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  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.

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Country #2
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New York, NYNew York, NY
ReykjavíkReykjavík

Table of contents

Grocery

EURUSDISK

United States vs. Iceland - grocery purchase prices. You would pay on average 1.13 times less for grocery shopping in the United States than in Iceland.

Apples (1kg)

One kilogram of apples costs 6.35 EUR (7.41 USD) in the United States and 2.88 EUR (3.36 USD) in Iceland. The price of this product is 54.6% lower in Iceland.

6.35 EUR
2.88 EUR

Banana (1kg)

1 kilogram of bananas costs 2.16 EUR (2.52 USD) in the United States and 2.17 EUR (2.53 USD) in Iceland. The price of this product is 0.5% lower in the United States.

2.16 EUR
2.17 EUR

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

One kilogram of beef or similar meat costs 17.1 EUR (19.94 USD) in the United States and 37.21 EUR (43.38 USD) in Iceland. The price of this product is 54% lower in the United States.

17.10 EUR
37.21 EUR

Bottle of Wine (Mid-Range)

A bottle of medium-grade wine costs 15.44 EUR (18 USD) in the United States and 21.15 EUR (24.66 USD) in Iceland. The price of this product is 27% lower in the United States.

15.44 EUR
21.15 EUR

Chicken Fillets (1kg)

One kilogram of chicken fillet costs 13.79 EUR (16.08 USD) in the United States and 21.13 EUR (24.64 USD) in Iceland. The price of this product is 34.7% lower in the United States.

13.79 EUR
21.13 EUR

Cigarettes 20 Pack (Marlboro)

A pack of 20 cigarettes costs 16.29 EUR (19 USD) in the United States and 11.99 EUR (13.98 USD) in Iceland. The price of this product is 26.4% lower in Iceland.

16.29 EUR
11.99 EUR

Domestic Beer (0.5 liter bottle)

Domestic beer in a 0.5 liter bottle costs 2.86 EUR (3.34 USD) in the United States and 3.19 EUR (3.72 USD) in Iceland. The price of this product is 10.3% lower in the United States.

2.86 EUR
3.19 EUR

Eggs (regular) (12)

You will pay 6.17 EUR (7.19 USD) for 12 eggs in the United States and 5.59 EUR (6.51 USD) in Iceland. The price of this product is 9.4% lower in Iceland.

6.17 EUR
5.59 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 2.96 EUR (3.45 USD) in Iceland. The price of this product is 9.5% lower in Iceland.

3.27 EUR
2.96 EUR

Johnnie Walker Red Label Whisky 0.7 Litre

21.43 EUR
-

Lettuce (1 head)

One head of lettuce costs 2.52 EUR (2.94 USD) in the United States and 2.73 EUR (3.18 USD) in Iceland. The price of this product is 7.7% lower in the United States.

2.52 EUR
2.73 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 3.74 EUR (4.36 USD) in Iceland. The price of this product is 13% lower in Iceland.

4.30 EUR
3.74 EUR

Local Cheese (1kg)

One kilogram of locally produced cheese costs 14.72 EUR (17.16 USD) in the United States and 16.02 EUR (18.68 USD) in Iceland. The price of this product is 8.1% lower in the United States.

14.72 EUR
16.02 EUR

Milk (regular), (1 liter)

One liter of milk costs 1.36 EUR (1.59 USD) in the United States and 1.68 EUR (1.96 USD) in Iceland. The price of this product is 19% lower in the United States.

1.36 EUR
1.68 EUR

Onion (1kg)

One kilogram of onions costs 3.44 EUR (4.01 USD) in the United States and 2.09 EUR (2.43 USD) in Iceland. The price of this product is 39.2% lower in Iceland.

3.44 EUR
2.09 EUR

Oranges (1kg)

One kilogram of oranges costs 4.91 EUR (5.72 USD) in the United States and 2.68 EUR (3.12 USD) in Iceland. The price of this product is 45.4% lower in Iceland.

4.91 EUR
2.68 EUR

Potato (1kg)

One kilogram of potatoes costs 3.21 EUR (3.74 USD) in the United States and 3.16 EUR (3.69 USD) in Iceland. The price of this product is 1.6% lower in Iceland.

3.21 EUR
3.16 EUR

Rice (white), (1kg)

One kilogram of white rice costs 7.09 EUR (8.27 USD) in the United States and 3.2 EUR (3.73 USD) in Iceland. The price of this product is 54.9% lower in Iceland.

7.09 EUR
3.20 EUR

Smirnoff Red Label Vodka 0.7 Litre

7.70 EUR
-

Tomato (1kg)

One kilogram of tomatoes costs 5.46 EUR (6.37 USD) in the United States and 4.39 EUR (5.12 USD) in Iceland. The price of this product is 19.6% lower in Iceland.

5.46 EUR
4.39 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 1.72 EUR (2.01 USD) in Iceland. The price of this product is 19.6% lower in Iceland.

2.14 EUR
1.72 EUR

Restaurant

EURUSDISK

United States vs. Iceland - expenses on meals in restaurants. You would pay 1.12 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 5.36 EUR (6.25 USD) in Iceland. The price of this product is 6.2% lower in the United States.

5.03 EUR
5.36 EUR

Coke/Pepsi (0.33 liter bottle)

A 0.33 liter bottle of Coca-Cola or Pepsi costs 2.83 EUR (3.3 USD) in the United States and 2.87 EUR (3.35 USD) in Iceland. The price of this product is 1.4% lower in the United States.

2.83 EUR
2.87 EUR

Domestic Beer (0.5 liter draught)

Domestic beer with a capacity of 0.5 liters costs 6.86 EUR (8 USD) in the United States and 11.28 EUR (13.15 USD) in Iceland. The price of this product is 39.2% lower in the United States.

