- Cost of Living
- Iceland
- United States
- Comparison
Cost of living in Iceland compared to United States
Currency:
| Food | + 49% | |||
|---|---|---|---|---|
| Food in Iceland is 49% more expensive than in United States | ||||
| Basic lunchtime menu (including a drink) in the business district | 2,631 kr ($21) | $14 | + 52% | |
| Combo meal in fast food restaurant (Big Mac Meal or similar) | 1,757 kr ($14) | $8 | + 87% | |
| 500 gr (1 lb.) of boneless chicken breast | 1,138 kr ($9) | $4.54 | + 103% | |
| 1 liter (1 qt.) of whole fat milk | 161 kr ($1.31) | $0.89 | + 46% | |
| 12 eggs, large | 797 kr ($6) | $3.18 | + 104% | |
| 1 kg (2 lb.) of tomatoes | 625 kr ($5.07) | $4.03 | + 26% | |
| 500 gr (16 oz.) of local cheese | 1,147 kr ($9) | $6 | + 47% | |
| 1 kg (2 lb.) of apples | 479 kr ($3.89) | $3.34 | + 16% | |
| 1 kg (2 lb.) of potatoes | 371 kr ($3.02) | $1.60 | + 89% | |
| 0.5 l (16 oz) domestic beer in the supermarket | 393 kr ($3.19) | $3.43 | - 7% | |
| 1 bottle of red table wine, good quality | 2,917 kr ($24) | $15 | + 60% | |
| 2 liters of Coca-Cola | 290 kr ($2.35) | $1.91 | + 23% | |
| Bread for 2 people for 1 day | 331 kr ($2.69) | $2.13 | + 26% | |
| Housing | + 11% | |||
| Housing in Iceland is 11% more expensive than in United States | ||||
| Monthly rent for 85 m2 (900 Sqft) furnished accommodation in EXPENSIVE area | 260,225 kr ($2,112) | $2,043 | + 3% | |
| Monthly rent for 85 m2 (900 Sqft) furnished accommodation in NORMAL area | 241,367 kr ($1,959) | $1,582 | + 24% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | 12,235 kr ($99) | $177 | - 44% | |
| Monthly rent for a 45 m2 (480 Sqft) furnished studio in EXPENSIVE area | 210,487 kr ($1,709) | $1,584 | + 8% | |
| Monthly rent for a 45 m2 (480 Sqft) furnished studio in NORMAL area | 162,053 kr ($1,315) | $1,129 | + 17% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 Sqft) studio | 22,017 kr ($179) | $121 | + 47% | |
| Internet 8 Mbps (1 month) | 6,670 kr ($54) | $48 | + 13% | |
| 40” flat screen TV | 85,746 kr ($696) | $334 | + 108% | |
| Microwave 800/900 Watt (Bosch, Panasonic, LG, Sharp, or equivalent brands) | 20,510 kr ($166) | $119 | + 40% | |
| Laundry detergent (3 l. ~ 100 oz.) | 1,804 kr ($15) | $11 | + 35% | |
| Hourly rate for cleaning help | 3,491 kr ($28) | $23 | + 26% | |
| Clothes | + 95% | |||
| Clothes in Iceland is 95% more expensive than in United States | ||||
| 1 pair of jeans (Levis 501 or similar) | 15,967 kr ($130) | $47 | + 175% | |
| 1 summer dress in a High Street Store (Zara, H&M or similar retailers) | 9,525 kr ($77) | $45 | + 73% | |
| 1 pair of sport shoes (Nike, Adidas, or equivalent brands) | 19,996 kr ($162) | $85 | + 90% | |
| 1 pair of men’s leather business shoes | 28,733 kr ($233) | $114 | + 104% | |
| Transportation | + 20% | |||
| Transportation in Iceland is 20% more expensive than in United States | ||||
| Volkswagen Golf 1.4 TSI 150 CV (or equivalent), with no extras, new | 3,426,470 kr ($27,815) | $22,348 | + 24% | |
| 1 liter (1/4 gallon) of gas | 216 kr ($1.75) | $0.77 | + 127% | |
| Monthly ticket public transport | 11,490 kr ($93) | $85 | + 9% | |
| Personal Care | - 0% | |||
| Personal Care in Iceland is 0% cheaper than in United States | ||||
| Cold medicine for 6 days (Tylenol, Frenadol, Coldrex, or equivalent brands) | 1,711 kr ($14) | $7 | + 97% | |
| 1 box of antibiotics (12 doses) | 1,601 kr ($13) | $19 | - 30% | |
| Short visit to private Doctor (15 minutes) | 4,541 kr ($37) | $112 | - 67% | |
| 1 box of 32 tampons (Tampax, OB, ...) | 498 kr ($4.05) | $7 | - 40% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | 622 kr ($5.05) | $3.50 | + 44% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | 967 kr ($8) | $5.13 | + 53% | |
| 4 rolls of toilet paper | 571 kr ($4.63) | $3.47 | + 34% | |
| Tube of toothpaste | 350 kr ($2.84) | $1.85 | + 53% | |
| Standard men's haircut in expat area of the city | 5,582 kr ($45) | $21 | + 121% | |
| Entertainment | + 25% | |||
| Entertainment in Iceland is 25% more expensive than in United States | ||||
| Basic dinner out for two in neighborhood pub | 6,466 kr ($52) | $45 | + 17% | |
| 2 tickets to the movies | 3,094 kr ($25) | $25 | + 1% | |
| 2 tickets to the theater (best available seats) | 11,063 kr ($90) | $172 | - 48% | |
| Dinner for two at an Italian restaurant in the expat area including appetisers, main course, wine and dessert | 9,252 kr ($75) | $79 | - 5% | |
| 1 cocktail drink in downtown club | 2,428 kr ($20) | $12 | + 70% | |
| Cappuccino in expat area of the city | 655 kr ($5.32) | $4.87 | + 9% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | 1,090 kr ($9) | $5.89 | + 50% | |
| iPad Wi-Fi 128GB | 84,869 kr ($689) | $425 | + 62% | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | 64 kr ($0.52) | $0.34 | + 56% | |
| 1 month of gym membership in business district | 8,232 kr ($67) | $54 | + 24% | |
| 1 package of Marlboro cigarettes | 1,454 kr ($12) | $8 | + 49% | |
| TOTAL | + 25% | |||
These prices were last updated on December 12, 2018.
Exchange rate:
0.00812
USD
/
ISK
This comparison is based on abundant and consistent data. It is based on 93,162 prices entered by 13,422 different people.
Cost of living in Iceland is 25% more expensive than in United States
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