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

Name: Iceland
Address: IS

🙂 Solo nomad: Germany is 37.9% cheaper than Iceland without rent, and 43.2% cheaper with rent.

🙂 Family of 3: Germany is 37.9% cheaper than Iceland without rent, and 38.8% cheaper with rent.

Meal at Budget Restaurant

$17.57 €15.14

$27.05 ISK 3,385

-35.05%

Three-Course Dinner for Two, Mid-Range

$75.7 €65.2

$130 ISK 16.3K

-42.03%

Fast Food Meal (McDonalds, etc)

$11.67 €10.06

$20.18 ISK 2,526

-42.17%

Cappuccino

$3.96 €3.41

$6.04 ISK 756

-34.44%

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

$3.31 €2.85

$3.31 ISK 415

Water (0.33 liter bottle)

$2.95 €2.54

$2.67 ISK 334

10.49%

Local Beer (0.5 liter draught)

$5.08 €4.38

$12.15 ISK 1,520

-58.19%

Imported Beer (0.33 liter bottle)

$4.75 €4.09

$10.26 ISK 1,283

-53.70%

Milk (1 liter)

$1.26 €1.09

$1.85 ISK 231

-31.89%

White Bread (500g)

$2.17 €1.87

$4.08 ISK 511

-46.81%

Rice (white) (1kg)

$3.48 €3.00

$3.58 ISK 448

-2.79%

Eggs

$3.73 €3.22

$6.57 ISK 822

-43.23%

Local Cheese (1kg)

$14.79 €12.75

$18.48 ISK 2,313

-19.97%

Chicken Fillets (1kg)

$14.35 €12.37

$24.80 ISK 3,103

-42.14%

Beef Round Steak (1kg)

$20.13 €17.35

$42.58 ISK 5,328

-52.72%

Apples (1kg)

$3.25 €2.80

$3.02 ISK 378

7.62%

Banana (1kg)

$1.89 €1.63

$2.43 ISK 304

-22.22%

Oranges (1kg)

$2.31 €1.99

$2.89 ISK 362

-20.07%

Tomato (1kg)

$4.76 €4.10

$5.00 ISK 625

-4.80%

Potato (1kg)

$1.55 €1.33

$3.68 ISK 460

-57.88%

Onion (1kg)

$1.61 €1.39

$2.19 ISK 274

-26.48%

Lettuce (1 head)

$1.93 €1.66

$3.10 ISK 388

-37.74%

Water (1.5 liter bottle)

$1.12 €0.96

$2.23 ISK 279

-49.78%

Cigarettes 20 Pack (Marlboro, Camel)

$9.99 €8.61

$14.49 ISK 1,813

-31.06%

Wine (Bottle)

$6.86 €5.92

$23.38 ISK 2,926

-70.66%

Local Beer (0.5 liter bottle)

$1.10 €0.95

$3.58 ISK 448

-69.27%

Imported Beer (0.33 liter bottle)

$1.65 €1.42

$3.09 ISK 386

-46.60%

One-way Ticket (Public Transport)

$3.81 €3.28

$5.35 ISK 669

-28.79%

Public Transport Monthly Pass (Regular Price)

$68.2 €58.8

$82.3 ISK 10.3K

-17.15%

Taxi Start (Normal Tariff)

$5.83 €5.02

$6.52 ISK 816

-10.58%

Taxi (Normal Tariff) (1km)

$2.26 €1.95

$2.28 ISK 285

-0.88%

Taxi 1hour Waiting (Normal Tariff)

$38.25 €32.97

$84.9 ISK 10.6K

-54.95%

Gasoline (1 liter)

$2.02 €1.74

$2.57 ISK 322

-21.40%

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

$30.9K €26.6K

$46.8K ISK 5.9M

-33.94%

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

$36.9K €31.8K

$53.6K ISK 6.7M

-31.05%

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

$347 €300

$90.2 ISK 11.3K

285.36%

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

$27.81 €23.97

$27.47 ISK 3,437

1.24%

Internet (50+ Mbps, Unlimited Data)

$51.9 €44.74

$87.5 ISK 10.9K

-40.68%

Gym Membership (Monthly)

$41.03 €35.37

$82.0 ISK 10.3K

-49.96%

Tennis Court (1 Hour on Weekend)

$25.28 €21.79

$37.43 ISK 4,683

-32.46%

Cinema Ticket

$13.96 €12.03

$17.29 ISK 2,164

-19.26%

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

$467 €403

$351 ISK 43.9K

33.25%

International Primary School, 1 Child (Yearly)

$15.0K €12.9K

$29.9K ISK 3.7M

-49.98%

Jeans (Levis 501 Or Similar)

$92.3 €79.5

$137 ISK 17.1K

-32.55%

Summer Dress (H&M, Zara, etc)

$44.26 €38.15

$64.8 ISK 8,104

-31.67%

Sport Shoes (Adidas, Nike)

$102 €87.9

$174 ISK 21.8K

-41.56%

Men's Leather Business Shoes

$134 €116

$255 ISK 31.9K

-47.34%

1-bedroom Apartment, City Center (Monthly)

$1,040 €896

$2,207 ISK 276.2K

-52.89%

1-bedroom Apartment, Outside City Center (Monthly)

$769 €663

$2,013 ISK 251.9K

-61.80%

3-bedroom Apartment, City Center (Monthly)

$1,922 €1,657

$3,123 ISK 390.8K

-38.47%

3-bedroom Apartment, Outside City Center (Monthly)

$1,470 €1,267

$2,712 ISK 339.4K

-45.81%

Buy Apartment in City Center (m2)

$6,154 €5,305

$7,651 ISK 957.3K

-19.56%

Buy Apartment Outside City Center (m2)

$4,263 €3,675

$6,259 ISK 783.2K

-31.89%

Average Monthly Net Salary (After Tax)

$3,420 €2,948

$4,671 ISK 584.5K

-26.77%

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: March 2, 2026

Last update for Iceland: March 2, 2026

City Median Internet Speeds Comparison (Updated January 2026)

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

Digital Nomad Cost of Living Index

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

City Median Internet Speeds Comparison (Updated January 2026)

Germany

Iceland

Germany

Iceland

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