Cost of living comparison

 Austria
compared to
 Iceland
Iceland vs. Austria Cost of Living Summary

Iceland is 24.8% more expensive than Austria overall.

Restaurants
pay 15.0% more in Iceland
Groceries
pay 11.4% more in Iceland
Transportation
pay 34.9% more in Iceland
Housing
pay 63.5% more in Iceland
Childcare
pay 49.2% less in Iceland
Entertainment and Sports
pay 50.6% more in Iceland
Clothing
pay 47.5% more in Iceland

The cost of housing, entertainment and sports, clothing, transportation, restaurants, and groceries in Iceland are more expensive than in Austria.

Iceland vs. Austria Cost Breakdown

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
€14.66
$19.40
ISK2,717
Fast food combo meal
McDonalds, or similar
$10.63
€10.13
$16.94
ISK2,373
Bottle of Coca-Cola (11 fl. oz) $3.11
€2.97
$2.81
ISK394

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pay 11.4% more for groceries

 
Austria
Iceland
Bread
1 loaf
$2.51
€2.39
$2.95
ISK414
Local cheese (8 oz) $8.15
€7.77
$7.27
ISK1,017
Milk (1 gallon) $5.62
€5.35
$6.01
ISK841

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pay 34.9% more for transportation

 
Austria
Iceland
Gasoline (1 gallon) $6.30
€6.01
$8.36
ISK1,171
Monthly public transit pass $48.89
€46.60
$71.28
ISK9,983
New Volkswagen Golf 1.4 (standard edition) $26,790.93
€25,535.85
$40,660.66
ISK5,694,526

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pay 63.5% more for housing

 
Austria
Iceland
Internet connection
50 mbps or faster, cable/dsl
$36.05
€34.36
$72.17
ISK10,108
1-Bedroom apartment in downtown area $834.31
€795.22
$1,838.04
ISK257,417
1-Bedroom apartment outside city center $704.76
€671.75
$1,497.77
ISK209,763

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pay 49.2% less for childcare

 
Austria
Iceland
Private preschool for 1 child, monthly $436.40
€415.96
$258.16
ISK36,156
Middle school for 1 child, two semesters $14,173.71
€13,509.71
$5,993.99
ISK839,459

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pay 50.6% more for entertainment and sports

 
Austria
Iceland
Domestic/local beer (1 pint) $4.65
€4.43
$9.19
ISK1,287
Cappuccino in mid-range area $3.63
€3.46
$4.65
ISK651
Pack of cigarettes
Marlboro or similar
$6.56
€6.25
$11.76
ISK1,646

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pay 47.5% more for clothing

 
Austria
Iceland
Regular jeans
Levi's brand
$85.11
€81.12
$111.23
ISK15,578
Regular dress
from H&M or similar store
$43.90
€41.84
$59.69
ISK8,359
Running shoes
Nike or Adidas
$88.16
€84.03
$148.00
ISK20,727

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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: February 2025
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