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 38.4% higher than in United States (excluding rent)
Cost of Living Including Rent in Iceland is 30.4% higher than in United States
Rent Prices in Iceland are 14.2% higher than in United States
Restaurant Prices in Iceland are 47.0% higher than in United States
Groceries Prices in Iceland are 36.0% higher than in United States
Local Purchasing Power in Iceland is 22.8% lower than in United States
Currency: Sticky Currency      Switch to metric measurement units
Restaurants
 United States Edit Iceland Edit Difference
Meal, Inexpensive Restaurant 20.00 $
(2,592.80 kr)		 23.91 $
(3,100.00 kr)		      +19.6 %
Meal for 2 People, Mid-range Restaurant, Three-course 75.00 $
(9,723.00 kr)		 138.85 $
(18,000.00 kr)		      +85.1 %
McMeal at McDonalds (or Equivalent Combo Meal) 11.50 $
(1,490.86 kr)		 19.28 $
(2,500.00 kr)		      +67.7 %
Domestic Beer (1 pint draught) 6.00 $
(777.84 kr)		 11.57 $
(1,500.00 kr)		      +92.8 %
Imported Beer (12 oz small bottle) 7.00 $
(907.48 kr)		 10.01 $
(1,298.20 kr)		      +43.1 %
Cappuccino (regular) 5.24 $
(678.85 kr)		 5.76 $
(746.71 kr)		      +10.0 %
Coke/Pepsi (12 oz small bottle) 2.56 $
(332.12 kr)		 3.11 $
(403.36 kr)		      +21.5 %
Water (12 oz small bottle) 2.09 $
(270.83 kr)		 2.53 $
(328.10 kr)		      +21.1 %
Markets
 United States Edit Iceland Edit
Milk (regular), (1 gallon) 4.01 $
(519.23 kr)		 6.87 $
(891.09 kr)		      +71.6 %
Loaf of Fresh White Bread (1 lb) 3.29 $
(426.93 kr)		 3.45 $
(447.52 kr)		      +4.8 %
Rice (white), (1 lb) 2.09 $
(270.86 kr)		 1.51 $
(196.15 kr)		      -27.6 %
Eggs (regular) (12) 4.27 $
(554.07 kr)		 6.21 $
(805.03 kr)		      +45.3 %
Local Cheese (1 lb) 5.87 $
(760.61 kr)		 8.07 $
(1,046.48 kr)		      +37.6 %
Chicken Fillets (1 lb) 5.53 $
(716.84 kr)		 10.46 $
(1,356.62 kr)		      +89.2 %
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 7.39 $
(958.40 kr)		 18.81 $
(2,438.52 kr)		      +154.4 %
Apples (1 lb) 2.40 $
(310.59 kr)		 1.33 $
(172.50 kr)		      -44.5 %
Banana (1 lb) 0.76 $
(98.86 kr)		 1.07 $
(139.19 kr)		      +40.8 %
Oranges (1 lb) 2.04 $
(264.61 kr)		 1.25 $
(161.79 kr)		      -38.9 %
Tomato (1 lb) 2.23 $
(288.55 kr)		 2.08 $
(269.80 kr)		      -6.5 %
Potato (1 lb) 1.33 $
(172.64 kr)		 1.57 $
(204.09 kr)		      +18.2 %
Onion (1 lb) 1.39 $
(180.81 kr)		 0.99 $
(128.29 kr)		      -29.0 %
Lettuce (1 head) 2.20 $
(285.34 kr)		 3.03 $
(392.23 kr)		      +37.5 %
Water (1.5 liter bottle) 2.23 $
(289.00 kr)		 2.15 $
(279.36 kr)		      -3.3 %
Bottle of Wine (Mid-Range) 15.00 $
(1,944.60 kr)		 23.14 $
(3,000.00 kr)		      +54.3 %
Domestic Beer (0.5 liter bottle) 1.95 $
(253.39 kr)		 3.56 $
(461.81 kr)		      +82.3 %
Imported Beer (12 oz small bottle) 3.60 $
(466.30 kr)		 3.00 $
(388.92 kr)		      -16.6 %
Cigarettes 20 Pack (Marlboro) 10.00 $
(1,296.40 kr)		 13.50 $
(1,750.00 kr)		      +35.0 %
Transportation
 United States Edit Iceland Edit
One-way Ticket (Local Transport) 2.50 $
(324.10 kr)		 4.94 $
(640.00 kr)		      +97.5 %
Monthly Pass (Regular Price) 65.00 $
(8,426.60 kr)		 80.61 $
(10,450.00 kr)		      +24.0 %
Taxi Start (Normal Tariff) 3.75 $
(486.15 kr)		 6.09 $
(790.00 kr)		      +62.5 %
