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  3. Cost of Living & Prices: Spain vs. Iceland

Cost of Living & Prices:
Spain 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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MadridMadrid
ReykjavíkReykjavík

Table of contents

Grocery

EURUSDISK

Spain vs. Iceland - grocery purchase prices. You would pay on average 1.98 times less for grocery shopping in Spain than in Iceland.

Apples (1kg)

One kilogram of apples costs 2.16 EUR (2.46 USD) in Spain and 3.09 EUR (3.52 USD) in Iceland. The price of this product is 30.1% lower in Spain.

2.16 EUR
3.09 EUR

Banana (1kg)

1 kilogram of bananas costs 1.89 EUR (2.15 USD) in Spain and 1.95 EUR (2.21 USD) in Iceland. The price of this product is 3.1% lower in Spain.

1.89 EUR
1.95 EUR

Beef Round (1kg) (or Equivalent Back Leg Red Meat)

One kilogram of beef or similar meat costs 12.21 EUR (13.9 USD) in Spain and 23.98 EUR (27.29 USD) in Iceland. The price of this product is 49.1% lower in Spain.

12.21 EUR
23.98 EUR

Bottle of Wine (Mid-Range)

A bottle of medium-grade wine costs 5.6 EUR (6.37 USD) in Spain and 18.48 EUR (21.03 USD) in Iceland. The price of this product is 69.7% lower in Spain.

5.60 EUR
18.48 EUR

Chicken Fillets (1kg)

One kilogram of chicken fillet costs 7.4 EUR (8.42 USD) in Spain and 16.57 EUR (18.86 USD) in Iceland. The price of this product is 55.3% lower in Spain.

7.40 EUR
16.57 EUR

Cigarettes 20 Pack (Marlboro)

A pack of 20 cigarettes costs 5.1 EUR (5.8 USD) in Spain and 10.95 EUR (12.46 USD) in Iceland. The price of this product is 53.4% lower in Spain.

5.10 EUR
10.95 EUR

Domestic Beer (0.5 liter bottle)

Domestic beer in a 0.5 liter bottle costs 0.99 EUR (1.13 USD) in Spain and 2.87 EUR (3.26 USD) in Iceland. The price of this product is 65.5% lower in Spain.

0.99 EUR
2.87 EUR

Eggs (regular) (12)

You will pay 2.38 EUR (2.71 USD) for 12 eggs in Spain and 5.2 EUR (5.92 USD) in Iceland. The price of this product is 54.2% lower in Spain.

2.38 EUR
5.20 EUR

Imported Beer (0.33 liter bottle)

A 0.33 liter bottle of imported beer costs 1.52 EUR (1.73 USD) in Spain and 2.38 EUR (2.71 USD) in Iceland. The price of this product is 36.1% lower in Spain.

1.52 EUR
2.38 EUR

Johnnie Walker Red Label Whisky 0.7 Litre

14.48 EUR
-

Lettuce (1 head)

One head of lettuce costs 1.06 EUR (1.21 USD) in Spain and 2.58 EUR (2.93 USD) in Iceland. The price of this product is 58.9% lower in Spain.

1.06 EUR
2.58 EUR

Loaf of Fresh White Bread (500g)

One loaf of fresh white bread costs 1.15 EUR (1.31 USD) in Spain and 3.08 EUR (3.5 USD) in Iceland. The price of this product is 62.7% lower in Spain.

1.15 EUR
3.08 EUR

Local Cheese (1kg)

One kilogram of locally produced cheese costs 10.63 EUR (12.1 USD) in Spain and 13.47 EUR (15.33 USD) in Iceland. The price of this product is 21.1% lower in Spain.

10.63 EUR
13.47 EUR

Milk (regular), (1 liter)

One liter of milk costs 0.9 EUR (1.02 USD) in Spain and 1.45 EUR (1.65 USD) in Iceland. The price of this product is 37.9% lower in Spain.

0.90 EUR
1.45 EUR

Onion (1kg)

One kilogram of onions costs 1.35 EUR (1.54 USD) in Spain and 1.28 EUR (1.46 USD) in Iceland. The price of this product is 5.2% lower in Iceland.

1.35 EUR
1.28 EUR

Oranges (1kg)

One kilogram of oranges costs 1.77 EUR (2.01 USD) in Spain and 2.36 EUR (2.69 USD) in Iceland. The price of this product is 25% lower in Spain.

1.77 EUR
2.36 EUR

Potato (1kg)

One kilogram of potatoes costs 1.27 EUR (1.45 USD) in Spain and 2.55 EUR (2.9 USD) in Iceland. The price of this product is 50.2% lower in Spain.

