Cost of living in Iceland compared to Spain
Currency:
| Food | + 129% | |||
|---|---|---|---|---|
| Food in Iceland is 129% more expensive than in Spain | ||||
| Iceland | Spain | Diff | ||
| Basic lunchtime menu (including a drink) in the business district | 4,437 kr (€32) | €16 | + 97% | |
| Combo meal in fast food restaurant (big mac meal or similar) | 2,538 kr (€18) | €9 | + 112% | |
| 500 gr (1 lb.) of boneless chicken breast | 1,018 kr (€7) | €3.51 | + 107% | |
| 1 liter (1 qt.) of whole fat milk | 216 kr (€1.54) | €0.87 | + 78% | |
| 12 eggs, large | 720 kr (€5.14) | €2.44 | + 111% | |
| 1 kg (2 lb.) of tomatoes | 706 kr (€5.04) | €1.71 | + 195% | |
| 500 gr (16 oz.) of local cheese | 1,069 kr (€8) | €6 | + 21% | |
| 1 kg (2 lb.) of apples | 270 kr (€1.93) | €1.84 | + 5% | |
| 1 kg (2 lb.) of potatoes | 414 kr (€2.96) | €1.18 | + 151% | |
| 0.5 l (16 oz) domestic beer in the supermarket | 463 kr (€3.31) | €0.93 | + 255% | |
| 1 bottle of red table wine, good quality | 2,821 kr (€20) | €6 | + 212% | |
| 2 liters of coca-cola | 309 kr (€2.21) | €1.79 | + 24% | |
| Bread for 2 people for 1 day | 492 kr (€3.52) | €0.92 | + 282% | |
| Housing | + 126% | |||
| Housing in Iceland is 126% more expensive than in Spain | ||||
| Iceland | Spain | Diff | ||
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area | 321,832 kr (€2,300) | €1,184 | + 94% | |
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area | 273,369 kr (€1,954) | €766 | + 155% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | 54,829 kr (€392) | €121 | + 223% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area | 194,385 kr (€1,389) | €734 | + 89% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area | 161,707 kr (€1,156) | €540 | + 114% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio | 30,820 kr (€220) | €80 | + 174% | |
| Internet 8 mbps (1 month) | 8,104 kr (€58) | €30 | + 93% | |
| 40” flat screen tv | 94,218 kr (€673) | €362 | + 86% | |
| Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) | 48,000 kr (€343) | €95 | + 262% | |
| Laundry detergent (3 l. ~ 100 oz.) | 3,700 kr (€26) | €7 | + 298% | |
| Hourly rate for cleaning help | 6,316 kr (€45) | €11 | + 325% | |
| Clothes | + 129% | |||
| Clothes in Iceland is 129% more expensive than in Spain | ||||
| Iceland | Spain | Diff | ||
| 1 pair of jeans (levis 501 or similar) | 15,379 kr (€110) | €71 | + 54% | |
| 1 summer dress in a high street store (zara, h&m or similar retailers) | 11,736 kr (€84) | €29 | + 192% | |
| 1 pair of sport shoes (nike, adidas, or equivalent brands) | 27,493 kr (€196) | €79 | + 148% | |
| 1 pair of men’s leather business shoes | 26,006 kr (€186) | €89 | + 109% | |
| Transportation | + 59% | |||
| Transportation in Iceland is 59% more expensive than in Spain | ||||
| Iceland | Spain | Diff | ||
| Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new | 6,113,730 kr (€43,692) | €24,156 | + 81% | |
| 1 liter (1/4 gallon) of gas | 320 kr (€2.29) | €1.72 | + 33% | |
| Monthly ticket public transport | 9,265 kr (€66) | €40 | + 64% | |
| Personal Care | + 118% | |||
| Personal Care in Iceland is 118% more expensive than in Spain | ||||
| Iceland | Spain | Diff | ||
| Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) | 680 kr (€4.86) | €5.14 | - 5% | |
| 1 box of antibiotics (12 doses) | 2,068 kr (€15) | €6 | + 132% | |
| Short visit to private doctor (15 minutes) | - | €61 | - | |
| 1 box of 32 tampons (tampax, ob, ...) | 950 kr (€7) | €3.88 | + 75% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | 1,395 kr (€10) | €2.40 | + 316% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | 685 kr (€4.90) | €2.85 | + 72% | |
| 4 rolls of toilet paper | 638 kr (€4.56) | €1.55 | + 194% | |
| Tube of toothpaste | 454 kr (€3.25) | €1.87 | + 74% | |
| Standard men's haircut in expat area of the city | 6,773 kr (€48) | €17 | + 181% | |
| Entertainment | + 58% | |||
| Entertainment in Iceland is 58% more expensive than in Spain | ||||
| Iceland | Spain | Diff | ||
| Basic dinner out for two in neighborhood pub | 4,944 kr (€35) | €31 | + 12% | |
| 2 tickets to the movies | 4,170 kr (€30) | €16 | + 85% | |
| 2 tickets to the theater (best available seats) | 16,317 kr (€117) | €47 | + 147% | |
| Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert | 14,878 kr (€106) | €42 | + 151% | |
| 1 cocktail drink in downtown club | 3,005 kr (€21) | €10 | + 116% | |
| Cappuccino in expat area of the city | 785 kr (€5.61) | €2.69 | + 109% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | 1,516 kr (€11) | €4.20 | + 158% | |
| Ipad wi-fi 128gb | 11,800 kr (€84) | €438 | - 81% | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | 20 kr (€0.14) | €0.18 | - 23% | |
| 1 month of gym membership in business district | 13,024 kr (€93) | €45 | + 109% | |
| 1 package of marlboro cigarettes | 2,298 kr (€16) | €4.97 | + 230% | |
| TOTAL | + 98% | |||
This comparison has some inconsistent or sparse data. It already provides a reliable comparison but it is not bullet-proof. It is based on 7,196 prices entered by 1,119 different people.
These prices were last updated on June 30, 2022.
Exchange rate:
0.00715
EUR
/
ISK
Cost of living in Iceland is 98% more expensive than in Spain
Other Country Comparisons
- Cost of living in Angola is 31% more expensive than in Spain
- Cost of living in Albania is 27% cheaper than in Spain
- Cost of living in Netherlands Antilles is 32% more expensive than in Spain
- Cost of living in American Samoa is in Spain
- Cost of living in Argentina is 25% cheaper than in Spain
- Cost of living in Anguilla is 118% more expensive than in Spain
- Cost of living in Antigua and Barbuda is 38% more expensive than in Spain
- Cost of living in Armenia is 16% cheaper than in Spain