Cost of Living Comparison Between Iceland and New Zealand 
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| Indices Difference |  |
|---|---|
| Cost of Living in New Zealand is 35.6% lower than in Iceland (excluding rent) | |
| Cost of Living Including Rent in New Zealand is 38.8% lower than in Iceland | |
| Rent Prices in New Zealand are 46.6% lower than in Iceland | |
| Restaurant Prices in New Zealand are 43.6% lower than in Iceland | |
| Groceries Prices in New Zealand are 34.1% lower than in Iceland | |
| Local Purchasing Power in New Zealand is 11.1% higher than in Iceland | |
Restaurants | Iceland Edit |
New Zealand Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
3,100.00 kr (40.55 NZ$) |
1,911.21 kr (25.00 NZ$) |
-38.3 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
18,000.00 kr (235.45 NZ$) |
9,556.03 kr (125.00 NZ$) |
-46.9 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
2,500.00 kr (32.70 NZ$) |
1,183.04 kr (15.47 NZ$) |
-52.7 % |
| Domestic Beer (1 pint draught) |
1,500.00 kr (19.62 NZ$) |
840.93 kr (11.00 NZ$) |
-43.9 % |
| Imported Beer (12 oz small bottle) |
1,294.45 kr (16.93 NZ$) |
840.93 kr (11.00 NZ$) |
-35.0 % |
| Cappuccino (regular) |
746.48 kr (9.76 NZ$) |
436.13 kr (5.70 NZ$) |
-41.6 % |
| Coke/Pepsi (12 oz small bottle) |
403.15 kr (5.27 NZ$) |
288.38 kr (3.77 NZ$) |
-28.5 % |
| Water (12 oz small bottle) |
327.89 kr (4.29 NZ$) |
269.88 kr (3.53 NZ$) |
-17.7 % |
Markets | Iceland Edit |
New Zealand Edit | |
| Milk (regular), (1 gallon) |
891.09 kr (11.66 NZ$) |
862.90 kr (11.29 NZ$) |
-3.2 % |
| Loaf of Fresh White Bread (1 lb) |
447.52 kr (5.85 NZ$) |
223.77 kr (2.93 NZ$) |
-50.0 % |
| Rice (white), (1 lb) |
196.15 kr (2.57 NZ$) |
106.72 kr (1.40 NZ$) |
-45.6 % |
| Eggs (regular) (12) |
805.03 kr (10.53 NZ$) |
822.34 kr (10.76 NZ$) |
+2.2 % |
| Local Cheese (1 lb) |
1,046.48 kr (13.69 NZ$) |
476.36 kr (6.23 NZ$) |
-54.5 % |
| Chicken Fillets (1 lb) |
1,356.62 kr (17.75 NZ$) |
549.45 kr (7.19 NZ$) |
-59.5 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
2,438.52 kr (31.90 NZ$) |
746.19 kr (9.76 NZ$) |
-69.4 % |
| Apples (1 lb) |
172.50 kr (2.26 NZ$) |
162.05 kr (2.12 NZ$) |
-6.1 % |
| Banana (1 lb) |
139.19 kr (1.82 NZ$) |
130.67 kr (1.71 NZ$) |
-6.1 % |
| Oranges (1 lb) |
161.79 kr (2.12 NZ$) |
177.77 kr (2.33 NZ$) |
+9.9 % |
| Tomato (1 lb) |
269.80 kr (3.53 NZ$) |
270.61 kr (3.54 NZ$) |
+0.3 % |
| Potato (1 lb) |
204.09 kr (2.67 NZ$) |
119.79 kr (1.57 NZ$) |
-41.3 % |
| Onion (1 lb) |
128.23 kr (1.68 NZ$) |
100.50 kr (1.31 NZ$) |
-21.6 % |
| Lettuce (1 head) |
392.23 kr (5.13 NZ$) |
301.71 kr (3.95 NZ$) |
-23.1 % |
| Water (1.5 liter bottle) |
279.23 kr (3.65 NZ$) |
145.92 kr (1.91 NZ$) |
-47.7 % |
| Bottle of Wine (Mid-Range) |
3,000.00 kr (39.24 NZ$) |
1,223.17 kr (16.00 NZ$) |
-59.2 % |
| Domestic Beer (0.5 liter bottle) |
461.81 kr (6.04 NZ$) |
382.09 kr (5.00 NZ$) |
-17.3 % |
| Imported Beer (12 oz small bottle) |
388.92 kr (5.09 NZ$) |
450.10 kr (5.89 NZ$) |
+15.7 % |
| Cigarettes 20 Pack (Marlboro) |
1,750.00 kr (22.89 NZ$) |
3,057.93 kr (40.00 NZ$) |
+74.7 % |
Transportation | Iceland Edit |
New Zealand Edit | |
| One-way Ticket (Local Transport) |
640.00 kr (8.37 NZ$) |
305.79 kr (4.00 NZ$) |
-52.2 % |
| Monthly Pass (Regular Price) |
10,450.00 kr (136.69 NZ$) |
13,378.44 kr (175.00 NZ$) |
+28.0 % |
| Taxi Start (Normal Tariff) |
