Cost of Living Comparison Between Germany and Iceland 
| Indices Difference |  |
|---|---|
| Consumer Prices in Iceland are 34.4% higher than in Germany (without rent) | |
| Consumer Prices Including Rent in Iceland are 41.2% higher than in Germany | |
| Rent Prices in Iceland are 59.6% higher than in Germany | |
| Restaurant Prices in Iceland are 63.1% higher than in Germany | |
| Groceries Prices in Iceland are 44.4% higher than in Germany | |
| Local Purchasing Power in Iceland is 3.4% lower than in Germany | |
Restaurants | Germany Edit |
Iceland Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
13.00 € (1,951.44 kr) |
19.99 € (3,000.00 kr) |
+53.7 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
60.00 € (9,006.66 kr) |
109.32 € (16,410.20 kr) |
+82.2 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
10.00 € (1,501.11 kr) |
15.32 € (2,299.00 kr) |
+53.2 % |
| Domestic Beer (1 pint draught) |
4.00 € (600.44 kr) |
9.33 € (1,400.00 kr) |
+133.2 % |
| Imported Beer (12 oz small bottle) |
4.00 € (600.44 kr) |
7.99 € (1,200.00 kr) |
+99.9 % |
| Cappuccino (regular) |
3.31 € (496.92 kr) |
4.51 € (676.87 kr) |
+36.2 % |
| Coke/Pepsi (12 oz small bottle) |
2.68 € (402.78 kr) |
2.61 € (392.05 kr) |
-2.7 % |
| Water (12 oz small bottle) |
2.40 € (360.42 kr) |
1.94 € (290.69 kr) |
-19.3 % |
Markets | Germany Edit |
Iceland Edit | |
| Milk (regular), (1 gallon) |
3.95 € (593.37 kr) |
5.61 € (842.21 kr) |
+41.9 % |
| Loaf of Fresh White Bread (1 lb) |
1.78 € (267.04 kr) |
2.90 € (436.03 kr) |
+63.3 % |
| Rice (white), (1 lb) |
1.24 € (186.72 kr) |
1.32 € (198.48 kr) |
+6.3 % |
| Eggs (regular) (12) |
3.33 € (499.45 kr) |
5.30 € (795.54 kr) |
+59.3 % |
| Local Cheese (1 lb) |
5.68 € (853.30 kr) |
6.10 € (916.39 kr) |
+7.4 % |
| Chicken Fillets (1 lb) |
6.70 € (1,005.17 kr) |
7.76 € (1,164.19 kr) |
+15.8 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
7.30 € (1,095.89 kr) |
12.96 € (1,944.92 kr) |
+77.5 % |
| Apples (1 lb) |
1.18 € (177.35 kr) |
1.31 € (197.02 kr) |
+11.1 % |
| Banana (1 lb) |
0.60 € (89.57 kr) |
0.92 € (138.32 kr) |
+54.4 % |
| Oranges (1 lb) |
0.92 € (138.13 kr) |
1.14 € (171.22 kr) |
+24.0 % |
| Tomato (1 lb) |
1.36 € (204.75 kr) |
1.95 € (292.63 kr) |
+42.9 % |
| Potato (1 lb) |
0.67 € (101.03 kr) |
1.28 € (192.77 kr) |
+90.8 % |
| Onion (1 lb) |
0.72 € (108.26 kr) |
0.80 € (120.37 kr) |
+11.2 % |
| Lettuce (1 head) |
1.86 € (278.69 kr) |
2.89 € (434.00 kr) |
+55.7 % |
| Water (1.5 liter bottle) |
0.85 € (127.65 kr) |
1.96 € (293.65 kr) |
+130.0 % |
| Bottle of Wine (Mid-Range) |
5.99 € (899.16 kr) |
18.32 € (2,750.00 kr) |
+205.8 % |
| Domestic Beer (0.5 liter bottle) |
0.86 € (128.81 kr) |
2.93 € (439.70 kr) |
+241.4 % |
| Imported Beer (12 oz small bottle) |
1.44 € (215.90 kr) |
2.46 € (369.58 kr) |
+71.2 % |
| Cigarettes 20 Pack (Marlboro) |
8.20 € (1,230.91 kr) |
10.66 € (1,600.00 kr) |
+30.0 % |
Transportation | Germany Edit |
Iceland Edit | |
| One-way Ticket (Local Transport) |
3.00 € (450.33 kr) |
3.80 € (570.00 kr) |
+26.6 % |
| Monthly Pass (Regular Price) |
49.00 € (7,355.44 kr) |
61.95 € (9,300.00 kr) |
+26.4 % |
| Taxi Start (Normal Tariff) |
4.45 € (667.99 kr) |
