Cost of Living Comparison

EUR

COMPARED TO

ISK

Iceland is 39.7% more expensive than Italy.

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

pay 30.2% more for restaurants

	Italy	Iceland
Basic meal with drink at inexpensive restaurant	$16.28 €14.27	$16.49 kr1,731	+1.3%
Fast food combo meal McDonalds, or similar	$9.39 €8.23	$14.47 kr1,519	+54.1%
Bottle of Coca-Cola (11 fl. oz)	$2.48 €2.17	$2.69 kr282	+8.4%
Bottle of water (11 fl. oz)	$1.24 €1.09	$1.95 kr205	+56.9%
Average			+30.2%

Italy vs. Iceland - Cost of restaurants

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pay 33.5% more for groceries

	Italy	Iceland
Bread 1 loaf	$1.86 €1.63	$3.22 kr338	+73.3%
Local cheese (8 oz)	$7.41 €6.50	$6.33 kr664	-14.6%
Milk (1 gallon)	$4.98 €4.36	$5.38 kr565	+8.2%
Eggs 1 dozen	$3.33 €2.92	$5.97 kr626	+79.3%
Boneless chicken breast (1 lb)	$4.42 €3.88	$7.48 kr785	+69.1%
Apples (1 lb)	$0.95 €0.83	$1.06 kr111	+11.7%
Bananas (1 lb)	$0.90 €0.79	$1.04 kr109	+15.0%
Oranges (1 lb)	$0.97 €0.85	$1.10 kr116	+13.9%
Tomatoes (1 lb)	$1.08 €0.95	$1.96 kr206	+82.1%
Potatoes (1 lb)	$0.69 €0.60	$1.03 kr108	+49.8%
Onions (1 lb)	$0.74 €0.65	$0.60 kr63	-18.8%
Average			+33.5%

Italy vs. Iceland - Cost of groceries

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pay 44.8% more for transportation

	Italy	Iceland
Gasoline (1 gallon)	$6.99 €6.13	$6.83 kr717	-2.3%
Monthly public transit pass	$43.01 €37.72	$104.10 kr10,925	+142.0%
New Volkswagen Golf 1.4 (standard edition)	$26,336.31 €23,094.33	$29,559.70 kr3,102,290	+12.2%
Taxi trip in downtown area (5 miles)	$20.00 €17.54	$25.44 kr2,670	+27.2%
Average			+44.8%

Italy vs. Iceland - Cost of transportation

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pay 83.5% more for housing

	Italy	Iceland
Internet connection 50 mbps or faster, cable/dsl	$34.75 €30.47	$72.22 kr7,579	+107.8%
1-Bedroom apartment in downtown area	$639.56 €560.83	$1,433.87 kr150,485	+124.2%
1-Bedroom apartment outside city center	$490.87 €430.44	$1,196.44 kr125,566	+143.7%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$144.46 €126.68	$84.13 kr8,829	-41.8%
Average			+83.5%

Italy vs. Iceland - Cost of housing

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pay 54.7% less for childcare

	Italy	Iceland
Private preschool for 1 child, monthly	$498.43 €437.07	$308.46 kr32,373	-38.1%
Middle school for 1 child, two semesters	$11,939.46 €10,469.72	$3,430.08 kr359,987	-71.3%
Average			-54.7%

Italy vs. Iceland - Cost of childcare

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pay 75.5% more for entertainment and sports

	Italy	Iceland
Domestic/local beer (1 pint)	$5.00 €4.38	$9.07 kr952	+81.4%
Cappuccino in mid-range area	$1.68 €1.47	$4.60 kr483	+174.4%
Pack of cigarettes Marlboro or similar	$6.74 €5.91	$12.21 kr1,282	+81.1%
Monthly membership at local gym	$54.45 €47.74	$60.00 kr6,297	+10.2%
Movie ticket to theater/cinema	$10.03 €8.79	$13.09 kr1,374	+30.6%
Average			+75.5%

Italy vs. Iceland - Cost of entertainment and sports

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pay 64.8% more for clothing

	Italy	Iceland
Regular jeans Levi's brand	$87.77 €76.97	$126.70 kr13,297	+44.3%
Regular dress from H&M or similar store	$37.94 €33.27	$69.47 kr7,291	+83.1%
Running shoes Nike or Adidas	$97.30 €85.32	$175.47 kr18,416	+80.3%
Men's business shoes (leather)	$124.71 €109.36	$188.88 kr19,823	+51.5%
Average			+64.8%

Italy vs. Iceland - 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: June 2021

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