Published: Monday, 21th October 2024
The cost of living in Iceland is 1.17 times more expensive as compared to Czech Republic.
On this page, you will find side-by-side cost comparison between Iceland and Czech Republic. 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 Czech Republic.
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 Indicators  | Iceland  | Czech Republic  |
|---|---|---|
1 BHK Apartment in City Center  | 200,000 ISK (1,420 USD) | 20,000 CZK (860 USD) |
2 BHK Apartment in City Center  | 300,000 ISK (2,130 USD) | 30,000 CZK (1,290 USD) |
3 BHK Apartment in City Center  | 400,000 ISK (2,840 USD) | 40,000 CZK (1,720 USD) |
1 BHK Apartment outside City Center  | 150,000 ISK (1,065 USD) | 13,000 CZK (559 USD) |
2 BHK Apartment outside City Center  | 200,000 ISK (1,420 USD) | 20,000 CZK (860 USD) |
3 BHK Apartment outside City Center  | 300,000 ISK (2,130 USD) | 27,000 CZK (1,161 USD) |
Mortgage Rates Per Month  | 4 % | 5 % |
Realtor Commission  | 2 % | 5 % |
Property Taxes  | 0.2 to 1.65 % | 0.1 to 0.5 % |
The average housing cost in Iceland is 1.68 times more expensive than Czech Republic.
Indicators | Iceland | Czech Republic |
|---|---|---|
Basic Home Furnishing  | 300,000 ISK (2,130 USD) | 25,000 CZK (1,075 USD) |
Electricity Cost Per Month  | 20,000 ISK (142 USD) | 1,500 CZK (64.50 USD) |
Heating Cost Per Month  | 25,000 ISK (177.50 USD) | 2,000 CZK (86 USD) |
Cooling Cost Per Month  | 10,000 ISK (71 USD) | 800 CZK (34.40 USD) |
Water Supply Cost Per Month  | 5,000 ISK (35.50 USD) | 500 CZK (21.50 USD) |
If you lived in Iceland, instead of Czech Republic, you would have to pay 99.47% more for Utilities.
The basic home furnishing in Iceland costs 1.98 times more compared to Czech Republic.
Indicators | Iceland | Czech Republic |
|---|---|---|
Standard Wifi Cost Per Month  | 10,000 ISK (71 USD) | 600 CZK (25.80 USD) |
Mobile Phone Basic Plan Cost Per Month  | 5,000 ISK (35.50 USD) | 400 CZK (17.20 USD) |
Landline Basic Plan Cost Per Month  | 3,000 ISK (21.30 USD) | 200 CZK (8.60 USD) |
Cable TV Basic Plan Cost Per Month  | 8,000 ISK (56.80 USD) | 700 CZK (30.10 USD) |
The internet and communication costs 125.95% more in Iceland compared to Czech Republic.
Indicators | Iceland | Czech Republic |
|---|---|---|
Long Grain Rice (1 KG)  | 500 ISK (3.55 USD) | 60 CZK (2.58 USD) |
Milk (1 Liter)  | 250 ISK (1.78 USD) | 30 CZK (1.29 USD) |
Water (1 Liter)  | 50 ISK (0.36 USD) | 15 CZK (0.64 USD) |
Bread (500 gm)  | 150 ISK (1.07 USD) | 35 CZK (1.50 USD) |
Eggs (1 Dozen)  | 500 ISK (3.55 USD) | 40 CZK (1.72 USD) |
Cheese (1 KG)  | 1,200 ISK (8.52 USD) | 150 CZK (6.45 USD) |
Chicken Breast (1 KG)  | 1,000 ISK (7.10 USD) | 150 CZK (6.45 USD) |
In Iceland, the cost of 1 Liter Water and 1 Liter Milk is 1.10 times more expensive than the cost in Czech Republic.
If you lived in Iceland, instead of Czech Republic, you would have to pay 25.56% more for Groceries.
