Trek Zone
  1. Trek Zone
  2. Country Comparison
  3. Cost of Living & Prices: United States vs. Iceland

Cost of Living & Prices:
United States 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.

ShareTweet
Convert prices to %
Country #1
Country #2
City
New York, NYNew York, NY
ReykjavíkReykjavík

Table of contents

Grocery

EURUSDISK

United States vs. Iceland - grocery purchase prices. You would pay on average 1.1 times less for grocery shopping in the United States than in Iceland.

Apples (1kg)

One kilogram of apples costs 6.37 EUR (7.41 USD) in the United States and 2.82 EUR (3.28 USD) in Iceland. The price of this product is 55.7% lower in Iceland.

6.37 EUR
2.82 EUR

Banana (1kg)

1 kilogram of bananas costs 2.17 EUR (2.52 USD) in the United States and 2.13 EUR (2.48 USD) in Iceland. The price of this product is 1.8% lower in Iceland.

2.17 EUR
2.13 EUR

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

One kilogram of beef or similar meat costs 17.13 EUR (19.94 USD) in the United States and 36.47 EUR (42.45 USD) in Iceland. The price of this product is 53% lower in the United States.

17.13 EUR
36.47 EUR

Bottle of Wine (Mid-Range)

A bottle of medium-grade wine costs 15.46 EUR (18 USD) in the United States and 20.73 EUR (24.13 USD) in Iceland. The price of this product is 25.4% lower in the United States.

15.46 EUR
20.73 EUR

Chicken Fillets (1kg)

One kilogram of chicken fillet costs 13.82 EUR (16.08 USD) in the United States and 20.71 EUR (24.1 USD) in Iceland. The price of this product is 33.3% lower in the United States.

13.82 EUR
20.71 EUR

Cigarettes 20 Pack (Marlboro)

A pack of 20 cigarettes costs 16.32 EUR (19 USD) in the United States and 11.75 EUR (13.68 USD) in Iceland. The price of this product is 28% lower in Iceland.

16.32 EUR
11.75 EUR

Domestic Beer (0.5 liter bottle)

Domestic beer in a 0.5 liter bottle costs 2.87 EUR (3.34 USD) in the United States and 3.13 EUR (3.64 USD) in Iceland. The price of this product is 8.3% lower in the United States.

2.87 EUR
3.13 EUR

Eggs (regular) (12)

You will pay 6.18 EUR (7.19 USD) for 12 eggs in the United States and 5.48 EUR (6.37 USD) in Iceland. The price of this product is 11.3% lower in Iceland.

6.18 EUR
5.48 EUR

Imported Beer (0.33 liter bottle)

A 0.33 liter bottle of imported beer costs 3.27 EUR (3.81 USD) in the United States and 2.9 EUR (3.38 USD) in Iceland. The price of this product is 11.3% lower in Iceland.

3.27 EUR
2.90 EUR

Johnnie Walker Red Label Whisky 0.7 Litre

21.47 EUR
-

Lettuce (1 head)

One head of lettuce costs 2.53 EUR (2.94 USD) in the United States and 2.67 EUR (3.11 USD) in Iceland. The price of this product is 5.2% lower in the United States.

2.53 EUR
2.67 EUR

Loaf of Fresh White Bread (500g)

One loaf of fresh white bread costs 4.3 EUR (5.01 USD) in the United States and 3.67 EUR (4.27 USD) in Iceland. The price of this product is 14.7% lower in Iceland.

4.30 EUR
3.67 EUR

Local Cheese (1kg)

One kilogram of locally produced cheese costs 14.74 EUR (17.16 USD) in the United States and 15.7 EUR (18.28 USD) in Iceland. The price of this product is 6.1% lower in the United States.

14.74 EUR
15.70 EUR

Milk (regular), (1 liter)

One liter of milk costs 1.37 EUR (1.59 USD) in the United States and 1.65 EUR (1.92 USD) in Iceland. The price of this product is 17% lower in the United States.

1.37 EUR
1.65 EUR

Onion (1kg)

One kilogram of onions costs 3.45 EUR (4.01 USD) in the United States and 2.05 EUR (2.38 USD) in Iceland. The price of this product is 40.6% lower in Iceland.

3.45 EUR
2.05 EUR

Oranges (1kg)

One kilogram of oranges costs 4.91 EUR (5.72 USD) in the United States and 2.63 EUR (3.06 USD) in Iceland. The price of this product is 46.4% lower in Iceland.

4.91 EUR
2.63 EUR

Potato (1kg)

One kilogram of potatoes costs 3.21 EUR (3.74 USD) in the United States and 3.1 EUR (3.61 USD) in Iceland. The price of this product is 3.4% lower in Iceland.

