Cost of Living Comparison Between Iceland and India 
| Indices Difference |  |
|---|---|
| Cost of Living in India is 78.9% lower than in Iceland (excluding rent) | |
| Cost of Living Including Rent in India is 82.1% lower than in Iceland | |
| Rent Prices in India are 89.9% lower than in Iceland | |
| Restaurant Prices in India are 84.2% lower than in Iceland | |
| Groceries Prices in India are 77.7% lower than in Iceland | |
| Local Purchasing Power in India is 30.7% lower than in Iceland | |
Restaurants | Iceland Edit |
India Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
3,175.00 kr (2,136.47 ₹) |
371.52 kr (250.00 ₹) |
-88.3 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
18,000.00 kr (12,112.27 ₹) |
1,783.32 kr (1,200.00 ₹) |
-90.1 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
2,500.00 kr (1,682.26 ₹) |
520.13 kr (350.00 ₹) |
-79.2 % |
| Domestic Beer (1 pint draught) |
1,500.00 kr (1,009.36 ₹) |
259.32 kr (174.50 ₹) |
-82.7 % |
| Imported Beer (12 oz small bottle) |
1,300.00 kr (874.78 ₹) |
445.83 kr (300.00 ₹) |
-65.7 % |
| Cappuccino (regular) |
749.93 kr (504.63 ₹) |
239.66 kr (161.27 ₹) |
-68.0 % |
| Coke/Pepsi (12 oz small bottle) |
402.69 kr (270.97 ₹) |
54.46 kr (36.64 ₹) |
-86.5 % |
| Water (12 oz small bottle) |
327.44 kr (220.33 ₹) |
21.83 kr (14.69 ₹) |
-93.3 % |
Markets | Iceland Edit |
India Edit | |
| Milk (regular), (1 gallon) |
895.31 kr (602.46 ₹) |
338.59 kr (227.84 ₹) |
-62.2 % |
| Loaf of Fresh White Bread (1 lb) |
464.12 kr (312.31 ₹) |
58.18 kr (39.15 ₹) |
-87.5 % |
| Rice (white), (1 lb) |
196.62 kr (132.31 ₹) |
41.06 kr (27.63 ₹) |
-79.1 % |
| Eggs (regular) (12) |
803.95 kr (540.98 ₹) |
123.44 kr (83.07 ₹) |
-84.6 % |
| Local Cheese (1 lb) |
1,050.28 kr (706.74 ₹) |
308.78 kr (207.78 ₹) |
-70.6 % |
| Chicken Fillets (1 lb) |
1,360.57 kr (915.53 ₹) |
181.72 kr (122.28 ₹) |
-86.6 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
2,415.14 kr (1,625.16 ₹) |
332.72 kr (223.89 ₹) |
-86.2 % |
| Apples (1 lb) |
174.26 kr (117.26 ₹) |
124.43 kr (83.73 ₹) |
-28.6 % |
| Banana (1 lb) |
139.01 kr (93.54 ₹) |
42.32 kr (28.48 ₹) |
-69.6 % |
| Oranges (1 lb) |
163.94 kr (110.32 ₹) |
62.37 kr (41.97 ₹) |
-62.0 % |
| Tomato (1 lb) |
276.66 kr (186.17 ₹) |
32.00 kr (21.53 ₹) |
-88.4 % |
| Potato (1 lb) |
202.90 kr (136.53 ₹) |
24.30 kr (16.35 ₹) |
-88.0 % |
| Onion (1 lb) |
126.05 kr (84.82 ₹) |
27.80 kr (18.70 ₹) |
-77.9 % |
| Lettuce (1 head) |
394.21 kr (265.27 ₹) |
67.96 kr (45.73 ₹) |
-82.8 % |
| Water (1.5 liter bottle) |
278.89 kr (187.66 ₹) |
43.07 kr (28.98 ₹) |
-84.6 % |
| Bottle of Wine (Mid-Range) |
2,950.00 kr (1,985.07 ₹) |
1,040.27 kr (700.00 ₹) |
-64.7 % |
| Domestic Beer (0.5 liter bottle) |
458.18 kr (308.31 ₹) |
236.33 kr (159.02 ₹) |
-48.4 % |
| Imported Beer (12 oz small bottle) |
389.57 kr (262.14 ₹) |
380.11 kr (255.78 ₹) |
-2.4 % |
| Cigarettes 20 Pack (Marlboro) |
1,769.50 kr (1,190.70 ₹) |
520.13 kr (350.00 ₹) |
-70.6 % |
Transportation | Iceland Edit |
India Edit | |
| One-way Ticket (Local Transport) |
640.00 kr (430.66 ₹) |
44.58 kr (30.00 ₹) |
-93.0 % |
| Monthly Pass (Regular Price) |
10,450.00 kr (7,031.85 ₹) |
1,263.18 kr (850.00 ₹) |
-87.9 % |
| Taxi Start (Normal Tariff) |
790.00 kr (531.59 ₹) |
118.89 kr (80.00 ₹) |
