Cost of living comparison
Iceland is 24.4% more expensive than New Zealand overall.
- Restaurants
-
pay 42.5% more in Iceland
- Groceries
-
pay 22.0% more in Iceland
- Transportation
-
pay 31.0% more in Iceland
- Housing
-
pay 43.0% more in Iceland
- Childcare
-
pay 50.8% less in Iceland
- Entertainment and Sports
-
pay 26.8% more in Iceland
- Clothing
-
pay 56.5% more in Iceland
The cost of clothing, housing, restaurants, transportation, entertainment and sports, and groceries in Iceland are more expensive than in New Zealand.
If you lived in Iceland instead of New Zealand, you would:
pay 42.5% more for restaurants
|
New Zealand
|
Iceland
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$13.47
NZ$22.39
|
$19.40
ISK2,418
|
|
|
Fast food combo meal
McDonalds, or similar
|
$8.81
NZ$14.64
|
$16.94
ISK2,112
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.16
NZ$3.59
|
$2.81
ISK350
|
|
| Bottle of water (11 fl. oz) |
$1.94
NZ$3.23
|
$2.02
ISK252
|
|
pay 22.0% more for groceries
|
New Zealand
|
Iceland
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$1.86
NZ$3.10
|
$2.95
ISK368
|
|
| Local cheese (8 oz) |
$3.77
NZ$6.26
|
$7.27
ISK906
|
|
| Milk (1 gallon) |
$6.55
NZ$10.88
|
$6.01
ISK749
|
|
|
Eggs
1 dozen
|
$5.92
NZ$9.85
|
$5.42
ISK675
|
|
| Boneless chicken breast (1 lb) |
$4.25
NZ$7.06
|
$8.51
ISK1,060
|
|
| Apples (1 lb) |
$1.15
NZ$1.91
|
$1.22
ISK153
|
|
| Bananas (1 lb) |
$1.04
NZ$1.73
|
$1.03
ISK128
|
|
| Oranges (1 lb) |
$1.31
NZ$2.17
|
$1.17
ISK146
|
|
| Tomatoes (1 lb) |
$2.31
NZ$3.84
|
$1.87
ISK234
|
|
| Potatoes (1 lb) |
$0.90
NZ$1.49
|
$1.23
ISK154
|
|
| Onions (1 lb) |
$0.83
NZ$1.38
|
$0.78
ISK98
|
|
pay 31.0% more for transportation
|
New Zealand
|
Iceland
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$6.26
NZ$10.41
|
$8.36
ISK1,042
|
|
| Monthly public transit pass |
$69.15
NZ$114.91
|
$71.28
ISK8,885
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$24,735.85
NZ$41,102.16
|
$40,660.66
ISK5,068,351
|
|
| Taxi trip in downtown area (5 miles) |
$17.90
NZ$29.74
|
$22.04
ISK2,747
|
|
pay 43.0% more for housing
|
New Zealand
|
Iceland
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$51.16
NZ$85.00
|
$72.17
ISK8,997
|
|
| 1-Bedroom apartment in downtown area |
$1,007.66
NZ$1,674.38
|
$1,838.04
ISK229,111
|
|
| 1-Bedroom apartment outside city center |
$809.64
NZ$1,345.33
|
$1,497.77
ISK186,697
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$91.68
NZ$152.33
|
$58.01
ISK7,231
|
|
pay 50.8% less for childcare
|
New Zealand
|
Iceland
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$611.89
NZ$1,016.74
|
$258.16
ISK32,180
|
|
| Middle school for 1 child, two semesters |
$10,661.07
NZ$17,714.89
|
$5,993.99
ISK747,151
|
|
pay 26.8% more for entertainment and sports
|
New Zealand
|
Iceland
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$6.10
NZ$10.13
|
$9.19
ISK1,145
|
|
| Cappuccino in mid-range area |
$3.30
NZ$5.49
|
$4.65
ISK579
|
|
|
Pack of cigarettes
Marlboro or similar
|
$22.88
NZ$38.02
|
$11.76
ISK1,465
|
|
| Monthly membership at local gym |
$38.53
NZ$64.02
|
$61.46
ISK7,661
|
|
| Movie ticket to theater/cinema |
$10.92
NZ$18.14
|
$14.35
ISK1,789
|
|
pay 56.5% more for clothing
|
New Zealand
|
Iceland
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$65.31
NZ$108.52
|
$111.23
ISK13,865
|
|
|
Regular dress
from H&M or similar store
|
$40.78
NZ$67.77
|
$59.69
ISK7,440
|
|
|
Running shoes
Nike or Adidas
|
$93.71
NZ$155.71
|
$148.00
ISK18,448
|
|
| Men's business shoes (leather) |
$121.74
NZ$202.29
|
$184.49
ISK22,997
|
|
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