4.86 € (730.00 kr) |
+9.3 % |
| Taxi 1 mile (Normal Tariff) |
3.38 € (507.32 kr) |
3.47 € (521.43 kr) |
+2.8 % |
| Taxi 1hour Waiting (Normal Tariff) |
30.00 € (4,503.33 kr) |
62.35 € (9,360.00 kr) |
+107.8 % |
| Gasoline (1 gallon) |
6.63 € (995.23 kr) |
7.84 € (1,176.35 kr) |
+18.2 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
27,180.00 € (4,080,015.55 kr) |
34,607.74 € (5,195,000.00 kr) |
+27.3 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
27,693.44 € (4,157,088.90 kr) |
39,008.77 € (5,855,642.86 kr) |
+40.9 % |
Utilities (Monthly) | Germany Edit |
Iceland Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
290.94 € (43,673.04 kr) |
98.40 € (14,770.31 kr) |
-66.2 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
19.25 € (2,889.86 kr) |
22.12 € (3,320.53 kr) |
+14.9 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
46.01 € (6,906.83 kr) |
65.72 € (9,865.84 kr) |
+42.8 % |
Sports And Leisure | Germany Edit |
Iceland Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
33.86 € (5,082.69 kr) |
59.06 € (8,865.14 kr) |
+74.4 % |
| Tennis Court Rent (1 Hour on Weekend) |
20.24 € (3,038.27 kr) |
28.30 € (4,248.33 kr) |
+39.8 % |
| Cinema, International Release, 1 Seat |
12.00 € (1,801.33 kr) |
13.32 € (2,000.00 kr) |
+11.0 % |
Childcare | Germany Edit |
Iceland Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
396.25 € (59,481.22 kr) |
250.07 € (37,538.56 kr) |
-36.9 % |
| International Primary School, Yearly for 1 Child |
12,003.59 € (1,801,870.58 kr) |
5,171.18 € (776,250.00 kr) |
-56.9 % |
Clothing And Shoes | Germany Edit |
Iceland Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
78.28 € (11,750.10 kr) |
108.01 € (16,213.77 kr) |
+38.0 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
36.86 € (5,533.71 kr) |
47.26 € (7,093.68 kr) |
+28.2 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
83.99 € (12,607.10 kr) |
139.85 € (20,993.55 kr) |
+66.5 % |
| 1 Pair of Men Leather Business Shoes |
111.14 € (16,683.01 kr) |
165.60 € (24,857.73 kr) |
+49.0 % |
Rent Per Month | Germany Edit |
Iceland Edit | |
| Apartment (1 bedroom) in City Centre |
924.55 € (138,785.65 kr) |
1,616.94 € (242,720.26 kr) |
+74.9 % |
| Apartment (1 bedroom) Outside of Centre |
702.04 € (105,383.46 kr) |
1,439.34 € (216,060.18 kr) |
+105.0 % |
| Apartment (3 bedrooms) in City Centre |
1,707.49 € (256,312.83 kr) |
2,272.14 € (341,073.17 kr) |
+33.1 % |
| Apartment (3 bedrooms) Outside of Centre |
1,295.65 € (194,491.67 kr) |
2,058.48 € (309,000.00 kr) |
+58.9 % |
Buy Apartment Price | Germany Edit |
Iceland Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
548.33 € (82,310.42 kr) |
496.50 € (74,530.04 kr) |
-9.5 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
438.54 € (65,829.88 kr) |
404.59 € (60,733.73 kr) |
-7.7 % |
Salaries And Financing | Germany Edit |
Iceland Edit | |
| Average Monthly Net Salary (After Tax) |
2,830.05 € (424,821.98 kr) |
3,858.09 € (579,140.96 kr) |
+36.3 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 3.98 | 7.37 | +85.3 % |
| Last update: | April 2024 | April 2024 | |
| Contributors in the past 12 months: | 3239 | 197 |
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