Iceland vs Ireland - Cost of Living Comparison

Updated:

Livingcost

Iceland Ireland
🚶 Cost of living one person
$3095
$2744
👨‍👩‍👧‍👦 Cost of living Family
$6558
$5924
🏠 One person rent
$1872
$1825
🏘️ Family rent
$2826
$3044
🍽️ Food expenses
$889
$638
🚐 Transport expenses
$94.9
$118
💳 Monthly salary after tax
$4513
$3931
💸 GDP per capita
$86041
$113K
😃 Human freedom index
8.76
8.92
❤️ Life expectancy
82.6
82.9
👮 Corruption perceptions index
77
76
🌐 English speaking %
98%
97.5%
🎓 Higher education
81
89
😀 Quality of life
94
95
🏙️ Population
387K
5.4M

The average cost of living in Iceland ($3095) is 13% more expensive than in Ireland ($2744). Iceland ranked 5th vs 8th for Ireland in the list of the most expensive countries in the world.

The average after-tax salary is enough to cover living expenses for 1.5 months in Iceland compared to 1.4 months in Ireland. Ranked 10th and 6th 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 Ireland

We calculate prices for Iceland and Ireland as a population-weighted mean of 5 and 12 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 Ireland
Eating Out
🍱 Lunch Menu
$27.5
$19.4
🥂 Dinner in a Restaurant, for 2
$97.8
$88.9
🥪 Fast food meal, equiv. McDonald's
$20.1
$13.1
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$12
$7.98
 Cappuccino
$6.1
$4.79
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$3.19
$2.93
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$2025
$1858
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$1664
$1534
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$3195
$3299
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$2529
$2616
🔌 Utility Bill one person, electricity, heating, water, etc.
$54.1
$152
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$83.4
$233
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$81.9
$51.9
🏦 Mortgage Interest Rate for 20 Years
8.73%
3.93%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$7334
$6911
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$6266
$4676
Transportation
🚌 Local transport ticket
$4.92
$2.26
🎟️ Monthly ticket local transport
$84
$89.8
🚕 Taxi Ride, 8 km or 5 mi
$28.5
$18.8
 Gas / Petrol, 1 L or 0.26 gal
$2.15
$2.08
Groceries
🥛 Milk, 1 L or 1 qt
$2.02
$1.63
🍞 Bread, 0.5 kg or 1.1 lb
$4.05
$2.25
🍚 Rice, 1 kg or 2.2 lb
$3.33
$2.06
🥚 Eggs, x12
$6.99
$4.74
🧀 Cheese, 1 kg or 2.2 lb
$19.7
$13
🐔 Chicken Breast, 1 kg or 2.2 lb
$24.6
$12.4
🥩 Round Steak, 1 kg or 2.2 lb
$44
$16.5
🍏 Apples, 1 kg or 2.2 lb
$3.27
$3.13
🍌 Banana, 1 kg or 2.2 lb
$2.65
$2.47
🍊 Oranges, 1 kg or 2.2 lb
$3.11
$2.9
🍅 Tomato, 1 kg or 2.2 lb
$5.77
$4.59
🥔 Potato, 1 kg or 2.2 lb
$3.57
$1.86
🧅 Onion, 1 kg or 2.2 lb
$1.78
$1.61
🌊 Water, 1 L or 1 qt
$1.16
$1.43
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$2.99
$3.65
🍾 Wine (mid-priced), 750 mL bottle
$22.3
$14.8
🍺 Beer, 0.5 L or 16 fl oz
$3.72
$3.67
🚬 Cigarette pack
$13.5
$20.4
💊 Cold medicince, 1 week
$11.6
$8.88
🧴 Hair Shampoo
$5.79
$7.32
🧻 Toilet paper, 4 rolls
$5.16
$3.09
👄 Toothpaste, 1 tube
$3.61
$3.89
Other
🏋️ Gym Membership, 1 month
$84.3
$58.7
🎫 Cinema Ticket, 1 person
$18.3
$14.5
👩‍⚕️ Doctor's visit
$92.5
$72.4
💇 Haircut, simple
$47.3
$19.6
👖 Brand Jeans
$140
$106
👟 Brand Sneakers
$170
$113
👶 Daycare or Preschool, 1 month
$469
$1233
🏫 International Primary School, 1 year
$30026
$9516

Cost of living in other countries

Cost of living

Cities Comparison in Iceland vs Ireland

More countries to compare

Cost of Living in Popular cities

In Iceland

City Cost of living Population
Reykjavik
$3205
139K
Kopavogur
$3092
40K
Hafnarfjorur
$3106
31.5K
Akureyri
$2921
20.1K
Keflavik
$2581
23.3K

In Ireland

City Cost of living Population
Dublin
$3020
593K
Cork
$2634
222K
Galway
$3003
83.5K
Limerick
$1985
62.7K
Waterford
$2373
48.4K
Swords
$2464
40.8K
Drogheda
$2518
41K
Dundalk
$2264
39K
Tralee
$1991
26.1K
Naas
$2480
21.4K
Kilkenny
$2012
22.2K
Wexford
$2043
20.2K