Last update: Oct 2026

Cost of Living Comparison Between Austin, TX and Iceland

Name: Iceland
Address: IS

For one person, living is cheaper in Austin, TX: $2,704 a month against $3,841 in Iceland, rent and utilities included – about $13,600 less a year. Rent and utilities account for about half of the difference.

129

Cost of Living Index in Austin, TX
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Austin, TX Living Index
185

Cost of Living Index in Iceland
Learn more

Iceland Living Index

Jump to prices

Austin, TX

🇺🇸 United States

$2,704

/mo nomad

🇮🇸 Iceland

$3,841

/mo nomad

🙂 Solo nomad: Austin, TX is 33.4% cheaper than Iceland without rent, and 29.6% cheaper with rent.

🙂 Family of 3: Austin, TX is 34.2% cheaper than Iceland without rent, and 21.2% cheaper with rent.

Meal at Budget Restaurant

$20.22 $20.22

$27.37 ISK 3,337

-26.12%

Three-Course Dinner for Two, Mid-Range

$85.0 $85.0

$125 ISK 15.2K

-31.90%

Fast Food Meal (McDonalds, etc)

$12.35 $12.35

$24.08 ISK 2,937

-48.71%

Cappuccino

$5.47 $5.47

$6.19 ISK 755

-11.63%

Coke/Pepsi/Fanta/Sprite (0.33 liter bottle)

$3.82 $3.82

$3.15 ISK 384

21.27%

Water (0.33 liter bottle)

$2.50 $2.50

$2.99 ISK 365

-16.39%

Local Beer (0.5 liter draught)

$8.06 $8.06

$12.47 ISK 1,521

-35.36%

Imported Beer (0.33 liter bottle)

$8.99 $8.99

$12.50 ISK 1,524

-28.08%

Milk (1 liter)

$1.13 $1.13

$2.11 ISK 258

-46.45%

White Bread (500g)

$3.78 $3.78

$4.09 ISK 499

-7.58%

Rice (white) (1kg)

$3.25 $3.25

$3.45 ISK 421

-5.80%

Eggs

$4.14 $4.14

$7.23 ISK 882

-42.74%

Local Cheese (1kg)

$13.08 $13.08

$20.83 ISK 2,541

-37.21%

Chicken Fillets (1kg)

$14.31 $14.31

$24.61 ISK 3,001

-41.85%

Beef Round Steak (1kg)

$15.96 $15.96

$42.36 ISK 5,166

-62.32%

Apples (1kg)

$4.38 $4.38

$3.17 ISK 387

38.17%

Banana (1kg)

$1.45 $1.45

$2.72 ISK 332

-46.69%

Oranges (1kg)

$4.54 $4.54

$3.20 ISK 390

41.87%

Tomato (1kg)

$4.19 $4.19

$5.94 ISK 724

-29.46%

Potato (1kg)

$2.63 $2.63

$3.96 ISK 483

-33.59%

Onion (1kg)

$2.36 $2.36

$1.85 ISK 226

27.57%

Lettuce (1 head)

$1.76 $1.76

$3.62 ISK 441

-51.38%

Water (1.5 liter bottle)

$2.16 $2.16

$1.93 ISK 236

11.92%

Cigarettes 20 Pack (Marlboro, Camel)

$9.81 $9.81

$14.12 ISK 1,721

-30.52%

Wine (Bottle)

$14.72 $14.72

$23.36 ISK 2,849

-36.99%

Local Beer (0.5 liter bottle)

$2.78 $2.78

$3.72 ISK 454

-25.27%

Imported Beer (0.33 liter bottle)

$3.48 $3.48

$3.25 ISK 396

7.08%

One-way Ticket (Public Transport)

$1.49 $1.49

$5.54 ISK 676

-73.10%

Public Transport Monthly Pass (Regular Price)

$40.51 $40.51

$92.7 ISK 11.3K

-56.30%

Taxi Start (Normal Tariff)

$2.67 $2.67

$6.87 ISK 838

-61.14%

Taxi (Normal Tariff) (1km)

$1.58 $1.58

$2.90 ISK 354

-45.52%

Taxi 1hour Waiting (Normal Tariff)

$35.29 $35.29

$81.6 ISK 9,947

-56.73%

Gasoline (1 liter)

$0.99 $0.99

$2.36 ISK 288

-58.05%

Midsize Hatchback 1.4l (Volkswagen Golf, Toyota Prius, Honda Civic, etc)

$35.8K $35.8K

$50.2K ISK 6.1M

-28.72%

Compact Sedan 1.6l (Toyota Corolla, Mazda3, Kia K4, Hyundai Elantra, etc)

$27.2K $27.2K

$53.5K ISK 6.5M

-49.24%

Utilities for 2 People in 2-bedroom Apartment (Heating, Electricity, Gas, Water, Garbage) (85m2)

