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

Name: Germany
Address: DE

😐 Solo nomad: Iceland is 62.9% more expensive than Germany without rent, and 75% more expensive with rent.

😐 Family of 3: Iceland is 61.7% more expensive than Germany without rent, and 56.5% more expensive with rent.

Meal at Budget Restaurant

$26.87 ISK 3,353

$17.11 €14.78

57.04%

Three-Course Dinner for Two, Mid-Range

$126 ISK 15.7K

$74.9 €64.7

68.39%

Fast Food Meal (McDonalds, etc)

$20.34 ISK 2,538

$11.47 €9.91

77.33%

Cappuccino

$6.09 ISK 760

$4.01 €3.46

51.87%

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

$3.36 ISK 419

$3.33 €2.88

0.90%

Water (0.33 liter bottle)

$2.7 ISK 337

$2.89 €2.5

-6.57%

Local Beer (0.5 liter draught)

$12.07 ISK 1,506

$5.24 €4.52

130.34%

Imported Beer (0.33 liter bottle)

$10.47 ISK 1,306

$4.58 €3.95

128.60%

Milk (1 liter)

$1.95 ISK 243

$1.26 €1.08

54.76%

White Bread (500g)

$4.07 ISK 508

$2.19 €1.89

85.84%

Rice (white) (1kg)

$3.48 ISK 434

$3.46 €2.99

0.58%

Eggs

$6.36 ISK 793

$3.79 €3.28

67.81%

Local Cheese (1kg)

$18.36 ISK 2,290

$14.73 €12.72

24.64%

Chicken Fillets (1kg)

$24.71 ISK 3,082

$13.83 €11.94

78.67%

Beef Round Steak (1kg)

$42.1 ISK 5,251

$19.93 €17.21

111.24%

Apples (1kg)

$3.18 ISK 397

$3.18 €2.75

Banana (1kg)

$2.49 ISK 310

$1.79 €1.55

39.11%

Oranges (1kg)

$2.92 ISK 365

$2.32 €2

25.86%

Tomato (1kg)

$4.86 ISK 606

$4.73 €4.09

2.75%

Potato (1kg)

$3.68 ISK 460

$1.58 €1.37

132.91%

Onion (1kg)

$2.26 ISK 281

$1.62 €1.4

39.51%

Lettuce (1 head)

$3.17 ISK 396

$1.86 €1.6

70.43%

Water (1.5 liter bottle)

$2.2 ISK 274

$1.07 €0.92

105.61%

Cigarettes 20 Pack (Marlboro, Camel)

$14.05 ISK 1,753

$9.84 €8.5

42.78%

Wine (Bottle)

$24.13 ISK 3,010

$6.85 €5.92

252.26%

Local Beer (0.5 liter bottle)

$3.63 ISK 453

$1.1 €0.95

230.00%

Imported Beer (0.33 liter bottle)

$3.21 ISK 401

$1.7 €1.46

88.82%

One-way Ticket (Public Transport)

$5.24 ISK 653

$3.68 €3.18

42.39%

Public Transport Monthly Pass (Regular Price)

$84.3 ISK 10.5K

$68 €58.7

24.09%

Taxi Start (Normal Tariff)

$6.26 ISK 781

$5.87 €5.07

6.64%

Taxi (Normal Tariff) (1km)

$2.37 ISK 296

$2.23 €1.92

6.28%

Taxi 1hour Waiting (Normal Tariff)

$86.5 ISK 10.8K

$37.69 €32.54

129.56%

Gasoline (1 liter)

$2.46 ISK 307

$1.97 €1.7

24.87%

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

$47.9K ISK 6M

$31.7K €27.4K

51.14%

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

$54K ISK 6.7M

$37.3K €32.2K

44.59%

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

$90.4 ISK 11.3K

$350 €302

-74.18%

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

$27.54 ISK 3,435

$27.07 €23.37

1.74%

Internet (50+ Mbps, Unlimited Data)

$85.9 ISK 10.7K

$51.9 €44.83

65.35%

Gym Membership (Monthly)

$81.8 ISK 10.2K

$40.64 €35.09

101.25%

Tennis Court (1 Hour on Weekend)

$37.74 ISK 4,708

$24.54 €21.19

53.79%

Cinema Ticket

$17.35 ISK 2,164

$14.15 €12.22

22.61%

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

$348 ISK 43.4K

$463 €400

-24.92%

International Primary School, 1 Child (Yearly)

$29.5K ISK 3.7M

$15.1K €13K

95.49%

Jeans (Levis 501 Or Similar)

$137 ISK 17.1K

$94.4 €81.5

45.00%

Summer Dress (H&M, Zara, etc)

$64.2 ISK 8,005

$43.6 €37.65

47.18%

Sport Shoes (Adidas, Nike)

$171 ISK 21.4K

$100 €86.7

70.58%

Men's Leather Business Shoes

$254 ISK 31.6K

$133 €115

90.74%

1-bedroom Apartment, City Center (Monthly)

$2,216 ISK 276.4K

$1,042 €900

112.56%

1-bedroom Apartment, Outside City Center (Monthly)

$2,002 ISK 249.8K

$765 €660

161.83%

3-bedroom Apartment, City Center (Monthly)

$3,148 ISK 392.7K

$1,909 €1,648

64.92%

3-bedroom Apartment, Outside City Center (Monthly)

$2,722 ISK 339.5K

$1,445 €1,247

88.36%

Buy Apartment in City Center (m2)

$7,550 ISK 941.9K

$6,341 €5,475

19.06%

Buy Apartment Outside City Center (m2)

$6,306 ISK 786.7K

$4,896 €4,227

28.81%

Average Monthly Net Salary (After Tax)

$4,591 ISK 572.7K

$3,362 €2,903

36.53%

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: October 28, 2025

Last update for Germany: October 29, 2025

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