Published: Monday, 21th October 2024
The cost of living in Iceland is 1.44 times less expensive as compared to New Zealand.
On this page, you will find side-by-side cost comparison between Iceland and New Zealand. 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 New Zealand.
We always try to give you the latest data, but sometimes mistakes might occur. If you think some content on our site is not updated, please let us know by emailing us at: info.comparedoo@gmail.com
![]() Indicators ![]() | ![]() Iceland ![]() | ![]() New Zealand ![]() |
---|---|---|
1 BHK Apartment in City Center ![]() | 200,000 ISK (1,420 USD) | 2,200 NZD (1,287.22 USD) |
2 BHK Apartment in City Center ![]() | 300,000 ISK (2,130 USD) | 3,200 NZD (1,872.32 USD) |
3 BHK Apartment in City Center ![]() | 400,000 ISK (2,840 USD) | 4,200 NZD (2,457.42 USD) |
1 BHK Apartment outside City Center ![]() | 150,000 ISK (1,065 USD) | 1,400 NZD (819.14 USD) |
2 BHK Apartment outside City Center ![]() | 200,000 ISK (1,420 USD) | 2,100 NZD (1,228.71 USD) |
3 BHK Apartment outside City Center ![]() | 300,000 ISK (2,130 USD) | 2,800 NZD (1,638.28 USD) |
Mortgage Rates Per Month ![]() | 4 % | 1.9 % |
Realtor Commission ![]() | 2 % | 2 % |
Property Taxes ![]() | 0.2 to 1.65 % | 0.4 to 1.5 % |
The average housing cost in Iceland is 1.16 times more expensive than New Zealand.
![]() Indicators ![]() | ![]() Iceland ![]() | ![]() New Zealand ![]() |
---|---|---|
Basic Home Furnishing ![]() | 300,000 ISK (2,130 USD) | 18,000 NZD (10,531.80 USD) |
Electricity Cost Per Month ![]() | 20,000 ISK (142 USD) | 250 NZD (146.27 USD) |
Heating Cost Per Month ![]() | 25,000 ISK (177.50 USD) | 200 NZD (117.02 USD) |
Cooling Cost Per Month ![]() | 10,000 ISK (71 USD) | 150 NZD (87.76 USD) |
Water Supply Cost Per Month ![]() | 5,000 ISK (35.50 USD) | 120 NZD (70.21 USD) |
If you lived in Iceland, instead of New Zealand, you would have to pay 76.66% less for Utilities.
The basic home furnishing in Iceland costs 4.94 times less compared to New Zealand.
![]() Indicators ![]() | ![]() Iceland ![]() | ![]() New Zealand ![]() |
---|---|---|
Standard Wifi Cost Per Month ![]() | 10,000 ISK (71 USD) | 200 NZD (117.02 USD) |
Mobile Phone Basic Plan Cost Per Month ![]() | 5,000 ISK (35.50 USD) | 120 NZD (70.21 USD) |
Landline Basic Plan Cost Per Month ![]() | 3,000 ISK (21.30 USD) | 60 NZD (35.11 USD) |
Cable TV Basic Plan Cost Per Month ![]() | 8,000 ISK (56.80 USD) | 100 NZD (58.51 USD) |
The internet and communication costs 34.27% less in Iceland compared to New Zealand.
![]() Indicators ![]() | ![]() Iceland ![]() | ![]() New Zealand ![]() |
---|---|---|
Long Grain Rice (1 KG) ![]() | 500 ISK (3.55 USD) | 3.20 NZD (1.87 USD) |
Milk (1 Liter) ![]() | 250 ISK (1.78 USD) | 1.90 NZD (1.11 USD) |
Water (1 Liter) ![]() | 50 ISK (0.36 USD) | 1 NZD (0.59 USD) |
Bread (500 gm) ![]() | 150 ISK (1.07 USD) | 2.60 NZD (1.52 USD) |
Eggs (1 Dozen) ![]() | 500 ISK (3.55 USD) | 4.50 NZD (2.63 USD) |
Cheese (1 KG) ![]() | 1,200 ISK (8.52 USD) | 10 NZD (5.85 USD) |
Chicken Breast (1 KG) ![]() | 1,000 ISK (7.10 USD) | 15 NZD (8.78 USD) |
In Iceland, the cost of 1 Liter Water and 1 Liter Milk is 1.26 times more expensive than the cost in New Zealand.
