Cost of living comparison

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

Iceland is 27.0% more expensive than Germany overall.

Restaurants
pay 22.1% more in Iceland
Groceries
pay 30.8% more in Iceland
Transportation
pay 22.4% more in Iceland
Housing
pay 61.7% more in Iceland
Childcare
pay 47.5% less in Iceland
Entertainment and Sports
pay 51.7% more in Iceland
Clothing
pay 48.1% more in Iceland

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

Iceland vs. Germany Cost Breakdown

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
€13.37
$19.40
ISK2,705
Fast food combo meal
McDonalds, or similar
$10.20
€9.71
$16.94
ISK2,362
Bottle of Coca-Cola (11 fl. oz) $2.80
€2.67
$2.81
ISK392

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pay 30.8% more for groceries

 
Germany
Iceland
Bread
1 loaf
$2.03
€1.93
$2.95
ISK412
Local cheese (8 oz) $6.71
€6.39
$7.27
ISK1,013
Milk (1 gallon) $4.38
€4.17
$6.01
ISK837

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pay 22.4% more for transportation

 
Germany
Iceland
Gasoline (1 gallon) $7.07
€6.73
$8.36
ISK1,166
Monthly public transit pass $52.96
€50.42
$71.28
ISK9,938
New Volkswagen Golf 1.4 (standard edition) $28,807.86
€27,429.52
$40,660.66
ISK5,669,316

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pay 61.7% more for housing

 
Germany
Iceland
Internet connection
50 mbps or faster, cable/dsl
$48.22
€45.91
$72.17
ISK10,063
1-Bedroom apartment in downtown area $790.39
€752.58
$1,838.04
ISK256,278
1-Bedroom apartment outside city center $625.27
€595.36
$1,497.77
ISK208,834

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pay 47.5% less for childcare

 
Germany
Iceland
Private preschool for 1 child, monthly $458.39
€436.46
$258.16
ISK35,996
Middle school for 1 child, two semesters $12,308.95
€11,720.01
$5,993.99
ISK835,743

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pay 51.7% more for entertainment and sports

 
Germany
Iceland
Domestic/local beer (1 pint) $4.42
€4.21
$9.19
ISK1,281
Cappuccino in mid-range area $3.49
€3.32
$4.65
ISK648
Pack of cigarettes
Marlboro or similar
$8.74
€8.32
$11.76
ISK1,639

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pay 48.1% more for clothing

 
Germany
Iceland
Regular jeans
Levi's brand
$82.34
€78.40
$111.23
ISK15,509
Regular dress
from H&M or similar store
$40.78
€38.83
$59.69
ISK8,322
Running shoes
Nike or Adidas
$91.59
€87.21
$148.00
ISK20,636

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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: January 2025
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