Cost of Living Comparison Between Iceland and Germany 
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| Indices Difference |  |
|---|---|
| Consumer Prices in Germany are 24.4% lower than in Iceland (without rent) | |
| Consumer Prices Including Rent in Germany are 28.3% lower than in Iceland | |
| Rent Prices in Germany are 37.1% lower than in Iceland | |
| Restaurant Prices in Germany are 38.1% lower than in Iceland | |
| Groceries Prices in Germany are 30.8% lower than in Iceland | |
| Local Purchasing Power in Germany is 0.8% higher than in Iceland | |
Restaurants | Iceland Edit |
Germany Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
3,000.00 kr (19.96 €) |
1,954.02 kr (13.00 €) |
-34.9 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
16,000.00 kr (106.45 €) |
9,018.54 kr (60.00 €) |
-43.6 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
2,299.50 kr (15.30 €) |
1,503.09 kr (10.00 €) |
-34.6 % |
| Domestic Beer (0.5 liter draught) |
1,432.54 kr (9.53 €) |
601.24 kr (4.00 €) |
-58.0 % |
| Imported Beer (0.33 liter bottle) |
1,200.00 kr (7.98 €) |
601.24 kr (4.00 €) |
-49.9 % |
| Cappuccino (regular) |
684.23 kr (4.55 €) |
500.70 kr (3.33 €) |
-26.8 % |
| Coke/Pepsi (0.33 liter bottle) |
392.85 kr (2.61 €) |
407.18 kr (2.71 €) |
+3.6 % |
| Water (0.33 liter bottle) |
295.55 kr (1.97 €) |
363.14 kr (2.42 €) |
+22.9 % |
Markets | Iceland Edit |
Germany Edit | |
| Milk (regular), (1 liter) |
224.90 kr (1.50 €) |
156.67 kr (1.04 €) |
-30.3 % |
| Loaf of Fresh White Bread (500g) |
480.64 kr (3.20 €) |
295.43 kr (1.97 €) |
-38.5 % |
| Rice (white), (1kg) |
442.42 kr (2.94 €) |
412.52 kr (2.74 €) |
-6.8 % |
| Eggs (regular) (12) |
799.58 kr (5.32 €) |
500.29 kr (3.33 €) |
-37.4 % |
| Local Cheese (1kg) |
2,033.03 kr (13.53 €) |
1,887.58 kr (12.56 €) |
-7.2 % |
| Chicken Fillets (1kg) |
2,588.23 kr (17.22 €) |
2,209.33 kr (14.70 €) |
-14.6 % |
| Beef Round (1kg) (or Equivalent Back Leg Red Meat) |
4,287.80 kr (28.53 €) |
2,421.80 kr (16.11 €) |
-43.5 % |
| Apples (1kg) |
434.31 kr (2.89 €) |
392.85 kr (2.61 €) |
-9.5 % |
| Banana (1kg) |
306.76 kr (2.04 €) |
198.03 kr (1.32 €) |
-35.4 % |
| Oranges (1kg) |
377.41 kr (2.51 €) |
304.92 kr (2.03 €) |
-19.2 % |
| Tomato (1kg) |
645.13 kr (4.29 €) |
453.71 kr (3.02 €) |
-29.7 % |
| Potato (1kg) |
424.94 kr (2.83 €) |
223.33 kr (1.49 €) |
-47.4 % |
| Onion (1kg) |
265.32 kr (1.77 €) |
239.22 kr (1.59 €) |
-9.8 % |
| Lettuce (1 head) |
434.00 kr (2.89 €) |
279.14 kr (1.86 €) |
-35.7 % |
| Water (1.5 liter bottle) |
293.57 kr (1.95 €) |
127.46 kr (0.85 €) |
-56.6 % |
| Bottle of Wine (Mid-Range) |
2,750.00 kr (18.30 €) |
900.35 kr (5.99 €) |
-67.3 % |
| Domestic Beer (0.5 liter bottle) |
439.70 kr (2.93 €) |
128.92 kr (0.86 €) |
-70.7 % |
| Imported Beer (0.33 liter bottle) |
369.58 kr (2.46 €) |
216.37 kr (1.44 €) |
-41.5 % |
| Cigarettes 20 Pack (Marlboro) |
1,600.00 kr (10.64 €) |
1,232.53 kr (8.20 €) |
-23.0 % |
Transportation | Iceland Edit |
Germany Edit | |
| One-way Ticket (Local Transport) |
570.00 kr (3.79 €) |
450.93 kr (3.00 €) |
-20.9 % |
| Monthly Pass (Regular Price) |
9,300.00 kr (61.87 €) |
7,365.14 kr (49.00 €) |
-20.8 % |
| Taxi Start (Normal Tariff) |
730.00 kr (4.86 €) |
