Cost of Living Comparison Between New Zealand and Iceland 
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| Indices Difference |  |
|---|---|
| Cost of Living in Iceland is 57.2% higher than in New Zealand (without rent) | |
| Cost of Living Including Rent in Iceland is 65.9% higher than in New Zealand | |
| Rent Prices in Iceland are 91.7% higher than in New Zealand | |
| Restaurant Prices in Iceland are 80.1% higher than in New Zealand | |
| Groceries Prices in Iceland are 54.2% higher than in New Zealand | |
| Local Purchasing Power in Iceland is 10.7% lower than in New Zealand | |
Restaurants | New Zealand Edit |
Iceland Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
25.00 NZ$ (1,876.82 kr) |
39.96 NZ$ (3,000.00 kr) |
+59.8 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
125.00 NZ$ (9,384.11 kr) |
239.77 NZ$ (18,000.00 kr) |
+91.8 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
15.00 NZ$ (1,126.09 kr) |
33.30 NZ$ (2,500.00 kr) |
+122.0 % |
| Domestic Beer (1 pint draught) |
11.00 NZ$ (825.80 kr) |
19.98 NZ$ (1,500.00 kr) |
+81.6 % |
| Imported Beer (12 oz small bottle) |
11.00 NZ$ (825.80 kr) |
17.32 NZ$ (1,300.00 kr) |
+57.4 % |
| Cappuccino (regular) |
5.68 NZ$ (426.73 kr) |
9.99 NZ$ (749.67 kr) |
+75.7 % |
| Coke/Pepsi (12 oz small bottle) |
3.79 NZ$ (284.36 kr) |
5.51 NZ$ (413.44 kr) |
+45.4 % |
| Water (12 oz small bottle) |
3.49 NZ$ (262.26 kr) |
4.40 NZ$ (330.56 kr) |
+26.0 % |
Markets | New Zealand Edit |
Iceland Edit | |
| Milk (regular), (1 gallon) |
11.27 NZ$ (846.36 kr) |
11.68 NZ$ (876.70 kr) |
+3.6 % |
| Loaf of Fresh White Bread (1 lb) |
2.93 NZ$ (219.75 kr) |
6.15 NZ$ (461.85 kr) |
+110.2 % |
| Rice (white), (1 lb) |
1.41 NZ$ (105.51 kr) |
2.63 NZ$ (197.27 kr) |
+87.0 % |
| Eggs (regular) (12) |
10.72 NZ$ (804.88 kr) |
10.74 NZ$ (806.59 kr) |
+0.2 % |
| Local Cheese (1 lb) |
6.22 NZ$ (467.08 kr) |
13.54 NZ$ (1,016.48 kr) |
+117.6 % |
| Chicken Fillets (1 lb) |
7.16 NZ$ (537.47 kr) |
17.70 NZ$ (1,328.49 kr) |
+147.2 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
9.77 NZ$ (733.73 kr) |
31.74 NZ$ (2,382.84 kr) |
+224.8 % |
| Apples (1 lb) |
2.10 NZ$ (157.96 kr) |
2.32 NZ$ (174.20 kr) |
+10.3 % |
| Banana (1 lb) |
1.71 NZ$ (128.27 kr) |
1.86 NZ$ (139.94 kr) |
+9.1 % |
| Oranges (1 lb) |
2.30 NZ$ (172.91 kr) |
2.20 NZ$ (164.96 kr) |
-4.6 % |
| Tomato (1 lb) |
3.61 NZ$ (270.74 kr) |
3.93 NZ$ (294.68 kr) |
+8.8 % |
| Potato (1 lb) |
1.57 NZ$ (117.86 kr) |
2.74 NZ$ (205.46 kr) |
+74.3 % |
| Onion (1 lb) |
1.34 NZ$ (100.35 kr) |
1.68 NZ$ (126.38 kr) |
+25.9 % |
| Lettuce (1 head) |
3.92 NZ$ (293.98 kr) |
5.66 NZ$ (424.75 kr) |
+44.5 % |
| Water (1.5 liter bottle) |
1.89 NZ$ (141.72 kr) |
3.90 NZ$ (293.00 kr) |
+106.8 % |
| Bottle of Wine (Mid-Range) |
16.00 NZ$ (1,201.17 kr) |
39.96 NZ$ (3,000.00 kr) |
+149.8 % |
| Domestic Beer (0.5 liter bottle) |
4.90 NZ$ (367.87 kr) |
6.12 NZ$ (459.45 kr) |
+24.9 % |
| Imported Beer (12 oz small bottle) |
5.78 NZ$ (433.75 kr) |
5.10 NZ$ (383.18 kr) |
-11.7 % |
| Cigarettes 20 Pack (Marlboro) |
40.00 NZ$ (3,002.91 kr) |
22.98 NZ$ (1,725.00 kr) |
-42.6 % |
Transportation | New Zealand Edit |
Iceland Edit | |
| One-way Ticket (Local Transport) |
4.00 NZ$ (300.29 kr) |
8.53 NZ$ (640.00 kr) |
+113.1 % |
| Monthly Pass (Regular Price) |
200.00 NZ$ (15,014.57 kr) |
138.53 NZ$ (10,400.00 kr) |
-30.7 % |
| Taxi Start (Normal Tariff) |
