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Cost of living in Iceland

Overview of housing, poverty, income and quality-of-life indicators.

Iceland Year: 2025

Country overview

Iceland

Editorial snapshot to navigate quality-of-life, housing and income indicators.

Indicators

5

Ranked

5

Regions

0

Year

2025

Population376.2K
Population year2022

Key indicator

Poverty Rate

7.4

Percent of people

Year: 2022

Rank: 35 / 35

Lower is better

– No change from the previous year

≈ 0.03 million people affected

View indicator

Watchlist

Pressure signals that need close monitoring.

GDP per Capita

128.0

EU27 = 100

Year: 2025

Rank: 6 / 36

Higher is better

– No change from the previous year

Life Expectancy

82.8

Years

Year: 2024

Rank: 12 / 35

Higher is better

▲ Changed by 2 positions

Overcrowded Housing

11.3

Percent of population

Year: 2020

Rank: 20 / 35

Lower is better

– No change from the previous year

≈ 0.04 million people affected

Income Inequality (Gini Index)

24.0

Index

Year: 2020

Rank: 33 / 35

Lower is better

▲ Changed by 1 positions

Poverty Rate

7.4

Percent of people

Year: 2022

Rank: 35 / 35

Lower is better

– No change from the previous year

≈ 0.03 million people affected

Trend

Strengths

Indicators in a relatively favorable position across Europe.

Poverty Rate

7.4

Percent of people

Year: 2022

Rank: 35 / 35

Lower is better

– No change from the previous year

≈ 0.03 million people affected

Trend

Income Inequality (Gini Index)

24.0

Index

Year: 2020

Rank: 33 / 35

Lower is better

▲ Changed by 1 positions

Overcrowded Housing

11.3

Percent of population

Year: 2020

Rank: 20 / 35

Lower is better

– No change from the previous year

≈ 0.04 million people affected

Life Expectancy

82.8

Years

Year: 2024

Rank: 12 / 35

Higher is better

▲ Changed by 2 positions

GDP per Capita

128.0

EU27 = 100

Year: 2025

Rank: 6 / 36

Higher is better

– No change from the previous year

Themes

Editorial grouping to explore indicators by topic block.

Housing & Energy Stress

1 indicators in this topic

Overcrowded Housing

11.3

Percent of population

Year: 2020

Rank: 20 / 35

Lower is better

– No change from the previous year

≈ 0.04 million people affected

Income & Purchasing Power

2 indicators in this topic

GDP per Capita

128.0

EU27 = 100

Year: 2025

Rank: 6 / 36

Higher is better

– No change from the previous year

Income Inequality (Gini Index)

24.0

Index

Year: 2020

Rank: 33 / 35

Lower is better

▲ Changed by 1 positions

Poverty & Financial Vulnerability

1 indicators in this topic

Poverty Rate

7.4

Percent of people

Year: 2022

Rank: 35 / 35

Lower is better

– No change from the previous year

≈ 0.03 million people affected

Quality of Life & Household Conditions

1 indicators in this topic

Life Expectancy

82.8

Years

Year: 2024

Rank: 12 / 35

Higher is better

▲ Changed by 2 positions