Published: Monday, 21th October 2024
The cost of living in Iceland is 2.22 times more expensive as compared to Albania.
On this page, you will find side-by-side cost comparison between Iceland and Albania. We have created 172 cost-of-living indicators. We average the prices of all those indicators and take a mathematically calculated approach to determine which country is more expensive to live in between Iceland and Albania.
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 Indicators  | Iceland  | Albania  |
|---|---|---|
1 BHK Apartment in City Center  | 200,000 ISK (1,420 USD) | 40,000 ALL (376 USD) |
2 BHK Apartment in City Center  | 300,000 ISK (2,130 USD) | 60,000 ALL (564 USD) |
3 BHK Apartment in City Center  | 400,000 ISK (2,840 USD) | 80,000 ALL (752 USD) |
1 BHK Apartment outside City Center  | 150,000 ISK (1,065 USD) | 25,000 ALL (235 USD) |
2 BHK Apartment outside City Center  | 200,000 ISK (1,420 USD) | 40,000 ALL (376 USD) |
3 BHK Apartment outside City Center  | 300,000 ISK (2,130 USD) | 55,000 ALL (517 USD) |
Mortgage Rates Per Month  | 4 % | 4.2 % |
Realtor Commission  | 2 % | 3 % |
Property Taxes  | 0.2 to 1.65 % | Yet to Update |
The average housing cost in Iceland is 3.86 times more expensive than Albania.
Indicators | Iceland | Albania |
|---|---|---|
Basic Home Furnishing  | 300,000 ISK (2,130 USD) | 50,000 ALL (470 USD) |
Electricity Cost Per Month  | 20,000 ISK (142 USD) | 4,000 ALL (37.60 USD) |
Heating Cost Per Month  | 25,000 ISK (177.50 USD) | 6,000 ALL (56.40 USD) |
Cooling Cost Per Month  | 10,000 ISK (71 USD) | 4,000 ALL (37.60 USD) |
Water Supply Cost Per Month  | 5,000 ISK (35.50 USD) | 1,500 ALL (14.10 USD) |
If you lived in Iceland, instead of Albania, you would have to pay 315.14% more for Utilities.
The basic home furnishing in Iceland costs 4.53 times more compared to Albania.
Indicators | Iceland | Albania |
|---|---|---|
Standard Wifi Cost Per Month  | 10,000 ISK (71 USD) | 2,000 ALL (18.80 USD) |
Mobile Phone Basic Plan Cost Per Month  | 5,000 ISK (35.50 USD) | 1,000 ALL (9.40 USD) |
Landline Basic Plan Cost Per Month  | 3,000 ISK (21.30 USD) | 1,000 ALL (9.40 USD) |
Cable TV Basic Plan Cost Per Month  | 8,000 ISK (56.80 USD) | 2,500 ALL (23.50 USD) |
The internet and communication costs 202.13% more in Iceland compared to Albania.
Indicators | Iceland | Albania |
|---|---|---|
Long Grain Rice (1 KG)  | 500 ISK (3.55 USD) | 100 ALL (0.94 USD) |
Milk (1 Liter)  | 250 ISK (1.78 USD) | 130 ALL (1.22 USD) |
Water (1 Liter)  | 50 ISK (0.36 USD) | 30 ALL (0.28 USD) |
Bread (500 gm)  | 150 ISK (1.07 USD) | 60 ALL (0.56 USD) |
Eggs (1 Dozen)  | 500 ISK (3.55 USD) | 170 ALL (1.60 USD) |
Cheese (1 KG)  | 1,200 ISK (8.52 USD) | 750 ALL (7.05 USD) |
Chicken Breast (1 KG)  | 1,000 ISK (7.10 USD) | 500 ALL (4.70 USD) |
In Iceland, the cost of 1 Liter Water and 1 Liter Milk is 1.42 times more expensive than the cost in Albania.
If you lived in Iceland, instead of Albania, you would have to pay 58.44% more for Groceries.
