Cost of living comparison

compared to

Sri Lanka vs. Iceland Cost of Living Summary

Sri Lanka is 72.1% cheaper than Iceland overall.

Restaurants: pay 78.3% less in Sri Lanka
Groceries: pay 41.1% less in Sri Lanka
Transportation: pay 70.5% less in Sri Lanka
Housing: pay 78.9% less in Sri Lanka
Childcare: pay 94.2% less in Sri Lanka
Entertainment and Sports: pay 66.9% less in Sri Lanka
Clothing: pay 75.1% less in Sri Lanka

Expenses including childcare, housing, restaurants, clothing, transportation, and entertainment and sports are lower in Sri Lanka.

Sri Lanka vs. Iceland Cost Breakdown

If you lived in Sri Lanka instead of Iceland, you would:

Display currency: USD

pay 78.3% less for restaurants

	Iceland	Sri Lanka
Basic meal with drink at inexpensive restaurant	$26.52 ISK3,394	$3.63 LKR1,116.85	-86.3%
Fast food combo meal McDonalds, or similar	$21.32 ISK2,728	$7.90 LKR2,426.61	-63.0%
Bottle of Coca-Cola (11 fl. oz)	$3.11 ISK398	$0.73 LKR224.32	-76.5%
Bottle of water (11 fl. oz)	$2.72 ISK348	$0.35 LKR106.15	-87.3%
Average			-78.3%

Iceland vs. Sri Lanka - Cost of restaurants

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pay 41.1% less for groceries

	Iceland	Sri Lanka
Bread 1 loaf	$3.80 ISK487	$0.48 LKR147.07	-87.4%
Local cheese (8 oz)	$9.44 ISK1,208	$5.72 LKR1,758.02	-39.4%
Milk (1 gallon)	$7.78 ISK996	$6.01 LKR1,847.59	-22.7%
Eggs 1 dozen	$6.71 ISK859	$1.94 LKR597.37	-71.0%
Boneless chicken breast (1 lb)	$11.22 ISK1,436	$2.05 LKR629.94	-81.7%
Apples (1 lb)	$1.50 ISK191	$2.40 LKR736.93	+60.3%
Bananas (1 lb)	$1.15 ISK147	$0.44 LKR136.48	-61.3%
Oranges (1 lb)	$1.41 ISK181	$2.17 LKR665.91	+53.2%
Tomatoes (1 lb)	$2.34 ISK300	$0.55 LKR168.43	-76.6%
Potatoes (1 lb)	$1.65 ISK211	$0.45 LKR139.78	-72.4%
Onions (1 lb)	$1.09 ISK140	$0.51 LKR155.98	-53.6%
Average			-41.1%

Iceland vs. Sri Lanka - Cost of groceries

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pay 70.5% less for transportation

	Iceland	Sri Lanka
Gasoline (1 gallon)	$9.65 ISK1,235	$4.12 LKR1,264.88	-57.4%
Monthly public transit pass	$79.56 ISK10,182	$10.74 LKR3,299.78	-86.5%
New Volkswagen Golf 1.4 (standard edition)	$49,144.25 ISK6,289,481	$24,680.98 LKR7,584,425.30	-49.8%
Taxi trip in downtown area (5 miles)	$25.55 ISK3,270	$3.00 LKR921.91	-88.3%
Average			-70.5%

Iceland vs. Sri Lanka - Cost of transportation

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pay 78.9% less for housing

	Iceland	Sri Lanka
Internet connection 50 mbps or faster, cable/dsl	$95.65 ISK12,241	$12.84 LKR3,944.37	-86.6%
1-Bedroom apartment in downtown area	$2,289.17 ISK292,968	$289.17 LKR88,862.02	-87.4%
1-Bedroom apartment outside city center	$1,830.04 ISK234,209	$178.38 LKR54,816.88	-90.3%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$65.15 ISK8,338	$31.64 LKR9,722.89	-51.4%
Average			-78.9%

Iceland vs. Sri Lanka - Cost of housing

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pay 94.2% less for childcare

	Iceland	Sri Lanka
Private preschool for 1 child, monthly	$334.67 ISK42,830	$33.87 LKR10,407.01	-89.9%
Middle school for 1 child, two semesters	$30,711.08 ISK3,930,404	$466.09 LKR143,227.52	-98.5%
Average			-94.2%

Iceland vs. Sri Lanka - Cost of childcare

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pay 66.9% less for entertainment and sports

	Iceland	Sri Lanka
Domestic/local beer (1 pint)	$11.14 ISK1,426	$2.08 LKR639.65	-81.3%
Cappuccino in mid-range area	$5.62 ISK720	$2.39 LKR735.74	-57.4%
Pack of cigarettes Marlboro or similar	$13.90 ISK1,778	$9.25 LKR2,842.89	-33.4%
Monthly membership at local gym	$78.17 ISK10,004	$15.04 LKR4,620.30	-80.8%
Movie ticket to theater/cinema	$16.75 ISK2,144	$3.12 LKR959.48	-81.4%
Average			-66.9%

Iceland vs. Sri Lanka - Cost of entertainment and sports

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pay 75.1% less for clothing

	Iceland	Sri Lanka
Regular jeans Levi's brand	$130.91 ISK16,753	$25.05 LKR7,697.80	-80.9%
Regular dress from H&M or similar store	$61.83 ISK7,913	$17.03 LKR5,232.27	-72.5%
Running shoes Nike or Adidas	$163.81 ISK20,965	$62.69 LKR19,264.32	-61.7%
Men's business shoes (leather)	$237.31 ISK30,371	$35.07 LKR10,776.88	-85.2%
Average			-75.1%

Iceland vs. Sri Lanka - 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: December 2025

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