Iceland vs Sri Lanka - Cost of Living Comparison

Updated:

Livingcost

Iceland Sri Lanka
🚶 Cost of living one person
$2518
$509
👨‍👩‍👧‍👦 Cost of living Family
$5339
$1346
🏠 One person rent
$1478
$166
🏘️ Family rent
$2369
$411
🍽️ Food expenses
$761
$282
🚐 Transport expenses
$83.9
$20.3
💳 Monthly salary after tax
$3501
$199
💸 GDP per capita
$73467
$3354
😃 Human freedom index
8.73
6.13
❤️ Life expectancy
83.1
76.4
👮 Corruption perceptions index
72
34
🌐 English speaking %
98%
18.3%
🎓 Higher education
81
58
😀 Quality of life
92
44
🏙️ Population
364K
21.4M

The average cost of living in Iceland ($2518) is 395% more expensive than in Sri Lanka ($509). Iceland ranked 5th vs 175th for Sri Lanka 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 0.4 months in Sri Lanka. Ranked 10th and 102nd best countries to live in the world.

Salary adjustment calculator
the estimated difference in money purchasing power

Cost of living in Iceland vs Sri Lanka infographic

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Prices in Iceland vs Sri Lanka

We calculate prices for Iceland and Sri Lanka 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 Sri Lanka
Eating Out
🍱 Lunch Menu
$20.7
$2.68
🥂 Dinner in a Restaurant, for 2
$114
$16.6
🥪 Fast food meal, equiv. McDonald's
$16.8
$6.81
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$10.2
$1.94
 Cappuccino
$4.88
$2.16
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$2.72
$0.6
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$1510
$196
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$1318
$110
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$2409
$600
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$2171
$300
🔌 Utility Bill one person, electricity, heating, water, etc.
$53.6
$25.8
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$82.3
$39.8
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$68.4
$13
🏦 Mortgage Interest Rate for 20 Years
6.82%
19.21%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$5442
$1540
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$4321
$1240
Transportation
🚌 Local transport ticket
$4.09
$0.16
🎟️ Monthly ticket local transport
$66.7
$6.86
🚕 Taxi Ride, 8 km or 5 mi
$26.1
$2.95
 Gas / Petrol, 1 L or 0.26 gal
$2.25
$1.2
Groceries
🥛 Milk, 1 L or 1 qt
$1.62
$1.55
🍞 Bread, 0.5 kg or 1.1 lb
$3.64
$0.6
🍚 Rice, 1 kg or 2.2 lb
$3.19
$0.73
🥚 Eggs, x12
$5.89
$2.09
🧀 Cheese, 1 kg or 2.2 lb
$14.9
$12.1
🐔 Chicken Breast, 1 kg or 2.2 lb
$18.5
$5.04
🥩 Round Steak, 1 kg or 2.2 lb
$29.5
$7.29
🍏 Apples, 1 kg or 2.2 lb
$2.99
$6.48
🍌 Banana, 1 kg or 2.2 lb
$2.16
$0.99
🍊 Oranges, 1 kg or 2.2 lb
$2.74
$5.52
🍅 Tomato, 1 kg or 2.2 lb
$4.51
$1.36
🥔 Potato, 1 kg or 2.2 lb
$2.86
$1.02
🧅 Onion, 1 kg or 2.2 lb
$1.83
$0.89
🌊 Water, 1 L or 1 qt
$1.33
$0.34
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$2.53
$1.21
🍾 Wine (mid-priced), 750 mL bottle
$19.4
$10.9
🍺 Beer, 0.5 L or 16 fl oz
$3.03
$1.7
🚬 Cigarette pack
$11.7
$6.51
💊 Cold medicince, 1 week
$11.6
$6.67
🧴 Hair Shampoo
$5.23
$1.68
🧻 Toilet paper, 4 rolls
$4.66
$3.61
👄 Toothpaste, 1 tube
$3.24
$0.74
Other
🏋️ Gym Membership, 1 month
$62
$11.6
🎫 Cinema Ticket, 1 person
$14.4
$3.02
👩‍⚕️ Doctor's visit
$82.9
$8.89
💇 Haircut, simple
$37.3
$3.59
👖 Brand Jeans
$106
$25.7
👟 Brand Sneakers
$144
$55.1
👶 Daycare or Preschool, 1 month
$245
$26.1
🏫 International Primary School, 1 year
$6038
$469

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
$2723
140K
Kopavogur
$2304
39.8K
Hafnarfjorur
$2460
30.6K
Akureyri
$2011
19.9K
Keflavik
$2023
16.5K

In Sri Lanka

City Cost of living Population
Colombo
$582
753K
Trincomalee
$523
99.1K
Beruwala
$507
165K
Galle
$345
93.1K
Kandy
$409
120K
Gampaha
$465
191K
Negombo
$406
142K
Sri Jayawardenepura Kotte
$462
116K
Anuradhapura
$533
63.2K
Matara
$469
68.2K