Cost of Living Comparison Between Iceland and India 
| Indices Difference |  |
|---|---|
| Consumer Prices in India are 74.2% lower than in Iceland (without rent) | |
| Consumer Prices Including Rent in India are 77.7% lower than in Iceland | |
| Rent Prices in India are 85.7% lower than in Iceland | |
| Restaurant Prices in India are 82.3% lower than in Iceland | |
| Groceries Prices in India are 73.0% lower than in Iceland | |
| Local Purchasing Power in India is 33.6% lower than in Iceland | |
Restaurants | Iceland Edit |
India Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
3,000.00 kr (1,791.32 ₹) |
418.68 kr (250.00 ₹) |
-86.0 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
16,000.00 kr (9,553.73 ₹) |
2,009.69 kr (1,200.00 ₹) |
-87.4 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
2,299.50 kr (1,373.05 ₹) |
586.16 kr (350.00 ₹) |
-74.5 % |
| Domestic Beer (1 pint draught) |
1,450.00 kr (865.81 ₹) |
267.96 kr (160.00 ₹) |
-81.5 % |
| Imported Beer (12 oz small bottle) |
1,200.00 kr (716.53 ₹) |
502.42 kr (300.00 ₹) |
-58.1 % |
| Cappuccino (regular) |
684.34 kr (408.63 ₹) |
265.70 kr (158.65 ₹) |
-61.2 % |
| Coke/Pepsi (12 oz small bottle) |
393.01 kr (234.67 ₹) |
60.32 kr (36.02 ₹) |
-84.7 % |
| Water (12 oz small bottle) |
295.68 kr (176.56 ₹) |
25.84 kr (15.43 ₹) |
-91.3 % |
Markets | Iceland Edit |
India Edit | |
| Milk (regular), (1 gallon) |
851.36 kr (508.35 ₹) |
369.85 kr (220.84 ₹) |
-56.6 % |
| Loaf of Fresh White Bread (1 lb) |
436.03 kr (260.36 ₹) |
62.87 kr (37.54 ₹) |
-85.6 % |
| Rice (white), (1 lb) |
200.70 kr (119.84 ₹) |
44.73 kr (26.71 ₹) |
-77.7 % |
| Eggs (regular) (12) |
799.72 kr (477.52 ₹) |
134.00 kr (80.01 ₹) |
-83.2 % |
| Local Cheese (1 lb) |
922.17 kr (550.63 ₹) |
338.81 kr (202.31 ₹) |
-63.3 % |
| Chicken Fillets (1 lb) |
1,174.00 kr (701.01 ₹) |
200.21 kr (119.55 ₹) |
-82.9 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
1,944.92 kr (1,161.33 ₹) |
366.78 kr (219.01 ₹) |
-81.1 % |
| Apples (1 lb) |
197.02 kr (117.64 ₹) |
135.39 kr (80.84 ₹) |
-31.3 % |
| Banana (1 lb) |
139.18 kr (83.11 ₹) |
46.84 kr (27.97 ₹) |
-66.3 % |
| Oranges (1 lb) |
171.22 kr (102.23 ₹) |
69.87 kr (41.72 ₹) |
-59.2 % |
| Tomato (1 lb) |
292.63 kr (174.73 ₹) |
32.78 kr (19.57 ₹) |
-88.8 % |
| Potato (1 lb) |
192.77 kr (115.10 ₹) |
23.02 kr (13.75 ₹) |
-88.1 % |
| Onion (1 lb) |
120.37 kr (71.88 ₹) |
25.71 kr (15.35 ₹) |
-78.6 % |
| Lettuce (1 head) |
434.00 kr (259.14 ₹) |
77.80 kr (46.46 ₹) |
-82.1 % |
| Water (1.5 liter bottle) |
293.63 kr (175.33 ₹) |
48.61 kr (29.03 ₹) |
-83.4 % |
| Bottle of Wine (Mid-Range) |
2,750.00 kr (1,642.05 ₹) |
1,256.05 kr (750.00 ₹) |
-54.3 % |
| Domestic Beer (0.5 liter bottle) |
439.70 kr (262.55 ₹) |
264.88 kr (158.16 ₹) |
-39.8 % |
| Imported Beer (12 oz small bottle) |
369.58 kr (220.68 ₹) |
432.70 kr (258.37 ₹) |
+17.1 % |
| Cigarettes 20 Pack (Marlboro) |
1,600.00 kr (955.37 ₹) |
586.16 kr (350.00 ₹) |
-63.4 % |
Transportation | Iceland Edit |
India Edit | |
| One-way Ticket (Local Transport) |
570.00 kr (340.35 ₹) |
50.24 kr (30.00 ₹) |
-91.2 % |
| Monthly Pass (Regular Price) |
9,300.00 kr (5,553.11 ₹) |
1,674.74 kr (1,000.00 ₹) |
-82.0 % |
| Taxi Start (Normal Tariff) |
730.00 kr (435.89 ₹) |
113.04 kr (67.50 ₹) |