4.00 NZ$ (300.29 kr) |
10.52 NZ$ (790.00 kr) |
+163.1 % |
| Taxi 1 mile (Normal Tariff) |
5.40 NZ$ (405.34 kr) |
6.95 NZ$ (521.43 kr) |
+28.6 % |
| Taxi 1hour Waiting (Normal Tariff) |
60.00 NZ$ (4,504.37 kr) |
141.46 NZ$ (10,620.00 kr) |
+135.8 % |
| Gasoline (1 gallon) |
10.63 NZ$ (798.29 kr) |
15.74 NZ$ (1,182.00 kr) |
+48.1 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
45,495.00 NZ$ (3,415,439.53 kr) |
78,457.12 NZ$ (5,890,000.00 kr) |
+72.5 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
35,981.44 NZ$ (2,701,229.53 kr) |
88,802.63 NZ$ (6,666,666.67 kr) |
+146.8 % |
Utilities (Monthly) | New Zealand Edit |
Iceland Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
228.61 NZ$ (17,162.47 kr) |
145.52 NZ$ (10,924.64 kr) |
-36.3 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
58.20 NZ$ (4,369.58 kr) |
45.66 NZ$ (3,427.78 kr) |
-21.6 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
86.18 NZ$ (6,469.58 kr) |
136.72 NZ$ (10,263.65 kr) |
+58.6 % |
Sports And Leisure | New Zealand Edit |
Iceland Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
61.17 NZ$ (4,592.10 kr) |
133.24 NZ$ (10,002.92 kr) |
+117.8 % |
| Tennis Court Rent (1 Hour on Weekend) |
25.72 NZ$ (1,930.71 kr) |
70.22 NZ$ (5,271.43 kr) |
+173.0 % |
| Cinema, International Release, 1 Seat |
20.00 NZ$ (1,501.46 kr) |
29.17 NZ$ (2,190.00 kr) |
+45.9 % |
Childcare | New Zealand Edit |
Iceland Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
1,293.69 NZ$ (97,121.34 kr) |
565.79 NZ$ (42,475.25 kr) |
-56.3 % |
| International Primary School, Yearly for 1 Child |
19,655.65 NZ$ (1,475,605.40 kr) |
49,875.48 NZ$ (3,744,295.00 kr) |
+153.7 % |
Clothing And Shoes | New Zealand Edit |
Iceland Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
113.21 NZ$ (8,498.80 kr) |
236.82 NZ$ (17,778.42 kr) |
+109.2 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
71.52 NZ$ (5,369.07 kr) |
104.31 NZ$ (7,831.11 kr) |
+45.9 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
160.68 NZ$ (12,062.38 kr) |
293.62 NZ$ (22,042.86 kr) |
+82.7 % |
| 1 Pair of Men Leather Business Shoes |
196.66 NZ$ (14,764.06 kr) |
416.05 NZ$ (31,233.82 kr) |
+111.6 % |
Rent Per Month | New Zealand Edit |
Iceland Edit | |
| Apartment (1 bedroom) in City Centre |
1,816.60 NZ$ (136,377.07 kr) |
3,693.63 NZ$ (277,291.67 kr) |
+103.3 % |
| Apartment (1 bedroom) Outside of Centre |
1,531.10 NZ$ (114,944.38 kr) |
3,320.91 NZ$ (249,310.34 kr) |
+116.9 % |
| Apartment (3 bedrooms) in City Centre |
2,899.88 NZ$ (217,702.56 kr) |
5,247.72 NZ$ (393,961.54 kr) |
+81.0 % |
| Apartment (3 bedrooms) Outside of Centre |
2,501.59 NZ$ (187,801.54 kr) |
4,503.28 NZ$ (338,074.07 kr) |
+80.0 % |
Buy Apartment Price | New Zealand Edit |
Iceland Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
778.15 NZ$ (58,418.28 kr) |
1,140.45 NZ$ (85,617.11 kr) |
+46.6 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
646.14 NZ$ (48,507.33 kr) |
966.05 NZ$ (72,524.16 kr) |
+49.5 % |
Salaries And Financing | New Zealand Edit |
Iceland Edit | |
| Average Monthly Net Salary (After Tax) |
5,002.51 NZ$ (375,552.37 kr) |
7,407.35 NZ$ (556,090.69 kr) |
+48.1 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 6.76 | 9.72 | +43.7 % |
| Last update: | March 2025 | March 2025 | |
| Contributors in the past 12 months: | 468 | 143 |
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