Cost of Living Comparison Between New Zealand and Iceland 
| Indices Difference |  |
|---|---|
| Cost of Living in Iceland is 55.3% higher than in New Zealand (excluding rent) | |
| Cost of Living Including Rent in Iceland is 63.5% higher than in New Zealand | |
| Rent Prices in Iceland are 87.3% higher than in New Zealand | |
| Restaurant Prices in Iceland are 77.2% higher than in New Zealand | |
| Groceries Prices in Iceland are 51.7% higher than in New Zealand | |
| Local Purchasing Power in Iceland is 10.0% lower than in New Zealand | |
Restaurants | New Zealand Edit |
Iceland Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
25.00 NZ$ (1,911.21 kr) |
40.55 NZ$ (3,100.00 kr) |
+62.2 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
125.00 NZ$ (9,556.03 kr) |
235.45 NZ$ (18,000.00 kr) |
+88.4 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
15.47 NZ$ (1,183.04 kr) |
32.70 NZ$ (2,500.00 kr) |
+111.3 % |
| Domestic Beer (1 pint draught) |
11.00 NZ$ (840.93 kr) |
19.62 NZ$ (1,500.00 kr) |
+78.4 % |
| Imported Beer (12 oz small bottle) |
11.00 NZ$ (840.93 kr) |
16.93 NZ$ (1,294.45 kr) |
+53.9 % |
| Cappuccino (regular) |
5.70 NZ$ (436.13 kr) |
9.76 NZ$ (746.48 kr) |
+71.2 % |
| Coke/Pepsi (12 oz small bottle) |
3.77 NZ$ (288.38 kr) |
5.27 NZ$ (403.15 kr) |
+39.8 % |
| Water (12 oz small bottle) |
3.53 NZ$ (269.88 kr) |
4.29 NZ$ (327.89 kr) |
+21.5 % |
Markets | New Zealand Edit |
Iceland Edit | |
| Milk (regular), (1 gallon) |
11.29 NZ$ (862.90 kr) |
11.66 NZ$ (891.09 kr) |
+3.3 % |
| Loaf of Fresh White Bread (1 lb) |
2.93 NZ$ (223.77 kr) |
5.85 NZ$ (447.52 kr) |
+100.0 % |
| Rice (white), (1 lb) |
1.40 NZ$ (106.72 kr) |
2.57 NZ$ (196.15 kr) |
+83.8 % |
| Eggs (regular) (12) |
10.76 NZ$ (822.34 kr) |
10.53 NZ$ (805.03 kr) |
-2.1 % |
| Local Cheese (1 lb) |
6.23 NZ$ (476.36 kr) |
13.69 NZ$ (1,046.48 kr) |
+119.7 % |
| Chicken Fillets (1 lb) |
7.19 NZ$ (549.45 kr) |
17.75 NZ$ (1,356.62 kr) |
+146.9 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
9.76 NZ$ (746.19 kr) |
31.90 NZ$ (2,438.52 kr) |
+226.8 % |
| Apples (1 lb) |
2.12 NZ$ (162.05 kr) |
2.26 NZ$ (172.50 kr) |
+6.4 % |
| Banana (1 lb) |
1.71 NZ$ (130.67 kr) |
1.82 NZ$ (139.19 kr) |
+6.5 % |
| Oranges (1 lb) |
2.33 NZ$ (177.77 kr) |
2.12 NZ$ (161.79 kr) |
-9.0 % |
| Tomato (1 lb) |
3.54 NZ$ (270.61 kr) |
3.53 NZ$ (269.80 kr) |
-0.3 % |
| Potato (1 lb) |
1.57 NZ$ (119.79 kr) |
2.67 NZ$ (204.09 kr) |
+70.4 % |
| Onion (1 lb) |
1.31 NZ$ (100.50 kr) |
1.68 NZ$ (128.23 kr) |
+27.6 % |
| Lettuce (1 head) |
3.95 NZ$ (301.71 kr) |
5.13 NZ$ (392.23 kr) |
+30.0 % |
| Water (1.5 liter bottle) |
1.91 NZ$ (145.92 kr) |
3.65 NZ$ (279.23 kr) |
+91.4 % |
| Bottle of Wine (Mid-Range) |
16.00 NZ$ (1,223.17 kr) |
39.24 NZ$ (3,000.00 kr) |
+145.3 % |
| Domestic Beer (0.5 liter bottle) |
5.00 NZ$ (382.09 kr) |
6.04 NZ$ (461.81 kr) |
+20.9 % |
| Imported Beer (12 oz small bottle) |
5.89 NZ$ (450.10 kr) |
5.09 NZ$ (388.92 kr) |
-13.6 % |
| Cigarettes 20 Pack (Marlboro) |
40.00 NZ$ (3,057.93 kr) |
22.89 NZ$ (1,750.00 kr) |
-42.8 % |
Transportation | New Zealand Edit |
Iceland Edit | |
| One-way Ticket (Local Transport) |
4.00 NZ$ (305.79 kr) |
8.37 NZ$ (640.00 kr) |
+109.3 % |
| Monthly Pass (Regular Price) |
175.00 NZ$ (13,378.44 kr) |
136.69 NZ$ (10,450.00 kr) |
-21.9 % |
| Taxi Start (Normal Tariff) |
4.00 NZ$ (305.79 kr) |
