Cost of living comparison
Iceland is 12.0% more expensive than United States overall.
- Restaurants
-
pay 20.4% more in Iceland
- Groceries
-
pay 4.5% more in Iceland
- Transportation
-
pay 48.3% more in Iceland
- Housing
-
pay 9.4% less in Iceland
- Childcare
-
pay 77.0% less in Iceland
- Entertainment and Sports
-
pay 20.3% more in Iceland
- Clothing
-
pay 76.7% more in Iceland
The cost of clothing, transportation, restaurants, entertainment and sports, and groceries in Iceland are more expensive than in United States. Expenses including childcare and housing are lower in Iceland. Notably, clothing is significantly more expensive in Iceland.
If you lived in Iceland instead of United States, you would:
pay 20.4% more for restaurants
|
United States
|
Iceland
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$18.59
|
$19.40
ISK2,564
|
|
|
Fast food combo meal
McDonalds, or similar
|
$10.47
|
$16.94
ISK2,239
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.50
|
$2.81
ISK372
|
|
| Bottle of water (11 fl. oz) |
$1.96
|
$2.02
ISK267
|
|
pay 4.5% more for groceries
|
United States
|
Iceland
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$3.49
|
$2.95
ISK390
|
|
| Local cheese (8 oz) |
$6.33
|
$7.27
ISK960
|
|
| Milk (1 gallon) |
$3.91
|
$6.01
ISK794
|
|
|
Eggs
1 dozen
|
$3.56
|
$5.42
ISK716
|
|
| Boneless chicken breast (1 lb) |
$5.16
|
$8.51
ISK1,124
|
|
| Apples (1 lb) |
$2.33
|
$1.22
ISK162
|
|
| Bananas (1 lb) |
$0.78
|
$1.03
ISK136
|
|
| Oranges (1 lb) |
$2.00
|
$1.17
ISK155
|
|
| Tomatoes (1 lb) |
$2.16
|
$1.87
ISK248
|
|
| Potatoes (1 lb) |
$1.34
|
$1.23
ISK163
|
|
| Onions (1 lb) |
$1.38
|
$0.78
ISK104
|
|
pay 48.3% more for transportation
|
United States
|
Iceland
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$3.61
|
$8.36
ISK1,105
|
|
| Monthly public transit pass |
$65.15
|
$71.28
ISK9,422
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$31,583.67
|
$40,660.66
ISK5,374,526
|
|
| Taxi trip in downtown area (5 miles) |
$17.81
|
$22.04
ISK2,913
|
|
pay 9.4% less for housing
|
United States
|
Iceland
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$67.50
|
$72.17
ISK9,540
|
|
| 1-Bedroom apartment in downtown area |
$1,655.99
|
$1,838.04
ISK242,952
|
|
| 1-Bedroom apartment outside city center |
$1,423.40
|
$1,497.77
ISK197,975
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$148.34
|
$58.01
ISK7,668
|
|
pay 77.0% less for childcare
|
United States
|
Iceland
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$1,351.84
|
$258.16
ISK34,124
|
|
| Middle school for 1 child, two semesters |
$22,265.44
|
$5,993.99
ISK792,286
|
|
pay 20.3% more for entertainment and sports
|
United States
|
Iceland
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$5.78
|
$9.19
ISK1,214
|
|
| Cappuccino in mid-range area |
$5.04
|
$4.65
ISK614
|
|
|
Pack of cigarettes
Marlboro or similar
|
$9.68
|
$11.76
ISK1,554
|
|
| Monthly membership at local gym |
$50.84
|
$61.46
ISK8,124
|
|
| Movie ticket to theater/cinema |
$13.30
|
$14.35
ISK1,897
|
|
pay 76.7% more for clothing
|
United States
|
Iceland
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$50.38
|
$111.23
ISK14,702
|
|
|
Regular dress
from H&M or similar store
|
$40.66
|
$59.69
ISK7,890
|
|
|
Running shoes
Nike or Adidas
|
$85.52
|
$148.00
ISK19,563
|
|
| Men's business shoes (leather) |
$111.08
|
$184.49
ISK24,386
|
|
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