Cost of Living Comparison Between Iceland and United States Reverse

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City in United States:
Indices DifferenceInfo
Cost of Living in United States is 26.8% lower than in Iceland (without rent)
Cost of Living Including Rent in United States is 22.2% lower than in Iceland
Rent Prices in United States are 11.2% lower than in Iceland
Restaurant Prices in United States are 30.9% lower than in Iceland
Groceries Prices in United States are 25.4% lower than in Iceland
Local Purchasing Power in United States is 32.0% higher than in Iceland
Currency: Sticky Currency      Switch to metric measurement units
Restaurants
Iceland Edit United States Edit Difference
Meal, Inexpensive Restaurant 3,000.00 kr
(22.81 $)
2,630.60 kr
(20.00 $)
     -12.3 %
Meal for 2 People, Mid-range Restaurant, Three-course 18,000.00 kr
(136.85 $)
9,864.75 kr
(75.00 $)
     -45.2 %
McMeal at McDonalds (or Equivalent Combo Meal) 2,500.00 kr
(19.01 $)
1,446.83 kr
(11.00 $)
     -42.1 %
Domestic Beer (1 pint draught) 1,500.00 kr
(11.40 $)
789.18 kr
(6.00 $)
     -47.4 %
Imported Beer (12 oz small bottle) 1,300.00 kr
(9.88 $)
920.71 kr
(7.00 $)
     -29.2 %
Cappuccino (regular) 749.67 kr
(5.70 $)
686.79 kr
(5.22 $)
     -8.4 %
Coke/Pepsi (12 oz small bottle) 416.88 kr
(3.17 $)
335.88 kr
(2.55 $)
     -19.4 %
Water (12 oz small bottle) 330.56 kr
(2.51 $)
273.68 kr
(2.08 $)
     -17.2 %
Markets
Iceland Edit United States Edit
Milk (regular), (1 gallon) 876.70 kr
(6.67 $)
525.91 kr
(4.00 $)
     -40.0 %
Loaf of Fresh White Bread (1 lb) 461.85 kr
(3.51 $)
433.01 kr
(3.29 $)
     -6.2 %
Rice (white), (1 lb) 197.27 kr
(1.50 $)
273.94 kr
(2.08 $)
     +38.9 %
Eggs (regular) (12) 806.59 kr
(6.13 $)
546.58 kr
(4.16 $)
     -32.2 %
Local Cheese (1 lb) 1,016.48 kr
(7.73 $)
773.36 kr
(5.88 $)
     -23.9 %
Chicken Fillets (1 lb) 1,328.49 kr
(10.10 $)
725.14 kr
(5.51 $)
     -45.4 %
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 2,382.84 kr
(18.12 $)
968.35 kr
(7.36 $)
     -59.4 %
Apples (1 lb) 174.20 kr
(1.32 $)
314.71 kr
(2.39 $)
     +80.7 %
Banana (1 lb) 139.94 kr
(1.06 $)
100.00 kr
(0.76 $)
     -28.5 %
Oranges (1 lb) 164.96 kr
(1.25 $)
267.83 kr
(2.04 $)
     +62.4 %
Tomato (1 lb) 294.68 kr
(2.24 $)
292.86 kr
(2.23 $)
     -0.6 %
Potato (1 lb) 205.46 kr
(1.56 $)
174.66 kr
(1.33 $)
     -15.0 %
Onion (1 lb) 126.38 kr
(0.96 $)
183.38 kr
(1.39 $)
     +45.1 %
Lettuce (1 head) 424.75 kr
(3.23 $)
289.75 kr
(2.20 $)
     -31.8 %
Water (1.5 liter bottle) 293.00 kr
(2.23 $)
292.47 kr
(2.22 $)
     -0.2 %
Bottle of Wine (Mid-Range) 3,000.00 kr
(22.81 $)
1,972.95 kr
(15.00 $)
     -34.2 %
Domestic Beer (0.5 liter bottle) 459.45 kr
(3.49 $)
255.36 kr
(1.94 $)
     -44.4 %
Imported Beer (12 oz small bottle) 383.18 kr
(2.91 $)
471.95 kr
(3.59 $)
     +23.2 %
Cigarettes 20 Pack (Marlboro) 1,725.00 kr
(13.11 $)
1,315.30 kr
(10.00 $)
     -23.8 %
Transportation
Iceland Edit United States Edit
One-way Ticket (Local Transport) 640.00 kr
(4.87 $)
328.83 kr
(2.50 $)
     -48.6 %
Monthly Pass (Regular Price) 10,400.00 kr
(79.07 $)
8,549.45 kr
(65.00 $)
     -17.8 %
