Statement:
In China the cost of living is lower than in Iceland

In the Cost of Living rating China holds position #79 2012 out of 90 and Iceland is #10 out of 90 2012.
Position of China is better than position of Iceland.
Iceland is leader of the "Cost of Living" rating. Living in Iceland is really expensive, compared to China

Referencies:

  1. Cost of Living 2022 by Numbeo
    The countries in the rating sorted by 'Cost of Living Index' in descending order.
    China 'Cost of Living Index' value is 40.31
    Iceland 'Cost of Living Index' value is 86.59
  2. Cost of Living 2021 by Numbeo
    The countries in the rating sorted by 'Cost of Living Index' in descending order.
    China 'Cost of Living Index' value is 41.31
    Iceland 'Cost of Living Index' value is 99.67
  3. Cost of Living 2020 by Numbeo
    The countries in the rating sorted by 'Cost of Living Index' in descending order.
    China 'Cost of Living Index' value is 39.51
    Iceland 'Cost of Living Index' value is 90.19
  4. Cost of Living 2019 by Numbeo
    The countries in the rating sorted by 'Cost of Living Index' in descending order.
    China 'Cost of Living Index' value is 40.54
    Iceland 'Cost of Living Index' value is 97.22
  5. Cost of Living 2018 by Numbeo
    The countries in the rating sorted by 'Cost of Living Index' in descending order.
    China 'Cost of Living Index' value is 40.34
    Iceland 'Cost of Living Index' value is 112.64
  6. Cost of Living 2017 by Numbeo
    The countries in the rating sorted by 'Cost of Living Index' in descending order.
    China 'Cost of Living Index' value is 45.78
    Iceland 'Cost of Living Index' value is 130.79
  7. Cost of Living 2016 by Numbeo
    The countries in the rating sorted by 'Cost of Living Index' in descending order.
    China 'Cost of Living Index' value is 45.71
    Iceland 'Cost of Living Index' value is 99.68
  8. Cost of Living 2015 by Numbeo
    The countries in the rating sorted by 'Cost of Living Index' in descending order.
    China 'Cost of Living Index' value is 46.83
    Iceland 'Cost of Living Index' value is 95.41
  9. Cost of Living 2014 by Numbeo
    The countries in the rating sorted by 'Cost of Living Index' in descending order.
    China 'Cost of Living Index' value is 52.64
    Iceland 'Cost of Living Index' value is 113.58
  10. Cost of Living 2013 by Numbeo
    The countries in the rating sorted by 'Cost of Living Index' in descending order.
    China 'Cost of Living Index' value is 61.75
    Iceland 'Cost of Living Index' value is 112.43
  11. Cost of Living 2012 by Numbeo
    The countries in the rating sorted by 'Cost of Living Index' in descending order.
    China 'Cost of Living Index' value is 48.82
    Iceland 'Cost of Living Index' value is 103.60