Cost of living comparison
Greece is 21.8% cheaper than Iceland overall.
- Restaurants
-
pay 43.8% less in Greece
- Groceries
-
pay 34.5% less in Greece
- Transportation
-
pay 30.2% less in Greece
- Housing
-
pay 0.8% more in Greece
- Childcare
-
pay 32.8% more in Greece
- Entertainment and Sports
-
pay 38.8% less in Greece
- Clothing
-
pay 38.6% less in Greece
The cost of childcare and housing in Greece are more expensive than in Iceland. Expenses including restaurants, entertainment and sports, clothing, groceries, and transportation are lower in Greece.
If you lived in Greece instead of Iceland, you would:
pay 43.8% less for restaurants
|
Iceland
|
Greece
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$19.40
ISK2,534
|
$13.17
€11.71
|
|
|
Fast food combo meal
McDonalds, or similar
|
$16.94
ISK2,213
|
$9.11
€8.09
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.81
ISK367
|
$2.07
€1.84
|
|
| Bottle of water (11 fl. oz) |
$2.02
ISK264
|
$0.60
€0.53
|
|
pay 34.5% less for groceries
|
Iceland
|
Greece
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$2.95
ISK386
|
$1.33
€1.18
|
|
| Local cheese (8 oz) |
$7.27
ISK949
|
$6.30
€5.60
|
|
| Milk (1 gallon) |
$6.01
ISK784
|
$5.99
€5.33
|
|
|
Eggs
1 dozen
|
$5.42
ISK708
|
$4.02
€3.58
|
|
| Boneless chicken breast (1 lb) |
$8.51
ISK1,111
|
$4.23
€3.76
|
|
| Apples (1 lb) |
$1.22
ISK160
|
$0.88
€0.78
|
|
| Bananas (1 lb) |
$1.03
ISK134
|
$0.85
€0.76
|
|
| Oranges (1 lb) |
$1.17
ISK153
|
$0.58
€0.51
|
|
| Tomatoes (1 lb) |
$1.87
ISK245
|
$0.87
€0.78
|
|
| Potatoes (1 lb) |
$1.23
ISK161
|
$0.51
€0.46
|
|
| Onions (1 lb) |
$0.78
ISK102
|
$0.57
€0.50
|
|
pay 30.2% less for transportation
|
Iceland
|
Greece
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$8.36
ISK1,092
|
$7.55
€6.71
|
|
| Monthly public transit pass |
$71.28
ISK9,310
|
$40.19
€35.72
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$40,660.66
ISK5,310,689
|
$28,316.80
€25,169.39
|
|
| Taxi trip in downtown area (5 miles) |
$22.04
ISK2,878
|
$13.82
€12.28
|
|
pay 0.8% more for housing
|
Iceland
|
Greece
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$72.17
ISK9,427
|
$32.82
€29.17
|
|
| 1-Bedroom apartment in downtown area |
$1,838.04
ISK240,066
|
$524.36
€466.08
|
|
| 1-Bedroom apartment outside city center |
$1,497.77
ISK195,624
|
$392.21
€348.61
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$58.01
ISK7,577
|
$175.68
€156.15
|
|
pay 32.8% more for childcare
|
Iceland
|
Greece
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$258.16
ISK33,719
|
$413.12
€367.20
|
|
| Middle school for 1 child, two semesters |
$5,993.99
ISK782,876
|
$6,332.60
€5,628.73
|
|
pay 38.8% less for entertainment and sports
|
Iceland
|
Greece
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$9.19
ISK1,200
|
$4.40
€3.91
|
|
| Cappuccino in mid-range area |
$4.65
ISK607
|
$3.49
€3.10
|
|
|
Pack of cigarettes
Marlboro or similar
|
$11.76
ISK1,535
|
$4.94
€4.40
|
|
| Monthly membership at local gym |
$61.46
ISK8,027
|
$48.72
€43.31
|
|
| Movie ticket to theater/cinema |
$14.35
ISK1,874
|
$8.82
€7.84
|
|
pay 38.6% less for clothing
|
Iceland
|
Greece
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$111.23
ISK14,528
|
$83.64
€74.34
|
|
|
Regular dress
from H&M or similar store
|
$59.69
ISK7,796
|
$37.83
€33.62
|
|
|
Running shoes
Nike or Adidas
|
$148.00
ISK19,330
|
$83.15
€73.91
|
|
| Men's business shoes (leather) |
$184.49
ISK24,097
|
$93.42
€83.04
|
|
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