Cost of Living Comparison Between India and Iceland Cost of Living Comparison Between India and Iceland

Name: Iceland
Address: IS

🙂 Solo nomad: India is 82.2% cheaper than Iceland without rent, and 88.5% cheaper with rent.

🙂 Family of 3: India is 83.6% cheaper than Iceland without rent, and 86% cheaper with rent.

Meal at Budget Restaurant

$2.54 ₹230

$26.42 ISK 3,328

-90.39%

Three-Course Dinner for Two, Mid-Range

$13.78 ₹1,251

$128 ISK 16.1K

-89.21%

Fast Food Meal (McDonalds, etc)

$4.14 ₹375

$19.96 ISK 2,514

-79.26%

Cappuccino

$1.81 ₹164

$5.99 ISK 755

-69.78%

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

$0.41 ₹36.98

$3.32 ISK 418

-87.65%

Water (0.33 liter bottle)

$0.15 ₹13.69

$2.62 ISK 330

-94.27%

Local Beer (0.5 liter draught)

$1.93 ₹175

$12.09 ISK 1,523

-84.04%

Imported Beer (0.33 liter bottle)

$3.59 ₹326

$10.65 ISK 1,341

-66.29%

Milk (1 liter)

$0.73 ₹65.9

$1.95 ISK 246

-62.56%

White Bread (500g)

$0.51 ₹46.62

$4.21 ISK 531

-87.89%

Rice (white) (1kg)

$0.72 ₹65.1

$3.59 ISK 452

-79.94%

Eggs

$1.00 ₹90.5

$6.41 ISK 808

-84.40%

Local Cheese (1kg)

$5.17 ₹469

$18.74 ISK 2,360

-72.41%

Chicken Fillets (1kg)

$3.16 ₹287

$23.89 ISK 3,010

-86.77%

Beef Round Steak (1kg)

$42.05 ISK 5,298

Apples (1kg)

$2.10 ₹191

$3.07 ISK 387

-31.60%

Banana (1kg)

$0.72 ₹65.3

$2.50 ISK 315

-71.20%

Oranges (1kg)

$1.08 ₹98.3

$2.89 ISK 364

-62.63%

Tomato (1kg)

$0.56 ₹51.1

$4.96 ISK 625

-88.71%

Potato (1kg)

$0.43 ₹38.99

$3.51 ISK 442

-87.75%

Onion (1kg)

$0.49 ₹44.46

$2.28 ISK 287

-78.51%

Lettuce (1 head)

$0.50 ₹45.73

$3.09 ISK 390

-83.82%

Water (1.5 liter bottle)

$0.33 ₹29.84

$2.17 ISK 274

-84.79%

Cigarettes 20 Pack (Marlboro, Camel)

$4.18 ₹380

$14.28 ISK 1,799

-70.73%

Wine (Bottle)

$8.00 ₹726

$23.25 ISK 2,929

-65.59%

Local Beer (0.5 liter bottle)

$1.89 ₹172

$3.72 ISK 468

-49.19%

Imported Beer (0.33 liter bottle)

$3.06 ₹278

$3.20 ISK 404

-4.38%

Buffalo Round (or Equivalent Back Leg Red Meat) (1kg)

$5.61 ₹509

One-way Ticket (Public Transport)

$0.37 ₹33.33

$5.29 ISK 666

-93.01%

Public Transport Monthly Pass (Regular Price)

$9.71 ₹881

$84.2 ISK 10.6K

-88.46%

Taxi Start (Normal Tariff)

$0.91 ₹82.8

$6.39 ISK 805

-85.76%

Taxi (Normal Tariff) (1km)

$0.28 ₹25.17

$2.38 ISK 300

-88.24%

Taxi 1hour Waiting (Normal Tariff)

$1.73 ₹157

$84.9 ISK 10.7K

-97.96%

Gasoline (1 liter)

$1.18 ₹107

$2.54 ISK 320

-53.54%

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

$13.9K ₹1.3M

$47.1K ISK 5.9M

-70.41%

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

$22.2K ₹2.0M

$54.5K ISK 6.9M

-59.23%

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

$40.51 ₹3,676

$90.6 ISK 11.4K

-55.26%

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

$3.89 ₹353

$27.40 ISK 3,451

-85.80%

Internet (50+ Mbps, Unlimited Data)

$7.79 ₹707

$88.2 ISK 11.1K

-91.17%

Gym Membership (Monthly)

$16.34 ₹1,482

$82.6 ISK 10.4K

-80.22%

Tennis Court (1 Hour on Weekend)

$7.62 ₹691

$37.13 ISK 4,677

-79.48%

Cinema Ticket

$3.51 ₹319

$17.81 ISK 2,244

-80.29%

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

$68.3 ₹6,194

$347 ISK 43.7K

-80.35%

International Primary School, 1 Child (Yearly)

$1,829 ₹166.0K

$29.7K ISK 3.7M

-93.84%

Jeans (Levis 501 Or Similar)

$25.62 ₹2,325

$138 ISK 17.4K

-81.42%

Summer Dress (H&M, Zara, etc)

$27.01 ₹2,451

$62.7 ISK 7,898

-56.92%

Sport Shoes (Adidas, Nike)

$45.10 ₹4,093

$175 ISK 22.0K

-74.18%

Men's Leather Business Shoes

$33.35 ₹3,026

$253 ISK 31.9K

-86.83%

1-bedroom Apartment, City Center (Monthly)

$179 ₹16.2K

$2,235 ISK 281.6K

-91.99%

1-bedroom Apartment, Outside City Center (Monthly)

$113 ₹10.3K

$1,977 ISK 249.1K

-94.28%

3-bedroom Apartment, City Center (Monthly)

$406 ₹36.8K

$3,150 ISK 396.8K

-87.12%

3-bedroom Apartment, Outside City Center (Monthly)

$258 ₹23.4K

$2,737 ISK 344.7K

-90.56%

Buy Apartment in City Center (m2)

$1,338 ₹121.4K

$7,399 ISK 932.0K

-81.92%

Buy Apartment Outside City Center (m2)

$682 ₹61.9K

$6,095 ISK 767.8K

-88.81%

Average Monthly Net Salary (After Tax)

$462 ₹41.9K

$4,487 ISK 565.2K

-89.70%

20-Year Fixed Mortgage Interest Rate (Annual %)

9.02

9.88

-8.70%

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

Last update for India: January 11, 2026

Last update for Iceland: January 13, 2026

Digital Nomad Cost of Living Index

Cost of Living Comparison Between India and Iceland Cost of Living Comparison Between India and Iceland

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