Cost of living comparison

 Prague, Czech Republic
compared to
 Keflavik, Iceland
Keflavik vs. Prague Cost of Living Summary

Keflavik is 47.8% more expensive than Prague.

Restaurants
pay 72.2% more in Keflavik
Groceries
pay 57.3% more in Keflavik
Transportation
pay 2.1 times more in Keflavik
Housing
pay 44.4% more in Keflavik
Childcare
pay 56.8% less in Keflavik
Entertainment and Sports
pay 62.5% more in Keflavik
Clothing
pay 46.3% more in Keflavik

The cost of transportation, restaurants, entertainment and sports, groceries, clothing, and housing in Keflavik are more expensive than in Prague. Notably, transportation is significantly more expensive in Keflavik.

Keflavik vs. Prague Cost Breakdown

If you lived in Keflavik instead of Prague, you would:

pay 72.2% more for restaurants

 
Prague
Keflavik
Basic meal with drink at inexpensive restaurant $10.61
CZK222.10
$20.00
ISK2,418
Fast food combo meal
McDonalds, or similar
$8.49
CZK177.68
$15.10
ISK1,826
Bottle of Coca-Cola (11 fl. oz) $1.74
CZK36.46
$2.88
ISK349

Improve prices ·

pay 57.3% more for groceries

 
Prague
Keflavik
Bread
1 loaf
$1.42
CZK29.77
$3.61
ISK437
Local cheese (8 oz) $5.99
CZK125.39
$7.76
ISK938
Milk (1 gallon) $3.96
CZK82.84
$6.40
ISK774

Improve prices ·

pay 2.1 times more for transportation

 
Prague
Keflavik
Gasoline (1 gallon) $6.13
CZK128.28
$8.49
ISK1,027
Monthly public transit pass $23.35
CZK488.63
$80.36
ISK9,718
New Volkswagen Golf 1.4 (standard edition) $25,475.49
CZK533,049.16
$42,450.45
ISK5,133,533

Improve prices ·

pay 44.4% more for housing

 
Prague
Keflavik
Internet connection
50 mbps or faster, cable/dsl
$19.68
CZK411.70
$64.86
ISK7,844
1-Bedroom apartment in downtown area $1,128.35
CZK23,609.64
$1,345.35
ISK162,693
1-Bedroom apartment outside city center $837.45
CZK17,522.82
$960.96
ISK116,209

Improve prices ·

pay 56.8% less for childcare

 
Prague
Keflavik
Private preschool for 1 child, monthly $713.18
CZK14,922.63
$252.14
ISK30,491
Middle school for 1 child, two semesters $11,763.21
CZK246,133.33
$5,993.99
ISK724,854

Improve prices ·

pay 62.5% more for entertainment and sports

 
Prague
Keflavik
Domestic/local beer (1 pint) $2.40
CZK50.20
$7.57
ISK915
Cappuccino in mid-range area $3.08
CZK64.38
$3.57
ISK431
Pack of cigarettes
Marlboro or similar
$6.54
CZK136.82
$10.77
ISK1,303

Improve prices ·

pay 46.3% more for clothing

 
Prague
Keflavik
Regular jeans
Levi's brand
$82.44
CZK1,724.98
$108.97
ISK13,178
Regular dress
from H&M or similar store
$36.17
CZK756.86
$49.72
ISK6,013
Running shoes
Nike or Adidas
$92.56
CZK1,936.75
$151.85
ISK18,364

Improve prices ·
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: July 2025
Share this

Compare countries by overall cost of living

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

Help us improve these prices

MyLifeElsewhere is a collaborative project. Please enter price information for your location to help assist us in making these comparisons more accurate. Learn more

ASK THE ELSEWHERE COMMUNITY

Join the Elsewhere community and ask a question about Keflavik or Prague. It's a free, question-and-answer based forum to discuss what life is like in countries and cities around the world.