Cost of living comparison
compared to
Iceland vs. Georgia Cost of Living Summary
Iceland is 40.7% more expensive than Georgia.
Iceland vs. Georgia Cost Breakdown
If you lived in Iceland instead of Georgia, you would:
pay 71.4% more for restaurants
|
Georgia
|
Iceland
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$19.01
|
$28.88
ISK3,499
|
|
|
Fast food combo meal
McDonalds, or similar
|
$10.08
|
$22.83
ISK2,767
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.60
|
$3.25
ISK393
|
|
| Bottle of water (11 fl. oz) |
$1.97
|
$3.01
ISK365
|
|
Georgia vs. Iceland - Cost of restaurants
pay 30.3% more for groceries
|
Georgia
|
Iceland
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$3.07
|
$3.55
ISK431
|
|
| Local cheese (8 oz) |
$5.34
|
$10.11
ISK1,226
|
|
| Milk (1 gallon) |
$3.35
|
$7.79
ISK944
|
|
|
Eggs
1 dozen
|
$3.57
|
$6.92
ISK839
|
|
| Boneless chicken breast (1 lb) |
$4.45
|
$11.01
ISK1,334
|
|
| Apples (1 lb) |
$2.26
|
$1.43
ISK173
|
|
| Bananas (1 lb) |
$0.70
|
$1.23
ISK148
|
|
| Oranges (1 lb) |
$1.91
|
$1.42
ISK172
|
|
| Tomatoes (1 lb) |
$1.95
|
$2.60
ISK315
|
|
| Potatoes (1 lb) |
$1.31
|
$1.71
ISK207
|
|
| Onions (1 lb) |
$1.43
|
$0.76
ISK92
|
|
Georgia vs. Iceland - Cost of groceries
pay 66.6% more for transportation
|
Georgia
|
Iceland
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$3.41
|
$8.09
ISK980
|
|
| Monthly public transit pass |
$63.04
|
$80.58
ISK9,765
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$32,879.21
|
$48,967.53
ISK6M
|
|
| Taxi trip in downtown area (5 miles) |
$20.10
|
$26.24
ISK3,179
|
|
Georgia vs. Iceland - Cost of transportation
pay 22.6% more for housing
|
Georgia
|
Iceland
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$77.58
|
$98.24
ISK11,905
|
|
| 1-Bedroom apartment in downtown area |
$1,564.69
|
$2,335.24
ISK283K
|
|
| 1-Bedroom apartment outside city center |
$1,280.50
|
$1,824.40
ISK221K
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$150.05
|
$72.34
ISK8,766
|
|
Georgia vs. Iceland - Cost of housing
pay 6.2% more for childcare
|
Georgia
|
Iceland
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$1,139.28
|
$833.66
ISK101K
|
|
| Middle school for 1 child, two semesters |
$17,991.27
|
$27,752.37
ISK3M
|
|
Georgia vs. Iceland - Cost of childcare
pay 50.9% more for entertainment and sports
|
Georgia
|
Iceland
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$5.97
|
$11.37
ISK1,378
|
|
| Cappuccino in mid-range area |
$5.21
|
$5.90
ISK715
|
|
|
Pack of cigarettes
Marlboro or similar
|
$8.36
|
$13.85
ISK1,679
|
|
| Monthly membership at local gym |
$46.25
|
$83.64
ISK10,136
|
|
| Movie ticket to theater/cinema |
$14.16
|
$17.92
ISK2,171
|
|
Georgia vs. Iceland - Cost of entertainment and sports
pay 2.1 times more for clothing
|
Georgia
|
Iceland
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$51.62
|
$134.47
ISK16,295
|
|
|
Regular dress
from H&M or similar store
|
$38.51
|
$63.25
ISK7,664
|
|
|
Running shoes
Nike or Adidas
|
$87.77
|
$159.03
ISK19,271
|
|
| Men's business shoes (leather) |
$102.39
|
$237.19
ISK28,742
|
|
Georgia 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
Change currency:
Compare further: Georgia vs. Iceland
Salary Calculator · Free tool
What salary would you need in Iceland?
→
Quality of Life Comparison · 2 statistics
Make 59.3% more money in Iceland
→
Size Comparison · See true size
Georgia is about 1.5 times bigger than Iceland.
→
Moving from Georgia to Iceland · Cost, visas & climate
Compare cost of living, salary and climate.
→
Compare countries by overall cost of living
See the
cost of living in United States vs. Iceland.
This provides a comparison of the average cost of living from cities within United States and Iceland.
Help us improve these prices
MyLifeElsewhere is a collaborative project. Please enter price information for your location to help assist us in making these comparisons more accurate.
Learn more
Ask the Elsewhere Community
Join the Elsewhere community and ask a question about Iceland or Georgia. It's a free, question-and-answer based forum to discuss what life is like in countries and cities around the world.