Indicators | Iceland | Albania |
|---|---|---|
Apples (1 KG)  | 800 ISK (5.68 USD) | 90 ALL (0.85 USD) |
Bananas (1 KG)  | 600 ISK (4.26 USD) | 130 ALL (1.22 USD) |
Oranges (1 KG)  | 700 ISK (4.97 USD) | 120 ALL (1.13 USD) |
Tomatoes (1 KG)  | 500 ISK (3.55 USD) | 80 ALL (0.75 USD) |
Potatoes (1 KG)  | 400 ISK (2.84 USD) | 50 ALL (0.47 USD) |
Lemons (1 KG)  | 700 ISK (4.97 USD) | 120 ALL (1.13 USD) |
Onions (1 KG)  | 600 ISK (4.26 USD) | 70 ALL (0.66 USD) |
Lentils (1 KG)  | 600 ISK (4.26 USD) | 150 ALL (1.41 USD) |
If you lived in Iceland, instead of Albania, you would have to pay 4.57 times more for Fruits and Vegetables.
Indicators | Iceland | Albania |
|---|---|---|
Meal at a Resonable Restaurant  | 3,500 ISK (24.85 USD) | 500 ALL (4.70 USD) |
Three-Course Meal for Two  | 8,000 ISK (56.80 USD) | 2,500 ALL (23.50 USD) |
Fast Food Combo Meal  | 1,500 ISK (10.65 USD) | 600 ALL (5.64 USD) |
Normal Coffee  | 500 ISK (3.55 USD) | 100 ALL (0.94 USD) |
Soft Drink  | 300 ISK (2.13 USD) | 70 ALL (0.66 USD) |
Pizza for One  | 2,500 ISK (17.75 USD) | 600 ALL (5.64 USD) |
Take-Out Delivery Meal  | 3,000 ISK (21.30 USD) | 400 ALL (3.76 USD) |
Cigarette Pack of 20  | 1,500 ISK (10.65 USD) | 250 ALL (2.35 USD) |
Dining-Out costs 212.96% more in Iceland compared to Albania.
Indicators | Iceland | Albania |
|---|---|---|
Wine Mid-Range Bottle  | 2,000 ISK (14.20 USD) | 600 ALL (5.64 USD) |
Glass of Wine  | 1,200 ISK (8.52 USD) | 250 ALL (2.35 USD) |
Domestic Beer Half Liter  | 600 ISK (4.26 USD) | 120 ALL (1.13 USD) |
Imported Beer Half Liter  | 800 ISK (5.68 USD) | 200 ALL (1.88 USD) |
Domestic Alcohol 1 Liter  | 3,000 ISK (21.30 USD) | 800 ALL (7.52 USD) |
Branded Alcohol 1 Liter  | 4,000 ISK (28.40 USD) | 1,000 ALL (9.40 USD) |
If you lived in Iceland, instead of Albania, you would have to pay 2.95 times more for usual hard drinks.
Indicators | Iceland | Albania |
|---|---|---|
Monthly Public Transportation Pass  | 15,000 ISK (106.50 USD) | 1,200 ALL (11.28 USD) |
Single Public Transportation Ticket  | 400 ISK (2.84 USD) | 40 ALL (0.38 USD) |
Single Train Ticket  | Yet to Update () | 300 ALL (2.82 USD) |
Domestic Airplane Ticket  | 30,000 ISK (213 USD) | 7,000 ALL (65.80 USD) |
Taxi Start Fare  | 800 ISK (5.68 USD) | 250 ALL (2.35 USD) |
Taxi Rate Per Kilometer  | 200 ISK (1.42 USD) | 80 ALL (0.75 USD) |
Car Rental Per Day  | 10,000 ISK (71 USD) | 2,500 ALL (23.50 USD) |
Parking Fees in City Center Per Hour  | 500 ISK (3.55 USD) | 50 ALL (0.47 USD) |
Parking Fees outside City Center Per Hour  | 300 ISK (2.13 USD) | 30 ALL (0.28 USD) |
If you lived in Iceland, instead of Albania, you would have to pay 3.77 times more for transportation.
