Cost of Living Comparison Between Sweden and Iceland 
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| Indices Difference |  |
|---|---|
| Cost of Living in Iceland is 45.0% higher than in Sweden (without rent) | |
| Cost of Living Including Rent in Iceland is 61.2% higher than in Sweden | |
| Rent Prices in Iceland are 120.8% higher than in Sweden | |
| Restaurant Prices in Iceland are 56.4% higher than in Sweden | |
| Groceries Prices in Iceland are 54.9% higher than in Sweden | |
| Local Purchasing Power in Iceland is 14.9% lower than in Sweden | |
Restaurants | Sweden Edit |
Iceland Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
140.00 SEK (1,862.45 ISK) |
233.03 SEK (3,100.00 ISK) |
+66.4 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
800.00 SEK (10,642.58 ISK) |
1,315.47 SEK (17,500.00 ISK) |
+64.4 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
107.00 SEK (1,423.44 ISK) |
187.92 SEK (2,500.00 ISK) |
+75.6 % |
| Domestic Beer (1 pint draught) |
75.00 SEK (997.74 ISK) |
112.75 SEK (1,500.00 ISK) |
+50.3 % |
| Imported Beer (12 oz small bottle) |
75.00 SEK (997.74 ISK) |
97.72 SEK (1,300.00 ISK) |
+30.3 % |
| Cappuccino (regular) |
44.39 SEK (590.51 ISK) |
56.51 SEK (751.77 ISK) |
+27.3 % |
| Coke/Pepsi (12 oz small bottle) |
26.15 SEK (347.94 ISK) |
30.82 SEK (410.02 ISK) |
+17.8 % |
| Water (12 oz small bottle) |
22.11 SEK (294.11 ISK) |
24.69 SEK (328.41 ISK) |
+11.7 % |
Markets | Sweden Edit |
Iceland Edit | |
| Milk (regular), (1 gallon) |
60.23 SEK (801.28 ISK) |
65.90 SEK (876.70 ISK) |
+9.4 % |
| Loaf of Fresh White Bread (1 lb) |
26.25 SEK (349.25 ISK) |
34.29 SEK (456.11 ISK) |
+30.6 % |
| Rice (white), (1 lb) |
16.20 SEK (215.46 ISK) |
14.92 SEK (198.51 ISK) |
-7.9 % |
| Eggs (regular) (12) |
41.77 SEK (555.67 ISK) |
61.01 SEK (811.62 ISK) |
+46.1 % |
| Local Cheese (1 lb) |
51.83 SEK (689.49 ISK) |
77.40 SEK (1,029.73 ISK) |
+49.3 % |
| Chicken Fillets (1 lb) |
53.56 SEK (712.47 ISK) |
101.51 SEK (1,350.40 ISK) |
+89.5 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
80.65 SEK (1,072.85 ISK) |
174.91 SEK (2,326.81 ISK) |
+116.9 % |
| Apples (1 lb) |
13.71 SEK (182.43 ISK) |
13.17 SEK (175.18 ISK) |
-4.0 % |
| Banana (1 lb) |
11.84 SEK (157.53 ISK) |
10.52 SEK (139.94 ISK) |
-11.2 % |
| Oranges (1 lb) |
13.64 SEK (181.49 ISK) |
12.33 SEK (163.99 ISK) |
-9.6 % |
| Tomato (1 lb) |
19.40 SEK (258.05 ISK) |
21.56 SEK (286.79 ISK) |
+11.1 % |
| Potato (1 lb) |
7.63 SEK (101.51 ISK) |
15.27 SEK (203.14 ISK) |
+100.1 % |
| Onion (1 lb) |
7.69 SEK (102.29 ISK) |
9.51 SEK (126.48 ISK) |
+23.6 % |
| Lettuce (1 head) |
22.52 SEK (299.63 ISK) |
30.24 SEK (402.25 ISK) |
+34.2 % |
| Water (1.5 liter bottle) |
14.19 SEK (188.73 ISK) |
21.14 SEK (281.18 ISK) |
+49.0 % |
| Bottle of Wine (Mid-Range) |
100.00 SEK (1,330.32 ISK) |
225.51 SEK (3,000.00 ISK) |
+125.5 % |
| Domestic Beer (0.5 liter bottle) |
19.96 SEK (265.58 ISK) |
34.77 SEK (462.58 ISK) |
+74.2 % |
| Imported Beer (12 oz small bottle) |
20.78 SEK (276.40 ISK) |
29.25 SEK (389.06 ISK) |
+40.8 % |
| Cigarettes 20 Pack (Marlboro) |
72.50 SEK (964.48 ISK) |
129.67 SEK (1,725.00 ISK) |
+78.9 % |
Transportation | Sweden Edit |
Iceland Edit | |
| One-way Ticket (Local Transport) |
36.00 SEK (478.92 ISK) |
48.86 SEK (650.00 ISK) |
+35.7 % |
| Monthly Pass (Regular Price) |
850.00 SEK (11,307.74 ISK) |
781.77 SEK (10,400.00 ISK) |
-8.0 % |
| Taxi Start (Normal Tariff) |
