Cost of Living Comparison Between Germany and Iceland 
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| Indices Difference |  |
|---|---|
| Consumer Prices in Iceland are 32.3% higher than in Germany (without rent) | |
| Consumer Prices Including Rent in Iceland are 39.4% higher than in Germany | |
| Rent Prices in Iceland are 59.0% higher than in Germany | |
| Restaurant Prices in Iceland are 61.5% higher than in Germany | |
| Groceries Prices in Iceland are 44.5% higher than in Germany | |
| Local Purchasing Power in Iceland is 0.9% lower than in Germany | |
Restaurants | Germany Edit |
Iceland Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
13.00 € (1,954.01 kr) |
19.96 € (3,000.00 kr) |
+53.5 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
60.00 € (9,018.52 kr) |
106.45 € (16,000.00 kr) |
+77.4 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
10.00 € (1,503.09 kr) |
15.30 € (2,299.50 kr) |
+53.0 % |
| Domestic Beer (1 pint draught) |
4.00 € (601.23 kr) |
9.54 € (1,433.26 kr) |
+138.4 % |
| Imported Beer (12 oz small bottle) |
4.00 € (601.23 kr) |
7.98 € (1,200.00 kr) |
+99.6 % |
| Cappuccino (regular) |
3.33 € (501.00 kr) |
4.55 € (684.26 kr) |
+36.6 % |
| Coke/Pepsi (12 oz small bottle) |
2.71 € (407.04 kr) |
2.61 € (392.88 kr) |
-3.5 % |
| Water (12 oz small bottle) |
2.41 € (362.71 kr) |
1.97 € (295.58 kr) |
-18.5 % |
Markets | Germany Edit |
Iceland Edit | |
| Milk (regular), (1 gallon) |
3.95 € (593.18 kr) |
5.66 € (851.36 kr) |
+43.5 % |
| Loaf of Fresh White Bread (1 lb) |
1.78 € (268.07 kr) |
2.90 € (436.03 kr) |
+62.7 % |
| Rice (white), (1 lb) |
1.25 € (187.18 kr) |
1.34 € (200.69 kr) |
+7.2 % |
| Eggs (regular) (12) |
3.33 € (500.61 kr) |
5.32 € (799.61 kr) |
+59.7 % |
| Local Cheese (1 lb) |
5.70 € (856.53 kr) |
6.14 € (922.17 kr) |
+7.7 % |
| Chicken Fillets (1 lb) |
6.67 € (1,002.99 kr) |
7.81 € (1,174.00 kr) |
+17.1 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
7.31 € (1,099.10 kr) |
12.94 € (1,944.92 kr) |
+77.0 % |
| Apples (1 lb) |
1.19 € (178.27 kr) |
1.31 € (197.01 kr) |
+10.5 % |
| Banana (1 lb) |
0.60 € (89.88 kr) |
0.93 € (139.15 kr) |
+54.8 % |
| Oranges (1 lb) |
0.92 € (138.31 kr) |
1.14 € (171.20 kr) |
+23.8 % |
| Tomato (1 lb) |
1.37 € (205.92 kr) |
1.95 € (292.63 kr) |
+42.1 % |
| Potato (1 lb) |
0.67 € (101.36 kr) |
1.28 € (192.76 kr) |
+90.2 % |
| Onion (1 lb) |
0.72 € (108.62 kr) |
0.80 € (120.35 kr) |
+10.8 % |
| Lettuce (1 head) |
1.86 € (279.14 kr) |
2.89 € (434.00 kr) |
+55.5 % |
| Water (1.5 liter bottle) |
0.85 € (127.44 kr) |
1.95 € (293.59 kr) |
+130.4 % |
| Bottle of Wine (Mid-Range) |
5.99 € (900.35 kr) |
18.30 € (2,750.00 kr) |
+205.4 % |
| Domestic Beer (0.5 liter bottle) |
0.86 € (129.02 kr) |
2.93 € (439.70 kr) |
+240.8 % |
| Imported Beer (12 oz small bottle) |
1.44 € (216.54 kr) |
2.46 € (369.58 kr) |
+70.7 % |
| Cigarettes 20 Pack (Marlboro) |
8.20 € (1,232.53 kr) |
10.64 € (1,600.00 kr) |
+29.8 % |
Transportation | Germany Edit |
Iceland Edit | |
| One-way Ticket (Local Transport) |
3.00 € (450.93 kr) |
3.79 € (570.00 kr) |
+26.4 % |
| Monthly Pass (Regular Price) |
49.00 € (7,365.13 kr) |
61.87 € (9,300.00 kr) |
+26.3 % |
| Taxi Start (Normal Tariff) |
