Cost of living comparison

compared to

Moscow vs. Iceland Cost of Living Summary

Moscow is 33.2% cheaper than Iceland overall.

Restaurants: pay 65.1% less in Moscow
Groceries: pay 56.3% less in Moscow
Transportation: pay 57.9% less in Moscow
Housing: pay 37.7% less in Moscow
Childcare: pay 77.2% more in Moscow
Entertainment and Sports: pay 60.7% less in Moscow
Clothing: pay 31.8% less in Moscow

Expenses including restaurants, entertainment and sports, transportation, groceries, housing, and clothing are lower in Moscow. Notably, childcare is significantly more expensive in Moscow.

Moscow vs. Iceland Cost Breakdown

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

Display currency: USD

pay 65.1% less for restaurants

	Iceland	Moscow
Basic meal with drink at inexpensive restaurant	$19.40 ISK2,711	$9.19 RUB1,014.46	-52.6%
Fast food combo meal McDonalds, or similar	$16.94 ISK2,368	$5.10 RUB563.59	-69.9%
Bottle of Coca-Cola (11 fl. oz)	$2.81 ISK393	$1.07 RUB118.39	-61.9%
Bottle of water (11 fl. oz)	$2.02 ISK283	$0.49 RUB53.58	-76.0%
Average			-65.1%

Iceland vs. Moscow - Cost of restaurants

Improve prices · Change currency (USD)

pay 56.3% less for groceries

	Iceland	Moscow
Bread 1 loaf	$2.95 ISK413	$0.62 RUB68.31	-79.1%
Local cheese (8 oz)	$7.27 ISK1,016	$4.41 RUB486.52	-39.4%
Milk (1 gallon)	$6.01 ISK840	$3.57 RUB393.86	-40.6%
Eggs 1 dozen	$5.42 ISK757	$1.52 RUB167.78	-72.0%
Boneless chicken breast (1 lb)	$8.51 ISK1,189	$1.99 RUB219.24	-76.7%
Apples (1 lb)	$1.22 ISK171	$0.68 RUB74.78	-44.7%
Bananas (1 lb)	$1.03 ISK143	$0.67 RUB73.69	-35.0%
Oranges (1 lb)	$1.17 ISK164	$0.72 RUB79.01	-38.9%
Tomatoes (1 lb)	$1.87 ISK262	$1.12 RUB124.05	-40.0%
Potatoes (1 lb)	$1.23 ISK173	$0.25 RUB27.52	-79.8%
Onions (1 lb)	$0.78 ISK110	$0.21 RUB23.10	-73.3%
Average			-56.3%

Iceland vs. Moscow - Cost of groceries

Improve prices · Change currency (USD)

pay 57.9% less for transportation

	Iceland	Moscow
Gasoline (1 gallon)	$8.36 ISK1,169	$2.22 RUB244.94	-73.5%
Monthly public transit pass	$71.28 ISK9,963	$28.58 RUB3,156.11	-59.9%
New Volkswagen Golf 1.4 (standard edition)	$40,660.66 ISK5,683,547	$30,621.85 RUB3,381,543.78	-24.7%
Taxi trip in downtown area (5 miles)	$22.04 ISK3,080	$5.82 RUB642.49	-73.6%
Average			-57.9%

Iceland vs. Moscow - Cost of transportation

Improve prices · Change currency (USD)

pay 37.7% less for housing

	Iceland	Moscow
Internet connection 50 mbps or faster, cable/dsl	$72.17 ISK10,089	$6.38 RUB704.36	-91.2%
1-Bedroom apartment in downtown area	$1,838.04 ISK256,921	$960.52 RUB106,069.39	-47.7%
1-Bedroom apartment outside city center	$1,497.77 ISK209,358	$583.26 RUB64,409.21	-61.1%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$58.01 ISK8,109	$86.66 RUB9,569.74	+49.4%
Average			-37.7%

Iceland vs. Moscow - Cost of housing

Improve prices · Change currency (USD)

pay 77.2% more for childcare

	Iceland	Moscow
Private preschool for 1 child, monthly	$258.16 ISK36,086	$466.53 RUB51,518.81	+80.7%
Middle school for 1 child, two semesters	$5,993.99 ISK837,840	$10,413.52 RUB1,149,955.78	+73.7%
Average			+77.2%

Iceland vs. Moscow - Cost of childcare

Improve prices · Change currency (USD)

pay 60.7% less for entertainment and sports

	Iceland	Moscow
Domestic/local beer (1 pint)	$9.19 ISK1,284	$3.06 RUB338.15	-66.7%
Cappuccino in mid-range area	$4.65 ISK650	$2.52 RUB278.77	-45.7%
Pack of cigarettes Marlboro or similar	$11.76 ISK1,643	$2.45 RUB270.52	-79.2%
Monthly membership at local gym	$61.46 ISK8,591	$32.34 RUB3,571.13	-47.4%
Movie ticket to theater/cinema	$14.35 ISK2,006	$5.10 RUB563.59	-64.4%
Average			-60.7%

Iceland vs. Moscow - Cost of entertainment and sports

Improve prices · Change currency (USD)

pay 31.8% less for clothing

	Iceland	Moscow
Regular jeans Levi's brand	$111.23 ISK15,548	$81.16 RUB8,961.92	-27.0%
Regular dress from H&M or similar store	$59.69 ISK8,343	$42.31 RUB4,672.02	-29.1%
Running shoes Nike or Adidas	$148.00 ISK20,687	$108.95 RUB12,031.53	-26.4%
Men's business shoes (leather)	$184.49 ISK25,789	$101.97 RUB11,260.45	-44.7%
Average			-31.8%

Iceland vs. Moscow - Cost of clothing

Improve prices · Change currency (USD)

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

More cost comparisons

Iceland vs.

Quito

Iceland vs.

Dodoma

Iceland vs.

Rome

Iceland vs.

Phnom Penh

Iceland vs.

Paris

Iceland vs.

Manila

Iceland vs.

Kiev

Iceland vs.

Hanoi

Share this

Compare countries by overall cost of living

See the cost of living in Iceland vs. Russia. This provides a comparison of the average cost of living from cities within Iceland and Russia.

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

Add prices for Iceland

Add prices for Moscow

ASK THE ELSEWHERE COMMUNITY

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