Cost of living comparison
Iceland is 3.8% more expensive than Luxembourg.
If you lived in Iceland instead of Luxembourg, you would:
pay 7.5% less for restaurants
Luxembourg
|
Iceland
|
||
---|---|---|---|
Basic meal with drink at inexpensive restaurant |
$18.47
€17.13
|
$17.84
ISK2,489
|
|
Fast food combo meal
McDonalds, or similar
|
$12.80
€11.88
|
$14.27
ISK1,991
|
|
Bottle of Coca-Cola (11 fl. oz) |
$2.82
€2.62
|
$2.32
ISK323
|
|
Bottle of water (11 fl. oz) |
$2.66
€2.47
|
$2.12
ISK296
|
|
pay 1.5% more for groceries
Luxembourg
|
Iceland
|
||
---|---|---|---|
Bread
1 loaf
|
$2.85
€2.64
|
$3.42
ISK478
|
|
Local cheese (8 oz) |
$7.44
€6.90
|
$5.98
ISK835
|
|
Milk (1 gallon) |
$5.75
€5.34
|
$5.33
ISK743
|
|
Eggs
1 dozen
|
$3.67
€3.41
|
$5.66
ISK790
|
|
Boneless chicken breast (1 lb) |
$5.92
€5.50
|
$7.09
ISK990
|
|
Apples (1 lb) |
$1.27
€1.18
|
$1.16
ISK162
|
|
Bananas (1 lb) |
$0.93
€0.86
|
$0.98
ISK137
|
|
Oranges (1 lb) |
$1.48
€1.37
|
$1.17
ISK163
|
|
Tomatoes (1 lb) |
$1.72
€1.59
|
$1.84
ISK256
|
|
Potatoes (1 lb) |
$0.84
€0.78
|
$0.96
ISK134
|
|
Onions (1 lb) |
$0.98
€0.91
|
$0.51
ISK71
|
|
pay 59.5% more for transportation
Luxembourg
|
Iceland
|
||
---|---|---|---|
Gasoline (1 gallon) |
$6.08
€5.64
|
$8.03
ISK1,121
|
|
Monthly public transit pass |
$24.74
€22.95
|
$77.40
ISK10,800
|
|
New Volkswagen Golf 1.4 (standard edition) |
$27,288.34
€25,316.76
|
$29,836.83
ISK4,163,431
|
|
Taxi trip in downtown area (5 miles) |
$28.68
€26.61
|
$23.97
ISK3,344
|
|
pay 20.6% less for housing
Luxembourg
|
Iceland
|
||
---|---|---|---|
Internet connection
50 mbps or faster, cable/dsl
|
$55.88
€51.84
|
$62.40
ISK8,708
|
|
1-Bedroom apartment in downtown area |
$1,700.62
€1,577.75
|
$1,437.14
ISK200,539
|
|
1-Bedroom apartment outside city center |
$1,513.73
€1,404.36
|
$1,215.63
ISK169,628
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$166.86
€154.81
|
$68.63
ISK9,577
|
|
pay 73.8% less for childcare
Luxembourg
|
Iceland
|
||
---|---|---|---|
Private preschool for 1 child, monthly |
$865.49
€802.96
|
$259.34
ISK36,189
|
|
Middle school for 1 child, two semesters |
$12,306.85
€11,417.68
|
$2,750.10
ISK383,749
|
|
pay 24.0% more for entertainment and sports
Luxembourg
|
Iceland
|
||
---|---|---|---|
Domestic/local beer (1 pint) |
$5.03
€4.66
|
$8.52
ISK1,189
|
|
Cappuccino in mid-range area |
$3.32
€3.08
|
$4.15
ISK579
|
|
Pack of cigarettes
Marlboro or similar
|
$7.68
€7.12
|
$10.64
ISK1,484
|
|
Monthly membership at local gym |
$59.31
€55.02
|
$56.90
ISK7,940
|
|
Movie ticket to theater/cinema |
$13.50
€12.52
|
$12.27
ISK1,713
|
|
pay 43.2% more for clothing
Luxembourg
|
Iceland
|
||
---|---|---|---|
Regular jeans
Levi's brand
|
$78.15
€72.50
|
$118.08
ISK16,476
|
|
Regular dress
from H&M or similar store
|
$43.32
€40.19
|
$50.39
ISK7,031
|
|
Running shoes
Nike or Adidas
|
$98.14
€91.05
|
$151.12
ISK21,087
|
|
Men's business shoes (leather) |
$115.79
€107.43
|
$175.20
ISK24,447
|
|
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