661.36 kr (4.40 €) |
-9.4 % |
| Taxi 1km (Normal Tariff) |
303.00 kr (2.02 €) |
315.65 kr (2.10 €) |
+4.2 % |
| Taxi 1hour Waiting (Normal Tariff) |
9,360.00 kr (62.27 €) |
4,509.27 kr (30.00 €) |
-51.8 % |
| Gasoline (1 liter) |
311.39 kr (2.07 €) |
263.28 kr (1.75 €) |
-15.5 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
5,290,000.00 kr (35,194.17 €) |
4,085,398.19 kr (27,180.00 €) |
-22.8 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
5,774,916.67 kr (38,420.30 €) |
4,168,830.72 kr (27,735.07 €) |
-27.8 % |
Utilities (Monthly) | Iceland Edit |
Germany Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 85m2 Apartment |
14,759.64 kr (98.20 €) |
44,051.27 kr (293.07 €) |
+198.5 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
3,320.53 kr (22.09 €) |
4,302.45 kr (28.62 €) |
+29.6 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
9,862.60 kr (65.62 €) |
6,924.04 kr (46.07 €) |
-29.8 % |
Sports And Leisure | Iceland Edit |
Germany Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
8,865.14 kr (58.98 €) |
5,083.88 kr (33.82 €) |
-42.7 % |
| Tennis Court Rent (1 Hour on Weekend) |
4,248.33 kr (28.26 €) |
3,072.59 kr (20.44 €) |
-27.7 % |
| Cinema, International Release, 1 Seat |
2,000.00 kr (13.31 €) |
1,803.71 kr (12.00 €) |
-9.8 % |
Childcare | Iceland Edit |
Germany Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
36,663.56 kr (243.92 €) |
60,028.74 kr (399.37 €) |
+63.7 % |
| International Primary School, Yearly for 1 Child |
776,250.00 kr (5,164.36 €) |
1,814,766.39 kr (12,073.57 €) |
+133.8 % |
Clothing And Shoes | Iceland Edit |
Germany Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
16,025.31 kr (106.62 €) |
11,784.44 kr (78.40 €) |
-26.5 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
6,962.11 kr (46.32 €) |
5,587.25 kr (37.17 €) |
-19.7 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
21,026.67 kr (139.89 €) |
12,702.31 kr (84.51 €) |
-39.6 % |
| 1 Pair of Men Leather Business Shoes |
24,089.05 kr (160.26 €) |
16,821.66 kr (111.91 €) |
-30.2 % |
Rent Per Month | Iceland Edit |
Germany Edit | |
| Apartment (1 bedroom) in City Centre |
242,694.54 kr (1,614.64 €) |
138,694.33 kr (922.73 €) |
-42.9 % |
| Apartment (1 bedroom) Outside of Centre |
216,068.43 kr (1,437.50 €) |
105,077.91 kr (699.08 €) |
-51.4 % |
| Apartment (3 bedrooms) in City Centre |
341,073.17 kr (2,269.15 €) |
257,891.83 kr (1,715.74 €) |
-24.4 % |
| Apartment (3 bedrooms) Outside of Centre |
308,918.92 kr (2,055.23 €) |
195,687.00 kr (1,301.90 €) |
-36.7 % |
Buy Apartment Price | Iceland Edit |
Germany Edit | |
| Price per Square Meter to Buy Apartment in City Centre |
796,249.96 kr (5,297.42 €) |
870,791.26 kr (5,793.34 €) |
+9.4 % |
| Price per Square Meter to Buy Apartment Outside of Centre |
646,279.53 kr (4,299.67 €) |
706,999.02 kr (4,703.64 €) |
+9.4 % |
Salaries And Financing | Iceland Edit |
Germany Edit | |
| Average Monthly Net Salary (After Tax) |
583,731.28 kr (3,883.54 €) |
422,067.05 kr (2,808.00 €) |
-27.7 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 7.37 | 3.98 | -46.0 % |
| Last update: | May 2024 | May 2024 | |
| Contributors in the past 12 months: | 200 | 3274 |
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