Location Factors

Iceland

The location factor for Iceland is 1.60, based on national living costs.

This means a 14,164,762 kr per year salary would roughly be compareable to €60,000 in Germany.
It would be 8,994,038 kr based on market rates.

You can also start a calculation based on Iceland.

Name Iceland
Chosen Factor 1.60
Market Rates 1.02
Consumer Price Index 1.34
Rent Index* 1.32
Consumer Price Plus Rent Index 1.33
Groceries Index 1.60
Restaurant Price Index* 1.45
Local Purchasing Power Index* 0.63
Buffer Location Bracket* B or A
Currency Iceland Krona (ISK)
Income Tax* 0% to 46%
* Not used for index.
Market rates based on EurostatNational Sources. Living costs based on Numbeo.

Locations in Iceland

City Factor Based On
Reykjavik 1.60 Living Costs
create calculation