Cost of Living Comparison Between Switzerland and Iceland 
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| Indices Difference |  |
|---|---|
| Cost of Living in Iceland is 13.9% lower than in Switzerland (excluding rent) | |
| Cost of Living Including Rent in Iceland is 11.3% lower than in Switzerland | |
| Rent Prices in Iceland are 4.0% lower than in Switzerland | |
| Restaurant Prices in Iceland are 3.1% lower than in Switzerland | |
| Groceries Prices in Iceland are 10.7% lower than in Switzerland | |
| Local Purchasing Power in Iceland is 31.2% lower than in Switzerland | |
Restaurants | Switzerland Edit |
Iceland Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
25.00 Fr. (3,870.27 kr) |
20.51 Fr. (3,175.00 kr) |
-18.0 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
110.00 Fr. (17,029.17 kr) |
116.27 Fr. (18,000.00 kr) |
+5.7 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
15.00 Fr. (2,322.16 kr) |
16.15 Fr. (2,500.00 kr) |
+7.7 % |
| Domestic Beer (1 pint draught) |
7.00 Fr. (1,083.67 kr) |
9.69 Fr. (1,500.00 kr) |
+38.4 % |
| Imported Beer (12 oz small bottle) |
6.00 Fr. (928.86 kr) |
8.40 Fr. (1,300.00 kr) |
+40.0 % |
| Cappuccino (regular) |
4.94 Fr. (764.14 kr) |
4.85 Fr. (750.13 kr) |
-1.8 % |
| Coke/Pepsi (12 oz small bottle) |
4.41 Fr. (683.48 kr) |
2.60 Fr. (402.88 kr) |
-41.1 % |
| Water (12 oz small bottle) |
3.96 Fr. (613.75 kr) |
2.12 Fr. (327.62 kr) |
-46.6 % |
Markets | Switzerland Edit |
Iceland Edit | |
| Milk (regular), (1 gallon) |
6.75 Fr. (1,044.46 kr) |
5.76 Fr. (891.09 kr) |
-14.7 % |
| Loaf of Fresh White Bread (1 lb) |
2.79 Fr. (432.09 kr) |
3.00 Fr. (464.12 kr) |
+7.4 % |
| Rice (white), (1 lb) |
1.57 Fr. (243.54 kr) |
1.27 Fr. (196.62 kr) |
-19.3 % |
| Eggs (regular) (12) |
6.01 Fr. (931.10 kr) |
5.19 Fr. (803.95 kr) |
-13.7 % |
| Local Cheese (1 lb) |
10.38 Fr. (1,607.67 kr) |
6.78 Fr. (1,050.28 kr) |
-34.7 % |
| Chicken Fillets (1 lb) |
12.29 Fr. (1,903.07 kr) |
8.79 Fr. (1,360.57 kr) |
-28.5 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
18.00 Fr. (2,787.31 kr) |
15.60 Fr. (2,415.14 kr) |
-13.4 % |
| Apples (1 lb) |
1.34 Fr. (208.02 kr) |
1.13 Fr. (174.26 kr) |
-16.2 % |
| Banana (1 lb) |
0.90 Fr. (138.75 kr) |
0.90 Fr. (139.01 kr) |
+0.2 % |
| Oranges (1 lb) |
1.11 Fr. (171.62 kr) |
1.06 Fr. (163.94 kr) |
-4.5 % |
| Tomato (1 lb) |
2.33 Fr. (360.80 kr) |
1.79 Fr. (276.66 kr) |
-23.3 % |
| Potato (1 lb) |
0.94 Fr. (145.28 kr) |
1.31 Fr. (202.90 kr) |
+39.7 % |
| Onion (1 lb) |
0.87 Fr. (135.24 kr) |
0.81 Fr. (126.10 kr) |
-6.8 % |
| Lettuce (1 head) |
2.10 Fr. (324.68 kr) |
2.55 Fr. (394.21 kr) |
+21.4 % |
| Water (1.5 liter bottle) |
1.11 Fr. (171.84 kr) |
1.80 Fr. (278.99 kr) |
+62.4 % |
| Bottle of Wine (Mid-Range) |
12.00 Fr. (1,857.73 kr) |
19.06 Fr. (2,950.00 kr) |
+58.8 % |
| Domestic Beer (0.5 liter bottle) |
2.09 Fr. (323.72 kr) |
2.96 Fr. (458.18 kr) |
+41.5 % |
| Imported Beer (12 oz small bottle) |
2.48 Fr. (384.21 kr) |
2.52 Fr. (389.57 kr) |
+1.4 % |
| Cigarettes 20 Pack (Marlboro) |
9.00 Fr. (1,393.30 kr) |
11.43 Fr. (1,769.50 kr) |
+27.0 % |
Transportation | Switzerland Edit |
Iceland Edit | |
| One-way Ticket (Local Transport) |
3.50 Fr. (541.84 kr) |
4.13 Fr. (640.00 kr) |
+18.1 % |
| Monthly Pass (Regular Price) |
80.00 Fr. (12,384.85 kr) |
67.50 Fr. (10,450.00 kr) |
-15.6 % |
| Taxi Start (Normal Tariff) |