Indicators | Iceland | Czech Republic |
|---|---|---|
Apples (1 KG)  | 800 ISK (5.68 USD) | 50 CZK (2.15 USD) |
Bananas (1 KG)  | 600 ISK (4.26 USD) | 40 CZK (1.72 USD) |
Oranges (1 KG)  | 700 ISK (4.97 USD) | 50 CZK (2.15 USD) |
Tomatoes (1 KG)  | 500 ISK (3.55 USD) | 60 CZK (2.58 USD) |
Potatoes (1 KG)  | 400 ISK (2.84 USD) | 30 CZK (1.29 USD) |
Lemons (1 KG)  | 700 ISK (4.97 USD) | 60 CZK (2.58 USD) |
Onions (1 KG)  | 600 ISK (4.26 USD) | 40 CZK (1.72 USD) |
Lentils (1 KG)  | 600 ISK (4.26 USD) | 80 CZK (3.44 USD) |
If you lived in Iceland, instead of Czech Republic, you would have to pay 1.97 times more for Fruits and Vegetables.
Indicators | Iceland | Czech Republic |
|---|---|---|
Meal at a Resonable Restaurant  | 3,500 ISK (24.85 USD) | 200 CZK (8.60 USD) |
Three-Course Meal for Two  | 8,000 ISK (56.80 USD) | 800 CZK (34.40 USD) |
Fast Food Combo Meal  | 1,500 ISK (10.65 USD) | 120 CZK (5.16 USD) |
Normal Coffee  | 500 ISK (3.55 USD) | 50 CZK (2.15 USD) |
Soft Drink  | 300 ISK (2.13 USD) | 30 CZK (1.29 USD) |
Pizza for One  | 2,500 ISK (17.75 USD) | 250 CZK (10.75 USD) |
Take-Out Delivery Meal  | 3,000 ISK (21.30 USD) | 250 CZK (10.75 USD) |
Cigarette Pack of 20  | 1,500 ISK (10.65 USD) | 120 CZK (5.16 USD) |
Dining-Out costs 88.70% more in Iceland compared to Czech Republic.
Indicators | Iceland | Czech Republic |
|---|---|---|
Wine Mid-Range Bottle  | 2,000 ISK (14.20 USD) | 250 CZK (10.75 USD) |
Glass of Wine  | 1,200 ISK (8.52 USD) | 75 CZK (3.22 USD) |
Domestic Beer Half Liter  | 600 ISK (4.26 USD) | 25 CZK (1.07 USD) |
Imported Beer Half Liter  | 800 ISK (5.68 USD) | 35 CZK (1.50 USD) |
Domestic Alcohol 1 Liter  | 3,000 ISK (21.30 USD) | 400 CZK (17.20 USD) |
Branded Alcohol 1 Liter  | 4,000 ISK (28.40 USD) | 600 CZK (25.80 USD) |
If you lived in Iceland, instead of Czech Republic, you would have to pay 1.38 times more for usual hard drinks.
Indicators | Iceland | Czech Republic |
|---|---|---|
Monthly Public Transportation Pass  | 15,000 ISK (106.50 USD) | 750 CZK (32.25 USD) |
Single Public Transportation Ticket  | 400 ISK (2.84 USD) | 40 CZK (1.72 USD) |
Single Train Ticket  | Yet to Update () | 750 CZK (32.25 USD) |
Domestic Airplane Ticket  | 30,000 ISK (213 USD) | 2,200 CZK (94.60 USD) |
Taxi Start Fare  | 800 ISK (5.68 USD) | 60 CZK (2.58 USD) |
Taxi Rate Per Kilometer  | 200 ISK (1.42 USD) | 25 CZK (1.07 USD) |
Car Rental Per Day  | 10,000 ISK (71 USD) | 1,200 CZK (51.60 USD) |
Parking Fees in City Center Per Hour  | 500 ISK (3.55 USD) | 60 CZK (2.58 USD) |
Parking Fees outside City Center Per Hour  | 300 ISK (2.13 USD) | 30 CZK (1.29 USD) |
If you lived in Iceland, instead of Czech Republic, you would have to pay 1.85 times more for transportation.
