Published: Monday, 21th October 2024
The cost of living in United Arab Emirates is 1.11 times less expensive as compared to Iceland.
On this page, you will find side-by-side cost comparison between United Arab Emirates and Iceland. 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 United Arab Emirates and Iceland.
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 Indicators  | United Arab Emirates  | Iceland  |
|---|---|---|
1 BHK Apartment in City Center  | 4,000 AED (1,080 USD) | 200,000 ISK (1,420 USD) |
2 BHK Apartment in City Center  | 6,500 AED (1,755 USD) | 300,000 ISK (2,130 USD) |
3 BHK Apartment in City Center  | 9,000 AED (2,430 USD) | 400,000 ISK (2,840 USD) |
1 BHK Apartment outside City Center  | 2,500 AED (675 USD) | 150,000 ISK (1,065 USD) |
2 BHK Apartment outside City Center  | 4,000 AED (1,080 USD) | 200,000 ISK (1,420 USD) |
3 BHK Apartment outside City Center  | 6,000 AED (1,620 USD) | 300,000 ISK (2,130 USD) |
Mortgage Rates Per Month  | 5 % | 4 % |
Realtor Commission  | 2 % | 2 % |
Property Taxes  | Yet to Update | 0.2 to 1.65 % |
The average housing cost in United Arab Emirates is 1.27 times less expensive than Iceland.
Indicators | United Arab Emirates | Iceland |
|---|---|---|
Basic Home Furnishing  | 10,000 AED (2,700 USD) | 300,000 ISK (2,130 USD) |
Electricity Cost Per Month  | 500 AED (135 USD) | 20,000 ISK (142 USD) |
Heating Cost Per Month  | 200 AED (54 USD) | 25,000 ISK (177.50 USD) |
Cooling Cost Per Month  | 800 AED (216 USD) | 10,000 ISK (71 USD) |
Water Supply Cost Per Month  | 300 AED (81 USD) | 5,000 ISK (35.50 USD) |
If you lived in United Arab Emirates, instead of Iceland, you would have to pay 24.65% more for Utilities.
The basic home furnishing in United Arab Emirates costs 1.27 times more compared to Iceland.
Indicators | United Arab Emirates | Iceland |
|---|---|---|
Standard Wifi Cost Per Month  | 350 AED (94.50 USD) | 10,000 ISK (71 USD) |
Mobile Phone Basic Plan Cost Per Month  | 100 AED (27 USD) | 5,000 ISK (35.50 USD) |
Landline Basic Plan Cost Per Month  | 100 AED (27 USD) | 3,000 ISK (21.30 USD) |
Cable TV Basic Plan Cost Per Month  | 150 AED (40.50 USD) | 8,000 ISK (56.80 USD) |
The internet and communication costs 2.38% more in United Arab Emirates compared to Iceland.
Indicators | United Arab Emirates | Iceland |
|---|---|---|
Long Grain Rice (1 KG)  | 10 AED (2.70 USD) | 500 ISK (3.55 USD) |
Milk (1 Liter)  | 7 AED (1.89 USD) | 250 ISK (1.78 USD) |
Water (1 Liter)  | 2 AED (0.54 USD) | 50 ISK (0.36 USD) |
Bread (500 gm)  | 5 AED (1.35 USD) | 150 ISK (1.07 USD) |
Eggs (1 Dozen)  | 15 AED (4.05 USD) | 500 ISK (3.55 USD) |
Cheese (1 KG)  | 35 AED (9.45 USD) | 1,200 ISK (8.52 USD) |
Chicken Breast (1 KG)  | 25 AED (6.75 USD) | 1,000 ISK (7.10 USD) |
In United Arab Emirates, the cost of 1 Liter Water and 1 Liter Milk is 1.14 times more expensive than the cost in Iceland.
If you lived in United Arab Emirates, instead of Iceland, you would have to pay 3.14% more for Groceries.
