Cost of living comparison
Finland is 17.1% cheaper than Iceland overall.
- Restaurants
-
pay 20.4% less in Finland
- Groceries
-
pay 27.9% less in Finland
- Transportation
-
pay 15.6% less in Finland
- Housing
-
pay 30.5% less in Finland
- Childcare
-
pay 28.9% more in Finland
- Entertainment and Sports
-
pay 12.8% less in Finland
- Clothing
-
pay 41.5% less in Finland
Expenses including clothing, housing, groceries, restaurants, transportation, and entertainment and sports are lower in Finland.
If you lived in Finland instead of Iceland, you would:
pay 20.4% less for restaurants
|
Iceland
|
Finland
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$19.40
ISK2,608
|
$14.18
€12.99
|
|
|
Fast food combo meal
McDonalds, or similar
|
$16.94
ISK2,278
|
$10.44
€9.56
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.81
ISK378
|
$2.58
€2.36
|
|
| Bottle of water (11 fl. oz) |
$2.02
ISK272
|
$1.86
€1.71
|
|
pay 27.9% less for groceries
|
Iceland
|
Finland
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$2.95
ISK397
|
$2.29
€2.09
|
|
| Local cheese (8 oz) |
$7.27
ISK977
|
$3.70
€3.39
|
|
| Milk (1 gallon) |
$6.01
ISK808
|
$4.27
€3.91
|
|
|
Eggs
1 dozen
|
$5.42
ISK729
|
$3.02
€2.76
|
|
| Boneless chicken breast (1 lb) |
$8.51
ISK1,144
|
$5.38
€4.93
|
|
| Apples (1 lb) |
$1.22
ISK165
|
$0.99
€0.90
|
|
| Bananas (1 lb) |
$1.03
ISK138
|
$0.82
€0.75
|
|
| Oranges (1 lb) |
$1.17
ISK157
|
$0.98
€0.90
|
|
| Tomatoes (1 lb) |
$1.87
ISK252
|
$1.67
€1.53
|
|
| Potatoes (1 lb) |
$1.23
ISK166
|
$0.56
€0.52
|
|
| Onions (1 lb) |
$0.78
ISK106
|
$0.75
€0.69
|
|
pay 15.6% less for transportation
|
Iceland
|
Finland
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$8.36
ISK1,124
|
$7.64
€7.00
|
|
| Monthly public transit pass |
$71.28
ISK9,584
|
$60.52
€55.44
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$40,660.66
ISK5,467,232
|
$31,800.37
€29,130.57
|
|
| Taxi trip in downtown area (5 miles) |
$22.04
ISK2,963
|
$18.35
€16.81
|
|
pay 30.5% less for housing
|
Iceland
|
Finland
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$72.17
ISK9,705
|
$22.24
€20.38
|
|
| 1-Bedroom apartment in downtown area |
$1,838.04
ISK247,143
|
$734.49
€672.82
|
|
| 1-Bedroom apartment outside city center |
$1,497.77
ISK201,390
|
$604.75
€553.98
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$58.01
ISK7,801
|
$96.90
€88.77
|
|
pay 28.9% more for childcare
|
Iceland
|
Finland
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$258.16
ISK34,713
|
$291.42
€266.95
|
|
| Middle school for 1 child, two semesters |
$5,993.99
ISK805,952
|
$8,693.67
€7,963.80
|
|
pay 12.8% less for entertainment and sports
|
Iceland
|
Finland
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$9.19
ISK1,235
|
$7.29
€6.68
|
|
| Cappuccino in mid-range area |
$4.65
ISK625
|
$4.21
€3.86
|
|
|
Pack of cigarettes
Marlboro or similar
|
$11.76
ISK1,581
|
$10.54
€9.65
|
|
| Monthly membership at local gym |
$61.46
ISK8,264
|
$41.73
€38.23
|
|
| Movie ticket to theater/cinema |
$14.35
ISK1,929
|
$15.60
€14.29
|
|
pay 41.5% less for clothing
|
Iceland
|
Finland
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$111.23
ISK14,956
|
$75.15
€68.84
|
|
|
Regular dress
from H&M or similar store
|
$59.69
ISK8,026
|
$31.18
€28.57
|
|
|
Running shoes
Nike or Adidas
|
$148.00
ISK19,900
|
$82.09
€75.20
|
|
| Men's business shoes (leather) |
$184.49
ISK24,807
|
$108.56
€99.45
|
|
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