Cost of Living Comparison Between Iceland and Sweden 
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| Indices Difference |  |
|---|---|
| Cost of Living in Sweden is 32.2% lower than in Iceland (without rent) | |
| Cost of Living Including Rent in Sweden is 38.9% lower than in Iceland | |
| Rent Prices in Sweden are 55.2% lower than in Iceland | |
| Restaurant Prices in Sweden are 36.9% lower than in Iceland | |
| Groceries Prices in Sweden are 36.6% lower than in Iceland | |
| Local Purchasing Power in Sweden is 17.4% higher than in Iceland | |
Restaurants | Iceland Edit |
Sweden Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
3,000.00 ISK (227.95 SEK) |
1,842.49 ISK (140.00 SEK) |
-38.6 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
18,000.00 ISK (1,367.72 SEK) |
10,528.49 ISK (800.00 SEK) |
-41.5 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
2,500.00 ISK (189.96 SEK) |
1,401.61 ISK (106.50 SEK) |
-43.9 % |
| Domestic Beer (1 pint draught) |
1,500.00 ISK (113.98 SEK) |
987.05 ISK (75.00 SEK) |
-34.2 % |
| Imported Beer (12 oz small bottle) |
1,300.00 ISK (98.78 SEK) |
987.05 ISK (75.00 SEK) |
-24.1 % |
| Cappuccino (regular) |
749.67 ISK (56.96 SEK) |
584.69 ISK (44.43 SEK) |
-22.0 % |
| Coke/Pepsi (12 oz small bottle) |
413.44 ISK (31.42 SEK) |
344.72 ISK (26.19 SEK) |
-16.6 % |
| Water (12 oz small bottle) |
330.56 ISK (25.12 SEK) |
290.96 ISK (22.11 SEK) |
-12.0 % |
Markets | Iceland Edit |
Sweden Edit | |
| Milk (regular), (1 gallon) |
876.70 ISK (66.62 SEK) |
795.04 ISK (60.41 SEK) |
-9.3 % |
| Loaf of Fresh White Bread (1 lb) |
461.85 ISK (35.09 SEK) |
343.75 ISK (26.12 SEK) |
-25.6 % |
| Rice (white), (1 lb) |
197.27 ISK (14.99 SEK) |
213.53 ISK (16.22 SEK) |
+8.2 % |
| Eggs (regular) (12) |
806.59 ISK (61.29 SEK) |
549.69 ISK (41.77 SEK) |
-31.9 % |
| Local Cheese (1 lb) |
1,016.48 ISK (77.24 SEK) |
683.58 ISK (51.94 SEK) |
-32.8 % |
| Chicken Fillets (1 lb) |
1,328.49 ISK (100.94 SEK) |
702.62 ISK (53.39 SEK) |
-47.1 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
2,382.84 ISK (181.06 SEK) |
1,055.23 ISK (80.18 SEK) |
-55.7 % |
| Apples (1 lb) |
174.20 ISK (13.24 SEK) |
180.06 ISK (13.68 SEK) |
+3.4 % |
| Banana (1 lb) |
139.94 ISK (10.63 SEK) |
155.91 ISK (11.85 SEK) |
+11.4 % |
| Oranges (1 lb) |
164.96 ISK (12.53 SEK) |
179.53 ISK (13.64 SEK) |
+8.8 % |
| Tomato (1 lb) |
294.68 ISK (22.39 SEK) |
255.24 ISK (19.39 SEK) |
-13.4 % |
| Potato (1 lb) |
205.46 ISK (15.61 SEK) |
100.22 ISK (7.62 SEK) |
-51.2 % |
| Onion (1 lb) |
126.38 ISK (9.60 SEK) |
101.47 ISK (7.71 SEK) |
-19.7 % |
| Lettuce (1 head) |
424.75 ISK (32.27 SEK) |
299.34 ISK (22.75 SEK) |
-29.5 % |
| Water (1.5 liter bottle) |
293.00 ISK (22.26 SEK) |
186.90 ISK (14.20 SEK) |
-36.2 % |
| Bottle of Wine (Mid-Range) |
3,000.00 ISK (227.95 SEK) |
1,316.06 ISK (100.00 SEK) |
-56.1 % |
| Domestic Beer (0.5 liter bottle) |
459.45 ISK (34.91 SEK) |
264.69 ISK (20.11 SEK) |
-42.4 % |
| Imported Beer (12 oz small bottle) |
383.18 ISK (29.12 SEK) |
276.44 ISK (21.01 SEK) |
-27.9 % |
| Cigarettes 20 Pack (Marlboro) |
1,725.00 ISK (131.07 SEK) |
947.56 ISK (72.00 SEK) |
-45.1 % |
Transportation | Iceland Edit |
Sweden Edit | |
| One-way Ticket (Local Transport) |
640.00 ISK (48.63 SEK) |
473.78 ISK (36.00 SEK) |
-26.0 % |
| Monthly Pass (Regular Price) |
10,400.00 ISK (790.24 SEK) |
11,186.52 ISK (850.00 SEK) |
+7.6 % |
| Taxi Start (Normal Tariff) |
790.00 ISK (60.03 SEK) |
802.80 ISK (61.00 SEK) |
+1.6 % |
| Taxi 1 mile (Normal Tariff) |
521.43 ISK (39.62 SEK) |
423.60 ISK (32.19 SEK) |
-18.8 % |
| Taxi 1hour Waiting (Normal Tariff) |
10,620.00 ISK (806.95 SEK) |
7,830.57 ISK (595.00 SEK) |
-26.3 % |
| Gasoline (1 gallon) |
1,182.00 ISK (89.81 SEK) |
936.22 ISK (71.14 SEK) |
-20.8 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
5,890,000.00 ISK (447,547.44 SEK) |
4,066,630.36 ISK (309,000.00 SEK) |
-31.0 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
6,666,666.67 ISK (506,561.90 SEK) |
4,240,941.03 ISK (322,244.87 SEK) |
-36.4 % |
Utilities (Monthly) | Iceland Edit |
Sweden Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
10,924.64 ISK (830.10 SEK) |
15,969.49 ISK (1,213.43 SEK) |
+46.2 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
3,427.78 ISK (260.46 SEK) |
3,621.95 ISK (275.21 SEK) |
+5.7 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
10,263.65 ISK (779.88 SEK) |
4,742.42 ISK (360.35 SEK) |
-53.8 % |
Sports And Leisure | Iceland Edit |
Sweden Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
10,002.92 ISK (760.06 SEK) |
5,176.62 ISK (393.34 SEK) |
-48.2 % |
| Tennis Court Rent (1 Hour on Weekend) |
5,271.43 ISK (400.55 SEK) |
3,571.60 ISK (271.39 SEK) |
-32.2 % |
| Cinema, International Release, 1 Seat |
2,190.00 ISK (166.41 SEK) |
2,092.54 ISK (159.00 SEK) |
-4.5 % |
Childcare | Iceland Edit |
Sweden Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
42,475.25 ISK (3,227.45 SEK) |
19,012.20 ISK (1,444.63 SEK) |
-55.2 % |
| International Primary School, Yearly for 1 Child |
3,744,295.00 ISK (284,507.58 SEK) |
312,965.37 ISK (23,780.45 SEK) |
-91.6 % |
Clothing And Shoes | Iceland Edit |
Sweden Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
17,778.42 ISK (1,350.88 SEK) |
11,638.13 ISK (884.31 SEK) |
-34.5 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
7,831.11 ISK (595.04 SEK) |
5,251.07 ISK (399.00 SEK) |
-32.9 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
22,042.86 ISK (1,674.91 SEK) |
12,691.91 ISK (964.39 SEK) |
-42.4 % |
| 1 Pair of Men Leather Business Shoes |
31,233.82 ISK (2,373.28 SEK) |
18,164.54 ISK (1,380.22 SEK) |
-41.8 % |
Rent Per Month | Iceland Edit |
Sweden Edit | |
| Apartment (1 bedroom) in City Centre |
277,291.67 ISK (21,069.81 SEK) |
120,142.23 ISK (9,128.92 SEK) |
-56.7 % |
| Apartment (1 bedroom) Outside of Centre |
249,310.34 ISK (18,943.67 SEK) |
93,317.66 ISK (7,090.68 SEK) |
-62.6 % |
| Apartment (3 bedrooms) in City Centre |
393,961.54 ISK (29,934.89 SEK) |
198,335.73 ISK (15,070.40 SEK) |
-49.7 % |
| Apartment (3 bedrooms) Outside of Centre |
338,074.07 ISK (25,688.32 SEK) |
151,928.03 ISK (11,544.14 SEK) |
-55.1 % |
Buy Apartment Price | Iceland Edit |
Sweden Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
85,617.11 ISK (6,505.56 SEK) |
72,422.10 ISK (5,502.94 SEK) |
-15.4 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
72,524.16 ISK (5,510.70 SEK) |
45,806.14 ISK (3,480.55 SEK) |
-36.8 % |
Salaries And Financing | Iceland Edit |
Sweden Edit | |
| Average Monthly Net Salary (After Tax) |
556,090.69 ISK (42,254.15 SEK) |
398,904.35 ISK (30,310.46 SEK) |
-28.3 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 9.72 | 4.55 | -53.2 % |
| Last update: | March 2025 | March 2025 | |
| Contributors in the past 12 months: | 143 | 732 |
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