Iceland vs. Uruguay Cost of Living Summary

Iceland is 83.9% more expensive than Uruguay overall.

Restaurants
pay 65.6% more in Iceland
Groceries
pay 60.5% more in Iceland
Transportation
pay 36.7% more in Iceland
Housing
pay 2.6 times more in Iceland
Childcare
pay 2.2 times more in Iceland
Entertainment and Sports
pay 2.0 times more in Iceland
Clothing
pay 49.7% more in Iceland

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

Iceland vs. Uruguay Cost Breakdown

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

pay 65.6% more for restaurants

 
Uruguay
Iceland
Basic meal with drink at inexpensive restaurant $18.91
UYU741.43
$26.52
ISK3,332
Fast food combo meal
McDonalds, or similar
$11.15
UYU437.20
$21.32
ISK2,678
Bottle of Coca-Cola (11 fl. oz) $2.07
UYU81.12
$3.11
ISK391

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pay 60.5% more for groceries

 
Uruguay
Iceland
Bread
1 loaf
$2.50
UYU97.81
$3.80
ISK478
Local cheese (8 oz) $7.13
UYU279.53
$9.44
ISK1,186
Milk (1 gallon) $4.42
UYU173.10
$7.78
ISK977

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pay 36.7% more for transportation

 
Uruguay
Iceland
Gasoline (1 gallon) $7.29
UYU285.93
$9.65
ISK1,213
Monthly public transit pass $50.38
UYU1,974.96
$79.56
ISK9,995
New Volkswagen Golf 1.4 (standard edition) $35,912.71
UYU1,407,741.84
$49,144.25
ISK6,173,992

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pay 2.6 times more for housing

 
Uruguay
Iceland
Internet connection
50 mbps or faster, cable/dsl
$39.55
UYU1,550.42
$95.65
ISK12,016
1-Bedroom apartment in downtown area $657.18
UYU25,760.90
$2,289.17
ISK287,588
1-Bedroom apartment outside city center $493.59
UYU19,348.21
$1,830.04
ISK229,909

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pay 2.2 times more for childcare

 
Uruguay
Iceland
Private preschool for 1 child, monthly $485.40
UYU19,027.19
$334.67
ISK42,044
Middle school for 1 child, two semesters $8,353.42
UYU327,445.46
$30,711.08
ISK3,858,233

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pay 2.0 times more for entertainment and sports

 
Uruguay
Iceland
Domestic/local beer (1 pint) $3.70
UYU144.90
$11.14
ISK1,400
Cappuccino in mid-range area $4.13
UYU161.87
$5.62
ISK707
Pack of cigarettes
Marlboro or similar
$5.51
UYU216.17
$13.90
ISK1,746

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pay 49.7% more for clothing

 
Uruguay
Iceland
Regular jeans
Levi's brand
$84.21
UYU3,301.02
$130.91
ISK16,446
Regular dress
from H&M or similar store
$50.56
UYU1,982.07
$61.83
ISK7,768
Running shoes
Nike or Adidas
$126.88
UYU4,973.56
$163.81
ISK20,580

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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: December 2025
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