Last update: Oct 2026

Cost of Living Comparison Between Sofia and Iceland

Name: Iceland
Address: IS

For one person, living is cheaper in Sofia: $1,589 a month against $3,841 in Iceland, rent and utilities included – about $27,000 less a year. Rent and utilities account for most of the difference.

78

Cost of Living Index in Sofia
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Sofia Living Index
185

Cost of Living Index in Iceland
Learn more

Iceland Living Index

Jump to prices

Sofia

🇧🇬 Bulgaria

$1,589

/mo nomad

🇮🇸 Iceland

$3,841

/mo nomad

🙂 Solo nomad: Sofia is 51.4% cheaper than Iceland without rent, and 58.6% cheaper with rent.

🙂 Family of 3: Sofia is 49.2% cheaper than Iceland without rent, and 52.9% cheaper with rent.

Meal at Budget Restaurant

$17.10 BGN 29.93

$27.37 ISK 3,337

-37.52%

Three-Course Dinner for Two, Mid-Range

$66.9 BGN 117

$125 ISK 15.2K

-46.41%

Fast Food Meal (McDonalds, etc)

$11.77 BGN 20.59

$24.08 ISK 2,937

-51.12%

Cappuccino

$3.42 BGN 5.99

$6.19 ISK 755

-44.75%

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

$2.42 BGN 4.23

$3.15 ISK 384

-23.17%

Water (0.33 liter bottle)

$1.86 BGN 3.26

$2.99 ISK 365

-37.79%

Local Beer (0.5 liter draught)

$3.33 BGN 5.83

$12.47 ISK 1,521

-73.30%

Imported Beer (0.33 liter bottle)

$4.53 BGN 7.92

$12.50 ISK 1,524

-63.76%

Milk (1 liter)

$1.92 BGN 3.36

$2.11 ISK 258

-9.00%

White Bread (500g)

$1.51 BGN 2.64

$4.09 ISK 499

-63.08%

Rice (white) (1kg)

$2.21 BGN 3.88

$3.45 ISK 421

-35.94%

Eggs

$4.40 BGN 7.69

$7.23 ISK 882

-39.14%

Local Cheese (1kg)

$11.56 BGN 20.22

$20.83 ISK 2,541

-44.50%

Chicken Fillets (1kg)

$8.79 BGN 15.38

$24.61 ISK 3,001

-64.28%

Beef Round Steak (1kg)

$16.97 BGN 29.71

$42.36 ISK 5,166

-59.94%

Apples (1kg)

$2.17 BGN 3.79

$3.17 ISK 387

-31.55%

Banana (1kg)

$2.04 BGN 3.57

$2.72 ISK 332

-25.00%

Oranges (1kg)

$1.84 BGN 3.22

$3.20 ISK 390

-42.50%

Tomato (1kg)

$4.29 BGN 7.51

$5.94 ISK 724

-27.78%

Potato (1kg)

$1.03 BGN 1.80

$3.96 ISK 483

-73.99%

Onion (1kg)

$0.93 BGN 1.62

$1.85 ISK 226

-49.73%

Lettuce (1 head)

$1.20 BGN 2.11

$3.62 ISK 441

-66.85%

Water (1.5 liter bottle)

$0.92 BGN 1.62

$1.93 ISK 236

-52.33%

Cigarettes 20 Pack (Marlboro, Camel)

$4.30 BGN 7.53

$14.12 ISK 1,721

-69.55%

Wine (Bottle)

$7.33 BGN 12.83

$23.36 ISK 2,849

-68.62%

Local Beer (0.5 liter bottle)

$1.18 BGN 2.06

$3.72 ISK 454

-68.28%

Imported Beer (0.33 liter bottle)

$1.87 BGN 3.28

$3.25 ISK 396

-42.46%

One-way Ticket (Public Transport)

$0.87 BGN 1.52

$5.54 ISK 676

-84.30%

Public Transport Monthly Pass (Regular Price)

$28.14 BGN 49.24

$92.7 ISK 11.3K

-69.64%

Taxi Start (Normal Tariff)

$1.74 BGN 3.04

$6.87 ISK 838

-74.67%

Taxi (Normal Tariff) (1km)

$0.96 BGN 1.68

$2.90 ISK 354

-66.90%

Taxi 1hour Waiting (Normal Tariff)

$15.54 BGN 27.19

$81.6 ISK 9,947

-80.95%

Gasoline (1 liter)

$1.79 BGN 3.14

$2.36 ISK 288

-24.15%

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

$30.0K BGN 52.5K

$50.2K ISK 6.1M

-40.31%

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

$26.4K BGN 46.1K

$53.5K ISK 6.5M

-50.75%

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

$156 BGN 273

$96.5 ISK 11.8K

61.58%

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

$21.21 BGN 37.11

$30.37 ISK 3,704

-30.16%

Internet (50+ Mbps, Unlimited Data)