10.33 NZ$ (790.00 kr) |
+158.3 % |
| Taxi 1 mile (Normal Tariff) |
5.47 NZ$ (418.31 kr) |
6.82 NZ$ (521.43 kr) |
+24.7 % |
| Taxi 1hour Waiting (Normal Tariff) |
60.00 NZ$ (4,586.90 kr) |
140.09 NZ$ (10,710.00 kr) |
+133.5 % |
| Gasoline (1 gallon) |
10.61 NZ$ (811.07 kr) |
15.43 NZ$ (1,179.65 kr) |
+45.4 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
45,990.00 NZ$ (3,515,855.26 kr) |
77,045.58 NZ$ (5,890,000.00 kr) |
+67.5 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
36,224.33 NZ$ (2,769,287.04 kr) |
87,204.96 NZ$ (6,666,666.67 kr) |
+140.7 % |
Utilities (Monthly) | New Zealand Edit |
Iceland Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
227.34 NZ$ (17,379.87 kr) |
146.28 NZ$ (11,183.22 kr) |
-35.7 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
58.11 NZ$ (4,442.04 kr) |
44.87 NZ$ (3,430.36 kr) |
-22.8 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
85.95 NZ$ (6,571.07 kr) |
141.06 NZ$ (10,783.47 kr) |
+64.1 % |
Sports And Leisure | New Zealand Edit |
Iceland Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
61.02 NZ$ (4,665.21 kr) |
130.20 NZ$ (9,953.18 kr) |
+113.3 % |
| Tennis Court Rent (1 Hour on Weekend) |
24.58 NZ$ (1,878.99 kr) |
61.04 NZ$ (4,666.67 kr) |
+148.4 % |
| Cinema, International Release, 1 Seat |
20.00 NZ$ (1,528.97 kr) |
28.65 NZ$ (2,190.00 kr) |
+43.2 % |
Childcare | New Zealand Edit |
Iceland Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
1,270.39 NZ$ (97,119.40 kr) |
570.72 NZ$ (43,630.30 kr) |
-55.1 % |
| International Primary School, Yearly for 1 Child |
19,183.62 NZ$ (1,466,554.33 kr) |
48,978.16 NZ$ (3,744,295.00 kr) |
+155.3 % |
Clothing And Shoes | New Zealand Edit |
Iceland Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
112.87 NZ$ (8,628.53 kr) |
225.28 NZ$ (17,222.35 kr) |
+99.6 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
71.54 NZ$ (5,468.85 kr) |
103.53 NZ$ (7,915.00 kr) |
+44.7 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
160.51 NZ$ (12,271.02 kr) |
284.07 NZ$ (21,716.67 kr) |
+77.0 % |
| 1 Pair of Men Leather Business Shoes |
195.77 NZ$ (14,966.28 kr) |
413.11 NZ$ (31,581.25 kr) |
+111.0 % |
Rent Per Month | New Zealand Edit |
Iceland Edit | |
| Apartment (1 bedroom) in City Centre |
1,818.79 NZ$ (139,042.95 kr) |
3,597.20 NZ$ (275,000.00 kr) |
+97.8 % |
| Apartment (1 bedroom) Outside of Centre |
1,517.12 NZ$ (115,981.02 kr) |
3,270.19 NZ$ (250,000.00 kr) |
+115.6 % |
| Apartment (3 bedrooms) in City Centre |
2,927.98 NZ$ (223,839.02 kr) |
5,153.31 NZ$ (393,961.54 kr) |
+76.0 % |
| Apartment (3 bedrooms) Outside of Centre |
2,514.43 NZ$ (192,223.89 kr) |
4,422.26 NZ$ (338,074.07 kr) |
+75.9 % |
Buy Apartment Price | New Zealand Edit |
Iceland Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
766.75 NZ$ (58,616.63 kr) |
1,129.79 NZ$ (86,370.14 kr) |
+47.3 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
653.65 NZ$ (49,970.06 kr) |
958.99 NZ$ (73,312.85 kr) |
+46.7 % |
Salaries And Financing | New Zealand Edit |
Iceland Edit | |
| Average Monthly Net Salary (After Tax) |
5,017.90 NZ$ (383,609.67 kr) |
7,379.46 NZ$ (564,146.97 kr) |
+47.1 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 6.76 | 9.90 | +46.5 % |
| Last update: | April 2025 | April 2025 | |
| Contributors in the past 12 months: | 475 | 146 |
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