Cost of living comparison

Uruguay

compared to

Iceland

Iceland vs. Uruguay Cost of Living Summary

Iceland is 96.2% more expensive than Uruguay overall.

Restaurants: pay 79.5% more in Iceland
Groceries: pay 54.6% more in Iceland
Transportation: pay 40.5% more in Iceland
Housing: pay 2.8 times more in Iceland
Childcare: pay 2.5 times more in Iceland
Entertainment and Sports: pay 84.6% more in Iceland
Clothing: pay 46.6% 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.

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Iceland vs. Uruguay Cost Breakdown

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

Display currency: USD

pay 79.5% more for restaurants

	Uruguay	Iceland
Basic meal with drink at inexpensive restaurant	$14.77 UYU595.28	$28.88 ISK3,499	+95.6%
Fast food combo meal McDonalds, or similar	$13.18 UYU531.47	$22.83 ISK2,767	+73.2%
Bottle of Coca-Cola (11 fl. oz)	$2.28 UYU92.10	$3.25 ISK393	+42.1%
Bottle of water (11 fl. oz)	$1.73 UYU69.57	$3.01 ISK365	+74.4%
Average			+79.5%

Uruguay vs. Iceland - Cost of restaurants

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pay 54.6% more for groceries

	Uruguay	Iceland
Bread 1 loaf	$2.54 UYU102.53	$3.55 ISK431	+39.7%
Local cheese (8 oz)	$6.45 UYU259.86	$10.11 ISK1,226	+56.9%
Milk (1 gallon)	$4.76 UYU192.09	$7.79 ISK944	+63.5%
Eggs 1 dozen	$4.37 UYU176.13	$6.92 ISK839	+58.5%
Boneless chicken breast (1 lb)	$4.88 UYU196.91	$11.01 ISK1,334	+125.4%
Apples (1 lb)	$1.11 UYU44.93	$1.43 ISK173	+27.9%
Bananas (1 lb)	$1.06 UYU42.63	$1.23 ISK148	+15.9%
Oranges (1 lb)	$0.67 UYU27.20	$1.42 ISK172	+110.0%
Tomatoes (1 lb)	$1.51 UYU61.00	$2.60 ISK315	+72.0%
Potatoes (1 lb)	$0.81 UYU32.67	$1.71 ISK207	+110.9%
Onions (1 lb)	$0.91 UYU36.53	$0.76 ISK92	-16.5%
Average			+54.6%

Uruguay vs. Iceland - Cost of groceries

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pay 40.5% more for transportation

	Uruguay	Iceland
Gasoline (1 gallon)	$7.82 UYU315.46	$8.09 ISK980	+3.3%
Monthly public transit pass	$50.87 UYU2,050.63	$80.58 ISK9,765	+58.4%
New Volkswagen Golf 1.4 (standard edition)	$29,807.93 UYU1M	$48,967.53 ISK6M	+64.3%
Taxi trip in downtown area (5 miles)	$13.74 UYU553.81	$26.24 ISK3,179	+91.0%
Average			+40.5%

Uruguay vs. Iceland - Cost of transportation

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pay 2.8 times more for housing

	Uruguay	Iceland
Internet connection 50 mbps or faster, cable/dsl	$39.12 UYU1,577.07	$98.24 ISK11,905	+151.1%
1-Bedroom apartment in downtown area	$658.65 UYU26,553.22	$2,335.24 ISK283K	+254.6%
1-Bedroom apartment outside city center	$494.58 UYU19,939.10	$1,824.40 ISK221K	+268.9%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$105.91 UYU4,269.85	$72.34 ISK8,766	-31.7%
Average			+176.6%

Uruguay vs. Iceland - Cost of housing

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pay 2.5 times more for childcare

	Uruguay	Iceland
Private preschool for 1 child, monthly	$530.72 UYU21,395.78	$833.66 ISK101K	+57.1%
Middle school for 1 child, two semesters	$7,084.27 UYU286K	$27,752.37 ISK3M	+291.7%
Average			+148.1%

Uruguay vs. Iceland - Cost of childcare

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pay 84.6% more for entertainment and sports

	Uruguay	Iceland
Domestic/local beer (1 pint)	$3.88 UYU156.23	$11.37 ISK1,378	+193.5%
Cappuccino in mid-range area	$4.38 UYU176.69	$5.90 ISK715	+34.6%
Pack of cigarettes Marlboro or similar	$5.69 UYU229.52	$13.85 ISK1,679	+143.3%
Monthly membership at local gym	$49.86 UYU2,010.23	$83.64 ISK10,136	+67.7%
Movie ticket to theater/cinema	$11.10 UYU447.32	$17.92 ISK2,171	+61.5%
Average			+84.6%

Uruguay vs. Iceland - Cost of entertainment and sports

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pay 46.6% more for clothing

	Uruguay	Iceland
Regular jeans Levi's brand	$83.65 UYU3,372.20	$134.47 ISK16,295	+60.8%
Regular dress from H&M or similar store	$52.03 UYU2,097.62	$63.25 ISK7,664	+21.6%
Running shoes Nike or Adidas	$127.51 UYU5,140.53	$159.03 ISK19,271	+24.7%
Men's business shoes (leather)	$125.09 UYU5,042.88	$237.19 ISK28,742	+89.6%
Average			+46.6%

Uruguay 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: Uruguay vs. Iceland

Salary Calculator · Free tool

What salary would you need in Iceland?

Quality of Life Comparison · 18 statistics

Make 3.9 times more money in Iceland

Size Comparison · See true size

Uruguay is about 1.7 times bigger than Iceland.

Moving from Uruguay to Iceland · OECD 2023

1 people moved from Uruguay to Iceland.

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