Cost of living comparison
Austria is 8.0% more expensive than Iceland overall.
- Restaurants
-
pay 7.1% less in Austria
- Groceries
-
pay 7.8% less in Austria
- Transportation
-
pay 24.6% less in Austria
- Housing
-
pay 54.5% more in Austria
- Childcare
-
pay 2.0 times more in Austria
- Entertainment and Sports
-
pay 30.6% less in Austria
- Clothing
-
pay 31.5% less in Austria
The cost of childcare and housing in Austria are more expensive than in Iceland. Expenses including clothing, entertainment and sports, transportation, groceries, and restaurants are lower in Austria. Notably, childcare is significantly more expensive in Austria.
If you lived in Austria instead of Iceland, you would:
pay 7.1% less for restaurants
|
Iceland
|
Austria
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$19.40
ISK2,534
|
$15.38
€13.67
|
|
|
Fast food combo meal
McDonalds, or similar
|
$16.94
ISK2,213
|
$10.63
€9.45
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.81
ISK367
|
$3.11
€2.77
|
|
| Bottle of water (11 fl. oz) |
$2.02
ISK264
|
$2.40
€2.13
|
|
pay 7.8% less for groceries
|
Iceland
|
Austria
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$2.95
ISK386
|
$2.51
€2.23
|
|
| Local cheese (8 oz) |
$7.27
ISK949
|
$8.15
€7.24
|
|
| Milk (1 gallon) |
$6.01
ISK784
|
$5.62
€4.99
|
|
|
Eggs
1 dozen
|
$5.42
ISK708
|
$4.05
€3.60
|
|
| Boneless chicken breast (1 lb) |
$8.51
ISK1,111
|
$6.06
€5.39
|
|
| Apples (1 lb) |
$1.22
ISK160
|
$1.15
€1.02
|
|
| Bananas (1 lb) |
$1.03
ISK134
|
$0.97
€0.86
|
|
| Oranges (1 lb) |
$1.17
ISK153
|
$1.36
€1.21
|
|
| Tomatoes (1 lb) |
$1.87
ISK245
|
$1.88
€1.67
|
|
| Potatoes (1 lb) |
$1.23
ISK161
|
$0.87
€0.77
|
|
| Onions (1 lb) |
$0.78
ISK102
|
$0.80
€0.71
|
|
pay 24.6% less for transportation
|
Iceland
|
Austria
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$8.36
ISK1,092
|
$6.30
€5.60
|
|
| Monthly public transit pass |
$71.28
ISK9,310
|
$48.89
€43.45
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$40,660.66
ISK5,310,689
|
$26,790.93
€23,813.11
|
|
| Taxi trip in downtown area (5 miles) |
$22.04
ISK2,878
|
$20.20
€17.96
|
|
pay 54.5% more for housing
|
Iceland
|
Austria
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$72.17
ISK9,427
|
$36.05
€32.04
|
|
| 1-Bedroom apartment in downtown area |
$1,838.04
ISK240,066
|
$834.31
€741.58
|
|
| 1-Bedroom apartment outside city center |
$1,497.77
ISK195,624
|
$704.76
€626.43
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$58.01
ISK7,577
|
$275.88
€245.22
|
|
pay 2.0 times more for childcare
|
Iceland
|
Austria
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$258.16
ISK33,719
|
$436.40
€387.90
|
|
| Middle school for 1 child, two semesters |
$5,993.99
ISK782,876
|
$14,173.71
€12,598.30
|
|
pay 30.6% less for entertainment and sports
|
Iceland
|
Austria
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$9.19
ISK1,200
|
$4.65
€4.13
|
|
| Cappuccino in mid-range area |
$4.65
ISK607
|
$3.63
€3.22
|
|
|
Pack of cigarettes
Marlboro or similar
|
$11.76
ISK1,535
|
$6.56
€5.83
|
|
| Monthly membership at local gym |
$61.46
ISK8,027
|
$45.89
€40.79
|
|
| Movie ticket to theater/cinema |
$14.35
ISK1,874
|
$12.58
€11.18
|
|
pay 31.5% less for clothing
|
Iceland
|
Austria
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$111.23
ISK14,528
|
$85.11
€75.65
|
|
|
Regular dress
from H&M or similar store
|
$59.69
ISK7,796
|
$43.90
€39.02
|
|
|
Running shoes
Nike or Adidas
|
$148.00
ISK19,330
|
$88.16
€78.36
|
|
| Men's business shoes (leather) |
$184.49
ISK24,097
|
$118.74
€105.54
|
|
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