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

Name: Spain
Address: ES

😐 Solo nomad: Iceland is 101.5% more expensive than Spain without rent, and 109.2% more expensive with rent.

😐 Family of 3: Iceland is 102% more expensive than Spain without rent, and 105% more expensive with rent.

Meal at Budget Restaurant

$26.93 ISK 3,288

$16.00 €13.57

68.31%

Three-Course Dinner for Two, Mid-Range

$127 ISK 15.5K

$57.2 €48.48

121.57%

Fast Food Meal (McDonalds, etc)

$20.36 ISK 2,486

$10.51 €8.91

93.72%

Cappuccino

$5.84 ISK 713

$2.37 €2.01

146.41%

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

$3.29 ISK 402

$2.50 €2.12

31.60%

Water (0.33 liter bottle)

$2.68 ISK 327

$1.82 €1.55

47.25%

Local Beer (0.5 liter draught)

$12.22 ISK 1,492

$3.55 €3.01

244.23%

Imported Beer (0.33 liter bottle)

$10.49 ISK 1,280

$4.13 €3.50

154.00%

Milk (1 liter)

$1.94 ISK 237

$1.19 €1.01

63.03%

White Bread (500g)

$4.17 ISK 509

$1.53 €1.30

172.55%

Rice (white) (1kg)

$3.57 ISK 436

$1.66 €1.41

115.06%

Eggs

$6.38 ISK 778

$2.94 €2.49

117.01%

Local Cheese (1kg)

$18.51 ISK 2,260

$14.09 €11.95

31.37%

Chicken Fillets (1kg)

$24.46 ISK 2,986

$8.28 €7.02

195.41%

Beef Round Steak (1kg)

$42.80 ISK 5,225

$15.73 €13.34

172.09%

Apples (1kg)

$3.18 ISK 388

$2.46 €2.08

29.27%

Banana (1kg)

$2.43 ISK 296

$2.05 €1.74

18.54%

Oranges (1kg)

$2.83 ISK 345

$2.03 €1.72

39.41%

Tomato (1kg)

$5.10 ISK 623

$2.64 €2.24

93.18%

Potato (1kg)

$3.51 ISK 428

$1.80 €1.52

95.00%

Onion (1kg)

$2.28 ISK 278

$1.91 €1.62

19.37%

Lettuce (1 head)

$3.17 ISK 387

$1.31 €1.11

141.98%

Water (1.5 liter bottle)

$2.25 ISK 275

$0.74 €0.63

204.05%

Cigarettes 20 Pack (Marlboro, Camel)

$14.21 ISK 1,734

$6.48 €5.50

119.29%

Wine (Bottle)

$22.03 ISK 2,690

$5.85 €4.96

276.58%

Local Beer (0.5 liter bottle)

$3.59 ISK 438

$1.25 €1.06

187.20%

Imported Beer (0.33 liter bottle)

$3.15 ISK 384

$2.16 €1.83

45.83%

One-way Ticket (Public Transport)

$5.30 ISK 647

$1.79 €1.52

196.09%

Public Transport Monthly Pass (Regular Price)

$83.8 ISK 10.2K

$34.82 €29.52

140.55%

Taxi Start (Normal Tariff)

$6.16 ISK 752

$4.63 €3.93

33.05%

Taxi (Normal Tariff) (1km)

$2.27 ISK 278

$1.33 €1.13

70.68%

Taxi 1hour Waiting (Normal Tariff)

$86.0 ISK 10.5K

$26.77 €22.70

221.22%

Gasoline (1 liter)

$2.48 ISK 303

$1.82 €1.54

36.26%

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

$47.5K ISK 5.8M

$38.3K €32.5K

24.07%

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

$52.8K ISK 6.4M

$30.6K €26.0K

72.57%

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

$91.0 ISK 11.1K

$150 €127

-39.37%

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

$27.81 ISK 3,395

$20.68 €17.54

34.48%

Internet (50+ Mbps, Unlimited Data)

$88.4 ISK 10.8K

$33.45 €28.36

164.22%

Gym Membership (Monthly)

$82.4 ISK 10.1K

$47.46 €40.25

73.54%

Tennis Court (1 Hour on Weekend)

$38.19 ISK 4,662

$15.83 €13.42

141.25%

Cinema Ticket

$17.73 ISK 2,165

$9.14 €7.75

93.98%

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

$346 ISK 42.2K

$523 €443

-33.85%

International Primary School, 1 Child (Yearly)

$29.6K ISK 3.6M

$10.1K €8,523

194.69%

Jeans (Levis 501 Or Similar)

$137 ISK 16.7K

$87.3 €74.0

56.81%

Summer Dress (H&M, Zara, etc)

$64.0 ISK 7,808

$37.21 €31.56

71.92%

Sport Shoes (Adidas, Nike)

$173 ISK 21.1K

$89.0 €75.5

93.85%

Men's Leather Business Shoes

$249 ISK 30.4K

$107 €91.1

131.55%

1-bedroom Apartment, City Center (Monthly)

$2,170 ISK 264.9K

$1,068 €905

103.25%

1-bedroom Apartment, Outside City Center (Monthly)

$1,995 ISK 243.5K

$840 €712

137.58%

3-bedroom Apartment, City Center (Monthly)

$3,122 ISK 381.1K

$1,663 €1,410

87.77%

3-bedroom Apartment, Outside City Center (Monthly)

$2,691 ISK 328.5K

$1,254 €1,063

114.64%

Buy Apartment in City Center (m2)

$7,697 ISK 939.6K

$4,528 €3,840

69.98%

Buy Apartment Outside City Center (m2)

$6,250 ISK 762.9K

$2,699 €2,289

131.58%

Average Monthly Net Salary (After Tax)

$4,656 ISK 568.3K

$2,117 €1,795

119.92%

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: April 12, 2026

Last update for Spain: April 13, 2026

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

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

City Median Internet Speeds Comparison (Updated April 2026)

Iceland

Spain

Iceland

Spain

Iceland vs other spots: cost of living compared

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