Cost of Living Comparison Between Iceland and India 
| Indices Difference |  |
|---|---|
| Cost of Living in India is 78.1% lower than in Iceland (without rent) | |
| Cost of Living Including Rent in India is 81.4% lower than in Iceland | |
| Rent Prices in India are 89.3% lower than in Iceland | |
| Restaurant Prices in India are 83.5% lower than in Iceland | |
| Groceries Prices in India are 76.9% lower than in Iceland | |
| Local Purchasing Power in India is 29.5% lower than in Iceland | |
Restaurants | Iceland Edit |
India Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
3,000.00 kr (1,949.73 ₹) |
384.67 kr (250.00 ₹) |
-87.2 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
18,000.00 kr (11,698.36 ₹) |
1,846.41 kr (1,200.00 ₹) |
-89.7 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
2,500.00 kr (1,624.77 ₹) |
538.54 kr (350.00 ₹) |
-78.5 % |
| Domestic Beer (1 pint draught) |
1,500.00 kr (974.86 ₹) |
261.58 kr (170.00 ₹) |
-82.6 % |
| Imported Beer (12 oz small bottle) |
1,300.00 kr (844.88 ₹) |
461.60 kr (300.00 ₹) |
-64.5 % |
| Cappuccino (regular) |
749.67 kr (487.21 ₹) |
246.86 kr (160.44 ₹) |
-67.1 % |
| Coke/Pepsi (12 oz small bottle) |
413.44 kr (268.70 ₹) |
56.90 kr (36.98 ₹) |
-86.2 % |
| Water (12 oz small bottle) |
330.56 kr (214.83 ₹) |
22.51 kr (14.63 ₹) |
-93.2 % |
Markets | Iceland Edit |
India Edit | |
| Milk (regular), (1 gallon) |
876.70 kr (569.78 ₹) |
350.58 kr (227.84 ₹) |
-60.0 % |
| Loaf of Fresh White Bread (1 lb) |
461.85 kr (300.16 ₹) |
59.70 kr (38.80 ₹) |
-87.1 % |
| Rice (white), (1 lb) |
197.27 kr (128.21 ₹) |
42.49 kr (27.61 ₹) |
-78.5 % |
| Eggs (regular) (12) |
806.59 kr (524.21 ₹) |
127.91 kr (83.13 ₹) |
-84.1 % |
| Local Cheese (1 lb) |
1,016.48 kr (660.62 ₹) |
317.86 kr (206.58 ₹) |
-68.7 % |
| Chicken Fillets (1 lb) |
1,328.49 kr (863.40 ₹) |
189.27 kr (123.01 ₹) |
-85.8 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
2,382.84 kr (1,548.63 ₹) |
343.35 kr (223.15 ₹) |
-85.6 % |
| Apples (1 lb) |
174.20 kr (113.21 ₹) |
127.38 kr (82.78 ₹) |
-26.9 % |
| Banana (1 lb) |
139.94 kr (90.95 ₹) |
43.74 kr (28.43 ₹) |
-68.7 % |
| Oranges (1 lb) |
164.96 kr (107.21 ₹) |
64.14 kr (41.69 ₹) |
-61.1 % |
| Tomato (1 lb) |
294.68 kr (191.52 ₹) |
34.06 kr (22.14 ₹) |
-88.4 % |
| Potato (1 lb) |
205.46 kr (133.53 ₹) |
25.15 kr (16.34 ₹) |
-87.8 % |
| Onion (1 lb) |
126.38 kr (82.14 ₹) |
28.90 kr (18.78 ₹) |
-77.1 % |
| Lettuce (1 head) |
424.75 kr (276.05 ₹) |
70.29 kr (45.68 ₹) |
-83.5 % |
| Water (1.5 liter bottle) |
293.00 kr (190.43 ₹) |
44.60 kr (28.98 ₹) |
-84.8 % |
| Bottle of Wine (Mid-Range) |
3,000.00 kr (1,949.73 ₹) |
1,077.07 kr (700.00 ₹) |
-64.1 % |
| Domestic Beer (0.5 liter bottle) |
459.45 kr (298.60 ₹) |
246.27 kr (160.05 ₹) |
-46.4 % |
| Imported Beer (12 oz small bottle) |
383.18 kr (249.03 ₹) |
391.47 kr (254.42 ₹) |
+2.2 % |
| Cigarettes 20 Pack (Marlboro) |
1,725.00 kr (1,121.09 ₹) |
538.54 kr (350.00 ₹) |
-68.8 % |
Transportation | Iceland Edit |
India Edit | |
| One-way Ticket (Local Transport) |
640.00 kr (415.94 ₹) |
46.16 kr (30.00 ₹) |
-92.8 % |
| Monthly Pass (Regular Price) |
10,400.00 kr (6,759.05 ₹) |
1,384.81 kr (900.00 ₹) |
-86.7 % |
| Taxi Start (Normal Tariff) |
790.00 kr (513.43 ₹) |
123.09 kr (80.00 ₹) |
