Cost of Living Comparison Between Iceland and Sweden 
| Indices Difference |  |
|---|---|
| Consumer Prices in Sweden are 29.2% lower than in Iceland (without rent) | |
| Consumer Prices Including Rent in Sweden are 34.7% lower than in Iceland | |
| Rent Prices in Sweden are 47.4% lower than in Iceland | |
| Restaurant Prices in Sweden are 37.5% lower than in Iceland | |
| Groceries Prices in Sweden are 32.0% lower than in Iceland | |
| Local Purchasing Power in Sweden is 1.2% higher than in Iceland | |
Restaurants | Iceland Edit |
Sweden Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
3,000.00 ISK (231.76 SEK) |
1,618.07 ISK (125.00 SEK) |
-46.1 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
16,000.00 ISK (1,236.04 SEK) |
10,355.62 ISK (800.00 SEK) |
-35.3 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
2,299.50 ISK (177.64 SEK) |
1,294.45 ISK (100.00 SEK) |
-43.7 % |
| Domestic Beer (1 pint draught) |
1,450.00 ISK (112.02 SEK) |
970.84 ISK (75.00 SEK) |
-33.0 % |
| Imported Beer (12 oz small bottle) |
1,200.00 ISK (92.70 SEK) |
906.12 ISK (70.00 SEK) |
-24.5 % |
| Cappuccino (regular) |
684.27 ISK (52.86 SEK) |
550.00 ISK (42.49 SEK) |
-19.6 % |
| Coke/Pepsi (12 oz small bottle) |
392.91 ISK (30.35 SEK) |
302.69 ISK (23.38 SEK) |
-23.0 % |
| Water (12 oz small bottle) |
295.61 ISK (22.84 SEK) |
270.14 ISK (20.87 SEK) |
-8.6 % |
Markets | Iceland Edit |
Sweden Edit | |
| Milk (regular), (1 gallon) |
851.36 ISK (65.77 SEK) |
792.20 ISK (61.20 SEK) |
-6.9 % |
| Loaf of Fresh White Bread (1 lb) |
436.03 ISK (33.68 SEK) |
343.31 ISK (26.52 SEK) |
-21.3 % |
| Rice (white), (1 lb) |
200.69 ISK (15.50 SEK) |
211.32 ISK (16.33 SEK) |
+5.3 % |
| Eggs (regular) (12) |
799.63 ISK (61.77 SEK) |
539.53 ISK (41.68 SEK) |
-32.5 % |
| Local Cheese (1 lb) |
922.17 ISK (71.24 SEK) |
684.34 ISK (52.87 SEK) |
-25.8 % |
| Chicken Fillets (1 lb) |
1,174.00 ISK (90.69 SEK) |
711.54 ISK (54.97 SEK) |
-39.4 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
1,944.92 ISK (150.25 SEK) |
1,007.72 ISK (77.85 SEK) |
-48.2 % |
| Apples (1 lb) |
197.01 ISK (15.22 SEK) |
174.38 ISK (13.47 SEK) |
-11.5 % |
| Banana (1 lb) |
139.16 ISK (10.75 SEK) |
154.36 ISK (11.92 SEK) |
+10.9 % |
| Oranges (1 lb) |
171.20 ISK (13.23 SEK) |
178.28 ISK (13.77 SEK) |
+4.1 % |
| Tomato (1 lb) |
292.63 ISK (22.61 SEK) |
268.51 ISK (20.74 SEK) |
-8.2 % |
| Potato (1 lb) |
192.76 ISK (14.89 SEK) |
93.57 ISK (7.23 SEK) |
-51.5 % |
| Onion (1 lb) |
120.36 ISK (9.30 SEK) |
104.98 ISK (8.11 SEK) |
-12.8 % |
| Lettuce (1 head) |
434.00 ISK (33.53 SEK) |
292.78 ISK (22.62 SEK) |
-32.5 % |
| Water (1.5 liter bottle) |
293.59 ISK (22.68 SEK) |
191.51 ISK (14.79 SEK) |
-34.8 % |
| Bottle of Wine (Mid-Range) |
2,750.00 ISK (212.45 SEK) |
1,294.45 ISK (100.00 SEK) |
-52.9 % |
| Domestic Beer (0.5 liter bottle) |
439.70 ISK (33.97 SEK) |
257.41 ISK (19.89 SEK) |
-41.5 % |
| Imported Beer (12 oz small bottle) |
369.58 ISK (28.55 SEK) |
273.90 ISK (21.16 SEK) |
-25.9 % |
| Cigarettes 20 Pack (Marlboro) |
1,600.00 ISK (123.60 SEK) |
906.12 ISK (70.00 SEK) |
-43.4 % |
Transportation | Iceland Edit |
Sweden Edit | |
| One-way Ticket (Local Transport) |
570.00 ISK (44.03 SEK) |
453.06 ISK (35.00 SEK) |
-20.5 % |
| Monthly Pass (Regular Price) |
9,300.00 ISK (718.45 SEK) |
10,808.68 ISK (835.00 SEK) |
+16.2 % |
| Taxi Start (Normal Tariff) |
730.00 ISK (56.39 SEK) |
