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.
Table of contents
Grocery
Iceland vs. United States - grocery purchase prices. You would pay on average 1.1 times less for grocery shopping in Iceland than in the United States.
Apples (1kg)
One kilogram of apples costs 3.16 EUR (3.42 USD) in Iceland and 5.4 EUR (5.84 USD) in the United States. The price of this product is 41.5% lower in Iceland.
Banana (1kg)
1 kilogram of bananas costs 1.99 EUR (2.15 USD) in Iceland and 2.21 EUR (2.39 USD) in the United States. The price of this product is 10% lower in Iceland.
Beef Round (1kg) (or Equivalent Back Leg Red Meat)
One kilogram of beef or similar meat costs 24.51 EUR (26.52 USD) in Iceland and 19.4 EUR (20.99 USD) in the United States. The price of this product is 20.8% lower in the United States.
Bottle of Wine (Mid-Range)
A bottle of medium-grade wine costs 18.88 EUR (20.43 USD) in Iceland and 16.63 EUR (18 USD) in the United States. The price of this product is 11.9% lower in the United States.
Chicken Fillets (1kg)
One kilogram of chicken fillet costs 16.93 EUR (18.32 USD) in Iceland and 16.1 EUR (17.42 USD) in the United States. The price of this product is 4.9% lower in the United States.
Cigarettes 20 Pack (Marlboro)
A pack of 20 cigarettes costs 11.19 EUR (12.11 USD) in Iceland and 14.79 EUR (16 USD) in the United States. The price of this product is 24.3% lower in Iceland.
Domestic Beer (0.5 liter bottle)
Domestic beer in a 0.5 liter bottle costs 2.93 EUR (3.17 USD) in Iceland and 2.97 EUR (3.21 USD) in the United States. The price of this product is 1.3% lower in Iceland.
Eggs (regular) (12)
You will pay 5.31 EUR (5.75 USD) for 12 eggs in Iceland and 4.38 EUR (4.74 USD) in the United States. The price of this product is 17.5% lower in the United States.
Imported Beer (0.33 liter bottle)
A 0.33 liter bottle of imported beer costs 2.44 EUR (2.64 USD) in Iceland and 3.63 EUR (3.93 USD) in the United States. The price of this product is 32.8% lower in Iceland.
Johnnie Walker Red Label Whisky 0.7 Litre
Lettuce (1 head)
One head of lettuce costs 2.63 EUR (2.85 USD) in Iceland and 2.62 EUR (2.84 USD) in the United States. The price of this product is 0.4% lower in the United States.
Loaf of Fresh White Bread (500g)
One loaf of fresh white bread costs 3.14 EUR (3.4 USD) in Iceland and 3.95 EUR (4.27 USD) in the United States. The price of this product is 20.5% lower in Iceland.
Local Cheese (1kg)
One kilogram of locally produced cheese costs 13.76 EUR (14.9 USD) in Iceland and 15.44 EUR (16.71 USD) in the United States. The price of this product is 10.9% lower in Iceland.
Milk (regular), (1 liter)
One liter of milk costs 1.48 EUR (1.61 USD) in Iceland and 1.16 EUR (1.25 USD) in the United States. The price of this product is 21.6% lower in the United States.
Onion (1kg)
One kilogram of onions costs 1.31 EUR (1.42 USD) in Iceland and 3.6 EUR (3.9 USD) in the United States. The price of this product is 63.6% lower in Iceland.
Oranges (1kg)
One kilogram of oranges costs 2.41 EUR (2.61 USD) in Iceland and 4.93 EUR (5.33 USD) in the United States. The price of this product is 51.1% lower in Iceland.
Potato (1kg)
One kilogram of potatoes costs 2.6 EUR (2.82 USD) in Iceland and 3.94 EUR (4.26 USD) in the United States. The price of this product is 34% lower in Iceland.
Rice (white), (1kg)
One kilogram of white rice costs 2.98 EUR (3.22 USD) in Iceland and 7.6 EUR (8.22 USD) in the United States. The price of this product is 60.8% lower in Iceland.
Smirnoff Red Label Vodka 0.7 Litre
Tomato (1kg)
One kilogram of tomatoes costs 4.47 EUR (4.84 USD) in Iceland and 5.78 EUR (6.25 USD) in the United States. The price of this product is 22.7% lower in Iceland.
Water (1.5 liter bottle)
A 1.5 liter bottle of water costs 1.89 EUR (2.04 USD) in Iceland and 2.31 EUR (2.5 USD) in the United States. The price of this product is 18.2% lower in Iceland.
Restaurant
Iceland vs. United States - expenses on meals in restaurants. You would pay 1.06 times more for meals in restaurants in Iceland than in the United States.
Cappuccino (regular)
For a cappuccino in a restaurant, you'll pay 4.37 EUR (4.73 USD) in Iceland and 4.82 EUR (5.22 USD) in the United States. The price of this product is 9.3% lower in Iceland.
Coke/Pepsi (0.33 liter bottle)
A 0.33 liter bottle of Coca-Cola or Pepsi costs 2.41 EUR (2.61 USD) in Iceland and 2.59 EUR (2.8 USD) in the United States. The price of this product is 6.9% lower in Iceland.
