Cost of living in Iceland compared to India
Currency:
| Food | + 409% | |||
|---|---|---|---|---|
| Food in Iceland is 409% more expensive than in India | ||||
| Iceland | India | Diff | ||
| Basic lunchtime menu (including a drink) in the business district | 4,287 kr (₨2,488) | ₨371 | + 570% | |
| Combo meal in fast food restaurant (big mac meal or similar) | 2,748 kr (₨1,595) | ₨339 | + 370% | |
| 500 gr (1 lb.) of boneless chicken breast | 1,229 kr (₨713) | ₨172 | + 315% | |
| 1 liter (1 qt.) of whole fat milk | 251 kr (₨146) | ₨55 | + 166% | |
| 12 eggs, large | 815 kr (₨473) | ₨90 | + 427% | |
| 1 kg (2 lb.) of tomatoes | 653 kr (₨379) | ₨45 | + 749% | |
| 500 gr (16 oz.) of local cheese | 1,271 kr (₨737) | ₨236 | + 212% | |
| 1 kg (2 lb.) of apples | 429 kr (₨249) | ₨162 | + 54% | |
| 1 kg (2 lb.) of potatoes | 475 kr (₨276) | ₨32 | + 773% | |
| 0.5 l (16 oz) domestic beer in the supermarket | 760 kr (₨441) | ₨158 | + 180% | |
| 1 bottle of red table wine, good quality | 8,578 kr (₨4,978) | ₨769 | + 547% | |
| 2 liters of coca-cola | 346 kr (₨201) | ₨88 | + 127% | |
| Bread for 2 people for 1 day | 669 kr (₨388) | ₨39 | + 887% | |
| Housing | + 459% | |||
| Housing in Iceland is 459% more expensive than in India | ||||
| Iceland | India | Diff | ||
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area | 351,541 kr (₨203,991) | ₨46,976 | + 334% | |
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area | 277,929 kr (₨161,275) | ₨26,959 | + 498% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | 65,177 kr (₨37,821) | ₨5,564 | + 580% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area | 242,439 kr (₨140,681) | ₨24,930 | + 464% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area | 192,461 kr (₨111,680) | ₨14,320 | + 680% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio | 42,933 kr (₨24,913) | ₨5,294 | + 371% | |
| Internet 8 mbps (1 month) | 6,518 kr (₨3,782) | ₨659 | + 474% | |
| 40” flat screen tv | 165,479 kr (₨96,023) | ₨29,641 | + 224% | |
| Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) | 49,096 kr (₨28,489) | ₨12,041 | + 137% | |
| Laundry detergent (3 l. ~ 100 oz.) | 3,317 kr (₨1,924) | ₨548 | + 251% | |
| Hourly rate for cleaning help | 11,734 kr (₨6,809) | ₨442 | + 1439% | |
| Clothes | + 410% | |||
| Clothes in Iceland is 410% more expensive than in India | ||||
| Iceland | India | Diff | ||
| 1 pair of jeans (levis 501 or similar) | 37,157 kr (₨21,561) | ₨2,594 | + 731% | |
| 1 summer dress in a high street store (zara, h&m or similar retailers) | 15,761 kr (₨9,146) | ₨2,556 | + 258% | |
| 1 pair of sport shoes (nike, adidas, or equivalent brands) | 31,870 kr (₨18,493) | ₨4,248 | + 335% | |
| 1 pair of men’s leather business shoes | 67,739 kr (₨39,307) | ₨3,070 | + 1181% | |
| Transportation | + 245% | |||
| Transportation in Iceland is 245% more expensive than in India | ||||
| Iceland | India | Diff | ||
| Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new | 5,967,620 kr (₨3,462,865) | ₨1,062,730 | + 226% | |
| 1 liter (1/4 gallon) of gas | 334 kr (₨194) | ₨108 | + 79% | |
| Monthly ticket public transport | 12,187 kr (₨7,072) | ₨1,165 | + 507% | |
| Personal Care | + 467% | |||
| Personal Care in Iceland is 467% more expensive than in India | ||||
| Iceland | India | Diff | ||
| Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) | 713 kr (₨414) | ₨126 | + 228% | |
| 1 box of antibiotics (12 doses) | 3,600 kr (₨2,089) | ₨247 | + 746% | |
| Short visit to private doctor (15 minutes) | 24,000 kr (₨13,927) | ₨1,330 | + 947% | |
| 1 box of 32 tampons (tampax, ob, ...) | 1,114 kr (₨647) | ₨392 | + 65% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | 2,112 kr (₨1,226) | ₨206 | + 496% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | 851 kr (₨494) | ₨267 | + 85% | |
| 4 rolls of toilet paper | 1,255 kr (₨728) | ₨177 | + 310% | |
| Tube of toothpaste | 653 kr (₨379) | ₨88 | + 329% | |
| Standard men's haircut in expat area of the city | 8,660 kr (₨5,025) | ₨306 | + 1542% | |
| Entertainment | + 508% | |||
| Entertainment in Iceland is 508% more expensive than in India | ||||
| Iceland | India | Diff | ||
| Basic dinner out for two in neighborhood pub | 10,409 kr (₨6,040) | ₨1,485 | + 307% | |
| 2 tickets to the movies | 5,350 kr (₨3,104) | ₨647 | + 380% | |
| 2 tickets to the theater (best available seats) | 28,094 kr (₨16,302) | ₨1,500 | + 987% | |
| Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert | 49,122 kr (₨28,504) | ₨1,809 | + 1476% | |
| 1 cocktail drink in downtown club | 4,786 kr (₨2,777) | ₨641 | + 333% | |
| Cappuccino in expat area of the city | 989 kr (₨574) | ₨204 | + 181% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | 1,850 kr (₨1,074) | ₨179 | + 499% | |
| Ipad wi-fi 128gb | 188,000 kr (₨109,092) | ₨47,498 | + 130% | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | 70 kr (₨41) | ₨1.06 | + 3723% | |
| 1 month of gym membership in business district | 13,622 kr (₨7,905) | ₨1,773 | + 346% | |
| 1 package of marlboro cigarettes | 2,105 kr (₨1,221) | ₨236 | + 418% | |
| TOTAL | + 403% | |||
WARNING! This comparison is based on only a few data points. At this point it is only a guess. It is based on 7,774 prices entered by 1,105 different people.
These prices were last updated on January 31, 2023.
Exchange rate:
0.580
INR
/
ISK
Cost of living in Iceland is 403% more expensive than in India
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