Iceland vs India - Cost of Living Comparison

Updated:

Livingcost

Iceland India
🚶 Cost of living one person
$3200
$425
👨‍👩‍👧‍👦 Cost of living Family
$6660
$1001
🏠 One person rent
$1957
$172
🏘️ Family rent
$2883
$280
🍽️ Food expenses
$907
$164
🚐 Transport expenses
$97.3
$45.1
💳 Monthly salary after tax
$4630
$383
💸 GDP per capita
$86041
$2695
😃 Human freedom index
8.76
6.26
❤️ Life expectancy
82.6
72
👮 Corruption perceptions index
77
39
🌐 English speaking %
98%
15.8%
🎓 Higher education
81
73
😀 Quality of life
94
46
🏙️ Population
387K
1.45B

The average cost of living in Iceland ($3200) is 653% more expensive than in India ($425). Iceland ranked 4th vs 192nd for India in the list of the most expensive countries in the world.

The average after-tax salary is enough to cover living expenses for 1.4 months in Iceland compared to 0.9 months in India. Ranked 11th and 111th best countries to live in the world.

Salary adjustment calculator
the estimated difference in money purchasing power

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Prices in Iceland vs India

We calculate prices for Iceland and India as a population-weighted mean of 5 and 220 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.

Iceland India
Eating Out
🍱 Lunch Menu
$27.8
$3.18
🥂 Dinner in a Restaurant, for 2
$103
$14.5
🥪 Fast food meal, equiv. McDonald's
$20.3
$3.94
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$11.6
$2.2
 Cappuccino
$5.87
$1.93
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$3.21
$0.45
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$2048
$190
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$1758
$126
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$3226
$526
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$2583
$300
🔌 Utility Bill one person, electricity, heating, water, etc.
$55
$27.5
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$84.8
$42.3
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$87.6
$7.68
🏦 Mortgage Interest Rate for 20 Years
8.83%
9.08%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$7289
$1839
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$6333
$889
Transportation
🚌 Local transport ticket
$5.04
$0.35
🎟️ Monthly ticket local transport
$83
$10.4
🚕 Taxi Ride, 8 km or 5 mi
$29
$3.19
 Gas / Petrol, 1 L or 0.26 gal
$2.51
$1.12
Groceries
🥛 Milk, 1 L or 1 qt
$2
$0.68
🍞 Bread, 0.5 kg or 1.1 lb
$4.25
$0.5
🍚 Rice, 1 kg or 2.2 lb
$3.42
$0.72
🥚 Eggs, x12
$6.9
$0.98
🧀 Cheese, 1 kg or 2.2 lb
$19.6
$5.27
🐔 Chicken Breast, 1 kg or 2.2 lb
$25.7
$3.24
🥩 Round Steak, 1 kg or 2.2 lb
$44.8
$5.92
🍏 Apples, 1 kg or 2.2 lb
$3.4
$2.05
🍌 Banana, 1 kg or 2.2 lb
$2.65
$0.71
🍊 Oranges, 1 kg or 2.2 lb
$3.28
$1.12
🍅 Tomato, 1 kg or 2.2 lb
$5.58
$0.52
🥔 Potato, 1 kg or 2.2 lb
$3.46
$0.38
🧅 Onion, 1 kg or 2.2 lb
$2.09
$0.43
🌊 Water, 1 L or 1 qt
$1.26
$0.21
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$3.02
$0.98
🍾 Wine (mid-priced), 750 mL bottle
$23.3
$8.29
🍺 Beer, 0.5 L or 16 fl oz
$3.95
$1.85
🚬 Cigarette pack
$14
$3.68
💊 Cold medicince, 1 week
$12.7
$1.63
🧴 Hair Shampoo
$5.91
$2.81
🧻 Toilet paper, 4 rolls
$5.24
$1.59
👄 Toothpaste, 1 tube
$3.64
$0.8
Other
🏋️ Gym Membership, 1 month
$88.2
$17.1
🎫 Cinema Ticket, 1 person
$17.9
$3.67
👩‍⚕️ Doctor's visit
$93.5
$16.7
💇 Haircut, simple
$46.2
$2.6
👖 Brand Jeans
$139
$25.7
👟 Brand Sneakers
$169
$47
👶 Daycare or Preschool, 1 month
$406
$71.2
🏫 International Primary School, 1 year
$30488
$2121

Cost of living in other countries

Cost of living

Cities Comparison in Iceland vs India

More countries to compare

Cost of Living in Popular cities

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

In India

City Cost of living Population
Delhi
$507
26.5M
Mumbai
$733
15.4M
Bangalore
$523
12.3M
Hyderabad
$462
9.31M
Ahmedabad
$437
7.65M
Pune
$502
5.95M
Chennai
$430
6.6M
Surat
$693
5.94M
Kolkata
$364
4.5M
Lucknow
$340
3.38M
Kanpur
$314
3.07M
Thane
$475
1.89M
Jaipur
$382
3.07M
Ghaziabad
$382
2.38M
Faridabad
$362
1.4M
Vadodara
$382
2.07M
Nagpur
$548
2.41M
Agra
$375
1.59M
Vasai
$294
1.22M
Nashik
$346
1.49M
Navi Mumbai
$504
1.12M
Allahabad
$300
1.54M
Kalyan
$379
1.25M
Bhopal
$360
1.8M
Meerut
$337
1.31M
Mysore
$349
1.27M
Indore
$355
1.99M
Aurangabad
$344
1.18M
Ludhiana
$414
1.62M
Jodhpur
$330
1.51M