Iceland vs Palau - Cost of Living Comparison

Updated:

Livingcost

Iceland Palau
🚶 Cost of living one person
$3200
$1176
👨‍👩‍👧‍👦 Cost of living Family
$6660
$2696
🏠 One person rent
$1957
$589
🏘️ Family rent
$2883
$940
🍽️ Food expenses
$907
$440
🚐 Transport expenses
$97.3
$37.6
💳 Monthly salary after tax
$4630
$822
💸 GDP per capita
$86041
$15611
😃 Human freedom index
8.76
6.4
❤️ Life expectancy
82.6
69.3
👮 Corruption perceptions index
77
49
🌐 English speaking %
98%
92.5%
🎓 Higher education
81
1
😀 Quality of life
94
52
🏙️ Population
387K
17.7K

The average cost of living in Iceland ($3200) is 172% more expensive than in Palau ($1176). Iceland ranked 4th vs 70th for Palau 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 0.7 months in Palau. Ranked 11th and 86th 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 Palau

We calculate prices for Iceland and Palau as a population-weighted mean of 5 and 2 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 Palau
Eating Out
🍱 Lunch Menu
$27.8
$10.6
🥂 Dinner in a Restaurant, for 2
$103
$51.9
🥪 Fast food meal, equiv. McDonald's
$20.3
$6
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$11.6
$7.03
 Cappuccino
$5.87
$5
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$3.21
$1.32
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$2048
$486
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$1758
$364
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$3226
$1087
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$2583
$792
🔌 Utility Bill one person, electricity, heating, water, etc.
$55
$80.2
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$84.8
$123
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$87.6
$120
🏦 Mortgage Interest Rate for 20 Years
8.83%
23.34%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$7289
$1697
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$6333
$1311
Transportation
🚌 Local transport ticket
$5.04
$0.66
🎟️ Monthly ticket local transport
$83
$27.1
🚕 Taxi Ride, 8 km or 5 mi
$29
$10.6
 Gas / Petrol, 1 L or 0.26 gal
$2.51
$2.2
Groceries
🥛 Milk, 1 L or 1 qt
$2
$2.67
🍞 Bread, 0.5 kg or 1.1 lb
$4.25
$2.03
🍚 Rice, 1 kg or 2.2 lb
$3.42
$2.02
🥚 Eggs, x12
$6.9
$4.54
🧀 Cheese, 1 kg or 2.2 lb
$19.6
$22
🐔 Chicken Breast, 1 kg or 2.2 lb
$25.7
$8.54
🥩 Round Steak, 1 kg or 2.2 lb
$44.8
$13.4
🍏 Apples, 1 kg or 2.2 lb
$3.4
$4.23
🍌 Banana, 1 kg or 2.2 lb
$2.65
$1.91
🍊 Oranges, 1 kg or 2.2 lb
$3.28
$1.7
🍅 Tomato, 1 kg or 2.2 lb
$5.58
$1.9
🥔 Potato, 1 kg or 2.2 lb
$3.46
$2.1
🧅 Onion, 1 kg or 2.2 lb
$2.09
$1.01
🌊 Water, 1 L or 1 qt
$1.26
$0.62
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$3.02
$3.44
🍾 Wine (mid-priced), 750 mL bottle
$23.3
$22
🍺 Beer, 0.5 L or 16 fl oz
$3.95
$3.33
🚬 Cigarette pack
$14
$8.07
💊 Cold medicince, 1 week
$12.7
$5.12
🧴 Hair Shampoo
$5.91
$3
🧻 Toilet paper, 4 rolls
$5.24
$1.48
👄 Toothpaste, 1 tube
$3.64
$1.62
Other
🏋️ Gym Membership, 1 month
$88.2
$69.7
🎫 Cinema Ticket, 1 person
$17.9
$5.6
👩‍⚕️ Doctor's visit
$93.5
$50
💇 Haircut, simple
$46.2
$5.57
👖 Brand Jeans
$139
$53.6
👟 Brand Sneakers
$169
$122
👶 Daycare or Preschool, 1 month
$406
$398
🏫 International Primary School, 1 year
$30488
$7895

Cost of living in other countries

Cost of living

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 Palau

City Cost of living Population
Melekeok
$1176
299
Ngerulmud
$1175
271