Cost of living comparison

compared to

Prague vs. Iceland Cost of Living Summary

Prague is 3.3% cheaper than Iceland overall.

Restaurants: pay 41.1% less in Prague
Groceries: pay 36.8% less in Prague
Transportation: pay 43.0% less in Prague
Housing: pay 32.4% more in Prague
Childcare: pay 2.4 times more in Prague
Entertainment and Sports: pay 34.9% less in Prague
Clothing: pay 35.6% less in Prague

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

Prague vs. Iceland Cost Breakdown

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

Display currency: USD

pay 41.1% less for restaurants

	Iceland	Prague
Basic meal with drink at inexpensive restaurant	$19.40 ISK2,711	$10.61 CZK259.08	-45.3%
Fast food combo meal McDonalds, or similar	$16.94 ISK2,368	$8.49 CZK207.26	-49.9%
Bottle of Coca-Cola (11 fl. oz)	$2.81 ISK393	$1.74 CZK42.53	-38.0%
Bottle of water (11 fl. oz)	$2.02 ISK283	$1.39 CZK33.92	-31.2%
Average			-41.1%

Iceland vs. Prague - Cost of restaurants

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pay 36.8% less for groceries

	Iceland	Prague
Bread 1 loaf	$2.95 ISK413	$1.42 CZK34.73	-51.8%
Local cheese (8 oz)	$7.27 ISK1,016	$5.99 CZK146.26	-17.5%
Milk (1 gallon)	$6.01 ISK840	$3.96 CZK96.63	-34.1%
Eggs 1 dozen	$5.42 ISK757	$2.56 CZK62.44	-52.8%
Boneless chicken breast (1 lb)	$8.51 ISK1,189	$3.92 CZK95.56	-54.0%
Apples (1 lb)	$1.22 ISK171	$0.77 CZK18.69	-37.4%
Bananas (1 lb)	$1.03 ISK143	$0.73 CZK17.86	-28.7%
Oranges (1 lb)	$1.17 ISK164	$0.89 CZK21.81	-23.7%
Tomatoes (1 lb)	$1.87 ISK262	$1.47 CZK35.98	-21.3%
Potatoes (1 lb)	$1.23 ISK173	$0.57 CZK14.02	-53.5%
Onions (1 lb)	$0.78 ISK110	$0.55 CZK13.35	-30.3%
Average			-36.8%

Iceland vs. Prague - Cost of groceries

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pay 43.0% less for transportation

	Iceland	Prague
Gasoline (1 gallon)	$8.36 ISK1,169	$6.13 CZK149.63	-26.7%
Monthly public transit pass	$71.28 ISK9,963	$23.35 CZK569.97	-67.2%
New Volkswagen Golf 1.4 (standard edition)	$40,660.66 ISK5,683,547	$25,475.49 CZK621,780.32	-37.3%
Taxi trip in downtown area (5 miles)	$22.04 ISK3,080	$12.99 CZK317.11	-41.0%
Average			-43.0%

Iceland vs. Prague - Cost of transportation

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pay 32.4% more for housing

	Iceland	Prague
Internet connection 50 mbps or faster, cable/dsl	$72.17 ISK10,089	$19.68 CZK480.24	-72.7%
1-Bedroom apartment in downtown area	$1,838.04 ISK256,921	$1,128.35 CZK27,539.69	-38.6%
1-Bedroom apartment outside city center	$1,497.77 ISK209,358	$837.45 CZK20,439.66	-44.1%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$58.01 ISK8,109	$223.37 CZK5,451.70	+285.0%
Average			+32.4%

Iceland vs. Prague - Cost of housing

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pay 2.4 times more for childcare

	Iceland	Prague
Private preschool for 1 child, monthly	$258.16 ISK36,086	$713.18 CZK17,406.65	+176.3%
Middle school for 1 child, two semesters	$5,993.99 ISK837,840	$11,763.21 CZK287,104.60	+96.2%
Average			+136.2%

Iceland vs. Prague - Cost of childcare

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pay 34.9% less for entertainment and sports

	Iceland	Prague
Domestic/local beer (1 pint)	$9.19 ISK1,284	$2.40 CZK58.55	-73.9%
Cappuccino in mid-range area	$4.65 ISK650	$3.08 CZK75.09	-33.8%
Pack of cigarettes Marlboro or similar	$11.76 ISK1,643	$6.54 CZK159.59	-44.4%
Monthly membership at local gym	$61.46 ISK8,591	$63.73 CZK1,555.52	+3.7%
Movie ticket to theater/cinema	$14.35 ISK2,006	$10.61 CZK259.08	-26.0%
Average			-34.9%

Iceland vs. Prague - Cost of entertainment and sports

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pay 35.6% less for clothing

	Iceland	Prague
Regular jeans Levi's brand	$111.23 ISK15,548	$82.44 CZK2,012.12	-25.9%
Regular dress from H&M or similar store	$59.69 ISK8,343	$36.17 CZK882.85	-39.4%
Running shoes Nike or Adidas	$148.00 ISK20,687	$92.56 CZK2,259.14	-37.5%
Men's business shoes (leather)	$184.49 ISK25,789	$111.10 CZK2,711.65	-39.8%
Average			-35.6%

Iceland vs. Prague - Cost of clothing

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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: January 2025

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