China vs Iceland - Cost of Living Comparison

Updated:

Livingcost

China Iceland
🚶 Cost of living one person
$650
$3200
👨‍👩‍👧‍👦 Cost of living Family
$1771
$6660
🏠 One person rent
$270
$1957
🏘️ Family rent
$453
$2883
🍽️ Food expenses
$231
$907
🚐 Transport expenses
$70.4
$97.3
💳 Monthly salary after tax
$819
$4630
💸 GDP per capita
$13303
$86041
😃 Human freedom index
4.93
8.76
❤️ Life expectancy
78
82.6
👮 Corruption perceptions index
43
77
🌐 English speaking %
0.7%
98%
🎓 Higher education
88
81
😀 Quality of life
52
94
🏙️ Population
1.41B
387K

The average cost of living in China ($650) is 80% less expensive than in Iceland ($3200). China ranked 162nd vs 4th 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 China compared to 1.4 months in Iceland. Ranked 85th and 11th best countries to live in the world.

Salary adjustment calculator
the estimated difference in money purchasing power

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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
$3.14
$27.8
🥂 Dinner in a Restaurant, for 2
$21.9
$103
🥪 Fast food meal, equiv. McDonald's
$4.95
$20.3
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$1.31
$11.6
 Cappuccino
$2.85
$5.87
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$0.5
$3.21
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$309
$2048
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$204
$1758
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$662
$3226
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$412
$2583
🔌 Utility Bill one person, electricity, heating, water, etc.
$34.3
$55
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$52.7
$84.8
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$11.2
$87.6
🏦 Mortgage Interest Rate for 20 Years
3.61%
8.83%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$4120
$7289
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$2333
$6333
Transportation
🚌 Local transport ticket
$0.36
$5.04
🎟️ Monthly ticket local transport
$20.3
$83
🚕 Taxi Ride, 8 km or 5 mi
$4.13
$29
 Gas / Petrol, 1 L or 0.26 gal
$1.13
$2.51
Groceries
🥛 Milk, 1 L or 1 qt
$1.8
$2
🍞 Bread, 0.5 kg or 1.1 lb
$1.63
$4.25
🍚 Rice, 1 kg or 2.2 lb
$1.01
$3.42
🥚 Eggs, x12
$1.57
$6.9
🧀 Cheese, 1 kg or 2.2 lb
$12.6
$19.6
🐔 Chicken Breast, 1 kg or 2.2 lb
$3.42
$25.7
🥩 Round Steak, 1 kg or 2.2 lb
$10.7
$44.8
🍏 Apples, 1 kg or 2.2 lb
$1.79
$3.4
🍌 Banana, 1 kg or 2.2 lb
$1.22
$2.65
🍊 Oranges, 1 kg or 2.2 lb
$1.44
$3.28
🍅 Tomato, 1 kg or 2.2 lb
$1.24
$5.58
🥔 Potato, 1 kg or 2.2 lb
$0.75
$3.46
🧅 Onion, 1 kg or 2.2 lb
$0.91
$2.09
🌊 Water, 1 L or 1 qt
$0.39
$1.26
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$1.23
$3.02
🍾 Wine (mid-priced), 750 mL bottle
$11.5
$23.3
🍺 Beer, 0.5 L or 16 fl oz
$0.84
$3.95
🚬 Cigarette pack
$3.34
$14
💊 Cold medicince, 1 week
$5.1
$12.7
🧴 Hair Shampoo
$4.73
$5.91
🧻 Toilet paper, 4 rolls
$1.5
$5.24
👄 Toothpaste, 1 tube
$1.7
$3.64
Other
🏋️ Gym Membership, 1 month
$40.3
$88.2
🎫 Cinema Ticket, 1 person
$6.11
$17.9
👩‍⚕️ Doctor's visit
$33.7
$93.5
💇 Haircut, simple
$5.66
$46.2
👖 Brand Jeans
$46.5
$139
👟 Brand Sneakers
$72.6
$169
👶 Daycare or Preschool, 1 month
$442
$406
🏫 International Primary School, 1 year
$17761
$30488

Cost of living in other countries

Cost of living

Cities Comparison in China vs Iceland

More countries to compare

Cost of Living in Popular cities

In China

City Cost of living Population
Chongqing
$601
32.1M
Chengdu
$666
20.9M
Shanghai
$1126
24.9M
Shenzhen
$939
17.5M
Beijing
$1044
21.9M
Guangzhou
$782
18.7M
Tianjin
$663
13.9M
Wuhan
$653
12.3M
Suzhou
$782
12.7M
Xi'an
$585
13M
Baoding
$468
11.5M
Hangzhou
$860
11.9M
Qingdao
$649
10.1M
Changsha
$617
10M
Hong Kong
$2674
7.41M
Harbin
$680
10M
Linyi
$530
11M
Hefei
$654
9.37M
Nanjing
$765
9.31M
Jinan
$547
9.2M
Ningbo
$671
9.4M
Zhengzhou
$511
12.6M
Xuzhou
$514
9.08M
Dongguan
$666
10.5M
Nantong
$557
7.73M
Changchun
$588
9.07M
Wenzhou
$763
9.57M
Yantai
$705
7.1M
Shenyang
$575
9.07M
Shijiazhuang
$493
10.6M

In Iceland

City Cost of living Population
Reykjavik
$3322
139K
Kopavogur
$3219
40K
Hafnarfjorur
$3212
31.5K
Akureyri
$2974
20.1K
Keflavik
$2621
23.3K