Pricele

Prices in Iceland 🇮🇸

In Iceland, mobile data costs $1.08, gasoline costs $2.27 and beer costs $2.52. That is 9 of the 16 everyday items in the game, priced in US dollars, in ISK, and as roughly how long someone on the average local wage works to buy one.

Iceland has the highest hourly earnings in the game and the price level to match, because almost everything on a shop shelf has to be shipped to a small island in the North Atlantic. There is no Big Mac row because there is no McDonald's: the chain closed its Icelandic restaurants in 2009, after the krona collapse made importing its ingredients uneconomic. VAT is 24% with food at 11%, and alcohol is sold only through Vínbúðin, the state monopoly, under heavy excise. Electricity is the exception: it comes almost entirely from hydro and geothermal, so household power costs less than in most of Europe despite the wages.

What things cost

ItemUSDWork time
Big Macno data
Coca-Cola (330ml can)no data
Cappuccinono data
Milk (1 litre)no data
Eggs (dozen)no data
Apples (1 kg)no data
Gasoline (1 litre)$2.27275.53 ISK4 min
Diesel (1 litre)$2.68324.77 ISK5 min
Electricity (100 kWh)$20.802,522.3 ISK40 min
Natural gas (100 kWh)no data
Cigarettes (20-pack)$12.711,759 ISK24 min
Beer (330ml)$2.52349 ISK5 min
Spirits (750ml bottle)$53.017,339.29 ISK1.7 h
Vape e-liquid (1 ml)$2.85395 ISK5 min
Mobile data (1 GB)$1.082 min
A day's healthy diet$4.49576.42 ISK9 min

Most local-currency figures are printed as the source published them. The cappuccino, milk, egg, apple and petrol rows are converted from US dollars at recent exchange rates; the healthy-diet row is converted the other way. A dash means the source publishes dollars and nothing else. Work time divides the dollar price by an estimated average hourly wage, the roughest number on this page. See methodology.

How Iceland compares

Relative to the rest of the game, Iceland is most expensive for beer, where it ranks 2nd out of 52 countries at $2.52, against a global median of $1.12.

It is relatively cheapest for electricity (100 kWh) at $20.80, which is 29th of 60, only 31 countries in the game are cheaper.

Measured against local earnings rather than dollars, the item that takes the longest to afford here is spirits, at roughly 1.7 hours of the average wage. Dollar prices and work-time prices often rank countries very differently, and that gap is usually the more interesting number.

What the state takes

Standard rate in Iceland: 24% VSK. Ordinary groceries: 11% on food. Where these come from.

Play a puzzle

Iceland comes up in the daily puzzle roughly once every 61 days, paired with a different item each time. Play today's puzzle or browse the archive of past rounds.

Other countries

Why a country's prices look the way they do

Iceland prices: common questions

How much do everyday things cost in Iceland?
Pricele publishes 9 everyday prices for Iceland, each from a named source. Mobile data $1.08, Gasoline $2.27, Beer $2.52. All figures are converted to US dollars so countries can be compared directly; the local-currency figure is shown alongside wherever the source published one.
What currency is used in Iceland?
Iceland uses the ISK. Pricele lists every price in US dollars for comparability, and shows the published local-currency figure next to it where the source gives one rather than back-converting from the dollar price.
What is the cheapest thing on Pricele's Iceland list?
Of the 9 items priced for Iceland, the cheapest is Mobile data at $1.08 and the most expensive is Spirits at $53.01. That is a comparison within one country's list, not a claim about value for money.
Where do Pricele's Iceland prices come from?
Every row names its source and the date it was collected. They come from GlobalPetrolPrices.com, 19-Oct-2026, GlobalPetrolPrices.com, March 2026, WHO Global Health Observatory, tobacco tax survey 2024 (most sold brand), WHO Global Health Observatory, alcohol tax survey 2024 (most sold brand), WHO Global Health Observatory, tobacco tax survey 2024 (cheapest disposable device), Cable.co.uk worldwide mobile data pricing, 2023 and World Bank Food Prices for Nutrition, 2025 (converted at the World Bank official exchange rate). A pair only exists where there is a real sourced number: the table is deliberately sparse rather than padded with estimates, so a missing item usually means the item is not sold that way in Iceland.