Europe · Northern Europe · 2025 price levels
🇮🇸Cost of living in Iceland
+74%
Everyday spending in Iceland costs 74% more than the EU average.
Health, alcohol & tobacco and personal care & services cost the most compared with the rest of Europe; furniture & household, transport and clothing & shoes the least.
Price level by category
What costs more, and how much
EU average = 100. The bar's length is Iceland's price level for the same basket.
EU averageEurostat, 2025
Against its neighbours
The priciest in Northern Europe
Household spending, EU average = 100.
🇮🇸 Iceland174
🇩🇰 Denmark140
🇳🇴 Norway129
🇪🇺 EU100
30% dearerthan the United States for the same household spending (World Bank, 2025)
Living there
The basics
- Status
- EEA Member
- Stay
- Schengen area. 90-day free stay; registration required for 3+ months.
- Healthcare
- EHIC valid.
- Currency
- ISK
- Banking
- Full support (Revolut/Wise)
- Paying
- Card dominant
- English
- 5 out of 5
- Getting around
- Strætó
Say it locally
Seven phrases
- Hello
- Halló
- Thank you
- Takk
- Yes/No
- Já / Nei
- How are you?
- Hvernig hefurðu það?
- Excuse me
- Afsakið
- Check, please!
- Reikninginn, takk!
- Do you speak English?
- Talarðu ensku?
Cities
Six places to live
More
Google Maps Search Hub
| Category | Search Link |
|---|---|
| 🏋️ Gyms & Fitness | Find Gyms in 🇮🇸 Iceland |
| 🧖 Spas & Wellness | Find Spas in 🇮🇸 Iceland |
| 💻 Coworking | Find Coworking in 🇮🇸 Iceland |
| ☕ Work-friendly Cafes | Find Cafes in 🇮🇸 Iceland |
| 🛒 Supermarkets | Find Supermarkets in 🇮🇸 Iceland |
| 🥾 Hiking Trails | Find Trails in 🇮🇸 Iceland |
More
Drug Policy
| Substance | Status | Penalty |
|---|---|---|
| Cannabis | 🔴 | Strict |
More
Useful Links
🏠 Housing & Rent
| Link | Description |
|---|---|
| Fasteignasolur | Housing |
Where the numbers come from
- Eurostat, prc_ppp_ind_1: price level indices, EU27 = 100, 2025. Reuse authorised with acknowledgement.
- World Bank, PA.NUS.PRVT.PLI: household price level, United States = 100, 2025. CC BY 4.0.