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
€17.32
|
$17.84
kr2,506
|
|
Fast food combo meal
McDonalds, or similar
|
$12.80
€12.01
|
$14.27
kr2,005
|
|
Bottle of Coca-Cola (11 fl. oz) |
$2.82
€2.65
|
$2.32
kr326
|
|
Bottle of water (11 fl. oz) |
$2.66
€2.49
|
$2.12
kr298
|
|
pay 1.5% more for groceries
Luxembourg
|
Iceland
|
||
---|---|---|---|
Bread
1 loaf
|
$2.85
€2.67
|
$3.42
kr481
|
|
Local cheese (8 oz) |
$7.44
€6.98
|
$5.98
kr841
|
|
Milk (1 gallon) |
$5.75
€5.40
|
$5.33
kr748
|
|
Eggs
1 dozen
|
$3.67
€3.45
|
$5.66
kr795
|
|
Boneless chicken breast (1 lb) |
$5.92
€5.56
|
$7.09
kr997
|
|
Apples (1 lb) |
$1.27
€1.19
|
$1.16
kr163
|
|
Bananas (1 lb) |
$0.93
€0.87
|
$0.98
kr138
|
|
Oranges (1 lb) |
$1.48
€1.38
|
$1.17
kr165
|
|
Tomatoes (1 lb) |
$1.72
€1.61
|
$1.84
kr258
|
|
Potatoes (1 lb) |
$0.84
€0.79
|
$0.96
kr134
|
|
Onions (1 lb) |
$0.98
€0.92
|
$0.51
kr72
|
|
pay 59.5% more for transportation
Luxembourg
|
Iceland
|
||
---|---|---|---|
Gasoline (1 gallon) |
$6.08
€5.71
|
$8.03
kr1,129
|
|
Monthly public transit pass |
$24.74
€23.21
|
$77.40
kr10,876
|
|
New Volkswagen Golf 1.4 (standard edition) |
$27,288.34
€25,603.28
|
$29,836.83
kr4,192,672
|
|
Taxi trip in downtown area (5 miles) |
$28.68
€26.91
|
$23.97
kr3,368
|
|
pay 20.6% less for housing
Luxembourg
|
Iceland
|
||
---|---|---|---|
Internet connection
50 mbps or faster, cable/dsl
|
$55.88
€52.43
|
$62.40
kr8,769
|
|
1-Bedroom apartment in downtown area |
$1,700.62
€1,595.61
|
$1,437.14
kr201,947
|
|
1-Bedroom apartment outside city center |
$1,513.73
€1,420.26
|
$1,215.63
kr170,820
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$166.86
€156.56
|
$68.63
kr9,644
|
|
pay 73.8% less for childcare
Luxembourg
|
Iceland
|
||
---|---|---|---|
Private preschool for 1 child, monthly |
$865.49
€812.05
|
$259.34
kr36,443
|
|
Middle school for 1 child, two semesters |
$12,306.85
€11,546.90
|
$2,750.10
kr386,444
|
|
pay 24.0% more for entertainment and sports
Luxembourg
|
Iceland
|
||
---|---|---|---|
Domestic/local beer (1 pint) |
$5.03
€4.72
|
$8.52
kr1,198
|
|
Cappuccino in mid-range area |
$3.32
€3.12
|
$4.15
kr584
|
|
Pack of cigarettes
Marlboro or similar
|
$7.68
€7.20
|
$10.64
kr1,494
|
|
Monthly membership at local gym |
$59.31
€55.64
|
$56.90
kr7,996
|
|
Movie ticket to theater/cinema |
$13.50
€12.67
|
$12.27
kr1,725
|
|
pay 43.2% more for clothing
Luxembourg
|
Iceland
|
||
---|---|---|---|
Regular jeans
Levi's brand
|
$78.15
€73.32
|
$118.08
kr16,592
|
|
Regular dress
from H&M or similar store
|
$43.32
€40.64
|
$50.39
kr7,081
|
|
Running shoes
Nike or Adidas
|
$98.14
€92.08
|
$151.12
kr21,235
|
|
Men's business shoes (leather) |
$115.79
€108.64
|
$175.20
kr24,619
|
|
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