783.14 ISK (60.50 SEK) |
+7.3 % |
| Taxi 1 mile (Normal Tariff) |
487.63 ISK (37.67 SEK) |
406.23 ISK (31.38 SEK) |
-16.7 % |
| Taxi 1hour Waiting (Normal Tariff) |
9,360.00 ISK (723.09 SEK) |
7,637.27 ISK (590.00 SEK) |
-18.4 % |
| Gasoline (1 gallon) |
1,178.79 ISK (91.06 SEK) |
954.86 ISK (73.77 SEK) |
-19.0 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
5,290,000.00 ISK (408,667.09 SEK) |
3,999,857.24 ISK (309,000.00 SEK) |
-24.4 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
5,774,916.67 ISK (446,128.23 SEK) |
4,027,073.51 ISK (311,102.53 SEK) |
-30.3 % |
Utilities (Monthly) | Iceland Edit |
Sweden Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
14,762.77 ISK (1,140.46 SEK) |
14,274.57 ISK (1,102.75 SEK) |
-3.3 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
3,320.53 ISK (256.52 SEK) |
3,726.25 ISK (287.86 SEK) |
+12.2 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
9,867.88 ISK (762.32 SEK) |
4,206.17 ISK (324.94 SEK) |
-57.4 % |
Sports And Leisure | Iceland Edit |
Sweden Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
8,865.14 ISK (684.86 SEK) |
4,979.41 ISK (384.67 SEK) |
-43.8 % |
| Tennis Court Rent (1 Hour on Weekend) |
4,248.33 ISK (328.20 SEK) |
3,443.32 ISK (266.01 SEK) |
-18.9 % |
| Cinema, International Release, 1 Seat |
2,000.00 ISK (154.51 SEK) |
1,941.68 ISK (150.00 SEK) |
-2.9 % |
Childcare | Iceland Edit |
Sweden Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
36,663.56 ISK (2,832.36 SEK) |
18,306.55 ISK (1,414.23 SEK) |
-50.1 % |
| International Primary School, Yearly for 1 Child |
776,250.00 ISK (59,967.45 SEK) |
333,352.98 ISK (25,752.44 SEK) |
-57.1 % |
Clothing And Shoes | Iceland Edit |
Sweden Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
16,025.31 ISK (1,238.00 SEK) |
11,430.78 ISK (883.06 SEK) |
-28.7 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
6,962.11 ISK (537.84 SEK) |
5,056.57 ISK (390.63 SEK) |
-27.4 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
21,026.67 ISK (1,624.37 SEK) |
12,041.04 ISK (930.20 SEK) |
-42.7 % |
| 1 Pair of Men Leather Business Shoes |
24,089.05 ISK (1,860.95 SEK) |
16,927.16 ISK (1,307.67 SEK) |
-29.7 % |
Rent Per Month | Iceland Edit |
Sweden Edit | |
| Apartment (1 bedroom) in City Centre |
242,702.09 ISK (18,749.41 SEK) |
132,610.96 ISK (10,244.56 SEK) |
-45.4 % |
| Apartment (1 bedroom) Outside of Centre |
216,070.92 ISK (16,692.07 SEK) |
94,216.64 ISK (7,278.50 SEK) |
-56.4 % |
| Apartment (3 bedrooms) in City Centre |
341,073.17 ISK (26,348.84 SEK) |
202,186.03 ISK (15,619.43 SEK) |
-40.7 % |
| Apartment (3 bedrooms) Outside of Centre |
308,918.92 ISK (23,864.84 SEK) |
153,838.62 ISK (11,884.46 SEK) |
-50.2 % |
Buy Apartment Price | Iceland Edit |
Sweden Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
73,973.43 ISK (5,714.65 SEK) |
68,974.47 ISK (5,328.47 SEK) |
-6.8 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
60,044.24 ISK (4,638.58 SEK) |
41,888.16 ISK (3,235.98 SEK) |
-30.2 % |
Salaries And Financing | Iceland Edit |
Sweden Edit | |
| Average Monthly Net Salary (After Tax) |
583,779.42 ISK (45,098.57 SEK) |
385,501.63 ISK (29,781.06 SEK) |
-34.0 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 7.37 | 4.73 | -35.8 % |
| Last update: | April 2024 | May 2024 | |
| Contributors in the past 12 months: | 199 | 835 |
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