Cost of living comparison
Iceland is 24.8% more expensive than Austria overall.
- Restaurants
-
pay 15.0% more in Iceland
- Groceries
-
pay 11.4% more in Iceland
- Transportation
-
pay 34.9% more in Iceland
- Housing
-
pay 63.5% more in Iceland
- Childcare
-
pay 49.2% less in Iceland
- Entertainment and Sports
-
pay 50.6% more in Iceland
- Clothing
-
pay 47.5% more in Iceland
The cost of housing, entertainment and sports, clothing, transportation, restaurants, and groceries in Iceland are more expensive than in Austria.
If you lived in Iceland instead of Austria, you would:
pay 15.0% more for restaurants
|
Austria
|
Iceland
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$15.38
€13.78
|
$19.40
ISK2,535
|
|
|
Fast food combo meal
McDonalds, or similar
|
$10.63
€9.52
|
$16.94
ISK2,214
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$3.11
€2.79
|
$2.81
ISK367
|
|
| Bottle of water (11 fl. oz) |
$2.40
€2.15
|
$2.02
ISK264
|
|
pay 11.4% more for groceries
|
Austria
|
Iceland
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$2.51
€2.25
|
$2.95
ISK386
|
|
| Local cheese (8 oz) |
$8.15
€7.30
|
$7.27
ISK949
|
|
| Milk (1 gallon) |
$5.62
€5.03
|
$6.01
ISK785
|
|
|
Eggs
1 dozen
|
$4.05
€3.62
|
$5.42
ISK708
|
|
| Boneless chicken breast (1 lb) |
$6.06
€5.43
|
$8.51
ISK1,112
|
|
| Apples (1 lb) |
$1.15
€1.03
|
$1.22
ISK160
|
|
| Bananas (1 lb) |
$0.97
€0.87
|
$1.03
ISK134
|
|
| Oranges (1 lb) |
$1.36
€1.22
|
$1.17
ISK153
|
|
| Tomatoes (1 lb) |
$1.88
€1.69
|
$1.87
ISK245
|
|
| Potatoes (1 lb) |
$0.87
€0.78
|
$1.23
ISK161
|
|
| Onions (1 lb) |
$0.80
€0.72
|
$0.78
ISK103
|
|
pay 34.9% more for transportation
|
Austria
|
Iceland
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$6.30
€5.64
|
$8.36
ISK1,093
|
|
| Monthly public transit pass |
$48.89
€43.80
|
$71.28
ISK9,315
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$26,790.93
€24,001.75
|
$40,660.66
ISK5,313,942
|
|
| Taxi trip in downtown area (5 miles) |
$20.20
€18.10
|
$22.04
ISK2,880
|
|
pay 63.5% more for housing
|
Austria
|
Iceland
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$36.05
€32.29
|
$72.17
ISK9,432
|
|
| 1-Bedroom apartment in downtown area |
$834.31
€747.45
|
$1,838.04
ISK240,213
|
|
| 1-Bedroom apartment outside city center |
$704.76
€631.39
|
$1,497.77
ISK195,744
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$275.88
€247.16
|
$58.01
ISK7,582
|
|
pay 49.2% less for childcare
|
Austria
|
Iceland
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$436.40
€390.97
|
$258.16
ISK33,740
|
|
| Middle school for 1 child, two semesters |
$14,173.71
€12,698.10
|
$5,993.99
ISK783,355
|
|
pay 50.6% more for entertainment and sports
|
Austria
|
Iceland
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$4.65
€4.16
|
$9.19
ISK1,201
|
|
| Cappuccino in mid-range area |
$3.63
€3.25
|
$4.65
ISK607
|
|
|
Pack of cigarettes
Marlboro or similar
|
$6.56
€5.87
|
$11.76
ISK1,536
|
|
| Monthly membership at local gym |
$45.89
€41.12
|
$61.46
ISK8,032
|
|
| Movie ticket to theater/cinema |
$12.58
€11.27
|
$14.35
ISK1,875
|
|
pay 47.5% more for clothing
|
Austria
|
Iceland
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$85.11
€76.25
|
$111.23
ISK14,537
|
|
|
Regular dress
from H&M or similar store
|
$43.90
€39.33
|
$59.69
ISK7,801
|
|
|
Running shoes
Nike or Adidas
|
$88.16
€78.98
|
$148.00
ISK19,342
|
|
| Men's business shoes (leather) |
$118.74
€106.38
|
$184.49
ISK24,111
|
|
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