Taxi 1 mile (Normal Tariff) 2.80 $
(362.99 kr)		 4.02 $
(521.43 kr)		      +43.6 %
Taxi 1hour Waiting (Normal Tariff) 30.00 $
(3,889.20 kr)		 82.61 $
(10,710.00 kr)		      +175.4 %
Gasoline (1 gallon) 3.50 $
(453.98 kr)		 9.10 $
(1,179.65 kr)		      +159.8 %
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 30,000.00 $
(3,889,200.00 kr)		 45,433.51 $
(5,890,000.00 kr)		      +51.4 %
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) 25,967.72 $
(3,366,455.47 kr)		 51,424.46 $
(6,666,666.67 kr)		      +98.0 %
Utilities (Monthly)
 United States Edit Iceland Edit
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment 208.54 $
(27,035.26 kr)		 86.26 $
(11,183.22 kr)		      -58.6 %
Mobile Phone Monthly Plan with Calls and 10GB+ Data 57.25 $
(7,421.65 kr)		 26.46 $
(3,430.36 kr)		      -53.8 %
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 71.61 $
(9,283.02 kr)		 83.18 $
(10,783.47 kr)		      +16.2 %
Sports And Leisure
 United States Edit Iceland Edit
Fitness Club, Monthly Fee for 1 Adult 46.19 $
(5,987.45 kr)		 76.78 $
(9,953.18 kr)		      +66.2 %
Tennis Court Rent (1 Hour on Weekend) 21.93 $
(2,843.00 kr)		 36.00 $
(4,666.67 kr)		      +64.1 %
Cinema, International Release, 1 Seat 14.29 $
(1,852.56 kr)		 16.89 $
(2,190.00 kr)		      +18.2 %
Childcare
 United States Edit Iceland Edit
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child 1,371.69 $
(177,825.42 kr)		 336.55 $
(43,630.30 kr)		      -75.5 %
International Primary School, Yearly for 1 Child 22,564.26 $
(2,925,230.57 kr)		 28,882.25 $
(3,744,295.00 kr)		      +28.0 %
Clothing And Shoes
 United States Edit Iceland Edit
1 Pair of Jeans (Levis 501 Or Similar) 52.12 $
(6,756.26 kr)		 132.85 $
(17,222.35 kr)		      +154.9 %
1 Summer Dress in a Chain Store (Zara, H&M, ...) 42.51 $
(5,510.38 kr)		 61.05 $
(7,915.00 kr)		      +43.6 %
1 Pair of Nike Running Shoes (Mid-Range) 89.86 $
(11,649.33 kr)		 167.52 $
(21,716.67 kr)		      +86.4 %
1 Pair of Men Leather Business Shoes 113.44 $
(14,705.89 kr)		 243.61 $
(31,581.25 kr)		      +114.8 %
Rent Per Month
 United States Edit Iceland Edit
Apartment (1 bedroom) in City Centre 1,744.51 $
(226,158.51 kr)		 2,121.26 $
(275,000.00 kr)		      +21.6 %
Apartment (1 bedroom) Outside of Centre 1,438.24 $
(186,453.00 kr)		 1,915.56 $
(248,333.33 kr)		      +33.2 %
Apartment (3 bedrooms) in City Centre 2,896.61 $
(375,516.06 kr)		 3,038.89 $
(393,961.54 kr)		      +4.9 %
Apartment (3 bedrooms) Outside of Centre 2,402.90 $
(311,511.74 kr)		 2,607.79 $
(338,074.07 kr)		      +8.5 %
Buy Apartment Price
 United States Edit Iceland Edit
Price per Square Feet to Buy Apartment in City Centre 299.57 $
(38,836.67 kr)		 666.23 $
(86,370.14 kr)		      +122.4 %
Price per Square Feet to Buy Apartment Outside of Centre 251.93 $
(32,660.70 kr)		 565.51 $
(73,312.85 kr)		      +124.5 %
Salaries And Financing
 United States Edit Iceland Edit
Average Monthly Net Salary (After Tax) 4,326.84 $
(560,931.94 kr)		 4,351.93 $
(564,183.93 kr)		      +0.6 %
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.51 9.90      +52.1 %
Last update: May 2025May 2025
Contributors in the past 12 months:11074149
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