Iceland vs. British Virgin Islands Cost of Living Summary

Iceland is 18.3% more expensive than British Virgin Islands overall.

Restaurants
pay 21.2% more in Iceland
Groceries
pay 19.0% less in Iceland
Transportation
pay 80.3% more in Iceland
Housing
pay 8.6% less in Iceland
Childcare
pay 36.5% less in Iceland
Entertainment and Sports
pay 44.6% more in Iceland
Clothing
pay 46.4% more in Iceland

The cost of transportation, clothing, entertainment and sports, and restaurants in Iceland are more expensive than in British Virgin Islands. Expenses including childcare, groceries, and housing are lower in Iceland. Notably, transportation is significantly more expensive in Iceland.

Iceland vs. British Virgin Islands Cost Breakdown

If you lived in Iceland instead of British Virgin Islands, you would:

pay 21.2% more for restaurants

 
British Virgin Islands
Iceland
Basic meal with drink at inexpensive restaurant $24.49
 
$19.40
ISK2,534
Fast food combo meal
McDonalds, or similar
$13.25
 
$16.94
ISK2,213
Bottle of Coca-Cola (11 fl. oz) $1.97
 
$2.81
ISK367

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pay 19.0% less for groceries

 
British Virgin Islands
Iceland
Bread
1 loaf
$4.96
 
$2.95
ISK386
Local cheese (8 oz) $7.75
 
$7.27
ISK949
Milk (1 gallon) $9.43
 
$6.01
ISK784

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pay 80.3% more for transportation

 
British Virgin Islands
Iceland
Gasoline (1 gallon) $4.64
 
$8.36
ISK1,092
Monthly public transit pass ?? $71.28
ISK9,310
New Volkswagen Golf 1.4 (standard edition) ?? $40,660.66
ISK5,310,689

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pay 8.6% less for housing

 
British Virgin Islands
Iceland
Internet connection
50 mbps or faster, cable/dsl
$120.00
 
$72.17
ISK9,427
1-Bedroom apartment in downtown area $1,458.33
 
$1,838.04
ISK240,066
1-Bedroom apartment outside city center $1,183.33
 
$1,497.77
ISK195,624

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pay 36.5% less for childcare

 
British Virgin Islands
Iceland
Private preschool for 1 child, monthly $375.00
 
$258.16
ISK33,719
Middle school for 1 child, two semesters $10,320.00
 
$5,993.99
ISK782,876

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pay 44.6% more for entertainment and sports

 
British Virgin Islands
Iceland
Domestic/local beer (1 pint) $3.75
 
$9.19
ISK1,200
Cappuccino in mid-range area $6.04
 
$4.65
ISK607
Pack of cigarettes
Marlboro or similar
$5.00
 
$11.76
ISK1,535

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pay 46.4% more for clothing

 
British Virgin Islands
Iceland
Regular jeans
Levi's brand
$47.50
 
$111.23
ISK14,528
Regular dress
from H&M or similar store
$55.00
 
$59.69
ISK7,796
Running shoes
Nike or Adidas
$155.00
 
$148.00
ISK19,330

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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: May 2025
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