Cost of Living Comparison Between Iceland and Singapore 
| Indices Difference |  |
|---|---|
| Cost of Living in Singapore is 9.2% lower than in Iceland (without rent) | |
| Cost of Living Including Rent in Singapore is 8.5% higher than in Iceland | |
| Rent Prices in Singapore are 51.5% higher than in Iceland | |
| Restaurant Prices in Singapore are 45.4% lower than in Iceland | |
| Groceries Prices in Singapore are 24.4% lower than in Iceland | |
| Local Purchasing Power in Singapore is 16.5% lower than in Iceland | |
Restaurants | Iceland Edit |
Singapore Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
3,000.00 kr (30.58 S$) |
1,373.42 kr (14.00 S$) |
-54.2 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
18,000.00 kr (183.48 S$) |
9,810.11 kr (100.00 S$) |
-45.5 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
2,500.00 kr (25.48 S$) |
981.01 kr (10.00 S$) |
-60.8 % |
| Domestic Beer (1 pint draught) |
1,500.00 kr (15.29 S$) |
981.01 kr (10.00 S$) |
-34.6 % |
| Imported Beer (12 oz small bottle) |
1,300.00 kr (13.25 S$) |
1,079.11 kr (11.00 S$) |
-17.0 % |
| Cappuccino (regular) |
749.67 kr (7.64 S$) |
607.80 kr (6.20 S$) |
-18.9 % |
| Coke/Pepsi (12 oz small bottle) |
413.44 kr (4.21 S$) |
217.12 kr (2.21 S$) |
-47.5 % |
| Water (12 oz small bottle) |
330.56 kr (3.37 S$) |
156.65 kr (1.60 S$) |
-52.6 % |
Markets | Iceland Edit |
Singapore Edit | |
| Milk (regular), (1 gallon) |
876.70 kr (8.94 S$) |
1,387.60 kr (14.14 S$) |
+58.3 % |
| Loaf of Fresh White Bread (1 lb) |
461.85 kr (4.71 S$) |
260.80 kr (2.66 S$) |
-43.5 % |
| Rice (white), (1 lb) |
197.27 kr (2.01 S$) |
163.36 kr (1.67 S$) |
-17.2 % |
| Eggs (regular) (12) |
806.59 kr (8.22 S$) |
423.88 kr (4.32 S$) |
-47.4 % |
| Local Cheese (1 lb) |
1,016.48 kr (10.36 S$) |
1,028.98 kr (10.49 S$) |
+1.2 % |
| Chicken Fillets (1 lb) |
1,328.49 kr (13.54 S$) |
630.09 kr (6.42 S$) |
-52.6 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
2,382.84 kr (24.29 S$) |
1,236.31 kr (12.60 S$) |
-48.1 % |
| Apples (1 lb) |
174.20 kr (1.78 S$) |
254.97 kr (2.60 S$) |
+46.4 % |
| Banana (1 lb) |
139.94 kr (1.43 S$) |
175.62 kr (1.79 S$) |
+25.5 % |
| Oranges (1 lb) |
164.96 kr (1.68 S$) |
249.60 kr (2.54 S$) |
+51.3 % |
| Tomato (1 lb) |
294.68 kr (3.00 S$) |
162.80 kr (1.66 S$) |
-44.8 % |
| Potato (1 lb) |
205.46 kr (2.09 S$) |
135.80 kr (1.38 S$) |
-33.9 % |
| Onion (1 lb) |
126.38 kr (1.29 S$) |
124.00 kr (1.26 S$) |
-1.9 % |
| Lettuce (1 head) |
424.75 kr (4.33 S$) |
233.10 kr (2.38 S$) |
-45.1 % |
| Water (1.5 liter bottle) |
293.00 kr (2.99 S$) |
189.00 kr (1.93 S$) |
-35.5 % |
| Bottle of Wine (Mid-Range) |
3,000.00 kr (30.58 S$) |
2,943.03 kr (30.00 S$) |
-1.9 % |
| Domestic Beer (0.5 liter bottle) |
459.45 kr (4.68 S$) |
530.59 kr (5.41 S$) |
+15.5 % |
| Imported Beer (12 oz small bottle) |
383.18 kr (3.91 S$) |
680.96 kr (6.94 S$) |
+77.7 % |
| Cigarettes 20 Pack (Marlboro) |
1,725.00 kr (17.58 S$) |
1,633.38 kr (16.65 S$) |
-5.3 % |
Transportation | Iceland Edit |
Singapore Edit | |
| One-way Ticket (Local Transport) |
640.00 kr (6.52 S$) |
196.20 kr (2.00 S$) |
-69.3 % |
| Monthly Pass (Regular Price) |
10,400.00 kr (106.01 S$) |
11,772.13 kr (120.00 S$) |
+13.2 % |
| Taxi Start (Normal Tariff) |
790.00 kr (8.05 S$) |
451.26 kr (4.60 S$) |
