Cost of Living Comparison Between Spain and Iceland 
| Indices Difference |  |
|---|---|
| Cost of Living in Iceland is 75.7% higher than in Spain (without rent) | |
| Cost of Living Including Rent in Iceland is 77.4% higher than in Spain | |
| Rent Prices in Iceland are 82.0% higher than in Spain | |
| Restaurant Prices in Iceland are 89.5% higher than in Spain | |
| Groceries Prices in Iceland are 92.1% higher than in Spain | |
| Local Purchasing Power in Iceland is 26.7% higher than in Spain | |
Restaurants | Spain Edit |
Iceland Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
13.00 € (1,983.38 kr) |
19.66 € (3,000.00 kr) |
+51.3 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
50.00 € (7,628.37 kr) |
108.20 € (16,508.40 kr) |
+116.4 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
9.00 € (1,373.11 kr) |
15.73 € (2,400.00 kr) |
+74.8 % |
| Domestic Beer (1 pint draught) |
3.00 € (457.70 kr) |
9.18 € (1,400.00 kr) |
+205.9 % |
| Imported Beer (12 oz small bottle) |
3.00 € (457.70 kr) |
7.87 € (1,200.00 kr) |
+162.2 % |
| Cappuccino (regular) |
1.91 € (291.21 kr) |
4.57 € (697.44 kr) |
+139.5 % |
| Coke/Pepsi (12 oz small bottle) |
2.05 € (313.23 kr) |
2.74 € (417.29 kr) |
+33.2 % |
| Water (12 oz small bottle) |
1.54 € (234.75 kr) |
1.99 € (303.75 kr) |
+29.4 % |
Markets | Spain Edit |
Iceland Edit | |
| Milk (regular), (1 gallon) |
3.95 € (602.01 kr) |
5.65 € (861.98 kr) |
+43.2 % |
| Loaf of Fresh White Bread (1 lb) |
1.17 € (178.35 kr) |
2.83 € (431.59 kr) |
+142.0 % |
| Rice (white), (1 lb) |
0.62 € (94.38 kr) |
1.25 € (190.40 kr) |
+101.7 % |
| Eggs (regular) (12) |
2.53 € (386.11 kr) |
5.12 € (781.73 kr) |
+102.5 % |
| Local Cheese (1 lb) |
5.50 € (839.49 kr) |
6.17 € (941.27 kr) |
+12.1 % |
| Chicken Fillets (1 lb) |
3.24 € (494.11 kr) |
8.14 € (1,242.11 kr) |
+151.4 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
6.14 € (936.51 kr) |
14.17 € (2,161.50 kr) |
+130.8 % |
| Apples (1 lb) |
0.92 € (140.02 kr) |
1.17 € (178.29 kr) |
+27.3 % |
| Banana (1 lb) |
0.78 € (118.37 kr) |
0.93 € (141.43 kr) |
+19.5 % |
| Oranges (1 lb) |
0.79 € (121.13 kr) |
1.09 € (165.96 kr) |
+37.0 % |
| Tomato (1 lb) |
1.01 € (153.34 kr) |
1.90 € (289.56 kr) |
+88.8 % |
| Potato (1 lb) |
0.69 € (105.45 kr) |
1.28 € (194.92 kr) |
+84.8 % |
| Onion (1 lb) |
0.73 € (111.34 kr) |
0.81 € (123.24 kr) |
+10.7 % |
| Lettuce (1 head) |
1.08 € (164.64 kr) |
2.77 € (422.25 kr) |
+156.5 % |
| Water (1.5 liter bottle) |
0.66 € (101.33 kr) |
1.85 € (281.54 kr) |
+177.8 % |
| Bottle of Wine (Mid-Range) |
5.00 € (762.84 kr) |
19.66 € (3,000.00 kr) |
+293.3 % |
| Domestic Beer (0.5 liter bottle) |
1.07 € (163.64 kr) |
2.91 € (443.65 kr) |
+171.1 % |
| Imported Beer (12 oz small bottle) |
1.73 € (264.15 kr) |
2.44 € (372.38 kr) |
+41.0 % |
| Cigarettes 20 Pack (Marlboro) |
5.35 € (816.24 kr) |
10.84 € (1,654.50 kr) |
+102.7 % |
Transportation | Spain Edit |
Iceland Edit | |
| One-way Ticket (Local Transport) |
1.50 € (228.85 kr) |
4.13 € (630.00 kr) |
+175.3 % |
| Monthly Pass (Regular Price) |
30.00 € (4,577.02 kr) |
68.17 € (10,400.00 kr) |
+127.2 % |
| Taxi Start (Normal Tariff) |
3.50 € (533.99 kr) |
4.85 € (740.00 kr) |
