Cost of Living Comparison Between New Zealand and Iceland 
| Indices Difference |  |
|---|---|
| Cost of Living in Iceland is 54.7% higher than in New Zealand (excluding rent) | |
| Cost of Living Including Rent in Iceland is 63.1% higher than in New Zealand | |
| Rent Prices in Iceland are 87.9% higher than in New Zealand | |
| Restaurant Prices in Iceland are 76.9% higher than in New Zealand | |
| Groceries Prices in Iceland are 50.7% higher than in New Zealand | |
| Local Purchasing Power in Iceland is 11.6% lower than in New Zealand | |
Restaurants | New Zealand Edit |
Iceland Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
25.00 NZ$ (1,914.75 kr) |
40.48 NZ$ (3,100.00 kr) |
+61.9 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
125.00 NZ$ (9,573.74 kr) |
228.49 NZ$ (17,500.00 kr) |
+82.8 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
15.00 NZ$ (1,148.85 kr) |
32.64 NZ$ (2,500.00 kr) |
+117.6 % |
| Domestic Beer (1 pint draught) |
11.00 NZ$ (842.49 kr) |
19.58 NZ$ (1,500.00 kr) |
+78.0 % |
| Imported Beer (12 oz small bottle) |
11.00 NZ$ (842.49 kr) |
16.87 NZ$ (1,292.35 kr) |
+53.4 % |
| Cappuccino (regular) |
5.69 NZ$ (435.83 kr) |
9.79 NZ$ (749.77 kr) |
+72.0 % |
| Coke/Pepsi (12 oz small bottle) |
3.77 NZ$ (288.43 kr) |
5.34 NZ$ (408.78 kr) |
+41.7 % |
| Water (12 oz small bottle) |
3.49 NZ$ (267.36 kr) |
4.27 NZ$ (327.20 kr) |
+22.4 % |
Markets | New Zealand Edit |
Iceland Edit | |
| Milk (regular), (1 gallon) |
11.29 NZ$ (864.34 kr) |
11.63 NZ$ (891.09 kr) |
+3.1 % |
| Loaf of Fresh White Bread (1 lb) |
2.92 NZ$ (223.98 kr) |
5.82 NZ$ (445.61 kr) |
+98.9 % |
| Rice (white), (1 lb) |
1.40 NZ$ (106.97 kr) |
2.58 NZ$ (197.27 kr) |
+84.4 % |
| Eggs (regular) (12) |
10.76 NZ$ (823.87 kr) |
10.68 NZ$ (818.07 kr) |
-0.7 % |
| Local Cheese (1 lb) |
6.23 NZ$ (476.90 kr) |
13.44 NZ$ (1,029.73 kr) |
+115.9 % |
| Chicken Fillets (1 lb) |
7.16 NZ$ (548.44 kr) |
17.64 NZ$ (1,350.80 kr) |
+146.3 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
9.75 NZ$ (746.98 kr) |
30.38 NZ$ (2,326.81 kr) |
+211.5 % |
| Apples (1 lb) |
2.11 NZ$ (161.80 kr) |
2.29 NZ$ (175.18 kr) |
+8.3 % |
| Banana (1 lb) |
1.71 NZ$ (130.99 kr) |
1.83 NZ$ (139.94 kr) |
+6.8 % |
| Oranges (1 lb) |
2.30 NZ$ (176.01 kr) |
2.14 NZ$ (163.99 kr) |
-6.8 % |
| Tomato (1 lb) |
3.58 NZ$ (273.83 kr) |
3.74 NZ$ (286.79 kr) |
+4.7 % |
| Potato (1 lb) |
1.58 NZ$ (120.71 kr) |
2.65 NZ$ (203.14 kr) |
+68.3 % |
| Onion (1 lb) |
1.33 NZ$ (102.06 kr) |
1.65 NZ$ (126.19 kr) |
+23.6 % |
| Lettuce (1 head) |
3.92 NZ$ (299.94 kr) |
5.25 NZ$ (402.25 kr) |
+34.1 % |
| Water (1.5 liter bottle) |
1.89 NZ$ (144.57 kr) |
3.66 NZ$ (280.46 kr) |
+94.0 % |
| Bottle of Wine (Mid-Range) |
16.00 NZ$ (1,225.44 kr) |
39.17 NZ$ (3,000.00 kr) |
+144.8 % |
| Domestic Beer (0.5 liter bottle) |
4.98 NZ$ (381.31 kr) |
6.04 NZ$ (462.58 kr) |
+21.3 % |
| Imported Beer (12 oz small bottle) |
5.82 NZ$ (446.00 kr) |
5.08 NZ$ (389.06 kr) |
-12.8 % |
| Cigarettes 20 Pack (Marlboro) |
40.00 NZ$ (3,063.60 kr) |
22.52 NZ$ (1,725.00 kr) |
-43.7 % |
Transportation | New Zealand Edit |
Iceland Edit | |
| One-way Ticket (Local Transport) |
4.00 NZ$ (306.36 kr) |
8.36 NZ$ (640.00 kr) |
+108.9 % |
| Monthly Pass (Regular Price) |
177.50 NZ$ (13,594.72 kr) |
135.79 NZ$ (10,400.00 kr) |
-23.5 % |
| Taxi Start (Normal Tariff) |
4.00 NZ$ (306.36 kr) |
