Cost of living comparison
Iceland is 19.2% more expensive than Texas.
- Restaurants
-
pay 27.4% more in Iceland
- Groceries
-
pay 14.7% more in Iceland
- Transportation
-
pay 59.6% more in Iceland
- Housing
-
pay 2.2% less in Iceland
- Childcare
-
pay 74.0% less in Iceland
- Entertainment and Sports
-
pay 35.2% more in Iceland
- Clothing
-
pay 73.6% more in Iceland
The cost of clothing, transportation, entertainment and sports, restaurants, and groceries in Iceland are more expensive than in Texas. Expenses including childcare and housing are lower in Iceland.
If you lived in Iceland instead of Texas, you would:
pay 27.4% more for restaurants
|
Texas
|
Iceland
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$17.27
|
$19.40
ISK2,740
|
|
|
Fast food combo meal
McDonalds, or similar
|
$9.75
|
$16.94
ISK2,393
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.43
|
$2.81
ISK397
|
|
| Bottle of water (11 fl. oz) |
$1.88
|
$2.02
ISK286
|
|
pay 14.7% more for groceries
|
Texas
|
Iceland
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$3.09
|
$2.95
ISK417
|
|
| Local cheese (8 oz) |
$6.03
|
$7.27
ISK1,026
|
|
| Milk (1 gallon) |
$3.67
|
$6.01
ISK848
|
|
|
Eggs
1 dozen
|
$3.36
|
$5.42
ISK765
|
|
| Boneless chicken breast (1 lb) |
$5.01
|
$8.51
ISK1,202
|
|
| Apples (1 lb) |
$2.10
|
$1.22
ISK173
|
|
| Bananas (1 lb) |
$0.66
|
$1.03
ISK145
|
|
| Oranges (1 lb) |
$1.92
|
$1.17
ISK165
|
|
| Tomatoes (1 lb) |
$1.64
|
$1.87
ISK265
|
|
| Potatoes (1 lb) |
$1.28
|
$1.23
ISK174
|
|
| Onions (1 lb) |
$1.20
|
$0.78
ISK111
|
|
pay 59.6% more for transportation
|
Texas
|
Iceland
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$2.93
|
$8.36
ISK1,181
|
|
| Monthly public transit pass |
$63.02
|
$71.28
ISK10,067
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$32,552.44
|
$40,660.66
ISK5,742,912
|
|
| Taxi trip in downtown area (5 miles) |
$19.17
|
$22.04
ISK3,112
|
|
pay 2.2% less for housing
|
Texas
|
Iceland
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$72.55
|
$72.17
ISK10,194
|
|
| 1-Bedroom apartment in downtown area |
$1,374.92
|
$1,838.04
ISK259,604
|
|
| 1-Bedroom apartment outside city center |
$1,217.13
|
$1,497.77
ISK211,545
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$166.57
|
$58.01
ISK8,194
|
|
pay 74.0% less for childcare
|
Texas
|
Iceland
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$1,230.53
|
$258.16
ISK36,463
|
|
| Middle school for 1 child, two semesters |
$19,254.84
|
$5,993.99
ISK846,592
|
|
pay 35.2% more for entertainment and sports
|
Texas
|
Iceland
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$5.20
|
$9.19
ISK1,298
|
|
| Cappuccino in mid-range area |
$5.04
|
$4.65
ISK657
|
|
|
Pack of cigarettes
Marlboro or similar
|
$8.80
|
$11.76
ISK1,660
|
|
| Monthly membership at local gym |
$38.01
|
$61.46
ISK8,681
|
|
| Movie ticket to theater/cinema |
$12.81
|
$14.35
ISK2,027
|
|
pay 73.6% more for clothing
|
Texas
|
Iceland
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$51.31
|
$111.23
ISK15,710
|
|
|
Regular dress
from H&M or similar store
|
$38.62
|
$59.69
ISK8,430
|
|
|
Running shoes
Nike or Adidas
|
$87.49
|
$148.00
ISK20,903
|
|
| Men's business shoes (leather) |
$120.01
|
$184.49
ISK26,058
|
|
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