Cost of Living Comparison

  1. Cost of Living
  2. Germany
  3. Iceland
  4. Comparison
EUR
COMPARED TO
ISK

Iceland is 16.8% more expensive than Germany.

If you lived in Iceland instead of Germany, you would:
local_dining

pay 6.8% more for restaurants

  Germany help_outline Iceland help_outline  
Basic meal with drink at inexpensive restaurant $12.21
€10.71
$15.54
kr1,631
+27.2%
Fast food combo meal
McDonalds, or similar
 $9.19
€8.06
$12.54
kr1,316
+36.4%
Bottle of Coca-Cola (11 fl. oz) $2.64
€2.31
$2.37
kr249
-10.0%
Bottle of water (11 fl. oz) $2.29
€2.01
$1.68
kr177
-26.4%
Average +6.8%
Germany vs. Iceland - Cost of restaurants
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local_grocery_store

pay 33.4% more for groceries

  Germany help_outline Iceland help_outline  
Bread
1 loaf
 $1.56
€1.37
$3.04
kr319
+94.3%
Local cheese (8 oz) $4.64
€4.07
$5.12
kr538
+10.4%
Milk (1 gallon) $3.57
€3.13
$4.59
kr482
+28.6%
Eggs
1 dozen
 $2.51
€2.20
$5.23
kr549
+108.7%
Boneless chicken breast (1 lb) $3.72
€3.26
$6.56
kr689
+76.4%
Apples (1 lb) $1.18
€1.04
$0.98
kr103
-17.0%
Bananas (1 lb) $0.85
€0.75
$0.83
kr88
-2.3%
Oranges (1 lb) $0.99
€0.87
$1.02
kr107
+2.8%
Tomatoes (1 lb) $1.24
€1.09
$1.68
kr176
+34.7%
Potatoes (1 lb) $0.65
€0.57
$0.96
kr100
+47.6%
Onions (1 lb) $0.67
€0.59
$0.55
kr58
-17.3%
Average +33.4%
Germany vs. Iceland - Cost of groceries
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drive_eta

pay 1.9% more for transportation

  Germany help_outline Iceland help_outline  
Gasoline (1 gallon) $6.30
€5.53
$5.96
kr626
-5.4%
Monthly public transit pass $78.83
€69.13
$90.41
kr9,489
+14.7%
New Volkswagen Golf 1.4 (standard edition) $25,426.33
€22,296.37
$26,163.21
kr2,745,829
+2.9%
Taxi trip in downtown area (5 miles) $23.42
€20.53
$22.36
kr2,347
-4.5%
Average +1.9%
Germany vs. Iceland - Cost of transportation
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home

pay 42.9% more for housing

  Germany help_outline Iceland help_outline  
Internet connection
50 mbps or faster, cable/dsl
 $37.52
€32.91
$63.30
kr6,644
+68.7%
1-Bedroom apartment in downtown area $734.30
€643.91
$1,285.14
kr134,875
+75.0%
1-Bedroom apartment outside city center $553.91
€485.72
$1,064.16
kr111,684
+92.1%
Utilities for two (700 sq ft apartment)
including electric, gas, water, heating
 $194.90
€170.91
$69.69
kr7,314
-64.2%
Average +42.9%
Germany vs. Iceland - Cost of housing
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child_care

pay 49.2% less for childcare

  Germany help_outline Iceland help_outline  
Private preschool for 1 child, monthly $344.14
€301.78
$279.46
kr29,329
-18.8%
Middle school for 1 child, two semesters $14,791.33
€12,970.53
$3,014.93
kr316,417
-79.6%
Average -49.2%
Germany vs. Iceland - Cost of childcare
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gamepad

pay 38.8% more for entertainment and sports

  Germany help_outline Iceland help_outline  
Domestic/local beer (1 pint) $4.05
€3.55
$7.97
kr837
+96.8%
Cappuccino in mid-range area $3.19
€2.79
$4.17
kr438
+30.9%
Pack of cigarettes
Marlboro or similar
 $7.74
€6.78
$10.58
kr1,110
+36.7%
Monthly membership at local gym $35.60
€31.21
$50.68
kr5,319
+42.4%
Movie ticket to theater/cinema $12.70
€11.14
$11.05
kr1,159
-13.0%
Average +38.8%
Germany vs. Iceland - Cost of entertainment and sports
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store

pay 43.0% more for clothing

  Germany help_outline Iceland help_outline  
Regular jeans
Levi's brand
 $84.50
€74.10
$104.95
kr11,015
+24.2%
Regular dress
from H&M or similar store
 $41.41
€36.31
$60.45
kr6,345
+46.0%
Running shoes
Nike or Adidas
 $94.35
€82.74
$154.03
kr16,166
+63.3%
Men's business shoes (leather) $116.93
€102.54
$161.72
kr16,973
+38.3%
Average +43.0%
Germany 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: October 2020
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