Cost of Living Comparison Between Singapore and Iceland 
| Indices Difference |  |
|---|---|
| Cost of Living in Iceland is 13.6% higher than in Singapore (excluding rent) | |
| Cost of Living Including Rent in Iceland is 5.1% lower than in Singapore | |
| Rent Prices in Iceland are 32.6% lower than in Singapore | |
| Restaurant Prices in Iceland are 95.7% higher than in Singapore | |
| Groceries Prices in Iceland are 37.0% higher than in Singapore | |
| Local Purchasing Power in Iceland is 3.1% higher than in Singapore | |
Restaurants | Singapore Edit |
Iceland Edit | Difference |
|---|---|---|---|
| Meal at an Inexpensive Restaurant |
13.00 S$ (1,264.37 kr) |
33.93 S$ (3,300.00 kr) |
+161.0 % |
| Meal for Two at a Mid-Range Restaurant (Three Courses, Without Drinks) |
90.00 S$ (8,753.36 kr) |
164.51 S$ (16,000.00 kr) |
+82.8 % |
| Combo Meal at McDonald's (or Equivalent Fast-Food Meal) |
10.00 S$ (972.60 kr) |
28.27 S$ (2,750.00 kr) |
+182.7 % |
| Domestic Draft Beer (1 Pint) |
10.00 S$ (972.60 kr) |
15.42 S$ (1,500.00 kr) |
+54.2 % |
| Imported Beer (12 oz Small Bottle) |
12.00 S$ (1,167.11 kr) |
15.42 S$ (1,500.00 kr) |
+28.5 % |
| Cappuccino (Regular Size) |
6.06 S$ (589.21 kr) |
7.56 S$ (735.66 kr) |
+24.9 % |
| Soft Drink (Coca-Cola or Pepsi, 12 oz Small Bottle) |
1.99 S$ (193.68 kr) |
4.12 S$ (400.23 kr) |
+106.6 % |
| Bottled Water (12 oz) |
1.48 S$ (144.02 kr) |
3.46 S$ (336.27 kr) |
+133.5 % |
Markets | Singapore Edit |
Iceland Edit | |
| Milk (Regular, 1 Liter) |
3.76 S$ (366.15 kr) |
2.47 S$ (240.62 kr) |
-34.3 % |
| Fresh White Bread (1 lb Loaf) |
2.69 S$ (261.37 kr) |
5.01 S$ (487.42 kr) |
+86.5 % |
| White Rice (1 lb) |
1.56 S$ (151.50 kr) |
2.05 S$ (198.96 kr) |
+31.3 % |
| Eggs (12, Large Size) |
4.13 S$ (401.65 kr) |
8.44 S$ (821.28 kr) |
+104.5 % |
| Local Cheese (1 lb) |
10.33 S$ (1,004.90 kr) |
11.30 S$ (1,099.01 kr) |
+9.4 % |
| Chicken Fillets (1 lb) |
6.39 S$ (621.67 kr) |
14.60 S$ (1,419.51 kr) |
+128.3 % |
| Beef Round or Equivalent Back Leg Red Meat (1 lb) |
12.45 S$ (1,211.31 kr) |
25.51 S$ (2,481.04 kr) |
+104.8 % |
| Apples (1 lb) |
2.54 S$ (247.40 kr) |
1.92 S$ (186.43 kr) |
-24.6 % |
| Bananas (1 lb) |
1.81 S$ (175.62 kr) |
1.48 S$ (143.55 kr) |
-18.3 % |
| Oranges (1 lb) |
2.95 S$ (287.39 kr) |
1.80 S$ (175.51 kr) |
-38.9 % |
| Tomatoes (1 lb) |
1.47 S$ (142.70 kr) |
3.01 S$ (292.57 kr) |
+105.0 % |
| Potatoes (1 lb) |
1.47 S$ (142.87 kr) |
2.01 S$ (195.58 kr) |
+36.9 % |
| Onions (1 lb) |
1.33 S$ (128.94 kr) |
1.26 S$ (122.15 kr) |
-5.3 % |
| Lettuce (1 Head) |
2.52 S$ (245.46 kr) |
3.67 S$ (357.08 kr) |
+45.5 % |
| Bottled Water (50 oz) |
1.79 S$ (173.66 kr) |
2.72 S$ (264.76 kr) |
+52.5 % |
| Bottle of Wine (Mid-Range) |
30.00 S$ (2,917.79 kr) |
30.33 S$ (2,950.00 kr) |
+1.1 % |
| Domestic Beer (16.9 oz Bottle) |
5.58 S$ (542.53 kr) |
4.87 S$ (473.75 kr) |
-12.7 % |
| Imported Beer (12 oz Small Bottle) |
6.72 S$ (653.98 kr) |
4.28 S$ (416.54 kr) |
-36.3 % |
| Cigarettes (Pack of 20, Marlboro) |
16.50 S$ (1,604.78 kr) |
17.48 S$ (1,700.00 kr) |
+5.9 % |
Transportation | Singapore Edit |
Iceland Edit | |
| One-Way Ticket (Local Transport) |
2.00 S$ (194.52 kr) |
6.68 S$ (650.00 kr) |
+234.2 % |
| Monthly Public Transport Pass (Regular Price) |
120.00 S$ (11,671.15 kr) |
111.04 S$ (10,800.00 kr) |
-7.5 % |
| Taxi Start (Standard Tariff) |
4.60 S$ (447.39 kr) |
