Cost of living comparison
Germany is 2.4% more expensive than Iceland overall.
- Restaurants
-
pay 12.1% less in Germany
- Groceries
-
pay 20.0% less in Germany
- Transportation
-
pay 16.4% less in Germany
- Housing
-
pay 37.0% more in Germany
- Childcare
-
pay 91.5% more in Germany
- Entertainment and Sports
-
pay 31.0% less in Germany
- Clothing
-
pay 32.2% less in Germany
The cost of childcare and housing in Germany are more expensive than in Iceland. Expenses including clothing, entertainment and sports, groceries, transportation, and restaurants are lower in Germany. Notably, childcare is significantly more expensive in Germany.
If you lived in Germany instead of Iceland, you would:
pay 12.1% less for restaurants
|
Iceland
|
Germany
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$19.40
ISK2,508
|
$14.04
€12.43
|
|
|
Fast food combo meal
McDonalds, or similar
|
$16.94
ISK2,191
|
$10.20
€9.02
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.81
ISK363
|
$2.80
€2.48
|
|
| Bottle of water (11 fl. oz) |
$2.02
ISK261
|
$2.41
€2.13
|
|
pay 20.0% less for groceries
|
Iceland
|
Germany
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$2.95
ISK382
|
$2.03
€1.80
|
|
| Local cheese (8 oz) |
$7.27
ISK939
|
$6.71
€5.93
|
|
| Milk (1 gallon) |
$6.01
ISK777
|
$4.38
€3.88
|
|
|
Eggs
1 dozen
|
$5.42
ISK701
|
$3.41
€3.01
|
|
| Boneless chicken breast (1 lb) |
$8.51
ISK1,100
|
$6.24
€5.52
|
|
| Apples (1 lb) |
$1.22
ISK158
|
$1.28
€1.13
|
|
| Bananas (1 lb) |
$1.03
ISK133
|
$0.70
€0.62
|
|
| Oranges (1 lb) |
$1.17
ISK151
|
$0.97
€0.86
|
|
| Tomatoes (1 lb) |
$1.87
ISK242
|
$2.10
€1.86
|
|
| Potatoes (1 lb) |
$1.23
ISK160
|
$0.66
€0.59
|
|
| Onions (1 lb) |
$0.78
ISK101
|
$0.69
€0.61
|
|
pay 16.4% less for transportation
|
Iceland
|
Germany
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$8.36
ISK1,081
|
$7.07
€6.26
|
|
| Monthly public transit pass |
$71.28
ISK9,217
|
$52.96
€46.85
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$40,660.66
ISK5,257,830
|
$28,807.86
€25,487.75
|
|
| Taxi trip in downtown area (5 miles) |
$22.04
ISK2,850
|
$23.02
€20.36
|
|
pay 37.0% more for housing
|
Iceland
|
Germany
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$72.17
ISK9,333
|
$48.22
€42.66
|
|
| 1-Bedroom apartment in downtown area |
$1,838.04
ISK237,677
|
$790.39
€699.30
|
|
| 1-Bedroom apartment outside city center |
$1,497.77
ISK193,677
|
$625.27
€553.21
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$58.01
ISK7,502
|
$230.06
€203.55
|
|
pay 91.5% more for childcare
|
Iceland
|
Germany
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$258.16
ISK33,383
|
$458.39
€405.56
|
|
| Middle school for 1 child, two semesters |
$5,993.99
ISK775,083
|
$12,308.95
€10,890.34
|
|
pay 31.0% less for entertainment and sports
|
Iceland
|
Germany
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$9.19
ISK1,188
|
$4.42
€3.91
|
|
| Cappuccino in mid-range area |
$4.65
ISK601
|
$3.49
€3.08
|
|
|
Pack of cigarettes
Marlboro or similar
|
$11.76
ISK1,520
|
$8.74
€7.73
|
|
| Monthly membership at local gym |
$61.46
ISK7,947
|
$36.01
€31.86
|
|
| Movie ticket to theater/cinema |
$14.35
ISK1,855
|
$12.80
€11.32
|
|
pay 32.2% less for clothing
|
Iceland
|
Germany
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$111.23
ISK14,383
|
$82.34
€72.85
|
|
|
Regular dress
from H&M or similar store
|
$59.69
ISK7,718
|
$40.78
€36.08
|
|
|
Running shoes
Nike or Adidas
|
$148.00
ISK19,138
|
$91.59
€81.04
|
|
| Men's business shoes (leather) |
$184.49
ISK23,857
|
$123.43
€109.20
|
|
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