If you lived in Iceland, instead of New Zealand, you would have to pay 15.95% more for Groceries.
![]() Indicators ![]() | ![]() Iceland ![]() | ![]() New Zealand ![]() |
---|---|---|
Apples (1 KG) ![]() | 800 ISK (5.68 USD) | 3 NZD (1.76 USD) |
Bananas (1 KG) ![]() | 600 ISK (4.26 USD) | 2.50 NZD (1.46 USD) |
Oranges (1 KG) ![]() | 700 ISK (4.97 USD) | 3 NZD (1.76 USD) |
Tomatoes (1 KG) ![]() | 500 ISK (3.55 USD) | 3 NZD (1.76 USD) |
Potatoes (1 KG) ![]() | 400 ISK (2.84 USD) | 2.50 NZD (1.46 USD) |
Lemons (1 KG) ![]() | 700 ISK (4.97 USD) | 3 NZD (1.76 USD) |
Onions (1 KG) ![]() | 600 ISK (4.26 USD) | 2.50 NZD (1.46 USD) |
Lentils (1 KG) ![]() | 600 ISK (4.26 USD) | 3.50 NZD (2.05 USD) |
If you lived in Iceland, instead of New Zealand, you would have to pay 2.59 times more for Fruits and Vegetables.
![]() Indicators ![]() | ![]() Iceland ![]() | ![]() New Zealand ![]() |
---|---|---|
Meal at a Resonable Restaurant ![]() | 3,500 ISK (24.85 USD) | 20 NZD (11.70 USD) |
Three-Course Meal for Two ![]() | 8,000 ISK (56.80 USD) | 60 NZD (35.11 USD) |
Fast Food Combo Meal ![]() | 1,500 ISK (10.65 USD) | 12 NZD (7.02 USD) |
Normal Coffee ![]() | 500 ISK (3.55 USD) | 4 NZD (2.34 USD) |
Soft Drink ![]() | 300 ISK (2.13 USD) | 2.50 NZD (1.46 USD) |
Pizza for One ![]() | 2,500 ISK (17.75 USD) | 15 NZD (8.78 USD) |
Take-Out Delivery Meal ![]() | 3,000 ISK (21.30 USD) | 20 NZD (11.70 USD) |
Cigarette Pack of 20 ![]() | 1,500 ISK (10.65 USD) | 10 NZD (5.85 USD) |
Dining-Out costs 75.89% more in Iceland compared to New Zealand.
![]() Indicators ![]() | ![]() Iceland ![]() | ![]() New Zealand ![]() |
---|---|---|
Wine Mid-Range Bottle ![]() | 2,000 ISK (14.20 USD) | 12 NZD (7.02 USD) |
Glass of Wine ![]() | 1,200 ISK (8.52 USD) | 6 NZD (3.51 USD) |
Domestic Beer Half Liter ![]() | 600 ISK (4.26 USD) | 2.50 NZD (1.46 USD) |
Imported Beer Half Liter ![]() | 800 ISK (5.68 USD) | 3 NZD (1.76 USD) |
Domestic Alcohol 1 Liter ![]() | 3,000 ISK (21.30 USD) | 15 NZD (8.78 USD) |
Branded Alcohol 1 Liter ![]() | 4,000 ISK (28.40 USD) | 30 NZD (17.55 USD) |
If you lived in Iceland, instead of New Zealand, you would have to pay 2.05 times more for usual hard drinks.
