Cost of Living Comparison

  1. Cost of Living
  2. New Zealand
  3. Iceland
  4. Comparison
NZD
COMPARED TO
ISK

Iceland is 12.1% more expensive than New Zealand.

If you lived in Iceland instead of New Zealand, you would:
local_dining

pay 25.2% more for restaurants

  New Zealand help_outline Iceland help_outline  
Basic meal with drink at inexpensive restaurant $11.92
NZ$16.27
$15.54
kr1,631
+30.3%
Fast food combo meal
McDonalds, or similar
 $7.53
NZ$10.28
$12.54
kr1,316
+66.6%
Bottle of Coca-Cola (11 fl. oz) $2.13
NZ$2.91
$2.37
kr249
+11.4%
Bottle of water (11 fl. oz) $1.82
NZ$2.48
$1.68
kr177
-7.4%
Average +25.2%
New Zealand vs. Iceland - Cost of restaurants
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local_grocery_store

pay 20.8% more for groceries

  New Zealand help_outline Iceland help_outline  
Bread
1 loaf
 $1.45
NZ$1.98
$3.04
kr319
+109.6%
Local cheese (8 oz) $3.53
NZ$4.82
$5.12
kr538
+45.2%
Milk (1 gallon) $6.40
NZ$8.74
$4.59
kr482
-28.3%
Eggs
1 dozen
 $3.30
NZ$4.51
$5.23
kr549
+58.5%
Boneless chicken breast (1 lb) $3.64
NZ$4.96
$6.56
kr689
+80.5%
Apples (1 lb) $1.05
NZ$1.43
$0.98
kr103
-6.4%
Bananas (1 lb) $0.88
NZ$1.20
$0.83
kr88
-5.0%
Oranges (1 lb) $1.07
NZ$1.46
$1.02
kr107
-4.5%
Tomatoes (1 lb) $1.67
NZ$2.28
$1.68
kr176
+0.5%
Potatoes (1 lb) $0.91
NZ$1.25
$0.96
kr100
+4.5%
Onions (1 lb) $0.75
NZ$1.02
$0.55
kr58
-26.0%
Average +20.8%
New Zealand vs. Iceland - Cost of groceries
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drive_eta

pay 8.7% more for transportation

  New Zealand help_outline Iceland help_outline  
Gasoline (1 gallon) $5.37
NZ$7.33
$5.96
kr626
+11.0%
Monthly public transit pass $93.67
NZ$127.87
$90.41
kr9,489
-3.5%
New Volkswagen Golf 1.4 (standard edition) $23,847.45
NZ$32,554.25
$26,163.21
kr2,745,829
+9.7%
Taxi trip in downtown area (5 miles) $19.03
NZ$25.98
$22.36
kr2,347
+17.5%
Average +8.7%
New Zealand vs. Iceland - Cost of transportation
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home

pay 18.5% more for housing

  New Zealand help_outline Iceland help_outline  
Internet connection
50 mbps or faster, cable/dsl
 $56.95
NZ$77.74
$63.30
kr6,644
+11.2%
1-Bedroom apartment in downtown area $931.70
NZ$1,271.86
$1,285.14
kr134,875
+37.9%
1-Bedroom apartment outside city center $723.30
NZ$987.39
$1,064.16
kr111,684
+47.1%
Utilities for two (700 sq ft apartment)
including electric, gas, water, heating
 $89.68
NZ$122.42
$69.69
kr7,314
-22.3%
Average +18.5%
New Zealand vs. Iceland - Cost of housing
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child_care

pay 62.7% less for childcare

  New Zealand help_outline Iceland help_outline  
Private preschool for 1 child, monthly $690.11
NZ$942.08
$279.46
kr29,329
-59.5%
Middle school for 1 child, two semesters $8,835.64
NZ$12,061.57
$3,014.93
kr316,417
-65.9%
Average -62.7%
New Zealand vs. Iceland - Cost of childcare
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gamepad

pay 15.5% more for entertainment and sports

  New Zealand help_outline Iceland help_outline  
Domestic/local beer (1 pint) $5.45
NZ$7.45
$7.97
kr837
+46.2%
Cappuccino in mid-range area $3.04
NZ$4.15
$4.17
kr438
+37.3%
Pack of cigarettes
Marlboro or similar
 $19.92
NZ$27.20
$10.58
kr1,110
-46.9%
Monthly membership at local gym $39.15
NZ$53.45
$50.68
kr5,319
+29.4%
Movie ticket to theater/cinema $9.91
NZ$13.53
$11.05
kr1,159
+11.5%
Average +15.5%
New Zealand vs. Iceland - Cost of entertainment and sports
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store

pay 58.7% more for clothing

  New Zealand help_outline Iceland help_outline  
Regular jeans
Levi's brand
 $65.99
NZ$90.08
$104.95
kr11,015
+59.1%
Regular dress
from H&M or similar store
 $37.62
NZ$51.35
$60.45
kr6,345
+60.7%
Running shoes
Nike or Adidas
 $95.36
NZ$130.18
$154.03
kr16,166
+61.5%
Men's business shoes (leather) $105.42
NZ$143.90
$161.72
kr16,973
+53.4%
Average +58.7%
New Zealand 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: February 2021
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Iceland vs. Greece
Iceland vs. Turkey
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