Cost of Living Comparison Between Switzerland and Iceland 
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| Indices Difference |  |
|---|---|
| Cost of Living in Iceland is 13.1% lower than in Switzerland (excluding rent) | |
| Cost of Living Including Rent in Iceland is 10.2% lower than in Switzerland | |
| Rent Prices in Iceland are 2.3% lower than in Switzerland | |
| Restaurant Prices in Iceland are 1.7% lower than in Switzerland | |
| Groceries Prices in Iceland are 9.9% lower than in Switzerland | |
| Local Purchasing Power in Iceland is 32.1% lower than in Switzerland | |
Restaurants | Switzerland Edit |
Iceland Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
25.00 Fr. (3,809.64 kr) |
20.34 Fr. (3,100.00 kr) |
-18.6 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
105.00 Fr. (16,000.49 kr) |
114.84 Fr. (17,500.00 kr) |
+9.4 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
15.00 Fr. (2,285.78 kr) |
16.41 Fr. (2,500.00 kr) |
+9.4 % |
| Domestic Beer (1 pint draught) |
7.00 Fr. (1,066.70 kr) |
9.84 Fr. (1,500.00 kr) |
+40.6 % |
| Imported Beer (12 oz small bottle) |
6.00 Fr. (914.31 kr) |
8.53 Fr. (1,300.00 kr) |
+42.2 % |
| Cappuccino (regular) |
4.95 Fr. (754.34 kr) |
4.92 Fr. (750.49 kr) |
-0.5 % |
| Coke/Pepsi (12 oz small bottle) |
4.41 Fr. (672.38 kr) |
2.69 Fr. (409.22 kr) |
-39.1 % |
| Water (12 oz small bottle) |
3.98 Fr. (606.49 kr) |
2.15 Fr. (327.63 kr) |
-46.0 % |
Markets | Switzerland Edit |
Iceland Edit | |
| Milk (regular), (1 gallon) |
6.74 Fr. (1,027.67 kr) |
5.75 Fr. (876.70 kr) |
-14.7 % |
| Loaf of Fresh White Bread (1 lb) |
2.75 Fr. (418.76 kr) |
2.99 Fr. (456.11 kr) |
+8.9 % |
| Rice (white), (1 lb) |
1.58 Fr. (240.89 kr) |
1.30 Fr. (198.51 kr) |
-17.6 % |
| Eggs (regular) (12) |
6.01 Fr. (916.20 kr) |
5.33 Fr. (811.62 kr) |
-11.4 % |
| Local Cheese (1 lb) |
10.35 Fr. (1,577.20 kr) |
6.76 Fr. (1,029.73 kr) |
-34.7 % |
| Chicken Fillets (1 lb) |
12.28 Fr. (1,871.43 kr) |
8.86 Fr. (1,350.40 kr) |
-27.8 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
17.80 Fr. (2,712.01 kr) |
15.27 Fr. (2,326.81 kr) |
-14.2 % |
| Apples (1 lb) |
1.34 Fr. (204.40 kr) |
1.15 Fr. (175.18 kr) |
-14.3 % |
| Banana (1 lb) |
0.90 Fr. (136.70 kr) |
0.92 Fr. (139.94 kr) |
+2.4 % |
| Oranges (1 lb) |
1.10 Fr. (167.22 kr) |
1.08 Fr. (163.99 kr) |
-1.9 % |
| Tomato (1 lb) |
2.32 Fr. (353.56 kr) |
1.88 Fr. (286.79 kr) |
-18.9 % |
| Potato (1 lb) |
0.94 Fr. (142.81 kr) |
1.33 Fr. (203.14 kr) |
+42.2 % |
| Onion (1 lb) |
0.88 Fr. (133.68 kr) |
0.83 Fr. (126.29 kr) |
-5.5 % |
| Lettuce (1 head) |
2.10 Fr. (320.08 kr) |
2.64 Fr. (402.25 kr) |
+25.7 % |
| Water (1.5 liter bottle) |
1.11 Fr. (168.39 kr) |
1.84 Fr. (280.71 kr) |
+66.7 % |
| Bottle of Wine (Mid-Range) |
12.00 Fr. (1,828.63 kr) |
19.69 Fr. (3,000.00 kr) |
+64.1 % |
| Domestic Beer (0.5 liter bottle) |
2.07 Fr. (314.86 kr) |
3.04 Fr. (462.58 kr) |
+46.9 % |
| Imported Beer (12 oz small bottle) |
2.50 Fr. (380.31 kr) |
2.55 Fr. (389.06 kr) |
+2.3 % |
| Cigarettes 20 Pack (Marlboro) |
9.00 Fr. (1,371.47 kr) |
11.32 Fr. (1,725.00 kr) |
+25.8 % |
Transportation | Switzerland Edit |
Iceland Edit | |
| One-way Ticket (Local Transport) |
3.40 Fr. (518.11 kr) |
4.27 Fr. (650.00 kr) |
+25.5 % |
| Monthly Pass (Regular Price) |
80.00 Fr. (12,190.85 kr) |
68.25 Fr. (10,400.00 kr) |
-14.7 % |
| Taxi Start (Normal Tariff) |
