Cost of living comparison

compared to

Russia vs. Iceland Cost of Living Summary

Russia is 58.3% cheaper than Iceland overall.

Restaurants: pay 73.6% less in Russia
Groceries: pay 62.7% less in Russia
Transportation: pay 66.4% less in Russia
Housing: pay 62.3% less in Russia
Childcare: pay 20.9% less in Russia
Entertainment and Sports: pay 71.5% less in Russia
Clothing: pay 51.0% less in Russia

Expenses including restaurants, entertainment and sports, transportation, groceries, housing, and clothing are lower in Russia.

Russia vs. Iceland Cost Breakdown

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

Display currency: USD

pay 73.6% less for restaurants

	Iceland	Russia
Basic meal with drink at inexpensive restaurant	$19.40 ISK2,451	$6.51 RUB511.39	-66.4%
Fast food combo meal McDonalds, or similar	$16.94 ISK2,141	$4.14 RUB325.48	-75.5%
Bottle of Coca-Cola (11 fl. oz)	$2.81 ISK355	$0.80 RUB62.67	-71.6%
Bottle of water (11 fl. oz)	$2.02 ISK255	$0.38 RUB30.20	-81.0%
Average			-73.6%

Iceland vs. Russia - Cost of restaurants

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pay 62.7% less for groceries

	Iceland	Russia
Bread 1 loaf	$2.95 ISK373	$0.47 RUB36.81	-84.1%
Local cheese (8 oz)	$7.27 ISK918	$3.72 RUB291.87	-48.9%
Milk (1 gallon)	$6.01 ISK759	$3.07 RUB241.35	-48.8%
Eggs 1 dozen	$5.42 ISK685	$1.21 RUB95.13	-77.7%
Boneless chicken breast (1 lb)	$8.51 ISK1,075	$1.66 RUB130.10	-80.5%
Apples (1 lb)	$1.22 ISK155	$0.54 RUB42.55	-55.7%
Bananas (1 lb)	$1.03 ISK130	$0.55 RUB43.31	-46.3%
Oranges (1 lb)	$1.17 ISK148	$0.71 RUB56.06	-39.1%
Tomatoes (1 lb)	$1.87 ISK237	$0.89 RUB69.62	-52.7%
Potatoes (1 lb)	$1.23 ISK156	$0.22 RUB17.00	-82.5%
Onions (1 lb)	$0.78 ISK99	$0.21 RUB16.37	-73.4%
Average			-62.7%

Iceland vs. Russia - Cost of groceries

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pay 66.4% less for transportation

	Iceland	Russia
Gasoline (1 gallon)	$8.36 ISK1,057	$2.12 RUB166.43	-74.7%
Monthly public transit pass	$71.28 ISK9,008	$17.67 RUB1,387.82	-75.2%
New Volkswagen Golf 1.4 (standard edition)	$40,660.66 ISK5,138,288	$26,642.44 RUB2,092,957.71	-34.5%
Taxi trip in downtown area (5 miles)	$22.04 ISK2,785	$4.15 RUB326.02	-81.2%
Average			-66.4%

Iceland vs. Russia - Cost of transportation

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pay 62.3% less for housing

	Iceland	Russia
Internet connection 50 mbps or faster, cable/dsl	$72.17 ISK9,121	$5.97 RUB469.33	-91.7%
1-Bedroom apartment in downtown area	$1,838.04 ISK232,273	$304.49 RUB23,920.18	-83.4%
1-Bedroom apartment outside city center	$1,497.77 ISK189,273	$210.86 RUB16,564.25	-85.9%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$58.01 ISK7,331	$64.94 RUB5,101.39	+11.9%
Average			-62.3%

Iceland vs. Russia - Cost of housing

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pay 20.9% less for childcare

	Iceland	Russia
Private preschool for 1 child, monthly	$258.16 ISK32,624	$190.09 RUB14,933.15	-26.4%
Middle school for 1 child, two semesters	$5,993.99 ISK757,461	$5,074.52 RUB398,640.56	-15.3%
Average			-20.9%

Iceland vs. Russia - Cost of childcare

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pay 71.5% less for entertainment and sports

	Iceland	Russia
Domestic/local beer (1 pint)	$9.19 ISK1,161	$1.42 RUB111.76	-84.5%
Cappuccino in mid-range area	$4.65 ISK587	$1.67 RUB131.24	-64.1%
Pack of cigarettes Marlboro or similar	$11.76 ISK1,486	$2.10 RUB164.79	-82.2%
Monthly membership at local gym	$61.46 ISK7,767	$28.15 RUB2,211.73	-54.2%
Movie ticket to theater/cinema	$14.35 ISK1,813	$3.97 RUB312.13	-72.3%
Average			-71.5%

Iceland vs. Russia - Cost of entertainment and sports

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pay 51.0% less for clothing

	Iceland	Russia
Regular jeans Levi's brand	$111.23 ISK14,056	$51.85 RUB4,073.08	-53.4%
Regular dress from H&M or similar store	$59.69 ISK7,543	$33.92 RUB2,664.78	-43.2%
Running shoes Nike or Adidas	$148.00 ISK18,703	$76.53 RUB6,011.74	-48.3%
Men's business shoes (leather)	$184.49 ISK23,314	$75.61 RUB5,939.84	-59.0%
Average			-51.0%

Iceland vs. Russia - 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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