Tesla Model Y ISK 6,365,399
1,462 hours of work
January to mid September.
Second of 37. In Switzerland the same car takes 1,033 hours; in Mexico, 8,716.
The Hours Index · Iceland mist.huliwood.com
Three things, in Iceland
Apple has no Icelandic store or site, so no Apple price.
The Economist's Big Mac index has no price for Iceland.
And you?
I take home a year.
That is the average worker's, after tax. Put in yours for a year, bonuses and extra months' pay included, and the card and the list redo the sums. It stays on this page.
The sums
The average full-time worker in Iceland earns ISK 12,433,527 a year before tax and takes home ISK 9,055,929 after income tax and social security contributions (OECD, 2025, a single worker without children). Divided by 2,080 working hours, an hour of work pays ISK 4,354.
A Tesla Model Y: ISK 6,365,399 ÷ ISK 4,354 = 1,462 hours. January to mid September.
The Tesla: Tesla's Icelandic site shows ISK 6,529,990: this price plus the ISK 164,591 delivery and documentation fee. Before the ISK 500,000 electric-car grant it points to. Hours count 52 weeks of 40, whatever people in Iceland actually work. More in what the index leaves out.
Against the other 37
iPhone 18 Pro no price
Apple has no Icelandic store or site, so no Apple price.
Tesla Model Y second of 37
- 1Switzerland CHF 40,990 1,033 hours
- 2Iceland ISK 6,365,399 1,462 hours
- 3Australia (see the note) A$58,900 1,474 hours
- 4United States (see the note) $39,990 1,495 hours
- 32 more
- 37Mexico MX$799,000 8,716 hours
Big Mac no price
The Economist's Big Mac index has no price for Iceland.
Sources
Pay: OECD, Taxing Wages 2026: net take-home pay of a single worker without children on 100% of the average wage, 2025 (the OECD's own estimate, as for most countries).
Prices, checked 29 September 2026: Tesla, the cheapest Model Y on sale.