Cost of living comparison
Iceland is 24.8% more expensive than Austria.
If you lived in Iceland instead of Austria, you would:
pay 15.0% more for restaurants
|
Austria
|
Iceland
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$15.38
€14.59
|
$19.40
ISK2,670
|
|
|
Fast food combo meal
McDonalds, or similar
|
$10.63
€10.08
|
$16.94
ISK2,332
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$3.11
€2.95
|
$2.81
ISK387
|
|
| Bottle of water (11 fl. oz) |
$2.40
€2.28
|
$2.02
ISK278
|
|
pay 11.4% more for groceries
|
Austria
|
Iceland
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$2.51
€2.38
|
$2.95
ISK407
|
|
| Local cheese (8 oz) |
$8.15
€7.73
|
$7.27
ISK1,000
|
|
| Milk (1 gallon) |
$5.62
€5.33
|
$6.01
ISK827
|
|
|
Eggs
1 dozen
|
$4.05
€3.84
|
$5.42
ISK746
|
|
| Boneless chicken breast (1 lb) |
$6.06
€5.75
|
$8.51
ISK1,171
|
|
| Apples (1 lb) |
$1.15
€1.09
|
$1.22
ISK168
|
|
| Bananas (1 lb) |
$0.97
€0.92
|
$1.03
ISK141
|
|
| Oranges (1 lb) |
$1.36
€1.29
|
$1.17
ISK161
|
|
| Tomatoes (1 lb) |
$1.88
€1.79
|
$1.87
ISK258
|
|
| Potatoes (1 lb) |
$0.87
€0.83
|
$1.23
ISK170
|
|
| Onions (1 lb) |
$0.80
€0.76
|
$0.78
ISK108
|
|
pay 34.9% more for transportation
|
Austria
|
Iceland
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$6.30
€5.98
|
$8.36
ISK1,151
|
|
| Monthly public transit pass |
$48.89
€46.36
|
$71.28
ISK9,812
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$26,790.93
€25,407.50
|
$40,660.66
ISK5,596,940
|
|
| Taxi trip in downtown area (5 miles) |
$20.20
€19.16
|
$22.04
ISK3,033
|
|
pay 63.5% more for housing
|
Austria
|
Iceland
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$36.05
€34.18
|
$72.17
ISK9,935
|
|
| 1-Bedroom apartment in downtown area |
$834.31
€791.23
|
$1,838.04
ISK253,006
|
|
| 1-Bedroom apartment outside city center |
$704.76
€668.37
|
$1,497.77
ISK206,168
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$275.88
€261.64
|
$58.01
ISK7,986
|
|
pay 49.2% less for childcare
|
Austria
|
Iceland
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$436.40
€413.87
|
$258.16
ISK35,536
|
|
| Middle school for 1 child, two semesters |
$14,173.71
€13,441.81
|
$5,993.99
ISK825,073
|
|
pay 50.6% more for entertainment and sports
|
Austria
|
Iceland
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$4.65
€4.41
|
$9.19
ISK1,265
|
|
| Cappuccino in mid-range area |
$3.63
€3.44
|
$4.65
ISK640
|
|
|
Pack of cigarettes
Marlboro or similar
|
$6.56
€6.22
|
$11.76
ISK1,618
|
|
| Monthly membership at local gym |
$45.89
€43.52
|
$61.46
ISK8,460
|
|
| Movie ticket to theater/cinema |
$12.58
€11.93
|
$14.35
ISK1,975
|
|
pay 47.5% more for clothing
|
Austria
|
Iceland
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$85.11
€80.72
|
$111.23
ISK15,311
|
|
|
Regular dress
from H&M or similar store
|
$43.90
€41.63
|
$59.69
ISK8,216
|
|
|
Running shoes
Nike or Adidas
|
$88.16
€83.61
|
$148.00
ISK20,372
|
|
| Men's business shoes (leather) |
$118.74
€112.61
|
$184.49
ISK25,396
|
|
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