Iceland vs. Norfolk Island Cost Breakdown

If you lived in Iceland instead of Norfolk Island, you would:

pay (unknown) more for restaurants

 
Norfolk Island
Iceland
Basic meal with drink at inexpensive restaurant ?? $26.52
ISK3,394
Fast food combo meal
McDonalds, or similar
?? $21.32
ISK2,728
Bottle of Coca-Cola (11 fl. oz) ?? $3.11
ISK398

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pay (unknown) more for groceries

 
Norfolk Island
Iceland
Bread
1 loaf
?? $3.80
ISK487
Local cheese (8 oz) ?? $9.44
ISK1,208
Milk (1 gallon) ?? $7.78
ISK996

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pay (unknown) more for transportation

 
Norfolk Island
Iceland
Gasoline (1 gallon) ?? $9.65
ISK1,235
Monthly public transit pass ?? $79.56
ISK10,182
New Volkswagen Golf 1.4 (standard edition) ?? $49,144.25
ISK6,289,481

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pay (unknown) more for housing

 
Norfolk Island
Iceland
Internet connection
50 mbps or faster, cable/dsl
?? $95.65
ISK12,241
1-Bedroom apartment in downtown area ?? $2,289.17
ISK292,968
1-Bedroom apartment outside city center ?? $1,830.04
ISK234,209

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pay (unknown) more for childcare

 
Norfolk Island
Iceland
Private preschool for 1 child, monthly ?? $334.67
ISK42,830
Middle school for 1 child, two semesters ?? $30,711.08
ISK3,930,404

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pay (unknown) more for entertainment and sports

 
Norfolk Island
Iceland
Domestic/local beer (1 pint) ?? $11.14
ISK1,426
Cappuccino in mid-range area ?? $5.62
ISK720
Pack of cigarettes
Marlboro or similar
?? $13.90
ISK1,778

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pay (unknown) more for clothing

 
Norfolk Island
Iceland
Regular jeans
Levi's brand
?? $130.91
ISK16,753
Regular dress
from H&M or similar store
?? $61.83
ISK7,913
Running shoes
Nike or Adidas
?? $163.81
ISK20,965

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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: December 2025
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