Iceland vs Ukraine - Cost of Living Comparison

Updated:

Livingcost

Iceland Ukraine
🚶 Cost of living one person
$3155
$628
👨‍👩‍👧‍👦 Cost of living Family
$6609
$1520
🏠 One person rent
$1927
$297
🏘️ Family rent
$2883
$491
🍽️ Food expenses
$891
$224
🚐 Transport expenses
$96.3
$42.8
💳 Monthly salary after tax
$4513
$432
💸 GDP per capita
$82704
$5389
😃 Human freedom index
8.8
5.84
❤️ Life expectancy
82.6
73.4
👮 Corruption perceptions index
77
35
🌐 English speaking %
98%
51%
🎓 Higher education
81
66
😀 Quality of life
92
49
🏙️ Population
405K
37.9M

The average cost of living in Iceland ($3155) is 402% more expensive than in Ukraine ($628). Iceland ranked 5th vs 159th for Ukraine 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 Ukraine. Ranked 8th and 89th best countries to live in the world.

Salary adjustment calculator
the estimated difference in money purchasing power

Cost of living in Iceland vs Ukraine infographic

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Prices in Iceland vs Ukraine

We calculate prices for Iceland and Ukraine as a population-weighted mean of 5 and 34 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 Ukraine
Eating Out
🍱 Lunch Menu
$27.3
$7.04
🥂 Dinner in a Restaurant, for 2
$89.2
$25.8
🥪 Fast food meal, equiv. McDonald's
$20.5
$5.47
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$11.9
$1.11
 Cappuccino
$5.82
$1.24
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$3.07
$0.65
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$1987
$321
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$1747
$213
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$3141
$620
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$2620
$376
🔌 Utility Bill one person, electricity, heating, water, etc.
$47.9
$56.5
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$74
$87
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$84.1
$6.06
🏦 Mortgage Interest Rate for 20 Years
9.53%
17.22%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$7396
$1366
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$6445
$854
Transportation
🚌 Local transport ticket
$4.95
$0.35
🎟️ Monthly ticket local transport
$83.3
$12.9
🚕 Taxi Ride, 8 km or 5 mi
$28.1
$5.05
 Gas / Petrol, 1 L or 0.26 gal
$2.55
$1.28
Groceries
🥛 Milk, 1 L or 1 qt
$2.04
$1.07
🍞 Bread, 0.5 kg or 1.1 lb
$4.27
$0.62
🍚 Rice, 1 kg or 2.2 lb
$3.4
$1.24
🥚 Eggs, x12
$6.7
$1.6
🧀 Cheese, 1 kg or 2.2 lb
$19.2
$8.39
🐔 Chicken Breast, 1 kg or 2.2 lb
$25
$4.06
🥩 Round Steak, 1 kg or 2.2 lb
$41.6
$7.04
🍏 Apples, 1 kg or 2.2 lb
$3.45
$0.91
🍌 Banana, 1 kg or 2.2 lb
$2.56
$1.57
🍊 Oranges, 1 kg or 2.2 lb
$3.24
$1.72
🍅 Tomato, 1 kg or 2.2 lb
$5.36
$2.08
🥔 Potato, 1 kg or 2.2 lb
$3.63
$0.66
🧅 Onion, 1 kg or 2.2 lb
$2.49
$0.54
🌊 Water, 1 L or 1 qt
$1.27
$0.36
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$3.03
$0.77
🍾 Wine (mid-priced), 750 mL bottle
$24.3
$4.42
🍺 Beer, 0.5 L or 16 fl oz
$3.79
$0.82
🚬 Cigarette pack
$13.6
$2.53
💊 Cold medicince, 1 week
$12.8
$3.6
🧴 Hair Shampoo
$5.87
$2.41
🧻 Toilet paper, 4 rolls
$5.21
$0.92
👄 Toothpaste, 1 tube
$3.65
$1.2
Other
🏋️ Gym Membership, 1 month
$83.7
$25.7
🎫 Cinema Ticket, 1 person
$17.5
$4.17
👩‍⚕️ Doctor's visit
$93.2
$10.1
💇 Haircut, simple
$46.2
$4.32
👖 Brand Jeans
$139
$56.7
👟 Brand Sneakers
$181
$80.1
👶 Daycare or Preschool, 1 month
$353
$292
🏫 International Primary School, 1 year
$30550
$4796

Cost of living in other countries

Cost of living

Cities Comparison in Iceland vs Ukraine

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 Ukraine

City Cost of living Population
Kyiv
$879
2.95M
Kharkiv
$510
1.42M
Odesa
$624
1.01M
Dnipro
$790
969K
Donetsk
$516
902K
Lviv
$762
717K
Zaporizhia
$501
710K
Mykolaiv
$516
470K
Kryvyi Rih
$503
604K
Luhansk
$732
418K
Vinnytsia
$603
370K
Makiivka
$534
343K
Chernihiv
$516
287K
Poltava
$479
283K
Cherkasy
$498
270K
Khmelnytskyi
$535
274K
Sumy
$496
266K
Chernivtsi
$545
265K
Horlivka
$650
257K
Kamianske
$656
227K
Mariupol
$539
250K
Zhytomyr
$586
262K
Kherson
$420
279K
Rivne
$439
245K
Bila Tserkva
$497
209K
Ternopil
$465
225K
Kremenchuk
$440
215K
Kropyvnytskyi
$616
220K
Ivano-Frankivsk
$482
238K
Lutsk
$546
216K