Cost of living comparison
compared to
Iceland vs. Finland Cost of Living Summary
Iceland is 76.2% more expensive than Finland overall.
Iceland vs. Finland Cost Breakdown
If you lived in Iceland instead of Finland, you would:
pay 71.9% more for restaurants
|
Finland
|
Iceland
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$15.96
€14.20
|
$28.88
ISK3,499
|
|
|
Fast food combo meal
McDonalds, or similar
|
$11.89
€10.58
|
$22.83
ISK2,767
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.80
€2.49
|
$3.25
ISK393
|
|
| Bottle of water (11 fl. oz) |
$2.19
€1.95
|
$3.01
ISK365
|
|
Finland vs. Iceland - Cost of restaurants
pay 63.7% more for groceries
|
Finland
|
Iceland
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$2.55
€2.27
|
$3.55
ISK431
|
|
| Local cheese (8 oz) |
$4.18
€3.72
|
$10.11
ISK1,226
|
|
| Milk (1 gallon) |
$4.89
€4.36
|
$7.79
ISK944
|
|
|
Eggs
1 dozen
|
$3.23
€2.88
|
$6.92
ISK839
|
|
| Boneless chicken breast (1 lb) |
$5.94
€5.28
|
$11.01
ISK1,334
|
|
| Apples (1 lb) |
$1.07
€0.95
|
$1.43
ISK173
|
|
| Bananas (1 lb) |
$0.92
€0.82
|
$1.23
ISK148
|
|
| Oranges (1 lb) |
$1.06
€0.95
|
$1.42
ISK172
|
|
| Tomatoes (1 lb) |
$1.75
€1.56
|
$2.60
ISK315
|
|
| Potatoes (1 lb) |
$0.56
€0.50
|
$1.71
ISK207
|
|
| Onions (1 lb) |
$0.77
€0.69
|
$0.76
ISK92
|
|
Finland vs. Iceland - Cost of groceries
pay 16.7% more for transportation
|
Finland
|
Iceland
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$8.37
€7.45
|
$8.09
ISK980
|
|
| Monthly public transit pass |
$69.28
€61.66
|
$80.58
ISK9,765
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$35,392.23
€31,500.36
|
$48,967.53
ISK6M
|
|
| Taxi trip in downtown area (5 miles) |
$19.22
€17.11
|
$26.24
ISK3,179
|
|
Finland vs. Iceland - Cost of transportation
pay 2.3 times more for housing
|
Finland
|
Iceland
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$23.47
€20.89
|
$98.24
ISK11,905
|
|
| 1-Bedroom apartment in downtown area |
$812.17
€722.86
|
$2,335.24
ISK283K
|
|
| 1-Bedroom apartment outside city center |
$648.17
€576.89
|
$1,824.40
ISK221K
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$112.50
€100.13
|
$72.34
ISK8,766
|
|
Finland vs. Iceland - Cost of housing
pay 2.2 times more for childcare
|
Finland
|
Iceland
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$343.69
€305.90
|
$833.66
ISK101K
|
|
| Middle school for 1 child, two semesters |
$13,310.70
€11,847.00
|
$27,752.37
ISK3M
|
|
Finland vs. Iceland - Cost of childcare
pay 34.4% more for entertainment and sports
|
Finland
|
Iceland
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$8.12
€7.23
|
$11.37
ISK1,378
|
|
| Cappuccino in mid-range area |
$4.71
€4.19
|
$5.90
ISK715
|
|
|
Pack of cigarettes
Marlboro or similar
|
$12.52
€11.14
|
$13.85
ISK1,679
|
|
| Monthly membership at local gym |
$43.65
€38.85
|
$83.64
ISK10,136
|
|
| Movie ticket to theater/cinema |
$17.16
€15.27
|
$17.92
ISK2,171
|
|
Finland vs. Iceland - Cost of entertainment and sports
pay 56.9% more for clothing
|
Finland
|
Iceland
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$91.56
€81.49
|
$134.47
ISK16,295
|
|
|
Regular dress
from H&M or similar store
|
$40.36
€35.92
|
$63.25
ISK7,664
|
|
|
Running shoes
Nike or Adidas
|
$97.65
€86.91
|
$159.03
ISK19,271
|
|
| Men's business shoes (leather) |
$146.74
€130.61
|
$237.19
ISK28,742
|
|
Finland vs. Iceland - Cost of clothing
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
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Compare further: Finland vs. Iceland
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Quality of Life Comparison · 16 statistics
Make 75.1% more money in Iceland
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Size Comparison · See true size
Finland is about 3.3 times bigger than Iceland.
→
Moving from Finland to Iceland · OECD 2023
47 people moved from Finland to Iceland.
→
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