Cost of Living Comparison

  1. Cost of Living
  2. Italy
  3. Iceland
  4. Comparison
EUR
COMPARED TO
ISK

Iceland is 25.0% more expensive than Italy.

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

pay 19.0% more for restaurants

  Italy help_outline Iceland help_outline  
Basic meal with drink at inexpensive restaurant $15.63
€13.71
$15.54
kr1,631
-0.6%
Fast food combo meal
McDonalds, or similar
 $9.11
€7.99
$12.54
kr1,316
+37.7%
Bottle of Coca-Cola (11 fl. oz) $2.39
€2.09
$2.37
kr249
-0.6%
Bottle of water (11 fl. oz) $1.21
€1.06
$1.68
kr177
+39.5%
Average +19.0%
Italy vs. Iceland - Cost of restaurants
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local_grocery_store

pay 21.1% more for groceries

  Italy help_outline Iceland help_outline  
Bread
1 loaf
 $1.83
€1.61
$3.04
kr319
+65.8%
Local cheese (8 oz) $7.60
€6.66
$5.12
kr538
-32.6%
Milk (1 gallon) $4.76
€4.17
$4.59
kr482
-3.5%
Eggs
1 dozen
 $3.18
€2.79
$5.23
kr549
+64.5%
Boneless chicken breast (1 lb) $4.41
€3.87
$6.56
kr689
+48.8%
Apples (1 lb) $0.95
€0.83
$0.98
kr103
+3.2%
Bananas (1 lb) $0.88
€0.78
$0.83
kr88
-5.7%
Oranges (1 lb) $0.93
€0.82
$1.02
kr107
+9.4%
Tomatoes (1 lb) $1.01
€0.88
$1.68
kr176
+66.2%
Potatoes (1 lb) $0.68
€0.60
$0.96
kr100
+40.6%
Onions (1 lb) $0.73
€0.64
$0.55
kr58
-24.6%
Average +21.1%
Italy vs. Iceland - Cost of groceries
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drive_eta

pay 28.1% more for transportation

  Italy help_outline Iceland help_outline  
Gasoline (1 gallon) $6.87
€6.03
$5.96
kr626
-13.2%
Monthly public transit pass $42.81
€37.54
$90.41
kr9,489
+111.2%
New Volkswagen Golf 1.4 (standard edition) $25,515.15
€22,374.26
$26,163.21
kr2,745,829
+2.5%
Taxi trip in downtown area (5 miles) $19.98
€17.52
$22.36
kr2,347
+11.9%
Average +28.1%
Italy vs. Iceland - Cost of transportation
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home

pay 65.0% more for housing

  Italy help_outline Iceland help_outline  
Internet connection
50 mbps or faster, cable/dsl
 $34.22
€30.01
$63.30
kr6,644
+85.0%
1-Bedroom apartment in downtown area $635.99
€557.70
$1,285.14
kr134,875
+102.1%
1-Bedroom apartment outside city center $477.40
€418.64
$1,064.16
kr111,684
+122.9%
Utilities for two (700 sq ft apartment)
including electric, gas, water, heating
 $139.03
€121.92
$69.69
kr7,314
-49.9%
Average +65.0%
Italy vs. Iceland - Cost of housing
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child_care

pay 58.5% less for childcare

  Italy help_outline Iceland help_outline  
Private preschool for 1 child, monthly $484.79
€425.12
$279.46
kr29,329
-42.4%
Middle school for 1 child, two semesters $11,934.63
€10,465.49
$3,014.93
kr316,417
-74.7%
Average -58.5%
Italy vs. Iceland - Cost of childcare
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gamepad

pay 58.4% more for entertainment and sports

  Italy help_outline Iceland help_outline  
Domestic/local beer (1 pint) $4.85
€4.25
$7.97
kr837
+64.5%
Cappuccino in mid-range area $1.64
€1.44
$4.17
kr438
+154.3%
Pack of cigarettes
Marlboro or similar
 $6.38
€5.60
$10.58
kr1,110
+65.7%
Monthly membership at local gym $54.20
€47.53
$50.68
kr5,319
-6.5%
Movie ticket to theater/cinema $9.68
€8.49
$11.05
kr1,159
+14.1%
Average +58.4%
Italy vs. Iceland - Cost of entertainment and sports
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store

pay 41.9% more for clothing

  Italy help_outline Iceland help_outline  
Regular jeans
Levi's brand
 $87.08
€76.36
$104.95
kr11,015
+20.5%
Regular dress
from H&M or similar store
 $37.41
€32.80
$60.45
kr6,345
+61.6%
Running shoes
Nike or Adidas
 $96.82
€84.90
$154.03
kr16,166
+59.1%
Men's business shoes (leather) $128.04
€112.28
$161.72
kr16,973
+26.3%
Average +41.9%
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: February 2021
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