WHAT LIFE COSTS
Living costs in Iceland
The same basket of shopping costs 73% more in Iceland than it does on average across the 27 European Union countries.
Explore this country's official figures. Each one tells you what it covers and when it was measured.
Yearly spending per person
Total spending divided by everyone who lives here, including children and people who spend nothing on this category. Your own costs may be very different.
We don't have yearly spending figures for this country yet.
How prices compare
See how much more or less the same goods and services cost here. These comparisons don't give you an amount to budget for.
The average across the 27 EU countries is the starting point. Each number shows how far prices are above or below it.
Everything, taken together
73% more expensive
Price level 172.7 · Reference year 2024 · Published index
Health
134% more expensive
Alcoholic beverages, tobacco and narcotics
119% more expensive
Education and childcare
112% more expensive
Restaurants and accommodation services
67% more expensive
Housing, water, electricity, gas and other fuels
64% more expensive
Information and communication
54% more expensive
Recreation, sport and culture
54% more expensive
Groceries
44% more expensive
Clothing and footwear
43% more expensive
Transport
36% more expensive
Furnishings, household equipment and routine maintenance
24% more expensive
Energy bills
36% cheaper
Sources and licences
- Eurostat · dataset prc_ppp_ind · CC BY 4.0; credit and changes required
- World Bank · dataset NE.CON.PRVT.CD + SP.POP.TOTL + PA.NUS.FCRF · World Development Indicators: CC BY 4.0