Published: Monday, 21th October 2024
The cost of living in Iceland is 1.11 times more expensive as compared to United Arab Emirates.
On this page, you will find side-by-side cost comparison between Iceland and United Arab Emirates. 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 United Arab Emirates.
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 Indicators  | Iceland  | United Arab Emirates  |
|---|---|---|
1 BHK Apartment in City Center  | 200,000 ISK (1,420 USD) | 4,000 AED (1,080 USD) |
2 BHK Apartment in City Center  | 300,000 ISK (2,130 USD) | 6,500 AED (1,755 USD) |
3 BHK Apartment in City Center  | 400,000 ISK (2,840 USD) | 9,000 AED (2,430 USD) |
1 BHK Apartment outside City Center  | 150,000 ISK (1,065 USD) | 2,500 AED (675 USD) |
2 BHK Apartment outside City Center  | 200,000 ISK (1,420 USD) | 4,000 AED (1,080 USD) |
3 BHK Apartment outside City Center  | 300,000 ISK (2,130 USD) | 6,000 AED (1,620 USD) |
Mortgage Rates Per Month  | 4 % | 5 % |
Realtor Commission  | 2 % | 2 % |
Property Taxes  | 0.2 to 1.65 % | Yet to Update |
The average housing cost in Iceland is 1.27 times more expensive than United Arab Emirates.
Indicators | Iceland | United Arab Emirates |
|---|---|---|
Basic Home Furnishing  | 300,000 ISK (2,130 USD) | 10,000 AED (2,700 USD) |
Electricity Cost Per Month  | 20,000 ISK (142 USD) | 500 AED (135 USD) |
Heating Cost Per Month  | 25,000 ISK (177.50 USD) | 200 AED (54 USD) |
Cooling Cost Per Month  | 10,000 ISK (71 USD) | 800 AED (216 USD) |
Water Supply Cost Per Month  | 5,000 ISK (35.50 USD) | 300 AED (81 USD) |
If you lived in Iceland, instead of United Arab Emirates, you would have to pay 19.77% less for Utilities.
The basic home furnishing in Iceland costs 1.27 times less compared to United Arab Emirates.
Indicators | Iceland | United Arab Emirates |
|---|---|---|
Standard Wifi Cost Per Month  | 10,000 ISK (71 USD) | 350 AED (94.50 USD) |
Mobile Phone Basic Plan Cost Per Month  | 5,000 ISK (35.50 USD) | 100 AED (27 USD) |
Landline Basic Plan Cost Per Month  | 3,000 ISK (21.30 USD) | 100 AED (27 USD) |
Cable TV Basic Plan Cost Per Month  | 8,000 ISK (56.80 USD) | 150 AED (40.50 USD) |
The internet and communication costs 2.33% less in Iceland compared to United Arab Emirates.
Indicators | Iceland | United Arab Emirates |
|---|---|---|
Long Grain Rice (1 KG)  | 500 ISK (3.55 USD) | 10 AED (2.70 USD) |
Milk (1 Liter)  | 250 ISK (1.78 USD) | 7 AED (1.89 USD) |
Water (1 Liter)  | 50 ISK (0.36 USD) | 2 AED (0.54 USD) |
Bread (500 gm)  | 150 ISK (1.07 USD) | 5 AED (1.35 USD) |
Eggs (1 Dozen)  | 500 ISK (3.55 USD) | 15 AED (4.05 USD) |
Cheese (1 KG)  | 1,200 ISK (8.52 USD) | 35 AED (9.45 USD) |
Chicken Breast (1 KG)  | 1,000 ISK (7.10 USD) | 25 AED (6.75 USD) |
In Iceland, the cost of 1 Liter Water and 1 Liter Milk is 1.14 times less expensive than the cost in United Arab Emirates.
If you lived in Iceland, instead of United Arab Emirates, you would have to pay 3.05% less for Groceries.
