Cost of Living Comparison

EUR

COMPARED TO

ISK

Iceland is 26.9% more expensive than Austria.

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

pay 9.5% more for restaurants

	Austria	Iceland
Basic meal with drink at inexpensive restaurant	$13.49 €11.83	$16.49 kr1,731	+22.3%
Fast food combo meal McDonalds, or similar	$9.27 €8.13	$14.47 kr1,519	+56.0%
Bottle of Coca-Cola (11 fl. oz)	$3.24 €2.84	$2.69 kr282	-17.2%
Bottle of water (11 fl. oz)	$2.53 €2.22	$1.95 kr205	-22.9%
Average			+9.5%

Austria vs. Iceland - Cost of restaurants

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pay 15.0% more for groceries

	Austria	Iceland
Bread 1 loaf	$2.33 €2.04	$3.22 kr338	+38.6%
Local cheese (8 oz)	$7.97 €6.99	$6.33 kr664	-20.6%
Milk (1 gallon)	$5.04 €4.42	$5.38 kr565	+6.9%
Eggs 1 dozen	$3.53 €3.10	$5.97 kr626	+69.0%
Boneless chicken breast (1 lb)	$5.90 €5.17	$7.48 kr785	+26.7%
Apples (1 lb)	$1.24 €1.09	$1.06 kr111	-14.5%
Bananas (1 lb)	$0.92 €0.81	$1.04 kr109	+12.6%
Oranges (1 lb)	$1.32 €1.15	$1.10 kr116	-16.4%
Tomatoes (1 lb)	$1.41 €1.24	$1.96 kr206	+39.2%
Potatoes (1 lb)	$0.73 €0.64	$1.03 kr108	+41.2%
Onions (1 lb)	$0.72 €0.63	$0.60 kr63	-17.4%
Average			+15.0%

Austria vs. Iceland - Cost of groceries

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pay 40.2% more for transportation

	Austria	Iceland
Gasoline (1 gallon)	$5.53 €4.85	$6.83 kr717	+23.5%
Monthly public transit pass	$48.53 €42.56	$104.10 kr10,925	+114.5%
New Volkswagen Golf 1.4 (standard edition)	$27,252.57 €23,897.80	$29,559.70 kr3,102,290	+8.5%
Taxi trip in downtown area (5 miles)	$22.26 €19.52	$25.44 kr2,670	+14.3%
Average			+40.2%

Austria vs. Iceland - Cost of transportation

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pay 44.0% more for housing

	Austria	Iceland
Internet connection 50 mbps or faster, cable/dsl	$39.47 €34.61	$72.22 kr7,579	+83.0%
1-Bedroom apartment in downtown area	$869.91 €762.83	$1,433.87 kr150,485	+64.8%
1-Bedroom apartment outside city center	$660.26 €578.98	$1,196.44 kr125,566	+81.2%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$179.91 €157.76	$84.13 kr8,829	-53.2%
Average			+44.0%

Austria vs. Iceland - Cost of housing

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pay 36.5% less for childcare

	Austria	Iceland
Private preschool for 1 child, monthly	$325.56 €285.49	$308.46 kr32,373	-5.3%
Middle school for 1 child, two semesters	$10,604.81 €9,299.37	$3,430.08 kr359,987	-67.7%
Average			-36.5%

Austria vs. Iceland - Cost of childcare

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pay 48.9% more for entertainment and sports

	Austria	Iceland
Domestic/local beer (1 pint)	$4.59 €4.03	$9.07 kr952	+97.5%
Cappuccino in mid-range area	$3.58 €3.14	$4.60 kr483	+28.6%
Pack of cigarettes Marlboro or similar	$6.60 €5.79	$12.21 kr1,282	+85.1%
Monthly membership at local gym	$46.06 €40.39	$60.00 kr6,297	+30.3%
Movie ticket to theater/cinema	$12.71 €11.15	$13.09 kr1,374	+3.0%
Average			+48.9%

Austria vs. Iceland - Cost of entertainment and sports

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pay 67.5% more for clothing

	Austria	Iceland
Regular jeans Levi's brand	$97.81 €85.77	$126.70 kr13,297	+29.5%
Regular dress from H&M or similar store	$36.39 €31.91	$69.47 kr7,291	+90.9%
Running shoes Nike or Adidas	$89.52 €78.50	$175.47 kr18,416	+96.0%
Men's business shoes (leather)	$122.80 €107.69	$188.88 kr19,823	+53.8%
Average			+67.5%

Austria vs. Iceland - Cost of clothing

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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: June 2021

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