Cost of Living & Prices:
Germany vs. Iceland
Compare the cost of living and prices of goods and services, such as consumer goods prices, housing costs, average wages and more, to learn about differences and similarities between countries.
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ReykjavíkTable of contents
Grocery
Germany vs. Iceland - grocery purchase prices. You would pay on average 1.77 times less for grocery shopping in Germany than in Iceland.
Apples (1kg)
One kilogram of apples costs 3.41 USD in Germany and 3.25 USD in Iceland. The price of this product is 4.7% lower in Iceland.
Banana (1kg)
1 kilogram of bananas costs 2.1 USD in Germany and 2.45 USD in Iceland. The price of this product is 14.3% lower in Germany.
Beef Round (1kg) (or Equivalent Back Leg Red Meat)
One kilogram of beef or similar meat costs 19.24 USD in Germany and 42 USD in Iceland. The price of this product is 54.2% lower in Germany.
Bottle of Wine (Mid-Range)
A bottle of medium-grade wine costs 7.02 USD in Germany and 23.88 USD in Iceland. The price of this product is 70.6% lower in Germany.
Chicken Fillets (1kg)
One kilogram of chicken fillet costs 11.9 USD in Germany and 23.85 USD in Iceland. The price of this product is 50.1% lower in Germany.
Cigarettes 20 Pack (Marlboro)
A pack of 20 cigarettes costs 10.19 USD in Germany and 13.53 USD in Iceland. The price of this product is 24.7% lower in Germany.
Domestic Beer (0.5 liter bottle)
Domestic beer in a 0.5 liter bottle costs 1.17 USD in Germany and 3.6 USD in Iceland. The price of this product is 67.5% lower in Germany.
Eggs (regular) (12)
You will pay 4.05 USD for 12 eggs in Germany and 6.31 USD in Iceland. The price of this product is 35.8% lower in Germany.
Imported Beer (0.33 liter bottle)
A 0.33 liter bottle of imported beer costs 1.86 USD in Germany and 3.34 USD in Iceland. The price of this product is 44.3% lower in Germany.
Johnnie Walker Red Label Whisky 0.7 Litre
Lettuce (1 head)
One head of lettuce costs 1.64 USD in Germany and 3.08 USD in Iceland. The price of this product is 46.8% lower in Germany.
Loaf of Fresh White Bread (500g)
One loaf of fresh white bread costs 2.08 USD in Germany and 4.23 USD in Iceland. The price of this product is 50.8% lower in Germany.
Local Cheese (1kg)
One kilogram of locally produced cheese costs 14.81 USD in Germany and 18.09 USD in Iceland. The price of this product is 18.1% lower in Germany.
Milk (regular), (1 liter)
One liter of milk costs 1.35 USD in Germany and 1.9 USD in Iceland. The price of this product is 28.9% lower in Germany.
Onion (1kg)
One kilogram of onions costs 1.72 USD in Germany and 2.36 USD in Iceland. The price of this product is 27.1% lower in Germany.
Oranges (1kg)
One kilogram of oranges costs 2.65 USD in Germany and 3.03 USD in Iceland. The price of this product is 12.5% lower in Germany.
Potato (1kg)
One kilogram of potatoes costs 2.04 USD in Germany and 3.57 USD in Iceland. The price of this product is 42.9% lower in Germany.
Rice (white), (1kg)
One kilogram of white rice costs 3.25 USD in Germany and 3.61 USD in Iceland. The price of this product is 10% lower in Germany.
Smirnoff Red Label Vodka 0.7 Litre
Tomato (1kg)
One kilogram of tomatoes costs 3.89 USD in Germany and 4.96 USD in Iceland. The price of this product is 21.6% lower in Germany.
Water (1.5 liter bottle)
A 1.5 liter bottle of water costs 1.09 USD in Germany and 1.95 USD in Iceland. The price of this product is 44.1% lower in Germany.
Restaurant
Germany vs. Iceland - expenses on meals in restaurants. You would pay 1.69 times less for meals in restaurants in Germany than in Iceland.
Cappuccino (regular)
For a cappuccino in a restaurant, you'll pay 4.52 USD in Germany and 6.05 USD in Iceland. The price of this product is 25.3% lower in Germany.
Coke/Pepsi (0.33 liter bottle)
A 0.33 liter bottle of Coca-Cola or Pepsi costs 3.54 USD in Germany and 3.24 USD in Iceland. The price of this product is 8.5% lower in Iceland.
Domestic Beer (0.5 liter draught)
Domestic beer with a capacity of 0.5 liters costs 5.27 USD in Germany and 12.74 USD in Iceland. The price of this product is 58.6% lower in Germany.
Imported Beer (0.33 liter bottle)
A 0.33 liter bottle of imported beer costs 4.68 USD in Germany and 11.14 USD in Iceland. The price of this product is 58% lower in Germany.
McMeal at McDonalds (or Equivalent Combo Meal)
A McMeal or similar meal at McDonald's costs 14.04 USD in Germany and 22.29 USD in Iceland. The price of this product is 37% lower in Germany.