4.40 € (661.36 kr) |
4.86 € (730.00 kr) |
+10.4 % |
| Taxi 1 mile (Normal Tariff) |
3.38 € (507.99 kr) |
3.24 € (487.63 kr) |
-4.0 % |
| Taxi 1hour Waiting (Normal Tariff) |
30.00 € (4,509.26 kr) |
62.27 € (9,360.00 kr) |
+107.6 % |
| Gasoline (1 gallon) |
6.63 € (996.75 kr) |
7.84 € (1,178.77 kr) |
+18.3 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
27,180.00 € (4,085,391.21 kr) |
35,194.23 € (5,290,000.00 kr) |
+29.5 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
27,700.76 € (4,163,666.19 kr) |
38,420.37 € (5,774,916.67 kr) |
+38.7 % |
Utilities (Monthly) | Germany Edit |
Iceland Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
293.38 € (44,097.28 kr) |
98.21 € (14,761.78 kr) |
-66.5 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
28.62 € (4,302.44 kr) |
22.09 € (3,320.53 kr) |
-22.8 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
46.08 € (6,926.43 kr) |
65.62 € (9,863.06 kr) |
+42.4 % |
Sports And Leisure | Germany Edit |
Iceland Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
33.82 € (5,083.92 kr) |
58.98 € (8,865.14 kr) |
+74.4 % |
| Tennis Court Rent (1 Hour on Weekend) |
20.44 € (3,072.58 kr) |
28.26 € (4,248.33 kr) |
+38.3 % |
| Cinema, International Release, 1 Seat |
12.00 € (1,803.70 kr) |
13.31 € (2,000.00 kr) |
+10.9 % |
Childcare | Germany Edit |
Iceland Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
401.46 € (60,342.44 kr) |
243.92 € (36,663.56 kr) |
-39.2 % |
| International Primary School, Yearly for 1 Child |
12,073.57 € (1,814,763.29 kr) |
5,164.37 € (776,250.00 kr) |
-57.2 % |
Clothing And Shoes | Germany Edit |
Iceland Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
78.40 € (11,784.42 kr) |
106.62 € (16,025.31 kr) |
+36.0 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
37.17 € (5,587.24 kr) |
46.32 € (6,962.11 kr) |
+24.6 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
84.53 € (12,705.80 kr) |
139.89 € (21,026.67 kr) |
+65.5 % |
| 1 Pair of Men Leather Business Shoes |
112.03 € (16,839.63 kr) |
160.26 € (24,089.05 kr) |
+43.0 % |
Rent Per Month | Germany Edit |
Iceland Edit | |
| Apartment (1 bedroom) in City Centre |
922.59 € (138,672.91 kr) |
1,614.67 € (242,699.69 kr) |
+75.0 % |
| Apartment (1 bedroom) Outside of Centre |
699.27 € (105,106.27 kr) |
1,437.50 € (216,068.60 kr) |
+105.6 % |
| Apartment (3 bedrooms) in City Centre |
1,714.11 € (257,645.49 kr) |
2,269.15 € (341,073.17 kr) |
+32.4 % |
| Apartment (3 bedrooms) Outside of Centre |
1,301.91 € (195,688.41 kr) |
2,055.23 € (308,918.92 kr) |
+57.9 % |
Buy Apartment Price | Germany Edit |
Iceland Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
540.14 € (81,187.23 kr) |
492.14 € (73,973.43 kr) |
-8.9 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
437.41 € (65,745.90 kr) |
399.47 € (60,043.16 kr) |
-8.7 % |
Salaries And Financing | Germany Edit |
Iceland Edit | |
| Average Monthly Net Salary (After Tax) |
2,812.69 € (422,771.40 kr) |
3,883.73 € (583,759.12 kr) |
+38.1 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 3.98 | 7.37 | +85.3 % |
| Last update: | May 2024 | April 2024 | |
| Contributors in the past 12 months: | 3283 | 199 |
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