Cost of living comparison
Iceland is 40.5% more expensive than Finland overall.
- Restaurants
-
pay 29.2% more in Iceland
- Groceries
-
pay 46.3% more in Iceland
- Transportation
-
pay 18.8% more in Iceland
- Housing
-
pay 2.2 times more in Iceland
- Childcare
-
pay 21.2% less in Iceland
- Entertainment and Sports
-
pay 17.5% more in Iceland
- Clothing
-
pay 72.4% more in Iceland
The cost of housing, clothing, groceries, restaurants, transportation, and entertainment and sports in Iceland are more expensive than in Finland. Notably, housing is significantly more expensive in Iceland.
If you lived in Iceland instead of Finland, you would:
pay 29.2% more for restaurants
|
Finland
|
Iceland
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$14.18
€12.99
|
$19.40
ISK2,608
|
|
|
Fast food combo meal
McDonalds, or similar
|
$10.44
€9.56
|
$16.94
ISK2,278
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.58
€2.36
|
$2.81
ISK378
|
|
| Bottle of water (11 fl. oz) |
$1.86
€1.71
|
$2.02
ISK272
|
|
pay 46.3% more for groceries
|
Finland
|
Iceland
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$2.29
€2.09
|
$2.95
ISK397
|
|
| Local cheese (8 oz) |
$3.70
€3.39
|
$7.27
ISK977
|
|
| Milk (1 gallon) |
$4.27
€3.91
|
$6.01
ISK808
|
|
|
Eggs
1 dozen
|
$3.02
€2.76
|
$5.42
ISK729
|
|
| Boneless chicken breast (1 lb) |
$5.38
€4.93
|
$8.51
ISK1,144
|
|
| Apples (1 lb) |
$0.99
€0.90
|
$1.22
ISK165
|
|
| Bananas (1 lb) |
$0.82
€0.75
|
$1.03
ISK138
|
|
| Oranges (1 lb) |
$0.98
€0.90
|
$1.17
ISK157
|
|
| Tomatoes (1 lb) |
$1.67
€1.53
|
$1.87
ISK252
|
|
| Potatoes (1 lb) |
$0.56
€0.52
|
$1.23
ISK166
|
|
| Onions (1 lb) |
$0.75
€0.69
|
$0.78
ISK106
|
|
pay 18.8% more for transportation
|
Finland
|
Iceland
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$7.64
€7.00
|
$8.36
ISK1,124
|
|
| Monthly public transit pass |
$60.52
€55.44
|
$71.28
ISK9,584
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$31,800.37
€29,130.57
|
$40,660.66
ISK5,467,232
|
|
| Taxi trip in downtown area (5 miles) |
$18.35
€16.81
|
$22.04
ISK2,963
|
|
pay 2.2 times more for housing
|
Finland
|
Iceland
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$22.24
€20.38
|
$72.17
ISK9,705
|
|
| 1-Bedroom apartment in downtown area |
$734.49
€672.82
|
$1,838.04
ISK247,143
|
|
| 1-Bedroom apartment outside city center |
$604.75
€553.98
|
$1,497.77
ISK201,390
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$96.90
€88.77
|
$58.01
ISK7,801
|
|
pay 21.2% less for childcare
|
Finland
|
Iceland
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$291.42
€266.95
|
$258.16
ISK34,713
|
|
| Middle school for 1 child, two semesters |
$8,693.67
€7,963.80
|
$5,993.99
ISK805,952
|
|
pay 17.5% more for entertainment and sports
|
Finland
|
Iceland
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$7.29
€6.68
|
$9.19
ISK1,235
|
|
| Cappuccino in mid-range area |
$4.21
€3.86
|
$4.65
ISK625
|
|
|
Pack of cigarettes
Marlboro or similar
|
$10.54
€9.65
|
$11.76
ISK1,581
|
|
| Monthly membership at local gym |
$41.73
€38.23
|
$61.46
ISK8,264
|
|
| Movie ticket to theater/cinema |
$15.60
€14.29
|
$14.35
ISK1,929
|
|
pay 72.4% more for clothing
|
Finland
|
Iceland
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$75.15
€68.84
|
$111.23
ISK14,956
|
|
|
Regular dress
from H&M or similar store
|
$31.18
€28.57
|
$59.69
ISK8,026
|
|
|
Running shoes
Nike or Adidas
|
$82.09
€75.20
|
$148.00
ISK19,900
|
|
| Men's business shoes (leather) |
$108.56
€99.45
|
$184.49
ISK24,807
|
|
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