Cost of Living Comparison Between Iceland and Spain 
| Indices Difference |  |
|---|---|
| Consumer Prices in Spain are 43.0% lower than in Iceland (without rent) | |
| Consumer Prices Including Rent in Spain are 43.0% lower than in Iceland | |
| Rent Prices in Spain are 43.1% lower than in Iceland | |
| Restaurant Prices in Spain are 48.5% lower than in Iceland | |
| Groceries Prices in Spain are 48.5% lower than in Iceland | |
| Local Purchasing Power in Spain is 20.6% lower than in Iceland | |
Restaurants | Iceland Edit |
Spain Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
3,000.00 kr (19.95 €) |
1,804.43 kr (12.00 €) |
-39.9 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
16,000.00 kr (106.41 €) |
7,518.44 kr (50.00 €) |
-53.0 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
2,299.50 kr (15.29 €) |
1,319.49 kr (8.78 €) |
-42.6 % |
| Domestic Beer (1 pint draught) |
1,450.00 kr (9.64 €) |
451.11 kr (3.00 €) |
-68.9 % |
| Imported Beer (12 oz small bottle) |
1,200.00 kr (7.98 €) |
451.11 kr (3.00 €) |
-62.4 % |
| Cappuccino (regular) |
684.27 kr (4.55 €) |
277.47 kr (1.85 €) |
-59.5 % |
| Coke/Pepsi (12 oz small bottle) |
392.91 kr (2.61 €) |
298.57 kr (1.99 €) |
-24.0 % |
| Water (12 oz small bottle) |
295.61 kr (1.97 €) |
224.12 kr (1.49 €) |
-24.2 % |
Markets | Iceland Edit |
Spain Edit | |
| Milk (regular), (1 gallon) |
851.36 kr (5.66 €) |
589.05 kr (3.92 €) |
-30.8 % |
| Loaf of Fresh White Bread (1 lb) |
436.03 kr (2.90 €) |
173.06 kr (1.15 €) |
-60.3 % |
| Rice (white), (1 lb) |
200.69 kr (1.33 €) |
89.43 kr (0.59 €) |
-55.4 % |
| Eggs (regular) (12) |
799.63 kr (5.32 €) |
367.85 kr (2.45 €) |
-54.0 % |
| Local Cheese (1 lb) |
922.17 kr (6.13 €) |
800.73 kr (5.33 €) |
-13.2 % |
| Chicken Fillets (1 lb) |
1,174.00 kr (7.81 €) |
473.34 kr (3.15 €) |
-59.7 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
1,944.92 kr (12.93 €) |
889.54 kr (5.92 €) |
-54.3 % |
| Apples (1 lb) |
197.01 kr (1.31 €) |
134.77 kr (0.90 €) |
-31.6 % |
| Banana (1 lb) |
139.16 kr (0.93 €) |
114.76 kr (0.76 €) |
-17.5 % |
| Oranges (1 lb) |
171.20 kr (1.14 €) |
114.35 kr (0.76 €) |
-33.2 % |
| Tomato (1 lb) |
292.63 kr (1.95 €) |
152.20 kr (1.01 €) |
-48.0 % |
| Potato (1 lb) |
192.76 kr (1.28 €) |
98.45 kr (0.65 €) |
-48.9 % |
| Onion (1 lb) |
120.36 kr (0.80 €) |
107.13 kr (0.71 €) |
-11.0 % |
| Lettuce (1 head) |
434.00 kr (2.89 €) |
156.18 kr (1.04 €) |
-64.0 % |
| Water (1.5 liter bottle) |
293.59 kr (1.95 €) |
98.48 kr (0.65 €) |
-66.5 % |
| Bottle of Wine (Mid-Range) |
2,750.00 kr (18.29 €) |
751.84 kr (5.00 €) |
-72.7 % |
| Domestic Beer (0.5 liter bottle) |
439.70 kr (2.92 €) |
155.44 kr (1.03 €) |
-64.6 % |
| Imported Beer (12 oz small bottle) |
369.58 kr (2.46 €) |
253.23 kr (1.68 €) |
-31.5 % |
| Cigarettes 20 Pack (Marlboro) |
1,600.00 kr (10.64 €) |
789.44 kr (5.25 €) |
-50.7 % |
Transportation | Iceland Edit |
Spain Edit | |
| One-way Ticket (Local Transport) |
570.00 kr (3.79 €) |
225.55 kr (1.50 €) |
-60.4 % |
| Monthly Pass (Regular Price) |
9,300.00 kr (61.85 €) |
4,661.43 kr (31.00 €) |
-49.9 % |
| Taxi Start (Normal Tariff) |
730.00 kr (4.85 €) |
526.29 kr (3.50 €) |
