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 18.0% higher than in United States (without rent)
Cost of Living Including Rent in Iceland is 9.4% higher than in United States
Rent Prices in Iceland are 6.4% lower than in United States
Restaurant Prices in Iceland are 28.5% higher than in United States
Groceries Prices in Iceland are 18.7% higher than in United States
Local Purchasing Power in Iceland is 15.1% 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 $
(2,764.80 kr)
21.70 $
(3,000.00 kr)
     +8.5 %
Meal for 2 People, Mid-range Restaurant, Three-course 75.00 $
(10,368.00 kr)
115.74 $
(16,000.00 kr)
     +54.3 %
McMeal at McDonalds (or Equivalent Combo Meal) 11.00 $
(1,520.64 kr)
16.63 $
(2,299.50 kr)
     +51.2 %
Domestic Beer (1 pint draught) 6.00 $
(829.44 kr)
10.18 $
(1,407.10 kr)
     +69.6 %
Imported Beer (12 oz small bottle) 7.00 $
(967.68 kr)
8.68 $
(1,200.00 kr)
     +24.0 %
Cappuccino (regular) 5.10 $
(705.36 kr)
4.90 $
(677.62 kr)
     -3.9 %
Coke/Pepsi (12 oz small bottle) 2.49 $
(343.61 kr)
2.86 $
(395.44 kr)
     +15.1 %
Water (12 oz small bottle) 2.05 $
(283.54 kr)
2.14 $
(295.24 kr)
     +4.1 %
Markets
United States Edit Iceland Edit
Milk (regular), (1 gallon) 4.00 $
(553.10 kr)
6.16 $
(851.36 kr)
     +53.9 %
Loaf of Fresh White Bread (1 lb) 3.24 $
(447.50 kr)
3.15 $
(436.03 kr)
     -2.6 %
Rice (white), (1 lb) 2.06 $
(285.37 kr)
1.45 $
(200.63 kr)
     -29.7 %
Eggs (regular) (12) 3.70 $
(511.72 kr)
5.78 $
(799.42 kr)
     +56.2 %
Local Cheese (1 lb) 5.82 $
(804.29 kr)
6.67 $
(922.17 kr)
     +14.7 %
Chicken Fillets (1 lb) 5.49 $
(758.99 kr)
8.49 $
(1,174.00 kr)
     +54.7 %
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 7.27 $
(1,004.48 kr)
14.07 $
(1,944.92 kr)
     +93.6 %
Apples (1 lb) 2.40 $
(331.99 kr)
1.42 $
(196.95 kr)
     -40.7 %
Banana (1 lb) 0.76 $
(105.45 kr)
1.01 $
(139.06 kr)
     +31.9 %
Oranges (1 lb) 2.04 $
(281.62 kr)
1.24 $
(171.13 kr)
     -39.2 %
Tomato (1 lb) 2.22 $
(306.71 kr)
2.12 $
(292.63 kr)
     -4.6 %
Potato (1 lb) 1.36 $
(188.01 kr)
1.39 $
(192.70 kr)
     +2.5 %
Onion (1 lb) 1.38 $
(190.56 kr)
0.87 $
(120.28 kr)
     -36.9 %
Lettuce (1 head) 2.16 $
(298.66 kr)
3.14 $
(434.00 kr)
     +45.3 %
Water (1.5 liter bottle) 2.19 $
(302.32 kr)
2.12 $
(293.45 kr)
     -2.9 %
Bottle of Wine (Mid-Range) 15.00 $
(2,073.60 kr)
19.89 $
(2,750.00 kr)
     +32.6 %
Domestic Beer (0.5 liter bottle) 1.78 $
(246.03 kr)
3.18 $
(439.70 kr)
     +78.7 %
Imported Beer (12 oz small bottle) 3.56 $
(492.76 kr)
2.67 $
(369.58 kr)
     -25.0 %
Cigarettes 20 Pack (Marlboro) 10.00 $
(1,382.40 kr)
11.94 $
(1,650.00 kr)
     +19.4 %
Transportation
United States Edit Iceland Edit
One-way Ticket (Local Transport) 2.50 $
(345.60 kr)
4.12 $
(570.00 kr)
     +64.9 %
Monthly Pass (Regular Price) 72.00 $
(9,953.28 kr)
67.27 $
(9,300.00 kr)
     -6.6 %
Taxi Start (Normal Tariff) 3.75 $
(518.40 kr)
5.28 $
(730.00 kr)
     +40.8 %
Taxi 1 mile (Normal Tariff) 2.78 $
(383.75 kr)
3.53 $
(487.63 kr)
