Cost of living comparison

Czech Republic

compared to

Iceland

Iceland vs. Czech Republic Cost of Living Summary

Iceland is 2.2 times more expensive than Czech Republic overall.

Restaurants: pay 2.7 times more in Iceland
Groceries: pay 2.0 times more in Iceland
Transportation: pay 77.4% more in Iceland
Housing: pay 2.4 times more in Iceland
Childcare: pay 2.6 times more in Iceland
Entertainment and Sports: pay 2.2 times more in Iceland
Clothing: pay 78.8% more in Iceland

The cost of restaurants, childcare, housing, entertainment and sports, groceries, and clothing in Iceland are more expensive than in Czech Republic. Notably, restaurants, childcare, and housing are significantly more expensive in Iceland.

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Iceland vs. Czech Republic Cost Breakdown

If you lived in Iceland instead of Czech Republic, you would:

Display currency: USD

pay 2.7 times more for restaurants

	Czech Republic	Iceland
Basic meal with drink at inexpensive restaurant	$8.97 CZK195.89	$28.88 ISK3,546	+221.9%
Fast food combo meal McDonalds, or similar	$8.74 CZK190.90	$22.83 ISK2,804	+161.2%
Bottle of Coca-Cola (11 fl. oz)	$1.76 CZK38.48	$3.25 ISK399	+84.2%
Bottle of water (11 fl. oz)	$1.50 CZK32.78	$3.01 ISK370	+100.5%
Average			+169.8%

Czech Republic vs. Iceland - Cost of restaurants

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pay 2.0 times more for groceries

	Czech Republic	Iceland
Bread 1 loaf	$1.41 CZK30.86	$3.55 ISK436	+151.4%
Local cheese (8 oz)	$5.96 CZK130.14	$10.11 ISK1,242	+69.7%
Milk (1 gallon)	$4.08 CZK89.05	$7.79 ISK957	+91.0%
Eggs 1 dozen	$3.28 CZK71.53	$6.92 ISK850	+111.3%
Boneless chicken breast (1 lb)	$4.06 CZK88.57	$11.01 ISK1,352	+171.5%
Apples (1 lb)	$0.72 CZK15.80	$1.43 ISK175	+97.0%
Bananas (1 lb)	$0.74 CZK16.22	$1.23 ISK150	+64.9%
Oranges (1 lb)	$0.93 CZK20.31	$1.42 ISK174	+52.3%
Tomatoes (1 lb)	$1.50 CZK32.85	$2.60 ISK320	+73.0%
Potatoes (1 lb)	$0.49 CZK10.62	$1.71 ISK210	+251.5%
Onions (1 lb)	$0.46 CZK10.03	$0.76 ISK93	+64.6%
Average			+102.2%

Czech Republic vs. Iceland - Cost of groceries

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pay 77.4% more for transportation

	Czech Republic	Iceland
Gasoline (1 gallon)	$6.85 CZK149.56	$8.09 ISK993	+18.0%
Monthly public transit pass	$24.32 CZK530.94	$80.58 ISK9,895	+231.4%
New Volkswagen Golf 1.4 (standard edition)	$29,756.53 CZK650K	$48,967.53 ISK6M	+64.6%
Taxi trip in downtown area (5 miles)	$13.51 CZK294.98	$26.24 ISK3,222	+94.2%
Average			+77.4%

Czech Republic vs. Iceland - Cost of transportation

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pay 2.4 times more for housing

	Czech Republic	Iceland
Internet connection 50 mbps or faster, cable/dsl	$18.95 CZK413.77	$98.24 ISK12,063	+418.4%
1-Bedroom apartment in downtown area	$691.41 CZK15,096.67	$2,335.24 ISK287K	+237.7%
1-Bedroom apartment outside city center	$577.26 CZK12,604.17	$1,824.40 ISK224K	+216.0%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$215.39 CZK4,702.89	$72.34 ISK8,882	-66.4%
Average			+137.7%

Czech Republic vs. Iceland - Cost of housing

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pay 2.6 times more for childcare

	Czech Republic	Iceland
Private preschool for 1 child, monthly	$414.07 CZK9,041.04	$833.66 ISK102K	+101.3%
Middle school for 1 child, two semesters	$8,470.92 CZK185K	$27,752.37 ISK3M	+227.6%
Average			+156.8%

Czech Republic vs. Iceland - Cost of childcare

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pay 2.2 times more for entertainment and sports

	Czech Republic	Iceland
Domestic/local beer (1 pint)	$2.34 CZK51.13	$11.37 ISK1,397	+385.7%
Cappuccino in mid-range area	$2.98 CZK65.02	$5.90 ISK724	+98.0%
Pack of cigarettes Marlboro or similar	$7.20 CZK157.24	$13.85 ISK1,701	+92.4%
Monthly membership at local gym	$52.10 CZK1,137.53	$83.64 ISK10,271	+60.5%
Movie ticket to theater/cinema	$10.10 CZK220.47	$17.92 ISK2,200	+77.5%
Average			+118.1%

Czech Republic vs. Iceland - Cost of entertainment and sports

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pay 78.8% more for clothing

	Czech Republic	Iceland
Regular jeans Levi's brand	$76.46 CZK1,669.41	$134.47 ISK16,511	+75.9%
Regular dress from H&M or similar store	$35.88 CZK783.44	$63.25 ISK7,766	+76.3%
Running shoes Nike or Adidas	$93.11 CZK2,033.02	$159.03 ISK19,527	+70.8%
Men's business shoes (leather)	$122.95 CZK2,684.57	$237.19 ISK29,124	+92.9%
Average			+78.8%

Czech Republic 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 November 2026). How we calculate this

Compare further: Czech Republic vs. Iceland

Salary Calculator · Free tool

What salary would you need in Iceland?

Quality of Life Comparison · 15 statistics

Make 2.7 times more money in Iceland

Size Comparison · See true size

Czech Republic is about 1.3 times smaller than Iceland.

Moving from Czech Republic to Iceland · OECD 2023

441 people moved from Czech Republic to Iceland.

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