8.12 S$ (790.00 kr) |
+76.6 % |
| Taxi 1 mile (Standard Tariff) |
1.61 S$ (156.52 kr) |
6.02 S$ (585.16 kr) |
+273.8 % |
| Taxi 1 Hour Waiting (Standard Tariff) |
21.00 S$ (2,042.45 kr) |
111.15 S$ (10,810.00 kr) |
+429.3 % |
| Gasoline (1 Liter) |
2.79 S$ (271.01 kr) |
3.20 S$ (311.28 kr) |
+14.9 % |
| Volkswagen Golf 1.5 (or Equivalent New Compact Car) |
186,450.00 S$ (18,134,048.54 kr) |
63,644.12 S$ (6,190,000.00 kr) |
-65.9 % |
| Toyota Corolla Sedan 1.6 (or Equivalent New Mid-Size Car) |
170,937.60 S$ (16,625,319.04 kr) |
67,332.70 S$ (6,548,750.00 kr) |
-60.6 % |
Utilities (Monthly) | Singapore Edit |
Iceland Edit | |
| Basic Utilities for 915 Square Feet Apartment (Electricity, Heating, Cooling, Water, Garbage) |
196.71 S$ (19,132.33 kr) |
115.68 S$ (11,250.69 kr) |
-41.2 % |
| Mobile Phone Plan (Monthly, with Calls and 10GB+ Data) |
19.67 S$ (1,913.34 kr) |
38.64 S$ (3,758.42 kr) |
+96.4 % |
| Broadband Internet (Unlimited Data, 60 Mbps or Higher) |
41.87 S$ (4,072.35 kr) |
110.65 S$ (10,761.93 kr) |
+164.3 % |
Sports And Leisure | Singapore Edit |
Iceland Edit | |
| Monthly Fitness Club Membership |
151.46 S$ (14,730.66 kr) |
109.88 S$ (10,686.84 kr) |
-27.5 % |
| Tennis Court Rental (1 Hour, Weekend) |
15.16 S$ (1,474.07 kr) |
63.54 S$ (6,180.00 kr) |
+319.2 % |
| Cinema Ticket (International Release) |
15.00 S$ (1,458.89 kr) |
22.83 S$ (2,220.00 kr) |
+52.2 % |
Childcare | Singapore Edit |
Iceland Edit | |
| Private Full-Day Preschool or Kindergarten, Monthly Fee per Child |
1,538.67 S$ (149,650.07 kr) |
471.96 S$ (45,902.73 kr) |
-69.3 % |
| International Primary School, Annual Tuition per Child |
38,049.45 S$ (3,700,673.94 kr) |
38,497.96 S$ (3,744,295.00 kr) |
+1.2 % |
Clothing And Shoes | Singapore Edit |
Iceland Edit | |
| Jeans (Levi's 501 or Similar) |
107.29 S$ (10,434.56 kr) |
182.64 S$ (17,763.53 kr) |
+70.2 % |
| Summer Dress in a Chain Store (e.g. Zara or H&M) |
54.72 S$ (5,322.45 kr) |
77.95 S$ (7,581.67 kr) |
+42.4 % |
| Nike Running Shoes (Mid-Range) |
134.70 S$ (13,100.57 kr) |
222.99 S$ (21,687.50 kr) |
+65.5 % |
| Men's Leather Business Shoes |
156.82 S$ (15,252.07 kr) |
300.54 S$ (29,230.77 kr) |
+91.7 % |
Rent Per Month | Singapore Edit |
Iceland Edit | |
| 1 Bedroom Apartment in City Centre |
3,878.12 S$ (377,184.81 kr) |
2,965.26 S$ (288,400.00 kr) |
-23.5 % |
| 1 Bedroom Apartment Outside of City Centre |
2,841.38 S$ (276,351.36 kr) |
2,572.42 S$ (250,192.31 kr) |
-9.5 % |
| 3 Bedroom Apartment in City Centre |
7,781.67 S$ (756,841.63 kr) |
4,056.40 S$ (394,523.81 kr) |
-47.9 % |
| 3 Bedroom Apartment Outside of City Centre |
4,812.67 S$ (468,077.93 kr) |
3,428.74 S$ (333,478.26 kr) |
-28.8 % |
Buy Apartment Price | Singapore Edit |
Iceland Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
2,719.17 S$ (264,465.10 kr) |
911.92 S$ (88,693.19 kr) |
-66.5 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
1,924.02 S$ (187,129.00 kr) |
753.73 S$ (73,307.81 kr) |
-60.8 % |
Salaries And Financing | Singapore Edit |
Iceland Edit | |
| Average Monthly Net Salary (After Tax) |
5,923.23 S$ (576,090.77 kr) |
5,795.46 S$ (563,664.09 kr) |
-2.2 % |
| Annual Mortgage Interest Rate (20-Year Fixed, in %) | 2.91 | 9.47 | +224.8 % |
| Last update: | 25 November 2025 | 25 November 2025 | |
| Contributors in the past 12 months: | 363 | 174 |
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