Cost of Living Comparison Between United States and Iceland Reverse

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Indices DifferenceInfo
Cost of Living in Iceland is 39.6% higher than in United States (excluding rent)
Cost of Living Including Rent in Iceland is 31.7% higher than in United States
Rent Prices in Iceland are 15.8% higher than in United States
Restaurant Prices in Iceland are 49.1% higher than in United States
Groceries Prices in Iceland are 36.7% higher than in United States
Local Purchasing Power in Iceland is 24.4% 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 $
(2,555.60 kr)		 24.85 $
(3,175.00 kr)		      +24.2 %
Meal for 2 People, Mid-range Restaurant, Three-course 75.00 $
(9,583.50 kr)		 136.95 $
(17,500.00 kr)		      +82.6 %
McMeal at McDonalds (or Equivalent Combo Meal) 11.21 $
(1,432.41 kr)		 19.56 $
(2,500.00 kr)		      +74.5 %
Domestic Beer (1 pint draught) 6.00 $
(766.68 kr)		 11.74 $
(1,500.00 kr)		      +95.6 %
Imported Beer (12 oz small bottle) 7.00 $
(894.46 kr)		 10.09 $
(1,288.90 kr)		      +44.1 %
Cappuccino (regular) 5.23 $
(668.21 kr)		 5.87 $
(749.48 kr)		      +12.2 %
Coke/Pepsi (12 oz small bottle) 2.56 $
(327.37 kr)		 3.20 $
(408.60 kr)		      +24.8 %
Water (12 oz small bottle) 2.09 $
(267.01 kr)		 2.56 $
(327.02 kr)		      +22.5 %
Markets
 United States Edit Iceland Edit
Milk (regular), (1 gallon) 4.00 $
(511.31 kr)		 6.97 $
(891.09 kr)		      +74.3 %
Loaf of Fresh White Bread (1 lb) 3.29 $
(420.55 kr)		 3.49 $
(445.61 kr)		      +6.0 %
Rice (white), (1 lb) 2.09 $
(267.17 kr)		 1.54 $
(197.27 kr)		      -26.2 %
Eggs (regular) (12) 4.23 $
(540.48 kr)		 6.40 $
(818.07 kr)		      +51.4 %
Local Cheese (1 lb) 5.86 $
(748.91 kr)		 8.06 $
(1,029.73 kr)		      +37.5 %
Chicken Fillets (1 lb) 5.52 $
(705.27 kr)		 10.57 $
(1,350.80 kr)		      +91.5 %
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 7.38 $
(943.25 kr)		 18.21 $
(2,326.81 kr)		      +146.7 %
Apples (1 lb) 2.39 $
(305.93 kr)		 1.37 $
(175.18 kr)		      -42.7 %
Banana (1 lb) 0.76 $
(97.15 kr)		 1.10 $
(139.94 kr)		      +44.0 %
Oranges (1 lb) 2.04 $
(260.76 kr)		 1.28 $
(163.99 kr)		      -37.1 %
Tomato (1 lb) 2.23 $
(284.85 kr)		 2.24 $
(286.79 kr)		      +0.7 %
Potato (1 lb) 1.33 $
(170.03 kr)		 1.59 $
(203.14 kr)		      +19.5 %
Onion (1 lb) 1.40 $
(178.50 kr)		 0.99 $
(126.15 kr)		      -29.3 %
Lettuce (1 head) 2.20 $
(281.60 kr)		 3.15 $
(402.25 kr)		      +42.8 %
Water (1.5 liter bottle) 2.23 $
(284.61 kr)		 2.19 $
(280.35 kr)		      -1.5 %
Bottle of Wine (Mid-Range) 15.00 $
(1,916.70 kr)		 23.48 $
(3,000.00 kr)		      +56.5 %
Domestic Beer (0.5 liter bottle) 1.95 $
(249.11 kr)		 3.62 $
(462.58 kr)		      +85.7 %
Imported Beer (12 oz small bottle) 3.59 $
(458.83 kr)		 3.04 $
(389.06 kr)		      -15.2 %
Cigarettes 20 Pack (Marlboro) 10.00 $
(1,277.80 kr)		 13.50 $
(1,725.00 kr)		      +35.0 %
Transportation
 United States Edit Iceland Edit
One-way Ticket (Local Transport) 2.50 $
(319.45 kr)		 5.01 $
(640.00 kr)		      +100.3 %
Monthly Pass (Regular Price) 65.00 $
(8,305.70 kr)		 81.39 $
(10,400.00 kr)		      +25.2 %
Taxi Start (Normal Tariff) 3.75 $
(479.18 kr)		 6.18 $
(790.00 kr)		      +64.9 %
