Cost of living comparison
Iceland is 23.2% more expensive than Germany.
If you lived in Iceland instead of Germany, you would:
pay 19.6% more for restaurants
Germany
|
Iceland
|
||
---|---|---|---|
Basic meal with drink at inexpensive restaurant |
$13.72
€12.79
|
$19.51
ISK2,708
|
|
Fast food combo meal
McDonalds, or similar
|
$10.18
€9.50
|
$16.45
ISK2,283
|
|
Bottle of Coca-Cola (11 fl. oz) |
$2.83
€2.64
|
$2.70
ISK375
|
|
Bottle of water (11 fl. oz) |
$2.48
€2.31
|
$1.95
ISK271
|
|
pay 27.3% more for groceries
Germany
|
Iceland
|
||
---|---|---|---|
Bread
1 loaf
|
$2.11
€1.97
|
$3.16
ISK438
|
|
Local cheese (8 oz) |
$6.75
€6.30
|
$6.72
ISK932
|
|
Milk (1 gallon) |
$4.24
€3.96
|
$6.27
ISK870
|
|
Eggs
1 dozen
|
$3.55
€3.31
|
$6.03
ISK837
|
|
Boneless chicken breast (1 lb) |
$7.19
€6.71
|
$7.60
ISK1,055
|
|
Apples (1 lb) |
$1.26
€1.18
|
$1.13
ISK156
|
|
Bananas (1 lb) |
$0.65
€0.61
|
$1.01
ISK140
|
|
Oranges (1 lb) |
$1.00
€0.93
|
$1.15
ISK160
|
|
Tomatoes (1 lb) |
$1.39
€1.30
|
$1.71
ISK238
|
|
Potatoes (1 lb) |
$0.72
€0.67
|
$1.13
ISK157
|
|
Onions (1 lb) |
$0.77
€0.72
|
$0.68
ISK95
|
|
pay 19.5% more for transportation
Germany
|
Iceland
|
||
---|---|---|---|
Gasoline (1 gallon) |
$7.16
€6.68
|
$8.42
ISK1,169
|
|
Monthly public transit pass |
$54.61
€50.94
|
$68.29
ISK9,478
|
|
New Volkswagen Golf 1.4 (standard edition) |
$29,249.82
€27,284.84
|
$39,714.69
ISK5,511,605
|
|
Taxi trip in downtown area (5 miles) |
$23.30
€21.73
|
$23.23
ISK3,224
|
|
pay 46.3% more for housing
Germany
|
Iceland
|
||
---|---|---|---|
Internet connection
50 mbps or faster, cable/dsl
|
$49.15
€45.85
|
$74.47
ISK10,335
|
|
1-Bedroom apartment in downtown area |
$800.45
€746.68
|
$1,518.94
ISK210,798
|
|
1-Bedroom apartment outside city center |
$616.33
€574.92
|
$1,325.48
ISK183,950
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$232.30
€216.70
|
$66.99
ISK9,297
|
|
pay 46.7% less for childcare
Germany
|
Iceland
|
||
---|---|---|---|
Private preschool for 1 child, monthly |
$434.24
€405.06
|
$254.97
ISK35,384
|
|
Middle school for 1 child, two semesters |
$12,512.98
€11,672.37
|
$5,993.83
ISK831,823
|
|
pay 51.6% more for entertainment and sports
Germany
|
Iceland
|
||
---|---|---|---|
Domestic/local beer (1 pint) |
$4.33
€4.04
|
$9.37
ISK1,301
|
|
Cappuccino in mid-range area |
$3.44
€3.21
|
$4.61
ISK640
|
|
Pack of cigarettes
Marlboro or similar
|
$8.81
€8.22
|
$11.22
ISK1,557
|
|
Monthly membership at local gym |
$35.42
€33.04
|
$60.00
ISK8,327
|
|
Movie ticket to theater/cinema |
$12.56
€11.72
|
$13.94
ISK1,935
|
|
pay 44.6% more for clothing
Germany
|
Iceland
|
||
---|---|---|---|
Regular jeans
Levi's brand
|
$83.65
€78.03
|
$108.23
ISK15,020
|
|
Regular dress
from H&M or similar store
|
$41.29
€38.52
|
$59.73
ISK8,290
|
|
Running shoes
Nike or Adidas
|
$89.84
€83.80
|
$146.94
ISK20,392
|
|
Men's business shoes (leather) |
$120.25
€112.17
|
$169.24
ISK23,487
|
|
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