Cost of Living Comparison Between United States and Iceland Reverse

For major cities in those countries you get more relevant data by specifying cities.
City in United States:
City in Iceland:
Indices DifferenceInfo
Cost of Living in Iceland is 41.0% higher than in United States (excluding rent)
Cost of Living Including Rent in Iceland is 35.2% higher than in United States
Rent Prices in Iceland are 22.8% higher than in United States
Restaurant Prices in Iceland are 43.8% higher than in United States
Groceries Prices in Iceland are 41.9% higher than in United States
Local Purchasing Power in Iceland is 22.0% lower than in United States
Currency: Sticky Currency      Switch to metric measurement units
Restaurants
 United States Edit Iceland Edit Difference
Meal at an Inexpensive Restaurant 20.00 $
(2,517.80 kr)		 25.41 $
(3,198.62 kr)		      +27.0 %
Meal for Two at a Mid-Range Restaurant (Three Courses, Without Drinks) 75.00 $
(9,441.75 kr)		 119.15 $
(15,000.00 kr)		      +58.9 %
Combo Meal at McDonald's (or Equivalent Fast-Food Meal) 12.00 $
(1,510.68 kr)		 22.24 $
(2,800.00 kr)		      +85.3 %
Domestic Draft Beer (1 Pint) 6.00 $
(755.34 kr)		 11.92 $
(1,500.00 kr)		      +98.6 %
Imported Beer (12 oz Small Bottle) 7.50 $
(944.17 kr)		 10.33 $
(1,300.00 kr)		      +37.7 %
Cappuccino (Regular Size) 5.34 $
(672.05 kr)		 5.75 $
(723.72 kr)		      +7.7 %
Soft Drink (Coca-Cola or Pepsi, 12 oz Small Bottle) 2.63 $
(330.78 kr)		 3.05 $
(383.55 kr)		      +16.0 %
Bottled Water (12 oz) 2.12 $
(266.69 kr)		 2.69 $
(338.35 kr)		      +26.9 %
Markets
 United States Edit Iceland Edit
Milk (Regular, 1 Liter) 1.06 $
(133.90 kr)		 1.90 $
(239.08 kr)		      +78.5 %
Fresh White Bread (1 lb Loaf) 3.32 $
(417.90 kr)		 3.64 $
(458.51 kr)		      +9.7 %
White Rice (1 lb) 2.09 $
(263.00 kr)		 1.52 $
(191.02 kr)		      -27.4 %
Eggs (12, Large Size) 4.41 $
(555.52 kr)		 6.61 $
(832.05 kr)		      +49.8 %
Local Cheese (1 lb) 5.90 $
(742.61 kr)		 8.76 $
(1,102.21 kr)		      +48.4 %
Chicken Fillets (1 lb) 5.56 $
(700.24 kr)		 11.15 $
(1,404.01 kr)		      +100.5 %
Beef Round or Equivalent Back Leg Red Meat (1 lb) 7.55 $
(950.46 kr)		 19.71 $
(2,481.04 kr)		      +161.0 %
Apples (1 lb) 2.37 $
(298.45 kr)		 1.48 $
(186.40 kr)		      -37.5 %
Bananas (1 lb) 0.76 $
(96.15 kr)		 1.14 $
(143.97 kr)		      +49.7 %
Oranges (1 lb) 2.01 $
(253.37 kr)		 1.40 $
(176.48 kr)		      -30.3 %
Tomatoes (1 lb) 2.22 $
(279.41 kr)		 2.36 $
(296.55 kr)		      +6.1 %
Potatoes (1 lb) 1.32 $
(165.73 kr)		 1.53 $
(192.21 kr)		      +16.0 %
Onions (1 lb) 1.39 $
(174.96 kr)		 0.90 $
(113.35 kr)		      -35.2 %
Lettuce (1 Head) 2.22 $
(279.71 kr)		 2.94 $
(370.08 kr)		      +32.3 %
Bottled Water (50 oz) 2.26 $
(284.56 kr)		 2.12 $
(266.75 kr)		      -6.3 %
Bottle of Wine (Mid-Range) 15.00 $
(1,888.35 kr)		 23.43 $
(2,950.00 kr)		      +56.2 %
Domestic Beer (16.9 oz Bottle) 2.04 $
(256.51 kr)		 3.78 $
(475.79 kr)		      +85.5 %
Imported Beer (12 oz Small Bottle) 3.63 $
(457.37 kr)		 3.28 $
(412.83 kr)		      -9.7 %
Cigarettes (Pack of 20, Marlboro) 10.40 $
(1,309.26 kr)		 13.70 $
(1,725.00 kr)		      +31.8 %
Transportation
 United States Edit Iceland Edit
One-Way Ticket (Local Transport) 2.50 $
(314.72 kr)		 5.16 $
(650.00 kr)		      +106.5 %
Monthly Public Transport Pass (Regular Price) 65.00 $
(8,182.85 kr)		 85.79 $