-27.9 % |
| Taxi 1 mile (Normal Tariff) |
487.63 kr (3.24 €) |
290.39 kr (1.93 €) |
-40.4 % |
| Taxi 1hour Waiting (Normal Tariff) |
9,360.00 kr (62.25 €) |
3,308.11 kr (22.00 €) |
-64.7 % |
| Gasoline (1 gallon) |
1,178.79 kr (7.84 €) |
914.27 kr (6.08 €) |
-22.4 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
5,290,000.00 kr (35,180.17 €) |
5,017,055.51 kr (33,365.00 €) |
-5.2 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
5,774,916.67 kr (38,405.02 €) |
3,881,144.36 kr (25,810.83 €) |
-32.8 % |
Utilities (Monthly) | Iceland Edit |
Spain Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
14,762.77 kr (98.18 €) |
19,656.99 kr (130.73 €) |
+33.2 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
3,320.53 kr (22.08 €) |
2,718.27 kr (18.08 €) |
-18.1 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
9,867.88 kr (65.62 €) |
4,782.95 kr (31.81 €) |
-51.5 % |
Sports And Leisure | Iceland Edit |
Spain Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
8,865.14 kr (58.96 €) |
5,891.84 kr (39.18 €) |
-33.5 % |
| Tennis Court Rent (1 Hour on Weekend) |
4,248.33 kr (28.25 €) |
1,914.20 kr (12.73 €) |
-54.9 % |
| Cinema, International Release, 1 Seat |
2,000.00 kr (13.30 €) |
1,202.95 kr (8.00 €) |
-39.9 % |
Childcare | Iceland Edit |
Spain Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
36,663.56 kr (243.82 €) |
62,344.44 kr (414.61 €) |
+70.0 % |
| International Primary School, Yearly for 1 Child |
776,250.00 kr (5,162.31 €) |
1,202,721.08 kr (7,998.47 €) |
+54.9 % |
Clothing And Shoes | Iceland Edit |
Spain Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
16,025.31 kr (106.57 €) |
10,920.37 kr (72.62 €) |
-31.9 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
6,962.11 kr (46.30 €) |
4,422.77 kr (29.41 €) |
-36.5 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
21,026.67 kr (139.83 €) |
11,155.26 kr (74.19 €) |
-46.9 % |
| 1 Pair of Men Leather Business Shoes |
24,089.05 kr (160.20 €) |
12,919.52 kr (85.92 €) |
-46.4 % |
Rent Per Month | Iceland Edit |
Spain Edit | |
| Apartment (1 bedroom) in City Centre |
242,702.09 kr (1,614.05 €) |
140,723.87 kr (935.86 €) |
-42.0 % |
| Apartment (1 bedroom) Outside of Centre |
216,070.92 kr (1,436.94 €) |
104,957.43 kr (698.00 €) |
-51.4 % |
| Apartment (3 bedrooms) in City Centre |
341,073.17 kr (2,268.24 €) |
227,004.63 kr (1,509.65 €) |
-33.4 % |
| Apartment (3 bedrooms) Outside of Centre |
308,918.92 kr (2,054.41 €) |
158,175.29 kr (1,051.92 €) |
-48.8 % |
Buy Apartment Price | Iceland Edit |
Spain Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
73,973.43 kr (491.95 €) |
46,294.16 kr (307.87 €) |
-37.4 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
60,044.24 kr (399.31 €) |
28,285.77 kr (188.11 €) |
-52.9 % |
Salaries And Financing | Iceland Edit |
Spain Edit | |
| Average Monthly Net Salary (After Tax) |
583,779.42 kr (3,882.32 €) |
264,049.08 kr (1,756.01 €) |
-54.8 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 7.37 | 3.47 | -52.9 % |
| Last update: | April 2024 | May 2024 | |
| Contributors in the past 12 months: | 199 | 1905 |
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