6.50 Fr. (990.51 kr) |
5.18 Fr. (790.00 kr) |
-20.2 % |
| Taxi 1 mile (Normal Tariff) |
6.28 Fr. (956.44 kr) |
3.42 Fr. (521.43 kr) |
-45.5 % |
| Taxi 1hour Waiting (Normal Tariff) |
70.00 Fr. (10,666.99 kr) |
69.69 Fr. (10,620.00 kr) |
-0.4 % |
| Gasoline (1 gallon) |
6.86 Fr. (1,044.81 kr) |
7.76 Fr. (1,182.00 kr) |
+13.1 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
32,800.00 Fr. (4,998,248.82 kr) |
38,651.94 Fr. (5,890,000.00 kr) |
+17.8 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
33,730.69 Fr. (5,140,072.76 kr) |
43,748.66 Fr. (6,666,666.67 kr) |
+29.7 % |
Utilities (Monthly) | Switzerland Edit |
Iceland Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
214.78 Fr. (32,728.75 kr) |
71.69 Fr. (10,924.64 kr) |
-66.6 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
42.87 Fr. (6,532.19 kr) |
22.49 Fr. (3,427.78 kr) |
-47.5 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
48.60 Fr. (7,406.10 kr) |
67.38 Fr. (10,268.20 kr) |
+38.6 % |
Sports And Leisure | Switzerland Edit |
Iceland Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
72.56 Fr. (11,056.38 kr) |
66.07 Fr. (10,068.26 kr) |
-8.9 % |
| Tennis Court Rent (1 Hour on Weekend) |
38.85 Fr. (5,920.07 kr) |
31.61 Fr. (4,816.67 kr) |
-18.6 % |
| Cinema, International Release, 1 Seat |
20.00 Fr. (3,047.71 kr) |
14.37 Fr. (2,190.00 kr) |
-28.1 % |
Childcare | Switzerland Edit |
Iceland Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
2,450.00 Fr. (373,344.08 kr) |
278.74 Fr. (42,475.25 kr) |
-88.6 % |
| International Primary School, Yearly for 1 Child |
28,250.62 Fr. (4,304,989.42 kr) |
24,571.18 Fr. (3,744,295.00 kr) |
-13.0 % |
Clothing And Shoes | Switzerland Edit |
Iceland Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
106.15 Fr. (16,176.29 kr) |
113.90 Fr. (17,356.84 kr) |
+7.3 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
52.84 Fr. (8,052.27 kr) |
48.80 Fr. (7,436.25 kr) |
-7.7 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
119.66 Fr. (18,233.86 kr) |
143.68 Fr. (21,895.00 kr) |
+20.1 % |
| 1 Pair of Men Leather Business Shoes |
151.61 Fr. (23,102.65 kr) |
194.81 Fr. (29,685.94 kr) |
+28.5 % |
Rent Per Month | Switzerland Edit |
Iceland Edit | |
| Apartment (1 bedroom) in City Centre |
1,664.26 Fr. (253,608.69 kr) |
1,819.67 Fr. (277,291.67 kr) |
+9.3 % |
| Apartment (1 bedroom) Outside of Centre |
1,375.53 Fr. (209,611.08 kr) |
1,636.05 Fr. (249,310.34 kr) |
+18.9 % |
| Apartment (3 bedrooms) in City Centre |
2,954.96 Fr. (450,293.54 kr) |
2,585.29 Fr. (393,961.54 kr) |
-12.5 % |
| Apartment (3 bedrooms) Outside of Centre |
2,463.59 Fr. (375,415.24 kr) |
2,218.54 Fr. (338,074.07 kr) |
-9.9 % |
Buy Apartment Price | Switzerland Edit |
Iceland Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
1,319.07 Fr. (201,007.10 kr) |
561.85 Fr. (85,617.11 kr) |
-57.4 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
1,047.01 Fr. (159,549.61 kr) |
478.38 Fr. (72,898.79 kr) |
-54.3 % |
Salaries And Financing | Switzerland Edit |
Iceland Edit | |
| Average Monthly Net Salary (After Tax) |
5,938.25 Fr. (904,904.31 kr) |
3,618.56 Fr. (551,416.93 kr) |
-39.1 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 2.45 | 9.76 | +298.4 % |
| Last update: | April 2025 | March 2025 | |
| Contributors in the past 12 months: | 813 | 143 |
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