+38.6 % |
| Taxi 1 mile (Normal Tariff) |
1.95 € (297.10 kr) |
3.42 € (521.43 kr) |
+75.5 % |
| Taxi 1hour Waiting (Normal Tariff) |
22.25 € (3,394.62 kr) |
67.25 € (10,260.00 kr) |
+202.2 % |
| Gasoline (1 gallon) |
6.03 € (920.15 kr) |
7.72 € (1,177.42 kr) |
+28.0 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
33,365.00 € (5,090,410.39 kr) |
37,950.45 € (5,790,000.00 kr) |
+13.7 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
26,168.46 € (3,992,453.06 kr) |
40,913.80 € (6,242,111.11 kr) |
+56.3 % |
Utilities (Monthly) | Spain Edit |
Iceland Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
132.95 € (20,283.49 kr) |
87.27 € (13,314.37 kr) |
-34.4 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
17.95 € (2,738.58 kr) |
22.54 € (3,439.09 kr) |
+25.6 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
31.49 € (4,803.64 kr) |
65.50 € (9,993.17 kr) |
+108.0 % |
Sports And Leisure | Spain Edit |
Iceland Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
39.14 € (5,970.86 kr) |
61.91 € (9,445.52 kr) |
+58.2 % |
| Tennis Court Rent (1 Hour on Weekend) |
13.17 € (2,009.92 kr) |
28.21 € (4,303.89 kr) |
+114.1 % |
| Cinema, International Release, 1 Seat |
8.00 € (1,220.54 kr) |
13.40 € (2,045.00 kr) |
+67.5 % |
Childcare | Spain Edit |
Iceland Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
424.17 € (64,715.01 kr) |
240.27 € (36,657.33 kr) |
-43.4 % |
| International Primary School, Yearly for 1 Child |
8,059.57 € (1,229,628.04 kr) |
5,087.92 € (776,250.00 kr) |
-36.9 % |
Clothing And Shoes | Spain Edit |
Iceland Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
73.98 € (11,287.57 kr) |
104.28 € (15,909.92 kr) |
+41.0 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
30.90 € (4,714.22 kr) |
48.86 € (7,455.00 kr) |
+58.1 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
77.19 € (11,776.87 kr) |
139.70 € (21,314.11 kr) |
+81.0 % |
| 1 Pair of Men Leather Business Shoes |
90.37 € (13,786.81 kr) |
167.25 € (25,517.62 kr) |
+85.1 % |
Rent Per Month | Spain Edit |
Iceland Edit | |
| Apartment (1 bedroom) in City Centre |
960.12 € (146,483.16 kr) |
1,684.17 € (256,948.85 kr) |
+75.4 % |
| Apartment (1 bedroom) Outside of Centre |
715.90 € (109,222.38 kr) |
1,516.63 € (231,388.89 kr) |
+111.9 % |
| Apartment (3 bedrooms) in City Centre |
1,503.81 € (229,431.94 kr) |
2,374.22 € (362,228.57 kr) |
+57.9 % |
| Apartment (3 bedrooms) Outside of Centre |
1,058.66 € (161,516.81 kr) |
2,140.14 € (326,515.15 kr) |
+102.2 % |
Buy Apartment Price | Spain Edit |
Iceland Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
329.83 € (50,321.32 kr) |
497.42 € (75,889.54 kr) |
+50.8 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
194.56 € (29,684.25 kr) |
409.74 € (62,512.58 kr) |
+110.6 % |
Salaries And Financing | Spain Edit |
Iceland Edit | |
| Average Monthly Net Salary (After Tax) |
1,737.70 € (265,116.63 kr) |
3,907.48 € (596,153.96 kr) |
+124.9 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 3.55 | 7.92 | +123.1 % |
| Last update: | September 2024 | September 2024 | |
| Contributors in the past 12 months: | 2131 | 235 |
Moving to Spain? Explore:
Moving to Iceland? Explore: