Cost of Living & Prices:
Iceland vs. United States
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.
Iceland
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Reykjavík
New York, NYTable of contents
Grocery
Iceland vs. United States - grocery purchase prices. You would pay on average 1.13 times more for grocery shopping in Iceland than in the United States.
Apples (1kg)
One kilogram of apples costs 3.34 USD in Iceland and 7.41 USD in the United States. The price of this product is 54.9% lower in Iceland.
Banana (1kg)
1 kilogram of bananas costs 2.53 USD in Iceland and 2.52 USD in the United States. The price of this product is 0.4% lower in the United States.
Beef Round (1kg) (or Equivalent Back Leg Red Meat)
One kilogram of beef or similar meat costs 43.24 USD in Iceland and 19.94 USD in the United States. The price of this product is 53.9% lower in the United States.
Bottle of Wine (Mid-Range)
A bottle of medium-grade wine costs 24.58 USD in Iceland and 18 USD in the United States. The price of this product is 26.8% lower in the United States.
Chicken Fillets (1kg)
One kilogram of chicken fillet costs 24.55 USD in Iceland and 16.08 USD in the United States. The price of this product is 34.5% lower in the United States.
Cigarettes 20 Pack (Marlboro)
A pack of 20 cigarettes costs 13.93 USD in Iceland and 19 USD in the United States. The price of this product is 26.7% lower in Iceland.
Domestic Beer (0.5 liter bottle)
Domestic beer in a 0.5 liter bottle costs 3.71 USD in Iceland and 3.34 USD in the United States. The price of this product is 10% lower in the United States.
Eggs (regular) (12)
You will pay 6.49 USD for 12 eggs in Iceland and 7.19 USD in the United States. The price of this product is 9.7% lower in Iceland.
Imported Beer (0.33 liter bottle)
A 0.33 liter bottle of imported beer costs 3.44 USD in Iceland and 3.81 USD in the United States. The price of this product is 9.7% lower in Iceland.
Johnnie Walker Red Label Whisky 0.7 Litre
Lettuce (1 head)
One head of lettuce costs 3.17 USD in Iceland and 2.94 USD in the United States. The price of this product is 7.3% lower in the United States.
Loaf of Fresh White Bread (500g)
One loaf of fresh white bread costs 4.35 USD in Iceland and 5.01 USD in the United States. The price of this product is 13.2% lower in Iceland.
Local Cheese (1kg)
One kilogram of locally produced cheese costs 18.62 USD in Iceland and 17.16 USD in the United States. The price of this product is 7.8% lower in the United States.
Milk (regular), (1 liter)
One liter of milk costs 1.96 USD in Iceland and 1.59 USD in the United States. The price of this product is 18.9% lower in the United States.
Onion (1kg)
One kilogram of onions costs 2.42 USD in Iceland and 4.01 USD in the United States. The price of this product is 39.7% lower in Iceland.
Oranges (1kg)
One kilogram of oranges costs 3.11 USD in Iceland and 5.72 USD in the United States. The price of this product is 45.6% lower in Iceland.
Potato (1kg)
One kilogram of potatoes costs 3.68 USD in Iceland and 3.74 USD in the United States. The price of this product is 1.6% lower in Iceland.
Rice (white), (1kg)
One kilogram of white rice costs 3.72 USD in Iceland and 8.27 USD in the United States. The price of this product is 55% lower in Iceland.
Smirnoff Red Label Vodka 0.7 Litre
Tomato (1kg)
One kilogram of tomatoes costs 5.1 USD in Iceland and 6.37 USD in the United States. The price of this product is 19.9% lower in Iceland.
Water (1.5 liter bottle)
A 1.5 liter bottle of water costs 2 USD in Iceland and 2.49 USD in the United States. The price of this product is 19.7% lower in Iceland.
Restaurant
Iceland vs. United States - expenses on meals in restaurants. You would pay 1.12 times more for meals in restaurants in Iceland than in the United States.
Cappuccino (regular)
For a cappuccino in a restaurant, you'll pay 6.23 USD in Iceland and 5.86 USD in the United States. The price of this product is 5.9% lower in the United States.
Coke/Pepsi (0.33 liter bottle)
A 0.33 liter bottle of Coca-Cola or Pepsi costs 3.33 USD in Iceland and 3.3 USD in the United States. The price of this product is 0.9% lower in the United States.
Domestic Beer (0.5 liter draught)
Domestic beer with a capacity of 0.5 liters costs 13.11 USD in Iceland and 8 USD in the United States. The price of this product is 39% lower in the United States.
