Cost of living comparison
Iceland is 27.0% more expensive than Germany.
If you lived in Iceland instead of Germany, you would:
pay 22.1% more for restaurants
|
Germany
|
Iceland
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$14.04
€13.32
|
$19.40
ISK2,670
|
|
|
Fast food combo meal
McDonalds, or similar
|
$10.20
€9.67
|
$16.94
ISK2,332
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.80
€2.66
|
$2.81
ISK387
|
|
| Bottle of water (11 fl. oz) |
$2.41
€2.28
|
$2.02
ISK278
|
|
pay 30.8% more for groceries
|
Germany
|
Iceland
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$2.03
€1.93
|
$2.95
ISK407
|
|
| Local cheese (8 oz) |
$6.71
€6.36
|
$7.27
ISK1,000
|
|
| Milk (1 gallon) |
$4.38
€4.15
|
$6.01
ISK827
|
|
|
Eggs
1 dozen
|
$3.41
€3.23
|
$5.42
ISK746
|
|
| Boneless chicken breast (1 lb) |
$6.24
€5.92
|
$8.51
ISK1,171
|
|
| Apples (1 lb) |
$1.28
€1.21
|
$1.22
ISK168
|
|
| Bananas (1 lb) |
$0.70
€0.67
|
$1.03
ISK141
|
|
| Oranges (1 lb) |
$0.97
€0.92
|
$1.17
ISK161
|
|
| Tomatoes (1 lb) |
$2.10
€1.99
|
$1.87
ISK258
|
|
| Potatoes (1 lb) |
$0.66
€0.63
|
$1.23
ISK170
|
|
| Onions (1 lb) |
$0.69
€0.65
|
$0.78
ISK108
|
|
pay 22.4% more for transportation
|
Germany
|
Iceland
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$7.07
€6.71
|
$8.36
ISK1,151
|
|
| Monthly public transit pass |
$52.96
€50.22
|
$71.28
ISK9,812
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$28,807.86
€27,320.28
|
$40,660.66
ISK5,596,940
|
|
| Taxi trip in downtown area (5 miles) |
$23.02
€21.83
|
$22.04
ISK3,033
|
|
pay 61.7% more for housing
|
Germany
|
Iceland
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$48.22
€45.73
|
$72.17
ISK9,935
|
|
| 1-Bedroom apartment in downtown area |
$790.39
€749.58
|
$1,838.04
ISK253,006
|
|
| 1-Bedroom apartment outside city center |
$625.27
€592.99
|
$1,497.77
ISK206,168
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$230.06
€218.18
|
$58.01
ISK7,986
|
|
pay 47.5% less for childcare
|
Germany
|
Iceland
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$458.39
€434.72
|
$258.16
ISK35,536
|
|
| Middle school for 1 child, two semesters |
$12,308.95
€11,673.34
|
$5,993.99
ISK825,073
|
|
pay 51.7% more for entertainment and sports
|
Germany
|
Iceland
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$4.42
€4.19
|
$9.19
ISK1,265
|
|
| Cappuccino in mid-range area |
$3.49
€3.31
|
$4.65
ISK640
|
|
|
Pack of cigarettes
Marlboro or similar
|
$8.74
€8.28
|
$11.76
ISK1,618
|
|
| Monthly membership at local gym |
$36.01
€34.15
|
$61.46
ISK8,460
|
|
| Movie ticket to theater/cinema |
$12.80
€12.14
|
$14.35
ISK1,975
|
|
pay 48.1% more for clothing
|
Germany
|
Iceland
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$82.34
€78.09
|
$111.23
ISK15,311
|
|
|
Regular dress
from H&M or similar store
|
$40.78
€38.67
|
$59.69
ISK8,216
|
|
|
Running shoes
Nike or Adidas
|
$91.59
€86.86
|
$148.00
ISK20,372
|
|
| Men's business shoes (leather) |
$123.43
€117.05
|
$184.49
ISK25,396
|
|
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