1.27 EUR
2.55 EUR

Rice (white), (1kg)

One kilogram of white rice costs 1.25 EUR (1.42 USD) in Spain and 2.91 EUR (3.31 USD) in Iceland. The price of this product is 57% lower in Spain.

1.25 EUR
2.91 EUR

Smirnoff Red Label Vodka 0.7 Litre

9.65 EUR
-

Tomato (1kg)

One kilogram of tomatoes costs 1.96 EUR (2.23 USD) in Spain and 4.38 EUR (4.98 USD) in Iceland. The price of this product is 55.3% lower in Spain.

1.96 EUR
4.38 EUR

Water (1.5 liter bottle)

A 1.5 liter bottle of water costs 0.69 EUR (0.79 USD) in Spain and 1.84 EUR (2.1 USD) in Iceland. The price of this product is 62.5% lower in Spain.

0.69 EUR
1.84 EUR

Restaurant

EURUSDISK

Spain vs. Iceland - expenses on meals in restaurants. You would pay 1.91 times less for meals in restaurants in Spain than in Iceland.

Cappuccino (regular)

For a cappuccino in a restaurant, you'll pay 2.13 EUR (2.42 USD) in Spain and 4.28 EUR (4.87 USD) in Iceland. The price of this product is 50.2% lower in Spain.

2.13 EUR
4.28 EUR

Coke/Pepsi (0.33 liter bottle)

A 0.33 liter bottle of Coca-Cola or Pepsi costs 2.36 EUR (2.69 USD) in Spain and 2.36 EUR (2.69 USD) in Iceland. The price of this product is 0% lower in Iceland.

2.36 EUR
2.36 EUR

Domestic Beer (0.5 liter draught)

Domestic beer with a capacity of 0.5 liters costs 3.5 EUR (3.98 USD) in Spain and 8.9 EUR (10.13 USD) in Iceland. The price of this product is 60.7% lower in Spain.

3.50 EUR
8.90 EUR

Imported Beer (0.33 liter bottle)

A 0.33 liter bottle of imported beer costs 3.5 EUR (3.98 USD) in Spain and 7.53 EUR (8.57 USD) in Iceland. The price of this product is 53.5% lower in Spain.

3.50 EUR
7.53 EUR

McMeal at McDonalds (or Equivalent Combo Meal)

A McMeal or similar meal at McDonald's costs 8 EUR (9.1 USD) in Spain and 13.69 EUR (15.58 USD) in Iceland. The price of this product is 41.6% lower in Spain.

8.00 EUR
13.69 EUR

Meal for 2 People, Mid-range Restaurant, Three-course

A three-course meal for two people at a mid-range restaurant costs 50 EUR (56.91 USD) in Spain and 102.67 EUR (116.85 USD) in Iceland. The price of this product is 51.3% lower in Spain.

50.00 EUR
102.67 EUR

Meal, Inexpensive Restaurant

A meal at an inexpensive restaurant costs 12 EUR (13.66 USD) in Spain and 17.11 EUR (19.47 USD) in Iceland. The price of this product is 29.9% lower in Spain.

12.00 EUR
17.11 EUR

Water (0.33 liter bottle)

A 0.33 liter bottle of water costs 1.64 EUR (1.87 USD) in Spain and 1.83 EUR (2.09 USD) in Iceland. The price of this product is 10.4% lower in Spain.

1.64 EUR
1.83 EUR

Fuel

EURUSDISK

Spain vs. Iceland - expenses related to fuel. You would pay 1.46 times less for fuel in Spain than in Iceland.

Diesel 1L

A liter of diesel costs 1.32 EUR (1.5 USD) in Spain and 2.02 EUR (2.3 USD) in Iceland. The price of this product is 34.7% lower in Spain.

1.32 EUR
2.02 EUR

Gasoline 1L

A liter of gasoline costs 1.43 EUR (1.62 USD) in Spain and 2 EUR (2.27 USD) in Iceland. The price of this product is 28.5% lower in Spain.

1.43 EUR
2.00 EUR

LPG 1L

0.91 EUR
-

Transportation

EURUSDISK

Spain vs. Iceland - costs of transportation and public communication. You would pay 1.56 times less for transportation in Spain than in Iceland.

Monthly Pass (Regular Price)

The monthly ticket price for public transportation is 54.6 EUR (62.14 USD) in Spain and 61.6 EUR (70.11 USD) in Iceland. The price of this product is 11.4% lower in Spain.

