Iceland vs. Thailand Cost of Living Summary

Iceland is 2.7 times more expensive than Thailand overall.

Restaurants
pay 5.1 times more in Iceland
Groceries
pay 2.1 times more in Iceland
Transportation
pay 2.1 times more in Iceland
Housing
pay 4.2 times more in Iceland
Childcare
pay 33.2% less in Iceland
Entertainment and Sports
pay 2.7 times more in Iceland
Clothing
pay 2.4 times more in Iceland

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

Iceland vs. Thailand Cost Breakdown

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

pay 5.1 times more for restaurants

 
Thailand
Iceland
Basic meal with drink at inexpensive restaurant $2.33
THB75.37
$19.40
ISK2,346
Fast food combo meal
McDonalds, or similar
$6.02
THB194.46
$16.94
ISK2,049
Bottle of Coca-Cola (11 fl. oz) $0.70
THB22.76
$2.81
ISK340

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pay 2.1 times more for groceries

 
Thailand
Iceland
Bread
1 loaf
$1.40
THB45.20
$2.95
ISK357
Local cheese (8 oz) $8.16
THB263.66
$7.27
ISK879
Milk (1 gallon) $6.68
THB215.92
$6.01
ISK726

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pay 2.1 times more for transportation

 
Thailand
Iceland
Gasoline (1 gallon) $4.47
THB144.30
$8.36
ISK1,011
Monthly public transit pass $25.43
THB821.54
$71.28
ISK8,620
New Volkswagen Golf 1.4 (standard edition) $31,362.48
THB1,013,079.30
$40,660.66
ISK4,917,094

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pay 4.2 times more for housing

 
Thailand
Iceland
Internet connection
50 mbps or faster, cable/dsl
$17.13
THB553.48
$72.17
ISK8,728
1-Bedroom apartment in downtown area $389.22
THB12,572.69
$1,838.04
ISK222,274
1-Bedroom apartment outside city center $225.23
THB7,275.59
$1,497.77
ISK181,125

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pay 33.2% less for childcare

 
Thailand
Iceland
Private preschool for 1 child, monthly $341.66
THB11,036.34
$258.16
ISK31,220
Middle school for 1 child, two semesters $10,344.18
THB334,140.44
$5,993.99
ISK724,854

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pay 2.7 times more for entertainment and sports

 
Thailand
Iceland
Domestic/local beer (1 pint) $2.20
THB71.06
$9.19
ISK1,111
Cappuccino in mid-range area $1.90
THB61.36
$4.65
ISK562
Pack of cigarettes
Marlboro or similar
$3.85
THB124.28
$11.76
ISK1,422

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pay 2.4 times more for clothing

 
Thailand
Iceland
Regular jeans
Levi's brand
$38.62
THB1,247.44
$111.23
ISK13,451
Regular dress
from H&M or similar store
$29.36
THB948.41
$59.69
ISK7,218
Running shoes
Nike or Adidas
$82.78
THB2,674.03
$148.00
ISK17,898

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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: July 2025
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