Cost of Living Comparison Between Singapore and Iceland 
| Indices Difference |  |
|---|---|
| Cost of Living in Iceland is 10.1% higher than in Singapore (without rent) | |
| Cost of Living Including Rent in Iceland is 7.8% lower than in Singapore | |
| Rent Prices in Iceland are 34.0% lower than in Singapore | |
| Restaurant Prices in Iceland are 83.3% higher than in Singapore | |
| Groceries Prices in Iceland are 32.2% higher than in Singapore | |
| Local Purchasing Power in Iceland is 19.8% higher than in Singapore | |
Restaurants | Singapore Edit |
Iceland Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
14.00 S$ (1,373.42 kr) |
30.58 S$ (3,000.00 kr) |
+118.4 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
100.00 S$ (9,810.11 kr) |
183.48 S$ (18,000.00 kr) |
+83.5 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
10.00 S$ (981.01 kr) |
25.48 S$ (2,500.00 kr) |
+154.8 % |
| Domestic Beer (1 pint draught) |
10.00 S$ (981.01 kr) |
15.29 S$ (1,500.00 kr) |
+52.9 % |
| Imported Beer (12 oz small bottle) |
11.00 S$ (1,079.11 kr) |
13.25 S$ (1,300.00 kr) |
+20.5 % |
| Cappuccino (regular) |
6.20 S$ (607.80 kr) |
7.64 S$ (749.67 kr) |
+23.3 % |
| Coke/Pepsi (12 oz small bottle) |
2.21 S$ (217.12 kr) |
4.21 S$ (413.44 kr) |
+90.4 % |
| Water (12 oz small bottle) |
1.60 S$ (156.65 kr) |
3.37 S$ (330.56 kr) |
+111.0 % |
Markets | Singapore Edit |
Iceland Edit | |
| Milk (regular), (1 gallon) |
14.14 S$ (1,387.60 kr) |
8.94 S$ (876.70 kr) |
-36.8 % |
| Loaf of Fresh White Bread (1 lb) |
2.66 S$ (260.80 kr) |
4.71 S$ (461.85 kr) |
+77.1 % |
| Rice (white), (1 lb) |
1.67 S$ (163.36 kr) |
2.01 S$ (197.27 kr) |
+20.8 % |
| Eggs (regular) (12) |
4.32 S$ (423.88 kr) |
8.22 S$ (806.59 kr) |
+90.3 % |
| Local Cheese (1 lb) |
10.49 S$ (1,028.98 kr) |
10.36 S$ (1,016.48 kr) |
-1.2 % |
| Chicken Fillets (1 lb) |
6.42 S$ (630.09 kr) |
13.54 S$ (1,328.49 kr) |
+110.8 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
12.60 S$ (1,236.31 kr) |
24.29 S$ (2,382.84 kr) |
+92.7 % |
| Apples (1 lb) |
2.60 S$ (254.97 kr) |
1.78 S$ (174.20 kr) |
-31.7 % |
| Banana (1 lb) |
1.79 S$ (175.62 kr) |
1.43 S$ (139.94 kr) |
-20.3 % |
| Oranges (1 lb) |
2.54 S$ (249.60 kr) |
1.68 S$ (164.96 kr) |
-33.9 % |
| Tomato (1 lb) |
1.66 S$ (162.80 kr) |
3.00 S$ (294.68 kr) |
+81.0 % |
| Potato (1 lb) |
1.38 S$ (135.80 kr) |
2.09 S$ (205.46 kr) |
+51.3 % |
| Onion (1 lb) |
1.26 S$ (124.00 kr) |
1.29 S$ (126.38 kr) |
+1.9 % |
| Lettuce (1 head) |
2.38 S$ (233.10 kr) |
4.33 S$ (424.75 kr) |
+82.2 % |
| Water (1.5 liter bottle) |
1.93 S$ (189.00 kr) |
2.99 S$ (293.00 kr) |
+55.0 % |
| Bottle of Wine (Mid-Range) |
30.00 S$ (2,943.03 kr) |
30.58 S$ (3,000.00 kr) |
+1.9 % |
| Domestic Beer (0.5 liter bottle) |
5.41 S$ (530.59 kr) |
4.68 S$ (459.45 kr) |
-13.4 % |
| Imported Beer (12 oz small bottle) |
6.94 S$ (680.96 kr) |
3.91 S$ (383.18 kr) |
-43.7 % |
| Cigarettes 20 Pack (Marlboro) |
16.65 S$ (1,633.38 kr) |
17.58 S$ (1,725.00 kr) |
+5.6 % |
Transportation | Singapore Edit |
Iceland Edit | |
| One-way Ticket (Local Transport) |
2.00 S$ (196.20 kr) |
6.52 S$ (640.00 kr) |
+226.2 % |
| Monthly Pass (Regular Price) |
120.00 S$ (11,772.13 kr) |
106.01 S$ (10,400.00 kr) |
-11.7 % |
| Taxi Start (Normal Tariff) |
4.60 S$ (451.26 kr) |
