Cost of living comparison
compared to
Iceland vs. New Jersey Cost of Living Summary
Iceland is 24.6% more expensive than New Jersey.
- Restaurants
-
pay 39.5% more in Iceland
- Groceries
-
pay 8.6% more in Iceland
- Transportation
-
pay 61.3% more in Iceland
- Housing
-
pay 0.3% more in Iceland
- Childcare
-
pay 35.5% less in Iceland
- Entertainment and Sports
-
pay 25.2% more in Iceland
- Clothing
-
pay 72.8% more in Iceland
The cost of clothing, transportation, restaurants, entertainment and sports, groceries, and housing in Iceland are more expensive than in New Jersey.
Iceland vs. New Jersey Cost Breakdown
If you lived in Iceland instead of New Jersey, you would:
pay 39.5% more for restaurants
|
New Jersey
|
Iceland
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$19.95
|
$26.52
ISK3,394
|
|
|
Fast food combo meal
McDonalds, or similar
|
$12.40
|
$21.32
ISK2,728
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.60
|
$3.11
ISK398
|
|
| Bottle of water (11 fl. oz) |
$2.04
|
$2.72
ISK348
|
|
New Jersey vs. Iceland - Cost of restaurants
pay 8.6% more for groceries
|
New Jersey
|
Iceland
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$4.17
|
$3.80
ISK487
|
|
| Local cheese (8 oz) |
$8.09
|
$9.44
ISK1,208
|
|
| Milk (1 gallon) |
$4.78
|
$7.78
ISK996
|
|
|
Eggs
1 dozen
|
$5.24
|
$6.71
ISK859
|
|
| Boneless chicken breast (1 lb) |
$5.96
|
$11.22
ISK1,436
|
|
| Apples (1 lb) |
$2.76
|
$1.50
ISK191
|
|
| Bananas (1 lb) |
$0.98
|
$1.15
ISK147
|
|
| Oranges (1 lb) |
$2.20
|
$1.41
ISK181
|
|
| Tomatoes (1 lb) |
$2.62
|
$2.34
ISK300
|
|
| Potatoes (1 lb) |
$1.44
|
$1.65
ISK211
|
|
| Onions (1 lb) |
$1.60
|
$1.09
ISK140
|
|
New Jersey vs. Iceland - Cost of groceries
pay 61.3% more for transportation
|
New Jersey
|
Iceland
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$3.24
|
$9.65
ISK1,235
|
|
| Monthly public transit pass |
$116.02
|
$79.56
ISK10,182
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$32,841.50
|
$49,144.25
ISK6,289,481
|
|
| Taxi trip in downtown area (5 miles) |
$19.75
|
$25.55
ISK3,270
|
|
New Jersey vs. Iceland - Cost of transportation
pay 0.3% more for housing
|
New Jersey
|
Iceland
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$62.68
|
$95.65
ISK12,241
|
|
| 1-Bedroom apartment in downtown area |
$2,279.92
|
$2,289.17
ISK292,968
|
|
| 1-Bedroom apartment outside city center |
$1,885.98
|
$1,830.04
ISK234,209
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$126.74
|
$65.15
ISK8,338
|
|
New Jersey vs. Iceland - Cost of housing
pay 35.5% less for childcare
|
New Jersey
|
Iceland
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$2,023.96
|
$334.67
ISK42,830
|
|
| Middle school for 1 child, two semesters |
$27,267.62
|
$30,711.08
ISK3,930,404
|
|
New Jersey vs. Iceland - Cost of childcare
pay 25.2% more for entertainment and sports
|
New Jersey
|
Iceland
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$6.95
|
$11.14
ISK1,426
|
|
| Cappuccino in mid-range area |
$5.20
|
$5.62
ISK720
|
|
|
Pack of cigarettes
Marlboro or similar
|
$12.79
|
$13.90
ISK1,778
|
|
| Monthly membership at local gym |
$52.90
|
$78.17
ISK10,004
|
|
| Movie ticket to theater/cinema |
$16.52
|
$16.75
ISK2,144
|
|
New Jersey vs. Iceland - Cost of entertainment and sports
pay 72.8% more for clothing
|
New Jersey
|
Iceland
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$57.64
|
$130.91
ISK16,753
|
|
|
Regular dress
from H&M or similar store
|
$49.26
|
$61.83
ISK7,913
|
|
|
Running shoes
Nike or Adidas
|
$99.28
|
$163.81
ISK20,965
|
|
| Men's business shoes (leather) |
$136.81
|
$237.31
ISK30,371
|
|
New Jersey 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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