Cost of Living Comparison Between Spain and Iceland 
| Indices Difference |  |
|---|---|
| Cost of Living in Iceland is 92.4% higher than in Spain (excluding rent) | |
| Cost of Living Including Rent in Iceland is 96.5% higher than in Spain | |
| Rent Prices in Iceland are 107.5% higher than in Spain | |
| Restaurant Prices in Iceland are 105.7% higher than in Spain | |
| Groceries Prices in Iceland are 110.9% higher than in Spain | |
| Local Purchasing Power in Iceland is 15.8% higher than in Spain | |
Restaurants | Spain Edit |
Iceland Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
14.00 € (2,027.20 kr) |
21.93 € (3,175.00 kr) |
+56.6 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
50.00 € (7,240.00 kr) |
124.31 € (18,000.00 kr) |
+148.6 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
9.00 € (1,303.20 kr) |
17.27 € (2,500.00 kr) |
+91.8 % |
| Domestic Beer (1 pint draught) |
3.00 € (434.40 kr) |
10.36 € (1,500.00 kr) |
+245.3 % |
| Imported Beer (12 oz small bottle) |
3.50 € (506.80 kr) |
8.98 € (1,300.00 kr) |
+156.5 % |
| Cappuccino (regular) |
2.02 € (292.39 kr) |
5.18 € (750.13 kr) |
+156.6 % |
| Coke/Pepsi (12 oz small bottle) |
2.17 € (314.70 kr) |
2.78 € (402.88 kr) |
+28.0 % |
| Water (12 oz small bottle) |
1.61 € (232.89 kr) |
2.26 € (327.62 kr) |
+40.7 % |
Markets | Spain Edit |
Iceland Edit | |
| Milk (regular), (1 gallon) |
3.94 € (571.08 kr) |
6.15 € (891.09 kr) |
+56.0 % |
| Loaf of Fresh White Bread (1 lb) |
1.22 € (176.62 kr) |
3.21 € (464.12 kr) |
+162.8 % |
| Rice (white), (1 lb) |
0.64 € (92.39 kr) |
1.36 € (196.62 kr) |
+112.8 % |
| Eggs (regular) (12) |
2.60 € (376.55 kr) |
5.55 € (803.95 kr) |
+113.5 % |
| Local Cheese (1 lb) |
5.53 € (800.21 kr) |
7.25 € (1,050.28 kr) |
+31.3 % |
| Chicken Fillets (1 lb) |
3.30 € (478.40 kr) |
9.40 € (1,360.57 kr) |
+184.4 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
6.16 € (891.98 kr) |
16.68 € (2,415.14 kr) |
+170.8 % |
| Apples (1 lb) |
0.96 € (138.93 kr) |
1.20 € (174.26 kr) |
+25.4 % |
| Banana (1 lb) |
0.79 € (114.72 kr) |
0.96 € (139.01 kr) |
+21.2 % |
| Oranges (1 lb) |
0.81 € (117.15 kr) |
1.13 € (163.94 kr) |
+39.9 % |
| Tomato (1 lb) |
1.01 € (145.58 kr) |
1.91 € (276.66 kr) |
+90.0 % |
| Potato (1 lb) |
0.70 € (102.02 kr) |
1.40 € (202.90 kr) |
+98.9 % |
| Onion (1 lb) |
0.75 € (108.79 kr) |
0.87 € (126.10 kr) |
+15.9 % |
| Lettuce (1 head) |
1.13 € (163.88 kr) |
2.72 € (394.21 kr) |
+140.6 % |
| Water (1.5 liter bottle) |
0.66 € (96.25 kr) |
1.93 € (278.99 kr) |
+189.9 % |
| Bottle of Wine (Mid-Range) |
5.00 € (724.00 kr) |
20.37 € (2,950.00 kr) |
+307.5 % |
| Domestic Beer (0.5 liter bottle) |
1.11 € (160.09 kr) |
3.16 € (458.18 kr) |
+186.2 % |
| Imported Beer (12 oz small bottle) |
1.81 € (261.78 kr) |
2.69 € (389.57 kr) |
+48.8 % |
| Cigarettes 20 Pack (Marlboro) |
5.50 € (796.40 kr) |
12.22 € (1,769.50 kr) |
+122.2 % |
Transportation | Spain Edit |
Iceland Edit | |
| One-way Ticket (Local Transport) |
1.50 € (217.20 kr) |
4.42 € (640.00 kr) |
+194.7 % |
| Monthly Pass (Regular Price) |
30.00 € (4,344.00 kr) |
72.17 € (10,450.00 kr) |
+140.6 % |
| Taxi Start (Normal Tariff) |
3.85 € (557.48 kr) |
5.46 € (790.00 kr) |
