Cost of living comparison
Iceland is 4.9% more expensive than Luxembourg overall.
- Restaurants
-
pay 2.1% less in Iceland
- Groceries
-
pay 6.8% more in Iceland
- Transportation
-
pay 15.7% more in Iceland
- Housing
-
pay 11.3% less in Iceland
- Childcare
-
pay 71.6% less in Iceland
- Entertainment and Sports
-
pay 52.2% more in Iceland
- Clothing
-
pay 44.3% more in Iceland
The cost of entertainment and sports, clothing, transportation, and groceries in Iceland are more expensive than in Luxembourg. Expenses including childcare, housing, and restaurants are lower in Iceland.
If you lived in Iceland instead of Luxembourg, you would:
pay 2.1% less for restaurants
|
Luxembourg
|
Iceland
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$18.85
€16.57
|
$19.40
ISK2,475
|
|
|
Fast food combo meal
McDonalds, or similar
|
$12.97
€11.40
|
$16.94
ISK2,162
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$3.11
€2.74
|
$2.81
ISK359
|
|
| Bottle of water (11 fl. oz) |
$2.98
€2.62
|
$2.02
ISK258
|
|
pay 6.8% more for groceries
|
Luxembourg
|
Iceland
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$3.15
€2.77
|
$2.95
ISK377
|
|
| Local cheese (8 oz) |
$9.88
€8.69
|
$7.27
ISK927
|
|
| Milk (1 gallon) |
$4.86
€4.27
|
$6.01
ISK766
|
|
|
Eggs
1 dozen
|
$4.25
€3.74
|
$5.42
ISK692
|
|
| Boneless chicken breast (1 lb) |
$7.68
€6.76
|
$8.51
ISK1,086
|
|
| Apples (1 lb) |
$1.19
€1.05
|
$1.22
ISK156
|
|
| Bananas (1 lb) |
$0.80
€0.70
|
$1.03
ISK131
|
|
| Oranges (1 lb) |
$1.18
€1.04
|
$1.17
ISK149
|
|
| Tomatoes (1 lb) |
$1.72
€1.51
|
$1.87
ISK239
|
|
| Potatoes (1 lb) |
$0.99
€0.87
|
$1.23
ISK158
|
|
| Onions (1 lb) |
$0.96
€0.85
|
$0.78
ISK100
|
|
pay 15.7% more for transportation
|
Luxembourg
|
Iceland
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$6.37
€5.60
|
$8.36
ISK1,067
|
|
| Monthly public transit pass | ?? |
$71.28
ISK9,096
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$26,949.84
€23,697.56
|
$40,660.66
ISK5,188,707
|
|
| Taxi trip in downtown area (5 miles) |
$34.01
€29.91
|
$22.04
ISK2,812
|
|
pay 11.3% less for housing
|
Luxembourg
|
Iceland
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$54.60
€48.01
|
$72.17
ISK9,210
|
|
| 1-Bedroom apartment in downtown area |
$1,768.97
€1,555.49
|
$1,838.04
ISK234,552
|
|
| 1-Bedroom apartment outside city center |
$1,639.77
€1,441.88
|
$1,497.77
ISK191,130
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$211.55
€186.02
|
$58.01
ISK7,403
|
|
pay 71.6% less for childcare
|
Luxembourg
|
Iceland
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$1,523.51
€1,339.66
|
$258.16
ISK32,944
|
|
| Middle school for 1 child, two semesters |
$15,004.68
€13,193.93
|
$5,993.99
ISK764,894
|
|
pay 52.2% more for entertainment and sports
|
Luxembourg
|
Iceland
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$5.20
€4.57
|
$9.19
ISK1,172
|
|
| Cappuccino in mid-range area |
$4.33
€3.81
|
$4.65
ISK593
|
|
|
Pack of cigarettes
Marlboro or similar
|
$6.16
€5.42
|
$11.76
ISK1,500
|
|
| Monthly membership at local gym |
$33.59
€29.54
|
$61.46
ISK7,843
|
|
| Movie ticket to theater/cinema |
$13.93
€12.25
|
$14.35
ISK1,831
|
|
pay 44.3% more for clothing
|
Luxembourg
|
Iceland
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$81.75
€71.88
|
$111.23
ISK14,194
|
|
|
Regular dress
from H&M or similar store
|
$41.83
€36.78
|
$59.69
ISK7,617
|
|
|
Running shoes
Nike or Adidas
|
$96.18
€84.58
|
$148.00
ISK18,886
|
|
| Men's business shoes (leather) |
$127.67
€112.26
|
$184.49
ISK23,543
|
|
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