Indicators | Iceland | United Arab Emirates |
|---|---|---|
Apples (1 KG)  | 800 ISK (5.68 USD) | 10 AED (2.70 USD) |
Bananas (1 KG)  | 600 ISK (4.26 USD) | 6 AED (1.62 USD) |
Oranges (1 KG)  | 700 ISK (4.97 USD) | 8 AED (2.16 USD) |
Tomatoes (1 KG)  | 500 ISK (3.55 USD) | 7 AED (1.89 USD) |
Potatoes (1 KG)  | 400 ISK (2.84 USD) | 5 AED (1.35 USD) |
Lemons (1 KG)  | 700 ISK (4.97 USD) | 12 AED (3.24 USD) |
Onions (1 KG)  | 600 ISK (4.26 USD) | 7 AED (1.89 USD) |
Lentils (1 KG)  | 600 ISK (4.26 USD) | 8 AED (2.16 USD) |
If you lived in Iceland, instead of United Arab Emirates, you would have to pay 2.05 times more for Fruits and Vegetables.
Indicators | Iceland | United Arab Emirates |
|---|---|---|
Meal at a Resonable Restaurant  | 3,500 ISK (24.85 USD) | 30 AED (8.10 USD) |
Three-Course Meal for Two  | 8,000 ISK (56.80 USD) | 120 AED (32.40 USD) |
Fast Food Combo Meal  | 1,500 ISK (10.65 USD) | 20 AED (5.40 USD) |
Normal Coffee  | 500 ISK (3.55 USD) | 15 AED (4.05 USD) |
Soft Drink  | 300 ISK (2.13 USD) | 6 AED (1.62 USD) |
Pizza for One  | 2,500 ISK (17.75 USD) | 60 AED (16.20 USD) |
Take-Out Delivery Meal  | 3,000 ISK (21.30 USD) | 30 AED (8.10 USD) |
Cigarette Pack of 20  | 1,500 ISK (10.65 USD) | 30 AED (8.10 USD) |
Dining-Out costs 75.87% more in Iceland compared to United Arab Emirates.
Indicators | Iceland | United Arab Emirates |
|---|---|---|
Wine Mid-Range Bottle  | 2,000 ISK (14.20 USD) | 90 AED (24.30 USD) |
Glass of Wine  | 1,200 ISK (8.52 USD) | 40 AED (10.80 USD) |
Domestic Beer Half Liter  | 600 ISK (4.26 USD) | 25 AED (6.75 USD) |
Imported Beer Half Liter  | 800 ISK (5.68 USD) | 35 AED (9.45 USD) |
Domestic Alcohol 1 Liter  | 3,000 ISK (21.30 USD) | 80 AED (21.60 USD) |
Branded Alcohol 1 Liter  | 4,000 ISK (28.40 USD) | 120 AED (32.40 USD) |
If you lived in Iceland, instead of United Arab Emirates, you would have to pay 1.28 times less for usual hard drinks.
Indicators | Iceland | United Arab Emirates |
|---|---|---|
Monthly Public Transportation Pass  | 15,000 ISK (106.50 USD) | 300 AED (81 USD) |
Single Public Transportation Ticket  | 400 ISK (2.84 USD) | 5 AED (1.35 USD) |
Single Train Ticket  | Yet to Update () | Yet to Update () |
Domestic Airplane Ticket  | 30,000 ISK (213 USD) | 500 AED (135 USD) |
Taxi Start Fare  | 800 ISK (5.68 USD) | 12 AED (3.24 USD) |
Taxi Rate Per Kilometer  | 200 ISK (1.42 USD) | 1.50 AED (0.41 USD) |
Car Rental Per Day  | 10,000 ISK (71 USD) | 100 AED (27 USD) |
Parking Fees in City Center Per Hour  | 500 ISK (3.55 USD) | 20 AED (5.40 USD) |
Parking Fees outside City Center Per Hour  | 300 ISK (2.13 USD) | 10 AED (2.70 USD) |
If you lived in Iceland, instead of United Arab Emirates, you would have to pay 1.59 times more for transportation.
