Cost of living comparison

compared to

Iceland vs. Rome Cost of Living Summary

Iceland is 66.6% more expensive than Rome.

Restaurants
pay 65.3% more in Iceland
Groceries
pay 42.0% more in Iceland
Transportation
pay 54.4% more in Iceland
Housing
pay 73.1% more in Iceland
Childcare
pay 69.7% more in Iceland
Entertainment and Sports
pay 83.5% more in Iceland
Clothing
pay 77.9% more in Iceland

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

Iceland vs. Rome Cost Breakdown

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

pay 65.3% more for restaurants

 
Rome
Iceland
Basic meal with drink at inexpensive restaurant $17.52
€14.96
$26.52
ISK3,332
Fast food combo meal
McDonalds, or similar
$11.68
€9.97
$21.32
ISK2,678
Bottle of Coca-Cola (11 fl. oz) $2.50
€2.14
$3.11
ISK391

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pay 42.0% more for groceries

 
Rome
Iceland
Bread
1 loaf
$2.21
€1.89
$3.80
ISK478
Local cheese (8 oz) $9.54
€8.14
$9.44
ISK1,186
Milk (1 gallon) $7.12
€6.08
$7.78
ISK977

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pay 54.4% more for transportation

 
Rome
Iceland
Gasoline (1 gallon) $7.66
€6.54
$9.65
ISK1,213
Monthly public transit pass $40.88
€34.91
$79.56
ISK9,995
New Volkswagen Golf 1.4 (standard edition) $29,199.74
€24,932.55
$49,144.25
ISK6,173,992

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pay 73.1% more for housing

 
Rome
Iceland
Internet connection
50 mbps or faster, cable/dsl
$32.12
€27.42
$95.65
ISK12,016
1-Bedroom apartment in downtown area $1,436.63
€1,226.68
$2,289.17
ISK287,588
1-Bedroom apartment outside city center $927.65
€792.09
$1,830.04
ISK229,909

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pay 69.7% more for childcare

 
Rome
Iceland
Private preschool for 1 child, monthly $568.18
€485.15
$334.67
ISK42,044
Middle school for 1 child, two semesters $10,951.36
€9,350.95
$30,711.08
ISK3,858,233

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pay 83.5% more for entertainment and sports

 
Rome
Iceland
Domestic/local beer (1 pint) $5.84
€4.99
$11.14
ISK1,400
Cappuccino in mid-range area $2.01
€1.72
$5.62
ISK707
Pack of cigarettes
Marlboro or similar
$7.18
€6.13
$13.90
ISK1,746

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pay 77.9% more for clothing

 
Rome
Iceland
Regular jeans
Levi's brand
$81.76
€69.81
$130.91
ISK16,446
Regular dress
from H&M or similar store
$37.76
€32.25
$61.83
ISK7,768
Running shoes
Nike or Adidas
$88.68
€75.72
$163.81
ISK20,580

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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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