Cost of living comparison

compared to

Iceland vs. Nepal Cost of Living Summary

Iceland is 8.4 times more expensive than Nepal overall.

Restaurants: pay 10.8 times more in Iceland
Groceries: pay 5.1 times more in Iceland
Transportation: pay 3.3 times more in Iceland
Housing: pay 19.7 times more in Iceland
Childcare: pay 9.5 times more in Iceland
Entertainment and Sports: pay 5.0 times more in Iceland
Clothing: pay 5.1 times more in Iceland

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

Iceland vs. Nepal Cost Breakdown

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

Display currency: USD

pay 10.8 times more for restaurants

	Nepal	Iceland
Basic meal with drink at inexpensive restaurant	$1.72 NPR260.56	$26.52 ISK3,301	+1438.5%
Fast food combo meal McDonalds, or similar	$6.09 NPR920.06	$21.32 ISK2,654	+250.2%
Bottle of Coca-Cola (11 fl. oz)	$0.47 NPR70.78	$3.11 ISK387	+564.2%
Bottle of water (11 fl. oz)	$0.15 NPR23.27	$2.72 ISK339	+1666.4%
Average			+979.8%

Nepal vs. Iceland - Cost of restaurants

Improve prices · Change currency (USD)

pay 5.1 times more for groceries

	Nepal	Iceland
Bread 1 loaf	$0.46 NPR69.92	$3.80 ISK473	+722.1%
Local cheese (8 oz)	$3.17 NPR479.77	$9.44 ISK1,175	+197.3%
Milk (1 gallon)	$2.73 NPR413.36	$7.78 ISK968	+184.4%
Eggs 1 dozen	$1.57 NPR237.64	$6.71 ISK835	+326.7%
Boneless chicken breast (1 lb)	$1.34 NPR203.23	$11.22 ISK1,396	+734.3%
Apples (1 lb)	$0.93 NPR140.81	$1.50 ISK186	+60.5%
Bananas (1 lb)	$0.39 NPR58.40	$1.15 ISK143	+196.7%
Oranges (1 lb)	$0.50 NPR75.37	$1.41 ISK176	+183.6%
Tomatoes (1 lb)	$0.26 NPR39.60	$2.34 ISK291	+793.4%
Potatoes (1 lb)	$0.18 NPR27.65	$1.65 ISK205	+800.6%
Onions (1 lb)	$0.25 NPR38.46	$1.09 ISK136	+329.7%
Average			+411.8%

Nepal vs. Iceland - Cost of groceries

Improve prices · Change currency (USD)

pay 3.3 times more for transportation

	Nepal	Iceland
Gasoline (1 gallon)	$4.54 NPR686.32	$9.65 ISK1,202	+112.6%
Monthly public transit pass	$11.71 NPR1,769.37	$79.56 ISK9,904	+579.7%
New Volkswagen Golf 1.4 (standard edition)	$28,860.29 NPR4M	$49,144.25 ISK6M	+70.3%
Taxi trip in downtown area (5 miles)	$9.69 NPR1,465.25	$25.55 ISK3,181	+163.6%
Average			+231.6%

Nepal vs. Iceland - Cost of transportation

Improve prices · Change currency (USD)

pay 19.7 times more for housing

	Nepal	Iceland
Internet connection 50 mbps or faster, cable/dsl	$8.21 NPR1,240.80	$95.65 ISK11,906	+1065.2%
1-Bedroom apartment in downtown area	$80.01 NPR12,093.51	$2,289.17 ISK285K	+2761.2%
1-Bedroom apartment outside city center	$52.43 NPR7,924.70	$1,830.04 ISK228K	+3390.6%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$18.56 NPR2,805.50	$65.15 ISK8,110	+251.0%
Average			+1867.0%

Nepal vs. Iceland - Cost of housing

Improve prices · Change currency (USD)

pay 9.5 times more for childcare

	Nepal	Iceland
Private preschool for 1 child, monthly	$52.04 NPR7,865.52	$334.67 ISK41,659	+543.1%
Middle school for 1 child, two semesters	$2,428.89 NPR367K	$30,711.08 ISK4M	+1164.4%
Average			+853.8%

Nepal vs. Iceland - Cost of childcare

Improve prices · Change currency (USD)

pay 5.0 times more for entertainment and sports

	Nepal	Iceland
Domestic/local beer (1 pint)	$2.16 NPR325.81	$11.14 ISK1,387	+416.9%
Cappuccino in mid-range area	$1.40 NPR211.94	$5.62 ISK700	+301.2%
Pack of cigarettes Marlboro or similar	$2.59 NPR392.23	$13.90 ISK1,730	+435.5%
Monthly membership at local gym	$17.84 NPR2,696.85	$78.17 ISK9,731	+338.2%
Movie ticket to theater/cinema	$2.74 NPR414.15	$16.75 ISK2,085	+511.4%
Average			+400.6%

Nepal vs. Iceland - Cost of entertainment and sports

Improve prices · Change currency (USD)

pay 5.1 times more for clothing

	Nepal	Iceland
Regular jeans Levi's brand	$20.52 NPR3,101.29	$130.91 ISK16,295	+538.0%
Regular dress from H&M or similar store	$24.55 NPR3,711.39	$61.83 ISK7,697	+151.8%
Running shoes Nike or Adidas	$41.57 NPR6,284.17	$163.81 ISK20,392	+294.0%
Men's business shoes (leather)	$30.69 NPR4,638.62	$237.31 ISK29,541	+673.3%
Average			+414.3%

Nepal vs. Iceland - Cost of clothing

Improve prices · Change currency (USD)

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: March 2026

Compare further: Nepal vs. Iceland

Quality of Life Comparison · 10 statistics

Make 14.1 times more money in Iceland

Size Comparison · See true size

Nepal is about 1.4 times bigger than Iceland.

More cost comparisons

Nepal vs.

Austria

Nepal vs.

Greece

Nepal vs.

United Kingdom

Nepal vs.

Egypt

Nepal vs.

Peru

Nepal vs.

Germany

Nepal vs.

Ukraine

Nepal vs.

United States

Share this

Compare by city

For example, try comparing the cost of living in Kathmandu vs. Reykjavik

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

Add prices for Nepal

Add prices for Iceland

Ask the Elsewhere Community

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