3.21 EUR
3.10 EUR

Rice (white), (1kg)

One kilogram of white rice costs 7.11 EUR (8.27 USD) in the United States and 3.14 EUR (3.65 USD) in Iceland. The price of this product is 55.8% lower in Iceland.

7.11 EUR
3.14 EUR

Smirnoff Red Label Vodka 0.7 Litre

7.72 EUR
-

Tomato (1kg)

One kilogram of tomatoes costs 5.47 EUR (6.37 USD) in the United States and 4.3 EUR (5.01 USD) in Iceland. The price of this product is 21.4% lower in Iceland.

5.47 EUR
4.30 EUR

Water (1.5 liter bottle)

A 1.5 liter bottle of water costs 2.14 EUR (2.49 USD) in the United States and 1.69 EUR (1.97 USD) in Iceland. The price of this product is 21% lower in Iceland.

2.14 EUR
1.69 EUR

Restaurant

EURUSDISK

United States vs. Iceland - expenses on meals in restaurants. You would pay 1.1 times less for meals in restaurants in the United States than in Iceland.

Cappuccino (regular)

For a cappuccino in a restaurant, you'll pay 5.03 EUR (5.86 USD) in the United States and 5.26 EUR (6.12 USD) in Iceland. The price of this product is 4.4% lower in the United States.

5.03 EUR
5.26 EUR

Coke/Pepsi (0.33 liter bottle)

A 0.33 liter bottle of Coca-Cola or Pepsi costs 2.84 EUR (3.3 USD) in the United States and 2.81 EUR (3.27 USD) in Iceland. The price of this product is 1.1% lower in Iceland.

2.84 EUR
2.81 EUR

Domestic Beer (0.5 liter draught)

Domestic beer with a capacity of 0.5 liters costs 6.87 EUR (8 USD) in the United States and 11.06 EUR (12.87 USD) in Iceland. The price of this product is 37.9% lower in the United States.

6.87 EUR
11.06 EUR

Imported Beer (0.33 liter bottle)

A 0.33 liter bottle of imported beer costs 10.31 EUR (12 USD) in the United States and 9.68 EUR (11.26 USD) in Iceland. The price of this product is 6.1% lower in Iceland.

10.31 EUR
9.68 EUR

McMeal at McDonalds (or Equivalent Combo Meal)

A McMeal or similar meal at McDonald's costs 10.31 EUR (12 USD) in the United States and 19.35 EUR (22.52 USD) in Iceland. The price of this product is 46.7% lower in the United States.

10.31 EUR
19.35 EUR

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

A three-course meal for two people at a mid-range restaurant costs 120.28 EUR (140 USD) in the United States and 124.4 EUR (144.8 USD) in Iceland. The price of this product is 3.3% lower in the United States.

120.28 EUR
124.40 EUR

Meal, Inexpensive Restaurant

A meal at an inexpensive restaurant costs 22.34 EUR (26 USD) in the United States and 23.15 EUR (26.95 USD) in Iceland. The price of this product is 3.5% lower in the United States.

22.34 EUR
23.15 EUR

Water (0.33 liter bottle)

A 0.33 liter bottle of water costs 2.19 EUR (2.55 USD) in the United States and 2.25 EUR (2.62 USD) in Iceland. The price of this product is 2.7% lower in the United States.

2.19 EUR
2.25 EUR

Fuel

EURUSDISK

United States vs. Iceland - expenses related to fuel. You would pay 2.7 times less for fuel in the United States than in Iceland.

Diesel 1L

A liter of diesel costs 0.85 EUR (0.99 USD) in the United States and 2.28 EUR (2.65 USD) in Iceland. The price of this product is 62.7% lower in the United States.

0.85 EUR
2.28 EUR

Gasoline 1L

A liter of gasoline costs 0.8 EUR (0.93 USD) in the United States and 2.17 EUR (2.53 USD) in Iceland. The price of this product is 63.1% lower in the United States.

0.80 EUR
2.17 EUR

Transportation

EURUSDISK

United States vs. Iceland - costs of transportation and public communication. You would pay 1.02 times less for transportation in the United States than in Iceland.

Monthly Pass (Regular Price)

The monthly ticket price for public transportation is 113.41 EUR (132 USD) in the United States and 74.64 EUR (86.88 USD) in Iceland. The price of this product is 34.2% lower in Iceland.

113.41 EUR
74.64 EUR

One-way Ticket (Local Transport)

The one-way ticket price for local transportation is 2.49 EUR (2.9 USD) in the United States and 4.49 EUR (5.23 USD) in Iceland. The price of this product is 44.5% lower in the United States.

