Cost of living comparison
Iceland is 3.8% more expensive than Luxembourg.
If you lived in Iceland instead of Luxembourg, you would:
pay 7.5% less for restaurants
|
Luxembourg
|
Iceland
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$18.47
€17.24
|
$17.84
kr2,513
|
|
|
Fast food combo meal
McDonalds, or similar
|
$12.80
€11.95
|
$14.27
kr2,010
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.82
€2.63
|
$2.32
kr327
|
|
| Bottle of water (11 fl. oz) |
$2.66
€2.48
|
$2.12
kr299
|
|
pay 1.5% more for groceries
|
Luxembourg
|
Iceland
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$2.85
€2.66
|
$3.42
kr482
|
|
| Local cheese (8 oz) |
$7.44
€6.95
|
$5.98
kr843
|
|
| Milk (1 gallon) |
$5.75
€5.37
|
$5.33
kr750
|
|
|
Eggs
1 dozen
|
$3.67
€3.43
|
$5.66
kr797
|
|
| Boneless chicken breast (1 lb) |
$5.92
€5.53
|
$7.09
kr999
|
|
| Apples (1 lb) |
$1.27
€1.19
|
$1.16
kr164
|
|
| Bananas (1 lb) |
$0.93
€0.86
|
$0.98
kr138
|
|
| Oranges (1 lb) |
$1.48
€1.38
|
$1.17
kr165
|
|
| Tomatoes (1 lb) |
$1.72
€1.60
|
$1.84
kr259
|
|
| Potatoes (1 lb) |
$0.84
€0.79
|
$0.96
kr135
|
|
| Onions (1 lb) |
$0.98
€0.92
|
$0.51
kr72
|
|
pay 59.5% more for transportation
|
Luxembourg
|
Iceland
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$6.08
€5.68
|
$8.03
kr1,132
|
|
| Monthly public transit pass |
$24.74
€23.09
|
$77.40
kr10,905
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$27,288.34
€25,470.94
|
$29,836.83
kr4,204,009
|
|
| Taxi trip in downtown area (5 miles) |
$28.68
€26.77
|
$23.97
kr3,377
|
|
pay 20.6% less for housing
|
Luxembourg
|
Iceland
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$55.88
€52.16
|
$62.40
kr8,793
|
|
| 1-Bedroom apartment in downtown area |
$1,700.62
€1,587.36
|
$1,437.14
kr202,493
|
|
| 1-Bedroom apartment outside city center |
$1,513.73
€1,412.91
|
$1,215.63
kr171,282
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$166.86
€155.75
|
$68.63
kr9,670
|
|
pay 73.8% less for childcare
|
Luxembourg
|
Iceland
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$865.49
€807.85
|
$259.34
kr36,542
|
|
| Middle school for 1 child, two semesters |
$12,306.85
€11,487.21
|
$2,750.10
kr387,489
|
|
pay 24.0% more for entertainment and sports
|
Luxembourg
|
Iceland
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$5.03
€4.69
|
$8.52
kr1,201
|
|
| Cappuccino in mid-range area |
$3.32
€3.10
|
$4.15
kr585
|
|
|
Pack of cigarettes
Marlboro or similar
|
$7.68
€7.17
|
$10.64
kr1,498
|
|
| Monthly membership at local gym |
$59.31
€55.36
|
$56.90
kr8,018
|
|
| Movie ticket to theater/cinema |
$13.50
€12.60
|
$12.27
kr1,729
|
|
pay 43.2% more for clothing
|
Luxembourg
|
Iceland
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$78.15
€72.94
|
$118.08
kr16,637
|
|
|
Regular dress
from H&M or similar store
|
$43.32
€40.43
|
$50.39
kr7,100
|
|
|
Running shoes
Nike or Adidas
|
$98.14
€91.60
|
$151.12
kr21,292
|
|
| Men's business shoes (leather) |
$115.79
€108.08
|
$175.20
kr24,685
|
|
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