Cost of Living Comparison Between Iceland and United States Cost of Living Comparison Between Iceland and United States

Name: United States
Address: US

😐 Solo nomad: Iceland is 48.8% more expensive than United States without rent, and 31.4% more expensive with rent.

😐 Family of 3: Iceland is 53.2% more expensive than United States without rent, and 26.1% more expensive with rent.

Meal at Budget Restaurant

$26.87 ISK 3,353

$20.33 $20.33

32.17%

Three-Course Dinner for Two, Mid-Range

$126 ISK 15.7K

$74.4 $74.4

69.68%

Fast Food Meal (McDonalds, etc)

$20.34 ISK 2,538

$11.49 $11.49

77.02%

Cappuccino

$6.09 ISK 760

$5.09 $5.09

19.65%

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

$3.36 ISK 419

$2.54 $2.54

32.28%

Water (0.33 liter bottle)

$2.7 ISK 337

$2.11 $2.11

27.96%

Local Beer (0.5 liter draught)

$12.07 ISK 1,506

$6.09 $6.09

98.19%

Imported Beer (0.33 liter bottle)

$10.47 ISK 1,306

$7.1 $7.1

47.46%

Milk (1 liter)

$1.95 ISK 243

$1.08 $1.08

80.56%

White Bread (500g)

$4.07 ISK 508

$3.7 $3.7

10.00%

Rice (white) (1kg)

$3.48 ISK 434

$4.65 $4.65

-25.16%

Eggs

$6.36 ISK 793

$4.21 $4.21

51.07%

Local Cheese (1kg)

$18.36 ISK 2,290

$12.75 $12.75

44.00%

Chicken Fillets (1kg)

$24.71 ISK 3,082

$12.24 $12.24

101.88%

Beef Round Steak (1kg)

$42.1 ISK 5,251

$16.08 $16.08

161.82%

Apples (1kg)

$3.18 ISK 397

$5.41 $5.41

-41.22%

Banana (1kg)

$2.49 ISK 310

$1.73 $1.73

43.93%

Oranges (1kg)

$2.92 ISK 365

$4.37 $4.37

-33.18%

Tomato (1kg)

$4.86 ISK 606

$4.94 $4.94

-1.62%

Potato (1kg)

$3.68 ISK 460

$2.88 $2.88

27.78%

Onion (1kg)

$2.26 ISK 281

$3.07 $3.07

-26.38%

Lettuce (1 head)

$3.17 ISK 396

$2.25 $2.25

40.89%

Water (1.5 liter bottle)

$2.2 ISK 274

$2.21 $2.21

-0.45%

Cigarettes 20 Pack (Marlboro, Camel)

$14.05 ISK 1,753

$10.09 $10.09

39.25%

Wine (Bottle)

$24.13 ISK 3,010

$14.73 $14.73

63.82%

Local Beer (0.5 liter bottle)

$3.63 ISK 453

$1.91 $1.91

90.05%

Imported Beer (0.33 liter bottle)

$3.21 ISK 401

$3.54 $3.54

-9.32%

One-way Ticket (Public Transport)

$5.24 ISK 653

$2.56 $2.56

104.69%

Public Transport Monthly Pass (Regular Price)

$84.3 ISK 10.5K

$63.9 $63.9

32.06%

Taxi Start (Normal Tariff)

$6.26 ISK 781

$3.81 $3.81

64.30%

Taxi (Normal Tariff) (1km)

$2.37 ISK 296

$1.77 $1.77

33.90%

Taxi 1hour Waiting (Normal Tariff)

$86.5 ISK 10.8K

$30.4 $30.4

184.61%

Gasoline (1 liter)

$2.46 ISK 307

$0.94 $0.94

161.70%

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

$47.9K ISK 6M

$30K $30K

59.87%

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

$54K ISK 6.7M

$25.8K $25.8K

109.32%

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

$90.4 ISK 11.3K

$209 $209

-56.67%

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

$27.54 ISK 3,435

$57.9 $57.9

-52.39%

Internet (50+ Mbps, Unlimited Data)

$85.9 ISK 10.7K

$71.1 $71.1

20.76%

Gym Membership (Monthly)

$81.8 ISK 10.2K

$45.88 $45.88

78.27%

Tennis Court (1 Hour on Weekend)

$37.74 ISK 4,708

$22.25 $22.25

69.62%

Cinema Ticket

$17.35 ISK 2,164

$14.14 $14.14

22.70%

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

$348 ISK 43.4K

$1,373 $1,373

-74.68%

International Primary School, 1 Child (Yearly)

$29.5K ISK 3.7M

$22.4K $22.4K

32.03%

Jeans (Levis 501 Or Similar)

$137 ISK 17.1K

$51.5 $51.5

165.72%

Summer Dress (H&M, Zara, etc)

$64.2 ISK 8,005

$41.96 $41.96

52.93%

Sport Shoes (Adidas, Nike)

$171 ISK 21.4K

$88.3 $88.3

93.99%

Men's Leather Business Shoes

$254 ISK 31.6K

$112 $112

127.25%

1-bedroom Apartment, City Center (Monthly)

$2,216 ISK 276.4K

$1,731 $1,731

27.97%

1-bedroom Apartment, Outside City Center (Monthly)

$2,002 ISK 249.8K

$1,446 $1,446

38.51%

3-bedroom Apartment, City Center (Monthly)

$3,148 ISK 392.7K

$2,846 $2,846

10.60%

3-bedroom Apartment, Outside City Center (Monthly)

$2,722 ISK 339.5K

$2,366 $2,366

15.04%

Buy Apartment in City Center (m2)

$7,550 ISK 941.9K

$3,245 $3,245

132.69%

Buy Apartment Outside City Center (m2)

$6,306 ISK 786.7K

$2,667 $2,667

136.49%

Average Monthly Net Salary (After Tax)

$4,591 ISK 572.7K

$4,312 $4,312

6.45%

20-Year Fixed Mortgage Interest Rate (Annual %)

9.88

6.51

51.77%

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

Last update for Iceland: October 28, 2025

Last update for United States: October 27, 2025

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