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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

EURISKUSD

Spain vs. Iceland - grocery purchase prices. You would pay on average 2.02 times less for grocery shopping in Spain than in Iceland.

Apples (1kg)

One kilogram of apples costs 2.28 EUR (2.69 USD) in Spain and 2.82 EUR (3.33 USD) in Iceland. The price of this product is 19.1% lower in Spain.

2.28 EUR
2.82 EUR

Banana (1kg)

1 kilogram of bananas costs 1.89 EUR (2.23 USD) in Spain and 2.13 EUR (2.51 USD) in Iceland. The price of this product is 11.3% lower in Spain.

1.89 EUR
2.13 EUR

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

One kilogram of beef or similar meat costs 14.61 EUR (17.25 USD) in Spain and 36.41 EUR (43 USD) in Iceland. The price of this product is 59.9% lower in Spain.

14.61 EUR
36.41 EUR

Bottle of Wine (Mid-Range)

A bottle of medium-grade wine costs 6.95 EUR (8.21 USD) in Spain and 20.7 EUR (24.45 USD) in Iceland. The price of this product is 66.4% lower in Spain.

6.95 EUR
20.70 EUR

Chicken Fillets (1kg)

One kilogram of chicken fillet costs 7.78 EUR (9.19 USD) in Spain and 20.68 EUR (24.42 USD) in Iceland. The price of this product is 62.4% lower in Spain.

7.78 EUR
20.68 EUR

Cigarettes 20 Pack (Marlboro)

A pack of 20 cigarettes costs 6 EUR (7.09 USD) in Spain and 11.73 EUR (13.85 USD) in Iceland. The price of this product is 48.8% lower in Spain.

6.00 EUR
11.73 EUR

Domestic Beer (0.5 liter bottle)

Domestic beer in a 0.5 liter bottle costs 1.21 EUR (1.43 USD) in Spain and 3.12 EUR (3.69 USD) in Iceland. The price of this product is 61.2% lower in Spain.

1.21 EUR
3.12 EUR

Eggs (regular) (12)

You will pay 2.97 EUR (3.51 USD) for 12 eggs in Spain and 5.47 EUR (6.46 USD) in Iceland. The price of this product is 45.7% lower in Spain.

2.97 EUR
5.47 EUR

Imported Beer (0.33 liter bottle)

A 0.33 liter bottle of imported beer costs 1.96 EUR (2.31 USD) in Spain and 2.9 EUR (3.42 USD) in Iceland. The price of this product is 32.4% lower in Spain.

1.96 EUR
2.90 EUR

Johnnie Walker Red Label Whisky 0.7 Litre

13.95 EUR
-

Lettuce (1 head)

One head of lettuce costs 1.19 EUR (1.41 USD) in Spain and 2.67 EUR (3.15 USD) in Iceland. The price of this product is 55.4% lower in Spain.

1.19 EUR
2.67 EUR

Loaf of Fresh White Bread (500g)

One loaf of fresh white bread costs 1.47 EUR (1.74 USD) in Spain and 3.66 EUR (4.33 USD) in Iceland. The price of this product is 59.8% lower in Spain.

1.47 EUR
3.66 EUR

Local Cheese (1kg)

One kilogram of locally produced cheese costs 12.58 EUR (14.86 USD) in Spain and 15.68 EUR (18.52 USD) in Iceland. The price of this product is 19.8% lower in Spain.

12.58 EUR
15.68 EUR

Milk (regular), (1 liter)

One liter of milk costs 1.06 EUR (1.25 USD) in Spain and 1.65 EUR (1.95 USD) in Iceland. The price of this product is 35.8% lower in Spain.

1.06 EUR
1.65 EUR

Onion (1kg)

One kilogram of onions costs 1.84 EUR (2.17 USD) in Spain and 2.04 EUR (2.41 USD) in Iceland. The price of this product is 9.8% lower in Spain.

1.84 EUR
2.04 EUR

Oranges (1kg)

One kilogram of oranges costs 2.23 EUR (2.63 USD) in Spain and 2.62 EUR (3.1 USD) in Iceland. The price of this product is 14.9% lower in Spain.

