Cost of living comparison
Iceland is 58.1% more expensive than Spain overall.
- Restaurants
-
pay 45.9% more in Iceland
- Groceries
-
pay 60.1% more in Iceland
- Transportation
-
pay 52.8% more in Iceland
- Housing
-
pay 77.3% more in Iceland
- Childcare
-
pay 25.8% less in Iceland
- Entertainment and Sports
-
pay 2.2 times more in Iceland
- Clothing
-
pay 81.1% more in Iceland
The cost of entertainment and sports, clothing, housing, groceries, transportation, and restaurants in Iceland are more expensive than in Spain. Notably, entertainment and sports, clothing, and housing are significantly more expensive in Iceland.
If you lived in Iceland instead of Spain, you would:
pay 45.9% more for restaurants
|
Spain
|
Iceland
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$13.87
€13.43
|
$19.40
ISK2,754
|
|
|
Fast food combo meal
McDonalds, or similar
|
$9.22
€8.92
|
$16.94
ISK2,405
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.13
€2.06
|
$2.81
ISK399
|
|
| Bottle of water (11 fl. oz) |
$1.58
€1.53
|
$2.02
ISK287
|
|
pay 60.1% more for groceries
|
Spain
|
Iceland
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$1.30
€1.26
|
$2.95
ISK419
|
|
| Local cheese (8 oz) |
$6.37
€6.17
|
$7.27
ISK1,032
|
|
| Milk (1 gallon) |
$4.16
€4.03
|
$6.01
ISK853
|
|
|
Eggs
1 dozen
|
$2.66
€2.57
|
$5.42
ISK769
|
|
| Boneless chicken breast (1 lb) |
$3.36
€3.26
|
$8.51
ISK1,208
|
|
| Apples (1 lb) |
$0.99
€0.96
|
$1.22
ISK174
|
|
| Bananas (1 lb) |
$0.81
€0.79
|
$1.03
ISK146
|
|
| Oranges (1 lb) |
$0.87
€0.84
|
$1.17
ISK166
|
|
| Tomatoes (1 lb) |
$1.13
€1.10
|
$1.87
ISK266
|
|
| Potatoes (1 lb) |
$0.72
€0.70
|
$1.23
ISK175
|
|
| Onions (1 lb) |
$0.81
€0.79
|
$0.78
ISK111
|
|
pay 52.8% more for transportation
|
Spain
|
Iceland
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$6.38
€6.18
|
$8.36
ISK1,187
|
|
| Monthly public transit pass |
$34.26
€33.17
|
$71.28
ISK10,120
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$33,643.92
€32,575.46
|
$40,660.66
ISK5,773,001
|
|
| Taxi trip in downtown area (5 miles) |
$14.57
€14.10
|
$22.04
ISK3,129
|
|
pay 77.3% more for housing
|
Spain
|
Iceland
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$31.87
€30.86
|
$72.17
ISK10,247
|
|
| 1-Bedroom apartment in downtown area |
$872.36
€844.66
|
$1,838.04
ISK260,965
|
|
| 1-Bedroom apartment outside city center |
$692.13
€670.15
|
$1,497.77
ISK212,653
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$103.97
€100.67
|
$58.01
ISK8,237
|
|
pay 25.8% less for childcare
|
Spain
|
Iceland
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$385.97
€373.71
|
$258.16
ISK36,654
|
|
| Middle school for 1 child, two semesters |
$7,352.21
€7,118.72
|
$5,993.99
ISK851,027
|
|
pay 2.2 times more for entertainment and sports
|
Spain
|
Iceland
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$2.84
€2.75
|
$9.19
ISK1,305
|
|
| Cappuccino in mid-range area |
$1.98
€1.92
|
$4.65
ISK660
|
|
|
Pack of cigarettes
Marlboro or similar
|
$5.66
€5.48
|
$11.76
ISK1,669
|
|
| Monthly membership at local gym |
$42.87
€41.51
|
$61.46
ISK8,726
|
|
| Movie ticket to theater/cinema |
$8.63
€8.36
|
$14.35
ISK2,037
|
|
pay 81.1% more for clothing
|
Spain
|
Iceland
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$75.89
€73.48
|
$111.23
ISK15,793
|
|
|
Regular dress
from H&M or similar store
|
$32.12
€31.10
|
$59.69
ISK8,475
|
|
|
Running shoes
Nike or Adidas
|
$77.96
€75.48
|
$148.00
ISK21,013
|
|
| Men's business shoes (leather) |
$91.38
€88.48
|
$184.49
ISK26,194
|
|
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