Cost of living comparison
Iceland is 55.3% more expensive than Sweden overall.
- Restaurants
-
pay 46.1% more in Iceland
- Groceries
-
pay 27.5% more in Iceland
- Transportation
-
pay 21.2% more in Iceland
- Housing
-
pay 92.6% more in Iceland
- Childcare
-
pay 2.0 times more in Iceland
- Entertainment and Sports
-
pay 40.8% more in Iceland
- Clothing
-
pay 57.8% more in Iceland
The cost of childcare, housing, clothing, restaurants, entertainment and sports, and groceries in Iceland are more expensive than in Sweden. Notably, childcare and housing are significantly more expensive in Iceland.
If you lived in Iceland instead of Sweden, you would:
pay 46.1% more for restaurants
|
Sweden
|
Iceland
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$11.92
SEK114.65
|
$19.40
ISK2,475
|
|
|
Fast food combo meal
McDonalds, or similar
|
$9.45
SEK90.95
|
$16.94
ISK2,162
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.04
SEK19.64
|
$2.81
ISK359
|
|
| Bottle of water (11 fl. oz) |
$1.93
SEK18.55
|
$2.02
ISK258
|
|
pay 27.5% more for groceries
|
Sweden
|
Iceland
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$2.49
SEK23.92
|
$2.95
ISK377
|
|
| Local cheese (8 oz) |
$5.18
SEK49.88
|
$7.27
ISK927
|
|
| Milk (1 gallon) |
$5.43
SEK52.28
|
$6.01
ISK766
|
|
|
Eggs
1 dozen
|
$3.74
SEK35.98
|
$5.42
ISK692
|
|
| Boneless chicken breast (1 lb) |
$4.68
SEK44.99
|
$8.51
ISK1,086
|
|
| Apples (1 lb) |
$1.19
SEK11.46
|
$1.22
ISK156
|
|
| Bananas (1 lb) |
$1.06
SEK10.16
|
$1.03
ISK131
|
|
| Oranges (1 lb) |
$1.13
SEK10.92
|
$1.17
ISK149
|
|
| Tomatoes (1 lb) |
$1.73
SEK16.64
|
$1.87
ISK239
|
|
| Potatoes (1 lb) |
$0.67
SEK6.48
|
$1.23
ISK158
|
|
| Onions (1 lb) |
$0.70
SEK6.75
|
$0.78
ISK100
|
|
pay 21.2% more for transportation
|
Sweden
|
Iceland
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$6.64
SEK63.84
|
$8.36
ISK1,067
|
|
| Monthly public transit pass |
$68.10
SEK655.19
|
$71.28
ISK9,096
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$26,850.74
SEK258,316.95
|
$40,660.66
ISK5,188,707
|
|
| Taxi trip in downtown area (5 miles) |
$21.47
SEK206.51
|
$22.04
ISK2,812
|
|
pay 92.6% more for housing
|
Sweden
|
Iceland
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$30.29
SEK291.38
|
$72.17
ISK9,210
|
|
| 1-Bedroom apartment in downtown area |
$821.73
SEK7,905.41
|
$1,838.04
ISK234,552
|
|
| 1-Bedroom apartment outside city center |
$641.62
SEK6,172.70
|
$1,497.77
ISK191,130
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$77.37
SEK744.36
|
$58.01
ISK7,403
|
|
pay 2.0 times more for childcare
|
Sweden
|
Iceland
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$122.27
SEK1,176.34
|
$258.16
ISK32,944
|
|
| Middle school for 1 child, two semesters |
$3,135.75
SEK30,167.40
|
$5,993.99
ISK764,894
|
|
pay 40.8% more for entertainment and sports
|
Sweden
|
Iceland
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$6.64
SEK63.90
|
$9.19
ISK1,172
|
|
| Cappuccino in mid-range area |
$3.78
SEK36.41
|
$4.65
ISK593
|
|
|
Pack of cigarettes
Marlboro or similar
|
$6.41
SEK61.65
|
$11.76
ISK1,500
|
|
| Monthly membership at local gym |
$38.70
SEK372.30
|
$61.46
ISK7,843
|
|
| Movie ticket to theater/cinema |
$14.24
SEK136.96
|
$14.35
ISK1,831
|
|
pay 57.8% more for clothing
|
Sweden
|
Iceland
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$79.10
SEK760.95
|
$111.23
ISK14,194
|
|
|
Regular dress
from H&M or similar store
|
$35.56
SEK342.11
|
$59.69
ISK7,617
|
|
|
Running shoes
Nike or Adidas
|
$84.42
SEK812.18
|
$148.00
ISK18,886
|
|
| Men's business shoes (leather) |
$125.14
SEK1,203.90
|
$184.49
ISK23,543
|
|
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