2.23 EUR
2.62 EUR

Potato (1kg)

One kilogram of potatoes costs 1.8 EUR (2.13 USD) in Spain and 3.1 EUR (3.66 USD) in Iceland. The price of this product is 41.9% lower in Spain.

1.80 EUR
3.10 EUR

Rice (white), (1kg)

One kilogram of white rice costs 1.46 EUR (1.72 USD) in Spain and 3.13 EUR (3.7 USD) in Iceland. The price of this product is 53.4% lower in Spain.

1.46 EUR
3.13 EUR

Smirnoff Red Label Vodka 0.7 Litre

9.30 EUR
-

Tomato (1kg)

One kilogram of tomatoes costs 2.38 EUR (2.81 USD) in Spain and 4.3 EUR (5.07 USD) in Iceland. The price of this product is 44.7% lower in Spain.

2.38 EUR
4.30 EUR

Water (1.5 liter bottle)

A 1.5 liter bottle of water costs 0.84 EUR (0.99 USD) in Spain and 1.69 EUR (1.99 USD) in Iceland. The price of this product is 50.3% lower in Spain.

0.84 EUR
1.69 EUR

Restaurant

EURISKUSD

Spain vs. Iceland - expenses on meals in restaurants. You would pay 1.98 times less for meals in restaurants in Spain than in Iceland.

Cappuccino (regular)

For a cappuccino in a restaurant, you'll pay 2.72 EUR (3.21 USD) in Spain and 5.25 EUR (6.2 USD) in Iceland. The price of this product is 48.2% lower in Spain.

2.72 EUR
5.25 EUR

Coke/Pepsi (0.33 liter bottle)

A 0.33 liter bottle of Coca-Cola or Pepsi costs 2.73 EUR (3.22 USD) in Spain and 2.81 EUR (3.32 USD) in Iceland. The price of this product is 2.8% lower in Spain.

2.73 EUR
2.81 EUR

Domestic Beer (0.5 liter draught)

Domestic beer with a capacity of 0.5 liters costs 3.5 EUR (4.13 USD) in Spain and 11.04 EUR (13.04 USD) in Iceland. The price of this product is 68.3% lower in Spain.

3.50 EUR
11.04 EUR

Imported Beer (0.33 liter bottle)

A 0.33 liter bottle of imported beer costs 4 EUR (4.72 USD) in Spain and 9.66 EUR (11.41 USD) in Iceland. The price of this product is 58.6% lower in Spain.

4.00 EUR
9.66 EUR

McMeal at McDonalds (or Equivalent Combo Meal)

A McMeal or similar meal at McDonald's costs 10 EUR (11.81 USD) in Spain and 19.32 EUR (22.82 USD) in Iceland. The price of this product is 48.2% lower in Spain.

10.00 EUR
19.32 EUR

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

A three-course meal for two people at a mid-range restaurant costs 60 EUR (70.86 USD) in Spain and 124.21 EUR (146.69 USD) in Iceland. The price of this product is 51.7% lower in Spain.

60.00 EUR
124.21 EUR

Meal, Inexpensive Restaurant

A meal at an inexpensive restaurant costs 15 EUR (17.71 USD) in Spain and 23.12 EUR (27.3 USD) in Iceland. The price of this product is 35.1% lower in Spain.

15.00 EUR
23.12 EUR

Water (0.33 liter bottle)

A 0.33 liter bottle of water costs 1.85 EUR (2.18 USD) in Spain and 2.25 EUR (2.65 USD) in Iceland. The price of this product is 17.8% lower in Spain.

1.85 EUR
2.25 EUR

Fuel

EURISKUSD

Spain vs. Iceland - expenses related to fuel. You would pay 1.52 times less for fuel in Spain than in Iceland.

Diesel 1L

A liter of diesel costs 1.41 EUR (1.66 USD) in Spain and 2.25 EUR (2.65 USD) in Iceland. The price of this product is 37.3% lower in Spain.

1.41 EUR
2.25 EUR

Gasoline 1L

A liter of gasoline costs 1.48 EUR (1.75 USD) in Spain and 2.14 EUR (2.53 USD) in Iceland. The price of this product is 30.8% lower in Spain.

1.48 EUR
2.14 EUR

LPG 1L

0.93 EUR
-

Transportation

EURISKUSD

Spain vs. Iceland - costs of transportation and public communication. You would pay 2.18 times less for transportation in Spain than in Iceland.