Meal for 2 People, Mid-range Restaurant, Three-course
A three-course meal for two people at a mid-range restaurant costs 81.96 USD in Germany and 143.28 USD in Iceland. The price of this product is 42.8% lower in Germany.
Meal, Inexpensive Restaurant
A meal at an inexpensive restaurant costs 17.56 USD in Germany and 26.67 USD in Iceland. The price of this product is 34.2% lower in Germany.
Water (0.33 liter bottle)
A 0.33 liter bottle of water costs 3.03 USD in Germany and 2.59 USD in Iceland. The price of this product is 14.5% lower in Iceland.
Fuel
Germany vs. Iceland - expenses related to fuel. You would pay 1.34 times less for fuel in Germany than in Iceland.
Diesel 1L
A liter of diesel costs 1.89 USD in Germany and 2.65 USD in Iceland. The price of this product is 28.7% lower in Germany.
Gasoline 1L
A liter of gasoline costs 1.98 USD in Germany and 2.53 USD in Iceland. The price of this product is 21.7% lower in Germany.
LPG 1L
Transportation
Germany vs. Iceland - costs of transportation and public communication. You would pay 1.49 times less for transportation in Germany than in Iceland.
Monthly Pass (Regular Price)
The monthly ticket price for public transportation is 69.08 USD in Germany and 85.97 USD in Iceland. The price of this product is 19.6% lower in Germany.
One-way Ticket (Local Transport)
The one-way ticket price for local transportation is 4.1 USD in Germany and 5.17 USD in Iceland. The price of this product is 20.7% lower in Germany.
Taxi 1hour Waiting (Normal Tariff)
The cost of a one-hour taxi stand/wait is 43.03 USD in Germany and 85.25 USD in Iceland. The price of this product is 49.5% lower in Germany.
Taxi 1km (Normal Tariff)
The fare for each kilometer traveled is 2.69 USD in Germany and 2.58 USD in Iceland. The price of this product is 4.1% lower in Iceland.
Taxi Start (Normal Tariff)
The initial fare during a taxi ride is 5.85 USD in Germany and 6.29 USD in Iceland. The price of this product is 7% lower in Germany.
Sports & entertainment
Germany vs. Iceland - costs related to entertainment and sports.
Cinema, International Release, 1 Seat
The ticket price for a foreign film in the cinema is 14.93 USD in Germany and 17.43 USD in Iceland. The price of this product is 14.3% lower in Germany.
Fitness Club, Monthly Fee for 1 Adult
The monthly fee for entry to the fitness club is 38.79 USD in Germany and 82.2 USD in Iceland. The price of this product is 52.8% lower in Germany.
Tennis Court Rent (1 Hour on Weekend)
The cost of renting a tennis court for one hour on the weekend is 28.59 USD in Germany and 44.97 USD in Iceland. The price of this product is 36.4% lower in Germany.
Flats for rent
Germany vs. Iceland - costs of renting an apartment. You would pay about 1.38 times less for renting an apartment in Germany than in Iceland.
Apartment (1 bedroom) in City Centre
For renting an apartment in the city center consisting of a living room and one bedroom, you will pay 1471 USD in Germany and 2193 USD in Iceland. The price of this product is 32.9% lower in Germany.
Apartment (1 bedroom) Outside of Centre
For renting an apartment outside the city center consisting of a living room and one bedroom, you will pay 1099 USD in Germany and 2010 USD in Iceland. The price of this product is 45.3% lower in Germany.
Apartment (3 bedrooms) in City Centre
For renting an apartment in the city center consisting of a living room and three bedrooms, you will pay 2766 USD in Germany and 3148 USD in Iceland. The price of this product is 12.1% lower in Germany.
Apartment (3 bedrooms) Outside of Centre
For renting an apartment outside the city center consisting of a living room and three bedrooms, you will pay 1977 USD in Germany and 2716 USD in Iceland. The price of this product is 27.2% lower in Germany.
Flats for sale
Germany vs. Iceland - costs of purchasing an apartment. You would pay 1.06 times more for buying an apartment in Germany than in Iceland.
Price per Square Meter to Buy Apartment in City Centre
For one square meter of an apartment in the city center you will pay 8623 USD in Germany and 7555 USD in Iceland. The price of this product is 12.4% lower in Iceland.
Price per Square Meter to Buy Apartment Outside of Centre
For one square meter of an apartment outside the city center, you will pay 6190 USD in Germany and 6389 USD in Iceland. The price of this product is 3.1% lower in Germany.
Salary
Germany vs. Iceland - average salary. The average salary in Germany is 1.18 times lower than in Iceland.
Average Monthly Net Salary (After Tax)
The average monthly salary after taxes is 3538 USD in Germany and 4173 USD in Iceland. The average salary is 15.2% lower in Germany.
Hotels
Germany vs. Iceland - prices of accommodation in hostels, guesthouses, and hotels.
One star
Two stars
Three stars
Four stars
Five stars
Average accommodation prices based on Expedia.com data • Update: 15 Dec 2024 (1 night stay for 2 people on 29 Dec 2024) • Germany: 20 cities, 588 hotels • Iceland: 11 cities, 117 hotels