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 43.5% more expensive than United States without rent, and 38.5% more expensive with rent.

😐 Family of 3: Iceland is 48.5% more expensive than United States without rent, and 32.8% more expensive with rent.

Meal at Budget Restaurant

$26.42 ISK 3,328

$20.22 $20.22

30.66%

Three-Course Dinner for Two, Mid-Range

$128 ISK 16.1K

$75.7 $75.7

68.80%

Fast Food Meal (McDonalds, etc)

$19.96 ISK 2,514

$11.47 $11.47

74.02%

Cappuccino

$5.99 ISK 755

$5.13 $5.13

16.76%

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

$3.32 ISK 418

$2.61 $2.61

27.20%

Water (0.33 liter bottle)

$2.62 ISK 330

$2.14 $2.14

22.43%

Local Beer (0.5 liter draught)

$12.09 ISK 1,523

$6.17 $6.17

95.95%

Imported Beer (0.33 liter bottle)

$10.65 ISK 1,341

$7.07 $7.07

50.64%

Milk (1 liter)

$1.95 ISK 246

$1.08 $1.08

80.56%

White Bread (500g)

$4.21 ISK 531

$3.74 $3.74

12.57%

Rice (white) (1kg)

$3.59 ISK 452

$4.57 $4.57

-21.44%

Eggs

$6.41 ISK 808

$4.20 $4.20

52.62%

Local Cheese (1kg)

$18.74 ISK 2,360

$13.02 $13.02

43.93%

Chicken Fillets (1kg)

$23.89 ISK 3,010

$12.18 $12.18

96.14%

Beef Round Steak (1kg)

$42.05 ISK 5,298

$16.14 $16.14

160.53%

Apples (1kg)

$3.07 ISK 387

$5.31 $5.31

-42.18%

Banana (1kg)

$2.50 ISK 315

$1.72 $1.72

45.35%

Oranges (1kg)

$2.89 ISK 364

$4.59 $4.59

-37.04%

Tomato (1kg)

$4.96 ISK 625

$4.96 $4.96

Potato (1kg)

$3.51 ISK 442

$3.00 $3.00

17.00%

Onion (1kg)

$2.28 ISK 287

$3.04 $3.04

-25.00%

Lettuce (1 head)

$3.09 ISK 390

$2.18 $2.18

41.74%

Water (1.5 liter bottle)

$2.17 ISK 274

$2.19 $2.19

-0.91%

Cigarettes 20 Pack (Marlboro, Camel)

$14.28 ISK 1,799

$10.16 $10.16

40.55%

Wine (Bottle)

$23.25 ISK 2,929

$15.16 $15.16

53.36%

Local Beer (0.5 liter bottle)

$3.72 ISK 468

$1.99 $1.99

86.93%

Imported Beer (0.33 liter bottle)

$3.20 ISK 404

$3.71 $3.71

-13.75%

One-way Ticket (Public Transport)

$5.29 ISK 666

$2.48 $2.48

113.31%

Public Transport Monthly Pass (Regular Price)

$84.2 ISK 10.6K

$63.9 $63.9

31.79%

Taxi Start (Normal Tariff)

$6.39 ISK 805

$3.69 $3.69

73.17%

Taxi (Normal Tariff) (1km)

$2.38 ISK 300

$1.76 $1.76

35.23%

Taxi 1hour Waiting (Normal Tariff)

$84.9 ISK 10.7K

$30.06 $30.06

182.37%

Gasoline (1 liter)

$2.54 ISK 320

$0.96 $0.96

164.58%

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

$47.1K ISK 5.9M

$30.2K $30.2K

55.76%

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

$54.5K ISK 6.9M

$26.3K $26.3K

107.19%

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

$90.6 ISK 11.4K

$207 $207

-56.32%

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

$27.40 ISK 3,451

$57.0 $57.0

-51.96%

Internet (50+ Mbps, Unlimited Data)

$88.2 ISK 11.1K

$71.5 $71.5

23.36%

Gym Membership (Monthly)

$82.6 ISK 10.4K

$45.91 $45.91

79.92%

Tennis Court (1 Hour on Weekend)

$37.13 ISK 4,677

$22.25 $22.25

66.88%

Cinema Ticket

$17.81 ISK 2,244

$14.13 $14.13

26.04%

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

$347 ISK 43.7K

$1,385 $1,385

-74.92%

International Primary School, 1 Child (Yearly)

$29.7K ISK 3.7M

$22.2K $22.2K

33.77%

Jeans (Levis 501 Or Similar)

$138 ISK 17.4K

$52.1 $52.1

164.61%

Summer Dress (H&M, Zara, etc)

$62.7 ISK 7,898

$42.53 $42.53

47.43%

Sport Shoes (Adidas, Nike)

$175 ISK 22.0K

$89.9 $89.9

94.25%

Men's Leather Business Shoes

$253 ISK 31.9K

$114 $114

121.25%

1-bedroom Apartment, City Center (Monthly)

$2,235 ISK 281.6K

$1,743 $1,743

28.25%

1-bedroom Apartment, Outside City Center (Monthly)

$1,977 ISK 249.1K

$1,422 $1,422

39.10%

3-bedroom Apartment, City Center (Monthly)

$3,150 ISK 396.8K

$2,821 $2,821

11.64%

3-bedroom Apartment, Outside City Center (Monthly)

$2,737 ISK 344.7K

$2,370 $2,370

15.48%

Buy Apartment in City Center (m2)

$7,399 ISK 932.0K

$3,338 $3,338

121.67%

Buy Apartment Outside City Center (m2)

$6,095 ISK 767.8K

$2,615 $2,615

133.05%

Average Monthly Net Salary (After Tax)

$4,487 ISK 565.2K

$4,230 $4,230

6.06%

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: January 13, 2026

Last update for United States: January 13, 2026

Digital Nomad Cost of Living Index

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

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