Indicators | Iceland | United Arab Emirates |
|---|---|---|
Reasonable Vehicle Purchase Cost  | 4,000,000 ISK (28,400 USD) | 50,000 AED (13,500 USD) |
Vehicle Registration Cost  | 15,000 ISK (106.50 USD) | 1,000 AED (270 USD) |
Driving License Fees  | 5,000 ISK (35.50 USD) | 200 AED (54 USD) |
Car Insurance Cost  | 40,000 ISK (284 USD) | 2,000 AED (540 USD) |
Car Maintenance Cost  | 15,000 ISK (106.50 USD) | 500 AED (135 USD) |
Car Loan Interest Rates  | 5 % | 6 % |
Fuel Per Liter  | 250 ISK (1.78 USD) | 2.50 AED (0.68 USD) |
Fuel Per Gallon  | 1,200 ISK (8.52 USD) | 10 AED (2.70 USD) |
Average Toll Fees  | 1,000 ISK 7.10 USD | Yet to Update |
You would have to pay 2.00 times more for Vehicle purchase, daily operation and maintenance in Iceland compared to that of United Arab Emirates.
Indicators | Iceland | United Arab Emirates |
|---|---|---|
Doctor Visit  | 5,000 ISK (35.50 USD) | 300 AED (81 USD) |
Specialist Visit  | 10,000 ISK (71 USD) | 500 AED (135 USD) |
Dentist Visit  | 8,000 ISK (56.80 USD) | 400 AED (108 USD) |
Eye Exam  | 3,000 ISK (21.30 USD) | 150 AED (40.50 USD) |
Mental Health Counseling  | 8,000 ISK (56.80 USD) | 400 AED (108 USD) |
Preventive Health Screening  | 4,000 ISK (28.40 USD) | 100 AED (27 USD) |
Physical Therapy  | 6,000 ISK (42.60 USD) | 300 AED (81 USD) |
Emergency Room Visit  | 15,000 ISK (106.50 USD) | 500 AED (135 USD) |
Hospital Stay Per Night  | 25,000 ISK (177.50 USD) | 1,000 AED (270 USD) |
Vaccinations  | 2,500 ISK (17.75 USD) | 50 AED (13.50 USD) |
Prescription Medication  | 1,500 ISK (10.65 USD) | 50 AED (13.50 USD) |
Over the Counter Medication  | 800 ISK (5.68 USD) | 30 AED (8.10 USD) |
Health Insurance Premiums  | 20,000 ISK (142 USD) | 1,000 AED (270 USD) |
Health Insurance Deductibles  | 5,000 ISK (35.50 USD) | 2,000 AED (540 USD) |
If you lived in Iceland, instead of United Arab Emirates, you would have to pay 2.27 times less for Health and Medical Treatment.
Indicators | Iceland | United Arab Emirates |
|---|---|---|
Cosmetic Procedures  | 30,000 ISK (213 USD) | 500 AED (135 USD) |
Spa Treatment  | 10,000 ISK (71 USD) | 200 AED (54 USD) |
Manicure Pedicure Cost  | 3,000 ISK (21.30 USD) | 80 AED (21.60 USD) |
Optical Glasses Cost  | 10,000 ISK (71 USD) | 150 AED (40.50 USD) |
Contact Lenses Cost  | 5,000 ISK (35.50 USD) | 100 AED (27 USD) |
Haircuts  | 2,000 ISK (14.20 USD) | 50 AED (13.50 USD) |
Hair Coloring  | 6,000 ISK (42.60 USD) | 100 AED (27 USD) |
Shampoo Price  | 500 ISK (3.55 USD) | 20 AED (5.40 USD) |
Toothpaste Price  | 200 ISK (1.42 USD) | 10 AED (2.70 USD) |
If you lived in Iceland, instead of United Arab Emirates, you would have to pay 1.45 times more for Personal Care Items and Treatment.
