Cost of living comparison
Iceland is 51.6% more expensive than Spain.
If you lived in Iceland instead of Spain, you would:
pay 44.8% more for restaurants
Spain
|
Iceland
|
||
---|---|---|---|
Basic meal with drink at inexpensive restaurant |
$12.45
€11.68
|
$17.84
kr2,519
|
|
Fast food combo meal
McDonalds, or similar
|
$8.47
€7.94
|
$14.27
kr2,015
|
|
Bottle of Coca-Cola (11 fl. oz) |
$1.99
€1.87
|
$2.32
kr327
|
|
Bottle of water (11 fl. oz) |
$1.40
€1.32
|
$2.12
kr300
|
|
pay 69.1% more for groceries
Spain
|
Iceland
|
||
---|---|---|---|
Bread
1 loaf
|
$1.16
€1.09
|
$3.42
kr484
|
|
Local cheese (8 oz) |
$5.73
€5.38
|
$5.98
kr845
|
|
Milk (1 gallon) |
$3.55
€3.33
|
$5.33
kr752
|
|
Eggs
1 dozen
|
$2.35
€2.21
|
$5.66
kr799
|
|
Boneless chicken breast (1 lb) |
$3.11
€2.92
|
$7.09
kr1,002
|
|
Apples (1 lb) |
$0.88
€0.83
|
$1.16
kr164
|
|
Bananas (1 lb) |
$0.83
€0.78
|
$0.98
kr139
|
|
Oranges (1 lb) |
$0.74
€0.69
|
$1.17
kr166
|
|
Tomatoes (1 lb) |
$0.91
€0.86
|
$1.84
kr259
|
|
Potatoes (1 lb) |
$0.63
€0.59
|
$0.96
kr135
|
|
Onions (1 lb) |
$0.65
€0.61
|
$0.51
kr72
|
|
pay 51.7% more for transportation
Spain
|
Iceland
|
||
---|---|---|---|
Gasoline (1 gallon) |
$6.67
€6.26
|
$8.03
kr1,135
|
|
Monthly public transit pass |
$39.84
€37.37
|
$77.40
kr10,932
|
|
New Volkswagen Golf 1.4 (standard edition) |
$24,357.72
€22,844.28
|
$29,836.83
kr4,214,452
|
|
Taxi trip in downtown area (5 miles) |
$14.14
€13.26
|
$23.97
kr3,385
|
|
pay 59.2% more for housing
Spain
|
Iceland
|
||
---|---|---|---|
Internet connection
50 mbps or faster, cable/dsl
|
$40.62
€38.10
|
$62.40
kr8,814
|
|
1-Bedroom apartment in downtown area |
$697.48
€654.14
|
$1,437.14
kr202,996
|
|
1-Bedroom apartment outside city center |
$570.67
€535.21
|
$1,215.63
kr171,707
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$106.79
€100.16
|
$68.63
kr9,694
|
|
pay 43.5% less for childcare
Spain
|
Iceland
|
||
---|---|---|---|
Private preschool for 1 child, monthly |
$342.46
€321.18
|
$259.34
kr36,632
|
|
Middle school for 1 child, two semesters |
$7,368.05
€6,910.24
|
$2,750.10
kr388,451
|
|
pay 2.0 times more for entertainment and sports
Spain
|
Iceland
|
||
---|---|---|---|
Domestic/local beer (1 pint) |
$2.66
€2.50
|
$8.52
kr1,204
|
|
Cappuccino in mid-range area |
$1.85
€1.74
|
$4.15
kr587
|
|
Pack of cigarettes
Marlboro or similar
|
$5.55
€5.20
|
$10.64
kr1,502
|
|
Monthly membership at local gym |
$43.33
€40.64
|
$56.90
kr8,037
|
|
Movie ticket to theater/cinema |
$8.42
€7.89
|
$12.27
kr1,734
|
|
pay 77.0% more for clothing
Spain
|
Iceland
|
||
---|---|---|---|
Regular jeans
Levi's brand
|
$73.58
€69.01
|
$118.08
kr16,678
|
|
Regular dress
from H&M or similar store
|
$33.02
€30.97
|
$50.39
kr7,117
|
|
Running shoes
Nike or Adidas
|
$74.35
€69.73
|
$151.12
kr21,345
|
|
Men's business shoes (leather) |
$91.35
€85.67
|
$175.20
kr24,747
|
|
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