Published: Monday, 21th October 2024
The cost of living in Trinidad and Tobago is 1.91 times less expensive as compared to Iceland.
On this page, you will find side-by-side cost comparison between Trinidad and Tobago 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 Trinidad and Tobago and Iceland.
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Indicators | Trinidad and Tobago | Iceland |
---|---|---|
1 BHK Apartment in City Center | 3,500 TTD (514.50 USD) | 200,000 ISK (1,420 USD) |
2 BHK Apartment in City Center | 5,500 TTD (808.50 USD) | 300,000 ISK (2,130 USD) |
3 BHK Apartment in City Center | 8,000 TTD (1,176 USD) | 400,000 ISK (2,840 USD) |
1 BHK Apartment outside City Center | 2,500 TTD (367.50 USD) | 150,000 ISK (1,065 USD) |
2 BHK Apartment outside City Center | 4,000 TTD (588 USD) | 200,000 ISK (1,420 USD) |
3 BHK Apartment outside City Center | 6,000 TTD (882 USD) | 300,000 ISK (2,130 USD) |
Mortgage Rates Per Month | 6 % | 4 % |
Realtor Commission | 3 % | 2 % |
Property Taxes | 0.5 to 3.0 % | 0.2 to 1.65 % |
The average housing cost in Trinidad and Tobago is 2.56 times less expensive than Iceland.
Indicators | Trinidad and Tobago | Iceland |
---|---|---|
Basic Home Furnishing | 20,000 TTD (2,940 USD) | 300,000 ISK (2,130 USD) |
Electricity Cost Per Month | 200 TTD (29.40 USD) | 20,000 ISK (142 USD) |
Heating Cost Per Month | 150 TTD (22.05 USD) | 25,000 ISK (177.50 USD) |
Cooling Cost Per Month | 200 TTD (29.40 USD) | 10,000 ISK (71 USD) |
Water Supply Cost Per Month | 100 TTD (14.70 USD) | 5,000 ISK (35.50 USD) |
If you lived in Trinidad and Tobago, instead of Iceland, you would have to pay 18.76% more for Utilities.
The basic home furnishing in Trinidad and Tobago costs 1.38 times more compared to Iceland.
Indicators | Trinidad and Tobago | Iceland |
---|---|---|
Standard Wifi Cost Per Month | 150 TTD (22.05 USD) | 10,000 ISK (71 USD) |
Mobile Phone Basic Plan Cost Per Month | 80 TTD (11.76 USD) | 5,000 ISK (35.50 USD) |
Landline Basic Plan Cost Per Month | 50 TTD (7.35 USD) | 3,000 ISK (21.30 USD) |
Cable TV Basic Plan Cost Per Month | 200 TTD (29.40 USD) | 8,000 ISK (56.80 USD) |
The internet and communication costs 61.78% less in Trinidad and Tobago compared to Iceland.
Indicators | Trinidad and Tobago | Iceland |
---|---|---|
Long Grain Rice (1 KG) | 12 TTD (1.76 USD) | 500 ISK (3.55 USD) |
Milk (1 Liter) | 10 TTD (1.47 USD) | 250 ISK (1.78 USD) |
Water (1 Liter) | 2 TTD (0.29 USD) | 50 ISK (0.36 USD) |
Bread (500 gm) | 6 TTD (0.88 USD) | 150 ISK (1.07 USD) |
Eggs (1 Dozen) | 20 TTD (2.94 USD) | 500 ISK (3.55 USD) |
Cheese (1 KG) | 40 TTD (5.88 USD) | 1,200 ISK (8.52 USD) |
Chicken Breast (1 KG) | 35 TTD (5.14 USD) | 1,000 ISK (7.10 USD) |
In Trinidad and Tobago, the cost of 1 Liter Water and 1 Liter Milk is 1.21 times less expensive than the cost in Iceland.
If you lived in Trinidad and Tobago, instead of Iceland, you would have to pay 29.10% less for Groceries.
