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 39.2% higher than in United States (excluding rent)
Cost of Living Including Rent in Iceland is 31.2% higher than in United States
Rent Prices in Iceland are 15.0% higher than in United States
Restaurant Prices in Iceland are 47.8% higher than in United States
Groceries Prices in Iceland are 36.8% higher than in United States
Local Purchasing Power in Iceland is 22.9% 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 $
(2,577.80 kr)		 24.05 $
(3,100.00 kr)		      +20.3 %
Meal for 2 People, Mid-range Restaurant, Three-course 75.00 $
(9,666.75 kr)		 139.65 $
(18,000.00 kr)		      +86.2 %
McMeal at McDonalds (or Equivalent Combo Meal) 11.50 $
(1,482.23 kr)		 19.40 $
(2,500.00 kr)		      +68.7 %
Domestic Beer (1 pint draught) 6.00 $
(773.34 kr)		 11.64 $
(1,500.00 kr)		      +94.0 %
Imported Beer (12 oz small bottle) 7.00 $
(902.23 kr)		 10.04 $
(1,294.45 kr)		      +43.5 %
Cappuccino (regular) 5.23 $
(674.62 kr)		 5.79 $
(746.48 kr)		      +10.7 %
Coke/Pepsi (12 oz small bottle) 2.56 $
(330.34 kr)		 3.13 $
(403.15 kr)		      +22.0 %
Water (12 oz small bottle) 2.09 $
(269.51 kr)		 2.54 $
(327.89 kr)		      +21.7 %
Markets
 United States Edit Iceland Edit
Milk (regular), (1 gallon) 4.00 $
(515.92 kr)		 6.91 $
(891.09 kr)		      +72.7 %
Loaf of Fresh White Bread (1 lb) 3.29 $
(424.08 kr)		 3.47 $
(447.52 kr)		      +5.5 %
Rice (white), (1 lb) 2.09 $
(269.72 kr)		 1.52 $
(196.15 kr)		      -27.3 %
Eggs (regular) (12) 4.25 $
(547.86 kr)		 6.25 $
(805.03 kr)		      +46.9 %
Local Cheese (1 lb) 5.86 $
(755.69 kr)		 8.12 $
(1,046.48 kr)		      +38.5 %
Chicken Fillets (1 lb) 5.53 $
(712.14 kr)		 10.53 $
(1,356.62 kr)		      +90.5 %
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 7.39 $
(952.28 kr)		 18.92 $
(2,438.52 kr)		      +156.1 %
Apples (1 lb) 2.40 $
(308.77 kr)		 1.34 $
(172.50 kr)		      -44.1 %
Banana (1 lb) 0.76 $
(98.25 kr)		 1.08 $
(139.19 kr)		      +41.7 %
Oranges (1 lb) 2.04 $
(263.26 kr)		 1.26 $
(161.79 kr)		      -38.5 %
Tomato (1 lb) 2.23 $
(286.98 kr)		 2.09 $
(269.80 kr)		      -6.0 %
Potato (1 lb) 1.33 $
(171.73 kr)		 1.58 $
(204.09 kr)		      +18.8 %
Onion (1 lb) 1.40 $
(180.00 kr)		 0.99 $
(128.23 kr)		      -28.8 %
Lettuce (1 head) 2.20 $
(283.72 kr)		 3.04 $
(392.23 kr)		      +38.2 %
Water (1.5 liter bottle) 2.23 $
(287.34 kr)		 2.17 $
(279.23 kr)		      -2.8 %
Bottle of Wine (Mid-Range) 15.00 $
(1,933.35 kr)		 23.28 $
(3,000.00 kr)		      +55.2 %
Domestic Beer (0.5 liter bottle) 1.95 $
(251.42 kr)		 3.58 $
(461.81 kr)		      +83.7 %
Imported Beer (12 oz small bottle) 3.60 $
(463.88 kr)		 3.02 $
(388.92 kr)		      -16.2 %
Cigarettes 20 Pack (Marlboro) 10.00 $
(1,288.90 kr)		 13.58 $
(1,750.00 kr)		      +35.8 %
Transportation
 United States Edit Iceland Edit
One-way Ticket (Local Transport) 2.50 $
(322.22 kr)		 4.97 $
(640.00 kr)		      +98.6 %
Monthly Pass (Regular Price) 65.00 $
(8,377.85 kr)		 81.08 $
(10,450.00 kr)		      +24.7 %
Taxi Start (Normal Tariff) 3.75 $
(483.34 kr)		 6.13 $
(790.00 kr)		      +63.4 %
Taxi 1 mile (Normal Tariff) 2.80 $
(360.89 kr)		 4.05 $
(521.43 kr)		      +44.5 %
