Cost of living comparison

compared to

Iceland vs. Cabo Verde Cost of Living Summary

Iceland is 3.0 times more expensive than Cabo Verde overall.

Restaurants: pay 2.5 times more in Iceland
Groceries: pay 63.7% more in Iceland
Transportation: pay 79.0% more in Iceland
Housing: pay 3.6 times more in Iceland
Childcare: pay 6.4 times more in Iceland
Entertainment and Sports: pay 2.9 times more in Iceland
Clothing: pay 93.8% more in Iceland

The cost of childcare, housing, entertainment and sports, restaurants, clothing, and transportation in Iceland are more expensive than in Cabo Verde. Notably, childcare, housing, and entertainment and sports are significantly more expensive in Iceland.

Iceland vs. Cabo Verde Cost Breakdown

If you lived in Iceland instead of Cabo Verde, you would:

Display currency: USD

pay 2.5 times more for restaurants

	Cabo Verde	Iceland
Basic meal with drink at inexpensive restaurant	$7.62 CVE724.49	$26.52 ISK3,394	+248.0%
Fast food combo meal McDonalds, or similar	$7.18 CVE682.70	$21.32 ISK2,728	+196.9%
Bottle of Coca-Cola (11 fl. oz)	$2.28 CVE217.07	$3.11 ISK398	+36.2%
Bottle of water (11 fl. oz)	$1.19 CVE113.14	$2.72 ISK348	+128.5%
Average			+152.4%

Cabo Verde vs. Iceland - Cost of restaurants

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pay 63.7% more for groceries

	Cabo Verde	Iceland
Bread 1 loaf	$1.85 CVE176.13	$3.80 ISK487	+105.2%
Local cheese (8 oz)	$9.18 CVE872.32	$9.44 ISK1,208	+2.8%
Milk (1 gallon)	$5.62 CVE534.56	$7.78 ISK996	+38.3%
Eggs 1 dozen	$2.65 CVE251.54	$6.71 ISK859	+153.5%
Boneless chicken breast (1 lb)	$3.86 CVE367.35	$11.22 ISK1,436	+190.3%
Apples (1 lb)	$1.60 CVE151.87	$1.50 ISK191	-6.4%
Bananas (1 lb)	$1.17 CVE111.52	$1.15 ISK147	-2.3%
Oranges (1 lb)	$1.48 CVE141.13	$1.41 ISK181	-4.7%
Tomatoes (1 lb)	$2.05 CVE194.46	$2.34 ISK300	+14.4%
Potatoes (1 lb)	$0.60 CVE57.16	$1.65 ISK211	+174.0%
Onions (1 lb)	$0.81 CVE76.81	$1.09 ISK140	+35.3%
Average			+63.7%

Cabo Verde vs. Iceland - Cost of groceries

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pay 79.0% more for transportation

	Cabo Verde	Iceland
Gasoline (1 gallon)	$6.20 CVE589.23	$9.65 ISK1,235	+55.7%
Monthly public transit pass	$30.66 CVE2,915.18	$79.56 ISK10,182	+159.5%
New Volkswagen Golf 1.4 (standard edition)	$30,364.84 CVE2,886,735.02	$49,144.25 ISK6,289,481	+61.8%
Taxi trip in downtown area (5 miles)	$18.41 CVE1,750.16	$25.55 ISK3,270	+38.8%
Average			+79.0%

Cabo Verde vs. Iceland - Cost of transportation

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pay 3.6 times more for housing

	Cabo Verde	Iceland
Internet connection 50 mbps or faster, cable/dsl	$55.12 CVE5,240.24	$95.65 ISK12,241	+73.5%
1-Bedroom apartment in downtown area	$408.47 CVE38,832.51	$2,289.17 ISK292,968	+460.4%
1-Bedroom apartment outside city center	$282.06 CVE26,814.92	$1,830.04 ISK234,209	+548.8%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$107.81 CVE10,249.01	$65.15 ISK8,338	-39.6%
Average			+260.8%

Cabo Verde vs. Iceland - Cost of housing

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pay 6.4 times more for childcare

	Cabo Verde	Iceland
Private preschool for 1 child, monthly	$149.25 CVE14,189.32	$334.67 ISK42,830	+124.2%
Middle school for 1 child, two semesters	$2,897.28 CVE275,439.20	$30,711.08 ISK3,930,404	+960.0%
Average			+542.1%

Cabo Verde vs. Iceland - Cost of childcare

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pay 2.9 times more for entertainment and sports

	Cabo Verde	Iceland
Domestic/local beer (1 pint)	$3.41 CVE324.06	$11.14 ISK1,426	+226.8%
Cappuccino in mid-range area	$1.71 CVE163.00	$5.62 ISK720	+228.1%
Pack of cigarettes Marlboro or similar	$4.97 CVE472.60	$13.90 ISK1,778	+179.5%
Monthly membership at local gym	$33.73 CVE3,206.56	$78.17 ISK10,004	+131.8%
Movie ticket to theater/cinema	$5.86 CVE557.09	$16.75 ISK2,144	+185.9%
Average			+190.4%

Cabo Verde vs. Iceland - Cost of entertainment and sports

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pay 93.8% more for clothing

	Cabo Verde	Iceland
Regular jeans Levi's brand	$60.02 CVE5,706.03	$130.91 ISK16,753	+118.1%
Regular dress from H&M or similar store	$31.96 CVE3,038.67	$61.83 ISK7,913	+93.4%
Running shoes Nike or Adidas	$85.23 CVE8,103.12	$163.81 ISK20,965	+92.2%
Men's business shoes (leather)	$138.47 CVE13,163.67	$237.31 ISK30,371	+71.4%
Average			+93.8%

Cabo Verde 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: December 2025

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