Indicators | Trinidad and Tobago | Iceland |
---|---|---|
Apples (1 KG) | 15 TTD (2.21 USD) | 800 ISK (5.68 USD) |
Bananas (1 KG) | 10 TTD (1.47 USD) | 600 ISK (4.26 USD) |
Oranges (1 KG) | 12 TTD (1.76 USD) | 700 ISK (4.97 USD) |
Tomatoes (1 KG) | 8 TTD (1.18 USD) | 500 ISK (3.55 USD) |
Potatoes (1 KG) | 10 TTD (1.47 USD) | 400 ISK (2.84 USD) |
Lemons (1 KG) | 15 TTD (2.21 USD) | 700 ISK (4.97 USD) |
Onions (1 KG) | 12 TTD (1.76 USD) | 600 ISK (4.26 USD) |
Lentils (1 KG) | 15 TTD (2.21 USD) | 600 ISK (4.26 USD) |
If you lived in Trinidad and Tobago, instead of Iceland, you would have to pay 2.44 times less for Fruits and Vegetables.
Indicators | Trinidad and Tobago | Iceland |
---|---|---|
Meal at a Resonable Restaurant | 80 TTD (11.76 USD) | 3,500 ISK (24.85 USD) |
Three-Course Meal for Two | 300 TTD (44.10 USD) | 8,000 ISK (56.80 USD) |
Fast Food Combo Meal | 40 TTD (5.88 USD) | 1,500 ISK (10.65 USD) |
Normal Coffee | 15 TTD (2.21 USD) | 500 ISK (3.55 USD) |
Soft Drink | 8 TTD (1.18 USD) | 300 ISK (2.13 USD) |
Pizza for One | 60 TTD (8.82 USD) | 2,500 ISK (17.75 USD) |
Take-Out Delivery Meal | 50 TTD (7.35 USD) | 3,000 ISK (21.30 USD) |
Cigarette Pack of 20 | 25 TTD (3.67 USD) | 1,500 ISK (10.65 USD) |
Dining-Out costs 42.47% less in Trinidad and Tobago compared to Iceland.
Indicators | Trinidad and Tobago | Iceland |
---|---|---|
Wine Mid-Range Bottle | 120 TTD (17.64 USD) | 2,000 ISK (14.20 USD) |
Glass of Wine | 30 TTD (4.41 USD) | 1,200 ISK (8.52 USD) |
Domestic Beer Half Liter | 15 TTD (2.21 USD) | 600 ISK (4.26 USD) |
Imported Beer Half Liter | 25 TTD (3.67 USD) | 800 ISK (5.68 USD) |
Domestic Alcohol 1 Liter | 60 TTD (8.82 USD) | 3,000 ISK (21.30 USD) |
Branded Alcohol 1 Liter | 100 TTD (14.70 USD) | 4,000 ISK (28.40 USD) |
If you lived in Trinidad and Tobago, instead of Iceland, you would have to pay 1.60 times less for usual hard drinks.
Indicators | Trinidad and Tobago | Iceland |
---|---|---|
Monthly Public Transportation Pass | 300 TTD (44.10 USD) | 15,000 ISK (106.50 USD) |
Single Public Transportation Ticket | 5 TTD (0.73 USD) | 400 ISK (2.84 USD) |
Single Train Ticket | Yet to Update () | Yet to Update () |
Domestic Airplane Ticket | 500 TTD (73.50 USD) | 30,000 ISK (213 USD) |
Taxi Start Fare | 20 TTD (2.94 USD) | 800 ISK (5.68 USD) |
Taxi Rate Per Kilometer | 10 TTD (1.47 USD) | 200 ISK (1.42 USD) |
Car Rental Per Day | 200 TTD (29.40 USD) | 10,000 ISK (71 USD) |
Parking Fees in City Center Per Hour | 20 TTD (2.94 USD) | 500 ISK (3.55 USD) |
Parking Fees outside City Center Per Hour | 10 TTD (1.47 USD) | 300 ISK (2.13 USD) |
If you lived in Trinidad and Tobago, instead of Iceland, you would have to pay 2.59 times less for transportation.