Indicators | United Arab Emirates | Iceland |
|---|---|---|
Apples (1 KG)  | 10 AED (2.70 USD) | 800 ISK (5.68 USD) |
Bananas (1 KG)  | 6 AED (1.62 USD) | 600 ISK (4.26 USD) |
Oranges (1 KG)  | 8 AED (2.16 USD) | 700 ISK (4.97 USD) |
Tomatoes (1 KG)  | 7 AED (1.89 USD) | 500 ISK (3.55 USD) |
Potatoes (1 KG)  | 5 AED (1.35 USD) | 400 ISK (2.84 USD) |
Lemons (1 KG)  | 12 AED (3.24 USD) | 700 ISK (4.97 USD) |
Onions (1 KG)  | 7 AED (1.89 USD) | 600 ISK (4.26 USD) |
Lentils (1 KG)  | 8 AED (2.16 USD) | 600 ISK (4.26 USD) |
If you lived in United Arab Emirates, instead of Iceland, you would have to pay 2.05 times less for Fruits and Vegetables.
Indicators | United Arab Emirates | Iceland |
|---|---|---|
Meal at a Resonable Restaurant  | 30 AED (8.10 USD) | 3,500 ISK (24.85 USD) |
Three-Course Meal for Two  | 120 AED (32.40 USD) | 8,000 ISK (56.80 USD) |
Fast Food Combo Meal  | 20 AED (5.40 USD) | 1,500 ISK (10.65 USD) |
Normal Coffee  | 15 AED (4.05 USD) | 500 ISK (3.55 USD) |
Soft Drink  | 6 AED (1.62 USD) | 300 ISK (2.13 USD) |
Pizza for One  | 60 AED (16.20 USD) | 2,500 ISK (17.75 USD) |
Take-Out Delivery Meal  | 30 AED (8.10 USD) | 3,000 ISK (21.30 USD) |
Cigarette Pack of 20  | 30 AED (8.10 USD) | 1,500 ISK (10.65 USD) |
Dining-Out costs 43.14% less in United Arab Emirates compared to Iceland.
Indicators | United Arab Emirates | Iceland |
|---|---|---|
Wine Mid-Range Bottle  | 90 AED (24.30 USD) | 2,000 ISK (14.20 USD) |
Glass of Wine  | 40 AED (10.80 USD) | 1,200 ISK (8.52 USD) |
Domestic Beer Half Liter  | 25 AED (6.75 USD) | 600 ISK (4.26 USD) |
Imported Beer Half Liter  | 35 AED (9.45 USD) | 800 ISK (5.68 USD) |
Domestic Alcohol 1 Liter  | 80 AED (21.60 USD) | 3,000 ISK (21.30 USD) |
Branded Alcohol 1 Liter  | 120 AED (32.40 USD) | 4,000 ISK (28.40 USD) |
If you lived in United Arab Emirates, instead of Iceland, you would have to pay 1.28 times more for usual hard drinks.
Indicators | United Arab Emirates | Iceland |
|---|---|---|
Monthly Public Transportation Pass  | 300 AED (81 USD) | 15,000 ISK (106.50 USD) |
Single Public Transportation Ticket  | 5 AED (1.35 USD) | 400 ISK (2.84 USD) |
Single Train Ticket  | Yet to Update () | Yet to Update () |
Domestic Airplane Ticket  | 500 AED (135 USD) | 30,000 ISK (213 USD) |
Taxi Start Fare  | 12 AED (3.24 USD) | 800 ISK (5.68 USD) |
Taxi Rate Per Kilometer  | 1.50 AED (0.41 USD) | 200 ISK (1.42 USD) |
Car Rental Per Day  | 100 AED (27 USD) | 10,000 ISK (71 USD) |
Parking Fees in City Center Per Hour  | 20 AED (5.40 USD) | 500 ISK (3.55 USD) |
Parking Fees outside City Center Per Hour  | 10 AED (2.70 USD) | 300 ISK (2.13 USD) |
If you lived in United Arab Emirates, instead of Iceland, you would have to pay 1.59 times less for transportation.
