Cost of living comparison

compared to

Iceland vs. Freetown Cost of Living Summary

Iceland is 3.9 times more expensive than Freetown.

Restaurants
pay 4.3 times more in Iceland
Groceries
pay 2.4 times more in Iceland
Transportation
pay 2.8 times more in Iceland
Housing
pay 18.2% more in Iceland
Entertainment and Sports
pay 4.2 times more in Iceland
Clothing
pay 8.4 times more in Iceland

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

Iceland vs. Freetown Cost Breakdown

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

pay 4.3 times more for restaurants

 
Freetown
Iceland
Basic meal with drink at inexpensive restaurant $3.00
SLL62,908
$26.52
ISK3,352
Fast food combo meal
McDonalds, or similar
$10.00
SLL209,695
$21.32
ISK2,694
Bottle of Coca-Cola (11 fl. oz) $1.03
SLL21,591
$3.11
ISK393

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pay 2.4 times more for groceries

 
Freetown
Iceland
Bread
1 loaf
$0.67
SLL13,980
$3.80
ISK481
Local cheese (8 oz) $3.54
SLL74,319
$9.44
ISK1,193
Milk (1 gallon) $9.15
SLL191,910
$7.78
ISK983

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pay 2.8 times more for transportation

 
Freetown
Iceland
Gasoline (1 gallon) $5.02
SLL105,180
$9.65
ISK1,220
Monthly public transit pass ?? $79.56
ISK10,056
New Volkswagen Golf 1.4 (standard edition) $12,000.00
SLL251,634,000
$49,144.25
ISK6,211,833

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pay 18.2% more for housing

 
Freetown
Iceland
Internet connection
50 mbps or faster, cable/dsl
$100.00
SLL2,096,950
$95.65
ISK12,090
1-Bedroom apartment in downtown area $1,321.25
SLL27,705,952
$2,289.17
ISK289,351
1-Bedroom apartment outside city center $1,261.67
SLL26,456,519
$1,830.04
ISK231,318

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pay (unknown) more for childcare

 
Freetown
Iceland
Private preschool for 1 child, monthly ?? $334.67
ISK42,302
Middle school for 1 child, two semesters ?? $30,711.08
ISK3,881,881

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pay 4.2 times more for entertainment and sports

 
Freetown
Iceland
Domestic/local beer (1 pint) $1.50
SLL31,454
$11.14
ISK1,408
Cappuccino in mid-range area $1.74
SLL36,435
$5.62
ISK711
Pack of cigarettes
Marlboro or similar
$3.00
SLL62,908
$13.90
ISK1,756

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pay 8.4 times more for clothing

 
Freetown
Iceland
Regular jeans
Levi's brand
$10.00
SLL209,695
$130.91
ISK16,546
Regular dress
from H&M or similar store
$8.00
SLL167,756
$61.83
ISK7,815
Running shoes
Nike or Adidas
$20.00
SLL419,390
$163.81
ISK20,706

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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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