Indicators | Trinidad and Tobago | Iceland |
---|---|---|
Reasonable Vehicle Purchase Cost | 100,000 TTD (14,700 USD) | 4,000,000 ISK (28,400 USD) |
Vehicle Registration Cost | 200 TTD (29.40 USD) | 15,000 ISK (106.50 USD) |
Driving License Fees | 200 TTD (29.40 USD) | 5,000 ISK (35.50 USD) |
Car Insurance Cost | 1,200 TTD (176.40 USD) | 40,000 ISK (284 USD) |
Car Maintenance Cost | 400 TTD (58.80 USD) | 15,000 ISK (106.50 USD) |
Car Loan Interest Rates | 7 % | 5 % |
Fuel Per Liter | 7 TTD (1.03 USD) | 250 ISK (1.78 USD) |
Fuel Per Gallon | 30 TTD (4.41 USD) | 1,200 ISK (8.52 USD) |
Average Toll Fees | Yet to Update | 1,000 ISK 7.10 USD |
You would have to pay 1.93 times less for Vehicle purchase, daily operation and maintenance in Trinidad and Tobago compared to that of Iceland.
Indicators | Trinidad and Tobago | Iceland |
---|---|---|
Doctor Visit | 150 TTD (22.05 USD) | 5,000 ISK (35.50 USD) |
Specialist Visit | 300 TTD (44.10 USD) | 10,000 ISK (71 USD) |
Dentist Visit | 200 TTD (29.40 USD) | 8,000 ISK (56.80 USD) |
Eye Exam | 50 TTD (7.35 USD) | 3,000 ISK (21.30 USD) |
Mental Health Counseling | 200 TTD (29.40 USD) | 8,000 ISK (56.80 USD) |
Preventive Health Screening | 50 TTD (7.35 USD) | 4,000 ISK (28.40 USD) |
Physical Therapy | 150 TTD (22.05 USD) | 6,000 ISK (42.60 USD) |
Emergency Room Visit | 300 TTD (44.10 USD) | 15,000 ISK (106.50 USD) |
Hospital Stay Per Night | 800 TTD (117.60 USD) | 25,000 ISK (177.50 USD) |
Vaccinations | 20 TTD (2.94 USD) | 2,500 ISK (17.75 USD) |
Prescription Medication | 20 TTD (2.94 USD) | 1,500 ISK (10.65 USD) |
Over the Counter Medication | 10 TTD (1.47 USD) | 800 ISK (5.68 USD) |
Health Insurance Premiums | 500 TTD (73.50 USD) | 20,000 ISK (142 USD) |
Health Insurance Deductibles | 1,000 TTD (147 USD) | 5,000 ISK (35.50 USD) |
If you lived in Trinidad and Tobago, instead of Iceland, you would have to pay 1.47 times less for Health and Medical Treatment.
Indicators | Trinidad and Tobago | Iceland |
---|---|---|
Cosmetic Procedures | 1,000 TTD (147 USD) | 30,000 ISK (213 USD) |
Spa Treatment | 300 TTD (44.10 USD) | 10,000 ISK (71 USD) |
Manicure Pedicure Cost | 100 TTD (14.70 USD) | 3,000 ISK (21.30 USD) |
Optical Glasses Cost | 200 TTD (29.40 USD) | 10,000 ISK (71 USD) |
Contact Lenses Cost | 100 TTD (14.70 USD) | 5,000 ISK (35.50 USD) |
Haircuts | 50 TTD (7.35 USD) | 2,000 ISK (14.20 USD) |
Hair Coloring | 150 TTD (22.05 USD) | 6,000 ISK (42.60 USD) |
Shampoo Price | 15 TTD (2.21 USD) | 500 ISK (3.55 USD) |
Toothpaste Price | 5 TTD (0.73 USD) | 200 ISK (1.42 USD) |
If you lived in Trinidad and Tobago, instead of Iceland, you would have to pay 1.68 times less for Personal Care Items and Treatment.
