Cost of living
Iceland compared to Spain
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Overview comparison
IcelandSpain
Consumer prices in Iceland are roughly 27% higher than in Spain.
Cost of living
| Item | Iceland | Spain |
|---|
| Total with rent one person | 2,964 | 1,582 |
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| Total with rent family | 4,846 | 2,980 |
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| Without rent one person | 959 | 632 |
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| Without rent one family | 2,730 | 2,148 |
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| Rent & Utilities person | 1,597.82 | 721.36 |
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| Rent & Utilities family | 2,046.76 | 1,374.49 |
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| Food person | 870 | 397 |
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| Food family | 2,184 | 1,074 |
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| Transport person | 77.85 | 97.49 |
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| Transport family | 222.83 | 286.51 |
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| Life expectancy | 80.74 years | 65.43 years |
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Eating Out
| Item | Iceland | Spain |
|---|
| Lunch Menu | 17.65 | 16.71 |
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| Dinner in a Restaurant, for 2 | 129.25 | 56.11 |
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| Fast food meal, equiv. McDonald's | 18.5 | 10.43 |
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| Beer in a Pub, 0.5 L or 16 fl oz | 12.12 | 3.19 |
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| Cappuccino | 4.5 | 2 |
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| Pepsi / Coke, 0.5 L or 16.9 fl oz | 3.66 | 1.91 |
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Rent & Utilities
| Item | Iceland | Spain |
|---|
| 1 bedroom apartment in city Center, 40 m2 or 430 ft2 | 1,800.05 | 899.78 |
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| Cheap 1 bedroom apartment, 40 m2 or 430 ft2 | 1,312.55 | 658.48 |
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| 3 bedroom apartment in city Center, 80 m2 or 860 ft2 | 2,314.52 | 1,323.45 |
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| Cheap 3 bedroom apartment, 80 m2 or 860 ft2 | 2,843.64 | 1,211.17 |
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| Utility Bill one person, electricity, heating, water, etc. | 44.71 | 91.15 |
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| Utility Bill for a Family, electricity, heating, water, etc. | 67.33 | 127.45 |
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| Internet plan, 25 Mbps+ 1 month unlimited | 76.76 | 38.21 |
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Transportation
| Item | Iceland | Spain |
|---|
| Local transport ticket | 7.78 | 3.25 |
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| Monthly ticket local transport | 4,980 | 4,614 |
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| Taxi Ride, 8 km or 5 mi | 4,162 | 2,107 |
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| Gas / Petrol, 1 L or 0.26 gal | 5.47 | 1.81 |
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| Mortgage Interest Rate for 20 Years | 72.85% | 40.82% |
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| Apartment price to Buy in city Center, 1 m2 or 10 ft2 | 22.8 | 14.88 |
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| House price to Buy in Suburbs, 1 m2 or 10 ft2 | 2.33 | 1.53 |
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Groceries
| Item | Iceland | Spain |
|---|
| Milk, 1 L or 1 qt | 1.83 | 1.23 |
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| Bread, 0.5 kg or 1.1 lb | 3.36 | 1.56 |
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| Eggs, x12 | 6.58 | 3.06 |
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| Cheese, 1 kg or 2.2 lb | 14.12 | 12.79 |
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| Chicken Breast, 1 kg or 2.2 lb | 15.81 | 9.31 |
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| Round Steak, 1 kg or 2.2 lb | 40.5 | 14.66 |
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| Banana, 1 kg or 2.2 lb | 2.45 | 1.68 |
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| Water, 1 L or 1 qt | 1.36 | 0.4 |
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Other
| Item | Iceland | Spain |
|---|
| Gym Membership, 1 month | 76.37 | 52.33 |
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| Cinema Ticket, 1 person | 16.72 | 7.7 |
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| Doctors visit | 93.82 | 72.03 |
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| Haircut, simple | 51.01 | 13.06 |
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| Brand Jeans | 119.07 | 77.31 |
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| Brand Sneakers | 169.8 | 68.88 |
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| Daycare or Preschool, 1 month | 220.27 | 410.21 |
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| International Primary School, 1 year | 6,414 | 8,292 |
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