Cost of living comparison
Luxembourg is 46.5% more expensive than Iceland overall.
- Restaurants
-
pay 8.0% more in Luxembourg
- Groceries
-
pay 3.4% less in Luxembourg
- Transportation
-
pay 1.1% less in Luxembourg
- Housing
-
pay 61.5% more in Luxembourg
- Childcare
-
pay 4.2 times more in Luxembourg
- Entertainment and Sports
-
pay 29.2% less in Luxembourg
- Clothing
-
pay 30.6% less in Luxembourg
The cost of childcare, housing, and restaurants in Luxembourg are more expensive than in Iceland. Expenses including clothing, entertainment and sports, groceries, and transportation are lower in Luxembourg. Notably, childcare is significantly more expensive in Luxembourg.
If you lived in Luxembourg instead of Iceland, you would:
pay 8.0% more for restaurants
|
Iceland
|
Luxembourg
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$19.40
ISK2,748
|
$18.85
€18.35
|
|
|
Fast food combo meal
McDonalds, or similar
|
$16.94
ISK2,400
|
$12.97
€12.63
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.81
ISK398
|
$3.11
€3.03
|
|
| Bottle of water (11 fl. oz) |
$2.02
ISK286
|
$2.98
€2.90
|
|
pay 3.4% less for groceries
|
Iceland
|
Luxembourg
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$2.95
ISK419
|
$3.15
€3.06
|
|
| Local cheese (8 oz) |
$7.27
ISK1,029
|
$9.88
€9.62
|
|
| Milk (1 gallon) |
$6.01
ISK851
|
$4.86
€4.73
|
|
|
Eggs
1 dozen
|
$5.42
ISK768
|
$4.25
€4.14
|
|
| Boneless chicken breast (1 lb) |
$8.51
ISK1,205
|
$7.68
€7.48
|
|
| Apples (1 lb) |
$1.22
ISK173
|
$1.19
€1.16
|
|
| Bananas (1 lb) |
$1.03
ISK145
|
$0.80
€0.78
|
|
| Oranges (1 lb) |
$1.17
ISK166
|
$1.18
€1.15
|
|
| Tomatoes (1 lb) |
$1.87
ISK265
|
$1.72
€1.67
|
|
| Potatoes (1 lb) |
$1.23
ISK175
|
$0.99
€0.96
|
|
| Onions (1 lb) |
$0.78
ISK111
|
$0.96
€0.94
|
|
pay 1.1% less for transportation
|
Iceland
|
Luxembourg
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$8.36
ISK1,185
|
$6.37
€6.20
|
|
| Monthly public transit pass |
$71.28
ISK10,098
|
?? | |
| New Volkswagen Golf 1.4 (standard edition) |
$40,660.66
ISK5,760,396
|
$26,949.84
€26,241.33
|
|
| Taxi trip in downtown area (5 miles) |
$22.04
ISK3,122
|
$34.01
€33.12
|
|
pay 61.5% more for housing
|
Iceland
|
Luxembourg
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$72.17
ISK10,225
|
$54.60
€53.17
|
|
| 1-Bedroom apartment in downtown area |
$1,838.04
ISK260,395
|
$1,768.97
€1,722.46
|
|
| 1-Bedroom apartment outside city center |
$1,497.77
ISK212,189
|
$1,639.77
€1,596.66
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$58.01
ISK8,219
|
$211.55
€205.99
|
|
pay 4.2 times more for childcare
|
Iceland
|
Luxembourg
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$258.16
ISK36,574
|
$1,523.51
€1,483.46
|
|
| Middle school for 1 child, two semesters |
$5,993.99
ISK849,169
|
$15,004.68
€14,610.21
|
|
pay 29.2% less for entertainment and sports
|
Iceland
|
Luxembourg
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$9.19
ISK1,302
|
$5.20
€5.06
|
|
| Cappuccino in mid-range area |
$4.65
ISK659
|
$4.33
€4.22
|
|
|
Pack of cigarettes
Marlboro or similar
|
$11.76
ISK1,665
|
$6.16
€6.00
|
|
| Monthly membership at local gym |
$61.46
ISK8,707
|
$33.59
€32.71
|
|
| Movie ticket to theater/cinema |
$14.35
ISK2,033
|
$13.93
€13.57
|
|
pay 30.6% less for clothing
|
Iceland
|
Luxembourg
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$111.23
ISK15,758
|
$81.75
€79.60
|
|
|
Regular dress
from H&M or similar store
|
$59.69
ISK8,456
|
$41.83
€40.73
|
|
|
Running shoes
Nike or Adidas
|
$148.00
ISK20,967
|
$96.18
€93.65
|
|
| Men's business shoes (leather) |
$184.49
ISK26,137
|
$127.67
€124.31
|
|
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