Cost of Living Comparison Between Sweden and Iceland 
| Indices Difference |  |
|---|---|
| Consumer Prices in Iceland are 42.3% higher than in Sweden (without rent) | |
| Consumer Prices Including Rent in Iceland are 54.3% higher than in Sweden | |
| Rent Prices in Iceland are 91.3% higher than in Sweden | |
| Restaurant Prices in Iceland are 61.0% higher than in Sweden | |
| Groceries Prices in Iceland are 48.1% higher than in Sweden | |
| Local Purchasing Power in Iceland is 1.1% lower than in Sweden | |
Restaurants | Sweden Edit |
Iceland Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
125.00 SEK (1,605.55 ISK) |
233.56 SEK (3,000.00 ISK) |
+86.9 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
800.00 SEK (10,275.52 ISK) |
1,245.68 SEK (16,000.00 ISK) |
+55.7 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
100.00 SEK (1,284.44 ISK) |
179.03 SEK (2,299.50 ISK) |
+79.0 % |
| Domestic Beer (1 pint draught) |
75.00 SEK (963.33 ISK) |
111.58 SEK (1,433.15 ISK) |
+48.8 % |
| Imported Beer (12 oz small bottle) |
70.00 SEK (899.11 ISK) |
93.43 SEK (1,200.00 ISK) |
+33.5 % |
| Cappuccino (regular) |
42.50 SEK (545.93 ISK) |
53.27 SEK (684.25 ISK) |
+25.3 % |
| Coke/Pepsi (12 oz small bottle) |
23.49 SEK (301.72 ISK) |
30.59 SEK (392.87 ISK) |
+30.2 % |
| Water (12 oz small bottle) |
20.91 SEK (268.63 ISK) |
23.01 SEK (295.59 ISK) |
+10.0 % |
Markets | Sweden Edit |
Iceland Edit | |
| Milk (regular), (1 gallon) |
61.28 SEK (787.09 ISK) |
66.28 SEK (851.36 ISK) |
+8.2 % |
| Loaf of Fresh White Bread (1 lb) |
26.51 SEK (340.55 ISK) |
33.95 SEK (436.03 ISK) |
+28.0 % |
| Rice (white), (1 lb) |
16.38 SEK (210.35 ISK) |
15.62 SEK (200.69 ISK) |
-4.6 % |
| Eggs (regular) (12) |
41.65 SEK (534.92 ISK) |
62.25 SEK (799.60 ISK) |
+49.5 % |
| Local Cheese (1 lb) |
52.90 SEK (679.48 ISK) |
71.80 SEK (922.17 ISK) |
+35.7 % |
| Chicken Fillets (1 lb) |
55.08 SEK (707.52 ISK) |
91.40 SEK (1,174.00 ISK) |
+65.9 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
77.89 SEK (1,000.51 ISK) |
151.42 SEK (1,944.92 ISK) |
+94.4 % |
| Apples (1 lb) |
13.47 SEK (172.98 ISK) |
15.34 SEK (197.01 ISK) |
+13.9 % |
| Banana (1 lb) |
11.89 SEK (152.74 ISK) |
10.83 SEK (139.15 ISK) |
-8.9 % |
| Oranges (1 lb) |
13.77 SEK (176.90 ISK) |
13.33 SEK (171.20 ISK) |
-3.2 % |
| Tomato (1 lb) |
20.70 SEK (265.94 ISK) |
22.78 SEK (292.63 ISK) |
+10.0 % |
| Potato (1 lb) |
7.26 SEK (93.22 ISK) |
15.01 SEK (192.76 ISK) |
+106.8 % |
| Onion (1 lb) |
8.05 SEK (103.43 ISK) |
9.37 SEK (120.36 ISK) |
+16.4 % |
| Lettuce (1 head) |
22.58 SEK (290.07 ISK) |
33.79 SEK (434.00 ISK) |
+49.6 % |
| Water (1.5 liter bottle) |
14.79 SEK (190.03 ISK) |
22.86 SEK (293.58 ISK) |
+54.5 % |
| Bottle of Wine (Mid-Range) |
100.00 SEK (1,284.44 ISK) |
214.10 SEK (2,750.00 ISK) |
+114.1 % |
| Domestic Beer (0.5 liter bottle) |
19.89 SEK (255.45 ISK) |
34.23 SEK (439.70 ISK) |
+72.1 % |
| Imported Beer (12 oz small bottle) |
21.15 SEK (271.67 ISK) |
28.77 SEK (369.58 ISK) |
+36.0 % |
| Cigarettes 20 Pack (Marlboro) |
70.00 SEK (899.11 ISK) |
124.57 SEK (1,600.00 ISK) |
+78.0 % |
Transportation | Sweden Edit |
Iceland Edit | |
| One-way Ticket (Local Transport) |
35.00 SEK (449.55 ISK) |
44.38 SEK (570.00 ISK) |
+26.8 % |
| Monthly Pass (Regular Price) |
835.00 SEK (10,725.07 ISK) |
724.05 SEK (9,300.00 ISK) |
-13.3 % |
| Taxi Start (Normal Tariff) |
60.00 SEK (770.66 ISK) |
