Cost of living comparison

compared to

Tokyo is 37.2% more expensive than Iceland.

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

pay 55.8% less for restaurants

 
Iceland
Tokyo
Basic meal with drink at inexpensive restaurant $17.84
kr2,507
$7.57
¥1,196
Fast food combo meal
McDonalds, or similar
$14.27
kr2,006
$5.30
¥837
Bottle of Coca-Cola (11 fl. oz) $2.32
kr326
$1.29
¥204

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pay 62.9% more for groceries

 
Iceland
Tokyo
Bread
1 loaf
$3.42
kr481
$1.58
¥250
Local cheese (8 oz) $5.98
kr841
$7.12
¥1,126
Milk (1 gallon) $5.33
kr749
$5.46
¥863

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pay 12.7% less for transportation

 
Iceland
Tokyo
Gasoline (1 gallon) $8.03
kr1,129
$4.77
¥754
Monthly public transit pass $77.40
kr10,879
$75.67
¥11,963
New Volkswagen Golf 1.4 (standard edition) $29,836.83
kr4,193,865
$21,565.59
¥3,409,413

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pay 1.9% less for housing

 
Iceland
Tokyo
Internet connection
50 mbps or faster, cable/dsl
$62.40
kr8,771
$35.00
¥5,533
1-Bedroom apartment in downtown area $1,437.14
kr202,005
$1,128.57
¥178,422
1-Bedroom apartment outside city center $1,215.63
kr170,868
$671.52
¥106,164

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pay 4.3 times more for childcare

 
Iceland
Tokyo
Private preschool for 1 child, monthly $259.34
kr36,453
$616.16
¥97,412
Middle school for 1 child, two semesters $2,750.10
kr386,554
$17,025.47
¥2,691,641

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pay 16.9% less for entertainment and sports

 
Iceland
Tokyo
Domestic/local beer (1 pint) $8.52
kr1,198
$4.16
¥658
Cappuccino in mid-range area $4.15
kr584
$3.54
¥560
Pack of cigarettes
Marlboro or similar
$10.64
kr1,495
$4.54
¥718

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pay 43.9% less for clothing

 
Iceland
Tokyo
Regular jeans
Levi's brand
$118.08
kr16,597
$50.16
¥7,930
Regular dress
from H&M or similar store
$50.39
kr7,083
$40.10
¥6,339
Running shoes
Nike or Adidas
$151.12
kr21,241
$65.44
¥10,345

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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: April 2024
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Compare countries by overall cost of living

See the cost of living in Iceland vs. Japan. This provides a comparison of the average cost of living from cities within Iceland and Japan.

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