Belize vs Iceland - Cost of Living Comparison

Updated:

Livingcost

Belize Iceland
🚶 Cost of living one person
$859
$2384
👨‍👩‍👧‍👦 Cost of living Family
$1999
$5111
🏠 One person rent
$377
$1378
🏘️ Family rent
$559
$2233
🍽️ Food expenses
$338
$734
🚐 Transport expenses
$58.3
$80.4
💳 Monthly salary after tax
$1133
$3560
💸 GDP per capita
$6968
$72903
😃 Human freedom index
7.02
8.64
❤️ Life expectancy
70.5
83.1
👮 Corruption perceptions index
58
74
🌐 English speaking %
81.7%
98%
🎓 Higher education
23
81
😀 Quality of life
48
93
🏙️ Population
375K
364K

The average cost of living in Belize ($859) is 64% less expensive than in Iceland ($2384). Belize ranked 96th vs 7th for Iceland in the list of the most expensive countries in the world.

The average after-tax salary is enough to cover living expenses for 1.3 months in Belize compared to 1.5 months in Iceland. Ranked 83rd and 8th best countries to live in the world.

Salary adjustment calculator
the estimated difference in money purchasing power

Cost of living in Belize vs Iceland infographic

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Prices in Belize vs Iceland

We calculate prices for Belize and Iceland as a population-weighted mean of 5 and 5 cities, respectively. Since large cities tend to have a higher cost of living, it's better to visit specific city pages below for more relevant information.

Belize Iceland
Eating Out
🍱 Lunch Menu
$6.33
$18.9
🥂 Dinner in a Restaurant, for 2
$22.6
$102
🥪 Fast food meal, equiv. McDonald's
$6.22
$15.5
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$2.69
$9.3
 Cappuccino
$3.72
$4.62
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$1.31
$2.67
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$356
$1461
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$225
$1214
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$590
$2314
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$350
$2036
🔌 Utility Bill one person, electricity, heating, water, etc.
$65.2
$48.4
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$100
$75
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$60.8
$65.8
🏦 Mortgage Interest Rate for 20 Years
12%
6.7%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$199
$5379
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$949
$4254
Transportation
🚌 Local transport ticket
$1.58
$3.93
🎟️ Monthly ticket local transport
$31.5
$65.4
🚕 Taxi Ride, 8 km or 5 mi
$23.3
$24.3
 Gas / Petrol, 1 L or 0.26 gal
$1.84
$2.24
Groceries
🥛 Milk, 1 L or 1 qt
$1.84
$1.57
🍞 Bread, 0.5 kg or 1.1 lb
$1.21
$3.33
🍚 Rice, 1 kg or 2.2 lb
$1.34
$3.24
🥚 Eggs, x12
$2.28
$5.9
🧀 Cheese, 1 kg or 2.2 lb
$9.63
$14.2
🐔 Chicken Breast, 1 kg or 2.2 lb
$5.82
$18.5
🥩 Round Steak, 1 kg or 2.2 lb
$5.82
$29.1
🍏 Apples, 1 kg or 2.2 lb
$3.8
$2.99
🍌 Banana, 1 kg or 2.2 lb
$1.51
$2.14
🍊 Oranges, 1 kg or 2.2 lb
$1.45
$2.68
🍅 Tomato, 1 kg or 2.2 lb
$2.27
$4.56
🥔 Potato, 1 kg or 2.2 lb
$2.23
$2.8
🧅 Onion, 1 kg or 2.2 lb
$2.17
$1.67
🌊 Water, 1 L or 1 qt
$0.82
$1.39
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$2.74
$2.39
🍾 Wine (mid-priced), 750 mL bottle
$15
$19
🍺 Beer, 0.5 L or 16 fl oz
$1.86
$3.07
🚬 Cigarette pack
$4.36
$11.5
💊 Cold medicince, 1 week
$11.6
$12.8
🧴 Hair Shampoo
$5.87
$5.91
🧻 Toilet paper, 4 rolls
$1.5
$5.04
👄 Toothpaste, 1 tube
$1.55
$3.25
Other
🏋️ Gym Membership, 1 month
$34.1
$62.9
🎫 Cinema Ticket, 1 person
$7.31
$14.1
👩‍⚕️ Doctor's visit
$29
$77.4
💇 Haircut, simple
$5.19
$36.6
👖 Brand Jeans
$40.7
$110
👟 Brand Sneakers
$108
$143
👶 Daycare or Preschool, 1 month
$199
$252
🏫 International Primary School, 1 year
$4495
$5636

Cost of living in other countries

Cost of living

More countries to compare

Cost of Living in Popular cities

In Belize

City Cost of living Population
Belize City
$847
57.2K
Belmopan
$681
17.2K
San Pedro Town
$881
11.8K
San Ignacio
$986
26.2K
Caye Caulker
$923
2K

In Iceland

City Cost of living Population
Reykjavik
$2534
140K
Kopavogur
$2264
39.8K
Hafnarfjorur
$2343
30.6K
Akureyri
$1959
19.9K
Keflavik
$1985
16.5K