Cost of living comparison

compared to

Iraq vs. Iceland Cost of Living Summary

Iraq is 61.7% cheaper than Iceland overall.

Restaurants: pay 77.7% less in Iraq
Groceries: pay 63.8% less in Iraq
Transportation: pay 52.6% less in Iraq
Housing: pay 52.5% less in Iraq
Childcare: pay 55.9% less in Iraq
Entertainment and Sports: pay 58.4% less in Iraq
Clothing: pay 70.9% less in Iraq

Expenses including restaurants, clothing, groceries, entertainment and sports, childcare, and transportation are lower in Iraq.

Iraq vs. Iceland Cost Breakdown

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

Display currency: USD

pay 77.7% less for restaurants

	Iceland	Iraq
Basic meal with drink at inexpensive restaurant	$19.40 ISK2,407	$4.64 IQD6,087	-76.1%
Fast food combo meal McDonalds, or similar	$16.94 ISK2,102	$6.72 IQD8,811	-60.3%
Bottle of Coca-Cola (11 fl. oz)	$2.81 ISK349	$0.42 IQD546	-85.2%
Bottle of water (11 fl. oz)	$2.02 ISK251	$0.22 IQD293	-89.0%
Average			-77.7%

Iceland vs. Iraq - Cost of restaurants

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pay 63.8% less for groceries

	Iceland	Iraq
Bread 1 loaf	$2.95 ISK367	$0.82 IQD1,068	-72.4%
Local cheese (8 oz)	$7.27 ISK902	$2.51 IQD3,293	-65.4%
Milk (1 gallon)	$6.01 ISK745	$4.56 IQD5,978	-24.1%
Eggs 1 dozen	$5.42 ISK672	$1.76 IQD2,312	-67.4%
Boneless chicken breast (1 lb)	$8.51 ISK1,056	$2.21 IQD2,894	-74.0%
Apples (1 lb)	$1.22 ISK152	$0.48 IQD631	-60.7%
Bananas (1 lb)	$1.03 ISK127	$0.52 IQD677	-49.7%
Oranges (1 lb)	$1.17 ISK145	$0.44 IQD582	-62.1%
Tomatoes (1 lb)	$1.87 ISK232	$0.30 IQD399	-83.8%
Potatoes (1 lb)	$1.23 ISK153	$0.28 IQD363	-77.6%
Onions (1 lb)	$0.78 ISK97	$0.28 IQD368	-64.2%
Average			-63.8%

Iceland vs. Iraq - Cost of groceries

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pay 52.6% less for transportation

	Iceland	Iraq
Gasoline (1 gallon)	$8.36 ISK1,038	$1.93 IQD2,524	-77.0%
Monthly public transit pass	$71.28 ISK8,846	$39.46 IQD51,729	-44.6%
New Volkswagen Golf 1.4 (standard edition)	$40,660.66 ISK5,045,988	$16,587.19 IQD21,741,901	-59.2%
Taxi trip in downtown area (5 miles)	$22.04 ISK2,735	$15.54 IQD20,364	-29.5%
Average			-52.6%

Iceland vs. Iraq - Cost of transportation

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pay 52.5% less for housing

	Iceland	Iraq
Internet connection 50 mbps or faster, cable/dsl	$72.17 ISK8,957	$34.52 IQD45,254	-52.2%
1-Bedroom apartment in downtown area	$1,838.04 ISK228,101	$280.02 IQD367,035	-84.8%
1-Bedroom apartment outside city center	$1,497.77 ISK185,873	$188.34 IQD246,866	-87.4%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$58.01 ISK7,200	$66.51 IQD87,176	+14.6%
Average			-52.5%

Iceland vs. Iraq - Cost of housing

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pay 55.9% less for childcare

	Iceland	Iraq
Private preschool for 1 child, monthly	$258.16 ISK32,038	$139.67 IQD183,071	-45.9%
Middle school for 1 child, two semesters	$5,993.99 ISK743,855	$2,045.09 IQD2,680,629	-65.9%
Average			-55.9%

Iceland vs. Iraq - Cost of childcare

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pay 58.4% less for entertainment and sports

	Iceland	Iraq
Domestic/local beer (1 pint)	$9.19 ISK1,140	$2.57 IQD3,371	-72.0%
Cappuccino in mid-range area	$4.65 ISK577	$2.36 IQD3,095	-49.2%
Pack of cigarettes Marlboro or similar	$11.76 ISK1,459	$2.06 IQD2,695	-82.5%
Monthly membership at local gym	$61.46 ISK7,627	$32.77 IQD42,957	-46.7%
Movie ticket to theater/cinema	$14.35 ISK1,781	$8.37 IQD10,977	-41.6%
Average			-58.4%

Iceland vs. Iraq - Cost of entertainment and sports

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pay 70.9% less for clothing

	Iceland	Iraq
Regular jeans Levi's brand	$111.23 ISK13,804	$23.65 IQD30,996	-78.7%
Regular dress from H&M or similar store	$59.69 ISK7,407	$25.45 IQD33,365	-57.4%
Running shoes Nike or Adidas	$148.00 ISK18,367	$48.29 IQD63,295	-67.4%
Men's business shoes (leather)	$184.49 ISK22,896	$36.75 IQD48,167	-80.1%
Average			-70.9%

Iceland vs. Iraq - Cost of clothing

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The statistics used to build this comparison are calculated using data from users just like you. We average the price of thousands of data points entered by users across the world. Learn more about our data sources. Page last updated: June 2025

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