Cost of living comparison
compared to
Iceland vs. Luxembourg Cost of Living Summary
Iceland is 24.2% more expensive than Luxembourg overall.
- Restaurants
-
pay 11.6% more in Iceland
- Groceries
-
pay 11.5% more in Iceland
- Transportation
-
pay 15.2% more in Iceland
- Housing
-
pay 2.4% less in Iceland
- Childcare
-
pay 16.8% more in Iceland
- Entertainment and Sports
-
pay 67.3% more in Iceland
- Clothing
-
pay 49.4% more in Iceland
The cost of entertainment and sports, clothing, childcare, transportation, restaurants, and groceries in Iceland are more expensive than in Luxembourg.
Iceland vs. Luxembourg Cost Breakdown
If you lived in Iceland instead of Luxembourg, you would:
pay 11.6% more for restaurants
|
Luxembourg
|
Iceland
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$21.02
€18.13
|
$26.52
ISK3,394
|
|
|
Fast food combo meal
McDonalds, or similar
|
$14.60
€12.59
|
$21.32
ISK2,728
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$3.35
€2.89
|
$3.11
ISK398
|
|
| Bottle of water (11 fl. oz) |
$3.34
€2.88
|
$2.72
ISK348
|
|
Luxembourg vs. Iceland - Cost of restaurants
pay 11.5% more for groceries
|
Luxembourg
|
Iceland
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$3.56
€3.07
|
$3.80
ISK487
|
|
| Local cheese (8 oz) |
$11.01
€9.50
|
$9.44
ISK1,208
|
|
| Milk (1 gallon) |
$5.99
€5.17
|
$7.78
ISK996
|
|
|
Eggs
1 dozen
|
$4.79
€4.13
|
$6.71
ISK859
|
|
| Boneless chicken breast (1 lb) |
$9.00
€7.76
|
$11.22
ISK1,436
|
|
| Apples (1 lb) |
$1.44
€1.24
|
$1.50
ISK191
|
|
| Bananas (1 lb) |
$0.98
€0.84
|
$1.15
ISK147
|
|
| Oranges (1 lb) |
$1.51
€1.30
|
$1.41
ISK181
|
|
| Tomatoes (1 lb) |
$1.94
€1.67
|
$2.34
ISK300
|
|
| Potatoes (1 lb) |
$1.32
€1.14
|
$1.65
ISK211
|
|
| Onions (1 lb) |
$1.38
€1.19
|
$1.09
ISK140
|
|
Luxembourg vs. Iceland - Cost of groceries
pay 15.2% more for transportation
|
Luxembourg
|
Iceland
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$6.87
€5.93
|
$9.65
ISK1,235
|
|
| Monthly public transit pass | ?? |
$79.56
ISK10,182
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$35,039.69
€30,215.67
|
$49,144.25
ISK6,289,481
|
|
| Taxi trip in downtown area (5 miles) |
$39.32
€33.91
|
$25.55
ISK3,270
|
|
Luxembourg vs. Iceland - Cost of transportation
pay 2.4% less for housing
|
Luxembourg
|
Iceland
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$61.65
€53.16
|
$95.65
ISK12,241
|
|
| 1-Bedroom apartment in downtown area |
$2,112.86
€1,821.98
|
$2,289.17
ISK292,968
|
|
| 1-Bedroom apartment outside city center |
$1,975.30
€1,703.36
|
$1,830.04
ISK234,209
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$190.21
€164.03
|
$65.15
ISK8,338
|
|
Luxembourg vs. Iceland - Cost of housing
pay 16.8% more for childcare
|
Luxembourg
|
Iceland
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$1,574.70
€1,357.91
|
$334.67
ISK42,830
|
|
| Middle school for 1 child, two semesters |
$14,470.09
€12,477.95
|
$30,711.08
ISK3,930,404
|
|
Luxembourg vs. Iceland - Cost of childcare
pay 67.3% more for entertainment and sports
|
Luxembourg
|
Iceland
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$5.31
€4.58
|
$11.14
ISK1,426
|
|
| Cappuccino in mid-range area |
$4.63
€3.99
|
$5.62
ISK720
|
|
|
Pack of cigarettes
Marlboro or similar
|
$7.01
€6.04
|
$13.90
ISK1,778
|
|
| Monthly membership at local gym |
$38.93
€33.57
|
$78.17
ISK10,004
|
|
| Movie ticket to theater/cinema |
$15.77
€13.60
|
$16.75
ISK2,144
|
|
Luxembourg vs. Iceland - Cost of entertainment and sports
pay 49.4% more for clothing
|
Luxembourg
|
Iceland
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$88.28
€76.12
|
$130.91
ISK16,753
|
|
|
Regular dress
from H&M or similar store
|
$43.70
€37.69
|
$61.83
ISK7,913
|
|
|
Running shoes
Nike or Adidas
|
$116.21
€100.21
|
$163.81
ISK20,965
|
|
| Men's business shoes (leather) |
$142.30
€122.71
|
$237.31
ISK30,371
|
|
Luxembourg 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 Luxembourg. It's a free, question-and-answer based forum to discuss what life is like in countries and cities around the world.