56.83 SEK (730.00 ISK) |
-5.3 % |
| Taxi 1 mile (Normal Tariff) |
32.19 SEK (413.42 ISK) |
37.96 SEK (487.63 ISK) |
+18.0 % |
| Taxi 1hour Waiting (Normal Tariff) |
590.00 SEK (7,578.19 ISK) |
728.72 SEK (9,360.00 ISK) |
+23.5 % |
| Gasoline (1 gallon) |
73.78 SEK (947.62 ISK) |
91.77 SEK (1,178.77 ISK) |
+24.4 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
309,000.00 SEK (3,968,919.02 ISK) |
411,852.70 SEK (5,290,000.00 ISK) |
+33.3 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
311,102.53 SEK (3,995,924.78 ISK) |
449,605.86 SEK (5,774,916.67 ISK) |
+44.5 % |
Utilities (Monthly) | Sweden Edit |
Iceland Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
1,102.87 SEK (14,165.70 ISK) |
1,149.24 SEK (14,761.35 ISK) |
+4.2 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
287.95 SEK (3,698.49 ISK) |
258.52 SEK (3,320.53 ISK) |
-10.2 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
324.94 SEK (4,173.64 ISK) |
767.88 SEK (9,862.98 ISK) |
+136.3 % |
Sports And Leisure | Sweden Edit |
Iceland Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
385.62 SEK (4,953.08 ISK) |
690.19 SEK (8,865.14 ISK) |
+79.0 % |
| Tennis Court Rent (1 Hour on Weekend) |
265.84 SEK (3,414.53 ISK) |
330.75 SEK (4,248.33 ISK) |
+24.4 % |
| Cinema, International Release, 1 Seat |
150.00 SEK (1,926.66 ISK) |
155.71 SEK (2,000.00 ISK) |
+3.8 % |
Childcare | Sweden Edit |
Iceland Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
1,413.43 SEK (18,154.70 ISK) |
2,854.44 SEK (36,663.56 ISK) |
+102.0 % |
| International Primary School, Yearly for 1 Child |
25,752.44 SEK (330,774.55 ISK) |
60,434.91 SEK (776,250.00 ISK) |
+134.7 % |
Clothing And Shoes | Sweden Edit |
Iceland Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
883.61 SEK (11,349.43 ISK) |
1,247.65 SEK (16,025.31 ISK) |
+41.2 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
392.13 SEK (5,036.74 ISK) |
542.03 SEK (6,962.11 ISK) |
+38.2 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
931.18 SEK (11,960.45 ISK) |
1,637.03 SEK (21,026.67 ISK) |
+75.8 % |
| 1 Pair of Men Leather Business Shoes |
1,313.21 SEK (16,867.34 ISK) |
1,875.45 SEK (24,089.05 ISK) |
+42.8 % |
Rent Per Month | Sweden Edit |
Iceland Edit | |
| Apartment (1 bedroom) in City Centre |
10,317.33 SEK (132,519.85 ISK) |
18,895.29 SEK (242,698.66 ISK) |
+83.1 % |
| Apartment (1 bedroom) Outside of Centre |
7,299.30 SEK (93,755.08 ISK) |
16,822.31 SEK (216,072.51 ISK) |
+130.5 % |
| Apartment (3 bedrooms) in City Centre |
15,621.76 SEK (200,652.07 ISK) |
26,554.24 SEK (341,073.17 ISK) |
+70.0 % |
| Apartment (3 bedrooms) Outside of Centre |
11,885.12 SEK (152,657.21 ISK) |
24,050.87 SEK (308,918.92 ISK) |
+102.4 % |
Buy Apartment Price | Sweden Edit |
Iceland Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
5,329.23 SEK (68,450.81 ISK) |
5,759.20 SEK (73,973.43 ISK) |
+8.1 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
3,260.20 SEK (41,875.25 ISK) |
4,674.62 SEK (60,042.69 ISK) |
+43.4 % |
Salaries And Financing | Sweden Edit |
Iceland Edit | |
| Average Monthly Net Salary (After Tax) |
29,772.16 SEK (382,405.43 ISK) |
45,449.10 SEK (583,766.37 ISK) |
+52.7 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 4.73 | 7.37 | +55.8 % |
| Last update: | May 2024 | April 2024 | |
| Contributors in the past 12 months: | 850 | 199 |
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