Cost of living comparison
Germany is 13.6% more expensive than Iceland.
If you lived in Germany instead of Iceland, you would:
pay 8.9% less for restaurants
Iceland
|
Germany
|
||
---|---|---|---|
Basic meal with drink at inexpensive restaurant |
$17.84
ISK2,489
|
$12.84
€11.91
|
|
Fast food combo meal
McDonalds, or similar
|
$14.27
ISK1,991
|
$9.44
€8.76
|
|
Bottle of Coca-Cola (11 fl. oz) |
$2.32
ISK323
|
$2.65
€2.46
|
|
Bottle of water (11 fl. oz) |
$2.12
ISK296
|
$2.37
€2.20
|
|
pay 23.5% less for groceries
Iceland
|
Germany
|
||
---|---|---|---|
Bread
1 loaf
|
$3.42
ISK478
|
$2.00
€1.85
|
|
Local cheese (8 oz) |
$5.98
ISK835
|
$6.74
€6.26
|
|
Milk (1 gallon) |
$5.33
ISK743
|
$4.22
€3.92
|
|
Eggs
1 dozen
|
$5.66
ISK790
|
$2.93
€2.72
|
|
Boneless chicken breast (1 lb) |
$7.09
ISK990
|
$3.90
€3.62
|
|
Apples (1 lb) |
$1.16
ISK162
|
$1.21
€1.12
|
|
Bananas (1 lb) |
$0.98
ISK137
|
$0.80
€0.74
|
|
Oranges (1 lb) |
$1.17
ISK163
|
$1.02
€0.95
|
|
Tomatoes (1 lb) |
$1.84
ISK256
|
$0.61
€0.57
|
|
Potatoes (1 lb) |
$0.96
ISK134
|
$0.73
€0.68
|
|
Onions (1 lb) |
$0.51
ISK71
|
$0.52
€0.49
|
|
pay 4.9% less for transportation
Iceland
|
Germany
|
||
---|---|---|---|
Gasoline (1 gallon) |
$8.03
ISK1,121
|
$8.31
€7.71
|
|
Monthly public transit pass |
$77.40
ISK10,800
|
$73.47
€68.16
|
|
New Volkswagen Golf 1.4 (standard edition) |
$29,836.83
ISK4,163,431
|
$27,050.12
€25,095.75
|
|
Taxi trip in downtown area (5 miles) |
$23.97
ISK3,344
|
$21.90
€20.32
|
|
pay 13.9% more for housing
Iceland
|
Germany
|
||
---|---|---|---|
Internet connection
50 mbps or faster, cable/dsl
|
$62.40
ISK8,708
|
$37.93
€35.19
|
|
1-Bedroom apartment in downtown area |
$1,437.14
ISK200,539
|
$759.74
€704.85
|
|
1-Bedroom apartment outside city center |
$1,215.63
ISK169,628
|
$577.93
€536.17
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$68.63
ISK9,577
|
$202.18
€187.57
|
|
pay 2.8 times more for childcare
Iceland
|
Germany
|
||
---|---|---|---|
Private preschool for 1 child, monthly |
$259.34
ISK36,189
|
$325.78
€302.24
|
|
Middle school for 1 child, two semesters |
$2,750.10
ISK383,749
|
$11,890.74
€11,031.63
|
|
pay 27.7% less for entertainment and sports
Iceland
|
Germany
|
||
---|---|---|---|
Domestic/local beer (1 pint) |
$8.52
ISK1,189
|
$4.05
€3.76
|
|
Cappuccino in mid-range area |
$4.15
ISK579
|
$3.27
€3.03
|
|
Pack of cigarettes
Marlboro or similar
|
$10.64
ISK1,484
|
$8.03
€7.45
|
|
Monthly membership at local gym |
$56.90
ISK7,940
|
$34.77
€32.26
|
|
Movie ticket to theater/cinema |
$12.27
ISK1,713
|
$12.08
€11.20
|
|
pay 32.4% less for clothing
Iceland
|
Germany
|
||
---|---|---|---|
Regular jeans
Levi's brand
|
$118.08
ISK16,476
|
$80.79
€74.95
|
|
Regular dress
from H&M or similar store
|
$50.39
ISK7,031
|
$39.60
€36.74
|
|
Running shoes
Nike or Adidas
|
$151.12
ISK21,087
|
$88.39
€82.01
|
|
Men's business shoes (leather) |
$175.20
ISK24,447
|
$113.48
€105.28
|
|
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