![]() Indicators ![]() | ![]() Iceland ![]() | ![]() New Zealand ![]() |
---|---|---|
Monthly Public Transportation Pass ![]() | 15,000 ISK (106.50 USD) | 150 NZD (87.76 USD) |
Single Public Transportation Ticket ![]() | 400 ISK (2.84 USD) | 3.50 NZD (2.05 USD) |
Single Train Ticket ![]() | Yet to Update () | 25 NZD (14.63 USD) |
Domestic Airplane Ticket ![]() | 30,000 ISK (213 USD) | 150 NZD (87.76 USD) |
Taxi Start Fare ![]() | 800 ISK (5.68 USD) | 4 NZD (2.34 USD) |
Taxi Rate Per Kilometer ![]() | 200 ISK (1.42 USD) | 2.50 NZD (1.46 USD) |
Car Rental Per Day ![]() | 10,000 ISK (71 USD) | 70 NZD (40.96 USD) |
Parking Fees in City Center Per Hour ![]() | 500 ISK (3.55 USD) | 4 NZD (2.34 USD) |
Parking Fees outside City Center Per Hour ![]() | 300 ISK (2.13 USD) | 2 NZD (1.17 USD) |
If you lived in Iceland, instead of New Zealand, you would have to pay 1.69 times more for transportation.
![]() Indicators ![]() | ![]() Iceland ![]() | ![]() New Zealand ![]() |
---|---|---|
Reasonable Vehicle Purchase Cost ![]() | 4,000,000 ISK (28,400 USD) | 30,000 NZD (17,553 USD) |
Vehicle Registration Cost ![]() | 15,000 ISK (106.50 USD) | 300 NZD (175.53 USD) |
Driving License Fees ![]() | 5,000 ISK (35.50 USD) | 80 NZD (46.81 USD) |
Car Insurance Cost ![]() | 40,000 ISK (284 USD) | 120 NZD (70.21 USD) |
Car Maintenance Cost ![]() | 15,000 ISK (106.50 USD) | 100 NZD (58.51 USD) |
Car Loan Interest Rates ![]() | 5 % | 6 % |
Fuel Per Liter ![]() | 250 ISK (1.78 USD) | 2.30 NZD (1.35 USD) |
Fuel Per Gallon ![]() | 1,200 ISK (8.52 USD) | 8.70 NZD (5.09 USD) |
Average Toll Fees ![]() | 1,000 ISK 7.10 USD | Yet to Update |
You would have to pay 1.62 times more for Vehicle purchase, daily operation and maintenance in Iceland compared to that of New Zealand.
![]() Indicators ![]() | ![]() Iceland ![]() | ![]() New Zealand ![]() |
---|---|---|
Doctor Visit ![]() | 5,000 ISK (35.50 USD) | 60 NZD (35.11 USD) |
Specialist Visit ![]() | 10,000 ISK (71 USD) | 120 NZD (70.21 USD) |
Dentist Visit ![]() | 8,000 ISK (56.80 USD) | 80 NZD (46.81 USD) |
Eye Exam ![]() | 3,000 ISK (21.30 USD) | 40 NZD (23.40 USD) |
Mental Health Counseling ![]() | 8,000 ISK (56.80 USD) | 80 NZD (46.81 USD) |
Preventive Health Screening ![]() | 4,000 ISK (28.40 USD) | 40 NZD (23.40 USD) |
Physical Therapy ![]() | 6,000 ISK (42.60 USD) | 60 NZD (35.11 USD) |
Emergency Room Visit ![]() | 15,000 ISK (106.50 USD) | 300 NZD (175.53 USD) |
Hospital Stay Per Night ![]() | 25,000 ISK (177.50 USD) | 200 NZD (117.02 USD) |
Vaccinations ![]() | 2,500 ISK (17.75 USD) | 30 NZD (17.55 USD) |
Prescription Medication ![]() | 1,500 ISK (10.65 USD) | 25 NZD (14.63 USD) |
Over the Counter Medication ![]() | 800 ISK (5.68 USD) | 15 NZD (8.78 USD) |
Health Insurance Premiums ![]() | 20,000 ISK (142 USD) | 250 NZD (146.27 USD) |
Health Insurance Deductibles ![]() | 5,000 ISK (35.50 USD) | 60 NZD (35.11 USD) |
If you lived in Iceland, instead of New Zealand, you would have to pay 1.02 times more for Health and Medical Treatment.
