---
title: "Cost of Living in Iceland vs the US — Geo-Parity"
description: "Iceland is about 16% more expensive than the United States (price level 1.162, US = 1.0). See what US salaries are really worth in Iceland, across World Bank, IMF, OECD, Eurostat and Penn World Table data."
canonical: "https://geo-parity.com/ppp/iceland/"
json: "https://geo-parity.com/api/calculate.json?income=100000&target=IS"
generator: geo-parity markdown twin
---
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](https://geo-parity.com/?target=IS).

## 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

## Countries with a similar cost of living

- [🇳🇷 Nauru](https://geo-parity.com/ppp/nauru/) — price level 1.125
- [🇨🇭 Switzerland](https://geo-parity.com/ppp/switzerland/) — price level 1.113
- [🇧🇧 Barbados](https://geo-parity.com/ppp/barbados/) — price level 1.095
- [🇮🇱 Israel](https://geo-parity.com/ppp/israel/) — price level 1.088
- [🇫🇲 Micronesia](https://geo-parity.com/ppp/micronesia/) — price level 1.024

Relocating for work? use the [Fair Pay Localizer](https://geo-parity.com/?tab=salary).

- [How much you need to retire in Iceland](https://geo-parity.com/fire/iceland/)

## 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.

Figures are informational estimates from public datasets — not investment or relocation advice. Agents: GET /api/calculate.json?income=100000&target=IS.

---

Source: Geo-Parity — https://geo-parity.com/ppp/iceland/ · JSON: https://geo-parity.com/api/calculate.json?income=100000&target=IS