Cost of living comparison

 Athens, Greece
compared to
 Keflavik, Iceland
Keflavik vs. Athens Cost of Living Summary

Keflavik is 45.6% more expensive than Athens.

Restaurants
pay 2.0 times more in Keflavik
Groceries
pay 48.1% more in Keflavik
Transportation
pay 76.4% more in Keflavik
Housing
pay 51.0% more in Keflavik
Childcare
pay 44.9% less in Keflavik
Entertainment and Sports
pay 42.7% more in Keflavik
Clothing
pay 41.0% more in Keflavik

The cost of restaurants, transportation, housing, groceries, entertainment and sports, and clothing in Keflavik are more expensive than in Athens. Notably, restaurants and transportation are significantly more expensive in Keflavik.

Keflavik vs. Athens Cost Breakdown

If you lived in Keflavik instead of Athens, you would:

pay 2.0 times more for restaurants

 
Athens
Keflavik
Basic meal with drink at inexpensive restaurant $16.08
€13.65
$20.00
ISK2,418
Fast food combo meal
McDonalds, or similar
$9.65
€8.19
$15.10
ISK1,826
Bottle of Coca-Cola (11 fl. oz) $2.06
€1.75
$2.88
ISK349

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pay 48.1% more for groceries

 
Athens
Keflavik
Bread
1 loaf
$1.27
€1.08
$3.61
ISK437
Local cheese (8 oz) $6.59
€5.60
$7.76
ISK938
Milk (1 gallon) $6.29
€5.34
$6.40
ISK774

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pay 76.4% more for transportation

 
Athens
Keflavik
Gasoline (1 gallon) $7.64
€6.48
$8.49
ISK1,027
Monthly public transit pass $30.01
€25.48
$80.36
ISK9,718
New Volkswagen Golf 1.4 (standard edition) $30,384.48
€25,796.18
$42,450.45
ISK5,133,533

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pay 51.0% more for housing

 
Athens
Keflavik
Internet connection
50 mbps or faster, cable/dsl
$32.55
€27.63
$64.86
ISK7,844
1-Bedroom apartment in downtown area $634.68
€538.84
$1,345.35
ISK162,693
1-Bedroom apartment outside city center $557.32
€473.16
$960.96
ISK116,209

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pay 44.9% less for childcare

 
Athens
Keflavik
Private preschool for 1 child, monthly $463.20
€393.25
$252.14
ISK30,491
Middle school for 1 child, two semesters $10,722.29
€9,103.14
$5,993.99
ISK724,854

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pay 42.7% more for entertainment and sports

 
Athens
Keflavik
Domestic/local beer (1 pint) $5.36
€4.55
$7.57
ISK915
Cappuccino in mid-range area $3.71
€3.15
$3.57
ISK431
Pack of cigarettes
Marlboro or similar
$4.88
€4.14
$10.77
ISK1,303

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pay 41.0% more for clothing

 
Athens
Keflavik
Regular jeans
Levi's brand
$86.11
€73.11
$108.97
ISK13,178
Regular dress
from H&M or similar store
$38.32
€32.54
$49.72
ISK6,013
Running shoes
Nike or Adidas
$93.75
€79.60
$151.85
ISK18,364

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The statistics used to build this comparison are calculated using data from users just like you. We average the price of thousands of data points entered by users across the world. Learn more about our data sources. Page last updated: July 2025
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See the cost of living in Greece vs. Iceland. This provides a comparison of the average cost of living from cities within Greece and Iceland.

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