Cost of living comparison
Iceland is 2.1% more expensive than Greenland overall.
- Restaurants
-
pay 6.4% more in Iceland
- Groceries
-
pay 31.6% less in Iceland
- Transportation
-
pay 26.0% more in Iceland
- Housing
-
pay 29.4% more in Iceland
- Childcare
-
pay 47.1% less in Iceland
- Entertainment and Sports
-
pay 16.9% more in Iceland
- Clothing
-
pay 14.6% more in Iceland
The cost of housing, transportation, entertainment and sports, clothing, and restaurants in Iceland are more expensive than in Greenland. Expenses including childcare and groceries are lower in Iceland.
If you lived in Iceland instead of Greenland, you would:
pay 6.4% more for restaurants
|
Greenland
|
Iceland
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$17.97
DKK119.15
|
$19.40
ISK2,534
|
|
|
Fast food combo meal
McDonalds, or similar
|
$16.82
DKK111.55
|
$16.94
ISK2,213
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$1.94
DKK12.87
|
$2.81
ISK367
|
|
| Bottle of water (11 fl. oz) |
$2.80
DKK18.59
|
$2.02
ISK264
|
|
pay 31.6% less for groceries
|
Greenland
|
Iceland
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$4.26
DKK28.28
|
$2.95
ISK386
|
|
| Local cheese (8 oz) |
$16.35
DKK108.43
|
$7.27
ISK949
|
|
| Milk (1 gallon) |
$10.42
DKK69.11
|
$6.01
ISK784
|
|
|
Eggs
1 dozen
|
$3.93
DKK26.09
|
$5.42
ISK708
|
|
| Boneless chicken breast (1 lb) |
$12.60
DKK83.55
|
$8.51
ISK1,111
|
|
| Apples (1 lb) |
$2.12
DKK14.05
|
$1.22
ISK160
|
|
| Bananas (1 lb) |
$2.06
DKK13.69
|
$1.03
ISK134
|
|
| Oranges (1 lb) |
$2.10
DKK13.94
|
$1.17
ISK153
|
|
| Tomatoes (1 lb) |
$1.96
DKK12.97
|
$1.87
ISK245
|
|
| Potatoes (1 lb) |
$1.58
DKK10.45
|
$1.23
ISK161
|
|
| Onions (1 lb) |
$2.01
DKK13.33
|
$0.78
ISK102
|
|
pay 26.0% more for transportation
|
Greenland
|
Iceland
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$3.20
DKK21.25
|
$8.36
ISK1,092
|
|
| Monthly public transit pass |
$84.65
DKK561.44
|
$71.28
ISK9,310
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$35,895.49
DKK238,062.50
|
$40,660.66
ISK5,310,689
|
|
| Taxi trip in downtown area (5 miles) |
$48.51
DKK321.71
|
$22.04
ISK2,878
|
|
pay 29.4% more for housing
|
Greenland
|
Iceland
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$152.31
DKK1,010.16
|
$72.17
ISK9,427
|
|
| 1-Bedroom apartment in downtown area |
$778.50
DKK5,163.10
|
$1,838.04
ISK240,066
|
|
| 1-Bedroom apartment outside city center |
$745.58
DKK4,944.74
|
$1,497.77
ISK195,624
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$175.85
DKK1,166.27
|
$58.01
ISK7,577
|
|
pay 47.1% less for childcare
|
Greenland
|
Iceland
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$560.53
DKK3,717.49
|
$258.16
ISK33,719
|
|
| Middle school for 1 child, two semesters |
$10,060.80
DKK66,724.22
|
$5,993.99
ISK782,876
|
|
pay 16.9% more for entertainment and sports
|
Greenland
|
Iceland
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$10.42
DKK69.11
|
$9.19
ISK1,200
|
|
| Cappuccino in mid-range area |
$4.93
DKK32.73
|
$4.65
ISK607
|
|
|
Pack of cigarettes
Marlboro or similar
|
$12.14
DKK80.55
|
$11.76
ISK1,535
|
|
| Monthly membership at local gym |
$26.54
DKK176.02
|
$61.46
ISK8,027
|
|
| Movie ticket to theater/cinema |
$19.40
DKK128.68
|
$14.35
ISK1,874
|
|
pay 14.6% more for clothing
|
Greenland
|
Iceland
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$122.96
DKK815.47
|
$111.23
ISK14,528
|
|
|
Regular dress
from H&M or similar store
|
$38.09
DKK252.60
|
$59.69
ISK7,796
|
|
|
Running shoes
Nike or Adidas
|
$120.66
DKK800.21
|
$148.00
ISK19,330
|
|
| Men's business shoes (leather) |
$208.33
DKK1,381.67
|
$184.49
ISK24,097
|
|
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