61.00 SEK (811.50 ISK) |
59.38 SEK (790.00 ISK) |
-2.6 % |
| Taxi 1 mile (Normal Tariff) |
32.19 SEK (428.19 ISK) |
39.20 SEK (521.43 ISK) |
+21.8 % |
| Taxi 1hour Waiting (Normal Tariff) |
590.00 SEK (7,848.90 ISK) |
798.30 SEK (10,620.00 ISK) |
+35.3 % |
| Gasoline (1 gallon) |
70.99 SEK (944.43 ISK) |
88.85 SEK (1,182.00 ISK) |
+25.2 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
309,000.00 SEK (4,110,695.93 ISK) |
442,749.85 SEK (5,890,000.00 ISK) |
+43.3 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
324,259.46 SEK (4,313,695.92 ISK) |
501,131.69 SEK (6,666,666.67 ISK) |
+54.5 % |
Utilities (Monthly) | Sweden Edit |
Iceland Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
1,216.18 SEK (16,179.16 ISK) |
821.20 SEK (10,924.64 ISK) |
-32.5 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
275.27 SEK (3,661.92 ISK) |
257.67 SEK (3,427.78 ISK) |
-6.4 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
361.24 SEK (4,805.64 ISK) |
771.67 SEK (10,265.73 ISK) |
+113.6 % |
Sports And Leisure | Sweden Edit |
Iceland Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
394.66 SEK (5,250.29 ISK) |
756.83 SEK (10,068.26 ISK) |
+91.8 % |
| Tennis Court Rent (1 Hour on Weekend) |
268.22 SEK (3,568.23 ISK) |
362.07 SEK (4,816.67 ISK) |
+35.0 % |
| Cinema, International Release, 1 Seat |
159.00 SEK (2,115.21 ISK) |
164.62 SEK (2,190.00 ISK) |
+3.5 % |
Childcare | Sweden Edit |
Iceland Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
1,458.66 SEK (19,404.85 ISK) |
3,192.85 SEK (42,475.25 ISK) |
+118.9 % |
| International Primary School, Yearly for 1 Child |
23,780.45 SEK (316,356.63 ISK) |
281,457.73 SEK (3,744,295.00 ISK) |
+1,083.6 % |
Clothing And Shoes | Sweden Edit |
Iceland Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
885.99 SEK (11,786.47 ISK) |
1,304.71 SEK (17,356.84 ISK) |
+47.3 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
395.40 SEK (5,260.03 ISK) |
558.98 SEK (7,436.25 ISK) |
+41.4 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
965.33 SEK (12,842.01 ISK) |
1,645.84 SEK (21,895.00 ISK) |
+70.5 % |
| 1 Pair of Men Leather Business Shoes |
1,391.57 SEK (18,512.38 ISK) |
2,231.48 SEK (29,685.94 ISK) |
+60.4 % |
Rent Per Month | Sweden Edit |
Iceland Edit | |
| Apartment (1 bedroom) in City Centre |
9,068.65 SEK (120,642.29 ISK) |
20,843.95 SEK (277,291.67 ISK) |
+129.8 % |
| Apartment (1 bedroom) Outside of Centre |
7,097.06 SEK (94,413.81 ISK) |
18,740.60 SEK (249,310.34 ISK) |
+164.1 % |
| Apartment (3 bedrooms) in City Centre |
15,106.08 SEK (200,959.58 ISK) |
29,613.99 SEK (393,961.54 ISK) |
+96.0 % |
| Apartment (3 bedrooms) Outside of Centre |
11,581.89 SEK (154,076.49 ISK) |
25,412.94 SEK (338,074.07 ISK) |
+119.4 % |
Buy Apartment Price | Sweden Edit |
Iceland Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
5,541.98 SEK (73,726.19 ISK) |
6,435.82 SEK (85,617.11 ISK) |
+16.1 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
3,479.44 SEK (46,287.78 ISK) |
5,479.78 SEK (72,898.79 ISK) |
+57.5 % |
Salaries And Financing | Sweden Edit |
Iceland Edit | |
| Average Monthly Net Salary (After Tax) |
30,210.78 SEK (401,900.69 ISK) |
41,455.88 SEK (551,496.87 ISK) |
+37.2 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 4.55 | 9.76 | +114.4 % |
| Last update: | April 2025 | March 2025 | |
| Contributors in the past 12 months: | 728 | 143 |
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