Cyprus vs Iceland - Cost of Living Comparison

Updated:

Livingcost

Cyprus Iceland
🚶 Cost of living one person
$1600
$2685
👨‍👩‍👧‍👦 Cost of living Family
$3794
$5605
🏠 One person rent
$922
$1593
🏘️ Family rent
$1727
$2495
🍽️ Food expenses
$470
$794
🚐 Transport expenses
$78.5
$85.7
💳 Monthly salary after tax
$1857
$3865
💸 GDP per capita
$34701
$78811
😃 Human freedom index
8.15
8.73
❤️ Life expectancy
81.9
82.2
👮 Corruption perceptions index
53
72
🌐 English speaking %
72.7%
98%
🎓 Higher education
73
81
😀 Quality of life
78
92
🏙️ Population
1.14M
364K

The average cost of living in Cyprus ($1600) is 40% less expensive than in Iceland ($2685). Cyprus ranked 28th 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 1.2 months in Cyprus compared to 1.4 months in Iceland. Ranked 32nd and 11th 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
$16.2
$22.1
🥂 Dinner in a Restaurant, for 2
$64.3
$115
🥪 Fast food meal, equiv. McDonald's
$8.31
$18.3
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$3.94
$10.4
 Cappuccino
$3.83
$5.1
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$1.88
$2.95
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$914
$1639
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$719
$1432
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$1752
$2535
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$1427
$2304
🔌 Utility Bill one person, electricity, heating, water, etc.
$131
$46.2
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$202
$71.2
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$33.3
$73.9
🏦 Mortgage Interest Rate for 20 Years
3.96%
7.22%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$3513
$5677
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$2738
$4632
Transportation
🚌 Local transport ticket
$2.35
$4.47
🎟️ Monthly ticket local transport
$48.8
$74.2
🚕 Taxi Ride, 8 km or 5 mi
$18.8
$24.9
 Gas / Petrol, 1 L or 0.26 gal
$1.57
$2.28
Groceries
🥛 Milk, 1 L or 1 qt
$1.83
$1.67
🍞 Bread, 0.5 kg or 1.1 lb
$1.9
$3.6
🍚 Rice, 1 kg or 2.2 lb
$2.44
$3.11
🥚 Eggs, x12
$4.13
$5.77
🧀 Cheese, 1 kg or 2.2 lb
$13.7
$15.4
🐔 Chicken Breast, 1 kg or 2.2 lb
$9.27
$19.7
🥩 Round Steak, 1 kg or 2.2 lb
$13.4
$33.9
🍏 Apples, 1 kg or 2.2 lb
$2.77
$2.88
🍌 Banana, 1 kg or 2.2 lb
$1.98
$2.31
🍊 Oranges, 1 kg or 2.2 lb
$1.97
$2.69
🍅 Tomato, 1 kg or 2.2 lb
$2.86
$4.65
🥔 Potato, 1 kg or 2.2 lb
$1.41
$2.99
🧅 Onion, 1 kg or 2.2 lb
$1.36
$1.84
🌊 Water, 1 L or 1 qt
$0.64
$1.28
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$2.41
$2.74
🍾 Wine (mid-priced), 750 mL bottle
$8.22
$21.3
🍺 Beer, 0.5 L or 16 fl oz
$1.75
$3.27
🚬 Cigarette pack
$5.44
$12
💊 Cold medicince, 1 week
$9.59
$11.6
🧴 Hair Shampoo
$4.29
$5.35
🧻 Toilet paper, 4 rolls
$2.35
$4.7
👄 Toothpaste, 1 tube
$2.58
$3.32
Other
🏋️ Gym Membership, 1 month
$66.3
$67.9
🎫 Cinema Ticket, 1 person
$11.2
$14.9
👩‍⚕️ Doctor's visit
$51.8
$84.3
💇 Haircut, simple
$12.3
$47.3
👖 Brand Jeans
$88
$113
👟 Brand Sneakers
$99.3
$152
👶 Daycare or Preschool, 1 month
$453
$257
🏫 International Primary School, 1 year
$8059
$6163

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
$1352
330K
Limassol
$2130
235K
Larnaca
$1559
59.2K
Kyrenia
$1216
33.2K
Paphos
$1528
36K
Ypsonas
$1832
11.1K
Aradippou
$1242
19.2K
Famagusta
$1331
40.9K
Paralimni
$1150
15K
Dali
$1356
10.5K

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