Cost of Living Comparison Between India and Iceland 
| Indices Difference |  |
|---|---|
| Cost of Living in Iceland is 373.8% higher than in India (excluding rent) | |
| Cost of Living Including Rent in Iceland is 457.5% higher than in India | |
| Rent Prices in Iceland are 883.3% higher than in India | |
| Restaurant Prices in Iceland are 531.6% higher than in India | |
| Groceries Prices in Iceland are 347.5% higher than in India | |
| Local Purchasing Power in Iceland is 44.6% higher than in India | |
Restaurants | India Edit |
Iceland Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
250.00 ₹ (372.52 kr) |
2,130.76 ₹ (3,175.00 kr) |
+752.3 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
1,200.00 ₹ (1,788.10 kr) |
12,079.89 ₹ (18,000.00 kr) |
+906.7 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
350.00 ₹ (521.53 kr) |
1,677.76 ₹ (2,500.00 kr) |
+379.4 % |
| Domestic Beer (1 pint draught) |
173.70 ₹ (258.83 kr) |
1,006.66 ₹ (1,500.00 kr) |
+479.5 % |
| Imported Beer (12 oz small bottle) |
300.00 ₹ (447.02 kr) |
872.44 ₹ (1,300.00 kr) |
+190.8 % |
| Cappuccino (regular) |
161.11 ₹ (240.07 kr) |
503.42 ₹ (750.13 kr) |
+212.5 % |
| Coke/Pepsi (12 oz small bottle) |
36.69 ₹ (54.67 kr) |
270.38 ₹ (402.88 kr) |
+636.9 % |
| Water (12 oz small bottle) |
14.70 ₹ (21.91 kr) |
219.87 ₹ (327.62 kr) |
+1,395.3 % |
Markets | India Edit |
Iceland Edit | |
| Milk (regular), (1 gallon) |
227.85 ₹ (339.52 kr) |
598.01 ₹ (891.09 kr) |
+162.5 % |
| Loaf of Fresh White Bread (1 lb) |
39.12 ₹ (58.29 kr) |
311.47 ₹ (464.12 kr) |
+696.3 % |
| Rice (white), (1 lb) |
27.61 ₹ (41.15 kr) |
131.95 ₹ (196.62 kr) |
+377.8 % |
| Eggs (regular) (12) |
83.11 ₹ (123.83 kr) |
539.54 ₹ (803.95 kr) |
+549.2 % |
| Local Cheese (1 lb) |
207.49 ₹ (309.17 kr) |
704.85 ₹ (1,050.28 kr) |
+239.7 % |
| Chicken Fillets (1 lb) |
122.30 ₹ (182.23 kr) |
913.09 ₹ (1,360.57 kr) |
+646.6 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
223.85 ₹ (333.55 kr) |
1,620.81 ₹ (2,415.14 kr) |
+624.1 % |
| Apples (1 lb) |
83.61 ₹ (124.59 kr) |
116.94 ₹ (174.26 kr) |
+39.9 % |
| Banana (1 lb) |
28.50 ₹ (42.47 kr) |
93.29 ₹ (139.01 kr) |
+227.3 % |
| Oranges (1 lb) |
41.97 ₹ (62.54 kr) |
110.02 ₹ (163.94 kr) |
+162.2 % |
| Tomato (1 lb) |
21.57 ₹ (32.15 kr) |
185.67 ₹ (276.66 kr) |
+760.7 % |
| Potato (1 lb) |
16.35 ₹ (24.36 kr) |
136.17 ₹ (202.90 kr) |
+733.0 % |
| Onion (1 lb) |
18.70 ₹ (27.86 kr) |
84.63 ₹ (126.10 kr) |
+352.6 % |
| Lettuce (1 head) |
45.89 ₹ (68.37 kr) |
264.56 ₹ (394.21 kr) |
+476.6 % |
| Water (1.5 liter bottle) |
28.98 ₹ (43.18 kr) |
187.23 ₹ (278.99 kr) |
+546.2 % |
| Bottle of Wine (Mid-Range) |
700.00 ₹ (1,043.06 kr) |
1,979.76 ₹ (2,950.00 kr) |
+182.8 % |
| Domestic Beer (0.5 liter bottle) |
158.93 ₹ (236.82 kr) |
307.48 ₹ (458.18 kr) |
+93.5 % |
| Imported Beer (12 oz small bottle) |
255.31 ₹ (380.43 kr) |
261.44 ₹ (389.57 kr) |
+2.4 % |
| Cigarettes 20 Pack (Marlboro) |
350.00 ₹ (521.53 kr) |
1,187.52 ₹ (1,769.50 kr) |
+239.3 % |
Transportation | India Edit |
Iceland Edit | |
| One-way Ticket (Local Transport) |
30.00 ₹ (44.70 kr) |
429.51 ₹ (640.00 kr) |
+1,331.7 % |
| Monthly Pass (Regular Price) |
859.87 ₹ (1,281.27 kr) |
7,013.05 ₹ (10,450.00 kr) |
+715.6 % |
| Taxi Start (Normal Tariff) |
80.00 ₹ (119.21 kr) |
530.17 ₹ (790.00 kr) |