Indicators | Iceland | Albania |
|---|---|---|
Reasonable Vehicle Purchase Cost  | 4,000,000 ISK (28,400 USD) | 1,500,000 ALL (14,100 USD) |
Vehicle Registration Cost  | 15,000 ISK (106.50 USD) | 1,500 ALL (14.10 USD) |
Driving License Fees  | 5,000 ISK (35.50 USD) | 10,000 ALL (94 USD) |
Car Insurance Cost  | 40,000 ISK (284 USD) | 2,000 ALL (18.80 USD) |
Car Maintenance Cost  | 15,000 ISK (106.50 USD) | 1,500 ALL (14.10 USD) |
Car Loan Interest Rates  | 5 % | 6 % |
Fuel Per Liter  | 250 ISK (1.78 USD) | 200 ALL (1.88 USD) |
Fuel Per Gallon  | 1,200 ISK (8.52 USD) | 750 ALL (7.05 USD) |
Average Toll Fees  | 1,000 ISK 7.10 USD | 300 ALL 2.82 USD |
You would have to pay 2.03 times more for Vehicle purchase, daily operation and maintenance in Iceland compared to that of Albania.
Indicators | Iceland | Albania |
|---|---|---|
Doctor Visit  | 5,000 ISK (35.50 USD) | 2,000 ALL (18.80 USD) |
Specialist Visit  | 10,000 ISK (71 USD) | 4,000 ALL (37.60 USD) |
Dentist Visit  | 8,000 ISK (56.80 USD) | 3,000 ALL (28.20 USD) |
Eye Exam  | 3,000 ISK (21.30 USD) | 1,500 ALL (14.10 USD) |
Mental Health Counseling  | 8,000 ISK (56.80 USD) | 4,000 ALL (37.60 USD) |
Preventive Health Screening  | 4,000 ISK (28.40 USD) | 2,500 ALL (23.50 USD) |
Physical Therapy  | 6,000 ISK (42.60 USD) | 3,000 ALL (28.20 USD) |
Emergency Room Visit  | 15,000 ISK (106.50 USD) | 8,000 ALL (75.20 USD) |
Hospital Stay Per Night  | 25,000 ISK (177.50 USD) | 20,000 ALL (188 USD) |
Vaccinations  | 2,500 ISK (17.75 USD) | 1,500 ALL (14.10 USD) |
Prescription Medication  | 1,500 ISK (10.65 USD) | 1,000 ALL (9.40 USD) |
Over the Counter Medication  | 800 ISK (5.68 USD) | 500 ALL (4.70 USD) |
Health Insurance Premiums  | 20,000 ISK (142 USD) | 5,000 ALL (47 USD) |
Health Insurance Deductibles  | 5,000 ISK (35.50 USD) | 10,000 ALL (94 USD) |
If you lived in Iceland, instead of Albania, you would have to pay 1.30 times more for Health and Medical Treatment.
Indicators | Iceland | Albania |
|---|---|---|
Cosmetic Procedures  | 30,000 ISK (213 USD) | 30,000 ALL (282 USD) |
Spa Treatment  | 10,000 ISK (71 USD) | 2,000 ALL (18.80 USD) |
Manicure Pedicure Cost  | 3,000 ISK (21.30 USD) | 1,500 ALL (14.10 USD) |
Optical Glasses Cost  | 10,000 ISK (71 USD) | 8,000 ALL (75.20 USD) |
Contact Lenses Cost  | 5,000 ISK (35.50 USD) | 5,000 ALL (47 USD) |
Haircuts  | 2,000 ISK (14.20 USD) | 500 ALL (4.70 USD) |
Hair Coloring  | 6,000 ISK (42.60 USD) | 800 ALL (7.52 USD) |
Shampoo Price  | 500 ISK (3.55 USD) | 400 ALL (3.76 USD) |
Toothpaste Price  | 200 ISK (1.42 USD) | 200 ALL (1.88 USD) |
If you lived in Iceland, instead of Albania, you would have to pay 1.04 times more for Personal Care Items and Treatment.
