Iceland vs Myanmar - Cost of Living Comparison

Updated:

Livingcost

Iceland Myanmar
🚶 Cost of living one person
$2828
$694
👨‍👩‍👧‍👦 Cost of living Family
$5680
$2070
🏠 One person rent
$1717
$303
🏘️ Family rent
$2549
$807
🍽️ Food expenses
$808
$243
🚐 Transport expenses
$86.4
$78.9
💳 Monthly salary after tax
$3932
$305
💸 GDP per capita
$79637
$1233
😃 Human freedom index
8.8
3.97
❤️ Life expectancy
82.2
67.3
👮 Corruption perceptions index
77
16
🌐 English speaking %
98%
4.5%
🎓 Higher education
81
19
😀 Quality of life
92
20
🏙️ Population
364K
53.4M

The average cost of living in Iceland ($2828) is 308% more expensive than in Myanmar ($694). Iceland ranked 5th vs 140th for Myanmar 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 0.4 months in Myanmar. Ranked 7th and 167th best countries to live in the world.

Salary adjustment calculator
the estimated difference in money purchasing power

Cost of living in Iceland vs Myanmar infographic

Share this infographic!

Prices in Iceland vs Myanmar

We calculate prices for Iceland and Myanmar as a population-weighted mean of 5 and 12 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 Myanmar
Eating Out
🍱 Lunch Menu
$21.6
$2.16
🥂 Dinner in a Restaurant, for 2
$124
$15.2
🥪 Fast food meal, equiv. McDonald's
$18
$5.66
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$10.1
$1.01
 Cappuccino
$5.09
$1.9
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$2.8
$0.73
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$1778
$539
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$1557
$163
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$2758
$909
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$2322
$679
🔌 Utility Bill one person, electricity, heating, water, etc.
$44.1
$29.3
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$67.7
$45.4
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$71.6
$36
🏦 Mortgage Interest Rate for 20 Years
9.41%
9.69%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$6265
$1475
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$5556
$1024
Transportation
🚌 Local transport ticket
$4.36
$0.48
🎟️ Monthly ticket local transport
$72.2
$9.86
🚕 Taxi Ride, 8 km or 5 mi
$26.1
$11.6
 Gas / Petrol, 1 L or 0.26 gal
$2.24
$0.99
Groceries
🥛 Milk, 1 L or 1 qt
$1.71
$1.64
🍞 Bread, 0.5 kg or 1.1 lb
$3.65
$0.95
🍚 Rice, 1 kg or 2.2 lb
$3.1
$1.38
🥚 Eggs, x12
$5.9
$1.86
🧀 Cheese, 1 kg or 2.2 lb
$15.9
$8.21
🐔 Chicken Breast, 1 kg or 2.2 lb
$20.8
$5.86
🥩 Round Steak, 1 kg or 2.2 lb
$37.2
$9.09
🍏 Apples, 1 kg or 2.2 lb
$2.84
$4.95
🍌 Banana, 1 kg or 2.2 lb
$2.24
$1.06
🍊 Oranges, 1 kg or 2.2 lb
$2.66
$2.32
🍅 Tomato, 1 kg or 2.2 lb
$4.59
$2.79
🥔 Potato, 1 kg or 2.2 lb
$3.21
$2.23
🧅 Onion, 1 kg or 2.2 lb
$2.08
$1.41
🌊 Water, 1 L or 1 qt
$1.36
$0.2
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$2.68
$0.72
🍾 Wine (mid-priced), 750 mL bottle
$20.7
$9.5
🍺 Beer, 0.5 L or 16 fl oz
$3.26
$0.92
🚬 Cigarette pack
$12.3
$1.65
💊 Cold medicince, 1 week
$10.5
$1.3
🧴 Hair Shampoo
$5.22
$3.52
🧻 Toilet paper, 4 rolls
$4.58
$1.26
👄 Toothpaste, 1 tube
$3.22
$1.63
Other
🏋️ Gym Membership, 1 month
$70
$42.6
🎫 Cinema Ticket, 1 person
$15.1
$3.29
👩‍⚕️ Doctor's visit
$82.3
$13.4
💇 Haircut, simple
$45.6
$2.57
👖 Brand Jeans
$128
$59
👟 Brand Sneakers
$158
$88.2
👶 Daycare or Preschool, 1 month
$282
$325
🏫 International Primary School, 1 year
$2527
$12264

Cost of living in other countries

Cost of living

More countries to compare

Cost of Living in Popular cities

In Iceland

City Cost of living Population
Reykjavik
$2938
140K
Kopavogur
$2802
39.8K
Hafnarfjorur
$2817
30.6K
Akureyri
$2678
19.9K
Keflavik
$2355
23.3K

In Myanmar

City Cost of living Population
Yangon
$705
6.87M
Mandalay
$710
1.23M
Naypyidaw
$701
1.16M
Hpa-an
$610
422K
Bago
$650
284K
Pathein
$778
287K
Taunggyi
$660
265K
Myitkyina
$683
243K
Mawlamyine
$569
254K
Monywa
$661
207K
Myeik
$576
222K
Sittwe
$678
101K