Cost of living comparison

 Iceland
compared to
 Hanoi, Vietnam
Hanoi vs. Iceland Cost of Living Summary
Hanoi vs. Iceland Cost Breakdown

If you lived in Hanoi instead of Iceland, you would:

pay 83.3% less for restaurants

 
Iceland
Hanoi
Basic meal with drink at inexpensive restaurant $19.40
ISK2,535
$1.98
₫51,266
Fast food combo meal
McDonalds, or similar
$16.94
ISK2,214
$4.75
₫123,039
Bottle of Coca-Cola (11 fl. oz) $2.81
ISK367
$0.44
₫11,484

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pay 43.4% less for groceries

 
Iceland
Hanoi
Bread
1 loaf
$2.95
ISK386
$1.03
₫26,651
Local cheese (8 oz) $7.27
ISK949
$5.00
₫129,664
Milk (1 gallon) $6.01
ISK785
$5.30
₫137,369

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pay 56.4% less for transportation

 
Iceland
Hanoi
Gasoline (1 gallon) $8.36
ISK1,093
$3.47
₫89,888
Monthly public transit pass $71.28
ISK9,315
$7.91
₫205,065
New Volkswagen Golf 1.4 (standard edition) $40,660.66
ISK5,313,942
$39,554.95
₫1,025,323,605

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pay 63.1% less for housing

 
Iceland
Hanoi
Internet connection
50 mbps or faster, cable/dsl
$72.17
ISK9,432
$9.00
₫233,396
1-Bedroom apartment in downtown area $1,838.04
ISK240,213
$338.66
₫8,778,635
1-Bedroom apartment outside city center $1,497.77
ISK195,744
$239.31
₫6,203,208

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pay 49.5% more for childcare

 
Iceland
Hanoi
Private preschool for 1 child, monthly $258.16
ISK33,740
$243.92
₫6,322,829
Middle school for 1 child, two semesters $5,993.99
ISK783,355
$12,260.72
₫317,816,140

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pay 73.3% less for entertainment and sports

 
Iceland
Hanoi
Domestic/local beer (1 pint) $9.19
ISK1,201
$0.99
₫25,633
Cappuccino in mid-range area $4.65
ISK607
$1.83
₫47,520
Pack of cigarettes
Marlboro or similar
$11.76
ISK1,536
$1.38
₫35,886

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pay 53.3% less for clothing

 
Iceland
Hanoi
Regular jeans
Levi's brand
$111.23
ISK14,537
$36.72
₫951,870
Regular dress
from H&M or similar store
$59.69
ISK7,801
$26.37
₫683,549
Running shoes
Nike or Adidas
$148.00
ISK19,342
$92.93
₫2,408,904

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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: May 2025
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See the cost of living in Iceland vs. Vietnam. This provides a comparison of the average cost of living from cities within Iceland and Vietnam.

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