Cost of living comparison
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.
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
|
|
Bottle of water (11 fl. oz) |
$2.41
€2.29
|
$2.02
ISK282
|
|
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
|
|
Eggs
1 dozen
|
$3.41
€3.24
|
$5.42
ISK756
|
|
Boneless chicken breast (1 lb) |
$6.24
€5.94
|
$8.51
ISK1,186
|
|
Apples (1 lb) |
$1.28
€1.21
|
$1.22
ISK171
|
|
Bananas (1 lb) |
$0.70
€0.67
|
$1.03
ISK143
|
|
Oranges (1 lb) |
$0.97
€0.93
|
$1.17
ISK163
|
|
Tomatoes (1 lb) |
$2.10
€2.00
|
$1.87
ISK261
|
|
Potatoes (1 lb) |
$0.66
€0.63
|
$1.23
ISK172
|
|
Onions (1 lb) |
$0.69
€0.66
|
$0.78
ISK109
|
|
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
|
|
Taxi trip in downtown area (5 miles) |
$23.02
€21.92
|
$22.04
ISK3,073
|
|
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
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$230.06
€219.06
|
$58.01
ISK8,089
|
|
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
|
|
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
|
|
Monthly membership at local gym |
$36.01
€34.28
|
$61.46
ISK8,569
|
|
Movie ticket to theater/cinema |
$12.80
€12.19
|
$14.35
ISK2,001
|
|
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
|
|
Men's business shoes (leather) |
$123.43
€117.52
|
$184.49
ISK25,724
|
|
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