Indicators | Trinidad and Tobago | Iceland |
---|---|---|
Pair of Nike Running Shoes | 600 TTD (88.20 USD) | 15,000 ISK (106.50 USD) |
Men's Shirt | 150 TTD (22.05 USD) | 5,000 ISK (35.50 USD) |
Women's Dress | 200 TTD (29.40 USD) | 10,000 ISK (71 USD) |
Summer Dress | 100 TTD (14.70 USD) | 5,000 ISK (35.50 USD) |
Men's Suit | 1,000 TTD (147 USD) | 40,000 ISK (284 USD) |
Men's Jeans | 200 TTD (29.40 USD) | 7,000 ISK (49.70 USD) |
Women's Jeans | 150 TTD (22.05 USD) | 6,000 ISK (42.60 USD) |
Men's Formal Shoes | 200 TTD (29.40 USD) | 7,000 ISK (49.70 USD) |
Women's Formal Shoes | 200 TTD (29.40 USD) | 7,000 ISK (49.70 USD) |
Men's Casual Shoes | 150 TTD (22.05 USD) | 5,000 ISK (35.50 USD) |
Women's Casual Shoes | 150 TTD (22.05 USD) | 4,000 ISK (28.40 USD) |
Underwear For Men | 20 TTD (2.94 USD) | 1,000 ISK (7.10 USD) |
Underwear For Women | 20 TTD (2.94 USD) | 1,200 ISK (8.52 USD) |
Socks For Men | 10 TTD (1.47 USD) | 300 ISK (2.13 USD) |
Socks For Women | 10 TTD (1.47 USD) | 400 ISK (2.84 USD) |
Wintercoat for Adults | 200 TTD (29.40 USD) | 8,000 ISK (56.80 USD) |
Sportswear | 100 TTD (14.70 USD) | 6,000 ISK (42.60 USD) |
If you lived in Trinidad and Tobago, instead of Iceland, you would have to pay 1.79 times less for Clothing and Footwear for Adults.
Indicators | Trinidad and Tobago | Iceland |
---|---|---|
Children's Jeans | 50 TTD (7.35 USD) | 3,500 ISK (24.85 USD) |
Children's Normal Sneakers | 75 TTD (11.02 USD) | 4,000 ISK (28.40 USD) |
Children's Winter Coat | 100 TTD (14.70 USD) | 6,000 ISK (42.60 USD) |
Daycare for Infant | 1,000 TTD (147 USD) | 25,000 ISK (177.50 USD) |
Daycare for Toddler | 800 TTD (117.60 USD) | 20,000 ISK (142 USD) |
Childcare for Sick Days | 200 TTD (29.40 USD) | 1,500 ISK (10.65 USD) |
Early Childhood Education Programs | 800 TTD (117.60 USD) | 6,000 ISK (42.60 USD) |
Extra Curricular Activities | 400 TTD (58.80 USD) | 3,000 ISK (21.30 USD) |
Summer Camp for Kids | 500 TTD (73.50 USD) | 8,000 ISK (56.80 USD) |
If you lived in Trinidad and Tobago, instead of Iceland, you would have to pay 1.06 times more for Childcare and kids clothing.
Indicators | Trinidad and Tobago | Iceland |
---|---|---|
PreSchool Fees | 1,200 TTD (176.40 USD) | 30,000 ISK (213 USD) |
Primary School Fees | 1,500 TTD (220.50 USD) | 40,000 ISK (284 USD) |
Secondary School Fees | 2,000 TTD (294 USD) | 60,000 ISK (426 USD) |
Private School Fees | 3,000 TTD (441 USD) | 80,000 ISK (568 USD) |
University Tuition Fees | 6,000 TTD (882 USD) | 150,000 ISK (1,065 USD) |
University Private Tuition Fees | 10,000 TTD (1,470 USD) | 200,000 ISK (1,420 USD) |
After School Activities | 400 TTD (58.80 USD) | 5,000 ISK (35.50 USD) |
Special Education Services | 500 TTD (73.50 USD) | 7,000 ISK (49.70 USD) |
Tutoring | 300 TTD (44.10 USD) | 5,000 ISK (35.50 USD) |
Textbooks Cost | 150 TTD (22.05 USD) | 4,000 ISK (28.40 USD) |
School Supplies | 100 TTD (14.70 USD) | 2,000 ISK (14.20 USD) |
If you lived in Trinidad and Tobago, instead of Iceland, you would have to pay 1.12 times less for school and education.
