Cost of living comparison

compared to

Iceland vs. Prague Cost of Living Summary

Iceland is 77.5% more expensive than Prague.

Restaurants: pay 97.8% more in Iceland
Groceries: pay 77.7% more in Iceland
Transportation: pay 90.3% more in Iceland
Housing: pay 2.0 times more in Iceland
Childcare: pay 17.3% more in Iceland
Entertainment and Sports: pay 93.1% more in Iceland
Clothing: pay 62.8% more in Iceland

The cost of housing, restaurants, entertainment and sports, transportation, groceries, and clothing in Iceland are more expensive than in Prague. Notably, housing, restaurants, and entertainment and sports are significantly more expensive in Iceland.

Iceland vs. Prague Cost Breakdown

If you lived in Iceland instead of Prague, you would:

Display currency: USD

pay 97.8% more for restaurants

	Prague	Iceland
Basic meal with drink at inexpensive restaurant	$10.56 CZK219.42	$26.52 ISK3,332	+151.2%
Fast food combo meal McDonalds, or similar	$9.60 CZK199.47	$21.32 ISK2,678	+122.1%
Bottle of Coca-Cola (11 fl. oz)	$1.95 CZK40.61	$3.11 ISK391	+59.1%
Bottle of water (11 fl. oz)	$1.71 CZK35.54	$2.72 ISK342	+59.0%
Average			+97.8%

Prague vs. Iceland - Cost of restaurants

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pay 77.7% more for groceries

	Prague	Iceland
Bread 1 loaf	$1.73 CZK35.91	$3.80 ISK478	+120.0%
Local cheese (8 oz)	$6.52 CZK135.39	$9.44 ISK1,186	+44.8%
Milk (1 gallon)	$4.77 CZK99.07	$7.78 ISK977	+63.2%
Eggs 1 dozen	$3.81 CZK79.10	$6.71 ISK843	+76.2%
Boneless chicken breast (1 lb)	$4.30 CZK89.45	$11.22 ISK1,409	+160.6%
Apples (1 lb)	$1.02 CZK21.15	$1.50 ISK188	+46.9%
Bananas (1 lb)	$0.87 CZK18.11	$1.15 ISK144	+31.5%
Oranges (1 lb)	$1.05 CZK21.79	$1.41 ISK178	+34.9%
Tomatoes (1 lb)	$1.81 CZK37.69	$2.34 ISK294	+29.0%
Potatoes (1 lb)	$0.65 CZK13.51	$1.65 ISK207	+153.4%
Onions (1 lb)	$0.56 CZK11.67	$1.09 ISK137	+94.7%
Average			+77.7%

Prague vs. Iceland - Cost of groceries

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pay 90.3% more for transportation

	Prague	Iceland
Gasoline (1 gallon)	$6.73 CZK139.78	$9.65 ISK1,213	+43.5%
Monthly public transit pass	$26.40 CZK548.55	$79.56 ISK9,995	+201.4%
New Volkswagen Golf 1.4 (standard edition)	$31,197.57 CZK648,282.45	$49,144.25 ISK6,173,992	+57.5%
Taxi trip in downtown area (5 miles)	$16.08 CZK334.11	$25.55 ISK3,210	+58.9%
Average			+90.3%

Prague vs. Iceland - Cost of transportation

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pay 2.0 times more for housing

	Prague	Iceland
Internet connection 50 mbps or faster, cable/dsl	$23.93 CZK497.25	$95.65 ISK12,016	+299.7%
1-Bedroom apartment in downtown area	$1,194.06 CZK24,812.53	$2,289.17 ISK287,588	+91.7%
1-Bedroom apartment outside city center	$923.20 CZK19,184.00	$1,830.04 ISK229,909	+98.2%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$260.95 CZK5,422.55	$65.15 ISK8,185	-75.0%
Average			+103.7%

Prague vs. Iceland - Cost of housing

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pay 17.3% more for childcare

	Prague	Iceland
Private preschool for 1 child, monthly	$999.92 CZK20,778.28	$334.67 ISK42,044	-66.5%
Middle school for 1 child, two semesters	$15,274.81 CZK317,409.06	$30,711.08 ISK3,858,233	+101.1%
Average			+17.3%

Prague vs. Iceland - Cost of childcare

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pay 93.1% more for entertainment and sports

	Prague	Iceland
Domestic/local beer (1 pint)	$2.88 CZK59.84	$11.14 ISK1,400	+286.9%
Cappuccino in mid-range area	$3.74 CZK77.82	$5.62 ISK707	+50.2%
Pack of cigarettes Marlboro or similar	$7.73 CZK160.57	$13.90 ISK1,746	+79.8%
Monthly membership at local gym	$71.84 CZK1,492.90	$78.17 ISK9,821	+8.8%
Movie ticket to theater/cinema	$12.00 CZK249.34	$16.75 ISK2,105	+39.6%
Average			+93.1%

Prague vs. Iceland - Cost of entertainment and sports

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pay 62.8% more for clothing

	Prague	Iceland
Regular jeans Levi's brand	$79.19 CZK1,645.64	$130.91 ISK16,446	+65.3%
Regular dress from H&M or similar store	$39.41 CZK818.86	$61.83 ISK7,768	+56.9%
Running shoes Nike or Adidas	$106.09 CZK2,204.50	$163.81 ISK20,580	+54.4%
Men's business shoes (leather)	$136.03 CZK2,826.60	$237.31 ISK29,813	+74.5%
Average			+62.8%

Prague 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: December 2025

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