     +27.1 %
Taxi 1hour Waiting (Normal Tariff) 30.00 $
(4,147.20 kr)
67.71 $
(9,360.00 kr)
     +125.7 %
Gasoline (1 gallon) 3.65 $
(505.20 kr)
8.51 $
(1,176.84 kr)
     +132.9 %
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 33,354.00 $
(4,610,856.96 kr)
38,266.78 $
(5,290,000.00 kr)
     +14.7 %
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) 26,077.85 $
(3,605,002.66 kr)
41,774.57 $
(5,774,916.67 kr)
     +60.2 %
Utilities (Monthly)
United States Edit Iceland Edit
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment 203.22 $
(28,093.32 kr)
106.65 $
(14,742.85 kr)
     -47.5 %
Mobile Phone Monthly Plan with Calls and 10GB+ Data 52.57 $
(7,267.28 kr)
24.02 $
(3,320.53 kr)
     -54.3 %
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 70.66 $
(9,768.34 kr)
71.30 $
(9,856.74 kr)
     +0.9 %
Sports And Leisure
United States Edit Iceland Edit
Fitness Club, Monthly Fee for 1 Adult 47.09 $
(6,509.05 kr)
64.13 $
(8,865.14 kr)
     +36.2 %
Tennis Court Rent (1 Hour on Weekend) 21.92 $
(3,030.20 kr)
30.73 $
(4,248.33 kr)
     +40.2 %
Cinema, International Release, 1 Seat 14.00 $
(1,935.36 kr)
14.47 $
(2,000.00 kr)
     +3.3 %
Childcare
United States Edit Iceland Edit
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child 1,374.15 $
(189,962.63 kr)
265.22 $
(36,663.56 kr)
     -80.7 %
International Primary School, Yearly for 1 Child 22,768.02 $
(3,147,450.82 kr)
5,615.23 $
(776,250.00 kr)
     -75.3 %
Clothing And Shoes
United States Edit Iceland Edit
1 Pair of Jeans (Levis 501 Or Similar) 52.03 $
(7,193.04 kr)
116.19 $
(16,062.32 kr)
     +123.3 %
1 Summer Dress in a Chain Store (Zara, H&M, ...) 42.49 $
(5,873.85 kr)
50.36 $
(6,962.11 kr)
     +18.5 %
1 Pair of Nike Running Shoes (Mid-Range) 88.45 $
(12,227.96 kr)
152.10 $
(21,026.67 kr)
     +72.0 %
1 Pair of Men Leather Business Shoes 113.89 $
(15,743.64 kr)
174.26 $
(24,089.05 kr)
     +53.0 %
Rent Per Month
United States Edit Iceland Edit
Apartment (1 bedroom) in City Centre 1,758.91 $
(243,151.62 kr)
1,755.31 $
(242,654.09 kr)
     -0.2 %
Apartment (1 bedroom) Outside of Centre 1,447.68 $
(200,127.49 kr)
1,562.93 $
(216,059.59 kr)
     +8.0 %
Apartment (3 bedrooms) in City Centre 2,958.05 $
(408,920.15 kr)
2,467.25 $
(341,073.17 kr)
     -16.6 %
Apartment (3 bedrooms) Outside of Centre 2,399.95 $
(331,769.55 kr)
2,234.66 $
(308,918.92 kr)
     -6.9 %
Buy Apartment Price
United States Edit Iceland Edit
Price per Square Feet to Buy Apartment in City Centre 318.52 $
(44,032.10 kr)
535.11 $
(73,973.43 kr)
     +68.0 %
Price per Square Feet to Buy Apartment Outside of Centre 256.16 $
(35,411.84 kr)
437.09 $
(60,423.89 kr)
     +70.6 %
Salaries And Financing
United States Edit Iceland Edit
Average Monthly Net Salary (After Tax) 4,545.50 $
(628,370.48 kr)
4,220.83 $
(583,487.80 kr)
     -7.1 %
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.57 7.37      +12.3 %
Last update: May 2024May 2024
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