Cost of living comparison
compared to
Iceland vs. Albany Cost of Living Summary
Iceland is 39.7% more expensive than Albany.
- Restaurants
-
pay 27.3% more in Iceland
- Groceries
-
pay 18.9% more in Iceland
- Transportation
-
pay 73.8% more in Iceland
- Housing
-
pay 15.6% more in Iceland
- Childcare
-
pay 0.2% less in Iceland
- Entertainment and Sports
-
pay 41.6% more in Iceland
- Clothing
-
pay 2.0 times more in Iceland
The cost of clothing, transportation, entertainment and sports, restaurants, groceries, and housing in Iceland are more expensive than in Albany. Notably, clothing is significantly more expensive in Iceland.
Iceland vs. Albany Cost Breakdown
If you lived in Iceland instead of Albany, you would:
pay 27.3% more for restaurants
|
Albany
|
Iceland
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$24.00
|
$26.52
ISK3,352
|
|
|
Fast food combo meal
McDonalds, or similar
|
$14.25
|
$21.32
ISK2,694
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.71
|
$3.11
ISK393
|
|
| Bottle of water (11 fl. oz) |
$2.02
|
$2.72
ISK344
|
|
Albany vs. Iceland - Cost of restaurants
pay 18.9% more for groceries
|
Albany
|
Iceland
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$3.93
|
$3.80
ISK481
|
|
| Local cheese (8 oz) |
$7.62
|
$9.44
ISK1,193
|
|
| Milk (1 gallon) |
$3.94
|
$7.78
ISK983
|
|
|
Eggs
1 dozen
|
$5.68
|
$6.71
ISK848
|
|
| Boneless chicken breast (1 lb) |
$6.74
|
$11.22
ISK1,418
|
|
| Apples (1 lb) |
$2.27
|
$1.50
ISK189
|
|
| Bananas (1 lb) |
$0.65
|
$1.15
ISK145
|
|
| Oranges (1 lb) |
$2.63
|
$1.41
ISK179
|
|
| Tomatoes (1 lb) |
$2.17
|
$2.34
ISK296
|
|
| Potatoes (1 lb) |
$1.22
|
$1.65
ISK208
|
|
| Onions (1 lb) |
$1.64
|
$1.09
ISK138
|
|
Albany vs. Iceland - Cost of groceries
pay 73.8% more for transportation
|
Albany
|
Iceland
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$3.44
|
$9.65
ISK1,220
|
|
| Monthly public transit pass |
$65.00
|
$79.56
ISK10,056
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$36,787.68
|
$49,144.25
ISK6,211,833
|
|
| Taxi trip in downtown area (5 miles) |
$16.15
|
$25.55
ISK3,230
|
|
Albany vs. Iceland - Cost of transportation
pay 15.6% more for housing
|
Albany
|
Iceland
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$80.55
|
$95.65
ISK12,090
|
|
| 1-Bedroom apartment in downtown area |
$1,426.00
|
$2,289.17
ISK289,351
|
|
| 1-Bedroom apartment outside city center |
$1,280.00
|
$1,830.04
ISK231,318
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$161.67
|
$65.15
ISK8,235
|
|
Albany vs. Iceland - Cost of housing
pay 0.2% less for childcare
|
Albany
|
Iceland
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$1,766.67
|
$334.67
ISK42,302
|
|
| Middle school for 1 child, two semesters |
$17,000.00
|
$30,711.08
ISK3,881,881
|
|
Albany vs. Iceland - Cost of childcare
pay 41.6% more for entertainment and sports
|
Albany
|
Iceland
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$5.50
|
$11.14
ISK1,408
|
|
| Cappuccino in mid-range area |
$5.80
|
$5.62
ISK711
|
|
|
Pack of cigarettes
Marlboro or similar
|
$14.75
|
$13.90
ISK1,756
|
|
| Monthly membership at local gym |
$38.60
|
$78.17
ISK9,881
|
|
| Movie ticket to theater/cinema |
$15.00
|
$16.75
ISK2,118
|
|
Albany vs. Iceland - Cost of entertainment and sports
pay 2.0 times more for clothing
|
Albany
|
Iceland
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$54.80
|
$130.91
ISK16,546
|
|
|
Regular dress
from H&M or similar store
|
$39.77
|
$61.83
ISK7,815
|
|
|
Running shoes
Nike or Adidas
|
$86.67
|
$163.81
ISK20,706
|
|
| Men's business shoes (leather) |
$107.83
|
$237.31
ISK29,996
|
|
Albany 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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