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

Name: Iceland
Address: IS

🙂 Solo nomad: United States is 32.8% cheaper than Iceland without rent, and 23.9% cheaper with rent.

🙂 Family of 3: United States is 34.7% cheaper than Iceland without rent, and 20.7% cheaper with rent.

Meal at Budget Restaurant

$20.33 $20.33

$26.87 ISK 3,353

-24.34%

Three-Course Dinner for Two, Mid-Range

$74.4 $74.4

$126 ISK 15.7K

-41.07%

Fast Food Meal (McDonalds, etc)

$11.49 $11.49

$20.34 ISK 2,538

-43.51%

Cappuccino

$5.09 $5.09

$6.09 ISK 760

-16.42%

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

$2.54 $2.54

$3.36 ISK 419

-24.40%

Water (0.33 liter bottle)

$2.11 $2.11

$2.7 ISK 337

-21.85%

Local Beer (0.5 liter draught)

$6.09 $6.09

$12.07 ISK 1,506

-49.54%

Imported Beer (0.33 liter bottle)

$7.1 $7.1

$10.47 ISK 1,306

-32.19%

Milk (1 liter)

$1.08 $1.08

$1.95 ISK 243

-44.62%

White Bread (500g)

$3.7 $3.7

$4.07 ISK 508

-9.09%

Rice (white) (1kg)

$4.65 $4.65

$3.48 ISK 434

33.62%

Eggs

$4.21 $4.21

$6.36 ISK 793

-33.81%

Local Cheese (1kg)

$12.75 $12.75

$18.36 ISK 2,290

-30.56%

Chicken Fillets (1kg)

$12.24 $12.24

$24.71 ISK 3,082

-50.47%

Beef Round Steak (1kg)

$16.08 $16.08

$42.1 ISK 5,251

-61.81%

Apples (1kg)

$5.41 $5.41

$3.18 ISK 397

70.13%

Banana (1kg)

$1.73 $1.73

$2.49 ISK 310

-30.52%

Oranges (1kg)

$4.37 $4.37

$2.92 ISK 365

49.66%

Tomato (1kg)

$4.94 $4.94

$4.86 ISK 606

1.65%

Potato (1kg)

$2.88 $2.88

$3.68 ISK 460

-21.74%

Onion (1kg)

$3.07 $3.07

$2.26 ISK 281

35.84%

Lettuce (1 head)

$2.25 $2.25

$3.17 ISK 396

-29.02%

Water (1.5 liter bottle)

$2.21 $2.21

$2.2 ISK 274

0.45%

Cigarettes 20 Pack (Marlboro, Camel)

$10.09 $10.09

$14.05 ISK 1,753

-28.19%

Wine (Bottle)

$14.73 $14.73

$24.13 ISK 3,010

-38.96%

Local Beer (0.5 liter bottle)

$1.91 $1.91

$3.63 ISK 453

-47.38%

Imported Beer (0.33 liter bottle)

$3.54 $3.54

$3.21 ISK 401

10.28%

One-way Ticket (Public Transport)

$2.56 $2.56

$5.24 ISK 653

-51.15%

Public Transport Monthly Pass (Regular Price)

$63.9 $63.9

$84.3 ISK 10.5K

-24.28%

Taxi Start (Normal Tariff)

$3.81 $3.81

$6.26 ISK 781

-39.14%

Taxi (Normal Tariff) (1km)

$1.77 $1.77

$2.37 ISK 296

-25.32%

Taxi 1hour Waiting (Normal Tariff)

$30.4 $30.4

$86.5 ISK 10.8K

-64.86%

Gasoline (1 liter)

$0.94 $0.94

$2.46 ISK 307

-61.79%

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

$30K $30K

$47.9K ISK 6M

-37.45%

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

$25.8K $25.8K

$54K ISK 6.7M

-52.23%

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

$209 $209

$90.4 ISK 11.3K

130.81%

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

$57.9 $57.9

$27.54 ISK 3,435

110.06%

Internet (50+ Mbps, Unlimited Data)

$71.1 $71.1

$85.9 ISK 10.7K

-17.19%

Gym Membership (Monthly)

$45.88 $45.88

$81.8 ISK 10.2K

-43.91%

Tennis Court (1 Hour on Weekend)

$22.25 $22.25

$37.74 ISK 4,708

-41.04%

Cinema Ticket

$14.14 $14.14

$17.35 ISK 2,164

-18.50%

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

$1,373 $1,373

$348 ISK 43.4K

294.88%

International Primary School, 1 Child (Yearly)

$22.4K $22.4K

$29.5K ISK 3.7M

-24.26%

Jeans (Levis 501 Or Similar)

$51.5 $51.5

$137 ISK 17.1K

-62.37%

Summer Dress (H&M, Zara, etc)

$41.96 $41.96

$64.2 ISK 8,005

-34.61%

Sport Shoes (Adidas, Nike)

$88.3 $88.3

$171 ISK 21.4K

-48.45%

Men's Leather Business Shoes

$112 $112

$254 ISK 31.6K

-56.00%

1-bedroom Apartment, City Center (Monthly)

$1,731 $1,731

$2,216 ISK 276.4K

-21.86%

1-bedroom Apartment, Outside City Center (Monthly)

$1,446 $1,446

$2,002 ISK 249.8K

-27.81%

3-bedroom Apartment, City Center (Monthly)

$2,846 $2,846

$3,148 ISK 392.7K

-9.59%

3-bedroom Apartment, Outside City Center (Monthly)

$2,366 $2,366

$2,722 ISK 339.5K

-13.07%

Buy Apartment in City Center (m2)

$3,245 $3,245

$7,550 ISK 941.9K

-57.02%

Buy Apartment Outside City Center (m2)

$2,667 $2,667

$6,306 ISK 786.7K

-57.72%

Average Monthly Net Salary (After Tax)

$4,312 $4,312

$4,591 ISK 572.7K

-6.06%

20-Year Fixed Mortgage Interest Rate (Annual %)

6.51

9.88

-34.11%

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

Last update for United States: October 27, 2025

Last update for Iceland: October 28, 2025

Similar cities

Austin, TX

🇺🇸 United States

Dubai

🇦🇪 United Arab Emirates

Toronto

🇨🇦 Canada

Singapore

🇸🇬 Singapore

Dublin

🇮🇪 Ireland

Milan

🇮🇹 Italy

Melbourne

🇦🇺 Australia

Paris

🇫🇷 France