Iceland vs. Hong Kong Cost of Living Summary

Iceland is 21.3% more expensive than Hong Kong overall.

Restaurants
pay 2.3 times more in Iceland
Groceries
pay 0.8% more in Iceland
Transportation
pay 13.8% more in Iceland
Housing
pay 36.2% more in Iceland
Childcare
pay 73.4% less in Iceland
Entertainment and Sports
pay 4.0% less in Iceland
Clothing
pay 47.5% more in Iceland

The cost of restaurants, clothing, housing, transportation, and groceries in Iceland are more expensive than in Hong Kong. Expenses including childcare and entertainment and sports are lower in Iceland. Notably, restaurants is significantly more expensive in Iceland.

Iceland vs. Hong Kong Cost Breakdown

If you lived in Iceland instead of Hong Kong, you would:

pay 2.3 times more for restaurants

 
Hong Kong
Iceland
Basic meal with drink at inexpensive restaurant $7.72
HK$60.02
$19.40
ISK2,711
Fast food combo meal
McDonalds, or similar
$6.33
HK$49.27
$16.94
ISK2,368
Bottle of Coca-Cola (11 fl. oz) $1.35
HK$10.47
$2.81
ISK393

Improve prices ·

pay 0.8% more for groceries

 
Hong Kong
Iceland
Bread
1 loaf
$2.40
HK$18.68
$2.95
ISK413
Local cheese (8 oz) $13.58
HK$105.63
$7.27
ISK1,016
Milk (1 gallon) $12.17
HK$94.66
$6.01
ISK840

Improve prices ·

pay 13.8% more for transportation

 
Hong Kong
Iceland
Gasoline (1 gallon) $11.42
HK$88.85
$8.36
ISK1,169
Monthly public transit pass $64.30
HK$500.18
$71.28
ISK9,963
New Volkswagen Golf 1.4 (standard edition) $34,067.68
HK$264,995.42
$40,660.66
ISK5,683,547

Improve prices ·

pay 36.2% more for housing

 
Hong Kong
Iceland
Internet connection
50 mbps or faster, cable/dsl
$21.69
HK$168.75
$72.17
ISK10,089
1-Bedroom apartment in downtown area $2,183.24
HK$16,982.31
$1,838.04
ISK256,921
1-Bedroom apartment outside city center $1,543.27
HK$12,004.32
$1,497.77
ISK209,358

Improve prices ·

pay 73.4% less for childcare

 
Hong Kong
Iceland
Private preschool for 1 child, monthly $1,002.59
HK$7,798.64
$258.16
ISK36,086
Middle school for 1 child, two semesters $21,790.97
HK$169,501.04
$5,993.99
ISK837,840

Improve prices ·

pay 4.0% less for entertainment and sports

 
Hong Kong
Iceland
Domestic/local beer (1 pint) $7.72
HK$60.02
$9.19
ISK1,284
Cappuccino in mid-range area $5.30
HK$41.25
$4.65
ISK650
Pack of cigarettes
Marlboro or similar
$13.12
HK$102.04
$11.76
ISK1,643

Improve prices ·

pay 47.5% more for clothing

 
Hong Kong
Iceland
Regular jeans
Levi's brand
$72.66
HK$565.17
$111.23
ISK15,548
Regular dress
from H&M or similar store
$40.59
HK$315.71
$59.69
ISK8,343
Running shoes
Nike or Adidas
$92.45
HK$719.16
$148.00
ISK20,687

Improve prices ·
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
Share this

Compare by city

For example, try comparing the cost of living in Hong Kong vs. Reykjavik

Help us improve these prices

MyLifeElsewhere is a collaborative project. Please enter price information for your location to help assist us in making these comparisons more accurate. Learn more

ASK THE ELSEWHERE COMMUNITY

Join the Elsewhere community and ask a question about Iceland or Hong Kong. It's a free, question-and-answer based forum to discuss what life is like in countries and cities around the world.