![]() Indicators ![]() | ![]() Iceland ![]() | ![]() New Zealand ![]() |
---|---|---|
Cosmetic Procedures ![]() | 30,000 ISK (213 USD) | 250 NZD (146.27 USD) |
Spa Treatment ![]() | 10,000 ISK (71 USD) | 120 NZD (70.21 USD) |
Manicure Pedicure Cost ![]() | 3,000 ISK (21.30 USD) | 40 NZD (23.40 USD) |
Optical Glasses Cost ![]() | 10,000 ISK (71 USD) | 100 NZD (58.51 USD) |
Contact Lenses Cost ![]() | 5,000 ISK (35.50 USD) | 60 NZD (35.11 USD) |
Haircuts ![]() | 2,000 ISK (14.20 USD) | 30 NZD (17.55 USD) |
Hair Coloring ![]() | 6,000 ISK (42.60 USD) | 70 NZD (40.96 USD) |
Shampoo Price ![]() | 500 ISK (3.55 USD) | 5 NZD (2.93 USD) |
Toothpaste Price ![]() | 200 ISK (1.42 USD) | 3 NZD (1.76 USD) |
If you lived in Iceland, instead of New Zealand, you would have to pay 1.19 times more for Personal Care Items and Treatment.
![]() Indicators ![]() | ![]() Iceland ![]() | ![]() New Zealand ![]() |
---|---|---|
Pair of Nike Running Shoes ![]() | 15,000 ISK (106.50 USD) | 130 NZD (76.06 USD) |
Men's Shirt ![]() | 5,000 ISK (35.50 USD) | 60 NZD (35.11 USD) |
Women's Dress ![]() | 10,000 ISK (71 USD) | 90 NZD (52.66 USD) |
Summer Dress ![]() | 5,000 ISK (35.50 USD) | 70 NZD (40.96 USD) |
Men's Suit ![]() | 40,000 ISK (284 USD) | 350 NZD (204.78 USD) |
Men's Jeans ![]() | 7,000 ISK (49.70 USD) | 90 NZD (52.66 USD) |
Women's Jeans ![]() | 6,000 ISK (42.60 USD) | 90 NZD (52.66 USD) |
Men's Formal Shoes ![]() | 7,000 ISK (49.70 USD) | 100 NZD (58.51 USD) |
Women's Formal Shoes ![]() | 7,000 ISK (49.70 USD) | 100 NZD (58.51 USD) |
Men's Casual Shoes ![]() | 5,000 ISK (35.50 USD) | 80 NZD (46.81 USD) |
Women's Casual Shoes ![]() | 4,000 ISK (28.40 USD) | 80 NZD (46.81 USD) |
Underwear For Men ![]() | 1,000 ISK (7.10 USD) | 15 NZD (8.78 USD) |
Underwear For Women ![]() | 1,200 ISK (8.52 USD) | 20 NZD (11.70 USD) |
Socks For Men ![]() | 300 ISK (2.13 USD) | 5 NZD (2.93 USD) |
Socks For Women ![]() | 400 ISK (2.84 USD) | 5 NZD (2.93 USD) |
Wintercoat for Adults ![]() | 8,000 ISK (56.80 USD) | 120 NZD (70.21 USD) |
Sportswear ![]() | 6,000 ISK (42.60 USD) | 80 NZD (46.81 USD) |
If you lived in Iceland, instead of New Zealand, you would have to pay 1.05 times more for Clothing and Footwear for Adults.
