Iceland is 14.0% more expensive than Minnesota.

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

Display currency: USD

pay 27.4% more for restaurants

 
Minnesota
Iceland
Basic meal with drink at inexpensive restaurant $16.19
 
$19.51
ISK2,699
Fast food combo meal
McDonalds, or similar
$9.21
 
$16.45
ISK2,275
Bottle of Coca-Cola (11 fl. oz) $2.34
 
$2.70
ISK374

Improve prices ·

pay 4.0% more for groceries

 
Minnesota
Iceland
Bread
1 loaf
$3.02
 
$3.16
ISK436
Local cheese (8 oz) $5.19
 
$6.72
ISK929
Milk (1 gallon) $3.73
 
$6.27
ISK867

Improve prices ·

pay 58.2% more for transportation

 
Minnesota
Iceland
Gasoline (1 gallon) $3.32
 
$8.42
ISK1,164
Monthly public transit pass $81.80
 
$68.29
ISK9,444
New Volkswagen Golf 1.4 (standard edition) $31,555.83
 
$39,714.69
ISK5,492,145

Improve prices ·

pay 5.3% more for housing

 
Minnesota
Iceland
Internet connection
50 mbps or faster, cable/dsl
$69.49
 
$74.47
ISK10,299
1-Bedroom apartment in downtown area $1,150.42
 
$1,518.94
ISK210,054
1-Bedroom apartment outside city center $1,048.32
 
$1,325.48
ISK183,300

Improve prices ·

pay 75.8% less for childcare

 
Minnesota
Iceland
Private preschool for 1 child, monthly $1,180.79
 
$254.97
ISK35,259
Middle school for 1 child, two semesters $22,406.29
 
$5,993.83
ISK828,886

Improve prices ·

pay 21.0% more for entertainment and sports

 
Minnesota
Iceland
Domestic/local beer (1 pint) $5.47
 
$9.37
ISK1,296
Cappuccino in mid-range area $5.35
 
$4.61
ISK638
Pack of cigarettes
Marlboro or similar
$9.86
 
$11.22
ISK1,551

Improve prices ·

pay 57.7% more for clothing

 
Minnesota
Iceland
Regular jeans
Levi's brand
$53.27
 
$108.23
ISK14,967
Regular dress
from H&M or similar store
$51.18
 
$59.73
ISK8,260
Running shoes
Nike or Adidas
$88.68
 
$146.94
ISK20,320

Improve prices ·
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: May 2024
Share this

ASK THE ELSEWHERE COMMUNITY

Join the Elsewhere community and ask a question about Iceland or Minnesota. It's a free, question-and-answer based forum to discuss what life is like in countries and cities around the world.

Compare countries by overall cost of living

See the cost of living in United States vs. Iceland. This provides a comparison of the average cost of living from cities within United States and Iceland.

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