Cost of living comparison
Iceland is 23.9% more expensive than Germany.
If you lived in Iceland instead of Germany, you would:
pay 16.8% more for restaurants
|
Germany
|
Iceland
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$12.84
€11.99
|
$17.84
kr2,513
|
|
|
Fast food combo meal
McDonalds, or similar
|
$9.44
€8.81
|
$14.27
kr2,010
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.65
€2.47
|
$2.32
kr327
|
|
| Bottle of water (11 fl. oz) |
$2.37
€2.21
|
$2.12
kr299
|
|
pay 47.8% more for groceries
|
Germany
|
Iceland
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$2.00
€1.86
|
$3.42
kr482
|
|
| Local cheese (8 oz) |
$6.74
€6.30
|
$5.98
kr843
|
|
| Milk (1 gallon) |
$4.22
€3.94
|
$5.33
kr750
|
|
|
Eggs
1 dozen
|
$2.93
€2.74
|
$5.66
kr797
|
|
| Boneless chicken breast (1 lb) |
$3.90
€3.64
|
$7.09
kr999
|
|
| Apples (1 lb) |
$1.21
€1.13
|
$1.16
kr164
|
|
| Bananas (1 lb) |
$0.80
€0.74
|
$0.98
kr138
|
|
| Oranges (1 lb) |
$1.02
€0.96
|
$1.17
kr165
|
|
| Tomatoes (1 lb) |
$0.61
€0.57
|
$1.84
kr259
|
|
| Potatoes (1 lb) |
$0.73
€0.68
|
$0.96
kr135
|
|
| Onions (1 lb) |
$0.52
€0.49
|
$0.51
kr72
|
|
pay 5.4% more for transportation
|
Germany
|
Iceland
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$8.31
€7.76
|
$8.03
kr1,132
|
|
| Monthly public transit pass |
$73.47
€68.58
|
$77.40
kr10,905
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$27,050.12
€25,248.58
|
$29,836.83
kr4,204,009
|
|
| Taxi trip in downtown area (5 miles) |
$21.90
€20.45
|
$23.97
kr3,377
|
|
pay 49.5% more for housing
|
Germany
|
Iceland
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$37.93
€35.41
|
$62.40
kr8,793
|
|
| 1-Bedroom apartment in downtown area |
$759.74
€709.14
|
$1,437.14
kr202,493
|
|
| 1-Bedroom apartment outside city center |
$577.93
€539.44
|
$1,215.63
kr171,282
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$202.18
€188.71
|
$68.63
kr9,670
|
|
pay 48.7% less for childcare
|
Germany
|
Iceland
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$325.78
€304.08
|
$259.34
kr36,542
|
|
| Middle school for 1 child, two semesters |
$11,890.74
€11,098.82
|
$2,750.10
kr387,489
|
|
pay 47.0% more for entertainment and sports
|
Germany
|
Iceland
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$4.05
€3.78
|
$8.52
kr1,201
|
|
| Cappuccino in mid-range area |
$3.27
€3.05
|
$4.15
kr585
|
|
|
Pack of cigarettes
Marlboro or similar
|
$8.03
€7.49
|
$10.64
kr1,498
|
|
| Monthly membership at local gym |
$34.77
€32.46
|
$56.90
kr8,018
|
|
| Movie ticket to theater/cinema |
$12.08
€11.27
|
$12.27
kr1,729
|
|
pay 49.7% more for clothing
|
Germany
|
Iceland
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$80.79
€75.41
|
$118.08
kr16,637
|
|
|
Regular dress
from H&M or similar store
|
$39.60
€36.97
|
$50.39
kr7,100
|
|
|
Running shoes
Nike or Adidas
|
$88.39
€82.51
|
$151.12
kr21,292
|
|
| Men's business shoes (leather) |
$113.48
€105.92
|
$175.20
kr24,685
|
|
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