Cost of living comparison
Iceland is 4.9% more expensive than Luxembourg.
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
€18.07
|
$19.40
ISK2,699
|
|
|
Fast food combo meal
McDonalds, or similar
|
$12.97
€12.43
|
$16.94
ISK2,357
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$3.11
€2.99
|
$2.81
ISK391
|
|
| Bottle of water (11 fl. oz) |
$2.98
€2.86
|
$2.02
ISK281
|
|
pay 6.8% more for groceries
|
Luxembourg
|
Iceland
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$3.15
€3.02
|
$2.95
ISK411
|
|
| Local cheese (8 oz) |
$9.88
€9.48
|
$7.27
ISK1,011
|
|
| Milk (1 gallon) |
$4.86
€4.66
|
$6.01
ISK836
|
|
|
Eggs
1 dozen
|
$4.25
€4.07
|
$5.42
ISK754
|
|
| Boneless chicken breast (1 lb) |
$7.68
€7.37
|
$8.51
ISK1,184
|
|
| Apples (1 lb) |
$1.19
€1.14
|
$1.22
ISK170
|
|
| Bananas (1 lb) |
$0.80
€0.77
|
$1.03
ISK143
|
|
| Oranges (1 lb) |
$1.18
€1.13
|
$1.17
ISK163
|
|
| Tomatoes (1 lb) |
$1.72
€1.65
|
$1.87
ISK261
|
|
| Potatoes (1 lb) |
$0.99
€0.95
|
$1.23
ISK172
|
|
| Onions (1 lb) |
$0.96
€0.92
|
$0.78
ISK109
|
|
pay 15.7% more for transportation
|
Luxembourg
|
Iceland
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$6.37
€6.10
|
$8.36
ISK1,163
|
|
| Monthly public transit pass | ?? |
$71.28
ISK9,917
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$26,949.84
€25,838.78
|
$40,660.66
ISK5,657,118
|
|
| Taxi trip in downtown area (5 miles) |
$34.01
€32.61
|
$22.04
ISK3,066
|
|
pay 11.3% less for housing
|
Luxembourg
|
Iceland
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$54.60
€52.35
|
$72.17
ISK10,042
|
|
| 1-Bedroom apartment in downtown area |
$1,768.97
€1,696.04
|
$1,838.04
ISK255,726
|
|
| 1-Bedroom apartment outside city center |
$1,639.77
€1,572.16
|
$1,497.77
ISK208,385
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$211.55
€202.83
|
$58.01
ISK8,072
|
|
pay 71.6% less for childcare
|
Luxembourg
|
Iceland
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$1,523.51
€1,460.70
|
$258.16
ISK35,918
|
|
| Middle school for 1 child, two semesters |
$15,004.68
€14,386.09
|
$5,993.99
ISK833,944
|
|
pay 52.2% more for entertainment and sports
|
Luxembourg
|
Iceland
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$5.20
€4.98
|
$9.19
ISK1,278
|
|
| Cappuccino in mid-range area |
$4.33
€4.16
|
$4.65
ISK647
|
|
|
Pack of cigarettes
Marlboro or similar
|
$6.16
€5.91
|
$11.76
ISK1,636
|
|
| Monthly membership at local gym |
$33.59
€32.21
|
$61.46
ISK8,551
|
|
| Movie ticket to theater/cinema |
$13.93
€13.36
|
$14.35
ISK1,996
|
|
pay 44.3% more for clothing
|
Luxembourg
|
Iceland
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$81.75
€78.38
|
$111.23
ISK15,476
|
|
|
Regular dress
from H&M or similar store
|
$41.83
€40.11
|
$59.69
ISK8,305
|
|
|
Running shoes
Nike or Adidas
|
$96.18
€92.22
|
$148.00
ISK20,591
|
|
| Men's business shoes (leather) |
$127.67
€122.41
|
$184.49
ISK25,669
|
|
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