(10,800.00 kr)		      +32.0 %
Taxi Start (Standard Tariff) 3.50 $
(440.62 kr)		 6.43 $
(810.00 kr)		      +83.8 %
Taxi 1 mile (Standard Tariff) 2.82 $
(354.55 kr)		 4.41 $
(555.22 kr)		      +56.6 %
Taxi 1 Hour Waiting (Standard Tariff) 30.00 $
(3,776.70 kr)		 71.49 $
(9,000.00 kr)		      +138.3 %
Gasoline (1 Liter) 0.89 $
(111.69 kr)		 2.47 $
(310.43 kr)		      +177.9 %
Volkswagen Golf 1.5 (or Equivalent New Compact Car) 35,699.74 $
(4,494,240.27 kr)		 49,169.91 $
(6,190,000.00 kr)		      +37.7 %
Toyota Corolla Sedan 1.6 (or Equivalent New Mid-Size Car) 25,880.27 $
(3,258,067.28 kr)		 52,019.62 $
(6,548,750.00 kr)		      +101.0 %
Utilities (Monthly)
 United States Edit Iceland Edit
Basic Utilities for 915 Square Feet Apartment (Electricity, Heating, Cooling, Water, Garbage) 211.43 $
(26,616.45 kr)		 85.56 $
(10,771.59 kr)		      -59.5 %
Mobile Phone Plan (Monthly, with Calls and 10GB+ Data) 61.06 $
(7,686.63 kr)		 29.31 $
(3,689.44 kr)		      -52.0 %
Broadband Internet (Unlimited Data, 60 Mbps or Higher) 72.69 $
(9,150.98 kr)		 86.67 $
(10,910.53 kr)		      +19.2 %
Sports And Leisure
 United States Edit Iceland Edit
Monthly Fitness Club Membership 45.45 $
(5,721.73 kr)		 85.18 $
(10,722.88 kr)		      +87.4 %
Tennis Court Rental (1 Hour, Weekend) 23.09 $
(2,907.18 kr)		 49.07 $
(6,177.08 kr)		      +112.5 %
Cinema Ticket (International Release) 15.00 $
(1,888.35 kr)		 17.87 $
(2,250.00 kr)		      +19.2 %
Childcare
 United States Edit Iceland Edit
Private Full-Day Preschool or Kindergarten, Monthly Fee per Child 1,466.83 $
(184,659.25 kr)		 602.23 $
(75,814.50 kr)		      -58.9 %
International Primary School, Annual Tuition per Child 25,413.75 $
(3,199,336.94 kr)		 29,742.59 $
(3,744,295.00 kr)		      +17.0 %
Clothing And Shoes
 United States Edit Iceland Edit
Jeans (Levi's 501 or Similar) 52.54 $
(6,614.55 kr)		 137.37 $
(17,292.94 kr)		      +161.4 %
Summer Dress in a Chain Store (e.g. Zara or H&M) 42.88 $
(5,398.47 kr)		 56.39 $
(7,098.57 kr)		      +31.5 %
Nike Running Shoes (Mid-Range) 91.10 $
(11,469.02 kr)		 162.61 $
(20,470.59 kr)		      +78.5 %
Men's Leather Business Shoes 114.34 $
(14,394.58 kr)		 219.97 $
(27,692.31 kr)		      +92.4 %
Rent Per Month
 United States Edit Iceland Edit
1 Bedroom Apartment in City Centre 1,709.45 $
(215,202.71 kr)		 2,282.82 $
(287,384.62 kr)		      +33.5 %
1 Bedroom Apartment Outside of City Centre 1,390.03 $
(174,990.90 kr)		 1,932.56 $
(243,290.19 kr)		      +39.0 %
3 Bedroom Apartment in City Centre 2,775.04 $
(349,350.24 kr)		 3,184.60 $
(400,909.09 kr)		      +14.8 %
3 Bedroom Apartment Outside of City Centre 2,289.06 $
(288,169.84 kr)		 2,623.98 $
(330,333.33 kr)		      +14.6 %
Buy Apartment Price
 United States Edit Iceland Edit
Price per Square Feet to Buy Apartment in City Centre 309.10 $
(38,912.17 kr)		 679.93 $
(85,596.45 kr)		      +120.0 %
Price per Square Feet to Buy Apartment Outside of Centre 246.20 $
(30,993.87 kr)		 570.79 $
(71,856.22 kr)		      +131.8 %
Salaries And Financing
 United States Edit Iceland Edit
Average Monthly Net Salary (After Tax) 4,254.57 $
(535,608.04 kr)		 4,489.83 $
(565,224.72 kr)		      +5.5 %
Annual Mortgage Interest Rate (20-Year Fixed, in %) 6.34 8.97      +41.5 %
Last update: 14 January 202612 January 2026
Contributors in the past 12 months:628070
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