Italy is 3.7% cheaper than Iceland.

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

pay 20.9% less for restaurants

 
Iceland
Italy
Basic meal with drink at inexpensive restaurant $15.00
kr2,051
$14.35
€14.08
Fast food combo meal
McDonalds, or similar
$12.33
kr1,686
$8.28
€8.13
Bottle of Coca-Cola (11 fl. oz) $2.20
kr301
$2.18
€2.14

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pay 28.0% less for groceries

 
Iceland
Italy
Bread
1 loaf
$3.14
kr430
$1.63
€1.60
Local cheese (8 oz) $5.86
kr801
$6.40
€6.29
Milk (1 gallon) $5.16
kr706
$4.35
€4.27

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pay 18.9% less for transportation

 
Iceland
Italy
Gasoline (1 gallon) $7.21
kr986
$8.47
€8.31
Monthly public transit pass $85.09
kr11,636
$36.88
€36.21
New Volkswagen Golf 1.4 (standard edition) $27,857.83
kr3,809,558
$23,486.94
€23,056.36

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pay 22.6% less for housing

 
Iceland
Italy
Internet connection
50 mbps or faster, cable/dsl
$66.89
kr9,148
$29.40
€28.86
1-Bedroom apartment in downtown area $1,349.42
kr184,533
$560.05
€549.78
1-Bedroom apartment outside city center $1,143.63
kr156,391
$428.17
€420.32

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pay 2.5 times more for childcare

 
Iceland
Italy
Private preschool for 1 child, monthly $277.52
kr37,951
$431.71
€423.80
Middle school for 1 child, two semesters $2,822.44
kr385,968
$9,518.89
€9,344.38

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pay 40.4% less for entertainment and sports

 
Iceland
Italy
Domestic/local beer (1 pint) $7.85
kr1,074
$4.48
€4.40
Cappuccino in mid-range area $4.10
kr561
$1.48
€1.45
Pack of cigarettes
Marlboro or similar
$11.37
kr1,555
$5.97
€5.86

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pay 41.5% less for clothing

 
Iceland
Italy
Regular jeans
Levi's brand
$117.41
kr16,056
$72.84
€71.51
Regular dress
from H&M or similar store
$55.13
kr7,539
$34.55
€33.91
Running shoes
Nike or Adidas
$156.49
kr21,401
$82.76
€81.25

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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: December 2022
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