Cost of living comparison
compared to
Iceland vs. Monaco Cost of Living Summary
Iceland is 20.6% cheaper than Monaco overall.
- Restaurants
-
pay 17.9% less in Iceland
- Groceries
-
pay 16.6% less in Iceland
- Transportation
-
pay 37.8% more in Iceland
- Housing
-
pay 50.8% less in Iceland
- Childcare
-
pay 46.6% less in Iceland
- Entertainment and Sports
-
pay 13.7% less in Iceland
- Clothing
-
pay 36.2% less in Iceland
Expenses including housing, childcare, clothing, restaurants, groceries, and entertainment and sports are lower in Iceland.
Iceland vs. Monaco Cost Breakdown
If you lived in Iceland instead of Monaco, you would:
pay 17.9% less for restaurants
|
Monaco
|
Iceland
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$39.76
€33.95
|
$26.52
ISK3,332
|
|
|
Fast food combo meal
McDonalds, or similar
|
$11.60
€9.90
|
$21.32
ISK2,678
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$6.54
€5.59
|
$3.11
ISK391
|
|
| Bottle of water (11 fl. oz) |
$9.00
€7.69
|
$2.72
ISK342
|
|
Monaco vs. Iceland - Cost of restaurants
pay 16.6% less for groceries
|
Monaco
|
Iceland
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$4.78
€4.08
|
$3.80
ISK478
|
|
| Local cheese (8 oz) |
$11.68
€9.97
|
$9.44
ISK1,186
|
|
| Milk (1 gallon) |
$7.92
€6.76
|
$7.78
ISK977
|
|
|
Eggs
1 dozen
|
$5.24
€4.48
|
$6.71
ISK843
|
|
| Boneless chicken breast (1 lb) |
$7.89
€6.74
|
$11.22
ISK1,409
|
|
| Apples (1 lb) |
$2.06
€1.76
|
$1.50
ISK188
|
|
| Bananas (1 lb) |
$2.52
€2.15
|
$1.15
ISK144
|
|
| Oranges (1 lb) |
$2.27
€1.93
|
$1.41
ISK178
|
|
| Tomatoes (1 lb) |
$3.07
€2.62
|
$2.34
ISK294
|
|
| Potatoes (1 lb) |
$2.15
€1.84
|
$1.65
ISK207
|
|
| Onions (1 lb) |
$1.99
€1.70
|
$1.09
ISK137
|
|
Monaco vs. Iceland - Cost of groceries
pay 37.8% more for transportation
|
Monaco
|
Iceland
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$9.23
€7.88
|
$9.65
ISK1,213
|
|
| Monthly public transit pass |
$32.41
€27.68
|
$79.56
ISK9,995
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$53,574.22
€45,744.99
|
$49,144.25
ISK6,173,992
|
|
| Taxi trip in downtown area (5 miles) |
$23.36
€19.95
|
$25.55
ISK3,210
|
|
Monaco vs. Iceland - Cost of transportation
pay 50.8% less for housing
|
Monaco
|
Iceland
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$83.51
€71.31
|
$95.65
ISK12,016
|
|
| 1-Bedroom apartment in downtown area |
$8,162.46
€6,969.62
|
$2,289.17
ISK287,588
|
|
| 1-Bedroom apartment outside city center |
$5,372.75
€4,587.59
|
$1,830.04
ISK229,909
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$318.65
€272.08
|
$65.15
ISK8,185
|
|
Monaco vs. Iceland - Cost of housing
pay 46.6% less for childcare
|
Monaco
|
Iceland
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$3,007.57
€2,568.05
|
$334.67
ISK42,044
|
|
| Middle school for 1 child, two semesters |
$32,046.71
€27,363.47
|
$30,711.08
ISK3,858,233
|
|
Monaco vs. Iceland - Cost of childcare
pay 13.7% less for entertainment and sports
|
Monaco
|
Iceland
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$10.22
€8.73
|
$11.14
ISK1,400
|
|
| Cappuccino in mid-range area |
$5.37
€4.59
|
$5.62
ISK707
|
|
|
Pack of cigarettes
Marlboro or similar
|
$13.72
€11.72
|
$13.90
ISK1,746
|
|
| Monthly membership at local gym |
$558.45
€476.83
|
$78.17
ISK9,821
|
|
| Movie ticket to theater/cinema |
$16.35
€13.96
|
$16.75
ISK2,105
|
|
Monaco vs. Iceland - Cost of entertainment and sports
pay 36.2% less for clothing
|
Monaco
|
Iceland
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$211.84
€180.89
|
$130.91
ISK16,446
|
|
|
Regular dress
from H&M or similar store
|
$87.40
€74.63
|
$61.83
ISK7,768
|
|
|
Running shoes
Nike or Adidas
|
$221.48
€189.11
|
$163.81
ISK20,580
|
|
| Men's business shoes (leather) |
$487.05
€415.87
|
$237.31
ISK29,813
|
|
Monaco 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
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