Cost of living comparison

compared to

Rome vs. Iceland Cost of Living Summary

Rome is 9.8% cheaper than Iceland overall.

Restaurants: pay 29.7% less in Rome
Groceries: pay 24.2% less in Rome
Transportation: pay 29.6% less in Rome
Housing: pay 11.1% more in Rome
Childcare: pay 86.0% more in Rome
Entertainment and Sports: pay 36.9% less in Rome
Clothing: pay 45.5% less in Rome

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

Rome vs. Iceland Cost Breakdown

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

Display currency: USD

pay 29.7% less for restaurants

	Iceland	Rome
Basic meal with drink at inexpensive restaurant	$19.40 ISK2,711	$16.08 €15.59	-17.1%
Fast food combo meal McDonalds, or similar	$16.94 ISK2,368	$10.72 €10.39	-36.7%
Bottle of Coca-Cola (11 fl. oz)	$2.81 ISK393	$2.23 €2.17	-20.5%
Bottle of water (11 fl. oz)	$2.02 ISK283	$1.12 €1.09	-44.4%
Average			-29.7%

Iceland vs. Rome - Cost of restaurants

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pay 24.2% less for groceries

	Iceland	Rome
Bread 1 loaf	$2.95 ISK413	$1.78 €1.73	-39.7%
Local cheese (8 oz)	$7.27 ISK1,016	$7.00 €6.79	-3.6%
Milk (1 gallon)	$6.01 ISK840	$6.20 €6.01	+3.2%
Eggs 1 dozen	$5.42 ISK757	$3.76 €3.65	-30.6%
Boneless chicken breast (1 lb)	$8.51 ISK1,189	$4.89 €4.74	-42.5%
Apples (1 lb)	$1.22 ISK171	$1.07 €1.04	-12.4%
Bananas (1 lb)	$1.03 ISK143	$0.92 €0.89	-10.1%
Oranges (1 lb)	$1.17 ISK164	$0.89 €0.86	-23.9%
Tomatoes (1 lb)	$1.87 ISK262	$1.09 €1.06	-41.6%
Potatoes (1 lb)	$1.23 ISK173	$0.73 €0.71	-40.9%
Onions (1 lb)	$0.78 ISK110	$0.78 €0.76
Average			-24.2%

Iceland vs. Rome - Cost of groceries

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pay 29.6% less for transportation

	Iceland	Rome
Gasoline (1 gallon)	$8.36 ISK1,169	$7.15 €6.93	-14.5%
Monthly public transit pass	$71.28 ISK9,963	$37.51 €36.38	-47.4%
New Volkswagen Golf 1.4 (standard edition)	$40,660.66 ISK5,683,547	$26,794.08 €25,984.66	-34.1%
Taxi trip in downtown area (5 miles)	$22.04 ISK3,080	$17.15 €16.63	-22.2%
Average			-29.6%

Iceland vs. Rome - Cost of transportation

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pay 11.1% more for housing

	Iceland	Rome
Internet connection 50 mbps or faster, cable/dsl	$72.17 ISK10,089	$29.46 €28.57	-59.2%
1-Bedroom apartment in downtown area	$1,838.04 ISK256,921	$1,180.31 €1,144.66	-35.8%
1-Bedroom apartment outside city center	$1,497.77 ISK209,358	$763.10 €740.04	-49.1%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$58.01 ISK8,109	$167.26 €162.21	+188.3%
Average			+11.1%

Iceland vs. Rome - Cost of housing

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pay 86.0% more for childcare

	Iceland	Rome
Private preschool for 1 child, monthly	$258.16 ISK36,086	$508.83 €493.46	+97.1%
Middle school for 1 child, two semesters	$5,993.99 ISK837,840	$10,490.67 €10,173.76	+75.0%
Average			+86.0%

Iceland vs. Rome - Cost of childcare

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pay 36.9% less for entertainment and sports

	Iceland	Rome
Domestic/local beer (1 pint)	$9.19 ISK1,284	$5.36 €5.20	-41.7%
Cappuccino in mid-range area	$4.65 ISK650	$1.53 €1.48	-67.2%
Pack of cigarettes Marlboro or similar	$11.76 ISK1,643	$6.43 €6.24	-45.3%
Monthly membership at local gym	$61.46 ISK8,591	$58.31 €56.55	-5.1%
Movie ticket to theater/cinema	$14.35 ISK2,006	$10.72 €10.39	-25.3%
Average			-36.9%

Iceland vs. Rome - Cost of entertainment and sports

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pay 45.5% less for clothing

	Iceland	Rome
Regular jeans Levi's brand	$111.23 ISK15,548	$65.43 €63.46	-41.2%
Regular dress from H&M or similar store	$59.69 ISK8,343	$30.74 €29.81	-48.5%
Running shoes Nike or Adidas	$148.00 ISK20,687	$77.17 €74.84	-47.9%
Men's business shoes (leather)	$184.49 ISK25,789	$102.32 €99.23	-44.5%
Average			-45.5%

Iceland vs. Rome - 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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