![]() Indicators ![]() | ![]() Iceland ![]() | ![]() New Zealand ![]() |
---|---|---|
Children's Jeans ![]() | 3,500 ISK (24.85 USD) | 50 NZD (29.25 USD) |
Children's Normal Sneakers ![]() | 4,000 ISK (28.40 USD) | 60 NZD (35.11 USD) |
Children's Winter Coat ![]() | 6,000 ISK (42.60 USD) | 70 NZD (40.96 USD) |
Daycare for Infant ![]() | 25,000 ISK (177.50 USD) | 1,200 NZD (702.12 USD) |
Daycare for Toddler ![]() | 20,000 ISK (142 USD) | 1,000 NZD (585.10 USD) |
Childcare for Sick Days ![]() | 1,500 ISK (10.65 USD) | 100 NZD (58.51 USD) |
Early Childhood Education Programs ![]() | 6,000 ISK (42.60 USD) | 1,000 NZD (585.10 USD) |
Extra Curricular Activities ![]() | 3,000 ISK (21.30 USD) | 300 NZD (175.53 USD) |
Summer Camp for Kids ![]() | 8,000 ISK (56.80 USD) | 1,000 NZD (585.10 USD) |
If you lived in Iceland, instead of New Zealand, you would have to pay 5.12 times less for Childcare and kids clothing.
![]() Indicators ![]() | ![]() Iceland ![]() | ![]() New Zealand ![]() |
---|---|---|
PreSchool Fees ![]() | 30,000 ISK (213 USD) | 1,800 NZD (1,053.18 USD) |
Primary School Fees ![]() | 40,000 ISK (284 USD) | 5,000 NZD (2,925.50 USD) |
Secondary School Fees ![]() | 60,000 ISK (426 USD) | 6,000 NZD (3,510.60 USD) |
Private School Fees ![]() | 80,000 ISK (568 USD) | 8,000 NZD (4,680.80 USD) |
University Tuition Fees ![]() | 150,000 ISK (1,065 USD) | 12,000 NZD (7,021.20 USD) |
University Private Tuition Fees ![]() | 200,000 ISK (1,420 USD) | 18,000 NZD (10,531.80 USD) |
After School Activities ![]() | 5,000 ISK (35.50 USD) | 300 NZD (175.53 USD) |
Special Education Services ![]() | 7,000 ISK (49.70 USD) | 2,000 NZD (1,170.20 USD) |
Tutoring ![]() | 5,000 ISK (35.50 USD) | 150 NZD (87.76 USD) |
Textbooks Cost ![]() | 4,000 ISK (28.40 USD) | 600 NZD (351.06 USD) |
School Supplies ![]() | 2,000 ISK (14.20 USD) | 250 NZD (146.27 USD) |
If you lived in Iceland, instead of New Zealand, you would have to pay 7.65 times less for school and education.
![]() Indicators ![]() | ![]() Iceland ![]() | ![]() New Zealand ![]() |
---|---|---|
Movie Ticket (Single) ![]() | 1,000 ISK (7.10 USD) | 15 NZD (8.78 USD) |
Theater Ticket (Single) ![]() | 2,000 ISK (14.20 USD) | 30 NZD (17.55 USD) |
Concert Ticket (Single) ![]() | 2,500 ISK (17.75 USD) | 50 NZD (29.25 USD) |
Sports Event Ticket (Single) ![]() | 1,500 ISK (10.65 USD) | 40 NZD (23.40 USD) |
Gym Membership ![]() | 6,000 ISK (42.60 USD) | 60 NZD (35.11 USD) |
Swimming Pool Access ![]() | 5,000 ISK (35.50 USD) | 40 NZD (23.40 USD) |
Museum Entry Ticket ![]() | 1,000 ISK (7.10 USD) | 15 NZD (8.78 USD) |
Zoo Entry Ticket ![]() | 1,500 ISK (10.65 USD) | 20 NZD (11.70 USD) |
Amusement Park Entry Ticket ![]() | 2,000 ISK (14.20 USD) | 30 NZD (17.55 USD) |
Bowling ![]() | 1,000 ISK (7.10 USD) | 15 NZD (8.78 USD) |
Mini Golf ![]() | 1,500 ISK (10.65 USD) | 15 NZD (8.78 USD) |
Video Games ![]() | 5,000 ISK (35.50 USD) | 60 NZD (35.11 USD) |
Streaming Services ![]() | 1,000 ISK (7.10 USD) | 15 NZD (8.78 USD) |
Outdoor Equipment Rental ![]() | 1,000 ISK (7.10 USD) | 25 NZD (14.63 USD) |
Theme Park Annual Pass ![]() | 50,000 ISK (355 USD) | 250 NZD (146.27 USD) |
If you lived in Iceland, instead of New Zealand, you would have to pay 1.46 times more for entertainment, recreation and fun activities.
