Czech Republic vs Iceland - Cost of Living Comparison

Updated:

Livingcost

Czech Republic Iceland
🚶 Cost of living one person
$1490
$3200
👨‍👩‍👧‍👦 Cost of living Family
$3446
$6660
🏠 One person rent
$875
$1957
🏘️ Family rent
$1461
$2883
🍽️ Food expenses
$419
$907
🚐 Transport expenses
$73.2
$97.3
💳 Monthly salary after tax
$1845
$4630
💸 GDP per capita
$31823
$86041
😃 Human freedom index
8.82
8.76
❤️ Life expectancy
79.9
82.6
👮 Corruption perceptions index
59
77
🌐 English speaking %
50.7%
98%
🎓 Higher education
91
81
😀 Quality of life
83
94
🏙️ Population
10.9M
387K

The average cost of living in the Czech Republic ($1490) is 53% less expensive than in Iceland ($3200). the Czech Republic ranked 39th vs 4th 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 the Czech Republic compared to 1.4 months in Iceland. Ranked 31st and 11th best countries to live in the world.

Salary adjustment calculator
the estimated difference in money purchasing power

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Prices in the Czech Republic vs Iceland

We calculate prices for the Czech Republic and Iceland as a population-weighted mean of 58 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.

Czech Republic Iceland
Eating Out
🍱 Lunch Menu
$10.1
$27.8
🥂 Dinner in a Restaurant, for 2
$46.5
$103
🥪 Fast food meal, equiv. McDonald's
$9.84
$20.3
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$2.58
$11.6
 Cappuccino
$3.45
$5.87
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$1.94
$3.21
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$780
$2048
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$642
$1758
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$1556
$3226
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$1156
$2583
🔌 Utility Bill one person, electricity, heating, water, etc.
$186
$55
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$286
$84.8
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$21.6
$87.6
🏦 Mortgage Interest Rate for 20 Years
4.94%
8.83%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$6198
$7289
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$4567
$6333
Transportation
🚌 Local transport ticket
$1.4
$5.04
🎟️ Monthly ticket local transport
$27
$83
🚕 Taxi Ride, 8 km or 5 mi
$15.6
$29
 Gas / Petrol, 1 L or 0.26 gal
$1.75
$2.51
Groceries
🥛 Milk, 1 L or 1 qt
$1.26
$2
🍞 Bread, 0.5 kg or 1.1 lb
$1.54
$4.25
🍚 Rice, 1 kg or 2.2 lb
$2.33
$3.42
🥚 Eggs, x12
$3.59
$6.9
🧀 Cheese, 1 kg or 2.2 lb
$13.2
$19.6
🐔 Chicken Breast, 1 kg or 2.2 lb
$9.95
$25.7
🥩 Round Steak, 1 kg or 2.2 lb
$14.6
$44.8
🍏 Apples, 1 kg or 2.2 lb
$1.89
$3.4
🍌 Banana, 1 kg or 2.2 lb
$1.83
$2.65
🍊 Oranges, 1 kg or 2.2 lb
$2.28
$3.28
🍅 Tomato, 1 kg or 2.2 lb
$3.56
$5.58
🥔 Potato, 1 kg or 2.2 lb
$1.34
$3.46
🧅 Onion, 1 kg or 2.2 lb
$1.23
$2.09
🌊 Water, 1 L or 1 qt
$0.55
$1.26
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$1.89
$3.02
🍾 Wine (mid-priced), 750 mL bottle
$7.36
$23.3
🍺 Beer, 0.5 L or 16 fl oz
$1.06
$3.95
🚬 Cigarette pack
$7.74
$14
💊 Cold medicince, 1 week
$10.7
$12.7
🧴 Hair Shampoo
$4.6
$5.91
🧻 Toilet paper, 4 rolls
$2.27
$5.24
👄 Toothpaste, 1 tube
$2.94
$3.64
Other
🏋️ Gym Membership, 1 month
$60.1
$88.2
🎫 Cinema Ticket, 1 person
$10.9
$17.9
👩‍⚕️ Doctor's visit
$35.7
$93.5
💇 Haircut, simple
$13.3
$46.2
👖 Brand Jeans
$90.2
$139
👟 Brand Sneakers
$108
$169
👶 Daycare or Preschool, 1 month
$666
$406
🏫 International Primary School, 1 year
$12734
$30488

Cost of living in other countries

Cost of living

Cities Comparison in the Czech Republic vs Iceland

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Cost of Living in Popular cities

In the Czech Republic

City Cost of living Population
Prague
$1909
1.4M
Brno
$1639
403K
Ostrava
$1253
283K
Plzen
$1364
188K
Liberec
$1188
108K
Hradec Kralove
$1288
94.3K
Olomouc
$1316
103K
Ceske Budejovice
$1346
97.2K
Pardubice
$1265
92.3K
Usti nad Labem
$1093
90.9K
Zizkov
$1696
58.3K
Kladno
$1375
69.7K
Zlin
$1404
74.7K
Mlada Boleslav
$1244
47.3K
Havirov
$1026
68.7K
Jihlava
$1133
54.6K
Most
$1103
63.5K
Opava
$1155
55.1K
Smichov
$1720
35K
Frydek-Mistek
$1135
53.6K
Decin
$1227
46.4K
Teplice
$1006
50.9K
Karlovy Vary
$1196
49.1K
Karvina
$1090
48.9K
Chomutov
$1200
46.8K
Jablonec nad Nisou
$1188
46.2K
Prostejov
$1247
43.4K
Ceska Lipa
$1273
36.8K
Tabor
$1114
34.4K
Brevnov
$1678
25.8K

In Iceland

City Cost of living Population
Reykjavik
$3322
139K
Kopavogur
$3219
40K
Hafnarfjorur
$3212
31.5K
Akureyri
$2974
20.1K
Keflavik
$2621
23.3K