Cost of living comparison
Germany is 2.4% more expensive than Iceland.
If you lived in Germany instead of Iceland, you would:
pay 12.1% less for restaurants
|
Iceland
|
Germany
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$19.40
ISK2,709
|
$14.04
€13.48
|
|
|
Fast food combo meal
McDonalds, or similar
|
$16.94
ISK2,366
|
$10.20
€9.79
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.81
ISK393
|
$2.80
€2.69
|
|
| Bottle of water (11 fl. oz) |
$2.02
ISK282
|
$2.41
€2.31
|
|
pay 20.0% less for groceries
|
Iceland
|
Germany
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$2.95
ISK413
|
$2.03
€1.95
|
|
| Local cheese (8 oz) |
$7.27
ISK1,015
|
$6.71
€6.44
|
|
| Milk (1 gallon) |
$6.01
ISK839
|
$4.38
€4.20
|
|
|
Eggs
1 dozen
|
$5.42
ISK757
|
$3.41
€3.27
|
|
| Boneless chicken breast (1 lb) |
$8.51
ISK1,188
|
$6.24
€5.99
|
|
| Apples (1 lb) |
$1.22
ISK171
|
$1.28
€1.22
|
|
| Bananas (1 lb) |
$1.03
ISK143
|
$0.70
€0.67
|
|
| Oranges (1 lb) |
$1.17
ISK164
|
$0.97
€0.93
|
|
| Tomatoes (1 lb) |
$1.87
ISK262
|
$2.10
€2.02
|
|
| Potatoes (1 lb) |
$1.23
ISK172
|
$0.66
€0.63
|
|
| Onions (1 lb) |
$0.78
ISK110
|
$0.69
€0.66
|
|
pay 16.4% less for transportation
|
Iceland
|
Germany
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$8.36
ISK1,168
|
$7.07
€6.79
|
|
| Monthly public transit pass |
$71.28
ISK9,956
|
$52.96
€50.83
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$40,660.66
ISK5,679,481
|
$28,807.86
€27,652.00
|
|
| Taxi trip in downtown area (5 miles) |
$22.04
ISK3,078
|
$23.02
€22.09
|
|
pay 37.0% more for housing
|
Iceland
|
Germany
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$72.17
ISK10,081
|
$48.22
€46.29
|
|
| 1-Bedroom apartment in downtown area |
$1,838.04
ISK256,737
|
$790.39
€758.68
|
|
| 1-Bedroom apartment outside city center |
$1,497.77
ISK209,209
|
$625.27
€600.19
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$58.01
ISK8,103
|
$230.06
€220.83
|
|
pay 91.5% more for childcare
|
Iceland
|
Germany
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$258.16
ISK36,060
|
$458.39
€440.00
|
|
| Middle school for 1 child, two semesters |
$5,993.99
ISK837,241
|
$12,308.95
€11,815.07
|
|
pay 31.0% less for entertainment and sports
|
Iceland
|
Germany
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$9.19
ISK1,283
|
$4.42
€4.24
|
|
| Cappuccino in mid-range area |
$4.65
ISK649
|
$3.49
€3.35
|
|
|
Pack of cigarettes
Marlboro or similar
|
$11.76
ISK1,642
|
$8.74
€8.39
|
|
| Monthly membership at local gym |
$61.46
ISK8,585
|
$36.01
€34.56
|
|
| Movie ticket to theater/cinema |
$14.35
ISK2,004
|
$12.80
€12.28
|
|
pay 32.2% less for clothing
|
Iceland
|
Germany
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$111.23
ISK15,537
|
$82.34
€79.03
|
|
|
Regular dress
from H&M or similar store
|
$59.69
ISK8,337
|
$40.78
€39.14
|
|
|
Running shoes
Nike or Adidas
|
$148.00
ISK20,673
|
$91.59
€87.92
|
|
| Men's business shoes (leather) |
$184.49
ISK25,770
|
$123.43
€118.48
|
|
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