Indicators | Iceland | Czech Republic |
|---|---|---|
Reasonable Vehicle Purchase Cost  | 4,000,000 ISK (28,400 USD) | 600,000 CZK (25,800 USD) |
Vehicle Registration Cost  | 15,000 ISK (106.50 USD) | 1,500 CZK (64.50 USD) |
Driving License Fees  | 5,000 ISK (35.50 USD) | 1,200 CZK (51.60 USD) |
Car Insurance Cost  | 40,000 ISK (284 USD) | 3,000 CZK (129 USD) |
Car Maintenance Cost  | 15,000 ISK (106.50 USD) | 4,000 CZK (172 USD) |
Car Loan Interest Rates  | 5 % | 5 % |
Fuel Per Liter  | 250 ISK (1.78 USD) | 35 CZK (1.50 USD) |
Fuel Per Gallon  | 1,200 ISK (8.52 USD) | 130 CZK (5.59 USD) |
Average Toll Fees  | 1,000 ISK 7.10 USD | 200 CZK 8.60 USD |
You would have to pay 1.10 times more for Vehicle purchase, daily operation and maintenance in Iceland compared to that of Czech Republic.
Indicators | Iceland | Czech Republic |
|---|---|---|
Doctor Visit  | 5,000 ISK (35.50 USD) | 1,000 CZK (43 USD) |
Specialist Visit  | 10,000 ISK (71 USD) | 1,500 CZK (64.50 USD) |
Dentist Visit  | 8,000 ISK (56.80 USD) | 1,200 CZK (51.60 USD) |
Eye Exam  | 3,000 ISK (21.30 USD) | 500 CZK (21.50 USD) |
Mental Health Counseling  | 8,000 ISK (56.80 USD) | 1,000 CZK (43 USD) |
Preventive Health Screening  | 4,000 ISK (28.40 USD) | Yet to Update () |
Physical Therapy  | 6,000 ISK (42.60 USD) | 800 CZK (34.40 USD) |
Emergency Room Visit  | 15,000 ISK (106.50 USD) | 2,000 CZK (86 USD) |
Hospital Stay Per Night  | 25,000 ISK (177.50 USD) | 4,000 CZK (172 USD) |
Vaccinations  | 2,500 ISK (17.75 USD) | 500 CZK (21.50 USD) |
Prescription Medication  | 1,500 ISK (10.65 USD) | 200 CZK (8.60 USD) |
Over the Counter Medication  | 800 ISK (5.68 USD) | 150 CZK (6.45 USD) |
Health Insurance Premiums  | 20,000 ISK (142 USD) | 2,000 CZK (86 USD) |
Health Insurance Deductibles  | 5,000 ISK (35.50 USD) | 1,500 CZK (64.50 USD) |
If you lived in Iceland, instead of Czech Republic, you would have to pay 1.15 times more for Health and Medical Treatment.
Indicators | Iceland | Czech Republic |
|---|---|---|
Cosmetic Procedures  | 30,000 ISK (213 USD) | 3,000 CZK (129 USD) |
Spa Treatment  | 10,000 ISK (71 USD) | 1,500 CZK (64.50 USD) |
Manicure Pedicure Cost  | 3,000 ISK (21.30 USD) | 800 CZK (34.40 USD) |
Optical Glasses Cost  | 10,000 ISK (71 USD) | 2,000 CZK (86 USD) |
Contact Lenses Cost  | 5,000 ISK (35.50 USD) | 1,000 CZK (43 USD) |
Haircuts  | 2,000 ISK (14.20 USD) | 300 CZK (12.90 USD) |
Hair Coloring  | 6,000 ISK (42.60 USD) | 1,000 CZK (43 USD) |
Shampoo Price  | 500 ISK (3.55 USD) | 80 CZK (3.44 USD) |
Toothpaste Price  | 200 ISK (1.42 USD) | 40 CZK (1.72 USD) |
If you lived in Iceland, instead of Czech Republic, you would have to pay 1.13 times more for Personal Care Items and Treatment.