Indicators | Iceland | Albania |
|---|---|---|
Pair of Nike Running Shoes  | 15,000 ISK (106.50 USD) | 7,000 ALL (65.80 USD) |
Men's Shirt  | 5,000 ISK (35.50 USD) | 1,500 ALL (14.10 USD) |
Women's Dress  | 10,000 ISK (71 USD) | 3,000 ALL (28.20 USD) |
Summer Dress  | 5,000 ISK (35.50 USD) | 2,000 ALL (18.80 USD) |
Men's Suit  | 40,000 ISK (284 USD) | 10,000 ALL (94 USD) |
Men's Jeans  | 7,000 ISK (49.70 USD) | 3,000 ALL (28.20 USD) |
Women's Jeans  | 6,000 ISK (42.60 USD) | 2,500 ALL (23.50 USD) |
Men's Formal Shoes  | 7,000 ISK (49.70 USD) | 5,000 ALL (47 USD) |
Women's Formal Shoes  | 7,000 ISK (49.70 USD) | 4,500 ALL (42.30 USD) |
Men's Casual Shoes  | 5,000 ISK (35.50 USD) | 4,000 ALL (37.60 USD) |
Women's Casual Shoes  | 4,000 ISK (28.40 USD) | 3,000 ALL (28.20 USD) |
Underwear For Men  | 1,000 ISK (7.10 USD) | 500 ALL (4.70 USD) |
Underwear For Women  | 1,200 ISK (8.52 USD) | 600 ALL (5.64 USD) |
Socks For Men  | 300 ISK (2.13 USD) | 200 ALL (1.88 USD) |
Socks For Women  | 400 ISK (2.84 USD) | 250 ALL (2.35 USD) |
Wintercoat for Adults  | 8,000 ISK (56.80 USD) | 7,000 ALL (65.80 USD) |
Sportswear  | 6,000 ISK (42.60 USD) | 3,000 ALL (28.20 USD) |
If you lived in Iceland, instead of Albania, you would have to pay 1.69 times more for Clothing and Footwear for Adults.
Indicators | Iceland | Albania |
|---|---|---|
Children's Jeans  | 3,500 ISK (24.85 USD) | 2,000 ALL (18.80 USD) |
Children's Normal Sneakers  | 4,000 ISK (28.40 USD) | 2,500 ALL (23.50 USD) |
Children's Winter Coat  | 6,000 ISK (42.60 USD) | 5,000 ALL (47 USD) |
Daycare for Infant  | 25,000 ISK (177.50 USD) | 7,000 ALL (65.80 USD) |
Daycare for Toddler  | 20,000 ISK (142 USD) | 6,000 ALL (56.40 USD) |
Childcare for Sick Days  | 1,500 ISK (10.65 USD) | 3,000 ALL (28.20 USD) |
Early Childhood Education Programs  | 6,000 ISK (42.60 USD) | 10,000 ALL (94 USD) |
Extra Curricular Activities  | 3,000 ISK (21.30 USD) | 2,000 ALL (18.80 USD) |
Summer Camp for Kids  | 8,000 ISK (56.80 USD) | 7,000 ALL (65.80 USD) |
If you lived in Iceland, instead of Albania, you would have to pay 1.31 times more for Childcare and kids clothing.
Indicators | Iceland | Albania |
|---|---|---|
PreSchool Fees  | 30,000 ISK (213 USD) | 5,000 ALL (47 USD) |
Primary School Fees  | 40,000 ISK (284 USD) | 8,000 ALL (75.20 USD) |
Secondary School Fees  | 60,000 ISK (426 USD) | 10,000 ALL (94 USD) |
Private School Fees  | 80,000 ISK (568 USD) | 15,000 ALL (141 USD) |
University Tuition Fees  | 150,000 ISK (1,065 USD) | 30,000 ALL (282 USD) |
University Private Tuition Fees  | 200,000 ISK (1,420 USD) | 40,000 ALL (376 USD) |
After School Activities  | 5,000 ISK (35.50 USD) | 2,000 ALL (18.80 USD) |
Special Education Services  | 7,000 ISK (49.70 USD) | 8,000 ALL (75.20 USD) |
Tutoring  | 5,000 ISK (35.50 USD) | 1,500 ALL (14.10 USD) |
Textbooks Cost  | 4,000 ISK (28.40 USD) | 1,000 ALL (9.40 USD) |
School Supplies  | 2,000 ISK (14.20 USD) | 1,500 ALL (14.10 USD) |
If you lived in Iceland, instead of Albania, you would have to pay 3.61 times more for school and education.