Taxi Start (Normal Tariff) 790.00 kr
(6.01 $)
493.24 kr
(3.75 $)
     -37.6 %
Taxi 1 mile (Normal Tariff) 521.43 kr
(3.96 $)
368.28 kr
(2.80 $)
     -29.4 %
Taxi 1hour Waiting (Normal Tariff) 10,620.00 kr
(80.74 $)
3,945.90 kr
(30.00 $)
     -62.8 %
Gasoline (1 gallon) 1,182.00 kr
(8.99 $)
462.28 kr
(3.51 $)
     -60.9 %
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 5,890,000.00 kr
(44,780.66 $)
3,945,900.00 kr
(30,000.00 $)
     -33.0 %
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) 6,666,666.67 kr
(50,685.52 $)
3,414,914.15 kr
(25,963.01 $)
     -48.8 %
Utilities (Monthly)
Iceland Edit United States Edit
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment 10,924.64 kr
(83.06 $)
27,346.47 kr
(207.91 $)
     +150.3 %
Mobile Phone Monthly Plan with Calls and 10GB+ Data 3,427.78 kr
(26.06 $)
7,523.27 kr
(57.20 $)
     +119.5 %
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 10,263.65 kr
(78.03 $)
9,404.18 kr
(71.50 $)
     -8.4 %
Sports And Leisure
Iceland Edit United States Edit
Fitness Club, Monthly Fee for 1 Adult 10,002.92 kr
(76.05 $)
6,125.34 kr
(46.57 $)
     -38.8 %
Tennis Court Rent (1 Hour on Weekend) 5,271.43 kr
(40.08 $)
2,873.12 kr
(21.84 $)
     -45.5 %
Cinema, International Release, 1 Seat 2,190.00 kr
(16.65 $)
1,853.92 kr
(14.09 $)
     -15.3 %
Childcare
Iceland Edit United States Edit
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child 42,475.25 kr
(322.93 $)
180,969.91 kr
(1,375.88 $)
     +326.1 %
International Primary School, Yearly for 1 Child 3,744,295.00 kr
(28,467.23 $)
2,976,365.82 kr
(22,628.80 $)
     -20.5 %
Clothing And Shoes
Iceland Edit United States Edit
1 Pair of Jeans (Levis 501 Or Similar) 17,778.42 kr
(135.17 $)
6,843.04 kr
(52.03 $)
     -61.5 %
1 Summer Dress in a Chain Store (Zara, H&M, ...) 7,831.11 kr
(59.54 $)
5,604.00 kr
(42.61 $)
     -28.4 %
1 Pair of Nike Running Shoes (Mid-Range) 22,042.86 kr
(167.59 $)
11,770.27 kr
(89.49 $)
     -46.6 %
1 Pair of Men Leather Business Shoes 31,233.82 kr
(237.47 $)
14,890.11 kr
(113.21 $)
     -52.3 %
Rent Per Month
Iceland Edit United States Edit
Apartment (1 bedroom) in City Centre 277,291.67 kr
(2,108.20 $)
229,553.43 kr
(1,745.26 $)
     -17.2 %
Apartment (1 bedroom) Outside of Centre 249,310.34 kr
(1,895.46 $)
189,232.04 kr
(1,438.70 $)
     -24.1 %
Apartment (3 bedrooms) in City Centre 393,961.54 kr
(2,995.22 $)
383,020.73 kr
(2,912.04 $)
     -2.8 %
Apartment (3 bedrooms) Outside of Centre 338,074.07 kr
(2,570.32 $)
315,705.87 kr
(2,400.26 $)
     -6.6 %
Buy Apartment Price
Iceland Edit United States Edit
Price per Square Feet to Buy Apartment in City Centre 85,617.11 kr
(650.93 $)
39,595.06 kr
(301.03 $)
     -53.8 %
Price per Square Feet to Buy Apartment Outside of Centre 72,524.16 kr
(551.39 $)
33,152.53 kr
(252.05 $)
     -54.3 %
Salaries And Financing
Iceland Edit United States Edit
Average Monthly Net Salary (After Tax) 556,090.69 kr
(4,227.86 $)
570,555.55 kr
(4,337.84 $)
     +2.6 %
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 9.72 6.57      -32.3 %
Last update: March 2025March 2025
Contributors in the past 12 months:14210383