$219 $219

$96.5 ISK 11.8K

127.18%

SIM Card Monthly Plan (Calls and 10GB+ Data)

$58.0 $58.0

$30.37 ISK 3,704

90.95%

Internet (50+ Mbps, Unlimited Data)

$68.4 $68.4

$88.0 ISK 10.7K

-22.27%

Gym Membership (Monthly)

$57.9 $57.9

$89.8 ISK 11.0K

-35.55%

Tennis Court (1 Hour on Weekend)

$14.82 $14.82

$50.7 ISK 6,183

-70.77%

Cinema Ticket

$14.13 $14.13

$18.98 ISK 2,314

-25.55%

Preschool or Kindergarten, Full Day, Private, 1 Child (Monthly)

$1,509 $1,509

$1,053 ISK 128.4K

43.27%

International Primary School, 1 Child (Yearly)

$21.5K $21.5K

$30.4K ISK 3.7M

-29.45%

Jeans (Levis 501 Or Similar)

$51.7 $51.7

$154 ISK 18.8K

-66.56%

Summer Dress (H&M, Zara, etc)

$44.05 $44.05

$48.13 ISK 5,869

-8.48%

Sport Shoes (Adidas, Nike)

$85.1 $85.1

$175 ISK 21.4K

-51.47%

Men's Leather Business Shoes

$105 $105

$231 ISK 28.2K

-54.45%

1-bedroom Apartment, City Center (Monthly)

$1,932 $1,932

$2,476 ISK 301.9K

-21.96%

1-bedroom Apartment, Outside City Center (Monthly)

$1,272 $1,272

$1,968 ISK 240.0K

-35.35%

3-bedroom Apartment, City Center (Monthly)

$3,670 $3,670

$3,333 ISK 406.4K

10.13%

3-bedroom Apartment, Outside City Center (Monthly)

$2,525 $2,525

$2,708 ISK 330.2K

-6.75%

Buy Apartment in City Center (m2)

$7,617 $7,617

$7,695 ISK 938.4K

-1.01%

Buy Apartment Outside City Center (m2)

$3,199 $3,199

$6,295 ISK 767.7K

-49.18%

Average Monthly Net Salary (After Tax)

$5,105 $5,105

$4,795 ISK 584.8K

6.45%

20-Year Fixed Mortgage Interest Rate (Annual %)

6.79

9.29

-26.91%

CityCost data is based on AI and user input – minor inaccuracies may occur.

Last update for Austin, TX: October 5, 2026

Last update for Iceland: October 3, 2026

Monthly budget structure

Share of the monthly basket for one person, rent included.

Accommodation & Living

Austin, TX

$1.3K 48.2%

Iceland

$2K 51.6% 54.7% $696

Groceries & Markets

Austin, TX

$403 15.3%

Iceland

$617 16.2% 53.2% $214

Eating Out

Austin, TX

$348 13.2%

Iceland

$477 12.5% 37.2% $129

Monthly Utilities & Internet

Austin, TX

$346 13.1%

Iceland

$215 5.6% 37.8% $131

Clothing & Footwear

Austin, TX

$129 4.9%

Iceland

$274 7.2% 113% $145

Sport & Entertainment

Austin, TX

$86 3.3%

Iceland

$128 3.4% 48.3% $42

Getting Around

Austin, TX

$57 2.2%

Iceland

$136 3.6% 139% $79

Good to know

🇺🇸 Austin, TX

🇮🇸 Iceland

🕒 Local time

02:53 2:53 AM

07:53 7:53 AM

5 h ahead of Austin, TX

🌤 Weather

👥 Population

974,447

364,260

💱 Currency

United States Dollar USD $

Icelandic Króna ISK kr

📈 Exchange rate

1 USD = 0.892 EUR

1,000 ISK = 8.2 USD

1,000 ISK = 7.31 EUR

Exchange rates and currency converter

ISK, EUR to USD – United States Dollar Converter

🇮🇸 Icelandic Króna (kr)

🇺🇸 United States Dollar ($)

United States Dollar exchange rates as of October 10, 2026: 1 EUR = 1.12 USD (1 USD = 0.892 EUR).

Icelandic Króna exchange rates as of October 10, 2026: 1 USD = 122 ISK (1,000 ISK = 8.2 USD). 1 EUR = 137 ISK (1,000 ISK = 7.31 EUR).

ISK to USD in detail →

On the map

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Between locations

Austin, TX Iceland 6,330 km ≈ 8 h nonstop flight

From you

Austin, TX
Iceland

Distances are measured in a straight line. Your location is detected approximately.

City Median Internet Speeds Comparison (Updated April 2026)

The chart highlights the Precision Threshold for mobile and fixed broadband internet speeds, updated quarterly.

Digital Nomad Cost of Living Index

Austin, TX vs other spots: cost of living compared

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