Cost of living comparison
compared to
Iceland vs. Alaska Cost of Living Summary
Iceland is 38.4% more expensive than Alaska.
- Restaurants
-
pay 20.4% more in Iceland
- Groceries
-
pay 5.2% more in Iceland
- Transportation
-
pay 79.3% more in Iceland
- Housing
-
pay 0.8% more in Iceland
- Childcare
-
pay 62.9% more in Iceland
- Entertainment and Sports
-
pay 15.6% more in Iceland
- Clothing
-
pay 84.5% more in Iceland
The cost of clothing, transportation, childcare, restaurants, entertainment and sports, and groceries in Iceland are more expensive than in Alaska. Notably, clothing and transportation are significantly more expensive in Iceland.
Iceland vs. Alaska Cost Breakdown
If you lived in Iceland instead of Alaska, you would:
pay 20.4% more for restaurants
|
Alaska
|
Iceland
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$29.06
|
$26.52
ISK3,352
|
|
|
Fast food combo meal
McDonalds, or similar
|
$13.66
|
$21.32
ISK2,694
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.79
|
$3.11
ISK393
|
|
| Bottle of water (11 fl. oz) |
$2.22
|
$2.72
ISK344
|
|
Alaska vs. Iceland - Cost of restaurants
pay 5.2% more for groceries
|
Alaska
|
Iceland
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$4.78
|
$3.80
ISK481
|
|
| Local cheese (8 oz) |
$8.03
|
$9.44
ISK1,193
|
|
| Milk (1 gallon) |
$4.69
|
$7.78
ISK983
|
|
|
Eggs
1 dozen
|
$4.85
|
$6.71
ISK848
|
|
| Boneless chicken breast (1 lb) |
$6.40
|
$11.22
ISK1,418
|
|
| Apples (1 lb) |
$3.59
|
$1.50
ISK189
|
|
| Bananas (1 lb) |
$1.15
|
$1.15
ISK145
|
|
| Oranges (1 lb) |
$2.75
|
$1.41
ISK179
|
|
| Tomatoes (1 lb) |
$2.83
|
$2.34
ISK296
|
|
| Potatoes (1 lb) |
$1.28
|
$1.65
ISK208
|
|
| Onions (1 lb) |
$1.43
|
$1.09
ISK138
|
|
Alaska vs. Iceland - Cost of groceries
pay 79.3% more for transportation
|
Alaska
|
Iceland
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$4.24
|
$9.65
ISK1,220
|
|
| Monthly public transit pass |
$47.50
|
$79.56
ISK10,056
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$27,029.83
|
$49,144.25
ISK6,211,833
|
|
| Taxi trip in downtown area (5 miles) |
$18.16
|
$25.55
ISK3,230
|
|
Alaska vs. Iceland - Cost of transportation
pay 0.8% more for housing
|
Alaska
|
Iceland
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$124.91
|
$95.65
ISK12,090
|
|
| 1-Bedroom apartment in downtown area |
$1,500.50
|
$2,289.17
ISK289,351
|
|
| 1-Bedroom apartment outside city center |
$1,309.00
|
$1,830.04
ISK231,318
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$190.02
|
$65.15
ISK8,235
|
|
Alaska vs. Iceland - Cost of housing
pay 62.9% more for childcare
|
Alaska
|
Iceland
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$1,147.73
|
$334.67
ISK42,302
|
|
| Middle school for 1 child, two semesters |
$10,350.00
|
$30,711.08
ISK3,881,881
|
|
Alaska vs. Iceland - Cost of childcare
pay 15.6% more for entertainment and sports
|
Alaska
|
Iceland
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$6.84
|
$11.14
ISK1,408
|
|
| Cappuccino in mid-range area |
$5.54
|
$5.62
ISK711
|
|
|
Pack of cigarettes
Marlboro or similar
|
$13.05
|
$13.90
ISK1,756
|
|
| Monthly membership at local gym |
$104.50
|
$78.17
ISK9,881
|
|
| Movie ticket to theater/cinema |
$12.65
|
$16.75
ISK2,118
|
|
Alaska vs. Iceland - Cost of entertainment and sports
pay 84.5% more for clothing
|
Alaska
|
Iceland
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$54.08
|
$130.91
ISK16,546
|
|
|
Regular dress
from H&M or similar store
|
$48.00
|
$61.83
ISK7,815
|
|
|
Running shoes
Nike or Adidas
|
$90.63
|
$163.81
ISK20,706
|
|
| Men's business shoes (leather) |
$127.30
|
$237.31
ISK29,996
|
|
Alaska vs. Iceland - Cost of clothing
The statistics used to build this comparison are calculated using data from users just like you.
We average the price of thousands of data points entered by users across the world.
Learn more about our data sources. Page last updated: December 2025
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