Domestic Beer (0.5 liter draught)
Domestic beer with a capacity of 0.5 liters costs 9.09 EUR (9.84 USD) in Iceland and 7.39 EUR (8 USD) in the United States. The price of this product is 18.7% lower in the United States.
Imported Beer (0.33 liter bottle)
A 0.33 liter bottle of imported beer costs 7.69 EUR (8.33 USD) in Iceland and 9.24 EUR (10 USD) in the United States. The price of this product is 16.8% lower in Iceland.
McMeal at McDonalds (or Equivalent Combo Meal)
A McMeal or similar meal at McDonald's costs 13.99 EUR (15.14 USD) in Iceland and 11.09 EUR (12 USD) in the United States. The price of this product is 20.7% 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 104.92 EUR (113.54 USD) in Iceland and 92.41 EUR (100 USD) in the United States. The price of this product is 11.9% lower in the United States.
Meal, Inexpensive Restaurant
A meal at an inexpensive restaurant costs 17.49 EUR (18.92 USD) in Iceland and 23.1 EUR (25 USD) in the United States. The price of this product is 24.3% lower in Iceland.
Water (0.33 liter bottle)
A 0.33 liter bottle of water costs 1.87 EUR (2.03 USD) in Iceland and 2.03 EUR (2.2 USD) in the United States. The price of this product is 7.9% lower in Iceland.
Fuel
Iceland vs. United States - expenses related to fuel. You would pay 2.44 times more for fuel in Iceland than in the United States.
Diesel 1L
A liter of diesel costs 2.12 EUR (2.3 USD) in Iceland and 0.88 EUR (0.95 USD) in the United States. The price of this product is 58.5% lower in the United States.
Gasoline 1L
A liter of gasoline costs 2.1 EUR (2.27 USD) in Iceland and 0.85 EUR (0.92 USD) in the United States. The price of this product is 59.5% lower in the United States.
Transportation
Iceland vs. United States - costs of transportation and public communication. You would pay 1.18 times less for transportation in Iceland than in the United States.
Monthly Pass (Regular Price)
The monthly ticket price for public transportation is 62.95 EUR (68.13 USD) in Iceland and 119.21 EUR (129 USD) in the United States. The price of this product is 47.2% lower in Iceland.
One-way Ticket (Local Transport)
The one-way ticket price for local transportation is 3.85 EUR (4.16 USD) in Iceland and 2.54 EUR (2.75 USD) in the United States. The price of this product is 34% lower in the United States.
Taxi 1hour Waiting (Normal Tariff)
The cost of a one-hour taxi stand/wait is 57.15 EUR (61.84 USD) in Iceland and 27.72 EUR (30 USD) in the United States. The price of this product is 51.5% lower in the United States.
Taxi 1km (Normal Tariff)
The fare for each kilometer traveled is 2.9 EUR (3.13 USD) in Iceland and 1.72 EUR (1.86 USD) in the United States. The price of this product is 40.7% lower in the United States.
Taxi Start (Normal Tariff)
The initial fare during a taxi ride is 5.11 EUR (5.53 USD) in Iceland and 4.16 EUR (4.5 USD) in the United States. The price of this product is 18.6% 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 12.94 EUR (14 USD) in Iceland and 16.63 EUR (18 USD) in the United States. The price of this product is 22.2% lower in Iceland.
Fitness Club, Monthly Fee for 1 Adult
The monthly fee for entry to the fitness club is 62.96 EUR (68.13 USD) in Iceland and 90.8 EUR (98.26 USD) in the United States. The price of this product is 30.7% lower in Iceland.
Tennis Court Rent (1 Hour on Weekend)
The cost of renting a tennis court for one hour on the weekend is 43.25 EUR (46.8 USD) in Iceland and 35.12 EUR (38 USD) in the United States. The price of this product is 18.8% lower in the United States.
Flats for rent
Iceland vs. United States - costs of renting an apartment. You would pay about 2.35 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 1520 EUR (1644.7 USD) in Iceland and 3512 EUR (3800.48 USD) in the United States. The price of this product is 56.7% 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 1287 EUR (1393.13 USD) in Iceland and 2199 EUR (2380.18 USD) in the United States. The price of this product is 41.5% 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 2201 EUR (2381.86 USD) in Iceland and 6556 EUR (7094.09 USD) in the United States. The price of this product is 66.4% 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 1832 EUR (1982.08 USD) in Iceland and 3796 EUR (4107.47 USD) in the United States. The price of this product is 51.7% lower in Iceland.
Flats for sale
Iceland vs. United States - costs of purchasing an apartment. You would pay 2.14 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 5874 EUR (6356.96 USD) in Iceland and 13194 EUR (14277.9 USD) in the United States. The price of this product is 55.5% 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 4286 EUR (4638.28 USD) in Iceland and 8571 EUR (9275.19 USD) in the United States. The price of this product is 50% lower in Iceland.
Salary
Iceland vs. United States - average salary. The average salary in Iceland is 1.59 times lower than in the United States.
Average Monthly Net Salary (After Tax)
The average monthly salary after taxes is 3492 EUR (3779.07 USD) in Iceland and 5542 EUR (5996.99 USD) in the United States. The average salary is 37% 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