Cost of Living Comparison Between Finland and Iceland 
| Indices Difference |  |
|---|---|
| Consumer Prices in Iceland are 30.7% higher than in Finland (without rent) | |
| Consumer Prices Including Rent in Iceland are 45.6% higher than in Finland | |
| Rent Prices in Iceland are 97.3% higher than in Finland | |
| Restaurant Prices in Iceland are 35.5% higher than in Finland | |
| Groceries Prices in Iceland are 40.4% higher than in Finland | |
| Local Purchasing Power in Iceland is 1.6% higher than in Finland | |
Restaurants | Finland Edit |
Iceland Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
14.00 € (2,098.60 kr) |
20.01 € (3,000.00 kr) |
+43.0 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
80.00 € (11,992.02 kr) |
109.68 € (16,440.80 kr) |
+37.1 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
10.00 € (1,499.00 kr) |
15.34 € (2,299.00 kr) |
+53.4 % |
| Domestic Beer (1 pint draught) |
7.00 € (1,049.30 kr) |
9.34 € (1,400.00 kr) |
+33.4 % |
| Imported Beer (12 oz small bottle) |
7.00 € (1,049.30 kr) |
8.01 € (1,200.00 kr) |
+14.4 % |
| Cappuccino (regular) |
4.17 € (624.59 kr) |
4.52 € (677.01 kr) |
+8.4 % |
| Coke/Pepsi (12 oz small bottle) |
2.50 € (375.13 kr) |
2.62 € (392.21 kr) |
+4.6 % |
| Water (12 oz small bottle) |
1.72 € (257.19 kr) |
1.94 € (290.74 kr) |
+13.0 % |
Markets | Finland Edit |
Iceland Edit | |
| Milk (regular), (1 gallon) |
4.00 € (599.92 kr) |
5.62 € (842.21 kr) |
+40.4 % |
| Loaf of Fresh White Bread (1 lb) |
2.17 € (325.68 kr) |
2.91 € (436.03 kr) |
+33.9 % |
| Rice (white), (1 lb) |
1.08 € (161.35 kr) |
1.32 € (198.49 kr) |
+23.0 % |
| Eggs (regular) (12) |
2.90 € (434.66 kr) |
5.31 € (795.67 kr) |
+83.1 % |
| Local Cheese (1 lb) |
3.50 € (524.32 kr) |
6.11 € (916.39 kr) |
+74.8 % |
| Chicken Fillets (1 lb) |
5.09 € (763.36 kr) |
7.80 € (1,168.50 kr) |
+53.1 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
8.50 € (1,273.72 kr) |
12.97 € (1,944.92 kr) |
+52.7 % |
| Apples (1 lb) |
1.00 € (149.54 kr) |
1.31 € (197.03 kr) |
+31.8 % |
| Banana (1 lb) |
0.79 € (118.63 kr) |
0.93 € (139.21 kr) |
+17.3 % |
| Oranges (1 lb) |
0.99 € (149.00 kr) |
1.14 € (171.23 kr) |
+14.9 % |
| Tomato (1 lb) |
1.70 € (255.06 kr) |
1.95 € (292.63 kr) |
+14.7 % |
| Potato (1 lb) |
0.54 € (80.78 kr) |
1.29 € (192.77 kr) |
+138.6 % |
| Onion (1 lb) |
0.74 € (111.04 kr) |
0.80 € (120.39 kr) |
+8.4 % |
| Lettuce (1 head) |
1.82 € (272.68 kr) |
2.90 € (434.00 kr) |
+59.2 % |
| Water (1.5 liter bottle) |
1.61 € (240.82 kr) |
1.96 € (293.70 kr) |
+22.0 % |
| Bottle of Wine (Mid-Range) |
12.75 € (1,911.23 kr) |
18.35 € (2,750.00 kr) |
+43.9 % |
| Domestic Beer (0.5 liter bottle) |
2.82 € (422.62 kr) |
2.93 € (439.70 kr) |
+4.0 % |
| Imported Beer (12 oz small bottle) |
3.29 € (492.89 kr) |
2.47 € (369.58 kr) |
-25.0 % |
| Cigarettes 20 Pack (Marlboro) |
10.00 € (1,499.00 kr) |
10.67 € (1,600.00 kr) |
+6.7 % |
Transportation | Finland Edit |
Iceland Edit | |
| One-way Ticket (Local Transport) |
3.00 € (449.70 kr) |
3.80 € (570.00 kr) |
+26.8 % |
| Monthly Pass (Regular Price) |
59.40 € (8,904.07 kr) |
62.04 € (9,300.00 kr) |
+4.4 % |
| Taxi Start (Normal Tariff) |
7.00 € (1,049.30 kr) |
