Cost of living comparison
Iceland is 33.2% more expensive than Germany.
If you lived in Iceland instead of Germany, you would:
pay 14.9% more for restaurants
|
Germany
|
Iceland
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$11.21
€11.00
|
$15.00
kr2,051
|
|
|
Fast food combo meal
McDonalds, or similar
|
$8.50
€8.35
|
$12.33
kr1,686
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.44
€2.39
|
$2.20
kr301
|
|
| Bottle of water (11 fl. oz) |
$2.21
€2.17
|
$2.00
kr274
|
|
pay 69.7% more for groceries
|
Germany
|
Iceland
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$1.83
€1.80
|
$3.14
kr430
|
|
| Local cheese (8 oz) |
$5.97
€5.86
|
$5.86
kr801
|
|
| Milk (1 gallon) |
$3.56
€3.50
|
$5.16
kr706
|
|
|
Eggs
1 dozen
|
$2.46
€2.42
|
$5.51
kr754
|
|
| Boneless chicken breast (1 lb) |
$3.30
€3.24
|
$7.10
kr971
|
|
| Apples (1 lb) |
$1.12
€1.10
|
$1.19
kr163
|
|
| Bananas (1 lb) |
$0.75
€0.74
|
$1.08
kr148
|
|
| Oranges (1 lb) |
$0.97
€0.95
|
$1.13
kr155
|
|
| Tomatoes (1 lb) |
$0.48
€0.47
|
$1.70
kr233
|
|
| Potatoes (1 lb) |
$0.73
€0.71
|
$1.01
kr139
|
|
| Onions (1 lb) |
$0.45
€0.44
|
$0.66
kr91
|
|
pay 5.7% more for transportation
|
Germany
|
Iceland
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$8.64
€8.48
|
$7.21
kr986
|
|
| Monthly public transit pass |
$69.44
€68.17
|
$85.09
kr11,636
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$24,945.52
€24,488.19
|
$27,857.83
kr3,809,558
|
|
| Taxi trip in downtown area (5 miles) |
$20.35
€19.98
|
$21.37
kr2,922
|
|
pay 56.1% more for housing
|
Germany
|
Iceland
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$34.76
€34.13
|
$66.89
kr9,148
|
|
| 1-Bedroom apartment in downtown area |
$719.63
€706.44
|
$1,349.42
kr184,533
|
|
| 1-Bedroom apartment outside city center |
$553.10
€542.96
|
$1,143.63
kr156,391
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$188.33
€184.88
|
$70.86
kr9,690
|
|
pay 43.1% less for childcare
|
Germany
|
Iceland
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$311.61
€305.90
|
$277.52
kr37,951
|
|
| Middle school for 1 child, two semesters |
$11,436.42
€11,226.76
|
$2,822.44
kr385,968
|
|
pay 61.6% more for entertainment and sports
|
Germany
|
Iceland
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$3.77
€3.70
|
$7.85
kr1,074
|
|
| Cappuccino in mid-range area |
$2.98
€2.92
|
$4.10
kr561
|
|
|
Pack of cigarettes
Marlboro or similar
|
$7.17
€7.04
|
$11.37
kr1,555
|
|
| Monthly membership at local gym |
$31.39
€30.82
|
$63.31
kr8,658
|
|
| Movie ticket to theater/cinema |
$11.49
€11.28
|
$11.69
kr1,599
|
|
pay 67.3% more for clothing
|
Germany
|
Iceland
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$76.52
€75.12
|
$117.41
kr16,056
|
|
|
Regular dress
from H&M or similar store
|
$37.26
€36.58
|
$55.13
kr7,539
|
|
|
Running shoes
Nike or Adidas
|
$83.11
€81.59
|
$156.49
kr21,401
|
|
| Men's business shoes (leather) |
$106.62
€104.67
|
$191.54
kr26,193
|
|
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