-42.9 % |
| Taxi 1 mile (Normal Tariff) |
521.43 kr (5.32 S$) |
157.88 kr (1.61 S$) |
-69.7 % |
| Taxi 1hour Waiting (Normal Tariff) |
10,620.00 kr (108.26 S$) |
2,050.31 kr (20.90 S$) |
-80.7 % |
| Gasoline (1 gallon) |
1,182.00 kr (12.05 S$) |
1,064.93 kr (10.86 S$) |
-9.9 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
5,890,000.00 kr (60,040.12 S$) |
17,658,193.86 kr (180,000.00 S$) |
+199.8 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
6,666,666.67 kr (67,957.12 S$) |
15,660,738.21 kr (159,638.80 S$) |
+134.9 % |
Utilities (Monthly) | Iceland Edit |
Singapore Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
10,924.64 kr (111.36 S$) |
20,689.44 kr (210.90 S$) |
+89.4 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
3,427.78 kr (34.94 S$) |
2,271.55 kr (23.16 S$) |
-33.7 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
10,263.65 kr (104.62 S$) |
4,522.98 kr (46.11 S$) |
-55.9 % |
Sports And Leisure | Iceland Edit |
Singapore Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
10,002.92 kr (101.97 S$) |
14,149.79 kr (144.24 S$) |
+41.5 % |
| Tennis Court Rent (1 Hour on Weekend) |
5,271.43 kr (53.73 S$) |
1,545.73 kr (15.76 S$) |
-70.7 % |
| Cinema, International Release, 1 Seat |
2,190.00 kr (22.32 S$) |
1,471.52 kr (15.00 S$) |
-32.8 % |
Childcare | Iceland Edit |
Singapore Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
42,475.25 kr (432.97 S$) |
148,488.59 kr (1,513.63 S$) |
+249.6 % |
| International Primary School, Yearly for 1 Child |
3,744,295.00 kr (38,167.73 S$) |
3,614,436.08 kr (36,844.00 S$) |
-3.5 % |
Clothing And Shoes | Iceland Edit |
Singapore Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
17,778.42 kr (181.23 S$) |
9,781.73 kr (99.71 S$) |
-45.0 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
7,831.11 kr (79.83 S$) |
5,551.08 kr (56.59 S$) |
-29.1 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
22,042.86 kr (224.70 S$) |
13,161.66 kr (134.16 S$) |
-40.3 % |
| 1 Pair of Men Leather Business Shoes |
31,233.82 kr (318.38 S$) |
14,943.74 kr (152.33 S$) |
-52.2 % |
Rent Per Month | Iceland Edit |
Singapore Edit | |
| Apartment (1 bedroom) in City Centre |
277,291.67 kr (2,826.59 S$) |
390,068.57 kr (3,976.19 S$) |
+40.7 % |
| Apartment (1 bedroom) Outside of Centre |
249,310.34 kr (2,541.36 S$) |
276,508.15 kr (2,818.60 S$) |
+10.9 % |
| Apartment (3 bedrooms) in City Centre |
393,961.54 kr (4,015.87 S$) |
763,679.15 kr (7,784.62 S$) |
+93.8 % |
| Apartment (3 bedrooms) Outside of Centre |
338,074.07 kr (3,446.18 S$) |
476,090.53 kr (4,853.06 S$) |
+40.8 % |
Buy Apartment Price | Iceland Edit |
Singapore Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
85,617.11 kr (872.74 S$) |
269,787.35 kr (2,750.10 S$) |
+215.1 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
72,524.16 kr (739.28 S$) |
176,384.08 kr (1,797.98 S$) |
+143.2 % |
Salaries And Financing | Iceland Edit |
Singapore Edit | |
| Average Monthly Net Salary (After Tax) |
556,090.69 kr (5,668.55 S$) |
503,686.84 kr (5,134.37 S$) |
-9.4 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 9.72 | 3.24 | -66.6 % |
| Last update: | March 2025 | March 2025 | |
| Contributors in the past 12 months: | 143 | 386 |
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