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

Name: Iceland
Address: IS

🙂 Solo nomad: Spain is 51.7% cheaper than Iceland without rent, and 52.4% cheaper with rent.

🙂 Family of 3: Spain is 51.3% cheaper than Iceland without rent, and 49.4% cheaper with rent.

Meal at Budget Restaurant

$16.02 €13.83

$26.87 ISK 3,353

-40.38%

Three-Course Dinner for Two, Mid-Range

$57.6 €49.75

$126 ISK 15.7K

-54.34%

Fast Food Meal (McDonalds, etc)

$10.6 €9.15

$20.34 ISK 2,538

-47.89%

Cappuccino

$2.39 €2.06

$6.09 ISK 760

-60.76%

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

$2.6 €2.24

$3.36 ISK 419

-22.62%

Water (0.33 liter bottle)

$1.91 €1.65

$2.7 ISK 337

-29.26%

Local Beer (0.5 liter draught)

$3.44 €2.97

$12.07 ISK 1,506

-71.50%

Imported Beer (0.33 liter bottle)

$4.11 €3.55

$10.47 ISK 1,306

-60.74%

Milk (1 liter)

$1.18 €1.02

$1.95 ISK 243

-39.49%

White Bread (500g)

$1.53 €1.32

$4.07 ISK 508

-62.41%

Rice (white) (1kg)

$1.61 €1.39

$3.48 ISK 434

-53.74%

Eggs

$3.1 €2.68

$6.36 ISK 793

-51.26%

Local Cheese (1kg)

$14.26 €12.32

$18.36 ISK 2,290

-22.33%

Chicken Fillets (1kg)

$8.6 €7.42

$24.71 ISK 3,082

-65.20%

Beef Round Steak (1kg)

$15.7 €13.56

$42.1 ISK 5,251

-62.71%

Apples (1kg)

$2.45 €2.12

$3.18 ISK 397

-22.96%

Banana (1kg)

$2.07 €1.78

$2.49 ISK 310

-16.87%

Oranges (1kg)

$2.03 €1.75

$2.92 ISK 365

-30.48%

Tomato (1kg)

$2.65 €2.29

$4.86 ISK 606

-45.47%

Potato (1kg)

$1.83 €1.58

$3.68 ISK 460

-50.27%

Onion (1kg)

$1.96 €1.69

$2.26 ISK 281

-13.27%

Lettuce (1 head)

$1.36 €1.17

$3.17 ISK 396

-57.10%

Water (1.5 liter bottle)

$0.74 €0.64

$2.2 ISK 274

-66.36%

Cigarettes 20 Pack (Marlboro, Camel)

$6.43 €5.55

$14.05 ISK 1,753

-54.23%

Wine (Bottle)

$5.72 €4.94

$24.13 ISK 3,010

-76.30%

Local Beer (0.5 liter bottle)

$1.32 €1.14

$3.63 ISK 453

-63.64%

Imported Beer (0.33 liter bottle)

$2.08 €1.8

$3.21 ISK 401

-35.20%

One-way Ticket (Public Transport)

$1.79 €1.54

$5.24 ISK 653

-65.84%

Public Transport Monthly Pass (Regular Price)

$34.46 €29.75

$84.3 ISK 10.5K

-59.13%

Taxi Start (Normal Tariff)

$4.56 €3.94

$6.26 ISK 781

-27.16%

Taxi (Normal Tariff) (1km)

$1.33 €1.15

$2.37 ISK 296

-43.88%

Taxi 1hour Waiting (Normal Tariff)

$26.41 €22.8

$86.5 ISK 10.8K

-69.48%

Gasoline (1 liter)

$1.83 €1.58

$2.46 ISK 307

-25.61%

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

$39.3K €33.9K

$47.9K ISK 6M

-17.95%

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

$31.2K €27K

$54K ISK 6.7M

-42.12%

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

$149 €128

$90.4 ISK 11.3K

64.38%

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

$20.46 €17.67

$27.54 ISK 3,435

-25.71%

Internet (50+ Mbps, Unlimited Data)

$33.3 €28.75

$85.9 ISK 10.7K

-61.21%

Gym Membership (Monthly)

$47.32 €40.85

$81.8 ISK 10.2K

-42.14%

Tennis Court (1 Hour on Weekend)

$15.64 €13.5

$37.74 ISK 4,708

-58.56%

Cinema Ticket

$9.52 €8.22

$17.35 ISK 2,164

-45.13%

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

$522 €451

$348 ISK 43.4K

50.15%

International Primary School, 1 Child (Yearly)

$9,960 €8,600

$29.5K ISK 3.7M

-66.25%

Jeans (Levis 501 Or Similar)

$87.2 €75.3

$137 ISK 17.1K

-36.27%

Summer Dress (H&M, Zara, etc)

$37.22 €32.13

$64.2 ISK 8,005

-42.00%

Sport Shoes (Adidas, Nike)

$91.5 €79

$171 ISK 21.4K

-46.58%

Men's Leather Business Shoes

$108 €93

$254 ISK 31.6K

-57.55%

1-bedroom Apartment, City Center (Monthly)

$1,050 €907

$2,216 ISK 276.4K

-52.60%

1-bedroom Apartment, Outside City Center (Monthly)

$812 €701

$2,002 ISK 249.8K

-59.45%

3-bedroom Apartment, City Center (Monthly)

$1,692 €1,460

$3,148 ISK 392.7K

-46.27%

3-bedroom Apartment, Outside City Center (Monthly)

$1,239 €1,069

$2,722 ISK 339.5K

-54.49%

Buy Apartment in City Center (m2)

$4,233 €3,655

$7,550 ISK 941.9K

-43.93%

Buy Apartment Outside City Center (m2)

$2,725 €2,353

$6,306 ISK 786.7K

-56.79%

Average Monthly Net Salary (After Tax)

$1,998 €1,725

$4,591 ISK 572.7K

-56.47%

20-Year Fixed Mortgage Interest Rate (Annual %)

3.51

9.88

-64.47%

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

Last update for Spain: October 28, 2025

Last update for Iceland: October 28, 2025

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