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Iceland
What this means for vanlife
Food in Iceland is significantly more expensive — 65% above the world average. One of the pricier food destinations: the same basket costs around $495 per month (vs $300 world average).
↑ Year-over-year change: +3.1% 2026
Index History
Based on World Bank ICP 2021, adjusted with IMF CPI
Compare with Iceland
Iceland
If you spend 100 at home:
More countries in Europe
FAQ
Is food expensive in Iceland?
Yes, food in Iceland is above average. The VanBasket Index is 165 (world average = 100), meaning food costs 65% more than the global average.
How much should I budget for food in Iceland per month?
If the world average monthly food spend is $300, in Iceland you can expect to spend around $495. This is based on the VanBasket Index of 165 (world = 100).
How does Iceland compare to similar countries?
Iceland has a VanBasket Index of 165. Similar or nearby countries: Norway, Canada.
How often is the food price data for Iceland updated?
The index is updated monthly using IMF Consumer Price Index data. The baseline is from World Bank ICP 2021.