Cost of living comparison

Thailand

compared to

Iceland

Iceland vs. Thailand Cost of Living Summary

Iceland is 3.2 times more expensive than Thailand overall.

Restaurants: pay 6.1 times more in Iceland
Groceries: pay 2.1 times more in Iceland
Transportation: pay 88.1% more in Iceland
Housing: pay 4.8 times more in Iceland
Childcare: pay 97.3% more in Iceland
Entertainment and Sports: pay 2.9 times more in Iceland
Clothing: pay 2.4 times more in Iceland

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

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Iceland vs. Thailand Cost Breakdown

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

Display currency: USD

pay 6.1 times more for restaurants

	Thailand	Iceland
Basic meal with drink at inexpensive restaurant	$2.89 THB96.05	$28.88 ISK3,499	+900.1%
Fast food combo meal McDonalds, or similar	$6.99 THB232.42	$22.83 ISK2,767	+226.8%
Bottle of Coca-Cola (11 fl. oz)	$0.75 THB24.81	$3.25 ISK393	+335.2%
Bottle of water (11 fl. oz)	$0.37 THB12.19	$3.01 ISK365	+721.7%
Average			+510.1%

Thailand vs. Iceland - Cost of restaurants

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pay 2.1 times more for groceries

	Thailand	Iceland
Bread 1 loaf	$1.34 THB44.43	$3.55 ISK431	+166.0%
Local cheese (8 oz)	$7.95 THB264.36	$10.11 ISK1,226	+27.3%
Milk (1 gallon)	$7.12 THB236.74	$7.79 ISK944	+9.5%
Eggs 1 dozen	$2.06 THB68.55	$6.92 ISK839	+236.0%
Boneless chicken breast (1 lb)	$1.37 THB45.52	$11.01 ISK1,334	+704.8%
Apples (1 lb)	$1.35 THB44.98	$1.43 ISK173	+5.4%
Bananas (1 lb)	$0.57 THB18.99	$1.23 ISK148	+114.6%
Oranges (1 lb)	$0.93 THB31.07	$1.42 ISK172	+51.7%
Tomatoes (1 lb)	$0.82 THB27.38	$2.60 ISK315	+216.3%
Potatoes (1 lb)	$0.72 THB24.01	$1.71 ISK207	+136.8%
Onions (1 lb)	$0.57 THB18.88	$0.76 ISK92	+33.3%
Average			+109.6%

Thailand vs. Iceland - Cost of groceries

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pay 88.1% more for transportation

	Thailand	Iceland
Gasoline (1 gallon)	$5.07 THB168.49	$8.09 ISK980	+59.6%
Monthly public transit pass	$32.87 THB1,093.53	$80.58 ISK9,765	+145.1%
New Volkswagen Golf 1.4 (standard edition)	$29,201.01 THB971K	$48,967.53 ISK6M	+67.7%
Taxi trip in downtown area (5 miles)	$10.77 THB358.41	$26.24 ISK3,179	+143.5%
Average			+88.1%

Thailand vs. Iceland - Cost of transportation

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pay 4.8 times more for housing

	Thailand	Iceland
Internet connection 50 mbps or faster, cable/dsl	$19.17 THB637.71	$98.24 ISK11,905	+412.5%
1-Bedroom apartment in downtown area	$407.64 THB13,560.34	$2,335.24 ISK283K	+472.9%
1-Bedroom apartment outside city center	$268.13 THB8,919.39	$1,824.40 ISK221K	+580.4%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$60.86 THB2,024.59	$72.34 ISK8,766	+18.9%
Average			+382.0%

Thailand vs. Iceland - Cost of housing

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pay 97.3% more for childcare

	Thailand	Iceland
Private preschool for 1 child, monthly	$515.68 THB17,154.28	$833.66 ISK101K	+61.7%
Middle school for 1 child, two semesters	$11,528.28 THB383K	$27,752.37 ISK3M	+140.7%
Average			+97.3%

Thailand vs. Iceland - Cost of childcare

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pay 2.9 times more for entertainment and sports

	Thailand	Iceland
Domestic/local beer (1 pint)	$2.10 THB69.86	$11.37 ISK1,378	+441.6%
Cappuccino in mid-range area	$2.00 THB66.47	$5.90 ISK715	+195.1%
Pack of cigarettes Marlboro or similar	$4.15 THB138.07	$13.85 ISK1,679	+233.8%
Monthly membership at local gym	$50.07 THB1,665.52	$83.64 ISK10,136	+67.1%
Movie ticket to theater/cinema	$6.05 THB201.30	$17.92 ISK2,171	+196.1%
Average			+192.9%

Thailand vs. Iceland - Cost of entertainment and sports

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pay 2.4 times more for clothing

	Thailand	Iceland
Regular jeans Levi's brand	$44.30 THB1,473.73	$134.47 ISK16,295	+203.5%
Regular dress from H&M or similar store	$32.84 THB1,092.57	$63.25 ISK7,664	+92.6%
Running shoes Nike or Adidas	$83.65 THB2,782.57	$159.03 ISK19,271	+90.1%
Men's business shoes (leather)	$77.91 THB2,591.55	$237.19 ISK28,742	+204.5%
Average			+141.2%

Thailand vs. Iceland - Cost of clothing

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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

Compare further: Thailand vs. Iceland

Salary Calculator · Free tool

What salary would you need in Iceland?

Quality of Life Comparison · 20 statistics

Make 12.2 times more money in Iceland

Size Comparison · See true size

Thailand is about 5 times bigger than Iceland.

Moving from Thailand to Iceland · OECD 2023

46 people moved from Thailand to Iceland.

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