Purchasing Power Parity · Iceland
Cost of living in 🇮🇸 Iceland vs the United States
Iceland has a US-relative price level of 1.162 (US = 1.0) — about 16% more expensive than the United States. Reference year 2025.
What US salaries are worth in Iceland
| US income | Feels like (US-equivalent) | Cost of a US lifestyle |
|---|---|---|
| $50,000 | $43,029 | $58,100 |
| $80,000 | $68,847 | $92,960 |
| $120,000 | $103,270 | $139,440 |
| $180,000 | $154,905 | $209,160 |
| $250,000 | $215,146 | $290,500 |
“Feels like” = income ÷ price level; “cost of a US lifestyle” = income × price level. Try your own number in the interactive calculator.
How the sources compare
Each provider measures Iceland's price level slightly differently; a tight spread means high confidence.
Consensus (median) 1.162 2025
World Bank — GDP 1.178 2025
IMF (WEO) 1.228 2025
Penn World Table 1.162 2023
World Bank — Consumption 1.297 2025
Eurostat (GDP) 1.057 2024
CIA Factbook (coverage) 1.108 2024
Cost of living around the world
Every country shaded by its price level relative to the US (darker = more expensive). Iceland is outlined.
Cheaper → pricier · click a country to open its page
Countries with a similar cost of living
- 🇳🇷 Nauru — price level 1.125
- 🇨🇭 Switzerland — price level 1.113
- 🇧🇧 Barbados — price level 1.095
- 🇮🇱 Israel — price level 1.088
- 🇫🇲 Micronesia — price level 1.024
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Frequently asked questions
- How expensive is Iceland compared to the United States?
- Iceland has a price level of 1.162 relative to the US baseline of 1.0 (about 16% more expensive than the United States), based on the median of independent votes from the World Bank/IMF (one vote — both use the official exchange rate), the Eurostat-OECD PPP programme and the Penn World Table, reference year 2025.
- What is a $100,000 salary worth in Iceland?
- In purchasing-power terms, $100,000 stretches to about $86,059 of US-equivalent lifestyle in Iceland; conversely, sustaining a $100,000 US lifestyle there costs about $116,200.
- Where does the Iceland cost-of-living data come from?
- Real price-level figures from the World Bank, IMF World Economic Outlook, OECD, Eurostat and Penn World Table, blended as a per-country median of independent votes and refreshed at build time.