Iceland is 5.2% more expensive than Luxembourg.

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

pay 13.8% less for restaurants

 
Luxembourg
Iceland
Basic meal with drink at inexpensive restaurant $16.54
€14.50
$15.00
kr1,574
Fast food combo meal
McDonalds, or similar
$11.87
€10.41
$12.33
kr1,294
Bottle of Coca-Cola (11 fl. oz) $2.93
€2.57
$2.20
kr231

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pay 10.0% more for groceries

 
Luxembourg
Iceland
Bread
1 loaf
$2.51
€2.20
$3.14
kr330
Local cheese (8 oz) $7.65
€6.71
$5.86
kr615
Milk (1 gallon) $5.23
€4.59
$5.16
kr542

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pay 42.3% more for transportation

 
Luxembourg
Iceland
Gasoline (1 gallon) $5.15
€4.52
$7.21
kr757
Monthly public transit pass $36.82
€32.29
$85.09
kr8,930
New Volkswagen Golf 1.4 (standard edition) $25,510.69
€22,370.35
$27,857.83
kr2,923,679

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pay 12.6% less for housing

 
Luxembourg
Iceland
Internet connection
50 mbps or faster, cable/dsl
$49.59
€43.49
$66.89
kr7,020
1-Bedroom apartment in downtown area $1,573.92
€1,380.17
$1,349.42
kr141,621
1-Bedroom apartment outside city center $1,417.18
€1,242.72
$1,143.63
kr120,024

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pay 71.2% less for childcare

 
Luxembourg
Iceland
Private preschool for 1 child, monthly $894.55
€784.44
$277.52
kr29,126
Middle school for 1 child, two semesters $10,662.85
€9,350.26
$2,822.44
kr296,215

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pay 36.1% more for entertainment and sports

 
Luxembourg
Iceland
Domestic/local beer (1 pint) $4.77
€4.18
$7.85
kr824
Cappuccino in mid-range area $3.26
€2.86
$4.10
kr430
Pack of cigarettes
Marlboro or similar
$5.68
€4.98
$11.37
kr1,194

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pay 45.3% more for clothing

 
Luxembourg
Iceland
Regular jeans
Levi's brand
$83.06
€72.84
$117.41
kr12,322
Regular dress
from H&M or similar store
$44.88
€39.36
$55.13
kr5,786
Running shoes
Nike or Adidas
$90.23
€79.12
$156.49
kr16,424

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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: June 2022
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