Iceland vs Papua New Guinea - Cost of Living Comparison

Updated:

Livingcost

Iceland Papua New Guinea
🚶 Cost of living one person
$2685
$553
👨‍👩‍👧‍👦 Cost of living Family
$5605
$1363
🏠 One person rent
$1593
$244
🏘️ Family rent
$2495
$445
🍽️ Food expenses
$794
$218
🚐 Transport expenses
$85.7
$33.1
💳 Monthly salary after tax
$3865
$421
💸 GDP per capita
$78811
$2994
😃 Human freedom index
8.73
6.88
❤️ Life expectancy
82.2
66
👮 Corruption perceptions index
72
29
🌐 English speaking %
98%
70.4%
🎓 Higher education
81
35
😀 Quality of life
92
38
🏙️ Population
364K
8.94M

The average cost of living in Iceland ($2685) is 386% more expensive than in Papua New Guinea ($553). Iceland ranked 5th vs 172nd for Papua New Guinea 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 0.8 months in Papua New Guinea. Ranked 11th and 122nd best countries to live in the world.

Salary adjustment calculator
the estimated difference in money purchasing power

Cost of living in Iceland vs Papua New Guinea infographic

Share this infographic!

Prices in Iceland vs Papua New Guinea

We calculate prices for Iceland and Papua New Guinea as a population-weighted mean of 5 and 2 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 Papua New Guinea
Eating Out
🍱 Lunch Menu
$22.1
$3.77
🥂 Dinner in a Restaurant, for 2
$115
$21.8
🥪 Fast food meal, equiv. McDonald's
$18.3
$4.92
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$10.4
$1.82
 Cappuccino
$5.1
$1.85
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$2.95
$0.63
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$1639
$235
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$1432
$163
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$2535
$480
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$2304
$327
🔌 Utility Bill one person, electricity, heating, water, etc.
$46.2
$40
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$71.2
$61.4
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$73.9
$26.6
🏦 Mortgage Interest Rate for 20 Years
7.22%
12.04%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$5677
$1464
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$4632
$868
Transportation
🚌 Local transport ticket
$4.47
$0.45
🎟️ Monthly ticket local transport
$74.2
$17.3
🚕 Taxi Ride, 8 km or 5 mi
$24.9
$7.07
 Gas / Petrol, 1 L or 0.26 gal
$2.28
$1.09
Groceries
🥛 Milk, 1 L or 1 qt
$1.67
$1.18
🍞 Bread, 0.5 kg or 1.1 lb
$3.6
$0.76
🍚 Rice, 1 kg or 2.2 lb
$3.11
$1.19
🥚 Eggs, x12
$5.77
$1.69
🧀 Cheese, 1 kg or 2.2 lb
$15.4
$7
🐔 Chicken Breast, 1 kg or 2.2 lb
$19.7
$4.38
🥩 Round Steak, 1 kg or 2.2 lb
$33.9
$7.13
🍏 Apples, 1 kg or 2.2 lb
$2.88
$2.18
🍌 Banana, 1 kg or 2.2 lb
$2.31
$1.27
🍊 Oranges, 1 kg or 2.2 lb
$2.69
$1.62
🍅 Tomato, 1 kg or 2.2 lb
$4.65
$1.11
🥔 Potato, 1 kg or 2.2 lb
$2.99
$0.95
🧅 Onion, 1 kg or 2.2 lb
$1.84
$1.05
🌊 Water, 1 L or 1 qt
$1.28
$0.37
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$2.74
$1.29
🍾 Wine (mid-priced), 750 mL bottle
$21.3
$7.65
🍺 Beer, 0.5 L or 16 fl oz
$3.27
$1.4
🚬 Cigarette pack
$12
$2.85
💊 Cold medicince, 1 week
$11.6
$3.89
🧴 Hair Shampoo
$5.35
$3.07
🧻 Toilet paper, 4 rolls
$4.7
$1.56
👄 Toothpaste, 1 tube
$3.32
$1.28
Other
🏋️ Gym Membership, 1 month
$67.9
$23.2
🎫 Cinema Ticket, 1 person
$14.9
$4.51
👩‍⚕️ Doctor's visit
$84.3
$18.6
💇 Haircut, simple
$47.3
$4.5
👖 Brand Jeans
$113
$32.1
👟 Brand Sneakers
$152
$67.2
👶 Daycare or Preschool, 1 month
$257
$128
🏫 International Primary School, 1 year
$6163
$3912

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 Papua New Guinea

City Cost of living Population
Port Moresby
$557
317K
Lae
$541
101K