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

Name: Germany
Address: DE

😐 Solo nomad: Iceland is 55.8% more expensive than Germany without rent, and 74.5% more expensive with rent.

😐 Family of 3: Iceland is 59.2% more expensive than Germany without rent, and 63.7% more expensive with rent.

Meal at Budget Restaurant

$26.42 ISK 3,328

$17.58 €15.16

50.28%

Three-Course Dinner for Two, Mid-Range

$128 ISK 16.1K

$75.0 €64.7

70.22%

Fast Food Meal (McDonalds, etc)

$19.96 ISK 2,514

$11.54 €9.95

72.96%

Cappuccino

$5.99 ISK 755

$4.10 €3.53

46.10%

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

$3.32 ISK 418

$3.40 €2.93

-2.35%

Water (0.33 liter bottle)

$2.62 ISK 330

$3.03 €2.61

-13.53%

Local Beer (0.5 liter draught)

$12.09 ISK 1,523

$5.26 €4.53

129.85%

Imported Beer (0.33 liter bottle)

$10.65 ISK 1,341

$4.59 €3.96

132.03%

Milk (1 liter)

$1.95 ISK 246

$1.25 €1.07

56.00%

White Bread (500g)

$4.21 ISK 531

$2.29 €1.98

83.84%

Rice (white) (1kg)

$3.59 ISK 452

$3.37 €2.90

6.53%

Eggs

$6.41 ISK 808

$3.79 €3.27

69.13%

Local Cheese (1kg)

$18.74 ISK 2,360

$14.54 €12.54

28.89%

Chicken Fillets (1kg)

$23.89 ISK 3,010

$14.28 €12.31

67.30%

Beef Round Steak (1kg)

$42.05 ISK 5,298

$19.99 €17.23

110.36%

Apples (1kg)

$3.07 ISK 387

$3.16 €2.72

-2.85%

Banana (1kg)

$2.50 ISK 315

$1.79 €1.54

39.66%

Oranges (1kg)

$2.89 ISK 364

$2.21 €1.91

30.77%

Tomato (1kg)

$4.96 ISK 625

$4.73 €4.07

4.86%

Potato (1kg)

$3.51 ISK 442

$1.55 €1.33

126.45%

Onion (1kg)

$2.28 ISK 287

$1.63 €1.41

39.88%

Lettuce (1 head)

$3.09 ISK 390

$1.85 €1.59

67.03%

Water (1.5 liter bottle)

$2.17 ISK 274

$1.07 €0.92

102.80%

Cigarettes 20 Pack (Marlboro, Camel)

$14.28 ISK 1,799

$9.80 €8.45

45.71%

Wine (Bottle)

$23.25 ISK 2,929

$6.94 €5.98

235.01%

Local Beer (0.5 liter bottle)

$3.72 ISK 468

$1.10 €0.95

238.18%

Imported Beer (0.33 liter bottle)

$3.20 ISK 404

$1.62 €1.40

97.53%

One-way Ticket (Public Transport)

$5.29 ISK 666

$3.68 €3.17

43.75%

Public Transport Monthly Pass (Regular Price)

$84.2 ISK 10.6K

$66.7 €57.5

26.14%

Taxi Start (Normal Tariff)

$6.39 ISK 805

$5.69 €4.90

12.30%

Taxi (Normal Tariff) (1km)

$2.38 ISK 300

$2.28 €1.96

4.39%

Taxi 1hour Waiting (Normal Tariff)

$84.9 ISK 10.7K

$38.16 €32.89

122.43%

Gasoline (1 liter)

$2.54 ISK 320

$1.98 €1.70

28.28%

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

$47.1K ISK 5.9M

$31.8K €27.4K

47.90%

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

$54.5K ISK 6.9M

$37.4K €32.2K

45.79%

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

$90.6 ISK 11.4K

$354 €306

-74.45%

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

$27.40 ISK 3,451

$27.69 €23.87

-1.05%

Internet (50+ Mbps, Unlimited Data)

$88.2 ISK 11.1K

$51.4 €44.29

71.64%

Gym Membership (Monthly)

$82.6 ISK 10.4K

$41.25 €35.55

100.24%

Tennis Court (1 Hour on Weekend)

$37.13 ISK 4,677

$24.49 €21.11

51.61%

Cinema Ticket

$17.81 ISK 2,244

$13.87 €11.96

28.41%

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

$347 ISK 43.7K

$461 €397

-24.65%

International Primary School, 1 Child (Yearly)

$29.7K ISK 3.7M

$15.2K €13.1K

96.13%

Jeans (Levis 501 Or Similar)

$138 ISK 17.4K

$93.7 €80.8

47.07%

Summer Dress (H&M, Zara, etc)

$62.7 ISK 7,898

$43.43 €37.44

44.37%

Sport Shoes (Adidas, Nike)

$175 ISK 22.0K

$100 €86.4

74.25%

Men's Leather Business Shoes

$253 ISK 31.9K

$133 €115

90.28%

1-bedroom Apartment, City Center (Monthly)

$2,235 ISK 281.6K

$1,038 €895

115.29%

1-bedroom Apartment, Outside City Center (Monthly)

$1,977 ISK 249.1K

$773 €667

155.73%

3-bedroom Apartment, City Center (Monthly)

$3,150 ISK 396.8K

$1,932 €1,665

63.06%

3-bedroom Apartment, Outside City Center (Monthly)

$2,737 ISK 344.7K

$1,451 €1,251

88.63%

Buy Apartment in City Center (m2)

$7,399 ISK 932.0K

$6,257 €5,393

18.25%

Buy Apartment Outside City Center (m2)

$6,095 ISK 767.8K

$4,369 €3,766

39.50%

Average Monthly Net Salary (After Tax)

$4,487 ISK 565.2K

$3,444 €2,969

30.28%

20-Year Fixed Mortgage Interest Rate (Annual %)

9.88

3.98

148.24%

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

Last update for Iceland: January 13, 2026

Last update for Germany: January 11, 2026

Digital Nomad Cost of Living Index

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

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