Cost of living comparison

Colorado, USA

compared to

Iceland

Iceland vs. Colorado Cost of Living Summary

Iceland is 22.0% more expensive than Colorado.

Restaurants: pay 55.8% more in Iceland
Groceries: pay 18.2% more in Iceland
Transportation: pay 56.3% more in Iceland
Housing: pay 0.5% less in Iceland
Childcare: pay 17.5% less in Iceland
Entertainment and Sports: pay 34.2% more in Iceland
Clothing: pay 82.9% more in Iceland

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

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Iceland vs. Colorado Cost Breakdown

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

Display currency: USD

pay 55.8% more for restaurants

	Colorado	Iceland
Basic meal with drink at inexpensive restaurant	$20.04	$28.88 ISK3,499	+44.1%
Fast food combo meal McDonalds, or similar	$11.71	$22.83 ISK2,767	+94.9%
Bottle of Coca-Cola (11 fl. oz)	$2.81	$3.25 ISK393	+15.5%
Bottle of water (11 fl. oz)	$2.21	$3.01 ISK365	+36.1%
Average			+55.8%

Colorado vs. Iceland - Cost of restaurants

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pay 18.2% more for groceries

	Colorado	Iceland
Bread 1 loaf	$3.75	$3.55 ISK431	-5.2%
Local cheese (8 oz)	$6.72	$10.11 ISK1,226	+50.4%
Milk (1 gallon)	$3.89	$7.79 ISK944	+100.1%
Eggs 1 dozen	$4.86	$6.92 ISK839	+42.4%
Boneless chicken breast (1 lb)	$5.11	$11.01 ISK1,334	+115.6%
Apples (1 lb)	$2.28	$1.43 ISK173	-37.4%
Bananas (1 lb)	$0.68	$1.23 ISK148	+79.4%
Oranges (1 lb)	$2.01	$1.42 ISK172	-29.4%
Tomatoes (1 lb)	$2.13	$2.60 ISK315	+22.1%
Potatoes (1 lb)	$1.32	$1.71 ISK207	+29.9%
Onions (1 lb)	$1.33	$0.76 ISK92	-43.1%
Average			+18.2%

Colorado vs. Iceland - Cost of groceries

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pay 56.3% more for transportation

	Colorado	Iceland
Gasoline (1 gallon)	$3.77	$8.09 ISK980	+114.7%
Monthly public transit pass	$76.33	$80.58 ISK9,765	+5.6%
New Volkswagen Golf 1.4 (standard edition)	$33,330.00	$48,967.53 ISK6M	+46.9%
Taxi trip in downtown area (5 miles)	$15.88	$26.24 ISK3,179	+65.2%
Average			+56.3%

Colorado vs. Iceland - Cost of transportation

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pay 0.5% less for housing

	Colorado	Iceland
Internet connection 50 mbps or faster, cable/dsl	$71.45	$98.24 ISK11,905	+37.5%
1-Bedroom apartment in downtown area	$2,019.84	$2,335.24 ISK283K	+15.6%
1-Bedroom apartment outside city center	$1,732.21	$1,824.40 ISK221K	+5.3%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$140.73	$72.34 ISK8,766	-48.6%
Average			-0.5%

Colorado vs. Iceland - Cost of housing

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pay 17.5% less for childcare

	Colorado	Iceland
Private preschool for 1 child, monthly	$1,465.53	$833.66 ISK101K	-43.1%
Middle school for 1 child, two semesters	$23,211.68	$27,752.37 ISK3M	+19.6%
Average			-17.5%

Colorado vs. Iceland - Cost of childcare

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pay 34.2% more for entertainment and sports

	Colorado	Iceland
Domestic/local beer (1 pint)	$6.32	$11.37 ISK1,378	+79.9%
Cappuccino in mid-range area	$5.54	$5.90 ISK715	+6.4%
Pack of cigarettes Marlboro or similar	$10.27	$13.85 ISK1,679	+34.9%
Monthly membership at local gym	$61.29	$83.64 ISK10,136	+36.5%
Movie ticket to theater/cinema	$14.30	$17.92 ISK2,171	+25.3%
Average			+34.2%

Colorado vs. Iceland - Cost of entertainment and sports

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pay 82.9% more for clothing

	Colorado	Iceland
Regular jeans Levi's brand	$60.67	$134.47 ISK16,295	+121.6%
Regular dress from H&M or similar store	$45.03	$63.25 ISK7,664	+40.5%
Running shoes Nike or Adidas	$88.67	$159.03 ISK19,271	+79.3%
Men's business shoes (leather)	$118.22	$237.19 ISK28,742	+100.6%
Average			+82.9%

Colorado vs. Iceland - Cost of clothing

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We average the price of thousands of data points entered by users across the world. Sources: MyLifeElsewhere's cost-of-living dataset (prices updated October 2026). How we calculate this

Compare further: Colorado vs. Iceland

Salary Calculator · Free tool

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Quality of Life Comparison · 2 statistics

Make 31.7% more money in Iceland

Size Comparison · See true size

Colorado is about 2.6 times bigger than Iceland.

Moving from Colorado to Iceland · Cost, visas & climate

Compare cost of living, salary and climate.

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