Iceland vs Montenegro - Cost of Living Comparison

Updated:

Livingcost

Iceland Montenegro
🚶 Cost of living one person
$2518
$972
👨‍👩‍👧‍👦 Cost of living Family
$5339
$2407
🏠 One person rent
$1478
$524
🏘️ Family rent
$2369
$1023
🍽️ Food expenses
$761
$322
🚐 Transport expenses
$83.9
$35.5
💳 Monthly salary after tax
$3501
$830
💸 GDP per capita
$73467
$10093
😃 Human freedom index
8.73
7.8
❤️ Life expectancy
83.1
73.8
👮 Corruption perceptions index
72
46
🌐 English speaking %
98%
26%
🎓 Higher education
81
62
😀 Quality of life
92
59
🏙️ Population
364K
622K

The average cost of living in Iceland ($2518) is 159% more expensive than in Montenegro ($972). Iceland ranked 5th vs 85th for Montenegro in the list of the most expensive countries in the world.

The average after-tax salary is enough to cover living expenses for 1.4 months in Iceland compared to 0.9 months in Montenegro. Ranked 10th and 64th best countries to live in the world.

Salary adjustment calculator
the estimated difference in money purchasing power

Cost of living in Iceland vs Montenegro infographic

Share this infographic!

Prices in Iceland vs Montenegro

We calculate prices for Iceland and Montenegro as a population-weighted mean of 5 and 9 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.

Iceland Montenegro
Eating Out
🍱 Lunch Menu
$20.7
$8.32
🥂 Dinner in a Restaurant, for 2
$114
$38.8
🥪 Fast food meal, equiv. McDonald's
$16.8
$6.5
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$10.2
$2.63
 Cappuccino
$4.88
$1.97
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$2.72
$2.07
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$1510
$515
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$1318
$402
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$2409
$1052
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$2171
$841
🔌 Utility Bill one person, electricity, heating, water, etc.
$53.6
$71.9
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$82.3
$110
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$68.4
$28
🏦 Mortgage Interest Rate for 20 Years
6.82%
6.03%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$5442
$2229
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$4321
$1647
Transportation
🚌 Local transport ticket
$4.09
$1.11
🎟️ Monthly ticket local transport
$66.7
$33.5
🚕 Taxi Ride, 8 km or 5 mi
$26.1
$7.99
 Gas / Petrol, 1 L or 0.26 gal
$2.25
$1.62
Groceries
🥛 Milk, 1 L or 1 qt
$1.62
$1.45
🍞 Bread, 0.5 kg or 1.1 lb
$3.64
$0.9
🍚 Rice, 1 kg or 2.2 lb
$3.19
$2.1
🥚 Eggs, x12
$5.89
$2.9
🧀 Cheese, 1 kg or 2.2 lb
$14.9
$7.81
🐔 Chicken Breast, 1 kg or 2.2 lb
$18.5
$7.25
🥩 Round Steak, 1 kg or 2.2 lb
$29.5
$10.6
🍏 Apples, 1 kg or 2.2 lb
$2.99
$1.17
🍌 Banana, 1 kg or 2.2 lb
$2.16
$1.8
🍊 Oranges, 1 kg or 2.2 lb
$2.74
$1.38
🍅 Tomato, 1 kg or 2.2 lb
$4.51
$2.42
🥔 Potato, 1 kg or 2.2 lb
$2.86
$0.97
🧅 Onion, 1 kg or 2.2 lb
$1.83
$1.19
🌊 Water, 1 L or 1 qt
$1.33
$0.49
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$2.53
$2.03
🍾 Wine (mid-priced), 750 mL bottle
$19.4
$5.7
🍺 Beer, 0.5 L or 16 fl oz
$3.03
$1.02
🚬 Cigarette pack
$11.7
$3.78
💊 Cold medicince, 1 week
$11.6
$8.16
🧴 Hair Shampoo
$5.23
$3.57
🧻 Toilet paper, 4 rolls
$4.66
$1.68
👄 Toothpaste, 1 tube
$3.24
$2.45
Other
🏋️ Gym Membership, 1 month
$62
$35.8
🎫 Cinema Ticket, 1 person
$14.4
$5.44
👩‍⚕️ Doctor's visit
$82.9
$30.5
💇 Haircut, simple
$37.3
$6.28
👖 Brand Jeans
$106
$72.5
👟 Brand Sneakers
$144
$97.3
👶 Daycare or Preschool, 1 month
$245
$246
🏫 International Primary School, 1 year
$6038
$7356

Cost of living in other countries

Cost of living

Cities Comparison in Iceland vs Montenegro

More countries to compare

Cost of Living in Popular cities

In Iceland

City Cost of living Population
Reykjavik
$2723
140K
Kopavogur
$2304
39.8K
Hafnarfjorur
$2460
30.6K
Akureyri
$2011
19.9K
Keflavik
$2023
16.5K

In Montenegro

City Cost of living Population
Podgorica
$945
151K
Ulcinj
$989
19.9K
Budva
$1116
19.2K
Plav
$1004
13.8K
Kotor
$1040
12.6K
Bar
$1013
13.7K
Cetinje
$816
14K
Mojkovac
$1030
10.1K
Berane
$1028
11.8K