Indicators | United Arab Emirates | Iceland |
|---|---|---|
Reasonable Vehicle Purchase Cost  | 50,000 AED (13,500 USD) | 4,000,000 ISK (28,400 USD) |
Vehicle Registration Cost  | 1,000 AED (270 USD) | 15,000 ISK (106.50 USD) |
Driving License Fees  | 200 AED (54 USD) | 5,000 ISK (35.50 USD) |
Car Insurance Cost  | 2,000 AED (540 USD) | 40,000 ISK (284 USD) |
Car Maintenance Cost  | 500 AED (135 USD) | 15,000 ISK (106.50 USD) |
Car Loan Interest Rates  | 6 % | 5 % |
Fuel Per Liter  | 2.50 AED (0.68 USD) | 250 ISK (1.78 USD) |
Fuel Per Gallon  | 10 AED (2.70 USD) | 1,200 ISK (8.52 USD) |
Average Toll Fees  | Yet to Update | 1,000 ISK 7.10 USD |
You would have to pay 2.00 times less for Vehicle purchase, daily operation and maintenance in United Arab Emirates compared to that of Iceland.
Indicators | United Arab Emirates | Iceland |
|---|---|---|
Doctor Visit  | 300 AED (81 USD) | 5,000 ISK (35.50 USD) |
Specialist Visit  | 500 AED (135 USD) | 10,000 ISK (71 USD) |
Dentist Visit  | 400 AED (108 USD) | 8,000 ISK (56.80 USD) |
Eye Exam  | 150 AED (40.50 USD) | 3,000 ISK (21.30 USD) |
Mental Health Counseling  | 400 AED (108 USD) | 8,000 ISK (56.80 USD) |
Preventive Health Screening  | 100 AED (27 USD) | 4,000 ISK (28.40 USD) |
Physical Therapy  | 300 AED (81 USD) | 6,000 ISK (42.60 USD) |
Emergency Room Visit  | 500 AED (135 USD) | 15,000 ISK (106.50 USD) |
Hospital Stay Per Night  | 1,000 AED (270 USD) | 25,000 ISK (177.50 USD) |
Vaccinations  | 50 AED (13.50 USD) | 2,500 ISK (17.75 USD) |
Prescription Medication  | 50 AED (13.50 USD) | 1,500 ISK (10.65 USD) |
Over the Counter Medication  | 30 AED (8.10 USD) | 800 ISK (5.68 USD) |
Health Insurance Premiums  | 1,000 AED (270 USD) | 20,000 ISK (142 USD) |
Health Insurance Deductibles  | 2,000 AED (540 USD) | 5,000 ISK (35.50 USD) |
If you lived in United Arab Emirates, instead of Iceland, you would have to pay 2.27 times more for Health and Medical Treatment.
Indicators | United Arab Emirates | Iceland |
|---|---|---|
Cosmetic Procedures  | 500 AED (135 USD) | 30,000 ISK (213 USD) |
Spa Treatment  | 200 AED (54 USD) | 10,000 ISK (71 USD) |
Manicure Pedicure Cost  | 80 AED (21.60 USD) | 3,000 ISK (21.30 USD) |
Optical Glasses Cost  | 150 AED (40.50 USD) | 10,000 ISK (71 USD) |
Contact Lenses Cost  | 100 AED (27 USD) | 5,000 ISK (35.50 USD) |
Haircuts  | 50 AED (13.50 USD) | 2,000 ISK (14.20 USD) |
Hair Coloring  | 100 AED (27 USD) | 6,000 ISK (42.60 USD) |
Shampoo Price  | 20 AED (5.40 USD) | 500 ISK (3.55 USD) |
Toothpaste Price  | 10 AED (2.70 USD) | 200 ISK (1.42 USD) |
If you lived in United Arab Emirates, instead of Iceland, you would have to pay 1.45 times less for Personal Care Items and Treatment.
