Cost of living comparison
compared to
Iceland vs. Gibraltar Cost of Living Summary
Iceland is 28.2% more expensive than Gibraltar overall.
- Restaurants
-
pay 53.5% more in Iceland
- Groceries
-
pay 35.7% more in Iceland
- Transportation
-
pay 19.9% more in Iceland
- Housing
-
pay 3.9% more in Iceland
- Childcare
-
pay 57.0% less in Iceland
- Entertainment and Sports
-
pay 77.0% more in Iceland
- Clothing
-
pay 64.7% more in Iceland
The cost of entertainment and sports, clothing, restaurants, groceries, transportation, and housing in Iceland are more expensive than in Gibraltar. Notably, entertainment and sports is significantly more expensive in Iceland.
Iceland vs. Gibraltar Cost Breakdown
If you lived in Iceland instead of Gibraltar, you would:
pay 53.5% more for restaurants
|
Gibraltar
|
Iceland
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$20.03
GIP14.71
|
$26.52
ISK3,254
|
|
|
Fast food combo meal
McDonalds, or similar
|
$14.36
GIP10.54
|
$21.32
ISK2,616
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$1.66
GIP1.22
|
$3.11
ISK382
|
|
| Bottle of water (11 fl. oz) |
$1.87
GIP1.37
|
$2.72
ISK334
|
|
Gibraltar vs. Iceland - Cost of restaurants
pay 35.7% more for groceries
|
Gibraltar
|
Iceland
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$1.97
GIP1.45
|
$3.80
ISK467
|
|
| Local cheese (8 oz) |
$5.27
GIP3.87
|
$9.44
ISK1,158
|
|
| Milk (1 gallon) |
$7.33
GIP5.38
|
$7.78
ISK955
|
|
|
Eggs
1 dozen
|
$5.06
GIP3.72
|
$6.71
ISK823
|
|
| Boneless chicken breast (1 lb) |
$3.98
GIP2.92
|
$11.22
ISK1,377
|
|
| Apples (1 lb) |
$1.76
GIP1.29
|
$1.50
ISK184
|
|
| Bananas (1 lb) |
$1.64
GIP1.20
|
$1.15
ISK141
|
|
| Oranges (1 lb) |
$1.97
GIP1.45
|
$1.41
ISK174
|
|
| Tomatoes (1 lb) |
$1.70
GIP1.25
|
$2.34
ISK287
|
|
| Potatoes (1 lb) |
$1.26
GIP0.92
|
$1.65
ISK202
|
|
| Onions (1 lb) |
$1.05
GIP0.77
|
$1.09
ISK134
|
|
Gibraltar vs. Iceland - Cost of groceries
pay 19.9% more for transportation
|
Gibraltar
|
Iceland
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$5.78
GIP4.24
|
$9.65
ISK1,185
|
|
| Monthly public transit pass | ?? |
$79.56
ISK9,763
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$44,903.92
GIP32,980.00
|
$49,144.25
ISK6M
|
|
| Taxi trip in downtown area (5 miles) |
$30.71
GIP22.56
|
$25.55
ISK3,136
|
|
Gibraltar vs. Iceland - Cost of transportation
pay 3.9% more for housing
|
Gibraltar
|
Iceland
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$70.78
GIP51.98
|
$95.65
ISK11,737
|
|
| 1-Bedroom apartment in downtown area |
$2,025.41
GIP1,487.57
|
$2,289.17
ISK281K
|
|
| 1-Bedroom apartment outside city center |
$1,709.35
GIP1,255.45
|
$1,830.04
ISK225K
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$107.69
GIP79.09
|
$65.15
ISK7,994
|
|
Gibraltar vs. Iceland - Cost of housing
pay 57.0% less for childcare
|
Gibraltar
|
Iceland
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$779.00
GIP572.15
|
$334.67
ISK41,067
|
|
| Middle school for 1 child, two semesters | ?? |
$30,711.08
ISK4M
|
|
Gibraltar vs. Iceland - Cost of childcare
pay 77.0% more for entertainment and sports
|
Gibraltar
|
Iceland
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$5.34
GIP3.92
|
$11.14
ISK1,367
|
|
| Cappuccino in mid-range area |
$3.51
GIP2.57
|
$5.62
ISK690
|
|
|
Pack of cigarettes
Marlboro or similar
|
$4.74
GIP3.48
|
$13.90
ISK1,705
|
|
| Monthly membership at local gym |
$80.13
GIP58.85
|
$78.17
ISK9,593
|
|
| Movie ticket to theater/cinema |
$13.35
GIP9.81
|
$16.75
ISK2,056
|
|
Gibraltar vs. Iceland - Cost of entertainment and sports
pay 64.7% more for clothing
|
Gibraltar
|
Iceland
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$132.99
GIP97.67
|
$130.91
ISK16,063
|
|
|
Regular dress
from H&M or similar store
|
$44.24
GIP32.49
|
$61.83
ISK7,587
|
|
|
Running shoes
Nike or Adidas
|
$98.21
GIP72.13
|
$163.81
ISK20,102
|
|
| Men's business shoes (leather) |
$93.48
GIP68.66
|
$237.31
ISK29,120
|
|
Gibraltar vs. Iceland - Cost of clothing
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: February 2026
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