Iceland vs. New Caledonia Cost of Living Summary

Iceland is 19.3% more expensive than New Caledonia overall.

Restaurants
pay 58.3% more in Iceland
Groceries
pay 14.5% less in Iceland
Transportation
pay 44.5% more in Iceland
Housing
pay 82.0% more in Iceland
Childcare
pay 58.0% less in Iceland
Entertainment and Sports
pay 6.1% more in Iceland
Clothing
pay 17.0% more in Iceland

The cost of housing, restaurants, transportation, clothing, and entertainment and sports in Iceland are more expensive than in New Caledonia. Expenses including childcare and groceries are lower in Iceland. Notably, housing is significantly more expensive in Iceland.

Iceland vs. New Caledonia Cost Breakdown

If you lived in Iceland instead of New Caledonia, you would:

pay 58.3% more for restaurants

 
New Caledonia
Iceland
Basic meal with drink at inexpensive restaurant $19.58
CFPF1,971
$26.52
ISK3,244
Fast food combo meal
McDonalds, or similar
$14.68
CFPF1,478
$21.32
ISK2,607
Bottle of Coca-Cola (11 fl. oz) $2.57
CFPF259
$3.11
ISK380

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pay 14.5% less for groceries

 
New Caledonia
Iceland
Bread
1 loaf
$2.90
CFPF292
$3.80
ISK465
Local cheese (8 oz) $15.50
CFPF1,560
$9.44
ISK1,154
Milk (1 gallon) $4.63
CFPF466
$7.78
ISK951

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pay 44.5% more for transportation

 
New Caledonia
Iceland
Gasoline (1 gallon) $6.29
CFPF634
$9.65
ISK1,181
Monthly public transit pass $87.11
CFPF8,769
$79.56
ISK9,731
New Volkswagen Golf 1.4 (standard edition) $31,076.13
CFPF3M
$49,144.25
ISK6M

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pay 82.0% more for housing

 
New Caledonia
Iceland
Internet connection
50 mbps or faster, cable/dsl
$51.39
CFPF5,173
$95.65
ISK11,699
1-Bedroom apartment in downtown area $856.43
CFPF86,217
$2,289.17
ISK280K
1-Bedroom apartment outside city center $783.02
CFPF78,827
$1,830.04
ISK224K

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pay 58.0% less for childcare

 
New Caledonia
Iceland
Private preschool for 1 child, monthly $796.07
CFPF80,141
$334.67
ISK40,933
Middle school for 1 child, two semesters ?? $30,711.08
ISK4M

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pay 6.1% more for entertainment and sports

 
New Caledonia
Iceland
Domestic/local beer (1 pint) $10.52
CFPF1,059
$11.14
ISK1,363
Cappuccino in mid-range area $4.91
CFPF495
$5.62
ISK688
Pack of cigarettes
Marlboro or similar
$20.36
CFPF2,050
$13.90
ISK1,700

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pay 17.0% more for clothing

 
New Caledonia
Iceland
Regular jeans
Levi's brand
$115.01
CFPF11,578
$130.91
ISK16,011
Regular dress
from H&M or similar store
$61.99
CFPF6,240
$61.83
ISK7,562
Running shoes
Nike or Adidas
$103.99
CFPF10,469
$163.81
ISK20,036

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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: February 2026
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