Cost of living comparison

compared to

Tennessee is 23.2% more expensive than Iceland.

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

Display currency: USD

pay 14.9% less for restaurants

 
Iceland
Tennessee
Basic meal with drink at inexpensive restaurant $19.40
ISK2,709
$17.86
 
Fast food combo meal
McDonalds, or similar
$16.94
ISK2,366
$9.51
 
Bottle of Coca-Cola (11 fl. oz) $2.81
ISK393
$2.54
 

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pay 14.5% more for groceries

 
Iceland
Tennessee
Bread
1 loaf
$2.95
ISK413
$2.90
 
Local cheese (8 oz) $7.27
ISK1,015
$5.63
 
Milk (1 gallon) $6.01
ISK839
$3.62
 

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pay 40.1% less for transportation

 
Iceland
Tennessee
Gasoline (1 gallon) $8.36
ISK1,168
$3.06
 
Monthly public transit pass $71.28
ISK9,956
$41.50
 
New Volkswagen Golf 1.4 (standard edition) $40,660.66
ISK5,679,481
$31,466.25
 

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pay 24.0% more for housing

 
Iceland
Tennessee
Internet connection
50 mbps or faster, cable/dsl
$72.17
ISK10,081
$66.90
 
1-Bedroom apartment in downtown area $1,838.04
ISK256,737
$1,303.80
 
1-Bedroom apartment outside city center $1,497.77
ISK209,209
$1,173.17
 

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pay 3.4 times more for childcare

 
Iceland
Tennessee
Private preschool for 1 child, monthly $258.16
ISK36,060
$1,030.34
 
Middle school for 1 child, two semesters $5,993.99
ISK837,241
$17,284.00
 

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pay 24.4% less for entertainment and sports

 
Iceland
Tennessee
Domestic/local beer (1 pint) $9.19
ISK1,283
$5.95
 
Cappuccino in mid-range area $4.65
ISK649
$5.12
 
Pack of cigarettes
Marlboro or similar
$11.76
ISK1,642
$7.10
 

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pay 40.6% less for clothing

 
Iceland
Tennessee
Regular jeans
Levi's brand
$111.23
ISK15,537
$53.07
 
Regular dress
from H&M or similar store
$59.69
ISK8,337
$43.48
 
Running shoes
Nike or Adidas
$148.00
ISK20,673
$85.12
 

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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: November 2024
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Compare countries by overall cost of living

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

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