Cost of living comparison

compared to

Iceland vs. Greenland Cost of Living Summary

Iceland is 20.1% more expensive than Greenland overall.

Restaurants: pay 5.4% more in Iceland
Groceries: pay 21.1% less in Iceland
Transportation: pay 36.6% more in Iceland
Housing: pay 47.4% more in Iceland
Childcare: pay 67.5% more in Iceland
Entertainment and Sports: pay 8.0% more in Iceland
Clothing: pay 3.4% less in Iceland

The cost of childcare, housing, transportation, entertainment and sports, and restaurants in Iceland are more expensive than in Greenland. Expenses including groceries and clothing are lower in Iceland.

Iceland vs. Greenland Cost Breakdown

If you lived in Iceland instead of Greenland, you would:

Display currency: USD

pay 5.4% more for restaurants

	Greenland	Iceland
Basic meal with drink at inexpensive restaurant	$23.67 DKK153.52	$26.52 ISK3,386	+12.1%
Fast food combo meal McDonalds, or similar	$17.56 DKK113.93	$21.32 ISK2,722	+21.4%
Bottle of Coca-Cola (11 fl. oz)	$2.93 DKK19.04	$3.11 ISK397	+6.0%
Bottle of water (11 fl. oz)	$3.32 DKK21.51	$2.72 ISK347	-18.0%
Average			+5.4%

Greenland vs. Iceland - Cost of restaurants

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pay 21.1% less for groceries

	Greenland	Iceland
Bread 1 loaf	$4.65 DKK30.17	$3.80 ISK486	-18.3%
Local cheese (8 oz)	$18.04 DKK117.02	$9.44 ISK1,205	-47.7%
Milk (1 gallon)	$11.37 DKK73.77	$7.78 ISK993	-31.6%
Eggs 1 dozen	$4.83 DKK31.34	$6.71 ISK857	+38.8%
Boneless chicken breast (1 lb)	$14.86 DKK96.40	$11.22 ISK1,432	-24.5%
Apples (1 lb)	$2.31 DKK14.99	$1.50 ISK191	-35.3%
Bananas (1 lb)	$2.31 DKK15.00	$1.15 ISK146	-50.4%
Oranges (1 lb)	$2.13 DKK13.84	$1.41 ISK181	-33.7%
Tomatoes (1 lb)	$1.96 DKK12.69	$2.34 ISK299	+19.6%
Potatoes (1 lb)	$1.69 DKK10.96	$1.65 ISK210	-2.5%
Onions (1 lb)	$2.04 DKK13.26	$1.09 ISK140	-46.5%
Average			-21.1%

Greenland vs. Iceland - Cost of groceries

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pay 36.6% more for transportation

	Greenland	Iceland
Gasoline (1 gallon)	$3.50 DKK22.69	$9.65 ISK1,233	+175.9%
Monthly public transit pass	$91.52 DKK593.66	$79.56 ISK10,159	-13.1%
New Volkswagen Golf 1.4 (standard edition)	$40,689.66 DKK263,945.68	$49,144.25 ISK6,275,229	+20.8%
Taxi trip in downtown area (5 miles)	$40.79 DKK264.62	$25.55 ISK3,263	-37.4%
Average			+36.6%

Greenland vs. Iceland - Cost of transportation

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pay 47.4% more for housing

	Greenland	Iceland
Internet connection 50 mbps or faster, cable/dsl	$172.50 DKK1,119.00	$95.65 ISK12,213	-44.6%
1-Bedroom apartment in downtown area	$850.41 DKK5,516.43	$2,289.17 ISK292,304	+169.2%
1-Bedroom apartment outside city center	$792.45 DKK5,140.45	$1,830.04 ISK233,678	+130.9%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$191.89 DKK1,244.74	$65.15 ISK8,319	-66.0%
Average			+47.4%

Greenland vs. Iceland - Cost of housing

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pay 67.5% more for childcare

	Greenland	Iceland
Private preschool for 1 child, monthly	$611.69 DKK3,967.93	$334.67 ISK42,733	-45.3%
Middle school for 1 child, two semesters	$10,954.91 DKK71,062.30	$30,711.08 ISK3,921,498	+180.3%
Average			+67.5%

Greenland vs. Iceland - Cost of childcare

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pay 8.0% more for entertainment and sports

	Greenland	Iceland
Domestic/local beer (1 pint)	$11.76 DKK76.29	$11.14 ISK1,423	-5.3%
Cappuccino in mid-range area	$6.46 DKK41.89	$5.62 ISK718	-12.9%
Pack of cigarettes Marlboro or similar	$10.39 DKK67.43	$13.90 ISK1,774	+33.7%
Monthly membership at local gym	$57.59 DKK373.58	$78.17 ISK9,982	+35.7%
Movie ticket to theater/cinema	$18.87 DKK122.37	$16.75 ISK2,139	-11.2%
Average			+8.0%

Greenland vs. Iceland - Cost of entertainment and sports

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pay 3.4% less for clothing

	Greenland	Iceland
Regular jeans Levi's brand	$173.87 DKK1,127.86	$130.91 ISK16,715	-24.7%
Regular dress from H&M or similar store	$54.77 DKK355.31	$61.83 ISK7,895	+12.9%
Running shoes Nike or Adidas	$169.02 DKK1,096.39	$163.81 ISK20,917	-3.1%
Men's business shoes (leather)	$234.75 DKK1,522.76	$237.31 ISK30,302	+1.1%
Average			-3.4%

Greenland 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: November 2025

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