-85.0 % |
| Taxi 1 mile (Normal Tariff) |
521.43 kr (350.87 ₹) |
59.79 kr (40.23 ₹) |
-88.5 % |
| Taxi 1hour Waiting (Normal Tariff) |
10,710.00 kr (7,206.80 ₹) |
222.91 kr (150.00 ₹) |
-97.9 % |
| Gasoline (1 gallon) |
1,179.65 kr (793.79 ₹) |
580.10 kr (390.35 ₹) |
-50.8 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
5,890,000.00 kr (3,963,404.65 ₹) |
1,783,315.26 kr (1,200,000.00 ₹) |
-69.7 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
6,666,666.67 kr (4,486,026.77 ₹) |
2,892,320.52 kr (1,946,254.09 ₹) |
-56.6 % |
Utilities (Monthly) | Iceland Edit |
India Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
11,183.22 kr (7,525.24 ₹) |
5,207.48 kr (3,504.14 ₹) |
-53.4 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
3,430.36 kr (2,308.30 ₹) |
490.19 kr (329.85 ₹) |
-85.7 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
10,783.47 kr (7,256.24 ₹) |
1,024.38 kr (689.31 ₹) |
-90.5 % |
Sports And Leisure | Iceland Edit |
India Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
9,953.18 kr (6,697.54 ₹) |
2,074.97 kr (1,396.26 ₹) |
-79.2 % |
| Tennis Court Rent (1 Hour on Weekend) |
4,666.67 kr (3,140.22 ₹) |
965.24 kr (649.51 ₹) |
-79.3 % |
| Cinema, International Release, 1 Seat |
2,190.00 kr (1,473.66 ₹) |
445.83 kr (300.00 ₹) |
-79.6 % |
Childcare | Iceland Edit |
India Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
43,630.30 kr (29,359.00 ₹) |
8,893.01 kr (5,984.14 ₹) |
-79.6 % |
| International Primary School, Yearly for 1 Child |
3,744,295.00 kr (2,519,551.14 ₹) |
233,108.81 kr (156,859.85 ₹) |
-93.8 % |
Clothing And Shoes | Iceland Edit |
India Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
17,222.35 kr (11,588.99 ₹) |
3,289.77 kr (2,213.70 ₹) |
-80.9 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
7,915.00 kr (5,326.04 ₹) |
3,414.21 kr (2,297.43 ₹) |
-56.9 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
21,716.67 kr (14,613.23 ₹) |
5,865.99 kr (3,947.25 ₹) |
-73.0 % |
| 1 Pair of Men Leather Business Shoes |
31,581.25 kr (21,251.15 ₹) |
4,274.83 kr (2,876.55 ₹) |
-86.5 % |
Rent Per Month | Iceland Edit |
India Edit | |
| Apartment (1 bedroom) in City Centre |
275,000.00 kr (185,048.60 ₹) |
23,609.64 kr (15,887.02 ₹) |
-91.4 % |
| Apartment (1 bedroom) Outside of Centre |
248,333.33 kr (167,104.50 ₹) |
14,855.76 kr (9,996.50 ₹) |
-94.0 % |
| Apartment (3 bedrooms) in City Centre |
393,961.54 kr (265,098.30 ₹) |
54,820.92 kr (36,889.21 ₹) |
-86.1 % |
| Apartment (3 bedrooms) Outside of Centre |
338,074.07 kr (227,491.40 ₹) |
33,945.30 kr (22,841.93 ₹) |
-90.0 % |
Buy Apartment Price | Iceland Edit |
India Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
86,370.14 kr (58,118.81 ₹) |
19,125.86 kr (12,869.87 ₹) |
-77.9 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
73,312.85 kr (49,332.51 ₹) |
10,324.58 kr (6,947.45 ₹) |
-85.9 % |
Salaries And Financing | Iceland Edit |
India Edit | |
| Average Monthly Net Salary (After Tax) |
563,619.25 kr (379,261.66 ₹) |
69,854.69 kr (47,005.50 ₹) |
-87.6 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 9.90 | 9.01 | -9.0 % |
| Last update: | 28 May 2025 | 28 May 2025 | |
| Contributors in the past 12 months: | 153 | 4422 |
Moving to Iceland? Explore:
Moving to India? Explore: