Cost of Living Comparison Between Iceland and Switzerland 
| Indices Difference |  |
|---|---|
| Cost of Living in Switzerland is 15.1% higher than in Iceland (excluding rent) | |
| Cost of Living Including Rent in Switzerland is 11.4% higher than in Iceland | |
| Rent Prices in Switzerland are 2.4% higher than in Iceland | |
| Restaurant Prices in Switzerland are 1.7% higher than in Iceland | |
| Groceries Prices in Switzerland are 11.0% higher than in Iceland | |
| Local Purchasing Power in Switzerland is 47.4% higher than in Iceland | |
Restaurants | Iceland Edit |
Switzerland Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
3,100.00 kr (20.34 Fr.) |
3,809.64 kr (25.00 Fr.) |
+22.9 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
17,500.00 kr (114.84 Fr.) |
16,000.49 kr (105.00 Fr.) |
-8.6 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
2,500.00 kr (16.41 Fr.) |
2,285.78 kr (15.00 Fr.) |
-8.6 % |
| Domestic Beer (1 pint draught) |
1,500.00 kr (9.84 Fr.) |
1,066.70 kr (7.00 Fr.) |
-28.9 % |
| Imported Beer (12 oz small bottle) |
1,300.00 kr (8.53 Fr.) |
914.31 kr (6.00 Fr.) |
-29.7 % |
| Cappuccino (regular) |
750.49 kr (4.92 Fr.) |
754.34 kr (4.95 Fr.) |
+0.5 % |
| Coke/Pepsi (12 oz small bottle) |
409.22 kr (2.69 Fr.) |
672.38 kr (4.41 Fr.) |
+64.3 % |
| Water (12 oz small bottle) |
327.63 kr (2.15 Fr.) |
606.49 kr (3.98 Fr.) |
+85.1 % |
Markets | Iceland Edit |
Switzerland Edit | |
| Milk (regular), (1 gallon) |
876.70 kr (5.75 Fr.) |
1,027.67 kr (6.74 Fr.) |
+17.2 % |
| Loaf of Fresh White Bread (1 lb) |
456.11 kr (2.99 Fr.) |
418.76 kr (2.75 Fr.) |
-8.2 % |
| Rice (white), (1 lb) |
198.51 kr (1.30 Fr.) |
240.89 kr (1.58 Fr.) |
+21.3 % |
| Eggs (regular) (12) |
811.62 kr (5.33 Fr.) |
916.20 kr (6.01 Fr.) |
+12.9 % |
| Local Cheese (1 lb) |
1,029.73 kr (6.76 Fr.) |
1,577.20 kr (10.35 Fr.) |
+53.2 % |
| Chicken Fillets (1 lb) |
1,350.40 kr (8.86 Fr.) |
1,871.43 kr (12.28 Fr.) |
+38.6 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
2,326.81 kr (15.27 Fr.) |
2,712.01 kr (17.80 Fr.) |
+16.6 % |
| Apples (1 lb) |
175.18 kr (1.15 Fr.) |
204.40 kr (1.34 Fr.) |
+16.7 % |
| Banana (1 lb) |
139.94 kr (0.92 Fr.) |
136.70 kr (0.90 Fr.) |
-2.3 % |
| Oranges (1 lb) |
163.99 kr (1.08 Fr.) |
167.22 kr (1.10 Fr.) |
+2.0 % |
| Tomato (1 lb) |
286.79 kr (1.88 Fr.) |
353.56 kr (2.32 Fr.) |
+23.3 % |
| Potato (1 lb) |
203.14 kr (1.33 Fr.) |
142.81 kr (0.94 Fr.) |
-29.7 % |
| Onion (1 lb) |
126.29 kr (0.83 Fr.) |
133.68 kr (0.88 Fr.) |
+5.9 % |
| Lettuce (1 head) |
402.25 kr (2.64 Fr.) |
320.08 kr (2.10 Fr.) |
-20.4 % |
| Water (1.5 liter bottle) |
280.71 kr (1.84 Fr.) |
168.39 kr (1.11 Fr.) |
-40.0 % |
| Bottle of Wine (Mid-Range) |
3,000.00 kr (19.69 Fr.) |
1,828.63 kr (12.00 Fr.) |
-39.0 % |
| Domestic Beer (0.5 liter bottle) |
462.58 kr (3.04 Fr.) |
314.86 kr (2.07 Fr.) |
-31.9 % |
| Imported Beer (12 oz small bottle) |
389.06 kr (2.55 Fr.) |
380.31 kr (2.50 Fr.) |
-2.2 % |
| Cigarettes 20 Pack (Marlboro) |
1,725.00 kr (11.32 Fr.) |
1,371.47 kr (9.00 Fr.) |
-20.5 % |
Transportation | Iceland Edit |
Switzerland Edit | |
| One-way Ticket (Local Transport) |
650.00 kr (4.27 Fr.) |
518.11 kr (3.40 Fr.) |
-20.3 % |
| Monthly Pass (Regular Price) |
10,400.00 kr (68.25 Fr.) |
12,190.85 kr (80.00 Fr.) |
+17.2 % |
| Taxi Start (Normal Tariff) |
790.00 kr (5.18 Fr.) |