Indicators | Iceland | Czech Republic |
|---|---|---|
Pair of Nike Running Shoes  | 15,000 ISK (106.50 USD) | 2,500 CZK (107.50 USD) |
Men's Shirt  | 5,000 ISK (35.50 USD) | 800 CZK (34.40 USD) |
Women's Dress  | 10,000 ISK (71 USD) | 1,500 CZK (64.50 USD) |
Summer Dress  | 5,000 ISK (35.50 USD) | 1,000 CZK (43 USD) |
Men's Suit  | 40,000 ISK (284 USD) | 6,000 CZK (258 USD) |
Men's Jeans  | 7,000 ISK (49.70 USD) | 1,200 CZK (51.60 USD) |
Women's Jeans  | 6,000 ISK (42.60 USD) | 1,200 CZK (51.60 USD) |
Men's Formal Shoes  | 7,000 ISK (49.70 USD) | 1,800 CZK (77.40 USD) |
Women's Formal Shoes  | 7,000 ISK (49.70 USD) | 1,800 CZK (77.40 USD) |
Men's Casual Shoes  | 5,000 ISK (35.50 USD) | 1,200 CZK (51.60 USD) |
Women's Casual Shoes  | 4,000 ISK (28.40 USD) | 1,200 CZK (51.60 USD) |
Underwear For Men  | 1,000 ISK (7.10 USD) | 200 CZK (8.60 USD) |
Underwear For Women  | 1,200 ISK (8.52 USD) | 200 CZK (8.60 USD) |
Socks For Men  | 300 ISK (2.13 USD) | 100 CZK (4.30 USD) |
Socks For Women  | 400 ISK (2.84 USD) | 100 CZK (4.30 USD) |
Wintercoat for Adults  | 8,000 ISK (56.80 USD) | 3,000 CZK (129 USD) |
Sportswear  | 6,000 ISK (42.60 USD) | 1,000 CZK (43 USD) |
If you lived in Iceland, instead of Czech Republic, you would have to pay 1.17 times less for Clothing and Footwear for Adults.
Indicators | Iceland | Czech Republic |
|---|---|---|
Children's Jeans  | 3,500 ISK (24.85 USD) | 800 CZK (34.40 USD) |
Children's Normal Sneakers  | 4,000 ISK (28.40 USD) | 1,000 CZK (43 USD) |
Children's Winter Coat  | 6,000 ISK (42.60 USD) | 1,200 CZK (51.60 USD) |
Daycare for Infant  | 25,000 ISK (177.50 USD) | 12,000 CZK (516 USD) |
Daycare for Toddler  | 20,000 ISK (142 USD) | 10,000 CZK (430 USD) |
Childcare for Sick Days  | 1,500 ISK (10.65 USD) | 500 CZK (21.50 USD) |
Early Childhood Education Programs  | 6,000 ISK (42.60 USD) | 6,000 CZK (258 USD) |
Extra Curricular Activities  | 3,000 ISK (21.30 USD) | 2,000 CZK (86 USD) |
Summer Camp for Kids  | 8,000 ISK (56.80 USD) | 4,000 CZK (172 USD) |
If you lived in Iceland, instead of Czech Republic, you would have to pay 2.95 times less for Childcare and kids clothing.
Indicators | Iceland | Czech Republic |
|---|---|---|
PreSchool Fees  | 30,000 ISK (213 USD) | 10,000 CZK (430 USD) |
Primary School Fees  | 40,000 ISK (284 USD) | 15,000 CZK (645 USD) |
Secondary School Fees  | 60,000 ISK (426 USD) | 18,000 CZK (774 USD) |
Private School Fees  | 80,000 ISK (568 USD) | 25,000 CZK (1,075 USD) |
University Tuition Fees  | 150,000 ISK (1,065 USD) | 30,000 CZK (1,290 USD) |
University Private Tuition Fees  | 200,000 ISK (1,420 USD) | 60,000 CZK (2,580 USD) |
After School Activities  | 5,000 ISK (35.50 USD) | 2,000 CZK (86 USD) |
Special Education Services  | 7,000 ISK (49.70 USD) | Yet to Update () |
Tutoring  | 5,000 ISK (35.50 USD) | 800 CZK (34.40 USD) |
Textbooks Cost  | 4,000 ISK (28.40 USD) | 1,000 CZK (43 USD) |
School Supplies  | 2,000 ISK (14.20 USD) | 500 CZK (21.50 USD) |
If you lived in Iceland, instead of Czech Republic, you would have to pay 1.69 times less for school and education.
