Cost of living comparison

compared to
Iceland vs. Indiana Cost of Living Summary

Iceland is 33.8% more expensive than Indiana.

Restaurants
pay 38.1% more in Iceland
Groceries
pay 26.7% more in Iceland
Transportation
pay 77.0% more in Iceland
Housing
pay 15.2% more in Iceland
Childcare
pay 69.5% less in Iceland
Entertainment and Sports
pay 49.1% more in Iceland
Clothing
pay 99.8% more in Iceland

The cost of clothing, transportation, entertainment and sports, restaurants, groceries, and housing in Iceland are more expensive than in Indiana. Notably, clothing and transportation are significantly more expensive in Iceland.

Iceland vs. Indiana Cost Breakdown

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

pay 38.1% more for restaurants

 
Indiana
Iceland
Basic meal with drink at inexpensive restaurant $15.95
 
$19.40
ISK2,451
Fast food combo meal
McDonalds, or similar
$8.66
 
$16.94
ISK2,141
Bottle of Coca-Cola (11 fl. oz) $2.25
 
$2.81
ISK355

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pay 26.7% more for groceries

 
Indiana
Iceland
Bread
1 loaf
$2.63
 
$2.95
ISK373
Local cheese (8 oz) $5.04
 
$7.27
ISK918
Milk (1 gallon) $2.86
 
$6.01
ISK759

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pay 77.0% more for transportation

 
Indiana
Iceland
Gasoline (1 gallon) $3.31
 
$8.36
ISK1,057
Monthly public transit pass $38.75
 
$71.28
ISK9,008
New Volkswagen Golf 1.4 (standard edition) $32,634.82
 
$40,660.66
ISK5,138,288

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pay 15.2% more for housing

 
Indiana
Iceland
Internet connection
50 mbps or faster, cable/dsl
$62.47
 
$72.17
ISK9,121
1-Bedroom apartment in downtown area $1,197.13
 
$1,838.04
ISK232,273
1-Bedroom apartment outside city center $997.45
 
$1,497.77
ISK189,273

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pay 69.5% less for childcare

 
Indiana
Iceland
Private preschool for 1 child, monthly $1,158.75
 
$258.16
ISK32,624
Middle school for 1 child, two semesters $15,521.00
 
$5,993.99
ISK757,461

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pay 49.1% more for entertainment and sports

 
Indiana
Iceland
Domestic/local beer (1 pint) $4.99
 
$9.19
ISK1,161
Cappuccino in mid-range area $4.71
 
$4.65
ISK587
Pack of cigarettes
Marlboro or similar
$8.29
 
$11.76
ISK1,486

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pay 99.8% more for clothing

 
Indiana
Iceland
Regular jeans
Levi's brand
$42.21
 
$111.23
ISK14,056
Regular dress
from H&M or similar store
$36.83
 
$59.69
ISK7,543
Running shoes
Nike or Adidas
$76.44
 
$148.00
ISK18,703

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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: June 2025
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