Cost of living comparison
Spain is 24.6% cheaper than Iceland.
If you lived in Spain instead of Iceland, you would:
pay 30.8% less for restaurants
|
Iceland
|
Spain
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$19.51
ISK2,638
|
$13.31
€11.92
|
|
|
Fast food combo meal
McDonalds, or similar
|
$16.45
ISK2,223
|
$8.95
€8.01
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.70
ISK365
|
$2.06
€1.85
|
|
| Bottle of water (11 fl. oz) |
$1.95
ISK264
|
$1.53
€1.37
|
|
pay 31.1% less for groceries
|
Iceland
|
Spain
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$3.16
ISK426
|
$1.27
€1.13
|
|
| Local cheese (8 oz) |
$6.72
ISK908
|
$6.20
€5.55
|
|
| Milk (1 gallon) |
$6.27
ISK848
|
$4.19
€3.75
|
|
|
Eggs
1 dozen
|
$6.03
ISK815
|
$2.53
€2.26
|
|
| Boneless chicken breast (1 lb) |
$7.60
ISK1,027
|
$3.26
€2.92
|
|
| Apples (1 lb) |
$1.13
ISK152
|
$0.97
€0.86
|
|
| Bananas (1 lb) |
$1.01
ISK136
|
$0.82
€0.74
|
|
| Oranges (1 lb) |
$1.15
ISK156
|
$0.83
€0.74
|
|
| Tomatoes (1 lb) |
$1.71
ISK232
|
$1.08
€0.97
|
|
| Potatoes (1 lb) |
$1.13
ISK153
|
$0.66
€0.59
|
|
| Onions (1 lb) |
$0.68
ISK92
|
$0.77
€0.69
|
|
pay 30.9% less for transportation
|
Iceland
|
Spain
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$8.42
ISK1,138
|
$6.53
€5.85
|
|
| Monthly public transit pass |
$68.29
ISK9,231
|
$35.45
€31.73
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$39,714.69
ISK5,368,235
|
$33,659.33
€30,129.64
|
|
| Taxi trip in downtown area (5 miles) |
$23.23
ISK3,140
|
$14.39
€12.88
|
|
pay 22.7% less for housing
|
Iceland
|
Spain
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$74.47
ISK10,067
|
$33.81
€30.26
|
|
| 1-Bedroom apartment in downtown area |
$1,518.94
ISK205,315
|
$828.43
€741.55
|
|
| 1-Bedroom apartment outside city center |
$1,325.48
ISK179,165
|
$665.31
€595.54
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$66.99
ISK9,055
|
$106.67
€95.48
|
|
pay 36.5% more for childcare
|
Iceland
|
Spain
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$254.97
ISK34,464
|
$381.14
€341.17
|
|
| Middle school for 1 child, two semesters |
$5,993.83
ISK810,185
|
$7,410.38
€6,633.29
|
|
pay 49.4% less for entertainment and sports
|
Iceland
|
Spain
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$9.37
ISK1,267
|
$2.76
€2.47
|
|
| Cappuccino in mid-range area |
$4.61
ISK624
|
$1.92
€1.72
|
|
|
Pack of cigarettes
Marlboro or similar
|
$11.22
ISK1,516
|
$5.57
€4.99
|
|
| Monthly membership at local gym |
$60.00
ISK8,110
|
$43.03
€38.52
|
|
| Movie ticket to theater/cinema |
$13.94
ISK1,884
|
$8.46
€7.58
|
|
pay 43.6% less for clothing
|
Iceland
|
Spain
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$108.23
ISK14,630
|
$73.08
€65.41
|
|
|
Regular dress
from H&M or similar store
|
$59.73
ISK8,074
|
$31.46
€28.16
|
|
|
Running shoes
Nike or Adidas
|
$146.94
ISK19,862
|
$75.09
€67.22
|
|
| Men's business shoes (leather) |
$169.24
ISK22,876
|
$91.97
€82.32
|
|
Change currency:
ASK THE ELSEWHERE COMMUNITY
Join the Elsewhere community and ask a question about Spain or Iceland. It's a free, question-and-answer based forum to discuss what life is like in countries and cities around the world.