990.51 kr (6.50 Fr.) |
+25.4 % |
| Taxi 1 mile (Normal Tariff) |
521.43 kr (3.42 Fr.) |
956.44 kr (6.28 Fr.) |
+83.4 % |
| Taxi 1hour Waiting (Normal Tariff) |
10,620.00 kr (69.69 Fr.) |
10,666.99 kr (70.00 Fr.) |
+0.4 % |
| Gasoline (1 gallon) |
1,182.00 kr (7.76 Fr.) |
1,044.81 kr (6.86 Fr.) |
-11.6 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
5,890,000.00 kr (38,651.94 Fr.) |
4,998,248.82 kr (32,800.00 Fr.) |
-15.1 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
6,666,666.67 kr (43,748.66 Fr.) |
5,140,072.76 kr (33,730.69 Fr.) |
-22.9 % |
Utilities (Monthly) | Iceland Edit |
Switzerland Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
10,924.64 kr (71.69 Fr.) |
32,728.75 kr (214.78 Fr.) |
+199.6 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
3,427.78 kr (22.49 Fr.) |
6,532.19 kr (42.87 Fr.) |
+90.6 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
10,268.20 kr (67.38 Fr.) |
7,406.10 kr (48.60 Fr.) |
-27.9 % |
Sports And Leisure | Iceland Edit |
Switzerland Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
10,068.26 kr (66.07 Fr.) |
11,056.38 kr (72.56 Fr.) |
+9.8 % |
| Tennis Court Rent (1 Hour on Weekend) |
4,816.67 kr (31.61 Fr.) |
5,920.07 kr (38.85 Fr.) |
+22.9 % |
| Cinema, International Release, 1 Seat |
2,190.00 kr (14.37 Fr.) |
3,047.71 kr (20.00 Fr.) |
+39.2 % |
Childcare | Iceland Edit |
Switzerland Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
42,475.25 kr (278.74 Fr.) |
373,344.08 kr (2,450.00 Fr.) |
+779.0 % |
| International Primary School, Yearly for 1 Child |
3,744,295.00 kr (24,571.18 Fr.) |
4,304,989.42 kr (28,250.62 Fr.) |
+15.0 % |
Clothing And Shoes | Iceland Edit |
Switzerland Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
17,356.84 kr (113.90 Fr.) |
16,176.29 kr (106.15 Fr.) |
-6.8 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
7,436.25 kr (48.80 Fr.) |
8,052.27 kr (52.84 Fr.) |
+8.3 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
21,895.00 kr (143.68 Fr.) |
18,233.86 kr (119.66 Fr.) |
-16.7 % |
| 1 Pair of Men Leather Business Shoes |
29,685.94 kr (194.81 Fr.) |
23,102.65 kr (151.61 Fr.) |
-22.2 % |
Rent Per Month | Iceland Edit |
Switzerland Edit | |
| Apartment (1 bedroom) in City Centre |
277,291.67 kr (1,819.67 Fr.) |
253,608.69 kr (1,664.26 Fr.) |
-8.5 % |
| Apartment (1 bedroom) Outside of Centre |
249,310.34 kr (1,636.05 Fr.) |
209,611.08 kr (1,375.53 Fr.) |
-15.9 % |
| Apartment (3 bedrooms) in City Centre |
393,961.54 kr (2,585.29 Fr.) |
450,293.54 kr (2,954.96 Fr.) |
+14.3 % |
| Apartment (3 bedrooms) Outside of Centre |
338,074.07 kr (2,218.54 Fr.) |
375,415.24 kr (2,463.59 Fr.) |
+11.0 % |
Buy Apartment Price | Iceland Edit |
Switzerland Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
85,617.11 kr (561.85 Fr.) |
201,007.10 kr (1,319.07 Fr.) |
+134.8 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
72,898.79 kr (478.38 Fr.) |
159,549.61 kr (1,047.01 Fr.) |
+118.9 % |
Salaries And Financing | Iceland Edit |
Switzerland Edit | |
| Average Monthly Net Salary (After Tax) |
551,416.93 kr (3,618.56 Fr.) |
904,904.31 kr (5,938.25 Fr.) |
+64.1 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 9.76 | 2.45 | -74.9 % |
| Last update: | March 2025 | April 2025 | |
| Contributors in the past 12 months: | 143 | 813 |
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