Cost of living comparison
Spain is 14.6% cheaper than Iceland.
If you lived in Spain instead of Iceland, you would:
pay 29.6% less for restaurants
|
Iceland
|
Spain
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$17.84
kr2,428
|
$12.45
€11.67
|
|
|
Fast food combo meal
McDonalds, or similar
|
$14.27
kr1,942
|
$8.47
€7.94
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.32
kr315
|
$1.99
€1.87
|
|
| Bottle of water (11 fl. oz) |
$2.12
kr289
|
$1.40
€1.32
|
|
pay 32.1% less for groceries
|
Iceland
|
Spain
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$3.42
kr466
|
$1.16
€1.09
|
|
| Local cheese (8 oz) |
$5.98
kr814
|
$5.73
€5.37
|
|
| Milk (1 gallon) |
$5.33
kr725
|
$3.55
€3.32
|
|
|
Eggs
1 dozen
|
$5.66
kr770
|
$2.35
€2.21
|
|
| Boneless chicken breast (1 lb) |
$7.09
kr966
|
$3.11
€2.91
|
|
| Apples (1 lb) |
$1.16
kr158
|
$0.88
€0.83
|
|
| Bananas (1 lb) |
$0.98
kr134
|
$0.83
€0.78
|
|
| Oranges (1 lb) |
$1.17
kr159
|
$0.74
€0.69
|
|
| Tomatoes (1 lb) |
$1.84
kr250
|
$0.91
€0.86
|
|
| Potatoes (1 lb) |
$0.96
kr130
|
$0.63
€0.59
|
|
| Onions (1 lb) |
$0.51
kr70
|
$0.65
€0.61
|
|
pay 31.2% less for transportation
|
Iceland
|
Spain
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$8.03
kr1,094
|
$6.67
€6.25
|
|
| Monthly public transit pass |
$77.40
kr10,535
|
$39.84
€37.34
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$29,836.83
kr4,061,389
|
$24,357.72
€22,827.01
|
|
| Taxi trip in downtown area (5 miles) |
$23.97
kr3,262
|
$14.14
€13.25
|
|
pay 21.0% less for housing
|
Iceland
|
Spain
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$62.40
kr8,494
|
$40.62
€38.07
|
|
| 1-Bedroom apartment in downtown area |
$1,437.14
kr195,624
|
$697.48
€653.65
|
|
| 1-Bedroom apartment outside city center |
$1,215.63
kr165,471
|
$570.67
€534.81
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$68.63
kr9,342
|
$106.79
€100.08
|
|
pay 100.0% more for childcare
|
Iceland
|
Spain
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$259.34
kr35,302
|
$342.46
€320.94
|
|
| Middle school for 1 child, two semesters |
$2,750.10
kr374,343
|
$7,368.05
€6,905.02
|
|
pay 45.4% less for entertainment and sports
|
Iceland
|
Spain
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$8.52
kr1,160
|
$2.66
€2.50
|
|
| Cappuccino in mid-range area |
$4.15
kr565
|
$1.85
€1.73
|
|
|
Pack of cigarettes
Marlboro or similar
|
$10.64
kr1,448
|
$5.55
€5.20
|
|
| Monthly membership at local gym |
$56.90
kr7,746
|
$43.33
€40.60
|
|
| Movie ticket to theater/cinema |
$12.27
kr1,671
|
$8.42
€7.89
|
|
pay 42.7% less for clothing
|
Iceland
|
Spain
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$118.08
kr16,072
|
$73.58
€68.95
|
|
|
Regular dress
from H&M or similar store
|
$50.39
kr6,859
|
$33.02
€30.95
|
|
|
Running shoes
Nike or Adidas
|
$151.12
kr20,570
|
$74.35
€69.68
|
|
| Men's business shoes (leather) |
$175.20
kr23,848
|
$91.35
€85.61
|
|
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