Cost of living
Iceland compared to Austria
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Overview comparison
IcelandAustria
Consumer prices in Austria are roughly 8% higher than in Iceland.
Cost of living
| Item | Iceland | Austria |
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| Total with rent one person | 2,964 | 1,523 |
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| Total with rent family | 4,846 | 4,975 |
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| Without rent one person | 959 | 819 |
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| Without rent one family | 2,730 | 2,594 |
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| Rent & Utilities person | 1,597.82 | 780.61 |
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| Rent & Utilities family | 2,046.76 | 1,746.44 |
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| Food person | 870 | 556 |
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| Food family | 2,184 | 1,309 |
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| Transport person | 77.85 | 141.18 |
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| Transport family | 222.83 | 400.62 |
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| Life expectancy | 80.74 years | 61.54 years |
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Eating Out
| Item | Iceland | Austria |
|---|
| Lunch Menu | 17.65 | 17.59 |
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| Dinner in a Restaurant, for 2 | 129.25 | 72.1 |
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| Fast food meal, equiv. McDonald's | 18.5 | 10.61 |
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| Beer in a Pub, 0.5 L or 16 fl oz | 12.12 | 5.5 |
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| Cappuccino | 4.5 | 3.43 |
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| Pepsi / Coke, 0.5 L or 16.9 fl oz | 3.66 | 3.25 |
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Rent & Utilities
| Item | Iceland | Austria |
|---|
| 1 bedroom apartment in city Center, 40 m2 or 430 ft2 | 1,800.05 | 968.35 |
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| Cheap 1 bedroom apartment, 40 m2 or 430 ft2 | 1,312.55 | 632.37 |
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| 3 bedroom apartment in city Center, 80 m2 or 860 ft2 | 2,314.52 | 2,020.32 |
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| Cheap 3 bedroom apartment, 80 m2 or 860 ft2 | 2,843.64 | 1,446.27 |
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| Utility Bill one person, electricity, heating, water, etc. | 44.71 | 180.68 |
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| Utility Bill for a Family, electricity, heating, water, etc. | 67.33 | 355.18 |
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| Internet plan, 25 Mbps+ 1 month unlimited | 76.76 | 29.5 |
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Transportation
| Item | Iceland | Austria |
|---|
| Local transport ticket | 7.78 | 3.68 |
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| Monthly ticket local transport | 4,980 | 7,529 |
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| Taxi Ride, 8 km or 5 mi | 4,162 | 5,644 |
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| Gas / Petrol, 1 L or 0.26 gal | 5.47 | 2.51 |
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| Mortgage Interest Rate for 20 Years | 72.85% | 55.11% |
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| Apartment price to Buy in city Center, 1 m2 or 10 ft2 | 22.8 | 20.53 |
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| House price to Buy in Suburbs, 1 m2 or 10 ft2 | 2.33 | 2.05 |
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Groceries
| Item | Iceland | Austria |
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| Milk, 1 L or 1 qt | 1.83 | 1.8 |
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| Bread, 0.5 kg or 1.1 lb | 3.36 | 2.35 |
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| Eggs, x12 | 6.58 | 3.77 |
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| Cheese, 1 kg or 2.2 lb | 14.12 | 16.09 |
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| Chicken Breast, 1 kg or 2.2 lb | 15.81 | 14.84 |
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| Round Steak, 1 kg or 2.2 lb | 40.5 | 24.46 |
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| Banana, 1 kg or 2.2 lb | 2.45 | 2.36 |
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| Water, 1 L or 1 qt | 1.36 | 0.49 |
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Other
| Item | Iceland | Austria |
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| Gym Membership, 1 month | 76.37 | 37.79 |
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| Cinema Ticket, 1 person | 16.72 | 15.11 |
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| Doctors visit | 93.82 | 130.97 |
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| Haircut, simple | 51.01 | 22.99 |
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| Brand Jeans | 119.07 | 118.71 |
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| Brand Sneakers | 169.8 | 88.95 |
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| Daycare or Preschool, 1 month | 220.27 | 313.64 |
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| International Primary School, 1 year | 6,414 | 11,683 |
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