Cost of Living Comparison Between Iceland and Spain Cost of Living Comparison Between Iceland and Spain

Name: Spain
Address: ES

😐 Solo nomad: Iceland is 101.8% more expensive than Spain without rent, and 115.9% more expensive with rent.

😐 Family of 3: Iceland is 104.3% more expensive than Spain without rent, and 110.2% more expensive with rent.

Meal at Budget Restaurant

$26.42 ISK 3,328

$16.14 €13.92

63.69%

Three-Course Dinner for Two, Mid-Range

$128 ISK 16.1K

$57.7 €49.70

121.52%

Fast Food Meal (McDonalds, etc)

$19.96 ISK 2,514

$10.53 €9.08

89.55%

Cappuccino

$5.99 ISK 755

$2.31 €2.00

159.31%

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

$3.32 ISK 418

$2.58 €2.22

28.68%

Water (0.33 liter bottle)

$2.62 ISK 330

$1.81 €1.56

44.75%

Local Beer (0.5 liter draught)

$12.09 ISK 1,523

$3.55 €3.06

240.56%

Imported Beer (0.33 liter bottle)

$10.65 ISK 1,341

$4.00 €3.45

166.25%

Milk (1 liter)

$1.95 ISK 246

$1.23 €1.06

58.54%

White Bread (500g)

$4.21 ISK 531

$1.51 €1.30

178.81%

Rice (white) (1kg)

$3.59 ISK 452

$1.66 €1.43

116.27%

Eggs

$6.41 ISK 808

$2.95 €2.55

117.29%

Local Cheese (1kg)

$18.74 ISK 2,360

$14.57 €12.56

28.62%

Chicken Fillets (1kg)

$23.89 ISK 3,010

$8.36 €7.21

185.77%

Beef Round Steak (1kg)

$42.05 ISK 5,298

$15.96 €13.75

163.47%

Apples (1kg)

$3.07 ISK 387

$2.54 €2.19

20.87%

Banana (1kg)

$2.50 ISK 315

$2.08 €1.79

20.19%

Oranges (1kg)

$2.89 ISK 364

$2.13 €1.84

35.68%

Tomato (1kg)

$4.96 ISK 625

$2.54 €2.19

95.28%

Potato (1kg)

$3.51 ISK 442

$1.86 €1.60

88.71%

Onion (1kg)

$2.28 ISK 287

$1.99 €1.71

14.57%

Lettuce (1 head)

$3.09 ISK 390

$1.34 €1.16

130.60%

Water (1.5 liter bottle)

$2.17 ISK 274

$0.80 €0.69

171.25%

Cigarettes 20 Pack (Marlboro, Camel)

$14.28 ISK 1,799

$6.51 €5.61

119.35%

Wine (Bottle)

$23.25 ISK 2,929

$5.67 €4.89

310.05%

Local Beer (0.5 liter bottle)

$3.72 ISK 468

$1.25 €1.08

197.60%

Imported Beer (0.33 liter bottle)

$3.20 ISK 404

$2.16 €1.86

48.15%

One-way Ticket (Public Transport)

$5.29 ISK 666

$1.76 €1.52

200.57%

Public Transport Monthly Pass (Regular Price)

$84.2 ISK 10.6K

$34.45 €29.70

144.30%

Taxi Start (Normal Tariff)

$6.39 ISK 805

$4.49 €3.87

42.32%

Taxi (Normal Tariff) (1km)

$2.38 ISK 300

$1.27 €1.10

87.40%

Taxi 1hour Waiting (Normal Tariff)

$84.9 ISK 10.7K

$26.76 €23.07

217.19%

Gasoline (1 liter)

$2.54 ISK 320

$1.80 €1.55

41.11%

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

$47.1K ISK 5.9M

$38.7K €33.3K

21.78%

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

$54.5K ISK 6.9M

$30.6K €26.4K

77.92%

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

$90.6 ISK 11.4K

$148 €128

-38.92%

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

$27.40 ISK 3,451

$20.22 €17.43

35.51%

Internet (50+ Mbps, Unlimited Data)

$88.2 ISK 11.1K

$33.26 €28.67

165.15%

Gym Membership (Monthly)

$82.6 ISK 10.4K

$47.68 €41.10

73.24%

Tennis Court (1 Hour on Weekend)

$37.13 ISK 4,677

$15.73 €13.56

136.05%

Cinema Ticket

$17.81 ISK 2,244

$9.22 €7.94

93.17%

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

$347 ISK 43.7K

$527 €455

-34.14%

International Primary School, 1 Child (Yearly)

$29.7K ISK 3.7M

$10.0K €8,654

195.96%

Jeans (Levis 501 Or Similar)

$138 ISK 17.4K

$88.3 €76.1

56.18%

Summer Dress (H&M, Zara, etc)

$62.7 ISK 7,898

$36.99 €31.88

69.51%

Sport Shoes (Adidas, Nike)

$175 ISK 22.0K

$91.3 €78.7

91.34%

Men's Leather Business Shoes

$253 ISK 31.9K

$107 €92.1

136.92%

1-bedroom Apartment, City Center (Monthly)

$2,235 ISK 281.6K

$1,066 €919

109.74%

1-bedroom Apartment, Outside City Center (Monthly)

$1,977 ISK 249.1K

$817 €704

141.99%

3-bedroom Apartment, City Center (Monthly)

$3,150 ISK 396.8K

$1,685 €1,453

86.92%

3-bedroom Apartment, Outside City Center (Monthly)

$2,737 ISK 344.7K

$1,253 €1,080

118.44%

Buy Apartment in City Center (m2)

$7,399 ISK 932.0K

$4,444 €3,831

66.47%

Buy Apartment Outside City Center (m2)

$6,095 ISK 767.8K

$2,794 €2,408

118.16%

Average Monthly Net Salary (After Tax)

$4,487 ISK 565.2K

$2,090 €1,802

114.65%

20-Year Fixed Mortgage Interest Rate (Annual %)

9.88

3.51

181.48%

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

Last update for Iceland: January 13, 2026

Last update for Spain: January 12, 2026

Digital Nomad Cost of Living Index

Cost of Living Comparison Between Iceland and Spain Cost of Living Comparison Between Iceland and Spain

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