+562.7 % |
| Taxi 1 mile (Normal Tariff) |
40.23 ₹ (59.95 kr) |
349.93 ₹ (521.43 kr) |
+769.8 % |
| Taxi 1hour Waiting (Normal Tariff) |
150.00 ₹ (223.51 kr) |
7,187.54 ₹ (10,710.00 kr) |
+4,691.7 % |
| Gasoline (1 gallon) |
390.34 ₹ (581.64 kr) |
791.67 ₹ (1,179.65 kr) |
+102.8 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
1,200,000.00 ₹ (1,788,095.25 kr) |
3,952,809.57 ₹ (5,890,000.00 kr) |
+229.4 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
1,946,587.05 ₹ (2,900,569.21 kr) |
4,474,034.60 ₹ (6,666,666.67 kr) |
+129.8 % |
Utilities (Monthly) | India Edit |
Iceland Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
3,504.90 ₹ (5,222.58 kr) |
7,505.12 ₹ (11,183.22 kr) |
+114.1 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
329.64 ₹ (491.19 kr) |
2,302.13 ₹ (3,430.36 kr) |
+598.4 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
688.77 ₹ (1,026.32 kr) |
7,236.84 ₹ (10,783.47 kr) |
+950.7 % |
Sports And Leisure | India Edit |
Iceland Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
1,394.98 ₹ (2,078.64 kr) |
6,679.63 ₹ (9,953.18 kr) |
+378.8 % |
| Tennis Court Rent (1 Hour on Weekend) |
651.76 ₹ (971.18 kr) |
3,131.82 ₹ (4,666.67 kr) |
+380.5 % |
| Cinema, International Release, 1 Seat |
300.00 ₹ (447.02 kr) |
1,469.72 ₹ (2,190.00 kr) |
+389.9 % |
Childcare | India Edit |
Iceland Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
5,984.08 ₹ (8,916.75 kr) |
29,280.52 ₹ (43,630.30 kr) |
+389.3 % |
| International Primary School, Yearly for 1 Child |
156,960.40 ₹ (233,883.46 kr) |
2,512,815.81 ₹ (3,744,295.00 kr) |
+1,500.9 % |
Clothing And Shoes | India Edit |
Iceland Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
2,216.53 ₹ (3,302.80 kr) |
11,558.01 ₹ (17,222.35 kr) |
+421.4 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
2,303.08 ₹ (3,431.78 kr) |
5,311.80 ₹ (7,915.00 kr) |
+130.6 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
3,947.07 ₹ (5,881.44 kr) |
14,574.17 ₹ (21,716.67 kr) |
+269.2 % |
| 1 Pair of Men Leather Business Shoes |
2,881.52 ₹ (4,293.69 kr) |
21,194.34 ₹ (31,581.25 kr) |
+635.5 % |
Rent Per Month | India Edit |
Iceland Edit | |
| Apartment (1 bedroom) in City Centre |
15,916.37 ₹ (23,716.66 kr) |
184,553.93 ₹ (275,000.00 kr) |
+1,059.5 % |
| Apartment (1 bedroom) Outside of Centre |
10,006.70 ₹ (14,910.78 kr) |
166,657.79 ₹ (248,333.33 kr) |
+1,565.5 % |
| Apartment (3 bedrooms) in City Centre |
36,907.50 ₹ (54,995.11 kr) |
264,389.63 ₹ (393,961.54 kr) |
+616.4 % |
| Apartment (3 bedrooms) Outside of Centre |
22,850.41 ₹ (34,048.93 kr) |
226,883.27 ₹ (338,074.07 kr) |
+892.9 % |
Buy Apartment Price | India Edit |
Iceland Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
12,839.04 ₹ (19,131.18 kr) |
57,963.45 ₹ (86,370.14 kr) |
+351.5 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
6,931.41 ₹ (10,328.35 kr) |
49,200.63 ₹ (73,312.85 kr) |
+609.8 % |
Salaries And Financing | India Edit |
Iceland Edit | |
| Average Monthly Net Salary (After Tax) |
46,955.44 ₹ (69,967.33 kr) |
378,485.23 ₹ (563,973.03 kr) |
+706.1 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 9.00 | 9.90 | +9.9 % |
| Last update: | 23 May 2025 | 21 May 2025 | |
| Contributors in the past 12 months: | 4385 | 152 |
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