Wage Cost

Country comparison

Greece vs Iceland

Compare average wages, historical trends and everyday price levels across two economies. A common wage-year frame and a visible United States = 100 price benchmark keep the view comparable.

All Countries
Greece$32,4122025 · PPP-adjusted annual wage

Overall Price Level: 54.70 · 2024

Data reviewed: August 2026

Iceland$100,6052025 · PPP-adjusted annual wage

Overall Price Level: 112.00 · 2024

Data reviewed: August 2026

Compare average wages, historical trends and everyday price levels across two economies. A common wage-year frame and a visible United States = 100 price benchmark keep the view comparable.

Wage trend comparison

How Wages Have Changed

$108k$87k$66k$45k$25k20152025PPP-adjusted annual wage (USD)

USD PPP, constant 2025 prices · click a legend name to hide it; at least one line remains.

Price Level Comparison

Compare Everyday Price Levels

Compare eight consumer price categories using the United States benchmark of 100.

OverallIceland +57.3
FoodIceland +35.9
ClothingIceland +48.1
HousingIceland +50.3
HealthIceland +61.8
TransportIceland +50.6
RecreationIceland +61.5
RestaurantsIceland +62.7
Greece 54.70Iceland 112.00
Overall
Greece 54.70
Iceland 112.00
Difference Iceland +57.30
Food
Greece 91.10
Iceland 127.00
Difference Iceland +35.90
Clothing
Greece 80.90
Iceland 129.00
Difference Iceland +48.10
Housing
Greece 40.70
Iceland 91.00
Difference Iceland +50.30
Health
Greece 38.10
Iceland 99.90
Difference Iceland +61.80
Transport
Greece 93.40
Iceland 144.00
Difference Iceland +50.60
Recreation
Greece 66.50
Iceland 128.00
Difference Iceland +61.50
Restaurants
Greece 71.30
Iceland 134.00
Difference Iceland +62.70

Key Differences

Understanding Greece and Iceland

Greece records an lower 2025 PPP-adjusted annual wage than Iceland, while both countries have overall price levels that sit on opposite sides of the U.S. benchmark in 2024. The page keeps the arithmetic difference visible but does not turn it into a causal explanation or a living-standard judgement.

Wage Comparison

Iceland shows the higher PPP-adjusted annual wage: $68,193 (210.4%) more than Greece. Over the latest reported year, Greece’s latest wage moved down (-0.28%) while Iceland’s moved up (1.82%). The widest price category gap is Restaurants at 62.7 index points, and the two overall price levels sit on opposite sides of the U.S. benchmark of 100 in 2024. Wages are reported for 2025, while prices cover 2024; the two datasets are labelled separately.

Price Profile

The two overall price indices sit on opposite sides of the U.S. benchmark (54.70 vs 112.00), while the largest reported category difference appears in Restaurants, where Iceland exceeds Greece by 62.7 index points. Each value remains relative to the United States = 100 benchmark.

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Data Notes

Wage data: 2025 common-year PPP-adjusted annual wages. Price data: 2022–2024, United States = 100. Missing values display – without zero fill, interpolation, or automatic year fallback.

Data reviewed: August 2026