Cost of living comparison
compared to
Iceland vs. New Zealand Cost of Living Summary
Iceland is 64.0% more expensive than New Zealand overall.
Iceland vs. New Zealand Cost Breakdown
If you lived in Iceland instead of New Zealand, you would:
pay 74.8% more for restaurants
New Zealand | Iceland | ||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant | $14.45 NZ$25.59 | $26.52 ISK3,355 | |
| Fast food combo meal McDonalds, or similar | $9.14 NZ$16.18 | $21.32 ISK2,696 | |
| Bottle of Coca-Cola (11 fl. oz) | $2.11 NZ$3.73 | $3.11 ISK393 | |
| Bottle of water (11 fl. oz) | $2.02 NZ$3.57 | $2.72 ISK344 | |
New Zealand vs. Iceland - Cost of restaurants
pay 61.4% more for groceries
New Zealand | Iceland | ||
|---|---|---|---|
| Bread 1 loaf | $1.74 NZ$3.08 | $3.80 ISK481 | |
| Local cheese (8 oz) | $3.88 NZ$6.88 | $9.44 ISK1,194 | |
| Milk (1 gallon) | $6.34 NZ$11.22 | $7.78 ISK984 | |
| Eggs 1 dozen | $5.96 NZ$10.55 | $6.71 ISK849 | |
| Boneless chicken breast (1 lb) | $4.01 NZ$7.09 | $11.22 ISK1,419 | |
| Apples (1 lb) | $1.18 NZ$2.09 | $1.50 ISK189 | |
| Bananas (1 lb) | $0.95 NZ$1.69 | $1.15 ISK145 | |
| Oranges (1 lb) | $1.29 NZ$2.29 | $1.41 ISK179 | |
| Tomatoes (1 lb) | $2.11 NZ$3.74 | $2.34 ISK296 | |
| Potatoes (1 lb) | $0.85 NZ$1.51 | $1.65 ISK208 | |
| Onions (1 lb) | $0.80 NZ$1.41 | $1.09 ISK138 | |
New Zealand vs. Iceland - Cost of groceries
pay 51.9% more for transportation
New Zealand | Iceland | ||
|---|---|---|---|
| Gasoline (1 gallon) | $6.08 NZ$10.77 | $9.65 ISK1,221 | |
| Monthly public transit pass | $74.52 NZ$131.98 | $79.56 ISK10,064 | |
| New Volkswagen Golf 1.4 (standard edition) | $24,777.66 NZ$43,885.34 | $49,144.25 ISK6M | |
| Taxi trip in downtown area (5 miles) | $17.81 NZ$31.55 | $25.55 ISK3,232 | |
New Zealand vs. Iceland - Cost of transportation
pay 79.8% more for housing
New Zealand | Iceland | ||
|---|---|---|---|
| Internet connection 50 mbps or faster, cable/dsl | $50.00 NZ$88.55 | $95.65 ISK12,098 | |
| 1-Bedroom apartment in downtown area | $978.36 NZ$1,732.83 | $2,289.17 ISK290K | |
| 1-Bedroom apartment outside city center | $810.06 NZ$1,434.75 | $1,830.04 ISK231K | |
| Utilities for two (700 sq ft apartment) including electric, gas, water, heating | $95.66 NZ$169.44 | $65.15 ISK8,241 | |
New Zealand vs. Iceland - Cost of housing
pay 40.4% more for childcare
New Zealand | Iceland | ||
|---|---|---|---|
| Private preschool for 1 child, monthly | $635.34 NZ$1,125.30 | $334.67 ISK42,332 | |
| Middle school for 1 child, two semesters | $13,463.91 NZ$23,846.82 | $30,711.08 ISK4M | |
New Zealand vs. Iceland - Cost of childcare
pay 55.2% more for entertainment and sports
New Zealand | Iceland | ||
|---|---|---|---|
| Domestic/local beer (1 pint) | $6.04 NZ$10.70 | $11.14 ISK1,409 | |
| Cappuccino in mid-range area | $3.35 NZ$5.94 | $5.62 ISK711 | |
| Pack of cigarettes Marlboro or similar | $23.12 NZ$40.96 | $13.90 ISK1,758 | |
| Monthly membership at local gym | $37.72 NZ$66.81 | $78.17 ISK9,888 | |
| Movie ticket to theater/cinema | $10.72 NZ$18.99 | $16.75 ISK2,119 | |
New Zealand vs. Iceland - Cost of entertainment and sports
pay 84.6% more for clothing
New Zealand | Iceland | ||
|---|---|---|---|
| Regular jeans Levi's brand | $65.22 NZ$115.52 | $130.91 ISK16,558 | |
| Regular dress from H&M or similar store | $39.23 NZ$69.49 | $61.83 ISK7,821 | |
| Running shoes Nike or Adidas | $90.28 NZ$159.90 | $163.81 ISK20,721 | |
| Men's business shoes (leather) | $119.43 NZ$211.53 | $237.31 ISK30,017 | |
New Zealand 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: July 2026
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