Ethiopia vs Iceland - Cost of Living Comparison

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Livingcost

Ethiopia Iceland
🚶 Cost of living one person
$1081
$3095
👨‍👩‍👧‍👦 Cost of living Family
$2646
$6558
🏠 One person rent
$624
$1872
🏘️ Family rent
$1015
$2826
🍽️ Food expenses
$288
$889
🚐 Transport expenses
$49.6
$94.9
💳 Monthly salary after tax
$169
$4513
💸 GDP per capita
$1134
$86041
😃 Human freedom index
4.7
8.76
❤️ Life expectancy
67.3
82.6
👮 Corruption perceptions index
38
77
🌐 English speaking %
0.2%
98%
🎓 Higher education
59
81
😀 Quality of life
22
94
🏙️ Population
132M
387K

The average cost of living in Ethiopia ($1081) is 65% less expensive than in Iceland ($3095). Ethiopia ranked 84th vs 5th 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 0.2 months in Ethiopia compared to 1.5 months in Iceland. Ranked 173rd and 10th best countries to live in the world.

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the estimated difference in money purchasing power

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Prices in Ethiopia vs Iceland

We calculate prices for Ethiopia and Iceland as a population-weighted mean of 10 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.

Ethiopia Iceland
Eating Out
🍱 Lunch Menu
$3.96
$27.5
🥂 Dinner in a Restaurant, for 2
$42.3
$97.8
🥪 Fast food meal, equiv. McDonald's
$6.55
$20.1
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$0.86
$12
 Cappuccino
$0.94
$6.1
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$0.59
$3.19
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$586
$2025
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$401
$1664
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$1809
$3195
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$777
$2529
🔌 Utility Bill one person, electricity, heating, water, etc.
$100
$54.1
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$155
$83.4
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$87.2
$81.9
🏦 Mortgage Interest Rate for 20 Years
17.83%
8.73%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$1960
$7334
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$1152
$6266
Transportation
🚌 Local transport ticket
$0.46
$4.92
🎟️ Monthly ticket local transport
$11.3
$84
🚕 Taxi Ride, 8 km or 5 mi
$3.83
$28.5
 Gas / Petrol, 1 L or 0.26 gal
$0.93
$2.15
Groceries
🥛 Milk, 1 L or 1 qt
$1.08
$2.02
🍞 Bread, 0.5 kg or 1.1 lb
$1.12
$4.05
🍚 Rice, 1 kg or 2.2 lb
$1.89
$3.33
🥚 Eggs, x12
$1.83
$6.99
🧀 Cheese, 1 kg or 2.2 lb
$7.43
$19.7
🐔 Chicken Breast, 1 kg or 2.2 lb
$10.3
$24.6
🥩 Round Steak, 1 kg or 2.2 lb
$9.44
$44
🍏 Apples, 1 kg or 2.2 lb
$4.99
$3.27
🍌 Banana, 1 kg or 2.2 lb
$0.74
$2.65
🍊 Oranges, 1 kg or 2.2 lb
$2.21
$3.11
🍅 Tomato, 1 kg or 2.2 lb
$0.69
$5.77
🥔 Potato, 1 kg or 2.2 lb
$0.5
$3.57
🧅 Onion, 1 kg or 2.2 lb
$1.48
$1.78
🌊 Water, 1 L or 1 qt
$0.43
$1.16
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$0.55
$2.99
🍾 Wine (mid-priced), 750 mL bottle
$5.35
$22.3
🍺 Beer, 0.5 L or 16 fl oz
$0.72
$3.72
🚬 Cigarette pack
$5.83
$13.5
💊 Cold medicince, 1 week
$2.37
$11.6
🧴 Hair Shampoo
$0.94
$5.79
🧻 Toilet paper, 4 rolls
$0.4
$5.16
👄 Toothpaste, 1 tube
$0.55
$3.61
Other
🏋️ Gym Membership, 1 month
$44.1
$84.3
🎫 Cinema Ticket, 1 person
$4.03
$18.3
👩‍⚕️ Doctor's visit
$127
$92.5
💇 Haircut, simple
$2.31
$47.3
👖 Brand Jeans
$35.2
$140
👟 Brand Sneakers
$82
$170
👶 Daycare or Preschool, 1 month
$118
$469
🏫 International Primary School, 1 year
$30081
$30026

Cost of living in other countries

Cost of living

More countries to compare

Cost of Living in Popular cities

In Ethiopia

City Cost of living Population
Addis Ababa
$1148
5.7M
Gondar
$923
324K
Mekelle
$748
324K
Awasa
$910
300K
Dire Dawa
$1050
277K
Bahir Dar
$800
243K
Dessie
$931
188K
Jimma
$746
178K
Harar
$1050
157K
Jijiga
$1045
126K

In Iceland

City Cost of living Population
Reykjavik
$3205
139K
Kopavogur
$3092
40K
Hafnarfjorur
$3106
31.5K
Akureyri
$2921
20.1K
Keflavik
$2581
23.3K