Cost of living comparison

compared to

Iceland vs. Geneva Cost of Living Summary

Iceland is 15.0% cheaper than Geneva.

Restaurants: pay 25.4% less in Iceland
Groceries: pay 7.5% less in Iceland
Transportation: pay 3.4% less in Iceland
Housing: pay 9.7% less in Iceland
Childcare: pay 49.8% less in Iceland
Entertainment and Sports: pay 2.4% less in Iceland
Clothing: pay 7.1% less in Iceland

Expenses including childcare, restaurants, housing, groceries, clothing, and transportation are lower in Iceland.

Iceland vs. Geneva Cost Breakdown

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

Display currency: USD

pay 25.4% less for restaurants

	Geneva	Iceland
Basic meal with drink at inexpensive restaurant	$37.54 CHF30.18	$26.52 ISK3,394	-29.4%
Fast food combo meal McDonalds, or similar	$18.77 CHF15.09	$21.32 ISK2,728	+13.6%
Bottle of Coca-Cola (11 fl. oz)	$5.40 CHF4.34	$3.11 ISK398	-42.4%
Bottle of water (11 fl. oz)	$4.78 CHF3.85	$2.72 ISK348	-43.2%
Average			-25.4%

Geneva vs. Iceland - Cost of restaurants

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pay 7.5% less for groceries

	Geneva	Iceland
Bread 1 loaf	$3.92 CHF3.15	$3.80 ISK487	-3.1%
Local cheese (8 oz)	$13.59 CHF10.93	$9.44 ISK1,208	-30.6%
Milk (1 gallon)	$8.69 CHF6.98	$7.78 ISK996	-10.5%
Eggs 1 dozen	$7.79 CHF6.26	$6.71 ISK859	-13.9%
Boneless chicken breast (1 lb)	$15.46 CHF12.43	$11.22 ISK1,436	-27.4%
Apples (1 lb)	$1.62 CHF1.30	$1.50 ISK191	-7.8%
Bananas (1 lb)	$1.14 CHF0.92	$1.15 ISK147	+0.2%
Oranges (1 lb)	$1.41 CHF1.13	$1.41 ISK181	+0.5%
Tomatoes (1 lb)	$2.98 CHF2.40	$2.34 ISK300	-21.6%
Potatoes (1 lb)	$1.23 CHF0.99	$1.65 ISK211	+34.2%
Onions (1 lb)	$1.13 CHF0.91	$1.09 ISK140	-3.0%
Average			-7.5%

Geneva vs. Iceland - Cost of groceries

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pay 3.4% less for transportation

	Geneva	Iceland
Gasoline (1 gallon)	$8.61 CHF6.92	$9.65 ISK1,235	+12.1%
Monthly public transit pass	$87.59 CHF70.42	$79.56 ISK10,182	-9.2%
New Volkswagen Golf 1.4 (standard edition)	$41,166.99 CHF33,095.26	$49,144.25 ISK6,289,481	+19.4%
Taxi trip in downtown area (5 miles)	$39.80 CHF32.00	$25.55 ISK3,270	-35.8%
Average			-3.4%

Geneva vs. Iceland - Cost of transportation

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pay 9.7% less for housing

	Geneva	Iceland
Internet connection 50 mbps or faster, cable/dsl	$63.30 CHF50.89	$95.65 ISK12,241	+51.1%
1-Bedroom apartment in downtown area	$2,499.71 CHF2,009.58	$2,289.17 ISK292,968	-8.4%
1-Bedroom apartment outside city center	$2,098.75 CHF1,687.24	$1,830.04 ISK234,209	-12.8%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$208.38 CHF167.52	$65.15 ISK8,338	-68.7%
Average			-9.7%

Geneva vs. Iceland - Cost of housing

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pay 49.8% less for childcare

	Geneva	Iceland
Private preschool for 1 child, monthly	$3,503.57 CHF2,816.62	$334.67 ISK42,830	-90.4%
Middle school for 1 child, two semesters	$33,834.51 CHF27,200.48	$30,711.08 ISK3,930,404	-9.2%
Average			-49.8%

Geneva vs. Iceland - Cost of childcare

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pay 2.4% less for entertainment and sports

	Geneva	Iceland
Domestic/local beer (1 pint)	$10.01 CHF8.05	$11.14 ISK1,426	+11.3%
Cappuccino in mid-range area	$6.02 CHF4.84	$5.62 ISK720	-6.6%
Pack of cigarettes Marlboro or similar	$11.26 CHF9.05	$13.90 ISK1,778	+23.4%
Monthly membership at local gym	$84.08 CHF67.60	$78.17 ISK10,004	-7.0%
Movie ticket to theater/cinema	$25.03 CHF20.12	$16.75 ISK2,144	-33.1%
Average			-2.4%

Geneva vs. Iceland - Cost of entertainment and sports

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pay 7.1% less for clothing

	Geneva	Iceland
Regular jeans Levi's brand	$141.88 CHF114.06	$130.91 ISK16,753	-7.7%
Regular dress from H&M or similar store	$81.50 CHF65.52	$61.83 ISK7,913	-24.1%
Running shoes Nike or Adidas	$170.05 CHF136.71	$163.81 ISK20,965	-3.7%
Men's business shoes (leather)	$221.63 CHF178.18	$237.31 ISK30,371	+7.1%
Average			-7.1%

Geneva 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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