6.86 EUR
11.28 EUR

Imported Beer (0.33 liter bottle)

A 0.33 liter bottle of imported beer costs 10.29 EUR (12 USD) in the United States and 9.87 EUR (11.51 USD) in Iceland. The price of this product is 4.1% lower in Iceland.

10.29 EUR
9.87 EUR

McMeal at McDonalds (or Equivalent Combo Meal)

A McMeal or similar meal at McDonald's costs 10.29 EUR (12 USD) in the United States and 19.74 EUR (23.02 USD) in Iceland. The price of this product is 47.9% lower in the United States.

10.29 EUR
19.74 EUR

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

A three-course meal for two people at a mid-range restaurant costs 120.06 EUR (140 USD) in the United States and 126.92 EUR (147.99 USD) in Iceland. The price of this product is 5.4% lower in the United States.

120.06 EUR
126.92 EUR

Meal, Inexpensive Restaurant

A meal at an inexpensive restaurant costs 22.3 EUR (26 USD) in the United States and 23.62 EUR (27.54 USD) in Iceland. The price of this product is 5.6% lower in the United States.

22.30 EUR
23.62 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 2.3 EUR (2.68 USD) in Iceland. The price of this product is 4.8% lower in the United States.

2.19 EUR
2.30 EUR

Fuel

EURUSDISK

United States vs. Iceland - expenses related to fuel. You would pay 2.71 times less for fuel in the United States than in Iceland.

Diesel 1L

A liter of diesel costs 0.84 EUR (0.99 USD) in the United States and 2.28 EUR (2.65 USD) in Iceland. The price of this product is 63.2% lower in the United States.

0.84 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 1.04 times less for transportation in the United States than in Iceland.

Monthly Pass (Regular Price)

The monthly ticket price for public transportation is 113.2 EUR (132 USD) in the United States and 76.15 EUR (88.79 USD) in Iceland. The price of this product is 32.7% lower in Iceland.

113.20 EUR
76.15 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 4.58 EUR (5.34 USD) in Iceland. The price of this product is 45.6% lower in the United States.

2.49 EUR
4.58 EUR

Taxi 1hour Waiting (Normal Tariff)

The cost of a one-hour taxi stand/wait is 36.02 EUR (42 USD) in the United States and 75.51 EUR (88.05 USD) in Iceland. The price of this product is 52.3% lower in the United States.

36.02 EUR
75.51 EUR

Taxi 1km (Normal Tariff)

The fare for each kilometer traveled is 1.86 EUR (2.17 USD) in the United States and 2.28 EUR (2.66 USD) in Iceland. The price of this product is 18.4% lower in the United States.

1.86 EUR
2.28 EUR

Taxi Start (Normal Tariff)

The initial fare during a taxi ride is 4.28 EUR (4.99 USD) in the United States and 5.57 EUR (6.5 USD) in Iceland. The price of this product is 23.2% lower in the United States.

4.28 EUR
5.57 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 17.15 EUR (20 USD) in the United States and 15.44 EUR (18.01 USD) in Iceland. The price of this product is 10% lower in Iceland.

17.15 EUR
15.44 EUR

Fitness Club, Monthly Fee for 1 Adult

The monthly fee for entry to the fitness club is 135.3 EUR (157.77 USD) in the United States and 72.82 EUR (84.91 USD) in Iceland. The price of this product is 46.2% lower in Iceland.

135.30 EUR
72.82 EUR

Tennis Court Rent (1 Hour on Weekend)

The cost of renting a tennis court for one hour on the weekend is 55.74 EUR (65 USD) in the United States and 39.84 EUR (46.45 USD) in Iceland. The price of this product is 28.5% lower in Iceland.

55.74 EUR
39.84 EUR

Flats for rent

EURUSDISK

United States vs. Iceland - costs of renting an apartment. You would pay about 1.93 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 3480 EUR (4057.67 USD) in the United States and 1942 EUR (2264.87 USD) in Iceland. The price of this product is 44.2% lower in Iceland.

3 480 EUR
1 942 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 2181 EUR (2543.17 USD) in the United States and 1780 EUR (2075.97 USD) in Iceland. The price of this product is 18.4% lower in Iceland.

2 181 EUR
1 780 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 7051 EUR (8221.43 USD) in the United States and 2789 EUR (3252.01 USD) in Iceland. The price of this product is 60.4% lower in Iceland.

7 051 EUR
2 789 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 4482 EUR (5226.67 USD) in the United States and 2406 EUR (2805.83 USD) in Iceland. The price of this product is 46.3% lower in Iceland.

4 482 EUR
2 406 EUR

Flats for sale

EURUSDISK

United States vs. Iceland - costs of purchasing an apartment. You would pay 2.05 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 14884 EUR (17355.2 USD) in the United States and 6692 EUR (7803.72 USD) in Iceland. The price of this product is 55% lower in Iceland.

14 884 EUR
6 692 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 10442 EUR (12176.1 USD) in the United States and 5659 EUR (6598.9 USD) in Iceland. The price of this product is 45.8% lower in Iceland.

10 442 EUR
5 659 EUR

Salary

EURUSDISK

United States vs. Iceland - average salary. The average salary in the United States is 1.19 times higher than in Iceland.

Average Monthly Net Salary (After Tax)

The average monthly salary after taxes is 4413 EUR (5145.25 USD) in the United States and 3696 EUR (4310.15 USD) in Iceland. The average salary is 16.2% lower in Iceland.

4 413 EUR
3 696 EUR

Hotels

EURUSDISK

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

One star

89 EUR
-

Two stars

125 EUR
148 EUR

Three stars

167 EUR
197 EUR

Four stars

216 EUR
314 EUR

Five stars

515 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

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