Cost of living comparison

compared to

Iceland vs. Montevideo Cost of Living Summary

Iceland is 71.4% more expensive than Montevideo.

Restaurants: pay 54.9% more in Iceland
Groceries: pay 46.6% more in Iceland
Transportation: pay 19.6% more in Iceland
Housing: pay 2.4 times more in Iceland
Childcare: pay 2.0 times more in Iceland
Entertainment and Sports: pay 86.6% more in Iceland
Clothing: pay 46.4% more in Iceland

The cost of housing, childcare, entertainment and sports, restaurants, groceries, and clothing in Iceland are more expensive than in Montevideo. Notably, housing, childcare, and entertainment and sports are significantly more expensive in Iceland.

Iceland vs. Montevideo Cost Breakdown

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

Display currency: USD

pay 54.9% more for restaurants

	Montevideo	Iceland
Basic meal with drink at inexpensive restaurant	$16.42 UYU643.58	$26.52 ISK3,332	+61.5%
Fast food combo meal McDonalds, or similar	$12.53 UYU491.28	$21.32 ISK2,678	+70.1%
Bottle of Coca-Cola (11 fl. oz)	$2.31 UYU90.47	$3.11 ISK391	+34.7%
Bottle of water (11 fl. oz)	$1.77 UYU69.48	$2.72 ISK342	+53.4%
Average			+54.9%

Montevideo vs. Iceland - Cost of restaurants

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pay 46.6% more for groceries

	Montevideo	Iceland
Bread 1 loaf	$2.94 UYU115.05	$3.80 ISK478	+29.5%
Local cheese (8 oz)	$7.00 UYU274.52	$9.44 ISK1,186	+34.8%
Milk (1 gallon)	$4.80 UYU188.24	$7.78 ISK977	+62.0%
Eggs 1 dozen	$4.94 UYU193.57	$6.71 ISK843	+35.9%
Boneless chicken breast (1 lb)	$5.07 UYU198.63	$11.22 ISK1,409	+121.4%
Apples (1 lb)	$1.43 UYU56.18	$1.50 ISK188	+4.4%
Bananas (1 lb)	$1.18 UYU46.14	$1.15 ISK144	-2.6%
Oranges (1 lb)	$0.68 UYU26.58	$1.41 ISK178	+108.5%
Tomatoes (1 lb)	$1.69 UYU66.05	$2.34 ISK294	+38.9%
Potatoes (1 lb)	$1.01 UYU39.50	$1.65 ISK207	+63.5%
Onions (1 lb)	$0.94 UYU37.02	$1.09 ISK137	+15.8%
Average			+46.6%

Montevideo vs. Iceland - Cost of groceries

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pay 19.6% more for transportation

	Montevideo	Iceland
Gasoline (1 gallon)	$7.23 UYU283.43	$9.65 ISK1,213	+33.5%
Monthly public transit pass	$63.92 UYU2,505.55	$79.56 ISK9,995	+24.5%
New Volkswagen Golf 1.4 (standard edition)	$36,550.20 UYU1,432,731.09	$49,144.25 ISK6,173,992	+34.5%
Taxi trip in downtown area (5 miles)	$29.69 UYU1,163.85	$25.55 ISK3,210	-13.9%
Average			+19.6%

Montevideo vs. Iceland - Cost of transportation

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pay 2.4 times more for housing

	Montevideo	Iceland
Internet connection 50 mbps or faster, cable/dsl	$49.85 UYU1,954.19	$95.65 ISK12,016	+91.9%
1-Bedroom apartment in downtown area	$629.84 UYU24,689.25	$2,289.17 ISK287,588	+263.4%
1-Bedroom apartment outside city center	$497.62 UYU19,506.22	$1,830.04 ISK229,909	+267.8%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$146.70 UYU5,750.33	$65.15 ISK8,185	-55.6%
Average			+141.9%

Montevideo vs. Iceland - Cost of housing

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pay 2.0 times more for childcare

	Montevideo	Iceland
Private preschool for 1 child, monthly	$480.09 UYU18,819.13	$334.67 ISK42,044	-30.3%
Middle school for 1 child, two semesters	$9,099.48 UYU356,690.44	$30,711.08 ISK3,858,233	+237.5%
Average			+103.6%

Montevideo vs. Iceland - Cost of childcare

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pay 86.6% more for entertainment and sports

	Montevideo	Iceland
Domestic/local beer (1 pint)	$4.51 UYU176.86	$11.14 ISK1,400	+146.9%
Cappuccino in mid-range area	$4.39 UYU172.13	$5.62 ISK707	+28.1%
Pack of cigarettes Marlboro or similar	$5.26 UYU206.34	$13.90 ISK1,746	+164.0%
Monthly membership at local gym	$56.36 UYU2,209.09	$78.17 ISK9,821	+38.7%
Movie ticket to theater/cinema	$10.78 UYU422.50	$16.75 ISK2,105	+55.4%
Average			+86.6%

Montevideo vs. Iceland - Cost of entertainment and sports

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pay 46.4% more for clothing

	Montevideo	Iceland
Regular jeans Levi's brand	$99.79 UYU3,911.86	$130.91 ISK16,446	+31.2%
Regular dress from H&M or similar store	$49.02 UYU1,921.71	$61.83 ISK7,768	+26.1%
Running shoes Nike or Adidas	$116.65 UYU4,572.52	$163.81 ISK20,580	+40.4%
Men's business shoes (leather)	$126.41 UYU4,955.09	$237.31 ISK29,813	+87.7%
Average			+46.4%

Montevideo vs. Iceland - Cost of clothing

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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: December 2025

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