Iceland vs Sweden - Cost of Living Comparison

Updated:

Livingcost

Iceland Sweden
🚶 Cost of living one person
$2685
$1571
👨‍👩‍👧‍👦 Cost of living Family
$5605
$3555
🏠 One person rent
$1593
$811
🏘️ Family rent
$2495
$1414
🍽️ Food expenses
$794
$514
🚐 Transport expenses
$85.7
$114
💳 Monthly salary after tax
$3865
$3016
💸 GDP per capita
$78811
$56305
😃 Human freedom index
8.73
8.75
❤️ Life expectancy
82.2
83.1
👮 Corruption perceptions index
72
82
🌐 English speaking %
98%
89%
🎓 Higher education
81
95
😀 Quality of life
92
92
🏙️ Population
364K
10.6M

The average cost of living in Iceland ($2685) is 71% more expensive than in Sweden ($1571). Iceland ranked 5th vs 31st for Sweden 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 1.9 months in Sweden. Ranked 11th and 10th best countries to live in the world.

Salary adjustment calculator
the estimated difference in money purchasing power

Cost of living in Iceland vs Sweden infographic

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Prices in Iceland vs Sweden

We calculate prices for Iceland and Sweden as a population-weighted mean of 5 and 60 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 Sweden
Eating Out
🍱 Lunch Menu
$22.1
$12.5
🥂 Dinner in a Restaurant, for 2
$115
$74.3
🥪 Fast food meal, equiv. McDonald's
$18.3
$10
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$10.4
$7.2
 Cappuccino
$5.1
$4.26
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$2.95
$2.29
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$1639
$911
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$1432
$656
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$2535
$1625
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$2304
$1182
🔌 Utility Bill one person, electricity, heating, water, etc.
$46.2
$72.2
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$71.2
$111
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$73.9
$31.7
🏦 Mortgage Interest Rate for 20 Years
7.22%
4.54%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$5677
$5608
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$4632
$3611
Transportation
🚌 Local transport ticket
$4.47
$3.41
🎟️ Monthly ticket local transport
$74.2
$78.3
🚕 Taxi Ride, 8 km or 5 mi
$24.9
$22.1
 Gas / Petrol, 1 L or 0.26 gal
$2.28
$1.85
Groceries
🥛 Milk, 1 L or 1 qt
$1.67
$1.53
🍞 Bread, 0.5 kg or 1.1 lb
$3.6
$2.58
🍚 Rice, 1 kg or 2.2 lb
$3.11
$3.14
🥚 Eggs, x12
$5.77
$4.03
🧀 Cheese, 1 kg or 2.2 lb
$15.4
$11.1
🐔 Chicken Breast, 1 kg or 2.2 lb
$19.7
$11.4
🥩 Round Steak, 1 kg or 2.2 lb
$33.9
$17.1
🍏 Apples, 1 kg or 2.2 lb
$2.88
$2.89
🍌 Banana, 1 kg or 2.2 lb
$2.31
$2.5
🍊 Oranges, 1 kg or 2.2 lb
$2.69
$2.7
🍅 Tomato, 1 kg or 2.2 lb
$4.65
$4.05
🥔 Potato, 1 kg or 2.2 lb
$2.99
$1.53
🧅 Onion, 1 kg or 2.2 lb
$1.84
$1.67
🌊 Water, 1 L or 1 qt
$1.28
$0.94
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$2.74
$2.26
🍾 Wine (mid-priced), 750 mL bottle
$21.3
$10.3
🍺 Beer, 0.5 L or 16 fl oz
$3.27
$1.85
🚬 Cigarette pack
$12
$6.8
💊 Cold medicince, 1 week
$11.6
$6.94
🧴 Hair Shampoo
$5.35
$3.5
🧻 Toilet paper, 4 rolls
$4.7
$2.59
👄 Toothpaste, 1 tube
$3.32
$2.12
Other
🏋️ Gym Membership, 1 month
$67.9
$39.9
🎫 Cinema Ticket, 1 person
$14.9
$15.6
👩‍⚕️ Doctor's visit
$84.3
$28.9
💇 Haircut, simple
$47.3
$25.9
👖 Brand Jeans
$113
$82.7
👟 Brand Sneakers
$152
$94.4
👶 Daycare or Preschool, 1 month
$257
$134
🏫 International Primary School, 1 year
$6163
$4409

Cost of living in other countries

Cost of living

Cities Comparison in Iceland vs Sweden

More countries to compare

Cost of Living in Popular cities

In Iceland

City Cost of living Population
Reykjavik
$2915
140K
Kopavogur
$2371
39.8K
Hafnarfjorur
$2602
30.6K
Akureyri
$2300
19.9K
Keflavik
$2091
15.9K

In Sweden

City Cost of living Population
Stockholm
$1991
985K
Gothenburg
$1725
608K
Malmo
$1570
325K
Vasteras
$1338
129K
Uppsala
$1460
167K
Helsingborg
$1306
114K
Linkoping
$1347
116K
Orebro
$1275
127K
Taby
$1586
77.4K
Lund
$1459
94.4K
Umea
$1234
91.9K
Norrkoping
$1285
98.1K
Solna
$1628
85.3K
Sollentuna
$2039
77.3K
Jonkoping
$1407
101K
Eskilstuna
$1274
69.9K
Sodertalje
$1644
76.3K
Gavle
$1463
79K
Karlstad
$1259
67.1K
Halmstad
$1341
71.4K
Sigtuna
$1604
52.5K
Boras
$1264
74K
Uddevalla
$1355
57.1K
Lulea
$1355
49.1K
Sundsvall
$1285
58.8K
Skovde
$1415
57.6K
Trollhattan
$1206
50.5K
Vaxjo
$1328
71.3K
Ostersund
$1400
53K
Tumba
$1638
46K