China vs Iceland - Cost of Living Comparison

China Iceland
🚶 Cost of living one person
$758
$2054
👨‍👩‍👧‍👦 Cost of living Family
$1960
$4429
🏠 One person rent
$342
$1154
🏘️ Family rent
$568
$1857
🍽️ Food expenses
$254
$646
🚐 Transport expenses
$75.2
$80.9
💳 Monthly salary after tax
$882
$3402
💸 GDP per capita
$10435
$59264
😃 Human freedom index
5.57
8.77
❤️ Life expectancy
77.1
83.1
👮 Corruption perceptions index
45
74
🌐 English speaking %
0.7%
90%
🎓 Higher education
89
81
😀 Quality of life
50
79
🏙️ Population
1.44B
357K

The average cost of living in China ($758) is 63% less expensive than in Iceland ($2054). China ranked 108th 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 1.2 months in China compared to 1.7 months in Iceland. Ranked 90th and 15th best countries to live in the world.

Salary adjustment calculator
the estimated difference in money purchasing power

Cost of living in China vs Iceland infographic

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Prices in China vs Iceland

We calculate prices for China and Iceland as a population-weighted mean of 544 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.

China Iceland
Eating Out
🍱 Lunch Menu
$4.19
$16
🥂 Dinner in a Restaurant, for 2
$22.3
$82.3
🥪 Fast food meal, equiv. McDonald's
$5.13
$12.9
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$1.77
$8.36
 Cappuccino
$3.7
$4.52
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$0.52
$2.35
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$386
$1209
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$266
$972
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$690
$1887
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$448
$1634
🔌 Utility Bill one person, electricity, heating, water, etc.
$36.9
$70.9
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$56.8
$109
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$14.6
$63.5
🏦 Mortgage Interest Rate for 20 Years
5.42%
5.27%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$4854
$5314
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$3020
$3930
Transportation
🚌 Local transport ticket
$0.4
$3.59
🎟️ Monthly ticket local transport
$20.6
$76.5
🚕 Taxi Ride, 8 km or 5 mi
$4.83
$24.2
 Gas / Petrol, 1 L or 0.26 gal
$1.19
$2.11
Groceries
🥛 Milk, 1 L or 1 qt
$1.89
$1.38
🍞 Bread, 0.5 kg or 1.1 lb
$1.54
$3.37
🍚 Rice, 1 kg or 2.2 lb
$1.1
$3.34
🥚 Eggs, x12
$1.86
$5.66
🧀 Cheese, 1 kg or 2.2 lb
$13.3
$13.3
🐔 Chicken Breast, 1 kg or 2.2 lb
$4.11
$16.3
🥩 Round Steak, 1 kg or 2.2 lb
$11.8
$23.2
🍏 Apples, 1 kg or 2.2 lb
$1.78
$2.74
🍌 Banana, 1 kg or 2.2 lb
$1.36
$2.18
🍊 Oranges, 1 kg or 2.2 lb
$1.67
$2.38
🍅 Tomato, 1 kg or 2.2 lb
$1.29
$4.22
🥔 Potato, 1 kg or 2.2 lb
$0.85
$2.45
🧅 Onion, 1 kg or 2.2 lb
$0.92
$1.35
🌊 Water, 1 L or 1 qt
$0.46
$1.25
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$1.31
$2.3
🍾 Wine (mid-priced), 750 mL bottle
$12.7
$19.7
🍺 Beer, 0.5 L or 16 fl oz
$0.87
$2.79
🚬 Cigarette pack
$3.24
$11.6
💊 Cold medicince, 1 week
$5.31
$11.6
🧴 Hair Shampoo
$4.59
$5.46
🧻 Toilet paper, 4 rolls
$1.54
$3.91
👄 Toothpaste, 1 tube
$1.67
$2.88
Other
🏋️ Gym Membership, 1 month
$35.7
$59
🎫 Cinema Ticket, 1 person
$6.4
$12
👩‍⚕️ Doctor's visit
$36.5
$43.9
💇 Haircut, simple
$5.79
$36
👖 Brand Jeans
$59.2
$114
👟 Brand Sneakers
$84.4
$151
👶 Daycare or Preschool, 1 month
$397
$288
🏫 International Primary School, 1 year
$14282
$4888

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Cities Comparison in China vs Iceland

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Cost of Living in Popular cities

In China

City Cost of living Population
Shanghai
$1413
24.9M
Beijing
$1281
21.9M
Shenzhen
$1134
17.5M
Guangzhou
$995
18.7M
Hong Kong
$2822
7.5M
Chengdu
$752
20.9M
Hangzhou
$882
11.9M
Xi'an
$583
13M
Wuhan
$639
12.3M
Nantong
$1047
7.73M
Suzhou
$921
12.7M
Tianjin
$778
13.9M
Changchun
$634
9.07M
Ningbo
$809
9.4M
Nanjing
$817
9.31M
Shijiazhuang
$576
10.6M
Foshan
$641
9.5M
Qingdao
$663
10.1M
Nanyang
$755
9.71M
Wenzhou
$968
9.57M
Dongguan
$787
10.5M
Handan
$796
9.41M
Weifang
$773
9.39M
Jieyang
$747
6.09M
Shantou
$1051
5.5M
Hefei
$676
9.37M
Zhoukou
$791
9.03M
Ganzhou
$792
8.97M
Quanzhou
$757
8.78M
Heze
$1436
8.8M

In Iceland

City Cost of living Population
Reykjavik
$2127
129K
Kopavogur
$2132
34.1K
Hafnarfjorur
$1961
28.7K
Akureyri
$1701
18.9K
Keflavik
$1883
16.5K