6.50 Fr. (1,006.27 kr) |
5.10 Fr. (790.00 kr) |
-21.5 % |
| Taxi 1 mile (Normal Tariff) |
6.20 Fr. (959.20 kr) |
3.37 Fr. (521.43 kr) |
-45.6 % |
| Taxi 1hour Waiting (Normal Tariff) |
70.00 Fr. (10,836.74 kr) |
69.18 Fr. (10,710.00 kr) |
-1.2 % |
| Gasoline (1 gallon) |
6.85 Fr. (1,059.97 kr) |
7.62 Fr. (1,179.65 kr) |
+11.3 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
32,800.00 Fr. (5,077,788.90 kr) |
38,046.48 Fr. (5,890,000.00 kr) |
+16.0 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
33,818.32 Fr. (5,235,436.36 kr) |
43,063.36 Fr. (6,666,666.67 kr) |
+27.3 % |
Utilities (Monthly) | Switzerland Edit |
Iceland Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
215.15 Fr. (33,306.98 kr) |
72.24 Fr. (11,183.22 kr) |
-66.4 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
42.55 Fr. (6,587.24 kr) |
22.16 Fr. (3,430.36 kr) |
-47.9 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
48.56 Fr. (7,516.89 kr) |
69.66 Fr. (10,783.47 kr) |
+43.5 % |
Sports And Leisure | Switzerland Edit |
Iceland Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
71.36 Fr. (11,047.77 kr) |
64.29 Fr. (9,953.18 kr) |
-9.9 % |
| Tennis Court Rent (1 Hour on Weekend) |
38.04 Fr. (5,888.47 kr) |
30.14 Fr. (4,666.67 kr) |
-20.7 % |
| Cinema, International Release, 1 Seat |
20.00 Fr. (3,096.21 kr) |
14.15 Fr. (2,190.00 kr) |
-29.3 % |
Childcare | Switzerland Edit |
Iceland Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
2,447.85 Fr. (378,953.59 kr) |
281.83 Fr. (43,630.30 kr) |
-88.5 % |
| International Primary School, Yearly for 1 Child |
27,729.79 Fr. (4,292,866.71 kr) |
24,186.29 Fr. (3,744,295.00 kr) |
-12.8 % |
Clothing And Shoes | Switzerland Edit |
Iceland Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
106.70 Fr. (16,517.93 kr) |
111.25 Fr. (17,222.35 kr) |
+4.3 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
52.43 Fr. (8,116.22 kr) |
51.13 Fr. (7,915.00 kr) |
-2.5 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
121.04 Fr. (18,738.00 kr) |
140.28 Fr. (21,716.67 kr) |
+15.9 % |
| 1 Pair of Men Leather Business Shoes |
152.04 Fr. (23,538.03 kr) |
204.00 Fr. (31,581.25 kr) |
+34.2 % |
Rent Per Month | Switzerland Edit |
Iceland Edit | |
| Apartment (1 bedroom) in City Centre |
1,657.75 Fr. (256,636.95 kr) |
1,776.36 Fr. (275,000.00 kr) |
+7.2 % |
| Apartment (1 bedroom) Outside of Centre |
1,368.07 Fr. (211,791.61 kr) |
1,604.11 Fr. (248,333.33 kr) |
+17.3 % |
| Apartment (3 bedrooms) in City Centre |
2,974.86 Fr. (460,539.45 kr) |
2,544.80 Fr. (393,961.54 kr) |
-14.5 % |
| Apartment (3 bedrooms) Outside of Centre |
2,441.93 Fr. (378,037.45 kr) |
2,183.79 Fr. (338,074.07 kr) |
-10.6 % |
Buy Apartment Price | Switzerland Edit |
Iceland Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
1,296.30 Fr. (200,680.98 kr) |
557.91 Fr. (86,370.14 kr) |
-57.0 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
1,040.13 Fr. (161,022.71 kr) |
473.56 Fr. (73,312.85 kr) |
-54.5 % |
Salaries And Financing | Switzerland Edit |
Iceland Edit | |
| Average Monthly Net Salary (After Tax) |
5,968.68 Fr. (924,014.70 kr) |
3,642.99 Fr. (563,973.03 kr) |
-39.0 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 2.44 | 9.90 | +305.9 % |
| Last update: | 23 May 2025 | 21 May 2025 | |
| Contributors in the past 12 months: | 879 | 152 |
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