Cost of living comparison
compared to
Spain vs. Iceland Cost of Living Summary
Spain is 37.4% cheaper than Iceland overall.
- Restaurants
-
pay 37.4% less in Spain
- Groceries
-
pay 40.5% less in Spain
- Transportation
-
pay 36.7% less in Spain
- Housing
-
pay 29.6% less in Spain
- Childcare
-
pay 19.8% less in Spain
- Entertainment and Sports
-
pay 53.0% less in Spain
- Clothing
-
pay 45.0% less in Spain
Expenses including entertainment and sports, clothing, groceries, restaurants, transportation, and housing are lower in Spain.
Spain vs. Iceland Cost Breakdown
If you lived in Spain instead of Iceland, you would:
pay 37.4% less for restaurants
|
Iceland
|
Spain
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$26.52
ISK3,394
|
$15.59
€13.44
|
|
|
Fast food combo meal
McDonalds, or similar
|
$21.32
ISK2,728
|
$10.47
€9.03
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$3.11
ISK398
|
$2.43
€2.10
|
|
| Bottle of water (11 fl. oz) |
$2.72
ISK348
|
$1.75
€1.51
|
|
Iceland vs. Spain - Cost of restaurants
pay 40.5% less for groceries
|
Iceland
|
Spain
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$3.80
ISK487
|
$1.50
€1.29
|
|
| Local cheese (8 oz) |
$9.44
ISK1,208
|
$7.18
€6.19
|
|
| Milk (1 gallon) |
$7.78
ISK996
|
$4.55
€3.92
|
|
|
Eggs
1 dozen
|
$6.71
ISK859
|
$3.00
€2.59
|
|
| Boneless chicken breast (1 lb) |
$11.22
ISK1,436
|
$3.77
€3.25
|
|
| Apples (1 lb) |
$1.50
ISK191
|
$1.12
€0.97
|
|
| Bananas (1 lb) |
$1.15
ISK147
|
$0.94
€0.81
|
|
| Oranges (1 lb) |
$1.41
ISK181
|
$0.90
€0.77
|
|
| Tomatoes (1 lb) |
$2.34
ISK300
|
$1.25
€1.08
|
|
| Potatoes (1 lb) |
$1.65
ISK211
|
$0.79
€0.68
|
|
| Onions (1 lb) |
$1.09
ISK140
|
$0.88
€0.76
|
|
Iceland vs. Spain - Cost of groceries
pay 36.7% less for transportation
|
Iceland
|
Spain
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$9.65
ISK1,235
|
$6.72
€5.80
|
|
| Monthly public transit pass |
$79.56
ISK10,182
|
$36.04
€31.08
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$49,144.25
ISK6,289,481
|
$36,479.99
€31,457.68
|
|
| Taxi trip in downtown area (5 miles) |
$25.55
ISK3,270
|
$16.35
€14.10
|
|
Iceland vs. Spain - Cost of transportation
pay 29.6% less for housing
|
Iceland
|
Spain
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$95.65
ISK12,241
|
$31.86
€27.48
|
|
| 1-Bedroom apartment in downtown area |
$2,289.17
ISK292,968
|
$935.97
€807.11
|
|
| 1-Bedroom apartment outside city center |
$1,830.04
ISK234,209
|
$738.34
€636.69
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$65.15
ISK8,338
|
$108.98
€93.97
|
|
Iceland vs. Spain - Cost of housing
pay 19.8% less for childcare
|
Iceland
|
Spain
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$334.67
ISK42,830
|
$443.17
€382.16
|
|
| Middle school for 1 child, two semesters |
$30,711.08
ISK3,930,404
|
$8,629.20
€7,441.19
|
|
Iceland vs. Spain - Cost of childcare
pay 53.0% less for entertainment and sports
|
Iceland
|
Spain
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$11.14
ISK1,426
|
$3.32
€2.86
|
|
| Cappuccino in mid-range area |
$5.62
ISK720
|
$2.26
€1.95
|
|
|
Pack of cigarettes
Marlboro or similar
|
$13.90
ISK1,778
|
$6.32
€5.45
|
|
| Monthly membership at local gym |
$78.17
ISK10,004
|
$48.29
€41.64
|
|
| Movie ticket to theater/cinema |
$16.75
ISK2,144
|
$9.66
€8.33
|
|
Iceland vs. Spain - Cost of entertainment and sports
pay 45.0% less for clothing
|
Iceland
|
Spain
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$130.91
ISK16,753
|
$82.11
€70.81
|
|
|
Regular dress
from H&M or similar store
|
$61.83
ISK7,913
|
$35.86
€30.92
|
|
|
Running shoes
Nike or Adidas
|
$163.81
ISK20,965
|
$88.78
€76.56
|
|
| Men's business shoes (leather) |
$237.31
ISK30,371
|
$106.74
€92.05
|
|
Iceland vs. Spain - Cost of clothing
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 2025
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