Indicators | Iceland | Albania |
|---|---|---|
Movie Ticket (Single)  | 1,000 ISK (7.10 USD) | 400 ALL (3.76 USD) |
Theater Ticket (Single)  | 2,000 ISK (14.20 USD) | 700 ALL (6.58 USD) |
Concert Ticket (Single)  | 2,500 ISK (17.75 USD) | 1,000 ALL (9.40 USD) |
Sports Event Ticket (Single)  | 1,500 ISK (10.65 USD) | 600 ALL (5.64 USD) |
Gym Membership  | 6,000 ISK (42.60 USD) | 2,500 ALL (23.50 USD) |
Swimming Pool Access  | 5,000 ISK (35.50 USD) | 1,000 ALL (9.40 USD) |
Museum Entry Ticket  | 1,000 ISK (7.10 USD) | 200 ALL (1.88 USD) |
Zoo Entry Ticket  | 1,500 ISK (10.65 USD) | 300 ALL (2.82 USD) |
Amusement Park Entry Ticket  | 2,000 ISK (14.20 USD) | 500 ALL (4.70 USD) |
Bowling  | 1,000 ISK (7.10 USD) | 400 ALL (3.76 USD) |
Mini Golf  | 1,500 ISK (10.65 USD) | 300 ALL (2.82 USD) |
Video Games  | 5,000 ISK (35.50 USD) | 5,000 ALL (47 USD) |
Streaming Services  | 1,000 ISK (7.10 USD) | 800 ALL (7.52 USD) |
Outdoor Equipment Rental  | 1,000 ISK (7.10 USD) | 2,000 ALL (18.80 USD) |
Theme Park Annual Pass  | 50,000 ISK (355 USD) | 10,000 ALL (94 USD) |
If you lived in Iceland, instead of Albania, you would have to pay 2.41 times more for entertainment, recreation and fun activities.
Indicators | Iceland | Albania |
|---|---|---|
Language Classes  | 5,000 ISK (35.50 USD) | 3,000 ALL (28.20 USD) |
Parenting Classes  | 5,000 ISK (35.50 USD) | 1,000 ALL (9.40 USD) |
Art Classes  | 3,000 ISK (21.30 USD) | 1,500 ALL (14.10 USD) |
Fitness Classes  | 6,000 ISK (42.60 USD) | 1,500 ALL (14.10 USD) |
Music Lessons  | 4,000 ISK (28.40 USD) | 2,000 ALL (18.80 USD) |
Dance Lessons  | 4,000 ISK (28.40 USD) | 2,000 ALL (18.80 USD) |
Reading Materials for Classes  | 1,000 ISK (7.10 USD) | 700 ALL (6.58 USD) |
Educational Software  | 3,000 ISK (21.30 USD) | 2,000 ALL (18.80 USD) |
If you lived in Iceland, instead of Albania, you would have to pay 1.71 times more for Private Classes.
Indicators | Iceland | Albania |
|---|---|---|
Average Gross Monthly Salary  | 450,000 ISK (3,195 USD) | 60,000 ALL (564 USD) |
Average Net Monthly Salary  | 350,000 ISK (2,485 USD) | 50,000 ALL (470 USD) |
Minimum Wages  | 6,666.67 ISK per hour (47.33 USD) | 1,000 ALL per hour (9.40 USD) |
Average Bonus  | 40,000 ISK (284 USD) | 5,000 ALL (47 USD) |
Income Tax Rate  | 0 to 24 % | 0 to 23 % |
Social Security Contributions  | 7 % | 12.8 % |
Pension Contributions  | 8 % | 6.8 % |
Cost of Living Index  | 12 | 40 |
Median Household Income  | 400,000 ISK (2,840 USD) | 500,000 ALL (4,700 USD) |
If you lived in Iceland, you would earn 1.53 times more salary as compared to Albania.
Indicators | Iceland | Albania |
|---|---|---|
Legal Consultation Per Hour Rate  | 10,000 ISK (71 USD) | 3,000 ALL (28.20 USD) |
Accounting Services Per Hour Rate  | 7,000 ISK (49.70 USD) | 2,500 ALL (23.50 USD) |
IT Support Services Per Hour Rate  | 5,000 ISK (35.50 USD) | 3,500 ALL (32.90 USD) |
Technician Services Per Hour Rate  | 4,000 ISK (28.40 USD) | 2,000 ALL (18.80 USD) |
Professional Services cost 1.79 times more in Iceland, as compared to Albania.
We hope you enjoyed the detailed guide on the cost of living comparsion between Iceland and Albania.
For more side-by-side comparsion between Countries, States and Cities, you can use the search box above or click the links below.
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