Cost of living comparison
compared to
Iceland vs. Spain Cost of Living Summary
Iceland is 89.8% more expensive than Spain overall.
Iceland vs. Spain Cost Breakdown
If you lived in Iceland instead of Spain, you would:
pay 82.9% more for restaurants
|
Spain
|
Iceland
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$16.08
€14.31
|
$28.88
ISK3,499
|
|
|
Fast food combo meal
McDonalds, or similar
|
$10.79
€9.61
|
$22.83
ISK2,767
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.54
€2.26
|
$3.25
ISK393
|
|
| Bottle of water (11 fl. oz) |
$1.76
€1.57
|
$3.01
ISK365
|
|
Spain vs. Iceland - Cost of restaurants
pay 68.5% more for groceries
|
Spain
|
Iceland
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$1.49
€1.33
|
$3.55
ISK431
|
|
| Local cheese (8 oz) |
$7.20
€6.40
|
$10.11
ISK1,226
|
|
| Milk (1 gallon) |
$4.49
€4.00
|
$7.79
ISK944
|
|
|
Eggs
1 dozen
|
$3.29
€2.93
|
$6.92
ISK839
|
|
| Boneless chicken breast (1 lb) |
$3.74
€3.33
|
$11.01
ISK1,334
|
|
| Apples (1 lb) |
$1.16
€1.03
|
$1.43
ISK173
|
|
| Bananas (1 lb) |
$0.93
€0.83
|
$1.23
ISK148
|
|
| Oranges (1 lb) |
$0.96
€0.85
|
$1.42
ISK172
|
|
| Tomatoes (1 lb) |
$1.24
€1.10
|
$2.60
ISK315
|
|
| Potatoes (1 lb) |
$0.84
€0.75
|
$1.71
ISK207
|
|
| Onions (1 lb) |
$0.89
€0.79
|
$0.76
ISK92
|
|
Spain vs. Iceland - Cost of groceries
pay 58.4% more for transportation
|
Spain
|
Iceland
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$6.62
€5.89
|
$8.09
ISK980
|
|
| Monthly public transit pass |
$31.07
€27.66
|
$80.58
ISK9,765
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$34,519.36
€30,723.47
|
$48,967.53
ISK6M
|
|
| Taxi trip in downtown area (5 miles) |
$16.43
€14.62
|
$26.24
ISK3,179
|
|
Spain vs. Iceland - Cost of transportation
pay 2.1 times more for housing
|
Spain
|
Iceland
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$29.92
€26.63
|
$98.24
ISK11,905
|
|
| 1-Bedroom apartment in downtown area |
$925.54
€823.76
|
$2,335.24
ISK283K
|
|
| 1-Bedroom apartment outside city center |
$728.71
€648.57
|
$1,824.40
ISK221K
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$109.11
€97.11
|
$72.34
ISK8,766
|
|
Spain vs. Iceland - Cost of housing
pay 2.3 times more for childcare
|
Spain
|
Iceland
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$480.60
€427.75
|
$833.66
ISK101K
|
|
| Middle school for 1 child, two semesters |
$9,049.60
€8,054.47
|
$27,752.37
ISK3M
|
|
Spain vs. Iceland - Cost of childcare
pay 2.3 times more for entertainment and sports
|
Spain
|
Iceland
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$3.31
€2.94
|
$11.37
ISK1,378
|
|
| Cappuccino in mid-range area |
$2.30
€2.04
|
$5.90
ISK715
|
|
|
Pack of cigarettes
Marlboro or similar
|
$6.23
€5.54
|
$13.85
ISK1,679
|
|
| Monthly membership at local gym |
$47.01
€41.84
|
$83.64
ISK10,136
|
|
| Movie ticket to theater/cinema |
$9.34
€8.32
|
$17.92
ISK2,171
|
|
Spain vs. Iceland - Cost of entertainment and sports
pay 83.3% more for clothing
|
Spain
|
Iceland
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$80.62
€71.76
|
$134.47
ISK16,295
|
|
|
Regular dress
from H&M or similar store
|
$36.25
€32.27
|
$63.25
ISK7,664
|
|
|
Running shoes
Nike or Adidas
|
$90.09
€80.18
|
$159.03
ISK19,271
|
|
| Men's business shoes (leather) |
$108.00
€96.12
|
$237.19
ISK28,742
|
|
Spain vs. Iceland - Cost of clothing
We average the price of thousands of data points entered by users across the world. Sources: MyLifeElsewhere's cost-of-living dataset (prices updated October 2026). How we calculate this
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Compare further: Spain vs. Iceland
Salary Calculator · Free tool
What salary would you need in Iceland?
→
Quality of Life Comparison · 15 statistics
Make 2.5 times more money in Iceland
→
Size Comparison · See true size
Spain is about 4.9 times bigger than Iceland.
→
Moving from Spain to Iceland · OECD 2023
540 people moved from Spain to Iceland.
→
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