Albania vs Iceland - Cost of Living Comparison

Updated:

Livingcost

Albania Iceland
🚶 Cost of living one person
$925
$2685
👨‍👩‍👧‍👦 Cost of living Family
$2186
$5605
🏠 One person rent
$402
$1593
🏘️ Family rent
$637
$2495
🍽️ Food expenses
$352
$794
🚐 Transport expenses
$79.3
$85.7
💳 Monthly salary after tax
$628
$3865
💸 GDP per capita
$8368
$78811
😃 Human freedom index
7.67
8.73
❤️ Life expectancy
76.8
82.2
👮 Corruption perceptions index
37
72
🌐 English speaking %
16%
98%
🎓 Higher education
43
81
😀 Quality of life
56
92
🏙️ Population
2.79M
364K

The average cost of living in Albania ($925) is 66% less expensive than in Iceland ($2685). Albania ranked 98th vs 5th for Iceland in the list of the most expensive countries in the world.

The average after-tax salary is enough to cover living expenses for 0.7 months in Albania compared to 1.4 months in Iceland. Ranked 67th and 11th best countries to live in the world.

Salary adjustment calculator
the estimated difference in money purchasing power

Cost of living in Albania vs Iceland infographic

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Prices in Albania vs Iceland

We calculate prices for Albania and Iceland as a population-weighted mean of 10 and 5 cities, respectively. Since large cities tend to have a higher cost of living, it's better to visit specific city pages below for more relevant information.

Albania Iceland
Eating Out
🍱 Lunch Menu
$9.17
$22.1
🥂 Dinner in a Restaurant, for 2
$40.2
$115
🥪 Fast food meal, equiv. McDonald's
$7.3
$18.3
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$2.76
$10.4
 Cappuccino
$1.91
$5.1
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$1.66
$2.95
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$415
$1639
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$298
$1432
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$711
$2535
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$476
$2304
🔌 Utility Bill one person, electricity, heating, water, etc.
$62.9
$46.2
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$97.1
$71.2
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$17.1
$73.9
🏦 Mortgage Interest Rate for 20 Years
5.13%
7.22%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$2124
$5677
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$1254
$4632
Transportation
🚌 Local transport ticket
$0.49
$4.47
🎟️ Monthly ticket local transport
$17.7
$74.2
🚕 Taxi Ride, 8 km or 5 mi
$29.2
$24.9
 Gas / Petrol, 1 L or 0.26 gal
$2.15
$2.28
Groceries
🥛 Milk, 1 L or 1 qt
$1.94
$1.67
🍞 Bread, 0.5 kg or 1.1 lb
$0.89
$3.6
🍚 Rice, 1 kg or 2.2 lb
$2.01
$3.11
🥚 Eggs, x12
$3.36
$5.77
🧀 Cheese, 1 kg or 2.2 lb
$11.7
$15.4
🐔 Chicken Breast, 1 kg or 2.2 lb
$7.46
$19.7
🥩 Round Steak, 1 kg or 2.2 lb
$13.5
$33.9
🍏 Apples, 1 kg or 2.2 lb
$1.41
$2.88
🍌 Banana, 1 kg or 2.2 lb
$2.53
$2.31
🍊 Oranges, 1 kg or 2.2 lb
$1.63
$2.69
🍅 Tomato, 1 kg or 2.2 lb
$1.54
$4.65
🥔 Potato, 1 kg or 2.2 lb
$1.04
$2.99
🧅 Onion, 1 kg or 2.2 lb
$1.18
$1.84
🌊 Water, 1 L or 1 qt
$0.46
$1.28
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$1.99
$2.74
🍾 Wine (mid-priced), 750 mL bottle
$10.3
$21.3
🍺 Beer, 0.5 L or 16 fl oz
$1.42
$3.27
🚬 Cigarette pack
$3.82
$12
💊 Cold medicince, 1 week
$8.15
$11.6
🧴 Hair Shampoo
$4.89
$5.35
🧻 Toilet paper, 4 rolls
$2.55
$4.7
👄 Toothpaste, 1 tube
$3.3
$3.32
Other
🏋️ Gym Membership, 1 month
$43.4
$67.9
🎫 Cinema Ticket, 1 person
$8.55
$14.9
👩‍⚕️ Doctor's visit
$26.3
$84.3
💇 Haircut, simple
$4.36
$47.3
👖 Brand Jeans
$63.2
$113
👟 Brand Sneakers
$101
$152
👶 Daycare or Preschool, 1 month
$175
$257
🏫 International Primary School, 1 year
$4498
$6163

Cost of living in other countries

Cost of living

Cities Comparison in Albania vs Iceland

More countries to compare

Cost of Living in Popular cities

In Albania

City Cost of living Population
Tirana
$1086
418K
Kamez
$936
127K
Durres
$787
113K
Vlore
$902
131K
Elbasan
$676
78.7K
Shkoder
$852
76K
Sarande
$956
41K
Korce
$792
51.2K
Fier
$657
55.8K
Berat
$808
36.5K

In Iceland

City Cost of living Population
Reykjavik
$2915
140K
Kopavogur
$2371
39.8K
Hafnarfjorur
$2602
30.6K
Akureyri
$2300
19.9K
Keflavik
$2091
15.9K