8.05 S$ (790.00 kr) |
+75.1 % |
| Taxi 1 mile (Normal Tariff) |
1.61 S$ (157.88 kr) |
5.32 S$ (521.43 kr) |
+230.3 % |
| Taxi 1hour Waiting (Normal Tariff) |
20.90 S$ (2,050.31 kr) |
108.26 S$ (10,620.00 kr) |
+418.0 % |
| Gasoline (1 gallon) |
10.86 S$ (1,064.93 kr) |
12.05 S$ (1,182.00 kr) |
+11.0 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
180,000.00 S$ (17,658,193.86 kr) |
60,040.12 S$ (5,890,000.00 kr) |
-66.6 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
159,638.80 S$ (15,660,738.21 kr) |
67,957.12 S$ (6,666,666.67 kr) |
-57.4 % |
Utilities (Monthly) | Singapore Edit |
Iceland Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
210.90 S$ (20,689.44 kr) |
111.36 S$ (10,924.64 kr) |
-47.2 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
23.16 S$ (2,271.55 kr) |
34.94 S$ (3,427.78 kr) |
+50.9 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
46.11 S$ (4,522.98 kr) |
104.62 S$ (10,263.65 kr) |
+126.9 % |
Sports And Leisure | Singapore Edit |
Iceland Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
144.24 S$ (14,149.79 kr) |
101.97 S$ (10,002.92 kr) |
-29.3 % |
| Tennis Court Rent (1 Hour on Weekend) |
15.76 S$ (1,545.73 kr) |
53.73 S$ (5,271.43 kr) |
+241.0 % |
| Cinema, International Release, 1 Seat |
15.00 S$ (1,471.52 kr) |
22.32 S$ (2,190.00 kr) |
+48.8 % |
Childcare | Singapore Edit |
Iceland Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
1,513.63 S$ (148,488.59 kr) |
432.97 S$ (42,475.25 kr) |
-71.4 % |
| International Primary School, Yearly for 1 Child |
36,844.00 S$ (3,614,436.08 kr) |
38,167.73 S$ (3,744,295.00 kr) |
+3.6 % |
Clothing And Shoes | Singapore Edit |
Iceland Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
99.71 S$ (9,781.73 kr) |
181.23 S$ (17,778.42 kr) |
+81.8 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
56.59 S$ (5,551.08 kr) |
79.83 S$ (7,831.11 kr) |
+41.1 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
134.16 S$ (13,161.66 kr) |
224.70 S$ (22,042.86 kr) |
+67.5 % |
| 1 Pair of Men Leather Business Shoes |
152.33 S$ (14,943.74 kr) |
318.38 S$ (31,233.82 kr) |
+109.0 % |
Rent Per Month | Singapore Edit |
Iceland Edit | |
| Apartment (1 bedroom) in City Centre |
3,976.19 S$ (390,068.57 kr) |
2,826.59 S$ (277,291.67 kr) |
-28.9 % |
| Apartment (1 bedroom) Outside of Centre |
2,818.60 S$ (276,508.15 kr) |
2,541.36 S$ (249,310.34 kr) |
-9.8 % |
| Apartment (3 bedrooms) in City Centre |
7,784.62 S$ (763,679.15 kr) |
4,015.87 S$ (393,961.54 kr) |
-48.4 % |
| Apartment (3 bedrooms) Outside of Centre |
4,853.06 S$ (476,090.53 kr) |
3,446.18 S$ (338,074.07 kr) |
-29.0 % |
Buy Apartment Price | Singapore Edit |
Iceland Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
2,750.10 S$ (269,787.35 kr) |
872.74 S$ (85,617.11 kr) |
-68.3 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
1,797.98 S$ (176,384.08 kr) |
739.28 S$ (72,524.16 kr) |
-58.9 % |
Salaries And Financing | Singapore Edit |
Iceland Edit | |
| Average Monthly Net Salary (After Tax) |
5,134.37 S$ (503,686.84 kr) |
5,668.55 S$ (556,090.69 kr) |
+10.4 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 3.24 | 9.72 | +199.8 % |
| Last update: | March 2025 | March 2025 | |
| Contributors in the past 12 months: | 386 | 143 |
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