Monthly Pass (Regular Price)

The monthly ticket price for public transportation is 42.5 EUR (50.19 USD) in Spain and 74.53 EUR (88.01 USD) in Iceland. The price of this product is 43% lower in Spain.

42.50 EUR
74.53 EUR

One-way Ticket (Local Transport)

The one-way ticket price for local transportation is 1.5 EUR (1.77 USD) in Spain and 4.49 EUR (5.3 USD) in Iceland. The price of this product is 66.6% lower in Spain.

1.50 EUR
4.49 EUR

Taxi 1hour Waiting (Normal Tariff)

The cost of a one-hour taxi stand/wait is 25 EUR (29.52 USD) in Spain and 73.91 EUR (87.28 USD) in Iceland. The price of this product is 66.2% lower in Spain.

25.00 EUR
73.91 EUR

Taxi 1km (Normal Tariff)

The fare for each kilometer traveled is 1.3 EUR (1.54 USD) in Spain and 2.24 EUR (2.64 USD) in Iceland. The price of this product is 42% lower in Spain.

1.30 EUR
2.24 EUR

Taxi Start (Normal Tariff)

The initial fare during a taxi ride is 3.5 EUR (4.13 USD) in Spain and 5.45 EUR (6.44 USD) in Iceland. The price of this product is 35.8% lower in Spain.

3.50 EUR
5.45 EUR

Sports & entertainment

EURISKUSD

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 10 EUR (11.81 USD) in Spain and 15.11 EUR (17.85 USD) in Iceland. The price of this product is 33.8% lower in Spain.

10.00 EUR
15.11 EUR

Fitness Club, Monthly Fee for 1 Adult

The monthly fee for entry to the fitness club is 45.82 EUR (54.11 USD) in Spain and 71.26 EUR (84.16 USD) in Iceland. The price of this product is 35.7% lower in Spain.

45.82 EUR
71.26 EUR

Tennis Court Rent (1 Hour on Weekend)

The cost of renting a tennis court for one hour on the weekend is 15.33 EUR (18.1 USD) in Spain and 38.99 EUR (46.04 USD) in Iceland. The price of this product is 60.7% lower in Spain.

15.33 EUR
38.99 EUR

Flats for rent

EURISKUSD

Spain vs. Iceland - costs of renting an apartment. You would pay about 1.32 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 1412 EUR (1667.56 USD) in Spain and 1901 EUR (2244.94 USD) in Iceland. The price of this product is 25.7% lower in Spain.

1 412 EUR
1 901 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 980.31 EUR (1157.69 USD) in Spain and 1742 EUR (2057.7 USD) in Iceland. The price of this product is 43.7% lower in Spain.

980.31 EUR
1 742 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 2531 EUR (2989.25 USD) in Spain and 2730 EUR (3223.39 USD) in Iceland. The price of this product is 7.3% lower in Spain.

2 531 EUR
2 730 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 1673 EUR (1975.32 USD) in Spain and 2355 EUR (2781.13 USD) in Iceland. The price of this product is 29% lower in Spain.

1 673 EUR
2 355 EUR

Flats for sale

EURISKUSD

Spain vs. Iceland - costs of purchasing an apartment. You would pay 1.1 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 6817 EUR (8050.61 USD) in Spain and 6550 EUR (7735.04 USD) in Iceland. The price of this product is 3.9% lower in Iceland.

6 817 EUR
6 550 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 4162 EUR (4914.98 USD) in Spain and 5539 EUR (6540.82 USD) in Iceland. The price of this product is 24.9% lower in Spain.

4 162 EUR
5 539 EUR

Salary

EURISKUSD

Spain vs. Iceland - average salary. The average salary in Spain is 1.69 times lower than in Iceland.

Average Monthly Net Salary (After Tax)

The average monthly salary after taxes is 2135 EUR (2521.09 USD) in Spain and 3618 EUR (4272.22 USD) in Iceland. The average salary is 41% lower in Spain.

2 135 EUR
3 618 EUR

Hotels

EURISKUSD

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

One star

91.8 EUR
-

Two stars

104 EUR
146 EUR

Three stars

146 EUR
194 EUR

Four stars

184 EUR
311 EUR

Five stars

386 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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