Cost of Living Comparison Between Iceland and New Zealand 
| Indices Difference |  |
|---|---|
| Cost of Living in New Zealand is 36.4% lower than in Iceland (without rent) | |
| Cost of Living Including Rent in New Zealand is 39.7% lower than in Iceland | |
| Rent Prices in New Zealand are 47.8% lower than in Iceland | |
| Restaurant Prices in New Zealand are 44.5% lower than in Iceland | |
| Groceries Prices in New Zealand are 35.1% lower than in Iceland | |
| Local Purchasing Power in New Zealand is 12.0% higher than in Iceland | |
Restaurants | Iceland Edit |
New Zealand Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
3,000.00 kr (39.96 NZ$) |
1,876.82 kr (25.00 NZ$) |
-37.4 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
18,000.00 kr (239.77 NZ$) |
9,384.11 kr (125.00 NZ$) |
-47.9 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
2,500.00 kr (33.30 NZ$) |
1,126.09 kr (15.00 NZ$) |
-55.0 % |
| Domestic Beer (1 pint draught) |
1,500.00 kr (19.98 NZ$) |
825.80 kr (11.00 NZ$) |
-44.9 % |
| Imported Beer (12 oz small bottle) |
1,300.00 kr (17.32 NZ$) |
825.80 kr (11.00 NZ$) |
-36.5 % |
| Cappuccino (regular) |
749.67 kr (9.99 NZ$) |
426.73 kr (5.68 NZ$) |
-43.1 % |
| Coke/Pepsi (12 oz small bottle) |
413.44 kr (5.51 NZ$) |
284.36 kr (3.79 NZ$) |
-31.2 % |
| Water (12 oz small bottle) |
330.56 kr (4.40 NZ$) |
262.26 kr (3.49 NZ$) |
-20.7 % |
Markets | Iceland Edit |
New Zealand Edit | |
| Milk (regular), (1 gallon) |
876.70 kr (11.68 NZ$) |
846.36 kr (11.27 NZ$) |
-3.5 % |
| Loaf of Fresh White Bread (1 lb) |
461.85 kr (6.15 NZ$) |
219.75 kr (2.93 NZ$) |
-52.4 % |
| Rice (white), (1 lb) |
197.27 kr (2.63 NZ$) |
105.51 kr (1.41 NZ$) |
-46.5 % |
| Eggs (regular) (12) |
806.59 kr (10.74 NZ$) |
804.88 kr (10.72 NZ$) |
-0.2 % |
| Local Cheese (1 lb) |
1,016.48 kr (13.54 NZ$) |
467.08 kr (6.22 NZ$) |
-54.0 % |
| Chicken Fillets (1 lb) |
1,328.49 kr (17.70 NZ$) |
537.47 kr (7.16 NZ$) |
-59.5 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
2,382.84 kr (31.74 NZ$) |
733.73 kr (9.77 NZ$) |
-69.2 % |
| Apples (1 lb) |
174.20 kr (2.32 NZ$) |
157.96 kr (2.10 NZ$) |
-9.3 % |
| Banana (1 lb) |
139.94 kr (1.86 NZ$) |
128.27 kr (1.71 NZ$) |
-8.3 % |
| Oranges (1 lb) |
164.96 kr (2.20 NZ$) |
172.91 kr (2.30 NZ$) |
+4.8 % |
| Tomato (1 lb) |
294.68 kr (3.93 NZ$) |
270.74 kr (3.61 NZ$) |
-8.1 % |
| Potato (1 lb) |
205.46 kr (2.74 NZ$) |
117.86 kr (1.57 NZ$) |
-42.6 % |
| Onion (1 lb) |
126.38 kr (1.68 NZ$) |
100.35 kr (1.34 NZ$) |
-20.6 % |
| Lettuce (1 head) |
424.75 kr (5.66 NZ$) |
293.98 kr (3.92 NZ$) |
-30.8 % |
| Water (1.5 liter bottle) |
293.00 kr (3.90 NZ$) |
141.72 kr (1.89 NZ$) |
-51.6 % |
| Bottle of Wine (Mid-Range) |
3,000.00 kr (39.96 NZ$) |
1,201.17 kr (16.00 NZ$) |
-60.0 % |
| Domestic Beer (0.5 liter bottle) |
459.45 kr (6.12 NZ$) |
367.87 kr (4.90 NZ$) |
-19.9 % |
| Imported Beer (12 oz small bottle) |
383.18 kr (5.10 NZ$) |
433.75 kr (5.78 NZ$) |
+13.2 % |
| Cigarettes 20 Pack (Marlboro) |
1,725.00 kr (22.98 NZ$) |
3,002.91 kr (40.00 NZ$) |
+74.1 % |
Transportation | Iceland Edit |
New Zealand Edit | |
| One-way Ticket (Local Transport) |
640.00 kr (8.53 NZ$) |
300.29 kr (4.00 NZ$) |
-53.1 % |
| Monthly Pass (Regular Price) |
10,400.00 kr (138.53 NZ$) |
15,014.57 kr (200.00 NZ$) |
+44.4 % |
| Taxi Start (Normal Tariff) |
790.00 kr (10.52 NZ$) |