+41.7 % |
| Taxi 1 mile (Normal Tariff) |
2.09 € (302.94 kr) |
3.60 € (521.43 kr) |
+72.1 % |
| Taxi 1hour Waiting (Normal Tariff) |
23.00 € (3,330.40 kr) |
73.96 € (10,710.00 kr) |
+221.6 % |
| Gasoline (1 gallon) |
5.85 € (847.55 kr) |
8.15 € (1,179.65 kr) |
+39.2 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
33,365.00 € (4,831,249.46 kr) |
40,676.82 € (5,890,000.00 kr) |
+21.9 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
26,859.97 € (3,889,322.07 kr) |
46,040.54 € (6,666,666.67 kr) |
+71.4 % |
Utilities (Monthly) | Spain Edit |
Iceland Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
129.86 € (18,803.11 kr) |
77.23 € (11,183.22 kr) |
-40.5 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
17.49 € (2,532.94 kr) |
23.69 € (3,430.36 kr) |
+35.4 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
29.42 € (4,259.73 kr) |
74.47 € (10,783.47 kr) |
+153.1 % |
Sports And Leisure | Spain Edit |
Iceland Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
40.22 € (5,823.48 kr) |
68.74 € (9,953.18 kr) |
+70.9 % |
| Tennis Court Rent (1 Hour on Weekend) |
13.62 € (1,971.68 kr) |
32.23 € (4,666.67 kr) |
+136.7 % |
| Cinema, International Release, 1 Seat |
8.00 € (1,158.40 kr) |
15.12 € (2,190.00 kr) |
+89.1 % |
Childcare | Spain Edit |
Iceland Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
445.64 € (64,528.64 kr) |
301.31 € (43,630.30 kr) |
-32.4 % |
| International Primary School, Yearly for 1 Child |
8,581.08 € (1,242,540.21 kr) |
25,858.40 € (3,744,295.00 kr) |
+201.3 % |
Clothing And Shoes | Spain Edit |
Iceland Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
74.55 € (10,795.37 kr) |
118.94 € (17,222.35 kr) |
+59.5 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
31.56 € (4,569.32 kr) |
54.66 € (7,915.00 kr) |
+73.2 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
78.04 € (11,299.64 kr) |
149.98 € (21,716.67 kr) |
+92.2 % |
| 1 Pair of Men Leather Business Shoes |
91.43 € (13,238.46 kr) |
218.10 € (31,581.25 kr) |
+138.6 % |
Rent Per Month | Spain Edit |
Iceland Edit | |
| Apartment (1 bedroom) in City Centre |
917.94 € (132,917.10 kr) |
1,899.17 € (275,000.00 kr) |
+106.9 % |
| Apartment (1 bedroom) Outside of Centre |
720.88 € (104,383.70 kr) |
1,715.01 € (248,333.33 kr) |
+137.9 % |
| Apartment (3 bedrooms) in City Centre |
1,464.36 € (212,039.38 kr) |
2,720.73 € (393,961.54 kr) |
+85.8 % |
| Apartment (3 bedrooms) Outside of Centre |
1,074.45 € (155,580.92 kr) |
2,334.77 € (338,074.07 kr) |
+117.3 % |
Buy Apartment Price | Spain Edit |
Iceland Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
339.85 € (49,209.77 kr) |
596.48 € (86,370.14 kr) |
+75.5 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
212.88 € (30,824.39 kr) |
506.30 € (73,312.85 kr) |
+137.8 % |
Salaries And Financing | Spain Edit |
Iceland Edit | |
| Average Monthly Net Salary (After Tax) |
1,711.62 € (247,842.09 kr) |
3,894.84 € (563,973.03 kr) |
+127.6 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 3.51 | 9.90 | +181.9 % |
| Last update: | 23 May 2025 | 21 May 2025 | |
| Contributors in the past 12 months: | 1726 | 152 |
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