Cost of living comparison

Iceland

compared to

Albania

Albania vs. Iceland Cost of Living Summary

Albania is 63.0% cheaper than Iceland overall.

Restaurants: pay 64.6% less in Albania
Groceries: pay 52.8% less in Albania
Transportation: pay 37.9% less in Albania
Housing: pay 74.3% less in Albania
Childcare: pay 79.6% less in Albania
Entertainment and Sports: pay 60.5% less in Albania
Clothing: pay 43.7% less in Albania

Expenses including childcare, housing, restaurants, entertainment and sports, groceries, and clothing are lower in Albania.

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Albania vs. Iceland Cost Breakdown

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

Display currency: USD

pay 64.6% less for restaurants

	Iceland	Albania
Basic meal with drink at inexpensive restaurant	$28.88 ISK3,517	$9.26 ALL751	-67.9%
Fast food combo meal McDonalds, or similar	$22.83 ISK2,781	$8.38 ALL679	-63.3%
Bottle of Coca-Cola (11 fl. oz)	$3.25 ISK395	$1.93 ALL156	-40.5%
Bottle of water (11 fl. oz)	$3.01 ISK367	$0.87 ALL70	-71.1%
Average			-64.6%

Iceland vs. Albania - Cost of restaurants

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pay 52.8% less for groceries

	Iceland	Albania
Bread 1 loaf	$3.55 ISK433	$1.04 ALL84	-70.8%
Local cheese (8 oz)	$10.11 ISK1,232	$5.44 ALL441	-46.2%
Milk (1 gallon)	$7.79 ISK949	$7.68 ALL623	-1.4%
Eggs 1 dozen	$6.92 ISK843	$3.12 ALL253	-54.9%
Boneless chicken breast (1 lb)	$11.01 ISK1,341	$3.48 ALL282	-68.4%
Apples (1 lb)	$1.43 ISK174	$0.72 ALL58	-49.5%
Bananas (1 lb)	$1.23 ISK149	$1.06 ALL86	-13.2%
Oranges (1 lb)	$1.42 ISK173	$0.76 ALL61	-46.7%
Tomatoes (1 lb)	$2.60 ISK317	$0.70 ALL57	-73.2%
Potatoes (1 lb)	$1.71 ISK208	$0.46 ALL37	-73.2%
Onions (1 lb)	$0.76 ISK92	$0.52 ALL42	-30.9%
Average			-52.8%

Iceland vs. Albania - Cost of groceries

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pay 37.9% less for transportation

	Iceland	Albania
Gasoline (1 gallon)	$8.09 ISK985	$8.37 ALL678	+3.5%
Monthly public transit pass	$80.58 ISK9,813	$19.20 ALL1,556	-76.2%
New Volkswagen Golf 1.4 (standard edition)	$48,967.53 ISK6M	$30,477.94 ALL2M	-37.8%
Taxi trip in downtown area (5 miles)	$26.24 ISK3,195	$29.52 ALL2,392	+12.5%
Average			-37.9%

Iceland vs. Albania - Cost of transportation

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pay 74.3% less for housing

	Iceland	Albania
Internet connection 50 mbps or faster, cable/dsl	$98.24 ISK11,964	$16.78 ALL1,360	-82.9%
1-Bedroom apartment in downtown area	$2,335.24 ISK284K	$559.99 ALL45,385	-76.0%
1-Bedroom apartment outside city center	$1,824.40 ISK222K	$345.46 ALL27,998	-81.1%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$72.34 ISK8,809	$58.30 ALL4,725	-19.4%
Average			-74.3%

Iceland vs. Albania - Cost of housing

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pay 79.6% less for childcare

	Iceland	Albania
Private preschool for 1 child, monthly	$833.66 ISK102K	$196.72 ALL15,944	-76.4%
Middle school for 1 child, two semesters	$27,752.37 ISK3M	$4,891.77 ALL396K	-82.4%
Average			-79.6%

Iceland vs. Albania - Cost of childcare

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pay 60.5% less for entertainment and sports

	Iceland	Albania
Domestic/local beer (1 pint)	$11.37 ISK1,385	$2.71 ALL220	-76.1%
Cappuccino in mid-range area	$5.90 ISK718	$1.97 ALL159	-66.6%
Pack of cigarettes Marlboro or similar	$13.85 ISK1,687	$4.42 ALL358	-68.1%
Monthly membership at local gym	$83.64 ISK10,186	$53.63 ALL4,347	-35.9%
Movie ticket to theater/cinema	$17.92 ISK2,182	$8.11 ALL657	-54.7%
Average			-60.5%

Iceland vs. Albania - Cost of entertainment and sports

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pay 43.7% less for clothing

	Iceland	Albania
Regular jeans Levi's brand	$134.47 ISK16,375	$56.21 ALL4,556	-58.2%
Regular dress from H&M or similar store	$63.25 ISK7,702	$43.02 ALL3,487	-32.0%
Running shoes Nike or Adidas	$159.03 ISK19,366	$100.53 ALL8,148	-36.8%
Men's business shoes (leather)	$237.19 ISK28,885	$132.41 ALL10,731	-44.2%
Average			-43.7%

Iceland vs. Albania - Cost of clothing

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We average the price of thousands of data points entered by users across the world. Sources: MyLifeElsewhere's cost-of-living dataset (prices updated October 2026). How we calculate this

Compare further: Iceland vs. Albania

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Size Comparison · See true size

Iceland is about 3.6 times bigger than Albania.

Moving from Iceland to Albania · Cost, visas & climate

Compare cost of living, salary and climate.

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