Cost of Living Comparison Between Germany and Iceland Cost of Living Comparison Between Germany and Iceland

Name: Iceland
Address: IS

🙂 Solo nomad: Germany is 35.8% cheaper than Iceland without rent, and 42.7% cheaper with rent.

🙂 Family of 3: Germany is 37.2% cheaper than Iceland without rent, and 38.9% cheaper with rent.

Meal at Budget Restaurant

$17.58 €15.16

$26.42 ISK 3,328

-33.46%

Three-Course Dinner for Two, Mid-Range

$75.0 €64.7

$128 ISK 16.1K

-41.25%

Fast Food Meal (McDonalds, etc)

$11.54 €9.95

$19.96 ISK 2,514

-42.18%

Cappuccino

$4.10 €3.53

$5.99 ISK 755

-31.55%

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

$3.40 €2.93

$3.32 ISK 418

2.41%

Water (0.33 liter bottle)

$3.03 €2.61

$2.62 ISK 330

15.65%

Local Beer (0.5 liter draught)

$5.26 €4.53

$12.09 ISK 1,523

-56.49%

Imported Beer (0.33 liter bottle)

$4.59 €3.96

$10.65 ISK 1,341

-56.90%

Milk (1 liter)

$1.25 €1.07

$1.95 ISK 246

-35.90%

White Bread (500g)

$2.29 €1.98

$4.21 ISK 531

-45.61%

Rice (white) (1kg)

$3.37 €2.90

$3.59 ISK 452

-6.13%

Eggs

$3.79 €3.27

$6.41 ISK 808

-40.87%

Local Cheese (1kg)

$14.54 €12.54

$18.74 ISK 2,360

-22.41%

Chicken Fillets (1kg)

$14.28 €12.31

$23.89 ISK 3,010

-40.23%

Beef Round Steak (1kg)

$19.99 €17.23

$42.05 ISK 5,298

-52.46%

Apples (1kg)

$3.16 €2.72

$3.07 ISK 387

2.93%

Banana (1kg)

$1.79 €1.54

$2.50 ISK 315

-28.40%

Oranges (1kg)

$2.21 €1.91

$2.89 ISK 364

-23.53%

Tomato (1kg)

$4.73 €4.07

$4.96 ISK 625

-4.64%

Potato (1kg)

$1.55 €1.33

$3.51 ISK 442

-55.84%

Onion (1kg)

$1.63 €1.41

$2.28 ISK 287

-28.51%

Lettuce (1 head)

$1.85 €1.59

$3.09 ISK 390

-40.13%

Water (1.5 liter bottle)

$1.07 €0.92

$2.17 ISK 274

-50.69%

Cigarettes 20 Pack (Marlboro, Camel)

$9.80 €8.45

$14.28 ISK 1,799

-31.37%

Wine (Bottle)

$6.94 €5.98

$23.25 ISK 2,929

-70.15%

Local Beer (0.5 liter bottle)

$1.10 €0.95

$3.72 ISK 468

-70.43%

Imported Beer (0.33 liter bottle)

$1.62 €1.40

$3.20 ISK 404

-49.38%

One-way Ticket (Public Transport)

$3.68 €3.17

$5.29 ISK 666

-30.43%

Public Transport Monthly Pass (Regular Price)

$66.7 €57.5

$84.2 ISK 10.6K

-20.72%

Taxi Start (Normal Tariff)

$5.69 €4.90

$6.39 ISK 805

-10.95%

Taxi (Normal Tariff) (1km)

$2.28 €1.96

$2.38 ISK 300

-4.20%

Taxi 1hour Waiting (Normal Tariff)

$38.16 €32.89

$84.9 ISK 10.7K

-55.04%

Gasoline (1 liter)

$1.98 €1.70

$2.54 ISK 320

-22.05%

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

$31.8K €27.4K

$47.1K ISK 5.9M

-32.39%

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

$37.4K €32.2K

$54.5K ISK 6.9M

-31.41%

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

$354 €306

$90.6 ISK 11.4K

291.45%

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

$27.69 €23.87

$27.40 ISK 3,451

1.06%

Internet (50+ Mbps, Unlimited Data)

$51.4 €44.29

$88.2 ISK 11.1K

-41.74%

Gym Membership (Monthly)

$41.25 €35.55

$82.6 ISK 10.4K

-50.06%

Tennis Court (1 Hour on Weekend)

$24.49 €21.11

$37.13 ISK 4,677

-34.04%

Cinema Ticket

$13.87 €11.96

$17.81 ISK 2,244

-22.12%

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

$461 €397

$347 ISK 43.7K

32.72%

International Primary School, 1 Child (Yearly)

$15.2K €13.1K

$29.7K ISK 3.7M

-49.01%

Jeans (Levis 501 Or Similar)

$93.7 €80.8

$138 ISK 17.4K

-32.00%

Summer Dress (H&M, Zara, etc)

$43.43 €37.44

$62.7 ISK 7,898

-30.73%

Sport Shoes (Adidas, Nike)

$100 €86.4

$175 ISK 22.0K

-42.61%

Men's Leather Business Shoes

$133 €115

$253 ISK 31.9K

-47.44%

1-bedroom Apartment, City Center (Monthly)

$1,038 €895

$2,235 ISK 281.6K

-53.55%

1-bedroom Apartment, Outside City Center (Monthly)

$773 €667

$1,977 ISK 249.1K

-60.90%

3-bedroom Apartment, City Center (Monthly)

$1,932 €1,665

$3,150 ISK 396.8K

-38.67%

3-bedroom Apartment, Outside City Center (Monthly)

$1,451 €1,251

$2,737 ISK 344.7K

-46.99%

Buy Apartment in City Center (m2)

$6,257 €5,393

$7,399 ISK 932.0K

-15.44%

Buy Apartment Outside City Center (m2)

$4,369 €3,766

$6,095 ISK 767.8K

-28.31%

Average Monthly Net Salary (After Tax)

$3,444 €2,969

$4,487 ISK 565.2K

-23.24%

20-Year Fixed Mortgage Interest Rate (Annual %)

3.98

9.88

-59.72%

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

Last update for Germany: January 11, 2026

Last update for Iceland: January 13, 2026

Digital Nomad Cost of Living Index

Cost of Living Comparison Between Germany and Iceland Cost of Living Comparison Between Germany and Iceland

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