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

Name: Spain
Address: ES

😐 Solo nomad: Iceland is 107.2% more expensive than Spain without rent, and 109.9% more expensive with rent.

😐 Family of 3: Iceland is 105.2% more expensive than Spain without rent, and 97.7% more expensive with rent.

Meal at Budget Restaurant

$26.87 ISK 3,353

$16.02 €13.83

67.73%

Three-Course Dinner for Two, Mid-Range

$126 ISK 15.7K

$57.6 €49.75

119.00%

Fast Food Meal (McDonalds, etc)

$20.34 ISK 2,538

$10.6 €9.15

91.89%

Cappuccino

$6.09 ISK 760

$2.39 €2.06

154.81%

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

$3.36 ISK 419

$2.6 €2.24

29.23%

Water (0.33 liter bottle)

$2.7 ISK 337

$1.91 €1.65

41.36%

Local Beer (0.5 liter draught)

$12.07 ISK 1,506

$3.44 €2.97

250.87%

Imported Beer (0.33 liter bottle)

$10.47 ISK 1,306

$4.11 €3.55

154.74%

Milk (1 liter)

$1.95 ISK 243

$1.18 €1.02

65.25%

White Bread (500g)

$4.07 ISK 508

$1.53 €1.32

166.01%

Rice (white) (1kg)

$3.48 ISK 434

$1.61 €1.39

116.15%

Eggs

$6.36 ISK 793

$3.1 €2.68

105.16%

Local Cheese (1kg)

$18.36 ISK 2,290

$14.26 €12.32

28.75%

Chicken Fillets (1kg)

$24.71 ISK 3,082

$8.6 €7.42

187.33%

Beef Round Steak (1kg)

$42.1 ISK 5,251

$15.7 €13.56

168.15%

Apples (1kg)

$3.18 ISK 397

$2.45 €2.12

29.80%

Banana (1kg)

$2.49 ISK 310

$2.07 €1.78

20.29%

Oranges (1kg)

$2.92 ISK 365

$2.03 €1.75

43.84%

Tomato (1kg)

$4.86 ISK 606

$2.65 €2.29

83.40%

Potato (1kg)

$3.68 ISK 460

$1.83 €1.58

101.09%

Onion (1kg)

$2.26 ISK 281

$1.96 €1.69

15.31%

Lettuce (1 head)

$3.17 ISK 396

$1.36 €1.17

133.09%

Water (1.5 liter bottle)

$2.2 ISK 274

$0.74 €0.64

197.30%

Cigarettes 20 Pack (Marlboro, Camel)

$14.05 ISK 1,753

$6.43 €5.55

118.51%

Wine (Bottle)

$24.13 ISK 3,010

$5.72 €4.94

321.85%

Local Beer (0.5 liter bottle)

$3.63 ISK 453

$1.32 €1.14

175.00%

Imported Beer (0.33 liter bottle)

$3.21 ISK 401

$2.08 €1.8

54.33%

One-way Ticket (Public Transport)

$5.24 ISK 653

$1.79 €1.54

192.74%

Public Transport Monthly Pass (Regular Price)

$84.3 ISK 10.5K

$34.46 €29.75

144.69%

Taxi Start (Normal Tariff)

$6.26 ISK 781

$4.56 €3.94

37.28%

Taxi (Normal Tariff) (1km)

$2.37 ISK 296

$1.33 €1.15

78.20%

Taxi 1hour Waiting (Normal Tariff)

$86.5 ISK 10.8K

$26.41 €22.8

227.60%

Gasoline (1 liter)

$2.46 ISK 307

$1.83 €1.58

34.43%

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

$47.9K ISK 6M

$39.3K €33.9K

21.88%

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

$54K ISK 6.7M

$31.2K €27K

72.76%

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

$90.4 ISK 11.3K

$149 €128

-39.17%

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

$27.54 ISK 3,435

$20.46 €17.67

34.60%

Internet (50+ Mbps, Unlimited Data)

$85.9 ISK 10.7K

$33.3 €28.75

157.81%

Gym Membership (Monthly)

$81.8 ISK 10.2K

$47.32 €40.85

72.84%

Tennis Court (1 Hour on Weekend)

$37.74 ISK 4,708

$15.64 €13.5

141.30%

Cinema Ticket

$17.35 ISK 2,164

$9.52 €8.22

82.25%

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

$348 ISK 43.4K

$522 €451

-33.40%

International Primary School, 1 Child (Yearly)

$29.5K ISK 3.7M

$9,960 €8,600

196.32%

Jeans (Levis 501 Or Similar)

$137 ISK 17.1K

$87.2 €75.3

56.91%

Summer Dress (H&M, Zara, etc)

$64.2 ISK 8,005

$37.22 €32.13

72.41%

Sport Shoes (Adidas, Nike)

$171 ISK 21.4K

$91.5 €79

87.19%

Men's Leather Business Shoes

$254 ISK 31.6K

$108 €93

135.55%

1-bedroom Apartment, City Center (Monthly)

$2,216 ISK 276.4K

$1,050 €907

110.96%

1-bedroom Apartment, Outside City Center (Monthly)

$2,002 ISK 249.8K

$812 €701

146.64%

3-bedroom Apartment, City Center (Monthly)

$3,148 ISK 392.7K

$1,692 €1,460

86.11%

3-bedroom Apartment, Outside City Center (Monthly)

$2,722 ISK 339.5K

$1,239 €1,069

119.73%

Buy Apartment in City Center (m2)

$7,550 ISK 941.9K

$4,233 €3,655

78.35%

Buy Apartment Outside City Center (m2)

$6,306 ISK 786.7K

$2,725 €2,353

131.44%

Average Monthly Net Salary (After Tax)

$4,591 ISK 572.7K

$1,998 €1,725

129.71%

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: October 28, 2025

Last update for Spain: October 28, 2025

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