Cyprus vs Iceland - Cost of Living Comparison

Cyprus Iceland
🚶 Cost of living one person
$1530
$2457
👨‍👩‍👧‍👦 Cost of living Family
$3578
$5255
🏠 One person rent
$890
$1417
🏘️ Family rent
$1639
$2293
🍽️ Food expenses
$431
$755
🚐 Transport expenses
$77.4
$88.9
💳 Monthly salary after tax
$1564
$3686
💸 GDP per capita
$31284
$72903
😃 Human freedom index
8.13
8.64
❤️ Life expectancy
81.2
83.1
👮 Corruption perceptions index
52
74
🌐 English speaking %
72.7%
98%
🎓 Higher education
74
81
😀 Quality of life
79
92
🏙️ Population
1.14M
364K

The average cost of living in Cyprus ($1530) is 38% less expensive than in Iceland ($2457). Cyprus ranked 30th 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 1 months in Cyprus compared to 1.5 months in Iceland. Ranked 34th and 12th best countries to live in the world.

Salary adjustment calculator
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
$14.6
$20
🥂 Dinner in a Restaurant, for 2
$57
$109
🥪 Fast food meal, equiv. McDonald's
$7.97
$15.8
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$3.91
$10.1
 Cappuccino
$3.83
$4.78
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$1.86
$2.75
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$869
$1470
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$689
$1245
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$1684
$2372
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$1333
$2074
🔌 Utility Bill one person, electricity, heating, water, etc.
$133
$57.7
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$206
$89.5
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$34.3
$69.9
🏦 Mortgage Interest Rate for 20 Years
3.19%
6.28%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$2769
$5603
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$2012
$4267
Transportation
🚌 Local transport ticket
$1.99
$4.2
🎟️ Monthly ticket local transport
$44.6
$71.2
🚕 Taxi Ride, 8 km or 5 mi
$19.6
$27.7
 Gas / Petrol, 1 L or 0.26 gal
$1.66
$2.35
Groceries
🥛 Milk, 1 L or 1 qt
$1.74
$1.63
🍞 Bread, 0.5 kg or 1.1 lb
$1.76
$3.58
🍚 Rice, 1 kg or 2.2 lb
$2.15
$3.47
🥚 Eggs, x12
$3.88
$6.29
🧀 Cheese, 1 kg or 2.2 lb
$12
$14.1
🐔 Chicken Breast, 1 kg or 2.2 lb
$8.92
$18.3
🥩 Round Steak, 1 kg or 2.2 lb
$11.4
$29.3
🍏 Apples, 1 kg or 2.2 lb
$2.6
$3.1
🍌 Banana, 1 kg or 2.2 lb
$1.86
$2.27
🍊 Oranges, 1 kg or 2.2 lb
$1.81
$2.63
🍅 Tomato, 1 kg or 2.2 lb
$2.87
$4.67
🥔 Potato, 1 kg or 2.2 lb
$1.33
$2.68
🧅 Onion, 1 kg or 2.2 lb
$1.09
$1.44
🌊 Water, 1 L or 1 qt
$0.65
$1.39
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$2.48
$2.37
🍾 Wine (mid-priced), 750 mL bottle
$8.57
$20.5
🍺 Beer, 0.5 L or 16 fl oz
$1.69
$3.12
🚬 Cigarette pack
$5.25
$11.8
💊 Cold medicince, 1 week
$6.76
$12.8
🧴 Hair Shampoo
$4.22
$5.92
🧻 Toilet paper, 4 rolls
$2.43
$4.98
👄 Toothpaste, 1 tube
$2.67
$3.24
Other
🏋️ Gym Membership, 1 month
$64.2
$66.4
🎫 Cinema Ticket, 1 person
$10.3
$14.3
👩‍⚕️ Doctor's visit
$52.3
$78
💇 Haircut, simple
$12.8
$36.7
👖 Brand Jeans
$96.7
$114
👟 Brand Sneakers
$101
$148
👶 Daycare or Preschool, 1 month
$412
$263
🏫 International Primary School, 1 year
$6976
$4708

Cost of living in other countries

Cost of living

Cities Comparison in Cyprus vs Iceland

More countries to compare

Cost of Living in Popular cities

In Cyprus

City Cost of living Population
Nicosia
$1299
330K
Limassol
$2120
235K
Larnaca
$1477
59.2K
Paphos
$1344
36K
Aradippou
$1126
19.2K
Paralimni
$1027
15K
Famagusta
$1180
40.9K
Kyrenia
$941
33.2K
Ypsonas
$1594
11.1K
Dali
$1099
10.5K

In Iceland

City Cost of living Population
Reykjavik
$2592
140K
Kopavogur
$2388
39.8K
Hafnarfjorur
$2426
30.6K
Akureyri
$2052
19.9K
Keflavik
$2027
16.5K