBD (60 USD) | 5,000 ISK (35.50 USD) |
Women's Casual Shoes | 500 SBD (60 USD) | 4,000 ISK (28.40 USD) |
Underwear For Men | 60 SBD (7.20 USD) | 1,000 ISK (7.10 USD) |
Underwear For Women | 60 SBD (7.20 USD) | 1,200 ISK (8.52 USD) |
Socks For Men | 20 SBD (2.40 USD) | 300 ISK (2.13 USD) |
Socks For Women | 20 SBD (2.40 USD) | 400 ISK (2.84 USD) |
Wintercoat for Adults | 800 SBD (96 USD) | 8,000 ISK (56.80 USD) |
Sportswear | 300 SBD (36 USD) | 6,000 ISK (42.60 USD) |
If you lived in Solomon Islands, instead of Iceland, you would have to pay 1.01 times less for Clothing and Footwear for Adults.
Indicators | Solomon Islands | Iceland |
---|---|---|
Children's Jeans | 200 SBD (24 USD) | 3,500 ISK (24.85 USD) |
Children's Normal Sneakers | 250 SBD (30 USD) | 4,000 ISK (28.40 USD) |
Children's Winter Coat | 300 SBD (36 USD) | 6,000 ISK (42.60 USD) |
Daycare for Infant | 1,200 SBD (144 USD) | 25,000 ISK (177.50 USD) |
Daycare for Toddler | 1,000 SBD (120 USD) | 20,000 ISK (142 USD) |
Childcare for Sick Days | 150 SBD (18 USD) | 1,500 ISK (10.65 USD) |
Early Childhood Education Programs | 600 SBD (72 USD) | 6,000 ISK (42.60 USD) |
Extra Curricular Activities | 200 SBD (24 USD) | 3,000 ISK (21.30 USD) |
Summer Camp for Kids | 500 SBD (60 USD) | 8,000 ISK (56.80 USD) |
If you lived in Solomon Islands, instead of Iceland, you would have to pay 1.04 times less for Childcare and kids clothing.
Indicators | Solomon Islands | Iceland |
---|---|---|
PreSchool Fees | 1,500 SBD (180 USD) | 30,000 ISK (213 USD) |
Primary School Fees | 2,000 SBD (240 USD) | 40,000 ISK (284 USD) |
Secondary School Fees | 2,500 SBD (300 USD) | 60,000 ISK (426 USD) |
Private School Fees | 4,000 SBD (480 USD) | 80,000 ISK (568 USD) |
University Tuition Fees | 10,000 SBD (1,200 USD) | 150,000 ISK (1,065 USD) |
University Private Tuition Fees | 15,000 SBD (1,800 USD) | 200,000 ISK (1,420 USD) |
After School Activities | 300 SBD (36 USD) | 5,000 ISK (35.50 USD) |
Special Education Services | 400 SBD (48 USD) | 7,000 ISK (49.70 USD) |
Tutoring | 200 SBD (24 USD) | 5,000 ISK (35.50 USD) |
Textbooks Cost | 150 SBD (18 USD) | 4,000 ISK (28.40 USD) |
School Supplies | 100 SBD (12 USD) | 2,000 ISK (14.20 USD) |
If you lived in Solomon Islands, instead of Iceland, you would have to pay 1.05 times more for school and education.
Indicators | Solomon Islands | Iceland |
---|---|---|
Movie Ticket (Single) | 120 SBD (14.40 USD) | 1,000 ISK (7.10 USD) |
Theater Ticket (Single) | 200 SBD (24 USD) | 2,000 ISK (14.20 USD) |
Concert Ticket (Single) | 350 SBD (42 USD) | 2,500 ISK (17.75 USD) |
Sports Event Ticket (Single) | 250 SBD (30 USD) | 1,500 ISK (10.65 USD) |
Gym Membership | 400 SBD (48 USD) | 6,000 ISK (42.60 USD) |
Swimming Pool Access | 80 SBD (9.60 USD) | 5,000 ISK (35.50 USD) |
Museum Entry Ticket | 50 SBD (6 USD) | 1,000 ISK (7.10 USD) |
Zoo Entry Ticket | 80 SBD (9.60 USD) | 1,500 ISK (10.65 USD) |
Amusement Park Entry Ticket | 150 SBD (18 USD) | 2,000 ISK (14.20 USD) |
Bowling | 80 SBD (9.60 USD) | 1,000 ISK (7.10 USD) |
Mini Golf | 50 SBD (6 USD) | 1,500 ISK (10.65 USD) |
Video Games | 300 SBD (36 USD) | 5,000 ISK (35.50 USD) |
Streaming Services | 60 SBD (7.20 USD) | 1,000 ISK (7.10 USD) |
Outdoor Equipment Rental | 150 SBD (18 USD) | 1,000 ISK (7.10 USD) |
Theme Park Annual Pass | 600 SBD (72 USD) | 50,000 ISK (355 USD) |
If you lived in Solomon Islands, instead of Iceland, you would have to pay 1.66 times less for entertainment, recreation and fun activities.
Indicators | Solomon Islands | Iceland |
---|---|---|
Language Classes | 300 SBD (36 USD) | 5,000 ISK (35.50 USD) |
Parenting Classes | 150 SBD (18 USD) | 5,000 ISK (35.50 USD) |
Art Classes | 80 SBD (9.60 USD) | 3,000 ISK (21.30 USD) |
Fitness Classes | 60 SBD (7.20 USD) | 6,000 ISK (42.60 USD) |
Music Lessons | 100 SBD (12 USD) | 4,000 ISK (28.40 USD) |
Dance Lessons | 120 SBD (14.40 USD) | 4,000 ISK (28.40 USD) |
Reading Materials for Classes | 30 SBD (3.60 USD) | 1,000 ISK (7.10 USD) |
Educational Software | 80 SBD (9.60 USD) | 3,000 ISK (21.30 USD) |
If you lived in Solomon Islands, instead of Iceland, you would have to pay 1.99 times less for Private Classes.
Indicators | Solomon Islands | Iceland |
---|---|---|
Average Gross Monthly Salary | 7,000 SBD (840 USD) | 450,000 ISK (3,195 USD) |
Average Net Monthly Salary | 5,500 SBD (660 USD) | 350,000 ISK (2,485 USD) |
Minimum Wages | 83.33 SBD per hour (10 USD) | 6,666.67 ISK per hour (47.33 USD) |
Average Bonus | 1,000 SBD (120 USD) | 40,000 ISK (284 USD) |
Income Tax Rate | 0 to 10 % | 0 to 24 % |
Social Security Contributions | 8 % | 7 % |
Pension Contributions | 5 % | 8 % |
Cost of Living Index | 45 | 12 |
Median Household Income | 6,000 SBD (720 USD) | 400,000 ISK (2,840 USD) |
If you lived in Solomon Islands, you would earn 3.77 times less salary as compared to Iceland.
Indicators | Solomon Islands | Iceland |
---|---|---|
Legal Consultation Per Hour Rate | 150 SBD (18 USD) | 10,000 ISK (71 USD) |
Accounting Services Per Hour Rate | 100 SBD (12 USD) | 7,000 ISK (49.70 USD) |
IT Support Services Per Hour Rate | 80 SBD (9.60 USD) | 5,000 ISK (35.50 USD) |
Technician Services Per Hour Rate | 70 SBD (8.40 USD) | 4,000 ISK (28.40 USD) |
Professional Services cost 3.85 times less in Solomon Islands, as compared to Iceland.
We hope you enjoyed the detailed guide on the cost of living comparsion between Solomon Islands and Iceland.
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