Taxi 1hour Waiting (Normal Tariff) 30.00 $
(3,866.70 kr)		 83.09 $
(10,710.00 kr)		      +177.0 %
Gasoline (1 gallon) 3.50 $
(451.33 kr)		 9.15 $
(1,179.65 kr)		      +161.4 %
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 30,000.00 $
(3,866,700.00 kr)		 45,697.88 $
(5,890,000.00 kr)		      +52.3 %
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) 25,968.21 $
(3,347,042.10 kr)		 51,723.69 $
(6,666,666.67 kr)		      +99.2 %
Utilities (Monthly)
 United States Edit Iceland Edit
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment 208.94 $
(26,930.20 kr)		 86.77 $
(11,183.22 kr)		      -58.5 %
Mobile Phone Monthly Plan with Calls and 10GB+ Data 57.18 $
(7,370.52 kr)		 26.61 $
(3,430.36 kr)		      -53.5 %
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 71.58 $
(9,226.45 kr)		 83.66 $
(10,783.47 kr)		      +16.9 %
Sports And Leisure
 United States Edit Iceland Edit
Fitness Club, Monthly Fee for 1 Adult 46.40 $
(5,980.49 kr)		 77.22 $
(9,953.18 kr)		      +66.4 %
Tennis Court Rent (1 Hour on Weekend) 22.05 $
(2,842.07 kr)		 36.21 $
(4,666.67 kr)		      +64.2 %
Cinema, International Release, 1 Seat 14.36 $
(1,851.50 kr)		 16.99 $
(2,190.00 kr)		      +18.3 %
Childcare
 United States Edit Iceland Edit
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child 1,373.86 $
(177,076.77 kr)		 338.51 $
(43,630.30 kr)		      -75.4 %
International Primary School, Yearly for 1 Child 22,581.03 $
(2,910,469.14 kr)		 29,050.31 $
(3,744,295.00 kr)		      +28.6 %
Clothing And Shoes
 United States Edit Iceland Edit
1 Pair of Jeans (Levis 501 Or Similar) 52.11 $
(6,716.92 kr)		 133.62 $
(17,222.35 kr)		      +156.4 %
1 Summer Dress in a Chain Store (Zara, H&M, ...) 42.57 $
(5,487.04 kr)		 61.41 $
(7,915.00 kr)		      +44.2 %
1 Pair of Nike Running Shoes (Mid-Range) 89.71 $
(11,563.22 kr)		 168.49 $
(21,716.67 kr)		      +87.8 %
1 Pair of Men Leather Business Shoes 113.40 $
(14,615.93 kr)		 245.02 $
(31,581.25 kr)		      +116.1 %
Rent Per Month
 United States Edit Iceland Edit
Apartment (1 bedroom) in City Centre 1,741.88 $
(224,511.47 kr)		 2,133.60 $
(275,000.00 kr)		      +22.5 %
Apartment (1 bedroom) Outside of Centre 1,436.93 $
(185,206.37 kr)		 1,939.64 $
(250,000.00 kr)		      +35.0 %
Apartment (3 bedrooms) in City Centre 2,896.64 $
(373,347.40 kr)		 3,056.57 $
(393,961.54 kr)		      +5.5 %
Apartment (3 bedrooms) Outside of Centre 2,402.30 $
(309,632.59 kr)		 2,622.97 $
(338,074.07 kr)		      +9.2 %
Buy Apartment Price
 United States Edit Iceland Edit
Price per Square Feet to Buy Apartment in City Centre 298.99 $
(38,536.45 kr)		 670.11 $
(86,370.14 kr)		      +124.1 %
Price per Square Feet to Buy Apartment Outside of Centre 251.69 $
(32,440.96 kr)		 568.80 $
(73,312.85 kr)		      +126.0 %
Salaries And Financing
 United States Edit Iceland Edit
Average Monthly Net Salary (After Tax) 4,325.83 $
(557,556.62 kr)		 4,376.96 $
(564,146.97 kr)		      +1.2 %
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.51 9.90      +52.1 %
Last update: May 2025April 2025
Contributors in the past 12 months:10842146
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