300.29 kr (4.00 NZ$) |
-62.0 % |
| Taxi 1 mile (Normal Tariff) |
521.43 kr (6.95 NZ$) |
405.34 kr (5.40 NZ$) |
-22.3 % |
| Taxi 1hour Waiting (Normal Tariff) |
10,620.00 kr (141.46 NZ$) |
4,504.37 kr (60.00 NZ$) |
-57.6 % |
| Gasoline (1 gallon) |
1,182.00 kr (15.74 NZ$) |
798.29 kr (10.63 NZ$) |
-32.5 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
5,890,000.00 kr (78,457.12 NZ$) |
3,415,439.53 kr (45,495.00 NZ$) |
-42.0 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
6,666,666.67 kr (88,802.63 NZ$) |
2,701,229.53 kr (35,981.44 NZ$) |
-59.5 % |
Utilities (Monthly) | Iceland Edit |
New Zealand Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
10,924.64 kr (145.52 NZ$) |
17,162.47 kr (228.61 NZ$) |
+57.1 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
3,427.78 kr (45.66 NZ$) |
4,369.58 kr (58.20 NZ$) |
+27.5 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
10,263.65 kr (136.72 NZ$) |
6,469.58 kr (86.18 NZ$) |
-37.0 % |
Sports And Leisure | Iceland Edit |
New Zealand Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
10,002.92 kr (133.24 NZ$) |
4,592.10 kr (61.17 NZ$) |
-54.1 % |
| Tennis Court Rent (1 Hour on Weekend) |
5,271.43 kr (70.22 NZ$) |
1,930.71 kr (25.72 NZ$) |
-63.4 % |
| Cinema, International Release, 1 Seat |
2,190.00 kr (29.17 NZ$) |
1,501.46 kr (20.00 NZ$) |
-31.4 % |
Childcare | Iceland Edit |
New Zealand Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
42,475.25 kr (565.79 NZ$) |
97,121.34 kr (1,293.69 NZ$) |
+128.7 % |
| International Primary School, Yearly for 1 Child |
3,744,295.00 kr (49,875.48 NZ$) |
1,475,605.40 kr (19,655.65 NZ$) |
-60.6 % |
Clothing And Shoes | Iceland Edit |
New Zealand Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
17,778.42 kr (236.82 NZ$) |
8,498.80 kr (113.21 NZ$) |
-52.2 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
7,831.11 kr (104.31 NZ$) |
5,369.07 kr (71.52 NZ$) |
-31.4 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
22,042.86 kr (293.62 NZ$) |
12,062.38 kr (160.68 NZ$) |
-45.3 % |
| 1 Pair of Men Leather Business Shoes |
31,233.82 kr (416.05 NZ$) |
14,764.06 kr (196.66 NZ$) |
-52.7 % |
Rent Per Month | Iceland Edit |
New Zealand Edit | |
| Apartment (1 bedroom) in City Centre |
277,291.67 kr (3,693.63 NZ$) |
136,377.07 kr (1,816.60 NZ$) |
-50.8 % |
| Apartment (1 bedroom) Outside of Centre |
249,310.34 kr (3,320.91 NZ$) |
114,944.38 kr (1,531.10 NZ$) |
-53.9 % |
| Apartment (3 bedrooms) in City Centre |
393,961.54 kr (5,247.72 NZ$) |
217,702.56 kr (2,899.88 NZ$) |
-44.7 % |
| Apartment (3 bedrooms) Outside of Centre |
338,074.07 kr (4,503.28 NZ$) |
187,801.54 kr (2,501.59 NZ$) |
-44.4 % |
Buy Apartment Price | Iceland Edit |
New Zealand Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
85,617.11 kr (1,140.45 NZ$) |
58,418.28 kr (778.15 NZ$) |
-31.8 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
72,524.16 kr (966.05 NZ$) |
48,507.33 kr (646.14 NZ$) |
-33.1 % |
Salaries And Financing | Iceland Edit |
New Zealand Edit | |
| Average Monthly Net Salary (After Tax) |
556,090.69 kr (7,407.35 NZ$) |
375,552.37 kr (5,002.51 NZ$) |
-32.5 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 9.72 | 6.76 | -30.4 % |
| Last update: | March 2025 | March 2025 | |
| Contributors in the past 12 months: | 143 | 468 |
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