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 30.3% cheaper than Iceland without rent, and 27.8% cheaper with rent.

🙂 Family of 3: United States is 32.7% cheaper than Iceland without rent, and 24.7% cheaper with rent.

Meal at Budget Restaurant

$20.22 $20.22

$26.42 ISK 3,328

-23.47%

Three-Course Dinner for Two, Mid-Range

$75.7 $75.7

$128 ISK 16.1K

-40.76%

Fast Food Meal (McDonalds, etc)

$11.47 $11.47

$19.96 ISK 2,514

-42.54%

Cappuccino

$5.13 $5.13

$5.99 ISK 755

-14.36%

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

$2.61 $2.61

$3.32 ISK 418

-21.39%

Water (0.33 liter bottle)

$2.14 $2.14

$2.62 ISK 330

-18.32%

Local Beer (0.5 liter draught)

$6.17 $6.17

$12.09 ISK 1,523

-48.97%

Imported Beer (0.33 liter bottle)

$7.07 $7.07

$10.65 ISK 1,341

-33.62%

Milk (1 liter)

$1.08 $1.08

$1.95 ISK 246

-44.62%

White Bread (500g)

$3.74 $3.74

$4.21 ISK 531

-11.16%

Rice (white) (1kg)

$4.57 $4.57

$3.59 ISK 452

27.30%

Eggs

$4.20 $4.20

$6.41 ISK 808

-34.48%

Local Cheese (1kg)

$13.02 $13.02

$18.74 ISK 2,360

-30.52%

Chicken Fillets (1kg)

$12.18 $12.18

$23.89 ISK 3,010

-49.02%

Beef Round Steak (1kg)

$16.14 $16.14

$42.05 ISK 5,298

-61.62%

Apples (1kg)

$5.31 $5.31

$3.07 ISK 387

72.96%

Banana (1kg)

$1.72 $1.72

$2.50 ISK 315

-31.20%

Oranges (1kg)

$4.59 $4.59

$2.89 ISK 364

58.82%

Tomato (1kg)

$4.96 $4.96

$4.96 ISK 625

Potato (1kg)

$3.00 $3.00

$3.51 ISK 442

-14.53%

Onion (1kg)

$3.04 $3.04

$2.28 ISK 287

33.33%

Lettuce (1 head)

$2.18 $2.18

$3.09 ISK 390

-29.45%

Water (1.5 liter bottle)

$2.19 $2.19

$2.17 ISK 274

0.92%

Cigarettes 20 Pack (Marlboro, Camel)

$10.16 $10.16

$14.28 ISK 1,799

-28.85%

Wine (Bottle)

$15.16 $15.16

$23.25 ISK 2,929

-34.80%

Local Beer (0.5 liter bottle)

$1.99 $1.99

$3.72 ISK 468

-46.51%

Imported Beer (0.33 liter bottle)

$3.71 $3.71

$3.20 ISK 404

15.94%

One-way Ticket (Public Transport)

$2.48 $2.48

$5.29 ISK 666

-53.12%

Public Transport Monthly Pass (Regular Price)

$63.9 $63.9

$84.2 ISK 10.6K

-24.12%

Taxi Start (Normal Tariff)

$3.69 $3.69

$6.39 ISK 805

-42.25%

Taxi (Normal Tariff) (1km)

$1.76 $1.76

$2.38 ISK 300

-26.05%

Taxi 1hour Waiting (Normal Tariff)

$30.06 $30.06

$84.9 ISK 10.7K

-64.59%

Gasoline (1 liter)

$0.96 $0.96

$2.54 ISK 320

-62.20%

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

$30.2K $30.2K

$47.1K ISK 5.9M

-35.80%

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

$26.3K $26.3K

$54.5K ISK 6.9M

-51.73%

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

$207 $207

$90.6 ISK 11.4K

128.93%

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

$57.0 $57.0

$27.40 ISK 3,451

108.14%

Internet (50+ Mbps, Unlimited Data)

$71.5 $71.5

$88.2 ISK 11.1K

-18.94%

Gym Membership (Monthly)

$45.91 $45.91

$82.6 ISK 10.4K

-44.42%

Tennis Court (1 Hour on Weekend)

$22.25 $22.25

$37.13 ISK 4,677

-40.08%

Cinema Ticket

$14.13 $14.13

$17.81 ISK 2,244

-20.66%

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

$1,385 $1,385

$347 ISK 43.7K

298.70%

International Primary School, 1 Child (Yearly)

$22.2K $22.2K

$29.7K ISK 3.7M

-25.25%

Jeans (Levis 501 Or Similar)

$52.1 $52.1

$138 ISK 17.4K

-62.21%

Summer Dress (H&M, Zara, etc)

$42.53 $42.53

$62.7 ISK 7,898

-32.17%

Sport Shoes (Adidas, Nike)

$89.9 $89.9

$175 ISK 22.0K

-48.52%

Men's Leather Business Shoes

$114 $114

$253 ISK 31.9K

-54.80%

1-bedroom Apartment, City Center (Monthly)

$1,743 $1,743

$2,235 ISK 281.6K

-22.02%

1-bedroom Apartment, Outside City Center (Monthly)

$1,422 $1,422

$1,977 ISK 249.1K

-28.11%

3-bedroom Apartment, City Center (Monthly)

$2,821 $2,821

$3,150 ISK 396.8K

-10.43%

3-bedroom Apartment, Outside City Center (Monthly)

$2,370 $2,370

$2,737 ISK 344.7K

-13.40%

Buy Apartment in City Center (m2)

$3,338 $3,338

$7,399 ISK 932.0K

-54.89%

Buy Apartment Outside City Center (m2)

$2,615 $2,615

$6,095 ISK 767.8K

-57.09%

Average Monthly Net Salary (After Tax)

$4,230 $4,230

$4,487 ISK 565.2K

-5.72%

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: January 13, 2026

Last update for Iceland: January 13, 2026

Digital Nomad Cost of Living Index

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

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