-84.4 % |
| Taxi 1 mile (Normal Tariff) |
521.43 kr (338.88 ₹) |
61.91 kr (40.23 ₹) |
-88.1 % |
| Taxi 1hour Waiting (Normal Tariff) |
10,620.00 kr (6,902.03 ₹) |
230.80 kr (150.00 ₹) |
-97.8 % |
| Gasoline (1 gallon) |
1,182.00 kr (768.19 ₹) |
600.51 kr (390.28 ₹) |
-49.2 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
5,890,000.00 kr (3,827,962.77 ₹) |
1,846,412.94 kr (1,200,000.00 ₹) |
-68.7 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
6,666,666.67 kr (4,332,725.26 ₹) |
2,999,289.33 kr (1,949,264.50 ₹) |
-55.0 % |
Utilities (Monthly) | Iceland Edit |
India Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
10,924.64 kr (7,100.02 ₹) |
5,393.88 kr (3,505.53 ₹) |
-50.6 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
3,427.78 kr (2,227.74 ₹) |
502.88 kr (326.83 ₹) |
-85.3 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
10,263.65 kr (6,670.43 ₹) |
1,064.45 kr (691.80 ₹) |
-89.6 % |
Sports And Leisure | Iceland Edit |
India Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
10,002.92 kr (6,500.98 ₹) |
2,137.46 kr (1,389.16 ₹) |
-78.6 % |
| Tennis Court Rent (1 Hour on Weekend) |
5,271.43 kr (3,425.95 ₹) |
999.96 kr (649.88 ₹) |
-81.0 % |
| Cinema, International Release, 1 Seat |
2,190.00 kr (1,423.30 ₹) |
461.60 kr (300.00 ₹) |
-78.9 % |
Childcare | Iceland Edit |
India Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
42,475.25 kr (27,605.04 ₹) |
9,324.58 kr (6,060.12 ₹) |
-78.0 % |
| International Primary School, Yearly for 1 Child |
3,744,295.00 kr (2,433,450.23 ₹) |
241,233.75 kr (156,779.94 ₹) |
-93.6 % |
Clothing And Shoes | Iceland Edit |
India Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
17,778.42 kr (11,554.35 ₹) |
3,425.14 kr (2,226.03 ₹) |
-80.7 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
7,831.11 kr (5,089.51 ₹) |
3,521.19 kr (2,288.45 ₹) |
-55.0 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
22,042.86 kr (14,325.85 ₹) |
6,084.57 kr (3,954.41 ₹) |
-72.4 % |
| 1 Pair of Men Leather Business Shoes |
31,233.82 kr (20,299.14 ₹) |
4,423.10 kr (2,874.61 ₹) |
-85.8 % |
Rent Per Month | Iceland Edit |
India Edit | |
| Apartment (1 bedroom) in City Centre |
277,291.67 kr (180,214.29 ₹) |
24,913.87 kr (16,191.74 ₹) |
-91.0 % |
| Apartment (1 bedroom) Outside of Centre |
249,310.34 kr (162,028.98 ₹) |
15,581.13 kr (10,126.31 ₹) |
-93.8 % |
| Apartment (3 bedrooms) in City Centre |
393,961.54 kr (256,039.07 ₹) |
58,075.87 kr (37,744.02 ₹) |
-85.3 % |
| Apartment (3 bedrooms) Outside of Centre |
338,074.07 kr (219,717.31 ₹) |
35,709.84 kr (23,208.14 ₹) |
-89.4 % |
Buy Apartment Price | Iceland Edit |
India Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
85,617.11 kr (55,643.32 ₹) |
19,941.50 kr (12,960.16 ₹) |
-76.7 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
72,524.16 kr (47,134.09 ₹) |
10,746.02 kr (6,983.93 ₹) |
-85.2 % |
Salaries And Financing | Iceland Edit |
India Edit | |
| Average Monthly Net Salary (After Tax) |
556,090.69 kr (361,408.23 ₹) |
72,962.48 kr (47,418.96 ₹) |
-86.9 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 9.72 | 8.97 | -7.7 % |
| Last update: | March 2025 | March 2025 | |
| Contributors in the past 12 months: | 143 | 4235 |
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