Indicators | Iceland | Czech Republic |
|---|---|---|
Movie Ticket (Single)  | 1,000 ISK (7.10 USD) | 200 CZK (8.60 USD) |
Theater Ticket (Single)  | 2,000 ISK (14.20 USD) | 400 CZK (17.20 USD) |
Concert Ticket (Single)  | 2,500 ISK (17.75 USD) | 600 CZK (25.80 USD) |
Sports Event Ticket (Single)  | 1,500 ISK (10.65 USD) | 700 CZK (30.10 USD) |
Gym Membership  | 6,000 ISK (42.60 USD) | 1,000 CZK (43 USD) |
Swimming Pool Access  | 5,000 ISK (35.50 USD) | 500 CZK (21.50 USD) |
Museum Entry Ticket  | 1,000 ISK (7.10 USD) | 150 CZK (6.45 USD) |
Zoo Entry Ticket  | 1,500 ISK (10.65 USD) | 200 CZK (8.60 USD) |
Amusement Park Entry Ticket  | 2,000 ISK (14.20 USD) | 500 CZK (21.50 USD) |
Bowling  | 1,000 ISK (7.10 USD) | 250 CZK (10.75 USD) |
Mini Golf  | 1,500 ISK (10.65 USD) | 200 CZK (8.60 USD) |
Video Games  | 5,000 ISK (35.50 USD) | 1,000 CZK (43 USD) |
Streaming Services  | 1,000 ISK (7.10 USD) | 200 CZK (8.60 USD) |
Outdoor Equipment Rental  | 1,000 ISK (7.10 USD) | 500 CZK (21.50 USD) |
Theme Park Annual Pass  | 50,000 ISK (355 USD) | 4,000 CZK (172 USD) |
If you lived in Iceland, instead of Czech Republic, you would have to pay 1.30 times more for entertainment, recreation and fun activities.
Indicators | Iceland | Czech Republic |
|---|---|---|
Language Classes  | 5,000 ISK (35.50 USD) | 2,000 CZK (86 USD) |
Parenting Classes  | 5,000 ISK (35.50 USD) | 1,500 CZK (64.50 USD) |
Art Classes  | 3,000 ISK (21.30 USD) | 400 CZK (17.20 USD) |
Fitness Classes  | 6,000 ISK (42.60 USD) | 300 CZK (12.90 USD) |
Music Lessons  | 4,000 ISK (28.40 USD) | 500 CZK (21.50 USD) |
Dance Lessons  | 4,000 ISK (28.40 USD) | 500 CZK (21.50 USD) |
Reading Materials for Classes  | 1,000 ISK (7.10 USD) | 200 CZK (8.60 USD) |
Educational Software  | 3,000 ISK (21.30 USD) | 1,000 CZK (43 USD) |
If you lived in Iceland, instead of Czech Republic, you would have to pay 1.25 times less for Private Classes.
Indicators | Iceland | Czech Republic |
|---|---|---|
Average Gross Monthly Salary  | 450,000 ISK (3,195 USD) | 45,000 CZK (1,935 USD) |
Average Net Monthly Salary  | 350,000 ISK (2,485 USD) | 35,000 CZK (1,505 USD) |
Minimum Wages  | 6,666.67 ISK per hour (47.33 USD) | 566.67 CZK per hour (24.37 USD) |
Average Bonus  | 40,000 ISK (284 USD) | 10,000 CZK (430 USD) |
Income Tax Rate  | 0 to 24 % | 0 to 21 % |
Social Security Contributions  | 7 % | 31.5 % |
Pension Contributions  | 8 % | 11 % |
Cost of Living Index  | 12 | 55 |
Median Household Income  | 400,000 ISK (2,840 USD) | 40,000 CZK (1,720 USD) |
If you lived in Iceland, you would earn 1.58 times more salary as compared to Czech Republic.
Indicators | Iceland | Czech Republic |
|---|---|---|
Legal Consultation Per Hour Rate  | 10,000 ISK (71 USD) | 1,500 CZK (64.50 USD) |
Accounting Services Per Hour Rate  | 7,000 ISK (49.70 USD) | 1,200 CZK (51.60 USD) |
IT Support Services Per Hour Rate  | 5,000 ISK (35.50 USD) | 1,000 CZK (43 USD) |
Technician Services Per Hour Rate  | 4,000 ISK (28.40 USD) | 1,200 CZK (51.60 USD) |
Professional Services cost 1.14 times less in Iceland, as compared to Czech Republic.
We hope you enjoyed the detailed guide on the cost of living comparsion between Iceland and Czech Republic.
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