10.31 NZ$ (790.00 kr) |
+157.9 % |
| Taxi 1 mile (Normal Tariff) |
5.47 NZ$ (419.08 kr) |
6.81 NZ$ (521.43 kr) |
+24.4 % |
| Taxi 1hour Waiting (Normal Tariff) |
60.00 NZ$ (4,595.40 kr) |
138.66 NZ$ (10,620.00 kr) |
+131.1 % |
| Gasoline (1 gallon) |
10.62 NZ$ (813.41 kr) |
15.43 NZ$ (1,182.00 kr) |
+45.3 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
45,000.00 NZ$ (3,446,547.75 kr) |
76,903.04 NZ$ (5,890,000.00 kr) |
+70.9 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
36,014.36 NZ$ (2,758,338.22 kr) |
87,043.62 NZ$ (6,666,666.67 kr) |
+141.7 % |
Utilities (Monthly) | New Zealand Edit |
Iceland Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
227.83 NZ$ (17,449.55 kr) |
142.64 NZ$ (10,924.64 kr) |
-37.4 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
58.11 NZ$ (4,450.27 kr) |
44.79 NZ$ (3,430.36 kr) |
-22.9 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
86.20 NZ$ (6,602.36 kr) |
134.10 NZ$ (10,270.53 kr) |
+55.6 % |
Sports And Leisure | New Zealand Edit |
Iceland Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
61.25 NZ$ (4,691.33 kr) |
131.64 NZ$ (10,082.08 kr) |
+114.9 % |
| Tennis Court Rent (1 Hour on Weekend) |
24.87 NZ$ (1,904.60 kr) |
62.89 NZ$ (4,816.67 kr) |
+152.9 % |
| Cinema, International Release, 1 Seat |
20.00 NZ$ (1,531.80 kr) |
28.59 NZ$ (2,190.00 kr) |
+43.0 % |
Childcare | New Zealand Edit |
Iceland Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
1,248.23 NZ$ (95,601.53 kr) |
554.58 NZ$ (42,475.25 kr) |
-55.6 % |
| International Primary School, Yearly for 1 Child |
19,631.90 NZ$ (1,503,605.97 kr) |
48,887.55 NZ$ (3,744,295.00 kr) |
+149.0 % |
Clothing And Shoes | New Zealand Edit |
Iceland Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
113.95 NZ$ (8,727.65 kr) |
226.62 NZ$ (17,356.84 kr) |
+98.9 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
71.62 NZ$ (5,485.30 kr) |
97.09 NZ$ (7,436.25 kr) |
+35.6 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
160.22 NZ$ (12,271.34 kr) |
281.59 NZ$ (21,566.67 kr) |
+75.7 % |
| 1 Pair of Men Leather Business Shoes |
196.48 NZ$ (15,048.22 kr) |
387.60 NZ$ (29,685.94 kr) |
+97.3 % |
Rent Per Month | New Zealand Edit |
Iceland Edit | |
| Apartment (1 bedroom) in City Centre |
1,825.33 NZ$ (139,801.56 kr) |
3,590.55 NZ$ (275,000.00 kr) |
+96.7 % |
| Apartment (1 bedroom) Outside of Centre |
1,526.87 NZ$ (116,943.14 kr) |
3,264.14 NZ$ (250,000.00 kr) |
+113.8 % |
| Apartment (3 bedrooms) in City Centre |
2,908.94 NZ$ (222,795.53 kr) |
5,143.78 NZ$ (393,961.54 kr) |
+76.8 % |
| Apartment (3 bedrooms) Outside of Centre |
2,512.23 NZ$ (192,411.63 kr) |
4,414.08 NZ$ (338,074.07 kr) |
+75.7 % |
Buy Apartment Price | New Zealand Edit |
Iceland Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
778.32 NZ$ (59,611.17 kr) |
1,117.86 NZ$ (85,617.11 kr) |
+43.6 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
640.55 NZ$ (49,059.76 kr) |
951.81 NZ$ (72,898.79 kr) |
+48.6 % |
Salaries And Financing | New Zealand Edit |
Iceland Edit | |
| Average Monthly Net Salary (After Tax) |
4,997.06 NZ$ (382,724.56 kr) |
7,208.57 NZ$ (552,104.04 kr) |
+44.3 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 6.76 | 9.76 | +44.4 % |
| Last update: | April 2025 | April 2025 | |
| Contributors in the past 12 months: | 479 | 146 |
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