Cost of living comparison
Iceland is 18.5% more expensive than Israel overall.
- Restaurants
-
pay 6.0% more in Iceland
- Groceries
-
pay 40.4% more in Iceland
- Transportation
-
pay 31.0% more in Iceland
- Housing
-
pay 65.2% more in Iceland
- Childcare
-
pay 59.9% less in Iceland
- Entertainment and Sports
-
pay 17.0% more in Iceland
- Clothing
-
pay 29.9% more in Iceland
The cost of housing, groceries, transportation, clothing, entertainment and sports, and restaurants in Iceland are more expensive than in Israel.
If you lived in Iceland instead of Israel, you would:
pay 6.0% more for restaurants
|
Israel
|
Iceland
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$18.92
₪69.01
|
$19.40
ISK2,608
|
|
|
Fast food combo meal
McDonalds, or similar
|
$14.73
₪53.72
|
$16.94
ISK2,278
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.61
₪9.51
|
$2.81
ISK378
|
|
| Bottle of water (11 fl. oz) |
$2.05
₪7.48
|
$2.02
ISK272
|
|
pay 40.4% more for groceries
|
Israel
|
Iceland
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$2.24
₪8.18
|
$2.95
ISK397
|
|
| Local cheese (8 oz) |
$6.94
₪25.30
|
$7.27
ISK977
|
|
| Milk (1 gallon) |
$6.77
₪24.68
|
$6.01
ISK808
|
|
|
Eggs
1 dozen
|
$3.74
₪13.63
|
$5.42
ISK729
|
|
| Boneless chicken breast (1 lb) |
$4.50
₪16.40
|
$8.51
ISK1,144
|
|
| Apples (1 lb) |
$1.39
₪5.07
|
$1.22
ISK165
|
|
| Bananas (1 lb) |
$0.90
₪3.29
|
$1.03
ISK138
|
|
| Oranges (1 lb) |
$0.79
₪2.88
|
$1.17
ISK157
|
|
| Tomatoes (1 lb) |
$0.90
₪3.27
|
$1.87
ISK252
|
|
| Potatoes (1 lb) |
$0.63
₪2.30
|
$1.23
ISK166
|
|
| Onions (1 lb) |
$0.60
₪2.19
|
$0.78
ISK106
|
|
pay 31.0% more for transportation
|
Israel
|
Iceland
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$7.15
₪26.06
|
$8.36
ISK1,124
|
|
| Monthly public transit pass |
$55.86
₪203.70
|
$71.28
ISK9,584
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$38,349.49
₪139,850.81
|
$40,660.66
ISK5,467,232
|
|
| Taxi trip in downtown area (5 miles) |
$12.71
₪46.33
|
$22.04
ISK2,963
|
|
pay 65.2% more for housing
|
Israel
|
Iceland
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$26.90
₪98.09
|
$72.17
ISK9,705
|
|
| 1-Bedroom apartment in downtown area |
$996.96
₪3,635.66
|
$1,838.04
ISK247,143
|
|
| 1-Bedroom apartment outside city center |
$867.88
₪3,164.93
|
$1,497.77
ISK201,390
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$164.21
₪598.82
|
$58.01
ISK7,801
|
|
pay 59.9% less for childcare
|
Israel
|
Iceland
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$878.81
₪3,204.79
|
$258.16
ISK34,713
|
|
| Middle school for 1 child, two semesters |
$11,812.07
₪43,075.61
|
$5,993.99
ISK805,952
|
|
pay 17.0% more for entertainment and sports
|
Israel
|
Iceland
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$7.94
₪28.96
|
$9.19
ISK1,235
|
|
| Cappuccino in mid-range area |
$3.67
₪13.39
|
$4.65
ISK625
|
|
|
Pack of cigarettes
Marlboro or similar
|
$9.64
₪35.14
|
$11.76
ISK1,581
|
|
| Monthly membership at local gym |
$64.13
₪233.88
|
$61.46
ISK8,264
|
|
| Movie ticket to theater/cinema |
$11.47
₪41.84
|
$14.35
ISK1,929
|
|
pay 29.9% more for clothing
|
Israel
|
Iceland
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$83.32
₪303.84
|
$111.23
ISK14,956
|
|
|
Regular dress
from H&M or similar store
|
$53.42
₪194.79
|
$59.69
ISK8,026
|
|
|
Running shoes
Nike or Adidas
|
$112.69
₪410.95
|
$148.00
ISK19,900
|
|
| Men's business shoes (leather) |
$128.71
₪469.37
|
$184.49
ISK24,807
|
|
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