790.00 kr (10.33 NZ$) |
305.79 kr (4.00 NZ$) |
-61.3 % |
| Taxi 1 mile (Normal Tariff) |
521.43 kr (6.82 NZ$) |
418.31 kr (5.47 NZ$) |
-19.8 % |
| Taxi 1hour Waiting (Normal Tariff) |
10,710.00 kr (140.09 NZ$) |
4,586.90 kr (60.00 NZ$) |
-57.2 % |
| Gasoline (1 gallon) |
1,179.65 kr (15.43 NZ$) |
811.07 kr (10.61 NZ$) |
-31.2 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
5,890,000.00 kr (77,045.58 NZ$) |
3,515,855.26 kr (45,990.00 NZ$) |
-40.3 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
6,666,666.67 kr (87,204.96 NZ$) |
2,769,287.04 kr (36,224.33 NZ$) |
-58.5 % |
Utilities (Monthly) | Iceland Edit |
New Zealand Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
11,183.22 kr (146.28 NZ$) |
17,379.87 kr (227.34 NZ$) |
+55.4 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
3,430.36 kr (44.87 NZ$) |
4,442.04 kr (58.11 NZ$) |
+29.5 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
10,783.47 kr (141.06 NZ$) |
6,571.07 kr (85.95 NZ$) |
-39.1 % |
Sports And Leisure | Iceland Edit |
New Zealand Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
9,953.18 kr (130.20 NZ$) |
4,665.21 kr (61.02 NZ$) |
-53.1 % |
| Tennis Court Rent (1 Hour on Weekend) |
4,666.67 kr (61.04 NZ$) |
1,878.99 kr (24.58 NZ$) |
-59.7 % |
| Cinema, International Release, 1 Seat |
2,190.00 kr (28.65 NZ$) |
1,528.97 kr (20.00 NZ$) |
-30.2 % |
Childcare | Iceland Edit |
New Zealand Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
43,630.30 kr (570.72 NZ$) |
97,119.40 kr (1,270.39 NZ$) |
+122.6 % |
| International Primary School, Yearly for 1 Child |
3,744,295.00 kr (48,978.16 NZ$) |
1,466,554.33 kr (19,183.62 NZ$) |
-60.8 % |
Clothing And Shoes | Iceland Edit |
New Zealand Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
17,222.35 kr (225.28 NZ$) |
8,628.53 kr (112.87 NZ$) |
-49.9 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
7,915.00 kr (103.53 NZ$) |
5,468.85 kr (71.54 NZ$) |
-30.9 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
21,716.67 kr (284.07 NZ$) |
12,271.02 kr (160.51 NZ$) |
-43.5 % |
| 1 Pair of Men Leather Business Shoes |
31,581.25 kr (413.11 NZ$) |
14,966.28 kr (195.77 NZ$) |
-52.6 % |
Rent Per Month | Iceland Edit |
New Zealand Edit | |
| Apartment (1 bedroom) in City Centre |
275,000.00 kr (3,597.20 NZ$) |
139,042.95 kr (1,818.79 NZ$) |
-49.4 % |
| Apartment (1 bedroom) Outside of Centre |
250,000.00 kr (3,270.19 NZ$) |
115,981.02 kr (1,517.12 NZ$) |
-53.6 % |
| Apartment (3 bedrooms) in City Centre |
393,961.54 kr (5,153.31 NZ$) |
223,839.02 kr (2,927.98 NZ$) |
-43.2 % |
| Apartment (3 bedrooms) Outside of Centre |
338,074.07 kr (4,422.26 NZ$) |
192,223.89 kr (2,514.43 NZ$) |
-43.1 % |
Buy Apartment Price | Iceland Edit |
New Zealand Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
86,370.14 kr (1,129.79 NZ$) |
58,616.63 kr (766.75 NZ$) |
-32.1 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
73,312.85 kr (958.99 NZ$) |
49,970.06 kr (653.65 NZ$) |
-31.8 % |
Salaries And Financing | Iceland Edit |
New Zealand Edit | |
| Average Monthly Net Salary (After Tax) |
564,146.97 kr (7,379.46 NZ$) |
383,609.67 kr (5,017.90 NZ$) |
-32.0 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 9.90 | 6.76 | -31.8 % |
| Last update: | April 2025 | April 2025 | |
| Contributors in the past 12 months: | 146 | 475 |
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