Taxi 1 mile (Normal Tariff) 2.80 $
(357.78 kr)		 4.08 $
(521.43 kr)		      +45.7 %
Taxi 1hour Waiting (Normal Tariff) 30.00 $
(3,833.40 kr)		 83.11 $
(10,620.00 kr)		      +177.0 %
Gasoline (1 gallon) 3.51 $
(448.07 kr)		 9.25 $
(1,182.00 kr)		      +163.8 %
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 30,000.00 $
(3,833,400.00 kr)		 46,094.85 $
(5,890,000.00 kr)		      +53.6 %
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) 25,963.26 $
(3,317,584.79 kr)		 52,173.01 $
(6,666,666.67 kr)		      +100.9 %
Utilities (Monthly)
 United States Edit Iceland Edit
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment 208.08 $
(26,588.14 kr)		 85.50 $
(10,924.64 kr)		      -58.9 %
Mobile Phone Monthly Plan with Calls and 10GB+ Data 57.23 $
(7,312.76 kr)		 26.85 $
(3,430.36 kr)		      -53.1 %
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 71.49 $
(9,134.49 kr)		 80.36 $
(10,268.25 kr)		      +12.4 %
Sports And Leisure
 United States Edit Iceland Edit
Fitness Club, Monthly Fee for 1 Adult 46.50 $
(5,942.33 kr)		 78.90 $
(10,082.08 kr)		      +69.7 %
Tennis Court Rent (1 Hour on Weekend) 21.91 $
(2,799.44 kr)		 37.69 $
(4,816.67 kr)		      +72.1 %
Cinema, International Release, 1 Seat 14.36 $
(1,835.56 kr)		 17.14 $
(2,190.00 kr)		      +19.3 %
Childcare
 United States Edit Iceland Edit
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child 1,376.64 $
(175,906.46 kr)		 332.41 $
(42,475.25 kr)		      -75.9 %
International Primary School, Yearly for 1 Child 22,604.54 $
(2,888,408.74 kr)		 29,302.67 $
(3,744,295.00 kr)		      +29.6 %
Clothing And Shoes
 United States Edit Iceland Edit
1 Pair of Jeans (Levis 501 Or Similar) 52.12 $
(6,659.82 kr)		 135.83 $
(17,356.84 kr)		      +160.6 %
1 Summer Dress in a Chain Store (Zara, H&M, ...) 42.57 $
(5,439.23 kr)		 58.20 $
(7,436.25 kr)		      +36.7 %
1 Pair of Nike Running Shoes (Mid-Range) 89.62 $
(11,451.46 kr)		 168.78 $
(21,566.67 kr)		      +88.3 %
1 Pair of Men Leather Business Shoes 113.17 $
(14,460.95 kr)		 232.32 $
(29,685.94 kr)		      +105.3 %
Rent Per Month
 United States Edit Iceland Edit
Apartment (1 bedroom) in City Centre 1,742.99 $
(222,719.73 kr)		 2,152.14 $
(275,000.00 kr)		      +23.5 %
Apartment (1 bedroom) Outside of Centre 1,438.85 $
(183,856.26 kr)		 1,956.49 $
(250,000.00 kr)		      +36.0 %
Apartment (3 bedrooms) in City Centre 2,906.75 $
(371,424.56 kr)		 3,083.12 $
(393,961.54 kr)		      +6.1 %
Apartment (3 bedrooms) Outside of Centre 2,407.22 $
(307,594.22 kr)		 2,645.75 $
(338,074.07 kr)		      +9.9 %
Buy Apartment Price
 United States Edit Iceland Edit
Price per Square Feet to Buy Apartment in City Centre 302.72 $
(38,681.95 kr)		 670.04 $
(85,617.11 kr)		      +121.3 %
Price per Square Feet to Buy Apartment Outside of Centre 251.97 $
(32,197.05 kr)		 570.50 $
(72,898.79 kr)		      +126.4 %
Salaries And Financing
 United States Edit Iceland Edit
Average Monthly Net Salary (After Tax) 4,336.64 $
(554,135.29 kr)		 4,316.09 $
(551,509.82 kr)		      -0.5 %
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.51 9.76      +49.9 %
Last update: April 2025April 2025
Contributors in the past 12 months:10759145
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