Indicators | United Arab Emirates | Iceland |
|---|---|---|
Pair of Nike Running Shoes  | 350 AED (94.50 USD) | 15,000 ISK (106.50 USD) |
Men's Shirt  | 100 AED (27 USD) | 5,000 ISK (35.50 USD) |
Women's Dress  | 250 AED (67.50 USD) | 10,000 ISK (71 USD) |
Summer Dress  | 150 AED (40.50 USD) | 5,000 ISK (35.50 USD) |
Men's Suit  | 1,500 AED (405 USD) | 40,000 ISK (284 USD) |
Men's Jeans  | 250 AED (67.50 USD) | 7,000 ISK (49.70 USD) |
Women's Jeans  | 200 AED (54 USD) | 6,000 ISK (42.60 USD) |
Men's Formal Shoes  | 300 AED (81 USD) | 7,000 ISK (49.70 USD) |
Women's Formal Shoes  | 250 AED (67.50 USD) | 7,000 ISK (49.70 USD) |
Men's Casual Shoes  | 200 AED (54 USD) | 5,000 ISK (35.50 USD) |
Women's Casual Shoes  | 180 AED (48.60 USD) | 4,000 ISK (28.40 USD) |
Underwear For Men  | 40 AED (10.80 USD) | 1,000 ISK (7.10 USD) |
Underwear For Women  | 40 AED (10.80 USD) | 1,200 ISK (8.52 USD) |
Socks For Men  | 10 AED (2.70 USD) | 300 ISK (2.13 USD) |
Socks For Women  | 10 AED (2.70 USD) | 400 ISK (2.84 USD) |
Wintercoat for Adults  | 250 AED (67.50 USD) | 8,000 ISK (56.80 USD) |
Sportswear  | 250 AED (67.50 USD) | 6,000 ISK (42.60 USD) |
If you lived in United Arab Emirates, instead of Iceland, you would have to pay 1.29 times more for Clothing and Footwear for Adults.
Indicators | United Arab Emirates | Iceland |
|---|---|---|
Children's Jeans  | 100 AED (27 USD) | 3,500 ISK (24.85 USD) |
Children's Normal Sneakers  | 150 AED (40.50 USD) | 4,000 ISK (28.40 USD) |
Children's Winter Coat  | 200 AED (54 USD) | 6,000 ISK (42.60 USD) |
Daycare for Infant  | 1,500 AED (405 USD) | 25,000 ISK (177.50 USD) |
Daycare for Toddler  | 1,200 AED (324 USD) | 20,000 ISK (142 USD) |
Childcare for Sick Days  | 150 AED (40.50 USD) | 1,500 ISK (10.65 USD) |
Early Childhood Education Programs  | 750 AED (202.50 USD) | 6,000 ISK (42.60 USD) |
Extra Curricular Activities  | 300 AED (81 USD) | 3,000 ISK (21.30 USD) |
Summer Camp for Kids  | 500 AED (135 USD) | 8,000 ISK (56.80 USD) |
If you lived in United Arab Emirates, instead of Iceland, you would have to pay 2.40 times more for Childcare and kids clothing.
Indicators | United Arab Emirates | Iceland |
|---|---|---|
PreSchool Fees  | 2,000 AED (540 USD) | 30,000 ISK (213 USD) |
Primary School Fees  | 3,000 AED (810 USD) | 40,000 ISK (284 USD) |
Secondary School Fees  | 4,000 AED (1,080 USD) | 60,000 ISK (426 USD) |
Private School Fees  | 6,000 AED (1,620 USD) | 80,000 ISK (568 USD) |
University Tuition Fees  | 12,000 AED (3,240 USD) | 150,000 ISK (1,065 USD) |
University Private Tuition Fees  | 25,000 AED (6,750 USD) | 200,000 ISK (1,420 USD) |
After School Activities  | 300 AED (81 USD) | 5,000 ISK (35.50 USD) |
Special Education Services  | 300 AED (81 USD) | 7,000 ISK (49.70 USD) |
Tutoring  | 200 AED (54 USD) | 5,000 ISK (35.50 USD) |
Textbooks Cost  | 100 AED (27 USD) | 4,000 ISK (28.40 USD) |
School Supplies  | 50 AED (13.50 USD) | 2,000 ISK (14.20 USD) |
If you lived in United Arab Emirates, instead of Iceland, you would have to pay 3.45 times more for school and education.
