Cost of living comparison

compared to

Iceland vs. Lithuania Cost of Living Summary

Iceland is 2.2 times more expensive than Lithuania overall.

Restaurants: pay 94.3% more in Iceland
Groceries: pay 2.3 times more in Iceland
Transportation: pay 84.8% more in Iceland
Housing: pay 3.9 times more in Iceland
Childcare: pay 91.2% more in Iceland
Entertainment and Sports: pay 98.8% more in Iceland
Clothing: pay 52.7% more in Iceland

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

Iceland vs. Lithuania Cost Breakdown

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

Display currency: USD

pay 94.3% more for restaurants

	Lithuania	Iceland
Basic meal with drink at inexpensive restaurant	$11.94 €10.30	$26.52 ISK3,296	+122.1%
Fast food combo meal McDonalds, or similar	$7.92 €6.83	$21.32 ISK2,649	+169.3%
Bottle of Coca-Cola (11 fl. oz)	$2.25 €1.94	$3.11 ISK386	+38.1%
Bottle of water (11 fl. oz)	$1.84 €1.59	$2.72 ISK338	+47.6%
Average			+94.3%

Lithuania vs. Iceland - Cost of restaurants

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pay 2.3 times more for groceries

	Lithuania	Iceland
Bread 1 loaf	$1.64 €1.42	$3.80 ISK473	+131.2%
Local cheese (8 oz)	$5.83 €5.03	$9.44 ISK1,173	+61.8%
Milk (1 gallon)	$5.21 €4.50	$7.78 ISK967	+49.3%
Eggs 1 dozen	$3.03 €2.62	$6.71 ISK834	+121.3%
Boneless chicken breast (1 lb)	$2.90 €2.50	$11.22 ISK1,394	+287.3%
Apples (1 lb)	$0.65 €0.56	$1.50 ISK186	+130.2%
Bananas (1 lb)	$0.73 €0.63	$1.15 ISK142	+56.6%
Oranges (1 lb)	$0.87 €0.75	$1.41 ISK176	+63.3%
Tomatoes (1 lb)	$1.41 €1.21	$2.34 ISK291	+66.3%
Potatoes (1 lb)	$0.38 €0.33	$1.65 ISK205	+335.7%
Onions (1 lb)	$0.42 €0.36	$1.09 ISK136	+162.7%
Average			+133.2%

Lithuania vs. Iceland - Cost of groceries

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pay 84.8% more for transportation

	Lithuania	Iceland
Gasoline (1 gallon)	$6.28 €5.42	$9.65 ISK1,200	+53.7%
Monthly public transit pass	$33.69 €29.07	$79.56 ISK9,887	+136.2%
New Volkswagen Golf 1.4 (standard edition)	$38,407.17 €33,145.35	$49,144.25 ISK6M	+28.0%
Taxi trip in downtown area (5 miles)	$11.55 €9.97	$25.55 ISK3,176	+121.3%
Average			+84.8%

Lithuania vs. Iceland - Cost of transportation

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pay 3.9 times more for housing

	Lithuania	Iceland
Internet connection 50 mbps or faster, cable/dsl	$15.51 €13.38	$95.65 ISK11,886	+516.7%
1-Bedroom apartment in downtown area	$567.85 €490.05	$2,289.17 ISK284K	+303.1%
1-Bedroom apartment outside city center	$376.46 €324.88	$1,830.04 ISK227K	+386.1%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$170.23 €146.91	$65.15 ISK8,096	-61.7%
Average			+286.1%

Lithuania vs. Iceland - Cost of housing

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pay 91.2% more for childcare

	Lithuania	Iceland
Private preschool for 1 child, monthly	$525.49 €453.50	$334.67 ISK41,589	-36.3%
Middle school for 1 child, two semesters	$9,633.71 €8,313.88	$30,711.08 ISK4M	+218.8%
Average			+91.2%

Lithuania vs. Iceland - Cost of childcare

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pay 98.8% more for entertainment and sports

	Lithuania	Iceland
Domestic/local beer (1 pint)	$5.03 €4.34	$11.14 ISK1,385	+121.5%
Cappuccino in mid-range area	$3.25 €2.80	$5.62 ISK699	+73.2%
Pack of cigarettes Marlboro or similar	$5.71 €4.93	$13.90 ISK1,727	+143.4%
Monthly membership at local gym	$44.40 €38.32	$78.17 ISK9,714	+76.1%
Movie ticket to theater/cinema	$9.30 €8.03	$16.75 ISK2,082	+80.0%
Average			+98.8%

Lithuania vs. Iceland - Cost of entertainment and sports

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pay 52.7% more for clothing

	Lithuania	Iceland
Regular jeans Levi's brand	$103.62 €89.42	$130.91 ISK16,268	+26.3%
Regular dress from H&M or similar store	$39.16 €33.79	$61.83 ISK7,684	+57.9%
Running shoes Nike or Adidas	$92.78 €80.07	$163.81 ISK20,357	+76.6%
Men's business shoes (leather)	$158.30 €136.62	$237.31 ISK29,491	+49.9%
Average			+52.7%

Lithuania 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: March 2026

Compare further: Lithuania vs. Iceland

Quality of Life Comparison · 12 statistics

Be 57.9% less likely to live below the poverty line in Iceland

Size Comparison · See true size

Lithuania is about 1.6 times smaller than Iceland.

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