Last update: Oct 2026
Cost of Living Comparison Between Iceland and Bansko
For one person, living is cheaper in Bansko: $970 a month against $3,841 in Iceland, rent and utilities included – about $34,500 less a year. Rent and utilities account for most of the difference.
-
Iceland Living Index185Cost of Living Index in IcelandLearn more -
Bansko Living Index47Cost of Living Index in BanskoLearn more
😐 Solo nomad: Iceland is 259.2% more expensive than Bansko without rent, and 296% more expensive with rent.
😐 Family of 3: Iceland is 213.5% more expensive than Bansko without rent, and 260.6% more expensive with rent.
🍽 Eating Out
Iceland
Bansko
Difference
Meal at Budget Restaurant
$27.37 ISK 3,337
$8.66 BGN 15.15
216.05%
Three-Course Dinner for Two, Mid-Range
$125 ISK 15.2K
$46.63 BGN 81.6
167.77%
Fast Food Meal (McDonalds, etc)
$24.08 ISK 2,937
$9.01 BGN 15.77
167.26%
Cappuccino
$6.19 ISK 755
$2.24 BGN 3.92
176.34%
Coke/Pepsi/Fanta/Sprite (0.33 liter bottle)
$3.15 ISK 384
$1.50 BGN 2.63
110.00%
Water (0.33 liter bottle)
$2.99 ISK 365
$0.86 BGN 1.51
247.67%
Local Beer (0.5 liter draught)
$12.47 ISK 1,521
$1.76 BGN 3.07
608.52%
Imported Beer (0.33 liter bottle)
$12.50 ISK 1,524
$2.00 BGN 3.51
525.00%
🛒 Groceries & Markets
Iceland
Bansko
Difference
Milk (1 liter)
$2.11 ISK 258
$1.79 BGN 3.14
17.88%
White Bread (500g)
$4.09 ISK 499
$0.81 BGN 1.42
404.94%
Rice (white) (1kg)
$3.45 ISK 421
$1.52 BGN 2.66
126.97%
Eggs
$7.23 ISK 882
$2.30 BGN 4.02
214.35%
Local Cheese (1kg)
$20.83 ISK 2,541
$9.60 BGN 16.81
116.98%
Chicken Fillets (1kg)
$24.61 ISK 3,001
$6.32 BGN 11.06
289.40%
Beef Round Steak (1kg)
$42.36 ISK 5,166
$8.64 BGN 15.12
390.28%
Apples (1kg)
$3.17 ISK 387
$1.28 BGN 2.24
147.66%
Banana (1kg)
$2.72 ISK 332
$1.68 BGN 2.95
61.90%
Oranges (1kg)
$3.20 ISK 390
$1.70 BGN 2.98
88.24%
Tomato (1kg)
$5.94 ISK 724
$1.89 BGN 3.30
214.29%
Potato (1kg)
$3.96 ISK 483
$0.93 BGN 1.63
325.81%
Onion (1kg)
$1.85 ISK 226
$0.76 BGN 1.32
143.42%
Lettuce (1 head)
$3.62 ISK 441
$0.54 BGN 0.95
570.37%
Water (1.5 liter bottle)
$1.93 ISK 236
$0.58 BGN 1.02
232.76%
Cigarettes 20 Pack (Marlboro, Camel)
$14.12 ISK 1,721
$3.44 BGN 6.02
310.47%
Wine (Bottle)
$23.36 ISK 2,849
$5.14 BGN 9.00
354.47%
Local Beer (0.5 liter bottle)
$3.72 ISK 454
$1.11 BGN 1.94
235.14%
Imported Beer (0.33 liter bottle)
$3.25 ISK 396
$1.70 BGN 2.97
91.18%
🚌 Getting Around
Iceland
Bansko
Difference
One-way Ticket (Public Transport)
$5.54 ISK 676
$0.88 BGN 1.55
529.55%
Public Transport Monthly Pass (Regular Price)
$92.7 ISK 11.3K
$26.76 BGN 46.83
246.38%
Taxi Start (Normal Tariff)
$6.87 ISK 838
$1.29 BGN 2.26
432.56%
Taxi (Normal Tariff) (1km)
$2.90 ISK 354
$0.65 BGN 1.14
346.15%
Taxi 1hour Waiting (Normal Tariff)
$81.6 ISK 9,947
$10.18 BGN 17.81
701.18%
Gasoline (1 liter)
$2.36 ISK 288
$1.50 BGN 2.63
57.33%
Midsize Hatchback 1.4l (Volkswagen Golf, Toyota Prius, Honda Civic, etc)
$50.2K ISK 6.1M
$28.8K BGN 50.4K
74.34%
Compact Sedan 1.6l (Toyota Corolla, Mazda3, Kia K4, Hyundai Elantra, etc)
$53.5K ISK 6.5M
$21.5K BGN 37.5K
149.58%
🧾 Monthly Utilities & Internet
Iceland
Bansko
Difference
Utilities for 2 People in 2-bedroom Apartment (Heating, Electricity, Gas, Water, Garbage) (85m2)
$96.5 ISK 11.8K
$91.4 BGN 160
5.56%
