Cost of living comparison
Iceland is 25.8% more expensive than Austria.
If you lived in Iceland instead of Austria, you would:
pay 5.5% more for restaurants
|
Austria
|
Iceland
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$13.96
€12.24
|
$15.00
kr1,574
|
|
|
Fast food combo meal
McDonalds, or similar
|
$8.49
€7.44
|
$12.33
kr1,294
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.73
€2.39
|
$2.20
kr231
|
|
| Bottle of water (11 fl. oz) |
$2.27
€1.99
|
$2.00
kr210
|
|
pay 26.1% more for groceries
|
Austria
|
Iceland
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$2.17
€1.90
|
$3.14
kr330
|
|
| Local cheese (8 oz) |
$7.10
€6.23
|
$5.86
kr615
|
|
| Milk (1 gallon) |
$4.53
€3.97
|
$5.16
kr542
|
|
|
Eggs
1 dozen
|
$3.19
€2.80
|
$5.51
kr578
|
|
| Boneless chicken breast (1 lb) |
$5.13
€4.50
|
$7.10
kr745
|
|
| Apples (1 lb) |
$1.00
€0.88
|
$1.19
kr125
|
|
| Bananas (1 lb) |
$0.78
€0.68
|
$1.08
kr114
|
|
| Oranges (1 lb) |
$1.10
€0.96
|
$1.13
kr119
|
|
| Tomatoes (1 lb) |
$1.32
€1.15
|
$1.70
kr179
|
|
| Potatoes (1 lb) |
$0.73
€0.64
|
$1.01
kr106
|
|
| Onions (1 lb) |
$0.64
€0.56
|
$0.66
kr69
|
|
pay 26.2% more for transportation
|
Austria
|
Iceland
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$6.89
€6.04
|
$7.21
kr757
|
|
| Monthly public transit pass |
$48.91
€42.89
|
$85.09
kr8,930
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$24,457.96
€21,447.21
|
$27,857.83
kr2,923,679
|
|
| Taxi trip in downtown area (5 miles) |
$18.99
€16.65
|
$21.37
kr2,242
|
|
pay 48.0% more for housing
|
Austria
|
Iceland
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$36.27
€31.80
|
$66.89
kr7,020
|
|
| 1-Bedroom apartment in downtown area |
$766.13
€671.82
|
$1,349.42
kr141,621
|
|
| 1-Bedroom apartment outside city center |
$596.46
€523.04
|
$1,143.63
kr120,024
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$178.40
€156.44
|
$70.86
kr7,437
|
|
pay 46.2% less for childcare
|
Austria
|
Iceland
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$368.77
€323.38
|
$277.52
kr29,126
|
|
| Middle school for 1 child, two semesters |
$8,777.60
€7,697.08
|
$2,822.44
kr296,215
|
|
pay 56.9% more for entertainment and sports
|
Austria
|
Iceland
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$3.93
€3.45
|
$7.85
kr824
|
|
| Cappuccino in mid-range area |
$3.09
€2.71
|
$4.10
kr430
|
|
|
Pack of cigarettes
Marlboro or similar
|
$5.84
€5.12
|
$11.37
kr1,194
|
|
| Monthly membership at local gym |
$39.56
€34.69
|
$63.31
kr6,644
|
|
| Movie ticket to theater/cinema |
$12.05
€10.56
|
$11.69
kr1,227
|
|
pay 64.2% more for clothing
|
Austria
|
Iceland
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$84.61
€74.19
|
$117.41
kr12,322
|
|
|
Regular dress
from H&M or similar store
|
$34.20
€29.99
|
$55.13
kr5,786
|
|
|
Running shoes
Nike or Adidas
|
$83.23
€72.98
|
$156.49
kr16,424
|
|
| Men's business shoes (leather) |
$113.40
€99.44
|
$191.54
kr20,102
|
|
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