Iceland vs North Macedonia - Cost of Living Comparison

Updated:

Livingcost

Iceland North Macedonia
🚶 Cost of living one person
$2685
$699
👨‍👩‍👧‍👦 Cost of living Family
$5605
$1664
🏠 One person rent
$1593
$324
🏘️ Family rent
$2495
$534
🍽️ Food expenses
$794
$260
🚐 Transport expenses
$85.7
$40.1
💳 Monthly salary after tax
$3865
$639
💸 GDP per capita
$78811
$8146
😃 Human freedom index
8.73
7.64
❤️ Life expectancy
82.2
74.4
👮 Corruption perceptions index
72
42
🌐 English speaking %
98%
5%
🎓 Higher education
81
66
😀 Quality of life
92
53
🏙️ Population
364K
1.84M

The average cost of living in Iceland ($2685) is 284% more expensive than in North Macedonia ($699). Iceland ranked 5th vs 138th for North Macedonia 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 North Macedonia. Ranked 11th and 75th best countries to live in the world.

Salary adjustment calculator
the estimated difference in money purchasing power

Cost of living in Iceland vs North Macedonia infographic

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Prices in Iceland vs North Macedonia

We calculate prices for Iceland and North Macedonia 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 North Macedonia
Eating Out
🍱 Lunch Menu
$22.1
$5.8
🥂 Dinner in a Restaurant, for 2
$115
$26.8
🥪 Fast food meal, equiv. McDonald's
$18.3
$4.91
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$10.4
$1.98
 Cappuccino
$5.1
$1.79
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$2.95
$1.63
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$1639
$279
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$1432
$205
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$2535
$495
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$2304
$355
🔌 Utility Bill one person, electricity, heating, water, etc.
$46.2
$86.1
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$71.2
$133
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$73.9
$18.2
🏦 Mortgage Interest Rate for 20 Years
7.22%
5.08%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$5677
$1783
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$4632
$1302
Transportation
🚌 Local transport ticket
$4.47
$0.67
🎟️ Monthly ticket local transport
$74.2
$24.4
🚕 Taxi Ride, 8 km or 5 mi
$24.9
$5.86
 Gas / Petrol, 1 L or 0.26 gal
$2.28
$1.48
Groceries
🥛 Milk, 1 L or 1 qt
$1.67
$1.25
🍞 Bread, 0.5 kg or 1.1 lb
$3.6
$0.7
🍚 Rice, 1 kg or 2.2 lb
$3.11
$1.53
🥚 Eggs, x12
$5.77
$2.17
🧀 Cheese, 1 kg or 2.2 lb
$15.4
$7.86
🐔 Chicken Breast, 1 kg or 2.2 lb
$19.7
$7.54
🥩 Round Steak, 1 kg or 2.2 lb
$33.9
$11.8
🍏 Apples, 1 kg or 2.2 lb
$2.88
$0.93
🍌 Banana, 1 kg or 2.2 lb
$2.31
$1.37
🍊 Oranges, 1 kg or 2.2 lb
$2.69
$1.22
🍅 Tomato, 1 kg or 2.2 lb
$4.65
$1.69
🥔 Potato, 1 kg or 2.2 lb
$2.99
$0.87
🧅 Onion, 1 kg or 2.2 lb
$1.84
$0.99
🌊 Water, 1 L or 1 qt
$1.28
$0.35
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$2.74
$1.39
🍾 Wine (mid-priced), 750 mL bottle
$21.3
$5.43
🍺 Beer, 0.5 L or 16 fl oz
$3.27
$1.01
🚬 Cigarette pack
$12
$2.87
💊 Cold medicince, 1 week
$11.6
$5.75
🧴 Hair Shampoo
$5.35
$3.7
🧻 Toilet paper, 4 rolls
$4.7
$1.14
👄 Toothpaste, 1 tube
$3.32
$1.83
Other
🏋️ Gym Membership, 1 month
$67.9
$29.5
🎫 Cinema Ticket, 1 person
$14.9
$5.47
👩‍⚕️ Doctor's visit
$84.3
$26.1
💇 Haircut, simple
$47.3
$4.25
👖 Brand Jeans
$113
$56.7
👟 Brand Sneakers
$152
$78.1
👶 Daycare or Preschool, 1 month
$257
$251
🏫 International Primary School, 1 year
$6163
$2927

Cost of living in other countries

Cost of living

Cities Comparison in Iceland vs North Macedonia

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 North Macedonia

City Cost of living Population
Skopje
$785
527K
Tetovo
$641
63.2K
Bitola
$685
69.3K
Kumanovo
$589
70.8K
Prilep
$545
63.3K
Veles
$549
40.7K
Ohrid
$645
38.8K
Stip
$571
42K
Kavadarci
$595
32K
Strumica
$529
33.8K