Last update: Oct 2026
Cost of Living Comparison Between Iceland and Austin, TX
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.
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Iceland Living Index185Cost of Living Index in IcelandLearn more -
Austin, TX Living Index129Cost of Living Index in Austin, TXLearn more
😐 Solo nomad: Iceland is 50.1% more expensive than Austin, TX without rent, and 42.1% more expensive with rent.
😐 Family of 3: Iceland is 52% more expensive than Austin, TX without rent, and 26.9% more expensive with rent.
🍽 Eating Out
Iceland
Austin, TX
Difference
Meal at Budget Restaurant
$27.37 ISK 3,337
$20.22 $20.22
35.36%
Three-Course Dinner for Two, Mid-Range
$125 ISK 15.2K
$85.0 $85.0
46.84%
Fast Food Meal (McDonalds, etc)
$24.08 ISK 2,937
$12.35 $12.35
94.98%
Cappuccino
$6.19 ISK 755
$5.47 $5.47
13.16%
Coke/Pepsi/Fanta/Sprite (0.33 liter bottle)
$3.15 ISK 384
$3.82 $3.82
-17.54%
Water (0.33 liter bottle)
$2.99 ISK 365
$2.50 $2.50
19.60%
Local Beer (0.5 liter draught)
$12.47 ISK 1,521
$8.06 $8.06
54.71%
Imported Beer (0.33 liter bottle)
$12.50 ISK 1,524
$8.99 $8.99
39.04%
🛒 Groceries & Markets
Iceland
Austin, TX
Difference
Milk (1 liter)
$2.11 ISK 258
$1.13 $1.13
86.73%
White Bread (500g)
$4.09 ISK 499
$3.78 $3.78
8.20%
Rice (white) (1kg)
$3.45 ISK 421
$3.25 $3.25
6.15%
Eggs
$7.23 ISK 882
$4.14 $4.14
74.64%
Local Cheese (1kg)
$20.83 ISK 2,541
$13.08 $13.08
59.25%
Chicken Fillets (1kg)
$24.61 ISK 3,001
$14.31 $14.31
71.98%
Beef Round Steak (1kg)
$42.36 ISK 5,166
$15.96 $15.96
165.41%
Apples (1kg)
$3.17 ISK 387
$4.38 $4.38
-27.63%
Banana (1kg)
$2.72 ISK 332
$1.45 $1.45
87.59%
Oranges (1kg)
$3.20 ISK 390
$4.54 $4.54
-29.52%
Tomato (1kg)
$5.94 ISK 724
$4.19 $4.19
41.77%
Potato (1kg)
$3.96 ISK 483
$2.63 $2.63
50.57%
Onion (1kg)
$1.85 ISK 226
$2.36 $2.36
-21.61%
Lettuce (1 head)
$3.62 ISK 441
$1.76 $1.76
105.68%
Water (1.5 liter bottle)
$1.93 ISK 236
$2.16 $2.16
-10.65%
Cigarettes 20 Pack (Marlboro, Camel)
$14.12 ISK 1,721
$9.81 $9.81
43.93%
Wine (Bottle)
$23.36 ISK 2,849
$14.72 $14.72
58.70%
Local Beer (0.5 liter bottle)
$3.72 ISK 454
$2.78 $2.78
33.81%
Imported Beer (0.33 liter bottle)
$3.25 ISK 396
$3.48 $3.48
-6.61%
🚌 Getting Around
Iceland
Austin, TX
Difference
One-way Ticket (Public Transport)
$5.54 ISK 676
$1.49 $1.49
271.81%
Public Transport Monthly Pass (Regular Price)
$92.7 ISK 11.3K
$40.51 $40.51
128.81%
Taxi Start (Normal Tariff)
$6.87 ISK 838
$2.67 $2.67
157.30%
Taxi (Normal Tariff) (1km)
$2.90 ISK 354
$1.58 $1.58
83.54%
Taxi 1hour Waiting (Normal Tariff)
$81.6 ISK 9,947
$35.29 $35.29
131.11%
Gasoline (1 liter)
$2.36 ISK 288
$0.99 $0.99
138.38%
Midsize Hatchback 1.4l (Volkswagen Golf, Toyota Prius, Honda Civic, etc)
$50.2K ISK 6.1M
$35.8K $35.8K
40.29%
Compact Sedan 1.6l (Toyota Corolla, Mazda3, Kia K4, Hyundai Elantra, etc)
$53.5K ISK 6.5M
$27.2K $27.2K
97.01%
🧾 Monthly Utilities & Internet
Iceland
Austin, TX
Difference
Utilities for 2 People in 2-bedroom Apartment (Heating, Electricity, Gas, Water, Garbage) (85m2)
$96.5 ISK 11.8K
$219 $219
-55.98%
SIM Card Monthly Plan (Calls and 10GB+ Data)
$30.37 ISK 3,704
$58.0 $58.0
-47.63%
Internet (50+ Mbps, Unlimited Data)
$88.0 ISK 10.7K
$68.4 $68.4
28.66%
🎉 Sport & Entertainment