Indicators | United Arab Emirates | Iceland |
|---|---|---|
Movie Ticket (Single)  | 40 AED (10.80 USD) | 1,000 ISK (7.10 USD) |
Theater Ticket (Single)  | 80 AED (21.60 USD) | 2,000 ISK (14.20 USD) |
Concert Ticket (Single)  | 120 AED (32.40 USD) | 2,500 ISK (17.75 USD) |
Sports Event Ticket (Single)  | 100 AED (27 USD) | 1,500 ISK (10.65 USD) |
Gym Membership  | 500 AED (135 USD) | 6,000 ISK (42.60 USD) |
Swimming Pool Access  | 250 AED (67.50 USD) | 5,000 ISK (35.50 USD) |
Museum Entry Ticket  | 20 AED (5.40 USD) | 1,000 ISK (7.10 USD) |
Zoo Entry Ticket  | 40 AED (10.80 USD) | 1,500 ISK (10.65 USD) |
Amusement Park Entry Ticket  | 60 AED (16.20 USD) | 2,000 ISK (14.20 USD) |
Bowling  | 60 AED (16.20 USD) | 1,000 ISK (7.10 USD) |
Mini Golf  | 80 AED (21.60 USD) | 1,500 ISK (10.65 USD) |
Video Games  | 500 AED (135 USD) | 5,000 ISK (35.50 USD) |
Streaming Services  | 100 AED (27 USD) | 1,000 ISK (7.10 USD) |
Outdoor Equipment Rental  | 150 AED (40.50 USD) | 1,000 ISK (7.10 USD) |
Theme Park Annual Pass  | 2,000 AED (540 USD) | 50,000 ISK (355 USD) |
If you lived in United Arab Emirates, instead of Iceland, you would have to pay 1.90 times more for entertainment, recreation and fun activities.
Indicators | United Arab Emirates | Iceland |
|---|---|---|
Language Classes  | 200 AED (54 USD) | 5,000 ISK (35.50 USD) |
Parenting Classes  | 200 AED (54 USD) | 5,000 ISK (35.50 USD) |
Art Classes  | 150 AED (40.50 USD) | 3,000 ISK (21.30 USD) |
Fitness Classes  | 80 AED (21.60 USD) | 6,000 ISK (42.60 USD) |
Music Lessons  | 200 AED (54 USD) | 4,000 ISK (28.40 USD) |
Dance Lessons  | 150 AED (40.50 USD) | 4,000 ISK (28.40 USD) |
Reading Materials for Classes  | 20 AED (5.40 USD) | 1,000 ISK (7.10 USD) |
Educational Software  | 100 AED (27 USD) | 3,000 ISK (21.30 USD) |
If you lived in United Arab Emirates, instead of Iceland, you would have to pay 1.35 times more for Private Classes.
Indicators | United Arab Emirates | Iceland |
|---|---|---|
Average Gross Monthly Salary  | 10,000 AED (2,700 USD) | 450,000 ISK (3,195 USD) |
Average Net Monthly Salary  | 8,000 AED (2,160 USD) | 350,000 ISK (2,485 USD) |
Minimum Wages  | 100 AED per hour (27 USD) | 6,666.67 ISK per hour (47.33 USD) |
Average Bonus  | 1,000 AED (270 USD) | 40,000 ISK (284 USD) |
Income Tax Rate  | 0 to 5 % | 0 to 24 % |
Social Security Contributions  | Yet to Update | 7 % |
Pension Contributions  | Yet to Update | 8 % |
Cost of Living Index  | 80 | 12 |
Median Household Income  | 7,000 AED (1,890 USD) | 400,000 ISK (2,840 USD) |
If you lived in United Arab Emirates, you would earn 1.26 times less salary as compared to Iceland.
Indicators | United Arab Emirates | Iceland |
|---|---|---|
Legal Consultation Per Hour Rate  | 500 AED (135 USD) | 10,000 ISK (71 USD) |
Accounting Services Per Hour Rate  | 400 AED (108 USD) | 7,000 ISK (49.70 USD) |
IT Support Services Per Hour Rate  | 300 AED (81 USD) | 5,000 ISK (35.50 USD) |
Technician Services Per Hour Rate  | 250 AED (67.50 USD) | 4,000 ISK (28.40 USD) |
Professional Services cost 2.12 times more in United Arab Emirates, as compared to Iceland.
We hope you enjoyed the detailed guide on the cost of living comparsion between United Arab Emirates and Iceland.
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