Cost of living comparison
Spain is 24.6% cheaper than Iceland overall.
- Restaurants
-
pay 30.1% less in Spain
- Groceries
-
pay 32.2% less in Spain
- Transportation
-
pay 31.7% less in Spain
- Housing
-
pay 20.7% less in Spain
- Childcare
-
pay 36.1% more in Spain
- Entertainment and Sports
-
pay 49.7% less in Spain
- Clothing
-
pay 44.0% less in Spain
Expenses including entertainment and sports, clothing, groceries, transportation, restaurants, and housing are lower in Spain.
If you lived in Spain instead of Iceland, you would:
pay 30.1% less for restaurants
|
Iceland
|
Spain
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$19.40
ISK2,491
|
$13.87
€12.21
|
|
|
Fast food combo meal
McDonalds, or similar
|
$16.94
ISK2,176
|
$9.22
€8.11
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.81
ISK361
|
$2.13
€1.88
|
|
| Bottle of water (11 fl. oz) |
$2.02
ISK260
|
$1.58
€1.39
|
|
pay 32.2% less for groceries
|
Iceland
|
Spain
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$2.95
ISK379
|
$1.30
€1.14
|
|
| Local cheese (8 oz) |
$7.27
ISK933
|
$6.37
€5.61
|
|
| Milk (1 gallon) |
$6.01
ISK771
|
$4.16
€3.66
|
|
|
Eggs
1 dozen
|
$5.42
ISK696
|
$2.66
€2.34
|
|
| Boneless chicken breast (1 lb) |
$8.51
ISK1,093
|
$3.36
€2.96
|
|
| Apples (1 lb) |
$1.22
ISK157
|
$0.99
€0.87
|
|
| Bananas (1 lb) |
$1.03
ISK132
|
$0.81
€0.71
|
|
| Oranges (1 lb) |
$1.17
ISK150
|
$0.87
€0.76
|
|
| Tomatoes (1 lb) |
$1.87
ISK241
|
$1.13
€1.00
|
|
| Potatoes (1 lb) |
$1.23
ISK159
|
$0.72
€0.64
|
|
| Onions (1 lb) |
$0.78
ISK101
|
$0.81
€0.72
|
|
pay 31.7% less for transportation
|
Iceland
|
Spain
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$8.36
ISK1,074
|
$6.38
€5.62
|
|
| Monthly public transit pass |
$71.28
ISK9,154
|
$34.26
€30.16
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$40,660.66
ISK5,221,945
|
$33,643.92
€29,621.35
|
|
| Taxi trip in downtown area (5 miles) |
$22.04
ISK2,830
|
$14.57
€12.83
|
|
pay 20.7% less for housing
|
Iceland
|
Spain
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$72.17
ISK9,269
|
$31.87
€28.06
|
|
| 1-Bedroom apartment in downtown area |
$1,838.04
ISK236,055
|
$872.36
€768.06
|
|
| 1-Bedroom apartment outside city center |
$1,497.77
ISK192,355
|
$692.13
€609.38
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$58.01
ISK7,451
|
$103.97
€91.54
|
|
pay 36.1% more for childcare
|
Iceland
|
Spain
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$258.16
ISK33,155
|
$385.97
€339.82
|
|
| Middle school for 1 child, two semesters |
$5,993.99
ISK769,793
|
$7,352.21
€6,473.16
|
|
pay 49.7% less for entertainment and sports
|
Iceland
|
Spain
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$9.19
ISK1,180
|
$2.84
€2.50
|
|
| Cappuccino in mid-range area |
$4.65
ISK597
|
$1.98
€1.74
|
|
|
Pack of cigarettes
Marlboro or similar
|
$11.76
ISK1,510
|
$5.66
€4.98
|
|
| Monthly membership at local gym |
$61.46
ISK7,893
|
$42.87
€37.74
|
|
| Movie ticket to theater/cinema |
$14.35
ISK1,843
|
$8.63
€7.60
|
|
pay 44.0% less for clothing
|
Iceland
|
Spain
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$111.23
ISK14,285
|
$75.89
€66.81
|
|
|
Regular dress
from H&M or similar store
|
$59.69
ISK7,666
|
$32.12
€28.28
|
|
|
Running shoes
Nike or Adidas
|
$148.00
ISK19,007
|
$77.96
€68.64
|
|
| Men's business shoes (leather) |
$184.49
ISK23,694
|
$91.38
€80.46
|
|
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