Cost of living comparison

Albania

compared to

Iceland

Iceland vs. Albania Cost of Living Summary

Iceland is 2.7 times more expensive than Albania overall.

Restaurants: pay 2.8 times more in Iceland
Groceries: pay 2.1 times more in Iceland
Transportation: pay 61.1% more in Iceland
Housing: pay 3.9 times more in Iceland
Childcare: pay 4.9 times more in Iceland
Entertainment and Sports: pay 2.5 times more in Iceland
Clothing: pay 77.7% more in Iceland

The cost of childcare, housing, restaurants, entertainment and sports, groceries, and clothing in Iceland are more expensive than in Albania. Notably, childcare, housing, and restaurants are significantly more expensive in Iceland.

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Iceland vs. Albania Cost Breakdown

If you lived in Iceland instead of Albania, you would:

Display currency: USD

pay 2.8 times more for restaurants

	Albania	Iceland
Basic meal with drink at inexpensive restaurant	$9.26 ALL751	$28.88 ISK3,517	+211.8%
Fast food combo meal McDonalds, or similar	$8.38 ALL679	$22.83 ISK2,781	+172.6%
Bottle of Coca-Cola (11 fl. oz)	$1.93 ALL156	$3.25 ISK395	+68.1%
Bottle of water (11 fl. oz)	$0.87 ALL70	$3.01 ISK367	+246.5%
Average			+182.6%

Albania vs. Iceland - Cost of restaurants

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pay 2.1 times more for groceries

	Albania	Iceland
Bread 1 loaf	$1.04 ALL84	$3.55 ISK433	+242.4%
Local cheese (8 oz)	$5.44 ALL441	$10.11 ISK1,232	+85.9%
Milk (1 gallon)	$7.68 ALL623	$7.79 ISK949	+1.4%
Eggs 1 dozen	$3.12 ALL253	$6.92 ISK843	+121.8%
Boneless chicken breast (1 lb)	$3.48 ALL282	$11.01 ISK1,341	+216.4%
Apples (1 lb)	$0.72 ALL58	$1.43 ISK174	+98.2%
Bananas (1 lb)	$1.06 ALL86	$1.23 ISK149	+15.2%
Oranges (1 lb)	$0.76 ALL61	$1.42 ISK173	+87.5%
Tomatoes (1 lb)	$0.70 ALL57	$2.60 ISK317	+273.1%
Potatoes (1 lb)	$0.46 ALL37	$1.71 ISK208	+272.5%
Onions (1 lb)	$0.52 ALL42	$0.76 ISK92	+44.8%
Average			+112.1%

Albania vs. Iceland - Cost of groceries

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pay 61.1% more for transportation

	Albania	Iceland
Gasoline (1 gallon)	$8.37 ALL678	$8.09 ISK985	-3.4%
Monthly public transit pass	$19.20 ALL1,556	$80.58 ISK9,813	+319.7%
New Volkswagen Golf 1.4 (standard edition)	$30,477.94 ALL2M	$48,967.53 ISK6M	+60.7%
Taxi trip in downtown area (5 miles)	$29.52 ALL2,392	$26.24 ISK3,195	-11.1%
Average			+61.1%

Albania vs. Iceland - Cost of transportation

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pay 3.9 times more for housing

	Albania	Iceland
Internet connection 50 mbps or faster, cable/dsl	$16.78 ALL1,360	$98.24 ISK11,964	+485.5%
1-Bedroom apartment in downtown area	$559.99 ALL45,385	$2,335.24 ISK284K	+317.0%
1-Bedroom apartment outside city center	$345.46 ALL27,998	$1,824.40 ISK222K	+428.1%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$58.30 ALL4,725	$72.34 ISK8,809	+24.1%
Average			+288.7%

Albania vs. Iceland - Cost of housing

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pay 4.9 times more for childcare

	Albania	Iceland
Private preschool for 1 child, monthly	$196.72 ALL15,944	$833.66 ISK102K	+323.8%
Middle school for 1 child, two semesters	$4,891.77 ALL396K	$27,752.37 ISK3M	+467.3%
Average			+390.3%

Albania vs. Iceland - Cost of childcare

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pay 2.5 times more for entertainment and sports

	Albania	Iceland
Domestic/local beer (1 pint)	$2.71 ALL220	$11.37 ISK1,385	+319.2%
Cappuccino in mid-range area	$1.97 ALL159	$5.90 ISK718	+199.8%
Pack of cigarettes Marlboro or similar	$4.42 ALL358	$13.85 ISK1,687	+213.2%
Monthly membership at local gym	$53.63 ALL4,347	$83.64 ISK10,186	+56.0%
Movie ticket to theater/cinema	$8.11 ALL657	$17.92 ISK2,182	+120.9%
Average			+153.4%

Albania vs. Iceland - Cost of entertainment and sports

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pay 77.7% more for clothing

	Albania	Iceland
Regular jeans Levi's brand	$56.21 ALL4,556	$134.47 ISK16,375	+139.2%
Regular dress from H&M or similar store	$43.02 ALL3,487	$63.25 ISK7,702	+47.0%
Running shoes Nike or Adidas	$100.53 ALL8,148	$159.03 ISK19,366	+58.2%
Men's business shoes (leather)	$132.41 ALL10,731	$237.19 ISK28,885	+79.1%
Average			+77.7%

Albania vs. Iceland - Cost of clothing

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We average the price of thousands of data points entered by users across the world. Sources: MyLifeElsewhere's cost-of-living dataset (prices updated October 2026). How we calculate this

Compare further: Albania vs. Iceland

Salary Calculator · Free tool

What salary would you need in Iceland?

Quality of Life Comparison · 20 statistics

Make 7.6 times more money in Iceland

Size Comparison · See true size

Albania is about 3.6 times smaller than Iceland.

Moving from Albania to Iceland · OECD 2023

50 people moved from Albania to Iceland.

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