Iceland vs. Arizona Cost of Living Summary

Iceland is 33.7% more expensive than Arizona.

Restaurants
pay 54.5% more in Iceland
Groceries
pay 26.0% more in Iceland
Transportation
pay 61.4% more in Iceland
Housing
pay 13.7% more in Iceland
Childcare
pay 7.6% more in Iceland
Entertainment and Sports
pay 54.5% more in Iceland
Clothing
pay 91.8% more in Iceland

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

Iceland vs. Arizona Cost Breakdown

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

pay 54.5% more for restaurants

 
Arizona
Iceland
Basic meal with drink at inexpensive restaurant $19.20
 
$28.88
ISK3,518
Fast food combo meal
McDonalds, or similar
$12.70
 
$22.83
ISK2,782
Bottle of Coca-Cola (11 fl. oz) $2.86
 
$3.25
ISK395

Improve prices ·

pay 26.0% more for groceries

 
Arizona
Iceland
Bread
1 loaf
$3.62
 
$3.55
ISK433
Local cheese (8 oz) $6.58
 
$10.11
ISK1,232
Milk (1 gallon) $3.38
 
$7.79
ISK949

Improve prices ·

pay 61.4% more for transportation

 
Arizona
Iceland
Gasoline (1 gallon) $4.25
 
$8.09
ISK985
Monthly public transit pass $56.69
 
$80.58
ISK9,817
New Volkswagen Golf 1.4 (standard edition) $34,673.49
 
$48,967.53
ISK6M

Improve prices ·

pay 13.7% more for housing

 
Arizona
Iceland
Internet connection
50 mbps or faster, cable/dsl
$73.25
 
$98.24
ISK11,969
1-Bedroom apartment in downtown area $1,687.34
 
$2,335.24
ISK285K
1-Bedroom apartment outside city center $1,391.97
 
$1,824.40
ISK222K

Improve prices ·

pay 7.6% more for childcare

 
Arizona
Iceland
Private preschool for 1 child, monthly $1,136.54
 
$833.66
ISK102K
Middle school for 1 child, two semesters $17,592.14
 
$27,752.37
ISK3M

Improve prices ·

pay 54.5% more for entertainment and sports

 
Arizona
Iceland
Domestic/local beer (1 pint) $6.10
 
$11.37
ISK1,386
Cappuccino in mid-range area $5.53
 
$5.90
ISK718
Pack of cigarettes
Marlboro or similar
$10.65
 
$13.85
ISK1,688

Improve prices ·

pay 91.8% more for clothing

 
Arizona
Iceland
Regular jeans
Levi's brand
$53.64
 
$134.47
ISK16,382
Regular dress
from H&M or similar store
$40.61
 
$63.25
ISK7,705
Running shoes
Nike or Adidas
$94.26
 
$159.03
ISK19,374

Improve prices ·

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

Share this

Compare countries by overall cost of living

See the cost of living in United States vs. Iceland. This provides a comparison of the average cost of living from cities within United States and Iceland.

Help us improve these prices

MyLifeElsewhere is a collaborative project. Please enter price information for your location to help assist us in making these comparisons more accurate. Learn more

Ask the Elsewhere Community

Join the Elsewhere community and ask a question about Iceland or Arizona. It's a free, question-and-answer based forum to discuss what life is like in countries and cities around the world.