-84.5 % |
| Taxi 1 mile (Normal Tariff) |
487.63 kr (291.17 ₹) |
67.38 kr (40.23 ₹) |
-86.2 % |
| Taxi 1hour Waiting (Normal Tariff) |
9,360.00 kr (5,588.93 ₹) |
167.47 kr (100.00 ₹) |
-98.2 % |
| Gasoline (1 gallon) |
1,178.86 kr (703.90 ₹) |
660.53 kr (394.41 ₹) |
-44.0 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
5,290,000.00 kr (3,158,702.79 ₹) |
2,009,685.75 kr (1,200,000.00 ₹) |
-62.0 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
5,774,916.67 kr (3,448,250.55 ₹) |
3,200,250.75 kr (1,910,896.21 ₹) |
-44.6 % |
Utilities (Monthly) | Iceland Edit |
India Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
14,768.04 kr (8,818.12 ₹) |
5,848.54 kr (3,492.21 ₹) |
-60.4 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
3,320.53 kr (1,982.71 ₹) |
525.71 kr (313.91 ₹) |
-84.2 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
9,868.99 kr (5,892.85 ₹) |
1,168.22 kr (697.55 ₹) |
-88.2 % |
Sports And Leisure | Iceland Edit |
India Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
8,865.14 kr (5,293.45 ₹) |
2,420.03 kr (1,445.02 ₹) |
-72.7 % |
| Tennis Court Rent (1 Hour on Weekend) |
4,248.33 kr (2,536.72 ₹) |
1,075.69 kr (642.30 ₹) |
-74.7 % |
| Cinema, International Release, 1 Seat |
2,000.00 kr (1,194.22 ₹) |
502.42 kr (300.00 ₹) |
-74.9 % |
Childcare | Iceland Edit |
India Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
36,663.56 kr (21,892.12 ₹) |
10,657.11 kr (6,363.45 ₹) |
-70.9 % |
| International Primary School, Yearly for 1 Child |
776,250.00 kr (463,505.30 ₹) |
255,058.67 kr (152,297.64 ₹) |
-67.1 % |
Clothing And Shoes | Iceland Edit |
India Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
16,025.31 kr (9,568.84 ₹) |
3,720.90 kr (2,221.78 ₹) |
-76.8 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
6,962.11 kr (4,157.13 ₹) |
3,887.41 kr (2,321.21 ₹) |
-44.2 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
21,026.67 kr (12,555.20 ₹) |
6,332.84 kr (3,781.39 ₹) |
-69.9 % |
| 1 Pair of Men Leather Business Shoes |
24,089.05 kr (14,383.77 ₹) |
4,666.04 kr (2,786.13 ₹) |
-80.6 % |
Rent Per Month | Iceland Edit |
India Edit | |
| Apartment (1 bedroom) in City Centre |
242,714.77 kr (144,927.00 ₹) |
28,947.83 kr (17,284.99 ₹) |
-88.1 % |
| Apartment (1 bedroom) Outside of Centre |
216,067.67 kr (129,015.80 ₹) |
18,318.04 kr (10,937.85 ₹) |
-91.5 % |
| Apartment (3 bedrooms) in City Centre |
341,073.17 kr (203,657.61 ₹) |
68,656.55 kr (40,995.39 ₹) |
-79.9 % |
| Apartment (3 bedrooms) Outside of Centre |
308,918.92 kr (184,458.04 ₹) |
42,732.43 kr (25,515.89 ₹) |
-86.2 % |
Buy Apartment Price | Iceland Edit |
India Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
73,973.43 kr (44,170.15 ₹) |
25,284.91 kr (15,097.83 ₹) |
-65.8 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
60,049.97 kr (35,856.33 ₹) |
13,892.63 kr (8,295.40 ₹) |
-76.9 % |
Salaries And Financing | Iceland Edit |
India Edit | |
| Average Monthly Net Salary (After Tax) |
583,836.19 kr (348,613.42 ₹) |
86,458.60 kr (51,625.15 ₹) |
-85.2 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 7.37 | 8.88 | +20.5 % |
| Last update: | April 2024 | May 2024 | |
| Contributors in the past 12 months: | 199 | 4862 |
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