Indicators | Trinidad and Tobago | Iceland |
---|---|---|
Movie Ticket (Single) | 40 TTD (5.88 USD) | 1,000 ISK (7.10 USD) |
Theater Ticket (Single) | 80 TTD (11.76 USD) | 2,000 ISK (14.20 USD) |
Concert Ticket (Single) | 100 TTD (14.70 USD) | 2,500 ISK (17.75 USD) |
Sports Event Ticket (Single) | 60 TTD (8.82 USD) | 1,500 ISK (10.65 USD) |
Gym Membership | 200 TTD (29.40 USD) | 6,000 ISK (42.60 USD) |
Swimming Pool Access | 100 TTD (14.70 USD) | 5,000 ISK (35.50 USD) |
Museum Entry Ticket | 20 TTD (2.94 USD) | 1,000 ISK (7.10 USD) |
Zoo Entry Ticket | 30 TTD (4.41 USD) | 1,500 ISK (10.65 USD) |
Amusement Park Entry Ticket | 60 TTD (8.82 USD) | 2,000 ISK (14.20 USD) |
Bowling | 50 TTD (7.35 USD) | 1,000 ISK (7.10 USD) |
Mini Golf | 60 TTD (8.82 USD) | 1,500 ISK (10.65 USD) |
Video Games | 200 TTD (29.40 USD) | 5,000 ISK (35.50 USD) |
Streaming Services | 50 TTD (7.35 USD) | 1,000 ISK (7.10 USD) |
Outdoor Equipment Rental | 100 TTD (14.70 USD) | 1,000 ISK (7.10 USD) |
Theme Park Annual Pass | 1,000 TTD (147 USD) | 50,000 ISK (355 USD) |
If you lived in Trinidad and Tobago, instead of Iceland, you would have to pay 1.84 times less for entertainment, recreation and fun activities.
Indicators | Trinidad and Tobago | Iceland |
---|---|---|
Language Classes | 300 TTD (44.10 USD) | 5,000 ISK (35.50 USD) |
Parenting Classes | 300 TTD (44.10 USD) | 5,000 ISK (35.50 USD) |
Art Classes | 100 TTD (14.70 USD) | 3,000 ISK (21.30 USD) |
Fitness Classes | 100 TTD (14.70 USD) | 6,000 ISK (42.60 USD) |
Music Lessons | 200 TTD (29.40 USD) | 4,000 ISK (28.40 USD) |
Dance Lessons | 150 TTD (22.05 USD) | 4,000 ISK (28.40 USD) |
Reading Materials for Classes | 20 TTD (2.94 USD) | 1,000 ISK (7.10 USD) |
Educational Software | 200 TTD (29.40 USD) | 3,000 ISK (21.30 USD) |
If you lived in Trinidad and Tobago, instead of Iceland, you would have to pay 1.09 times less for Private Classes.
Indicators | Trinidad and Tobago | Iceland |
---|---|---|
Average Gross Monthly Salary | 8,000 TTD (1,176 USD) | 450,000 ISK (3,195 USD) |
Average Net Monthly Salary | 6,000 TTD (882 USD) | 350,000 ISK (2,485 USD) |
Minimum Wages | 83.33 TTD per hour (12.25 USD) | 6,666.67 ISK per hour (47.33 USD) |
Average Bonus | 500 TTD (73.50 USD) | 40,000 ISK (284 USD) |
Income Tax Rate | 0 to 12.5 % | 0 to 24 % |
Social Security Contributions | 12 % | 7 % |
Pension Contributions | 7 % | 8 % |
Cost of Living Index | 55 | 12 |
Median Household Income | 5,000 TTD (735 USD) | 400,000 ISK (2,840 USD) |
If you lived in Trinidad and Tobago, you would earn 3.07 times less salary as compared to Iceland.
Indicators | Trinidad and Tobago | Iceland |
---|---|---|
Legal Consultation Per Hour Rate | 300 TTD (44.10 USD) | 10,000 ISK (71 USD) |
Accounting Services Per Hour Rate | 200 TTD (29.40 USD) | 7,000 ISK (49.70 USD) |
IT Support Services Per Hour Rate | 150 TTD (22.05 USD) | 5,000 ISK (35.50 USD) |
Technician Services Per Hour Rate | 100 TTD (14.70 USD) | 4,000 ISK (28.40 USD) |
Professional Services cost 1.67 times less in Trinidad and Tobago, as compared to Iceland.
We hope you enjoyed the detailed guide on the cost of living comparsion between Trinidad and Tobago and Iceland.
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