Iceland

You've probably heard that Iceland is prohibitively costly. And it is accurate in comparison to some countries.

A loaf of bread costs three times more in Iceland than it does in Argentina, so someone visiting from Argentina would be in for a surprise at the store. IsIceland really so pricey for the rest of the world? Let's see how much something costs in the kingdom of fire and ice. To make things easier for our overseas readers, we've converted everything to USD. But keep in mind that the Icelandic currency is the króna!

The cost of living in Iceland is relatively expensive, although this is not due to housing. Renting a property here is less than half the price of renting in New York. Food is expensive – you'll have to spend a fortune on groceries. With no access to the rest of Europe and limited productive land, Iceland is compelled to import much of its food, raising prices. The government also has stringent laws for importing foreign items, which adds to the price.

Cost of Living Index: 94.86
Rent Index: 41.93