$15.64 BGN 27.37

$88.0 ISK 10.7K

-82.22%

Gym Membership (Monthly)

$46.76 BGN 81.8

$89.8 ISK 11.0K

-47.95%

Tennis Court (1 Hour on Weekend)

$27.74 BGN 48.54

$50.7 ISK 6,183

-45.29%

Cinema Ticket

$10.02 BGN 17.53

$18.98 ISK 2,314

-47.21%

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

$766 BGN 1,341

$1,053 ISK 128.4K

-27.24%

International Primary School, 1 Child (Yearly)

$12.8K BGN 22.4K

$30.4K ISK 3.7M

-57.97%

Jeans (Levis 501 Or Similar)

$89.7 BGN 157

$154 ISK 18.8K

-41.94%

Summer Dress (H&M, Zara, etc)

$40.88 BGN 71.5

$48.13 ISK 5,869

-15.06%

Sport Shoes (Adidas, Nike)

$106 BGN 186

$175 ISK 21.4K

-39.51%

Men's Leather Business Shoes

$105 BGN 183

$231 ISK 28.2K

-54.73%

1-bedroom Apartment, City Center (Monthly)

$796 BGN 1,393

$2,476 ISK 301.9K

-67.84%

1-bedroom Apartment, Outside City Center (Monthly)

$607 BGN 1,063

$1,968 ISK 240.0K

-69.14%

3-bedroom Apartment, City Center (Monthly)

$1,563 BGN 2,735

$3,333 ISK 406.4K

-53.10%

3-bedroom Apartment, Outside City Center (Monthly)

$1,060 BGN 1,855

$2,708 ISK 330.2K

-60.84%

Buy Apartment in City Center (m2)

$4,357 BGN 7,626

$7,695 ISK 938.4K

-43.37%

Buy Apartment Outside City Center (m2)

$3,250 BGN 5,688

$6,295 ISK 767.7K

-48.37%

Average Monthly Net Salary (After Tax)

$1,740 BGN 3,044

$4,795 ISK 584.8K

-63.72%

20-Year Fixed Mortgage Interest Rate (Annual %)

2.89

9.29

-68.89%

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

Last update for Sofia: October 3, 2026

Last update for Iceland: October 3, 2026

Monthly budget structure

Share of the monthly basket for one person, rent included.

Accommodation & Living

Sofia

$607 37.9%

Iceland

$2K 51.6% 224% $1.4K

Groceries & Markets

Sofia

$287 17.9%

Iceland

$617 16.2% 115% $330

Eating Out

Sofia

$256 16%

Iceland

$477 12.5% 86.5% $221

Monthly Utilities & Internet

Sofia

$193 12%

Iceland

$215 5.6% 11.4% $22

Clothing & Footwear

Sofia

$154 9.6%

Iceland

$274 7.2% 78.5% $121

Sport & Entertainment

Sofia

$67 4.2%

Iceland

$128 3.4% 91.3% $61

Getting Around

Sofia

$38 2.4%

Iceland

$136 3.6% 257% $98

Good to know

🇧🇬 Sofia

🇮🇸 Iceland

🕒 Local time

07:49 7:49 AM

04:49 4:49 AM

3 h behind Sofia

🌤 Weather

👥 Population

1,286,383 Capital

364,260

💱 Currency

Bulgarian Lev BGN лв.

Icelandic Króna ISK kr

📈 Exchange rate

1 BGN = 0.571 USD

1 BGN = 0.509 EUR

1,000 ISK = 8.2 USD

1,000 ISK = 7.31 EUR

Exchange rates and currency converter

ISK, USD, EUR to BGN – Bulgarian Lev Converter

🇺🇸 United States Dollar ($)

🇧🇬 Bulgarian Lev (лв.)

Bulgarian Lev exchange rates as of October 10, 2026: 1 USD = 1.75 BGN (1 BGN = 0.571 USD). 1 EUR = 1.96 BGN (1 BGN = 0.509 EUR).

Icelandic Króna exchange rates as of October 10, 2026: 1 USD = 122 ISK (1,000 ISK = 8.2 USD). 1 EUR = 137 ISK (1,000 ISK = 7.31 EUR).

USD to BGN in detail →

On the map

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Between locations

Sofia Iceland 3,700 km ≈ 5 h nonstop flight

From you

Sofia
Iceland

Distances are measured in a straight line. Your location is detected approximately.

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

Sofia vs other spots: cost of living compared

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