Indicators | Iceland | United Arab Emirates |
|---|---|---|
Pair of Nike Running Shoes  | 15,000 ISK (106.50 USD) | 350 AED (94.50 USD) |
Men's Shirt  | 5,000 ISK (35.50 USD) | 100 AED (27 USD) |
Women's Dress  | 10,000 ISK (71 USD) | 250 AED (67.50 USD) |
Summer Dress  | 5,000 ISK (35.50 USD) | 150 AED (40.50 USD) |
Men's Suit  | 40,000 ISK (284 USD) | 1,500 AED (405 USD) |
Men's Jeans  | 7,000 ISK (49.70 USD) | 250 AED (67.50 USD) |
Women's Jeans  | 6,000 ISK (42.60 USD) | 200 AED (54 USD) |
Men's Formal Shoes  | 7,000 ISK (49.70 USD) | 300 AED (81 USD) |
Women's Formal Shoes  | 7,000 ISK (49.70 USD) | 250 AED (67.50 USD) |
Men's Casual Shoes  | 5,000 ISK (35.50 USD) | 200 AED (54 USD) |
Women's Casual Shoes  | 4,000 ISK (28.40 USD) | 180 AED (48.60 USD) |
Underwear For Men  | 1,000 ISK (7.10 USD) | 40 AED (10.80 USD) |
Underwear For Women  | 1,200 ISK (8.52 USD) | 40 AED (10.80 USD) |
Socks For Men  | 300 ISK (2.13 USD) | 10 AED (2.70 USD) |
Socks For Women  | 400 ISK (2.84 USD) | 10 AED (2.70 USD) |
Wintercoat for Adults  | 8,000 ISK (56.80 USD) | 250 AED (67.50 USD) |
Sportswear  | 6,000 ISK (42.60 USD) | 250 AED (67.50 USD) |
If you lived in Iceland, instead of United Arab Emirates, you would have to pay 1.29 times less for Clothing and Footwear for Adults.
Indicators | Iceland | United Arab Emirates |
|---|---|---|
Children's Jeans  | 3,500 ISK (24.85 USD) | 100 AED (27 USD) |
Children's Normal Sneakers  | 4,000 ISK (28.40 USD) | 150 AED (40.50 USD) |
Children's Winter Coat  | 6,000 ISK (42.60 USD) | 200 AED (54 USD) |
Daycare for Infant  | 25,000 ISK (177.50 USD) | 1,500 AED (405 USD) |
Daycare for Toddler  | 20,000 ISK (142 USD) | 1,200 AED (324 USD) |
Childcare for Sick Days  | 1,500 ISK (10.65 USD) | 150 AED (40.50 USD) |
Early Childhood Education Programs  | 6,000 ISK (42.60 USD) | 750 AED (202.50 USD) |
Extra Curricular Activities  | 3,000 ISK (21.30 USD) | 300 AED (81 USD) |
Summer Camp for Kids  | 8,000 ISK (56.80 USD) | 500 AED (135 USD) |
If you lived in Iceland, instead of United Arab Emirates, you would have to pay 2.40 times less for Childcare and kids clothing.
Indicators | Iceland | United Arab Emirates |
|---|---|---|
PreSchool Fees  | 30,000 ISK (213 USD) | 2,000 AED (540 USD) |
Primary School Fees  | 40,000 ISK (284 USD) | 3,000 AED (810 USD) |
Secondary School Fees  | 60,000 ISK (426 USD) | 4,000 AED (1,080 USD) |
Private School Fees  | 80,000 ISK (568 USD) | 6,000 AED (1,620 USD) |
University Tuition Fees  | 150,000 ISK (1,065 USD) | 12,000 AED (3,240 USD) |
University Private Tuition Fees  | 200,000 ISK (1,420 USD) | 25,000 AED (6,750 USD) |
After School Activities  | 5,000 ISK (35.50 USD) | 300 AED (81 USD) |
Special Education Services  | 7,000 ISK (49.70 USD) | 300 AED (81 USD) |
Tutoring  | 5,000 ISK (35.50 USD) | 200 AED (54 USD) |
Textbooks Cost  | 4,000 ISK (28.40 USD) | 100 AED (27 USD) |
School Supplies  | 2,000 ISK (14.20 USD) | 50 AED (13.50 USD) |
If you lived in Iceland, instead of United Arab Emirates, you would have to pay 3.45 times less for school and education.
