Iceland vs Nicaragua - Cost of Living Comparison

Updated:

Livingcost

Iceland Nicaragua
🚶 Cost of living one person
$2685
$699
👨‍👩‍👧‍👦 Cost of living Family
$5605
$1646
🏠 One person rent
$1593
$295
🏘️ Family rent
$2495
$454
🍽️ Food expenses
$794
$287
🚐 Transport expenses
$85.7
$46.8
💳 Monthly salary after tax
$3865
$348
💸 GDP per capita
$78811
$2530
😃 Human freedom index
8.73
5.48
❤️ Life expectancy
82.2
74.6
👮 Corruption perceptions index
72
17
🌐 English speaking %
98%
1%
🎓 Higher education
81
29
😀 Quality of life
92
26
🏙️ Population
364K
5.14M

The average cost of living in Iceland ($2685) is 284% more expensive than in Nicaragua ($699). Iceland ranked 5th vs 139th for Nicaragua 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 0.5 months in Nicaragua. Ranked 11th and 154th best countries to live in the world.

Salary adjustment calculator
the estimated difference in money purchasing power

Cost of living in Iceland vs Nicaragua infographic

Share this infographic!

Prices in Iceland vs Nicaragua

We calculate prices for Iceland and Nicaragua as a population-weighted mean of 5 and 10 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 Nicaragua
Eating Out
🍱 Lunch Menu
$22.1
$5.59
🥂 Dinner in a Restaurant, for 2
$115
$20.3
🥪 Fast food meal, equiv. McDonald's
$18.3
$6.35
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$10.4
$1.29
 Cappuccino
$5.1
$2.41
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$2.95
$0.79
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$1639
$264
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$1432
$205
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$2535
$428
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$2304
$336
🔌 Utility Bill one person, electricity, heating, water, etc.
$46.2
$36.7
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$71.2
$56.7
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$73.9
$42.2
🏦 Mortgage Interest Rate for 20 Years
7.22%
10.51%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$5677
$1131
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$4632
$923
Transportation
🚌 Local transport ticket
$4.47
$0.44
🎟️ Monthly ticket local transport
$74.2
$24.1
🚕 Taxi Ride, 8 km or 5 mi
$24.9
$6.88
 Gas / Petrol, 1 L or 0.26 gal
$2.28
$1.29
Groceries
🥛 Milk, 1 L or 1 qt
$1.67
$1.01
🍞 Bread, 0.5 kg or 1.1 lb
$3.6
$1.24
🍚 Rice, 1 kg or 2.2 lb
$3.11
$1.22
🥚 Eggs, x12
$5.77
$1.82
🧀 Cheese, 1 kg or 2.2 lb
$15.4
$4.35
🐔 Chicken Breast, 1 kg or 2.2 lb
$19.7
$4.55
🥩 Round Steak, 1 kg or 2.2 lb
$33.9
$8.27
🍏 Apples, 1 kg or 2.2 lb
$2.88
$5.02
🍌 Banana, 1 kg or 2.2 lb
$2.31
$1.53
🍊 Oranges, 1 kg or 2.2 lb
$2.69
$3.24
🍅 Tomato, 1 kg or 2.2 lb
$4.65
$1.48
🥔 Potato, 1 kg or 2.2 lb
$2.99
$2.43
🧅 Onion, 1 kg or 2.2 lb
$1.84
$1.8
🌊 Water, 1 L or 1 qt
$1.28
$0.77
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$2.74
$1.21
🍾 Wine (mid-priced), 750 mL bottle
$21.3
$10.2
🍺 Beer, 0.5 L or 16 fl oz
$3.27
$1.23
🚬 Cigarette pack
$12
$2.79
💊 Cold medicince, 1 week
$11.6
$5.52
🧴 Hair Shampoo
$5.35
$3.98
🧻 Toilet paper, 4 rolls
$4.7
$2.57
👄 Toothpaste, 1 tube
$3.32
$1.71
Other
🏋️ Gym Membership, 1 month
$67.9
$25.4
🎫 Cinema Ticket, 1 person
$14.9
$5.08
👩‍⚕️ Doctor's visit
$84.3
$24.9
💇 Haircut, simple
$47.3
$4.29
👖 Brand Jeans
$113
$52.6
👟 Brand Sneakers
$152
$72
👶 Daycare or Preschool, 1 month
$257
$110
🏫 International Primary School, 1 year
$6163
$6201

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
$2915
140K
Kopavogur
$2371
39.8K
Hafnarfjorur
$2602
30.6K
Akureyri
$2300
19.9K
Keflavik
$2091
15.9K

In Nicaragua

City Cost of living Population
Managua
$774
937K
Leon
$639
174K
Masaya
$712
140K
Chinandega
$638
122K
Esteli
$593
112K
Matagalpa
$550
133K
Jinotega
$457
99.4K
Granada
$697
105K
Juigalpa
$664
51.8K
San Juan del Sur
$890
14.7K