Greenland vs Iceland: Which is More Affordable for Living?

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Have you ever wondered if it is cheaper to live in Greenland or Iceland? This is a question that many people ask themselves when thinking about a possible relocation or simply traveling to these remote Northern areas.


Greenland and Iceland are both located in the North Atlantic, but they are two very different places. While Greenland is the world’s largest island and a semi-autonomous territory of Denmark, Iceland is a Nordic country with a very unique culture and landscape.

But, back to the question: Is it cheaper to live in Greenland or Iceland? Well, the answer is not that simple. There are many factors to consider, such as housing, transportation, food, and overall cost of living.


When it comes to housing, both Greenland and Iceland have limited options. In Greenland, most people live in small towns or settlements, with very few options for bigger cities. On the other hand, Iceland has a larger urban area, with Reykjavik being the capital and biggest city.

However, housing prices in both countries are high. In Greenland, you can expect to pay around $1,500 per month for a small apartment, while in Iceland, the prices vary depending on the location, but can be over $2,000 per month for a one-bedroom apartment in Reykjavik.


Transportation is also an important factor to consider. In Greenland, transportation options are limited, with most people relying on boats and helicopters to travel between towns and settlements. This can make transportation quite expensive, especially if you need to travel frequently.

In Iceland, transportation options are more varied. You can rent a car or take public transportation to get around the country, but it can still be expensive. Gas prices in Iceland are also high, with prices averaging around $7 per gallon.


Greenland and Iceland both have very unique cuisines, but food prices are generally high in both countries. In Greenland, most food is imported, which makes it more expensive than in other places. However, you can still find some local foods that are more affordable.

In Iceland, food prices can vary depending on where you eat. Eating out can be quite expensive, but you can save money by grocery shopping and cooking your own meals. Keep in mind that alcohol prices in Iceland are also very high.

Overall Cost of Living

When it comes to the overall cost of living, both Greenland and Iceland are expensive places to live. In fact, they are both among the most expensive countries in the world.

However, salaries are generally higher in Iceland than in Greenland. In Greenland, most people work in the fishing or hunting industry, and salaries can be quite low. In Iceland, on the other hand, there are more job opportunities and salaries tend to be higher.


As you can see, the answer to the question “Is it cheaper to live in Greenland or Iceland?” is not that simple. Both countries have their advantages and disadvantages when it comes to cost of living. However, if you are looking for a more affordable option, Iceland might be a better choice due to its larger urban area and more varied job opportunities.

But, at the end of the day, it’s important to consider your own personal preferences and priorities when it comes to choosing a place to live or travel to. Both Greenland and Iceland have stunning landscapes, unique cultures, and friendly people, making them an experience of a lifetime.

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