4.87 € (730.00 kr) |
-30.4 % |
| Taxi 1 mile (Normal Tariff) |
2.41 € (361.86 kr) |
3.48 € (521.43 kr) |
+44.1 % |
| Taxi 1hour Waiting (Normal Tariff) |
50.00 € (7,495.01 kr) |
62.44 € (9,360.00 kr) |
+24.9 % |
| Gasoline (1 gallon) |
7.39 € (1,107.33 kr) |
7.85 € (1,176.44 kr) |
+6.2 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
28,550.00 € (4,279,651.06 kr) |
34,656.39 € (5,195,000.00 kr) |
+21.4 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
29,672.78 € (4,447,956.15 kr) |
39,063.61 € (5,855,642.86 kr) |
+31.6 % |
Utilities (Monthly) | Finland Edit |
Iceland Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
118.99 € (17,836.42 kr) |
98.58 € (14,777.57 kr) |
-17.1 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
26.40 € (3,957.24 kr) |
22.15 € (3,320.53 kr) |
-16.1 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
20.94 € (3,138.83 kr) |
65.80 € (9,864.12 kr) |
+214.3 % |
Sports And Leisure | Finland Edit |
Iceland Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
40.74 € (6,106.41 kr) |
59.14 € (8,865.14 kr) |
+45.2 % |
| Tennis Court Rent (1 Hour on Weekend) |
24.62 € (3,690.21 kr) |
28.34 € (4,248.33 kr) |
+15.1 % |
| Cinema, International Release, 1 Seat |
15.00 € (2,248.50 kr) |
13.34 € (2,000.00 kr) |
-11.1 % |
Childcare | Finland Edit |
Iceland Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
295.96 € (44,364.50 kr) |
250.42 € (37,538.56 kr) |
-15.4 % |
| International Primary School, Yearly for 1 Child |
8,597.68 € (1,288,794.33 kr) |
5,178.44 € (776,250.00 kr) |
-39.8 % |
Clothing And Shoes | Finland Edit |
Iceland Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
82.19 € (12,320.16 kr) |
108.16 € (16,213.77 kr) |
+31.6 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
33.68 € (5,047.91 kr) |
47.32 € (7,093.68 kr) |
+40.5 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
81.03 € (12,145.91 kr) |
140.05 € (20,993.55 kr) |
+72.8 % |
| 1 Pair of Men Leather Business Shoes |
112.51 € (16,864.69 kr) |
165.83 € (24,857.73 kr) |
+47.4 % |
Rent Per Month | Finland Edit |
Iceland Edit | |
| Apartment (1 bedroom) in City Centre |
784.81 € (117,643.56 kr) |
1,619.33 € (242,737.74 kr) |
+106.3 % |
| Apartment (1 bedroom) Outside of Centre |
641.27 € (96,125.98 kr) |
1,441.30 € (216,051.40 kr) |
+124.8 % |
| Apartment (3 bedrooms) in City Centre |
1,307.75 € (196,031.38 kr) |
2,275.33 € (341,073.17 kr) |
+74.0 % |
| Apartment (3 bedrooms) Outside of Centre |
1,015.04 € (152,155.35 kr) |
2,059.26 € (308,684.21 kr) |
+102.9 % |
Buy Apartment Price | Finland Edit |
Iceland Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
483.66 € (72,500.62 kr) |
497.20 € (74,530.04 kr) |
+2.8 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
319.51 € (47,894.44 kr) |
402.14 € (60,280.64 kr) |
+25.9 % |
Salaries And Financing | Finland Edit |
Iceland Edit | |
| Average Monthly Net Salary (After Tax) |
2,617.42 € (392,351.88 kr) |
3,873.20 € (580,593.38 kr) |
+48.0 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 3.30 | 7.37 | +123.1 % |
| Last update: | May 2024 | April 2024 | |
| Contributors in the past 12 months: | 490 | 199 |
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