Iceland vs Serbia - Cost of Living Comparison

Updated:

Livingcost

Iceland Serbia
🚶 Cost of living one person
$3155
$1101
👨‍👩‍👧‍👦 Cost of living Family
$6609
$2586
🏠 One person rent
$1927
$573
🏘️ Family rent
$2883
$962
🍽️ Food expenses
$891
$359
🚐 Transport expenses
$96.3
$66.7
💳 Monthly salary after tax
$4513
$956
💸 GDP per capita
$82704
$13524
😃 Human freedom index
8.8
7.08
❤️ Life expectancy
82.6
76.2
👮 Corruption perceptions index
77
35
🌐 English speaking %
98%
55%
🎓 Higher education
81
83
😀 Quality of life
92
63
🏙️ Population
405K
6.59M

The average cost of living in Iceland ($3155) is 187% more expensive than in Serbia ($1101). Iceland ranked 5th vs 80th for Serbia 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 Serbia. Ranked 8th and 62nd best countries to live in the world.

Salary adjustment calculator
the estimated difference in money purchasing power

Cost of living in Iceland vs Serbia infographic

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Prices in Iceland vs Serbia

We calculate prices for Iceland and Serbia as a population-weighted mean of 5 and 10 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 Serbia
Eating Out
🍱 Lunch Menu
$27.3
$10.6
🥂 Dinner in a Restaurant, for 2
$89.2
$41.9
🥪 Fast food meal, equiv. McDonald's
$20.5
$10.2
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$11.9
$2.96
 Cappuccino
$5.82
$2.4
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$3.07
$2.32
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$1987
$567
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$1747
$389
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$3141
$1063
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$2620
$713
🔌 Utility Bill one person, electricity, heating, water, etc.
$47.9
$120
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$74
$185
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$84.1
$29.1
🏦 Mortgage Interest Rate for 20 Years
9.53%
5.64%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$7396
$3650
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$6445
$2368
Transportation
🚌 Local transport ticket
$4.95
$0.86
🎟️ Monthly ticket local transport
$83.3
$24.7
🚕 Taxi Ride, 8 km or 5 mi
$28.1
$9.48
 Gas / Petrol, 1 L or 0.26 gal
$2.55
$1.83
Groceries
🥛 Milk, 1 L or 1 qt
$2.04
$1.42
🍞 Bread, 0.5 kg or 1.1 lb
$4.27
$0.84
🍚 Rice, 1 kg or 2.2 lb
$3.4
$2.15
🥚 Eggs, x12
$6.7
$2.57
🧀 Cheese, 1 kg or 2.2 lb
$19.2
$9.49
🐔 Chicken Breast, 1 kg or 2.2 lb
$25
$7.25
🥩 Round Steak, 1 kg or 2.2 lb
$41.6
$12.6
🍏 Apples, 1 kg or 2.2 lb
$3.45
$1.36
🍌 Banana, 1 kg or 2.2 lb
$2.56
$1.9
🍊 Oranges, 1 kg or 2.2 lb
$3.24
$1.71
🍅 Tomato, 1 kg or 2.2 lb
$5.36
$2.05
🥔 Potato, 1 kg or 2.2 lb
$3.63
$1
🧅 Onion, 1 kg or 2.2 lb
$2.49
$0.81
🌊 Water, 1 L or 1 qt
$1.27
$0.46
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$3.03
$1.5
🍾 Wine (mid-priced), 750 mL bottle
$24.3
$8.53
🍺 Beer, 0.5 L or 16 fl oz
$3.79
$0.89
🚬 Cigarette pack
$13.6
$4.35
💊 Cold medicince, 1 week
$12.8
$6.51
🧴 Hair Shampoo
$5.87
$5.02
🧻 Toilet paper, 4 rolls
$5.21
$2
👄 Toothpaste, 1 tube
$3.65
$2.45
Other
🏋️ Gym Membership, 1 month
$83.7
$34.3
🎫 Cinema Ticket, 1 person
$17.5
$6.72
👩‍⚕️ Doctor's visit
$93.2
$30.8
💇 Haircut, simple
$46.2
$7.88
👖 Brand Jeans
$139
$89.8
👟 Brand Sneakers
$181
$105
👶 Daycare or Preschool, 1 month
$353
$356
🏫 International Primary School, 1 year
$30550
$7628

Cost of living in other countries

Cost of living

Cities Comparison in Iceland vs Serbia

More countries to compare

Cost of Living in Popular cities

In Iceland

City Cost of living Population
Reykjavik
$3268
140K
Kopavogur
$3175
39.8K
Hafnarfjorur
$3148
30.6K
Akureyri
$2990
19.9K
Keflavik
$2596
23.3K

In Serbia

City Cost of living Population
Belgrade
$1335
1.2M
Novi Sad
$1141
260K
Nis
$819
183K
Pristina
$655
199K
Kragujevac
$918
151K
Subotica
$832
106K
Valjevo
$883
90.3K
Cacak
$858
71.9K
Novi Pazar
$828
66.5K
Mitrovica
$557
71.6K