Indicators | Iceland | United Arab Emirates |
|---|---|---|
Movie Ticket (Single)  | 1,000 ISK (7.10 USD) | 40 AED (10.80 USD) |
Theater Ticket (Single)  | 2,000 ISK (14.20 USD) | 80 AED (21.60 USD) |
Concert Ticket (Single)  | 2,500 ISK (17.75 USD) | 120 AED (32.40 USD) |
Sports Event Ticket (Single)  | 1,500 ISK (10.65 USD) | 100 AED (27 USD) |
Gym Membership  | 6,000 ISK (42.60 USD) | 500 AED (135 USD) |
Swimming Pool Access  | 5,000 ISK (35.50 USD) | 250 AED (67.50 USD) |
Museum Entry Ticket  | 1,000 ISK (7.10 USD) | 20 AED (5.40 USD) |
Zoo Entry Ticket  | 1,500 ISK (10.65 USD) | 40 AED (10.80 USD) |
Amusement Park Entry Ticket  | 2,000 ISK (14.20 USD) | 60 AED (16.20 USD) |
Bowling  | 1,000 ISK (7.10 USD) | 60 AED (16.20 USD) |
Mini Golf  | 1,500 ISK (10.65 USD) | 80 AED (21.60 USD) |
Video Games  | 5,000 ISK (35.50 USD) | 500 AED (135 USD) |
Streaming Services  | 1,000 ISK (7.10 USD) | 100 AED (27 USD) |
Outdoor Equipment Rental  | 1,000 ISK (7.10 USD) | 150 AED (40.50 USD) |
Theme Park Annual Pass  | 50,000 ISK (355 USD) | 2,000 AED (540 USD) |
If you lived in Iceland, instead of United Arab Emirates, you would have to pay 1.90 times less for entertainment, recreation and fun activities.
Indicators | Iceland | United Arab Emirates |
|---|---|---|
Language Classes  | 5,000 ISK (35.50 USD) | 200 AED (54 USD) |
Parenting Classes  | 5,000 ISK (35.50 USD) | 200 AED (54 USD) |
Art Classes  | 3,000 ISK (21.30 USD) | 150 AED (40.50 USD) |
Fitness Classes  | 6,000 ISK (42.60 USD) | 80 AED (21.60 USD) |
Music Lessons  | 4,000 ISK (28.40 USD) | 200 AED (54 USD) |
Dance Lessons  | 4,000 ISK (28.40 USD) | 150 AED (40.50 USD) |
Reading Materials for Classes  | 1,000 ISK (7.10 USD) | 20 AED (5.40 USD) |
Educational Software  | 3,000 ISK (21.30 USD) | 100 AED (27 USD) |
If you lived in Iceland, instead of United Arab Emirates, you would have to pay 1.35 times less for Private Classes.
Indicators | Iceland | United Arab Emirates |
|---|---|---|
Average Gross Monthly Salary  | 450,000 ISK (3,195 USD) | 10,000 AED (2,700 USD) |
Average Net Monthly Salary  | 350,000 ISK (2,485 USD) | 8,000 AED (2,160 USD) |
Minimum Wages  | 6,666.67 ISK per hour (47.33 USD) | 100 AED per hour (27 USD) |
Average Bonus  | 40,000 ISK (284 USD) | 1,000 AED (270 USD) |
Income Tax Rate  | 0 to 24 % | 0 to 5 % |
Social Security Contributions  | 7 % | Yet to Update |
Pension Contributions  | 8 % | Yet to Update |
Cost of Living Index  | 12 | 80 |
Median Household Income  | 400,000 ISK (2,840 USD) | 7,000 AED (1,890 USD) |
If you lived in Iceland, you would earn 1.26 times more salary as compared to United Arab Emirates.
Indicators | Iceland | United Arab Emirates |
|---|---|---|
Legal Consultation Per Hour Rate  | 10,000 ISK (71 USD) | 500 AED (135 USD) |
Accounting Services Per Hour Rate  | 7,000 ISK (49.70 USD) | 400 AED (108 USD) |
IT Support Services Per Hour Rate  | 5,000 ISK (35.50 USD) | 300 AED (81 USD) |
Technician Services Per Hour Rate  | 4,000 ISK (28.40 USD) | 250 AED (67.50 USD) |
Professional Services cost 2.12 times less in Iceland, as compared to United Arab Emirates.
We hope you enjoyed the detailed guide on the cost of living comparsion between Iceland and United Arab Emirates.
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