Cost of living comparison

compared to
Iceland vs. Tennessee Cost of Living Summary

Iceland is 23.0% more expensive than Tennessee.

Restaurants
pay 23.9% more in Iceland
Groceries
pay 8.4% more in Iceland
Transportation
pay 80.5% more in Iceland
Housing
pay 4.0% more in Iceland
Childcare
pay 70.1% less in Iceland
Entertainment and Sports
pay 41.8% more in Iceland
Clothing
pay 72.4% more in Iceland

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

Iceland vs. Tennessee Cost Breakdown

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

pay 23.9% more for restaurants

 
Tennessee
Iceland
Basic meal with drink at inexpensive restaurant $17.86
 
$19.40
ISK2,754
Fast food combo meal
McDonalds, or similar
$9.51
 
$16.94
ISK2,405
Bottle of Coca-Cola (11 fl. oz) $2.54
 
$2.81
ISK399

Improve prices ·

pay 8.4% more for groceries

 
Tennessee
Iceland
Bread
1 loaf
$2.90
 
$2.95
ISK419
Local cheese (8 oz) $5.63
 
$7.27
ISK1,032
Milk (1 gallon) $3.62
 
$6.01
ISK853

Improve prices ·

pay 80.5% more for transportation

 
Tennessee
Iceland
Gasoline (1 gallon) $3.06
 
$8.36
ISK1,187
Monthly public transit pass $41.50
 
$71.28
ISK10,120
New Volkswagen Golf 1.4 (standard edition) $31,466.25
 
$40,660.66
ISK5,773,001

Improve prices ·

pay 4.0% more for housing

 
Tennessee
Iceland
Internet connection
50 mbps or faster, cable/dsl
$66.90
 
$72.17
ISK10,247
1-Bedroom apartment in downtown area $1,303.80
 
$1,838.04
ISK260,965
1-Bedroom apartment outside city center $1,173.17
 
$1,497.77
ISK212,653

Improve prices ·

pay 70.1% less for childcare

 
Tennessee
Iceland
Private preschool for 1 child, monthly $1,030.34
 
$258.16
ISK36,654
Middle school for 1 child, two semesters $17,284.00
 
$5,993.99
ISK851,027

Improve prices ·

pay 41.8% more for entertainment and sports

 
Tennessee
Iceland
Domestic/local beer (1 pint) $5.95
 
$9.19
ISK1,305
Cappuccino in mid-range area $5.12
 
$4.65
ISK660
Pack of cigarettes
Marlboro or similar
$7.10
 
$11.76
ISK1,669

Improve prices ·

pay 72.4% more for clothing

 
Tennessee
Iceland
Regular jeans
Levi's brand
$53.07
 
$111.23
ISK15,793
Regular dress
from H&M or similar store
$43.48
 
$59.69
ISK8,475
Running shoes
Nike or Adidas
$85.12
 
$148.00
ISK21,013

Improve prices ·
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: February 2025
Share this

Compare countries by overall cost of living

See the cost of living in United States vs. Iceland. This provides a comparison of the average cost of living from cities within United States and Iceland.

Help us improve these prices

MyLifeElsewhere is a collaborative project. Please enter price information for your location to help assist us in making these comparisons more accurate. Learn more

ASK THE ELSEWHERE COMMUNITY

Join the Elsewhere community and ask a question about Iceland or Tennessee. It's a free, question-and-answer based forum to discuss what life is like in countries and cities around the world.