Iceland
Austin, TX
Difference
Gym Membership (Monthly)
$89.8 ISK 11.0K
$57.9 $57.9
55.16%
Tennis Court (1 Hour on Weekend)
$50.7 ISK 6,183
$14.82 $14.82
242.11%
Cinema Ticket
$18.98 ISK 2,314
$14.13 $14.13
34.32%
🧸 Childcare & Education
Iceland
Austin, TX
Difference
Preschool or Kindergarten, Full Day, Private, 1 Child (Monthly)
$1,053 ISK 128.4K
$1,509 $1,509
-30.20%
International Primary School, 1 Child (Yearly)
$30.4K ISK 3.7M
$21.5K $21.5K
41.75%
👕👟 Clothing & Footwear
Iceland
Austin, TX
Difference
Jeans (Levis 501 Or Similar)
$154 ISK 18.8K
$51.7 $51.7
199.01%
Summer Dress (H&M, Zara, etc)
$48.13 ISK 5,869
$44.05 $44.05
9.26%
Sport Shoes (Adidas, Nike)
$175 ISK 21.4K
$85.1 $85.1
106.08%
Men's Leather Business Shoes
$231 ISK 28.2K
$105 $105
119.53%
🏠 Accommodation & Living
Iceland
Austin, TX
Difference
1-bedroom Apartment, City Center (Monthly)
$2,476 ISK 301.9K
$1,932 $1,932
28.14%
1-bedroom Apartment, Outside City Center (Monthly)
$1,968 ISK 240.0K
$1,272 $1,272
54.67%
3-bedroom Apartment, City Center (Monthly)
$3,333 ISK 406.4K
$3,670 $3,670
-9.20%
3-bedroom Apartment, Outside City Center (Monthly)
$2,708 ISK 330.2K
$2,525 $2,525
7.24%
Buy Apartment in City Center (m2)
$7,695 ISK 938.4K
$7,617 $7,617
1.02%
Buy Apartment Outside City Center (m2)
$6,295 ISK 767.7K
$3,199 $3,199
96.77%
💵 Salaries & Financials
Iceland
Austin, TX
Difference
Average Monthly Net Salary (After Tax)
$4,795 ISK 584.8K
$5,105 $5,105
-6.06%
20-Year Fixed Mortgage Interest Rate (Annual %)
9.29
6.79
36.82%
CityCost data is based on AI and user input – minor inaccuracies may occur.
Last update for Iceland: October 3, 2026
Last update for Austin, TX: October 5, 2026
Monthly budget structure
Share of the monthly basket for one person, rent included.
Share of the monthly basket for a family of three, rent included.
Accommodation & Living
Iceland $2K 51.6%
Austin, TX $1.3K 48.2% 35.3% $696
Groceries & Markets
Iceland $617 16.2%
Austin, TX $403 15.3% 34.7% $214
Eating Out
Iceland $477 12.5%
Austin, TX $348 13.2% 27.1% $129
Clothing & Footwear
Iceland $274 7.2%
Austin, TX $129 4.9% 53% $145
Monthly Utilities & Internet
Iceland $215 5.6%
Austin, TX $346 13.1% 60.9% $131
Getting Around
Iceland $136 3.6%
Austin, TX $57 2.2% 58.2% $79
Sport & Entertainment
Iceland $128 3.4%
Austin, TX $86 3.3% 32.6% $42
Accommodation & Living
Iceland $2.7K 37.8%
Austin, TX $2.5K 45.4% 6.8% $183
Groceries & Markets
Iceland $1.4K 20.1%
Austin, TX $920 16.6% 35.9% $516
Eating Out
Iceland $1.6K 22%
Austin, TX $1.1K 20.2% 28.7% $452
Clothing & Footwear
Iceland $609 8.5%
Austin, TX $286 5.2% 53% $323
Monthly Utilities & Internet
Iceland $245 3.4%
Austin, TX $404 7.3% 64.6% $158
Getting Around
Iceland $284 4%
Austin, TX $117 2.1% 58.7% $167
Sport & Entertainment
Iceland $306 4.3%
Austin, TX $187 3.4% 38.9% $119
Good to know
🇮🇸 Iceland
🇺🇸 Austin, TX
Weather
Population
364,260
974,447
Exchange rates and currency converter
On the map
Lowest
Highest
Between locations
- Iceland Austin, TX 6,330 km ≈ 8 h nonstop flight
From you
- Iceland
- Austin, TX
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
Iceland vs other spots: cost of living compared
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