![]() Indicators ![]() | ![]() Iceland ![]() | ![]() New Zealand ![]() |
---|---|---|
Language Classes ![]() | 5,000 ISK (35.50 USD) | 1,200 NZD (702.12 USD) |
Parenting Classes ![]() | 5,000 ISK (35.50 USD) | 200 NZD (117.02 USD) |
Art Classes ![]() | 3,000 ISK (21.30 USD) | 25 NZD (14.63 USD) |
Fitness Classes ![]() | 6,000 ISK (42.60 USD) | 20 NZD (11.70 USD) |
Music Lessons ![]() | 4,000 ISK (28.40 USD) | 40 NZD (23.40 USD) |
Dance Lessons ![]() | 4,000 ISK (28.40 USD) | 40 NZD (23.40 USD) |
Reading Materials for Classes ![]() | 1,000 ISK (7.10 USD) | 15 NZD (8.78 USD) |
Educational Software ![]() | 3,000 ISK (21.30 USD) | 300 NZD (175.53 USD) |
If you lived in Iceland, instead of New Zealand, you would have to pay 4.89 times less for Private Classes.
![]() Indicators ![]() | ![]() Iceland ![]() | ![]() New Zealand ![]() |
---|---|---|
Average Gross Monthly Salary ![]() | 450,000 ISK (3,195 USD) | 6,000 NZD (3,510.60 USD) |
Average Net Monthly Salary ![]() | 350,000 ISK (2,485 USD) | 4,500 NZD (2,632.95 USD) |
Minimum Wages ![]() | 6,666.67 ISK per hour (47.33 USD) | 100 NZD per hour (58.51 USD) |
Average Bonus ![]() | 40,000 ISK (284 USD) | 500 NZD (292.55 USD) |
Income Tax Rate ![]() | 0 to 24 % | 0 to 15 % |
Social Security Contributions ![]() | 7 % | 10 % |
Pension Contributions ![]() | 8 % | 10 % |
Cost of Living Index ![]() | 12 | 85 |
Median Household Income ![]() | 400,000 ISK (2,840 USD) | 5,000 NZD (2,925.50 USD) |
If you lived in Iceland, you would earn 1.06 times less salary as compared to New Zealand.
![]() Indicators ![]() | ![]() Iceland ![]() | ![]() New Zealand ![]() |
---|---|---|
Legal Consultation Per Hour Rate ![]() | 10,000 ISK (71 USD) | 150 NZD (87.76 USD) |
Accounting Services Per Hour Rate ![]() | 7,000 ISK (49.70 USD) | 120 NZD (70.21 USD) |
IT Support Services Per Hour Rate ![]() | 5,000 ISK (35.50 USD) | 100 NZD (58.51 USD) |
Technician Services Per Hour Rate ![]() | 4,000 ISK (28.40 USD) | 80 NZD (46.81 USD) |
Professional Services cost 1.43 times less in Iceland, as compared to New Zealand.
We hope you enjoyed the detailed guide on the cost of living comparsion between Iceland and New Zealand.
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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