Cost of living comparison

compared to

Iceland vs. Sri Lanka Cost of Living Summary

Iceland is 5.3 times more expensive than Sri Lanka overall.

Restaurants: pay 4.7 times more in Iceland
Groceries: pay 2.3 times more in Iceland
Transportation: pay 4.2 times more in Iceland
Housing: pay 7.6 times more in Iceland
Childcare: pay 11.1 times more in Iceland
Entertainment and Sports: pay 3.3 times more in Iceland
Clothing: pay 3.7 times more in Iceland

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

Iceland vs. Sri Lanka Cost Breakdown

If you lived in Iceland instead of Sri Lanka, you would:

Display currency: USD

pay 4.7 times more for restaurants

	Sri Lanka	Iceland
Basic meal with drink at inexpensive restaurant	$2.86 LKR847.35	$19.40 ISK2,740	+577.3%
Fast food combo meal McDonalds, or similar	$6.80 LKR2,010.66	$16.94 ISK2,393	+149.3%
Bottle of Coca-Cola (11 fl. oz)	$0.71 LKR209.20	$2.81 ISK397	+297.6%
Bottle of water (11 fl. oz)	$0.35 LKR104.12	$2.02 ISK286	+474.5%
Average			+374.7%

Sri Lanka vs. Iceland - Cost of restaurants

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pay 2.3 times more for groceries

	Sri Lanka	Iceland
Bread 1 loaf	$0.56 LKR166.73	$2.95 ISK417	+424.2%
Local cheese (8 oz)	$6.21 LKR1,838.09	$7.27 ISK1,026	+16.9%
Milk (1 gallon)	$6.31 LKR1,867.57	$6.01 ISK848	-4.8%
Eggs 1 dozen	$2.18 LKR644.40	$5.42 ISK765	+148.8%
Boneless chicken breast (1 lb)	$2.29 LKR678.28	$8.51 ISK1,202	+271.1%
Apples (1 lb)	$3.04 LKR898.30	$1.22 ISK173	-59.7%
Bananas (1 lb)	$0.44 LKR131.21	$1.03 ISK145	+131.5%
Oranges (1 lb)	$2.56 LKR758.13	$1.17 ISK165	-54.3%
Tomatoes (1 lb)	$0.50 LKR147.75	$1.87 ISK265	+275.2%
Potatoes (1 lb)	$0.48 LKR142.63	$1.23 ISK174	+156.0%
Onions (1 lb)	$0.44 LKR130.98	$0.78 ISK111	+77.2%
Average			+125.6%

Sri Lanka vs. Iceland - Cost of groceries

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pay 4.2 times more for transportation

	Sri Lanka	Iceland
Gasoline (1 gallon)	$4.84 LKR1,430.65	$8.36 ISK1,181	+72.9%
Monthly public transit pass	$10.76 LKR3,183.55	$71.28 ISK10,067	+562.5%
New Volkswagen Golf 1.4 (standard edition)	$32,478.81 LKR9,609,536.98	$40,660.66 ISK5,742,912	+25.2%
Taxi trip in downtown area (5 miles)	$3.09 LKR913.42	$22.04 ISK3,112	+613.8%
Average			+318.6%

Sri Lanka vs. Iceland - Cost of transportation

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pay 7.6 times more for housing

	Sri Lanka	Iceland
Internet connection 50 mbps or faster, cable/dsl	$13.80 LKR4,082.91	$72.17 ISK10,194	+423.0%
1-Bedroom apartment in downtown area	$163.33 LKR48,325.75	$1,838.04 ISK259,604	+1025.3%
1-Bedroom apartment outside city center	$123.34 LKR36,493.53	$1,497.77 ISK211,545	+1114.3%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$30.68 LKR9,077.96	$58.01 ISK8,194	+89.1%
Average			+662.9%

Sri Lanka vs. Iceland - Cost of housing

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pay 11.1 times more for childcare

	Sri Lanka	Iceland
Private preschool for 1 child, monthly	$26.94 LKR7,970.85	$258.16 ISK36,463	+858.3%
Middle school for 1 child, two semesters	$475.05 LKR140,554.98	$5,993.99 ISK846,592	+1161.7%
Average			+1010.0%

Sri Lanka vs. Iceland - Cost of childcare

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pay 3.3 times more for entertainment and sports

	Sri Lanka	Iceland
Domestic/local beer (1 pint)	$2.00 LKR592.43	$9.19 ISK1,298	+358.9%
Cappuccino in mid-range area	$2.35 LKR695.20	$4.65 ISK657	+97.8%
Pack of cigarettes Marlboro or similar	$8.91 LKR2,635.41	$11.76 ISK1,660	+32.0%
Monthly membership at local gym	$14.75 LKR4,365.46	$61.46 ISK8,681	+316.5%
Movie ticket to theater/cinema	$3.23 LKR955.07	$14.35 ISK2,027	+344.5%
Average			+229.9%

Sri Lanka vs. Iceland - Cost of entertainment and sports

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pay 3.7 times more for clothing

	Sri Lanka	Iceland
Regular jeans Levi's brand	$29.58 LKR8,750.41	$111.23 ISK15,710	+276.1%
Regular dress from H&M or similar store	$19.20 LKR5,681.56	$59.69 ISK8,430	+210.8%
Running shoes Nike or Adidas	$65.72 LKR19,444.53	$148.00 ISK20,903	+125.2%
Men's business shoes (leather)	$33.57 LKR9,931.80	$184.49 ISK26,058	+449.6%
Average			+265.4%

Sri Lanka 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: January 2025

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