Imported Beer (0.33 liter bottle)
A 0.33 liter bottle of imported beer costs 11.47 USD in Iceland and 12 USD in the United States. The price of this product is 4.4% lower in Iceland.
McMeal at McDonalds (or Equivalent Combo Meal)
A McMeal or similar meal at McDonald's costs 22.95 USD in Iceland and 12 USD in the United States. The price of this product is 47.7% lower in the United States.
Meal for 2 People, Mid-range Restaurant, Three-course
A three-course meal for two people at a mid-range restaurant costs 147.5 USD in Iceland and 140 USD in the United States. The price of this product is 5.1% lower in the United States.
Meal, Inexpensive Restaurant
A meal at an inexpensive restaurant costs 27.45 USD in Iceland and 26 USD in the United States. The price of this product is 5.3% lower in the United States.
Water (0.33 liter bottle)
A 0.33 liter bottle of water costs 2.67 USD in Iceland and 2.55 USD in the United States. The price of this product is 4.5% lower in the United States.
Fuel
Iceland vs. United States - expenses related to fuel. You would pay 2.7 times more for fuel in Iceland than in the United States.
Diesel 1L
A liter of diesel costs 2.65 USD in Iceland and 0.99 USD in the United States. The price of this product is 62.6% lower in the United States.
Gasoline 1L
A liter of gasoline costs 2.53 USD in Iceland and 0.93 USD in the United States. The price of this product is 63.2% lower in the United States.
Transportation
Iceland vs. United States - costs of transportation and public communication. You would pay 1.04 times more for transportation in Iceland than in the United States.
Monthly Pass (Regular Price)
The monthly ticket price for public transportation is 88.5 USD in Iceland and 132 USD in the United States. The price of this product is 33% lower in Iceland.
One-way Ticket (Local Transport)
The one-way ticket price for local transportation is 5.33 USD in Iceland and 2.9 USD in the United States. The price of this product is 45.6% lower in the United States.
Taxi 1hour Waiting (Normal Tariff)
The cost of a one-hour taxi stand/wait is 87.77 USD in Iceland and 42 USD in the United States. The price of this product is 52.1% lower in the United States.
Taxi 1km (Normal Tariff)
The fare for each kilometer traveled is 2.66 USD in Iceland and 2.17 USD in the United States. The price of this product is 18.4% lower in the United States.
Taxi Start (Normal Tariff)
The initial fare during a taxi ride is 6.47 USD in Iceland and 4.99 USD in the United States. The price of this product is 22.9% lower in the United States.
Sports & entertainment
Iceland vs. United States - costs related to entertainment and sports.
Cinema, International Release, 1 Seat
The ticket price for a foreign film in the cinema is 17.95 USD in Iceland and 20 USD in the United States. The price of this product is 10.3% lower in Iceland.
Fitness Club, Monthly Fee for 1 Adult
The monthly fee for entry to the fitness club is 84.63 USD in Iceland and 157.77 USD in the United States. The price of this product is 46.4% lower in Iceland.
Tennis Court Rent (1 Hour on Weekend)
The cost of renting a tennis court for one hour on the weekend is 46.3 USD in Iceland and 65 USD in the United States. The price of this product is 28.8% lower in Iceland.
Flats for rent
Iceland vs. United States - costs of renting an apartment. You would pay about 1.93 times less for renting an apartment in Iceland than in the United States.
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 2257 USD in Iceland and 4058 USD in the United States. The price of this product is 44.4% lower in Iceland.
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 2069 USD in Iceland and 2543 USD in the United States. The price of this product is 18.6% lower in Iceland.
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 3241 USD in Iceland and 8221 USD in the United States. The price of this product is 60.6% lower in Iceland.
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 2797 USD in Iceland and 5227 USD in the United States. The price of this product is 46.5% lower in Iceland.
Flats for sale
Iceland vs. United States - costs of purchasing an apartment. You would pay 2.06 times less for buying an apartment in Iceland than in the United States.
Price per Square Meter to Buy Apartment in City Centre
For one square meter of an apartment in the city center you will pay 7778 USD in Iceland and 17355 USD in the United States. The price of this product is 55.2% 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 6577 USD in Iceland and 12176 USD in the United States. The price of this product is 46% lower in Iceland.
Salary
Iceland vs. United States - average salary. The average salary in Iceland is 1.2 times lower than in the United States.
Average Monthly Net Salary (After Tax)
The average monthly salary after taxes is 4296 USD in Iceland and 5145 USD in the United States. The average salary is 16.5% lower in Iceland.
Hotels
Iceland vs. United States - 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) • Iceland: 11 cities, 117 hotels • United States: 20 cities, 3762 hotels