2.49 EUR
4.49 EUR

Taxi 1hour Waiting (Normal Tariff)

The cost of a one-hour taxi stand/wait is 36.08 EUR (42 USD) in the United States and 74.02 EUR (86.16 USD) in Iceland. The price of this product is 51.3% lower in the United States.

36.08 EUR
74.02 EUR

Taxi 1km (Normal Tariff)

The fare for each kilometer traveled is 1.86 EUR (2.17 USD) in the United States and 2.24 EUR (2.61 USD) in Iceland. The price of this product is 17% lower in the United States.

1.86 EUR
2.24 EUR

Taxi Start (Normal Tariff)

The initial fare during a taxi ride is 4.29 EUR (4.99 USD) in the United States and 5.46 EUR (6.36 USD) in Iceland. The price of this product is 21.4% lower in the United States.

4.29 EUR
5.46 EUR

Sports & entertainment

EURUSDISK

United States vs. Iceland - costs related to entertainment and sports.

Cinema, International Release, 1 Seat

The ticket price for a foreign film in the cinema is 17.18 EUR (20 USD) in the United States and 15.14 EUR (17.62 USD) in Iceland. The price of this product is 11.9% lower in Iceland.

17.18 EUR
15.14 EUR

Fitness Club, Monthly Fee for 1 Adult

The monthly fee for entry to the fitness club is 135.55 EUR (157.77 USD) in the United States and 71.37 EUR (83.08 USD) in Iceland. The price of this product is 47.3% lower in Iceland.

135.55 EUR
71.37 EUR

Tennis Court Rent (1 Hour on Weekend)

The cost of renting a tennis court for one hour on the weekend is 55.84 EUR (65 USD) in the United States and 39.05 EUR (45.45 USD) in Iceland. The price of this product is 30.1% lower in Iceland.

55.84 EUR
39.05 EUR

Flats for rent

EURUSDISK

United States vs. Iceland - costs of renting an apartment. You would pay about 1.97 times more for renting an apartment in the United States 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 3486 EUR (4057.67 USD) in the United States and 1904 EUR (2216.04 USD) in Iceland. The price of this product is 45.4% lower in Iceland.

3 486 EUR
1 904 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 2185 EUR (2543.17 USD) in the United States and 1745 EUR (2031.21 USD) in Iceland. The price of this product is 20.1% lower in Iceland.

2 185 EUR
1 745 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 7063 EUR (8221.43 USD) in the United States and 2734 EUR (3181.9 USD) in Iceland. The price of this product is 61.3% lower in Iceland.

7 063 EUR
2 734 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 4490 EUR (5226.67 USD) in the United States and 2359 EUR (2745.34 USD) in Iceland. The price of this product is 47.5% lower in Iceland.

4 490 EUR
2 359 EUR

Flats for sale

EURUSDISK

United States vs. Iceland - costs of purchasing an apartment. You would pay 2.1 times more for buying an apartment in the United States 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 14911 EUR (17355.2 USD) in the United States and 6560 EUR (7635.48 USD) in Iceland. The price of this product is 56% lower in Iceland.

14 911 EUR
6 560 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 10461 EUR (12176.1 USD) in the United States and 5547 EUR (6456.63 USD) in Iceland. The price of this product is 47% lower in Iceland.

10 461 EUR
5 547 EUR

Salary

EURUSDISK

United States vs. Iceland - average salary. The average salary in the United States is 1.22 times higher than in Iceland.

Average Monthly Net Salary (After Tax)

The average monthly salary after taxes is 4421 EUR (5145.25 USD) in the United States and 3623 EUR (4217.23 USD) in Iceland. The average salary is 18.1% lower in Iceland.

4 421 EUR
3 623 EUR

Hotels

EURUSDISK

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

One star

89.1 EUR
-

Two stars

126 EUR
148 EUR

Three stars

168 EUR
197 EUR

Four stars

217 EUR
315 EUR

Five stars

516 EUR
-

Average accommodation prices based on Expedia.com data • Update: 15 Dec 2024 (1 night stay for 2 people on 29 Dec 2024) • United States: 20 cities, 3762 hotels • Iceland: 11 cities, 117 hotels

Explore more about prices, cost of living and travel budget Prices in the United States Prices in Iceland

Countries Frequently Compared
(Cost of Living & Prices)

flagUnited States vs.
flagCyprusflagUnited Kingdom vs.
flagIsraelflagCanada vs.
flagPakistanflagUnited Kingdom vs.
flagBurkina FasoflagUnited Kingdom vs.
flagNetherlandsflagCanada vs.
flagMontserratflagUnited States vs.
flagNew CaledoniaflagUnited Kingdom vs.
flagSaint Martin