Cost of living comparison
Germany is 13.6% more expensive than Iceland.
If you lived in Germany instead of Iceland, you would:
pay 8.9% less for restaurants
|
Iceland
|
Germany
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$17.84
kr2,483
|
$12.84
€11.97
|
|
|
Fast food combo meal
McDonalds, or similar
|
$14.27
kr1,986
|
$9.44
€8.80
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.32
kr323
|
$2.65
€2.47
|
|
| Bottle of water (11 fl. oz) |
$2.12
kr296
|
$2.37
€2.21
|
|
pay 23.5% less for groceries
|
Iceland
|
Germany
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$3.42
kr477
|
$2.00
€1.86
|
|
| Local cheese (8 oz) |
$5.98
kr833
|
$6.74
€6.28
|
|
| Milk (1 gallon) |
$5.33
kr741
|
$4.22
€3.93
|
|
|
Eggs
1 dozen
|
$5.66
kr788
|
$2.93
€2.73
|
|
| Boneless chicken breast (1 lb) |
$7.09
kr988
|
$3.90
€3.64
|
|
| Apples (1 lb) |
$1.16
kr162
|
$1.21
€1.13
|
|
| Bananas (1 lb) |
$0.98
kr137
|
$0.80
€0.74
|
|
| Oranges (1 lb) |
$1.17
kr163
|
$1.02
€0.95
|
|
| Tomatoes (1 lb) |
$1.84
kr256
|
$0.61
€0.57
|
|
| Potatoes (1 lb) |
$0.96
kr133
|
$0.73
€0.68
|
|
| Onions (1 lb) |
$0.51
kr71
|
$0.52
€0.49
|
|
pay 4.9% less for transportation
|
Iceland
|
Germany
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$8.03
kr1,118
|
$8.31
€7.74
|
|
| Monthly public transit pass |
$77.40
kr10,775
|
$73.47
€68.47
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$29,836.83
kr4,153,883
|
$27,050.12
€25,206.65
|
|
| Taxi trip in downtown area (5 miles) |
$23.97
kr3,337
|
$21.90
€20.41
|
|
pay 13.9% more for housing
|
Iceland
|
Germany
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$62.40
kr8,688
|
$37.93
€35.35
|
|
| 1-Bedroom apartment in downtown area |
$1,437.14
kr200,079
|
$759.74
€707.96
|
|
| 1-Bedroom apartment outside city center |
$1,215.63
kr169,239
|
$577.93
€538.54
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$68.63
kr9,555
|
$202.18
€188.40
|
|
pay 2.8 times more for childcare
|
Iceland
|
Germany
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$259.34
kr36,106
|
$325.78
€303.58
|
|
| Middle school for 1 child, two semesters |
$2,750.10
kr382,869
|
$11,890.74
€11,080.38
|
|
pay 27.7% less for entertainment and sports
|
Iceland
|
Germany
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$8.52
kr1,186
|
$4.05
€3.78
|
|
| Cappuccino in mid-range area |
$4.15
kr578
|
$3.27
€3.05
|
|
|
Pack of cigarettes
Marlboro or similar
|
$10.64
kr1,481
|
$8.03
€7.48
|
|
| Monthly membership at local gym |
$56.90
kr7,922
|
$34.77
€32.40
|
|
| Movie ticket to theater/cinema |
$12.27
kr1,709
|
$12.08
€11.25
|
|
pay 32.4% less for clothing
|
Iceland
|
Germany
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$118.08
kr16,438
|
$80.79
€75.28
|
|
|
Regular dress
from H&M or similar store
|
$50.39
kr7,015
|
$39.60
€36.90
|
|
|
Running shoes
Nike or Adidas
|
$151.12
kr21,039
|
$88.39
€82.37
|
|
| Men's business shoes (leather) |
$175.20
kr24,391
|
$113.48
€105.75
|
|
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