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

Name: Iceland
Address: IS

🙂 Solo nomad: Germany is 38.6% cheaper than Iceland without rent, and 42.9% cheaper with rent.

🙂 Family of 3: Germany is 38.1% cheaper than Iceland without rent, and 36.1% cheaper with rent.

Meal at Budget Restaurant

$17.11 €14.78

$26.87 ISK 3,353

-36.32%

Three-Course Dinner for Two, Mid-Range

$74.9 €64.7

$126 ISK 15.7K

-40.61%

Fast Food Meal (McDonalds, etc)

$11.47 €9.91

$20.34 ISK 2,538

-43.61%

Cappuccino

$4.01 €3.46

$6.09 ISK 760

-34.15%

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

$3.33 €2.88

$3.36 ISK 419

-0.89%

Water (0.33 liter bottle)

$2.89 €2.5

$2.7 ISK 337

7.04%

Local Beer (0.5 liter draught)

$5.24 €4.52

$12.07 ISK 1,506

-56.59%

Imported Beer (0.33 liter bottle)

$4.58 €3.95

$10.47 ISK 1,306

-56.26%

Milk (1 liter)

$1.26 €1.08

$1.95 ISK 243

-35.38%

White Bread (500g)

$2.19 €1.89

$4.07 ISK 508

-46.19%

Rice (white) (1kg)

$3.46 €2.99

$3.48 ISK 434

-0.57%

Eggs

$3.79 €3.28

$6.36 ISK 793

-40.41%

Local Cheese (1kg)

$14.73 €12.72

$18.36 ISK 2,290

-19.77%

Chicken Fillets (1kg)

$13.83 €11.94

$24.71 ISK 3,082

-44.03%

Beef Round Steak (1kg)

$19.93 €17.21

$42.1 ISK 5,251

-52.66%

Apples (1kg)

$3.18 €2.75

$3.18 ISK 397

Banana (1kg)

$1.79 €1.55

$2.49 ISK 310

-28.11%

Oranges (1kg)

$2.32 €2

$2.92 ISK 365

-20.55%

Tomato (1kg)

$4.73 €4.09

$4.86 ISK 606

-2.67%

Potato (1kg)

$1.58 €1.37

$3.68 ISK 460

-57.07%

Onion (1kg)

$1.62 €1.4

$2.26 ISK 281

-28.32%

Lettuce (1 head)

$1.86 €1.6

$3.17 ISK 396

-41.32%

Water (1.5 liter bottle)

$1.07 €0.92

$2.2 ISK 274

-51.36%

Cigarettes 20 Pack (Marlboro, Camel)

$9.84 €8.5

$14.05 ISK 1,753

-29.96%

Wine (Bottle)

$6.85 €5.92

$24.13 ISK 3,010

-71.61%

Local Beer (0.5 liter bottle)

$1.1 €0.95

$3.63 ISK 453

-69.70%

Imported Beer (0.33 liter bottle)

$1.7 €1.46

$3.21 ISK 401

-47.04%

One-way Ticket (Public Transport)

$3.68 €3.18

$5.24 ISK 653

-29.77%

Public Transport Monthly Pass (Regular Price)

$68 €58.7

$84.3 ISK 10.5K

-19.41%

Taxi Start (Normal Tariff)

$5.87 €5.07

$6.26 ISK 781

-6.23%

Taxi (Normal Tariff) (1km)

$2.23 €1.92

$2.37 ISK 296

-5.91%

Taxi 1hour Waiting (Normal Tariff)

$37.69 €32.54

$86.5 ISK 10.8K

-56.44%

Gasoline (1 liter)

$1.97 €1.7

$2.46 ISK 307

-19.92%

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

$31.7K €27.4K

$47.9K ISK 6M

-33.84%

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

$37.3K €32.2K

$54K ISK 6.7M

-30.84%

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

$350 €302

$90.4 ISK 11.3K

287.32%

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

$27.07 €23.37

$27.54 ISK 3,435

-1.71%

Internet (50+ Mbps, Unlimited Data)

$51.9 €44.83

$85.9 ISK 10.7K

-39.52%

Gym Membership (Monthly)

$40.64 €35.09

$81.8 ISK 10.2K

-50.31%

Tennis Court (1 Hour on Weekend)

$24.54 €21.19

$37.74 ISK 4,708

-34.98%

Cinema Ticket

$14.15 €12.22

$17.35 ISK 2,164

-18.44%

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

$463 €400

$348 ISK 43.4K

33.20%

International Primary School, 1 Child (Yearly)

$15.1K €13K

$29.5K ISK 3.7M

-48.85%

Jeans (Levis 501 Or Similar)

$94.4 €81.5

$137 ISK 17.1K

-31.04%

Summer Dress (H&M, Zara, etc)

$43.6 €37.65

$64.2 ISK 8,005

-32.06%

Sport Shoes (Adidas, Nike)

$100 €86.7

$171 ISK 21.4K

-41.38%

Men's Leather Business Shoes

$133 €115

$254 ISK 31.6K

-47.57%

1-bedroom Apartment, City Center (Monthly)

$1,042 €900

$2,216 ISK 276.4K

-52.96%

1-bedroom Apartment, Outside City Center (Monthly)

$765 €660

$2,002 ISK 249.8K

-61.81%

3-bedroom Apartment, City Center (Monthly)

$1,909 €1,648

$3,148 ISK 392.7K

-39.37%

3-bedroom Apartment, Outside City Center (Monthly)

$1,445 €1,247

$2,722 ISK 339.5K

-46.91%

Buy Apartment in City Center (m2)

$6,341 €5,475

$7,550 ISK 941.9K

-16.01%

Buy Apartment Outside City Center (m2)

$4,896 €4,227

$6,306 ISK 786.7K

-22.37%

Average Monthly Net Salary (After Tax)

$3,362 €2,903

$4,591 ISK 572.7K

-26.76%

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: October 29, 2025

Last update for Iceland: October 28, 2025

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