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:
pay 94.3% more for restaurants
|
Lithuania
|
Iceland
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$11.94
€10.17
|
$26.52
ISK3,352
|
|
|
Fast food combo meal
McDonalds, or similar
|
$7.92
€6.74
|
$21.32
ISK2,694
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.25
€1.92
|
$3.11
ISK393
|
|
| Bottle of water (11 fl. oz) |
$1.84
€1.57
|
$2.72
ISK344
|
|
Lithuania vs. Iceland - Cost of restaurants
pay 2.3 times more for groceries
|
Lithuania
|
Iceland
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$1.64
€1.40
|
$3.80
ISK481
|
|
| Local cheese (8 oz) |
$5.83
€4.97
|
$9.44
ISK1,193
|
|
| Milk (1 gallon) |
$5.21
€4.44
|
$7.78
ISK983
|
|
|
Eggs
1 dozen
|
$3.03
€2.58
|
$6.71
ISK848
|
|
| Boneless chicken breast (1 lb) |
$2.90
€2.47
|
$11.22
ISK1,418
|
|
| Apples (1 lb) |
$0.65
€0.55
|
$1.50
ISK189
|
|
| Bananas (1 lb) |
$0.73
€0.62
|
$1.15
ISK145
|
|
| Oranges (1 lb) |
$0.87
€0.74
|
$1.41
ISK179
|
|
| Tomatoes (1 lb) |
$1.41
€1.20
|
$2.34
ISK296
|
|
| Potatoes (1 lb) |
$0.38
€0.32
|
$1.65
ISK208
|
|
| Onions (1 lb) |
$0.42
€0.35
|
$1.09
ISK138
|
|
Lithuania vs. Iceland - Cost of groceries
pay 84.8% more for transportation
|
Lithuania
|
Iceland
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$6.28
€5.35
|
$9.65
ISK1,220
|
|
| Monthly public transit pass |
$33.69
€28.70
|
$79.56
ISK10,056
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$38,407.17
€32,723.14
|
$49,144.25
ISK6,211,833
|
|
| Taxi trip in downtown area (5 miles) |
$11.55
€9.84
|
$25.55
ISK3,230
|
|
Lithuania vs. Iceland - Cost of transportation
pay 3.9 times more for housing
|
Lithuania
|
Iceland
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$15.51
€13.21
|
$95.65
ISK12,090
|
|
| 1-Bedroom apartment in downtown area |
$567.85
€483.81
|
$2,289.17
ISK289,351
|
|
| 1-Bedroom apartment outside city center |
$376.46
€320.74
|
$1,830.04
ISK231,318
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$170.23
€145.03
|
$65.15
ISK8,235
|
|
Lithuania vs. Iceland - Cost of housing
pay 91.2% more for childcare
|
Lithuania
|
Iceland
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$525.49
€447.72
|
$334.67
ISK42,302
|
|
| Middle school for 1 child, two semesters |
$9,633.71
€8,207.98
|
$30,711.08
ISK3,881,881
|
|
Lithuania vs. Iceland - Cost of childcare
pay 98.8% more for entertainment and sports
|
Lithuania
|
Iceland
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$5.03
€4.28
|
$11.14
ISK1,408
|
|
| Cappuccino in mid-range area |
$3.25
€2.77
|
$5.62
ISK711
|
|
|
Pack of cigarettes
Marlboro or similar
|
$5.71
€4.87
|
$13.90
ISK1,756
|
|
| Monthly membership at local gym |
$44.40
€37.83
|
$78.17
ISK9,881
|
|
| Movie ticket to theater/cinema |
$9.30
€7.93
|
$16.75
ISK2,118
|
|
Lithuania vs. Iceland - Cost of entertainment and sports
pay 52.7% more for clothing
|
Lithuania
|
Iceland
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$103.62
€88.28
|
$130.91
ISK16,546
|
|
|
Regular dress
from H&M or similar store
|
$39.16
€33.36
|
$61.83
ISK7,815
|
|
|
Running shoes
Nike or Adidas
|
$92.78
€79.05
|
$163.81
ISK20,706
|
|
| Men's business shoes (leather) |
$158.30
€134.88
|
$237.31
ISK29,996
|
|
Lithuania 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 Lithuania. It's a free, question-and-answer based forum to discuss what life is like in countries and cities around the world.