Cyprus vs Iceland - Cost of Living Comparison

Cyprus Iceland
🚶 Cost of living one person
$1213
$2054
👨‍👩‍👧‍👦 Cost of living Family
$2964
$4429
🏠 One person rent
$660
$1154
🏘️ Family rent
$1289
$1857
🍽️ Food expenses
$375
$646
🚐 Transport expenses
$64.9
$80.9
💳 Monthly salary after tax
$1366
$3402
💸 GDP per capita
$27528
$59264
😃 Human freedom index
8.42
8.77
❤️ Life expectancy
81.1
83.1
👮 Corruption perceptions index
53
74
🌐 English speaking %
72.7%
90%
🎓 Higher education
74
81
😀 Quality of life
74
79
🏙️ Population
1.14M
357K

The average cost of living in Cyprus ($1213) is 41% less expensive than in Iceland ($2054). Cyprus ranked 39th vs 7th 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 1.1 months in Cyprus compared to 1.7 months in Iceland. Ranked 25th and 15th best countries to live in the world.

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the estimated difference in money purchasing power

Cost of living in Cyprus vs Iceland infographic

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Prices in Cyprus vs Iceland

We calculate prices for Cyprus 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.

Cyprus Iceland
Eating Out
🍱 Lunch Menu
$13.4
$16
🥂 Dinner in a Restaurant, for 2
$50.9
$82.3
🥪 Fast food meal, equiv. McDonald's
$6.7
$12.9
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$3.47
$8.36
 Cappuccino
$3.16
$4.52
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$1.51
$2.35
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$631
$1209
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$509
$972
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$1329
$1887
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$1057
$1634
🔌 Utility Bill one person, electricity, heating, water, etc.
$94.6
$70.9
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$145
$109
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$32.4
$63.5
🏦 Mortgage Interest Rate for 20 Years
2.59%
5.27%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$2230
$5314
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$1532
$3930
Transportation
🚌 Local transport ticket
$1.55
$3.59
🎟️ Monthly ticket local transport
$41
$76.5
🚕 Taxi Ride, 8 km or 5 mi
$15
$24.2
 Gas / Petrol, 1 L or 0.26 gal
$1.52
$2.11
Groceries
🥛 Milk, 1 L or 1 qt
$1.44
$1.38
🍞 Bread, 0.5 kg or 1.1 lb
$1.53
$3.37
🍚 Rice, 1 kg or 2.2 lb
$2.13
$3.34
🥚 Eggs, x12
$2.88
$5.66
🧀 Cheese, 1 kg or 2.2 lb
$9.69
$13.3
🐔 Chicken Breast, 1 kg or 2.2 lb
$7.07
$16.3
🥩 Round Steak, 1 kg or 2.2 lb
$9.66
$23.2
🍏 Apples, 1 kg or 2.2 lb
$2.38
$2.74
🍌 Banana, 1 kg or 2.2 lb
$1.55
$2.18
🍊 Oranges, 1 kg or 2.2 lb
$1.61
$2.38
🍅 Tomato, 1 kg or 2.2 lb
$2.23
$4.22
🥔 Potato, 1 kg or 2.2 lb
$1
$2.45
🧅 Onion, 1 kg or 2.2 lb
$0.9
$1.35
🌊 Water, 1 L or 1 qt
$0.63
$1.25
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$2.04
$2.3
🍾 Wine (mid-priced), 750 mL bottle
$6.68
$19.7
🍺 Beer, 0.5 L or 16 fl oz
$1.32
$2.79
🚬 Cigarette pack
$4.82
$11.6
💊 Cold medicince, 1 week
$6.74
$11.6
🧴 Hair Shampoo
$3.74
$5.46
🧻 Toilet paper, 4 rolls
$2.13
$3.91
👄 Toothpaste, 1 tube
$2.63
$2.88
Other
🏋️ Gym Membership, 1 month
$57.4
$59
🎫 Cinema Ticket, 1 person
$9.35
$12
👩‍⚕️ Doctor's visit
$49.7
$43.9
💇 Haircut, simple
$11.3
$36
👖 Brand Jeans
$77.2
$114
👟 Brand Sneakers
$80.4
$151
👶 Daycare or Preschool, 1 month
$342
$288
🏫 International Primary School, 1 year
$6059
$4888

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Cities Comparison in Cyprus vs Iceland

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Cost of Living in Popular cities

In Cyprus

City Cost of living Population
Nicosia
$1164
330K
Limassol
$1520
235K
Larnaca
$1234
59.2K
Paphos
$1023
36K
Paralimni
$1023
15K
Famagusta
$722
40.9K
Aradippou
$900
19.2K
Kyrenia
$754
33.2K
Ypsonas
$943
11.1K
Dali
$930
10.5K

In Iceland

City Cost of living Population
Reykjavik
$2127
129K
Kopavogur
$2132
34.1K
Hafnarfjorur
$1961
28.7K
Akureyri
$1701
18.9K
Keflavik
$1883
16.5K