Cost of living in Iceland
Summary of cost of living in Iceland
- Family of four estimated monthly costs: 884,103 kr
- Single person estimated monthly costs: 404,026 kr WARNING! These estimates are based on data that may have some inconsistencies at the moment. They already provide a decent estimate but they are not currently bullet-proof.
Change the currency:
| Food | |||
|---|---|---|---|
| Basic lunchtime menu (including a drink) in the business district | 3,296 kr | ||
| Combo meal in fast food restaurant (big mac meal or similar) | 1,495 kr | ||
| 500 gr (1 lb.) of boneless chicken breast | 941 kr | ||
| 1 liter (1 qt.) of whole fat milk | 191 kr | ||
| 12 eggs, large | 831 kr | ||
| 1 kg (2 lb.) of tomatoes | 461 kr | ||
| 500 gr (16 oz.) of local cheese | 904 kr | ||
| 1 kg (2 lb.) of apples | 350 kr | ||
| 1 kg (2 lb.) of potatoes | 277 kr | ||
| 0.5 l (16 oz) domestic beer in the supermarket | 360 kr | ||
| 1 bottle of red table wine, good quality | 6,335 kr | ||
| 2 liters of coca-cola | 304 kr | ||
| Bread for 2 people for 1 day | 484 kr | ||
| Housing | |||
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area | 235,454 kr | ||
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area | 255,127 kr | ||
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | 33,887 kr | ||
| Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area | 168,623 kr | ||
| Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area | 154,550 kr | ||
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio | 21,721 kr | ||
| Internet 8 mbps (1 month) | 11,469 kr | ||
| 40” flat screen tv | 161,780 kr | ||
| Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) | 42,834 kr | ||
| Laundry detergent (3 l. ~ 100 oz.) | 2,253 kr | ||
| Hourly rate for cleaning help | 4,567 kr | ||
| Clothes | |||
| 1 pair of jeans (levis 501 or similar) | 42,000 kr | ||
| 1 summer dress in a high street store (zara, h&m or similar retailers) | 22,000 kr | ||
| 1 pair of sport shoes (nike, adidas, or equivalent brands) | 35,000 kr | ||
| 1 pair of men’s leather business shoes | 44,000 kr | ||
| Transportation | |||
| Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new | 5,289,920 kr | ||
| 1 liter (1/4 gallon) of gas | 258 kr | ||
| Monthly ticket public transport | 13,639 kr | ||
| Personal Care | |||
| Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) | 1,200 kr | ||
| 1 box of antibiotics (12 doses) | 2,500 kr | ||
| Short visit to private doctor (15 minutes) | 7,321 kr | ||
| 1 box of 32 tampons (tampax, ob, ...) | 620 kr | ||
| Deodorant, roll-on (50ml ~ 1.5 oz.) | 1,188 kr | ||
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | 650 kr | ||
| 4 rolls of toilet paper | 800 kr | ||
| Tube of toothpaste | 650 kr | ||
| Standard men's haircut in expat area of the city | 5,602 kr | ||
| Entertainment | |||
| Basic dinner out for two in neighborhood pub | 16,689 kr | ||
| 2 tickets to the movies | 3,582 kr | ||
| 2 tickets to the theater (best available seats) | 20,600 kr | ||
| Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert | 27,766 kr | ||
| 1 cocktail drink in downtown club | 2,796 kr | ||
| Cappuccino in expat area of the city | 722 kr | ||
| 1 beer in neighbourhood pub (500ml or 1pt.) | 1,097 kr | ||
| Ipad wi-fi 128gb | 120,000 kr | ||
| 1 min. of prepaid mobile tariff (no discounts or plans) | 44 kr | ||
| 1 month of gym membership in business district | 15,861 kr | ||
| 1 package of marlboro cigarettes | 1,891 kr | ||
Map of Cost of Living in Iceland
This map shows only the top cities in Iceland. We also have on this page a list of all the cities available in Expatistan:
List of all the cities available in Expatistan
The color of each marker corresponds with the cost of living in the city red markers show more expensive cities green ones show cheaper cities
Moving the mouse on top of a city will show its name and the Cost of Living Index of that city.
What is the Cost of Living Index? To calculate each city's Price Index value, we start by assigning a value of 100 to a
central reference city (that happens to be Prague).
Once the reference point has been established, the Price Index value of every other city in the
database is calculated by comparing their cost of living to the cost of living in Prague.
Therefore, if a city has a Price Index of 134, that means that living there is 34% more expensive than living in Prague.
List of all cities available in Iceland
| Reykjavik |
Recent Comparisons
- Cost of living in Reykjavik is 103% more expensive than in Johannesburg
- Cost of living in Reykjavik is 56% more expensive than in Greenville, South Carolina
- Cost of living in Reykjavik is 146% more expensive than in Bucharest
- Cost of living in Reykjavik is 12% cheaper than in London
- Cost of living in Reykjavik is 49% more expensive than in Regensburg
- Cost of living in Reykjavik is 567% more expensive than in Kirklareli
- Cost of living in Reykjavik is 147% more expensive than in Sofia
- Cost of living in Reykjavik is 32% more expensive than in Atlanta, Georgia
- Cost of living in Reykjavik is 237% more expensive than in Buenos Aires
- Cost of living in Reykjavik is 184% more expensive than in Burgas
- Cost of living in Reykjavik is 154% more expensive than in Pilsen
- Cost of living in Reykjavik is 41% more expensive than in Cleveland, Ohio
- Cost of living in Reykjavik is 24% more expensive than in Santiago
- Cost of living in Reykjavik is 6% more expensive than in Santa Barbara, California
- Cost of living in Reykjavik is 161% more expensive than in Varna
- Cost of living in Reykjavik is 14% more expensive than in Canberra
- Cost of living in Reykjavik is 174% more expensive than in Mexicali
- Cost of living in Reykjavik is 40% more expensive than in Madrid
- Cost of living in Reykjavik is 5% cheaper than in Dublin
- Cost of living in Reykjavik is 311% more expensive than in Edirne