54.60 EUR
61.60 EUR

One-way Ticket (Local Transport)

The one-way ticket price for local transportation is 1.5 EUR (1.71 USD) in Spain and 3.76 EUR (4.28 USD) in Iceland. The price of this product is 60.1% lower in Spain.

1.50 EUR
3.76 EUR

Taxi 1hour Waiting (Normal Tariff)

The cost of a one-hour taxi stand/wait is 22 EUR (25.04 USD) in Spain and 55.92 EUR (63.64 USD) in Iceland. The price of this product is 60.7% lower in Spain.

22.00 EUR
55.92 EUR

Taxi 1km (Normal Tariff)

The fare for each kilometer traveled is 1.1 EUR (1.25 USD) in Spain and 2.83 EUR (3.23 USD) in Iceland. The price of this product is 61.1% lower in Spain.

1.10 EUR
2.83 EUR

Taxi Start (Normal Tariff)

The initial fare during a taxi ride is 3.5 EUR (3.98 USD) in Spain and 5 EUR (5.69 USD) in Iceland. The price of this product is 30% lower in Spain.

3.50 EUR
5.00 EUR

Sports & entertainment

EURUSDISK

Spain vs. Iceland - costs related to entertainment and sports.

Cinema, International Release, 1 Seat

The ticket price for a foreign film in the cinema is 9 EUR (10.24 USD) in Spain and 12.66 EUR (14.41 USD) in Iceland. The price of this product is 28.9% lower in Spain.

9.00 EUR
12.66 EUR

Fitness Club, Monthly Fee for 1 Adult

The monthly fee for entry to the fitness club is 41.41 EUR (47.13 USD) in Spain and 61.61 EUR (70.12 USD) in Iceland. The price of this product is 32.8% lower in Spain.

41.41 EUR
61.61 EUR

Tennis Court Rent (1 Hour on Weekend)

The cost of renting a tennis court for one hour on the weekend is 12.54 EUR (14.27 USD) in Spain and 42.32 EUR (48.17 USD) in Iceland. The price of this product is 70.4% lower in Spain.

12.54 EUR
42.32 EUR

Flats for rent

EURUSDISK

Spain vs. Iceland - costs of renting an apartment. You would pay about 1.39 times less for renting an apartment in Spain 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 1009 EUR (1148.7 USD) in Spain and 1487 EUR (1692.62 USD) in Iceland. The price of this product is 32.1% lower in Spain.

1 009 EUR
1 487 EUR

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 791.18 EUR (900.45 USD) in Spain and 1260 EUR (1433.72 USD) in Iceland. The price of this product is 37.2% lower in Spain.

791.18 EUR
1 260 EUR

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 1749 EUR (1990.81 USD) in Spain and 2154 EUR (2451.25 USD) in Iceland. The price of this product is 18.8% lower in Spain.

1 749 EUR
2 154 EUR

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 1268 EUR (1443.18 USD) in Spain and 1792 EUR (2039.82 USD) in Iceland. The price of this product is 29.2% lower in Spain.

1 268 EUR
1 792 EUR

Flats for sale

EURUSDISK

Spain vs. Iceland - costs of purchasing an apartment. You would pay 1.11 times less for buying an apartment in Spain 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 5383 EUR (6127.01 USD) in Spain and 5748 EUR (6542.17 USD) in Iceland. The price of this product is 6.4% lower in Spain.

5 383 EUR
5 748 EUR

Price per Square Meter to Buy Apartment Outside of Centre

For one square meter of an apartment outside the city center, you will pay 3557 EUR (4048 USD) in Spain and 4194 EUR (4773.41 USD) in Iceland. The price of this product is 15.2% lower in Spain.

3 557 EUR
4 194 EUR

Salary

EURUSDISK

Spain vs. Iceland - average salary. The average salary in Spain is 1.72 times lower than in Iceland.

Average Monthly Net Salary (After Tax)

The average monthly salary after taxes is 1989 EUR (2263.18 USD) in Spain and 3417 EUR (3889.17 USD) in Iceland. The average salary is 41.8% lower in Spain.

1 989 EUR
3 417 EUR

Hotels

EURUSDISK

Spain vs. Iceland - prices of accommodation in hostels, guesthouses, and hotels.

One star

95.2 EUR
-

Two stars

108 EUR
151 EUR

Three stars

151 EUR
201 EUR

Four stars

191 EUR
322 EUR

Five stars

401 EUR
-

Average accommodation prices based on Expedia.com data • Update: 15 Dec 2024 (1 night stay for 2 people on 29 Dec 2024) • Spain: 20 cities, 1357 hotels • Iceland: 11 cities, 117 hotels

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