Cost of living comparison
Iceland is 23.6% more expensive than Belgium overall.
- Restaurants
-
pay 10.4% more in Iceland
- Groceries
-
pay 32.9% more in Iceland
- Transportation
-
pay 27.5% more in Iceland
- Housing
-
pay 55.4% more in Iceland
- Childcare
-
pay 55.0% less in Iceland
- Entertainment and Sports
-
pay 51.9% more in Iceland
- Clothing
-
pay 42.2% more in Iceland
The cost of housing, entertainment and sports, clothing, groceries, transportation, and restaurants in Iceland are more expensive than in Belgium.
If you lived in Iceland instead of Belgium, you would:
pay 10.4% more for restaurants
|
Belgium
|
Iceland
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$19.07
€16.55
|
$19.40
ISK2,407
|
|
|
Fast food combo meal
McDonalds, or similar
|
$10.84
€9.41
|
$16.94
ISK2,102
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.78
€2.41
|
$2.81
ISK349
|
|
| Bottle of water (11 fl. oz) |
$2.46
€2.13
|
$2.02
ISK251
|
|
pay 32.9% more for groceries
|
Belgium
|
Iceland
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$2.28
€1.98
|
$2.95
ISK367
|
|
| Local cheese (8 oz) |
$6.70
€5.81
|
$7.27
ISK902
|
|
| Milk (1 gallon) |
$4.44
€3.85
|
$6.01
ISK745
|
|
|
Eggs
1 dozen
|
$3.43
€2.98
|
$5.42
ISK672
|
|
| Boneless chicken breast (1 lb) |
$4.78
€4.14
|
$8.51
ISK1,056
|
|
| Apples (1 lb) |
$1.11
€0.96
|
$1.22
ISK152
|
|
| Bananas (1 lb) |
$0.89
€0.78
|
$1.03
ISK127
|
|
| Oranges (1 lb) |
$1.07
€0.93
|
$1.17
ISK145
|
|
| Tomatoes (1 lb) |
$1.16
€1.01
|
$1.87
ISK232
|
|
| Potatoes (1 lb) |
$0.83
€0.72
|
$1.23
ISK153
|
|
| Onions (1 lb) |
$0.73
€0.63
|
$0.78
ISK97
|
|
pay 27.5% more for transportation
|
Belgium
|
Iceland
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$6.91
€6.00
|
$8.36
ISK1,038
|
|
| Monthly public transit pass |
$45.41
€39.41
|
$71.28
ISK8,846
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$27,628.35
€23,973.59
|
$40,660.66
ISK5,045,988
|
|
| Taxi trip in downtown area (5 miles) |
$26.01
€22.57
|
$22.04
ISK2,735
|
|
pay 55.4% more for housing
|
Belgium
|
Iceland
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$49.35
€42.82
|
$72.17
ISK8,957
|
|
| 1-Bedroom apartment in downtown area |
$815.11
€707.28
|
$1,838.04
ISK228,101
|
|
| 1-Bedroom apartment outside city center |
$705.09
€611.82
|
$1,497.77
ISK185,873
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$154.10
€133.72
|
$58.01
ISK7,200
|
|
pay 55.0% less for childcare
|
Belgium
|
Iceland
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$557.50
€483.75
|
$258.16
ISK32,038
|
|
| Middle school for 1 child, two semesters |
$13,740.85
€11,923.17
|
$5,993.99
ISK743,855
|
|
pay 51.9% more for entertainment and sports
|
Belgium
|
Iceland
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$4.34
€3.76
|
$9.19
ISK1,140
|
|
| Cappuccino in mid-range area |
$3.51
€3.04
|
$4.65
ISK577
|
|
|
Pack of cigarettes
Marlboro or similar
|
$9.08
€7.88
|
$11.76
ISK1,459
|
|
| Monthly membership at local gym |
$36.02
€31.26
|
$61.46
ISK7,627
|
|
| Movie ticket to theater/cinema |
$12.48
€10.83
|
$14.35
ISK1,781
|
|
pay 42.2% more for clothing
|
Belgium
|
Iceland
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$92.82
€80.54
|
$111.23
ISK13,804
|
|
|
Regular dress
from H&M or similar store
|
$43.31
€37.58
|
$59.69
ISK7,407
|
|
|
Running shoes
Nike or Adidas
|
$90.40
€78.44
|
$148.00
ISK18,367
|
|
| Men's business shoes (leather) |
$125.11
€108.56
|
$184.49
ISK22,896
|
|
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