Cost of living comparison
compared to
Iceland vs. Israel Cost of Living Summary
Iceland is 40.5% more expensive than Israel overall.
- Restaurants
-
pay 18.6% more in Iceland
- Groceries
-
pay 50.2% more in Iceland
- Transportation
-
pay 33.5% more in Iceland
- Housing
-
pay 82.1% more in Iceland
- Childcare
-
pay 41.2% more in Iceland
- Entertainment and Sports
-
pay 24.1% more in Iceland
- Clothing
-
pay 33.5% more in Iceland
The cost of housing, groceries, childcare, transportation, clothing, and entertainment and sports in Iceland are more expensive than in Israel. Notably, housing is significantly more expensive in Iceland.
Iceland vs. Israel Cost Breakdown
If you lived in Iceland instead of Israel, you would:
pay 18.6% more for restaurants
|
Israel
|
Iceland
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$21.27
₪69.26
|
$26.52
ISK3,394
|
|
|
Fast food combo meal
McDonalds, or similar
|
$16.70
₪54.38
|
$21.32
ISK2,728
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.94
₪9.58
|
$3.11
ISK398
|
|
| Bottle of water (11 fl. oz) |
$2.34
₪7.61
|
$2.72
ISK348
|
|
Israel vs. Iceland - Cost of restaurants
pay 50.2% more for groceries
|
Israel
|
Iceland
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$2.66
₪8.67
|
$3.80
ISK487
|
|
| Local cheese (8 oz) |
$8.17
₪26.59
|
$9.44
ISK1,208
|
|
| Milk (1 gallon) |
$7.81
₪25.43
|
$7.78
ISK996
|
|
|
Eggs
1 dozen
|
$4.25
₪13.83
|
$6.71
ISK859
|
|
| Boneless chicken breast (1 lb) |
$5.14
₪16.75
|
$11.22
ISK1,436
|
|
| Apples (1 lb) |
$1.63
₪5.31
|
$1.50
ISK191
|
|
| Bananas (1 lb) |
$1.07
₪3.47
|
$1.15
ISK147
|
|
| Oranges (1 lb) |
$0.93
₪3.03
|
$1.41
ISK181
|
|
| Tomatoes (1 lb) |
$1.14
₪3.70
|
$2.34
ISK300
|
|
| Potatoes (1 lb) |
$0.76
₪2.49
|
$1.65
ISK211
|
|
| Onions (1 lb) |
$0.75
₪2.45
|
$1.09
ISK140
|
|
Israel vs. Iceland - Cost of groceries
pay 33.5% more for transportation
|
Israel
|
Iceland
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$8.15
₪26.53
|
$9.65
ISK1,235
|
|
| Monthly public transit pass |
$63.78
₪207.65
|
$79.56
ISK10,182
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$45,327.76
₪147,580.61
|
$49,144.25
ISK6,289,481
|
|
| Taxi trip in downtown area (5 miles) |
$14.00
₪45.59
|
$25.55
ISK3,270
|
|
Israel vs. Iceland - Cost of transportation
pay 82.1% more for housing
|
Israel
|
Iceland
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$30.28
₪98.60
|
$95.65
ISK12,241
|
|
| 1-Bedroom apartment in downtown area |
$1,182.96
₪3,851.54
|
$2,289.17
ISK292,968
|
|
| 1-Bedroom apartment outside city center |
$990.96
₪3,226.43
|
$1,830.04
ISK234,209
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$190.46
₪620.13
|
$65.15
ISK8,338
|
|
Israel vs. Iceland - Cost of housing
pay 41.2% more for childcare
|
Israel
|
Iceland
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$1,022.81
₪3,330.12
|
$334.67
ISK42,830
|
|
| Middle school for 1 child, two semesters |
$12,300.36
₪40,048.19
|
$30,711.08
ISK3,930,404
|
|
Israel vs. Iceland - Cost of childcare
pay 24.1% more for entertainment and sports
|
Israel
|
Iceland
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$8.92
₪29.06
|
$11.14
ISK1,426
|
|
| Cappuccino in mid-range area |
$4.22
₪13.75
|
$5.62
ISK720
|
|
|
Pack of cigarettes
Marlboro or similar
|
$11.09
₪36.11
|
$13.90
ISK1,778
|
|
| Monthly membership at local gym |
$72.05
₪234.58
|
$78.17
ISK10,004
|
|
| Movie ticket to theater/cinema |
$13.01
₪42.35
|
$16.75
ISK2,144
|
|
Israel vs. Iceland - Cost of entertainment and sports
pay 33.5% more for clothing
|
Israel
|
Iceland
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$92.85
₪302.30
|
$130.91
ISK16,753
|
|
|
Regular dress
from H&M or similar store
|
$64.69
₪210.62
|
$61.83
ISK7,913
|
|
|
Running shoes
Nike or Adidas
|
$125.62
₪409.00
|
$163.81
ISK20,965
|
|
| Men's business shoes (leather) |
$142.11
₪462.70
|
$237.31
ISK30,371
|
|
Israel vs. Iceland - 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
Change currency:
Help us improve these prices
MyLifeElsewhere is a collaborative project. Please enter price information for your location to help assist us in making these comparisons more accurate.
Learn more
ASK THE ELSEWHERE COMMUNITY
Join the Elsewhere community and ask a question about Iceland or Israel. It's a free, question-and-answer based forum to discuss what life is like in countries and cities around the world.