SIM Card Monthly Plan (Calls and 10GB+ Data)
$30.37 ISK 3,704
$14.68 BGN 25.68
106.88%
Internet (50+ Mbps, Unlimited Data)
$88.0 ISK 10.7K
$12.07 BGN 21.12
628.67%
🎉 Sport & Entertainment
Iceland
Bansko
Difference
Gym Membership (Monthly)
$89.8 ISK 11.0K
$32.28 BGN 56.5
178.31%
Tennis Court (1 Hour on Weekend)
$50.7 ISK 6,183
$8.60 BGN 15.05
489.53%
Cinema Ticket
$18.98 ISK 2,314
$5.63 BGN 9.86
237.12%
🧸 Childcare & Education
Iceland
Bansko
Difference
Preschool or Kindergarten, Full Day, Private, 1 Child (Monthly)
$1,053 ISK 128.4K
$228 BGN 400
361.10%
International Primary School, 1 Child (Yearly)
$30.4K ISK 3.7M
$2,311 BGN 4,045
1216.02%
👕👟 Clothing & Footwear
Iceland
Bansko
Difference
Jeans (Levis 501 Or Similar)
$154 ISK 18.8K
$30.48 BGN 53.3
406.79%
Summer Dress (H&M, Zara, etc)
$48.13 ISK 5,869
$19.01 BGN 33.26
153.18%
Sport Shoes (Adidas, Nike)
$175 ISK 21.4K
$45.53 BGN 79.7
285.13%
Men's Leather Business Shoes
$231 ISK 28.2K
$48.67 BGN 85.2
375.02%
🏠 Accommodation & Living
Iceland
Bansko
Difference
1-bedroom Apartment, City Center (Monthly)
$2,476 ISK 301.9K
$521 BGN 913
374.79%
1-bedroom Apartment, Outside City Center (Monthly)
$1,968 ISK 240.0K
$367 BGN 643
435.74%
3-bedroom Apartment, City Center (Monthly)
$3,333 ISK 406.4K
$634 BGN 1,110
425.48%
3-bedroom Apartment, Outside City Center (Monthly)
$2,708 ISK 330.2K
$558 BGN 976
385.45%
Buy Apartment in City Center (m2)
$7,695 ISK 938.4K
$1,204 BGN 2,106
539.37%
Buy Apartment Outside City Center (m2)
$6,295 ISK 767.7K
$971 BGN 1,699
548.29%
💵 Salaries & Financials
Iceland
Bansko
Difference
Average Monthly Net Salary (After Tax)
$4,795 ISK 584.8K
$1,670 BGN 2,923
187.08%
20-Year Fixed Mortgage Interest Rate (Annual %)
9.29
2.99
210.70%
CityCost data is based on AI and user input – minor inaccuracies may occur.
Last update for Iceland: October 3, 2026
Last update for Bansko: October 6, 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%
Bansko $367 38% 81.3% $1.6K
Groceries & Markets
Iceland $617 16.2%
Bansko $193 20% 68.7% $424
Eating Out
Iceland $477 12.5%
Bansko $145 15% 69.5% $332
Clothing & Footwear
Iceland $274 7.2%
Bansko $65 6.7% 76.4% $209
Monthly Utilities & Internet
Iceland $215 5.6%
Bansko $118 12.2% 45% $97
Getting Around
Iceland $136 3.6%
Bansko $35 3.6% 74.4% $101
Sport & Entertainment
Iceland $128 3.4%
Bansko $44 4.5% 65.9% $84
Accommodation & Living
Iceland $2.7K 37.8%
Bansko $558 28.2% 79.4% $2.1K
Groceries & Markets
Iceland $1.4K 20.1%
Bansko $454 22.9% 68.4% $982
Eating Out
Iceland $1.6K 22%
Bansko $524 26.5% 66.7% $1K
Clothing & Footwear
Iceland $609 8.5%
Bansko $144 7.3% 76.4% $465
Monthly Utilities & Internet
Iceland $245 3.4%
Bansko $133 6.7% 45.8% $112
Getting Around
Iceland $284 4%
Bansko $71 3.6% 74.8% $212
Sport & Entertainment
Iceland $306 4.3%
Bansko $96 4.8% 68.8% $211
Good to know
🇮🇸 Iceland
🇧🇬 Bansko
Weather
Population
364,260
8,000
Exchange rates and currency converter
On the map
Lowest
Highest
Between locations
- Iceland Bansko 3,790 km ≈ 5 h nonstop flight
From you
- Iceland
- Bansko
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
Similar countries
185
Cost of Living Index in Sint Maarten
Learn more
🇻🇮 U.S. Virgin Islands
190
Cost of Living Index in the U.S. Virgin Islands
Learn more