Cost of living in Iceland
Summary of cost of living in Iceland
- Family of four estimated monthly costs: 1,209,698 kr
- Single person estimated monthly costs: 491,471 kr WARNING! These estimates are based on only a few data points. At the moment, you should treat them only as a best guess.
Food | |||
---|---|---|---|
Basic lunchtime menu (including a drink) in the business district | 5,459 kr | ||
Combo meal in fast food restaurant (big mac meal or similar) | 2,999 kr | ||
500 gr (1 lb.) of boneless chicken breast | 1,493 kr | ||
1 liter (1 qt.) of whole fat milk | 236 kr | ||
12 eggs, large | 1,045 kr | ||
1 kg (2 lb.) of tomatoes | 666 kr | ||
500 gr (16 oz.) of local cheese | 1,713 kr | ||
1 kg (2 lb.) of apples | 399 kr | ||
1 kg (2 lb.) of potatoes | 468 kr | ||
0.5 l (16 oz) domestic beer in the supermarket | 699 kr | ||
1 bottle of red table wine, good quality | 3,728 kr | ||
2 liters of coca-cola | 396 kr | ||
Bread for 2 people for 1 day | 589 kr | ||
Housing | |||
Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area | 337,107 kr | ||
Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area | 238,569 kr | ||
Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | 222,135 kr | ||
Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area | 246,021 kr | ||
Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area | 155,625 kr | ||
Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio | 62,145 kr | ||
Internet 8 mbps (1 month) | 21,072 kr | ||
40” flat screen tv | 150,515 kr | ||
Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) | 24,394 kr | ||
Laundry detergent (3 l. ~ 100 oz.) | 3,236 kr | ||
Hourly rate for cleaning help | 7,154 kr | ||
Clothes | |||
1 pair of jeans (levis 501 or similar) | 16,280 kr | ||
1 summer dress in a high street store (zara, h&m or similar retailers) | 18,714 kr | ||
1 pair of sport shoes (nike, adidas, or equivalent brands) | 26,530 kr | ||
1 pair of men’s leather business shoes | 35,893 kr | ||
Transportation | |||
Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new | 6,086,940 kr | ||
1 liter (1/4 gallon) of gas | 313 kr | ||
Monthly ticket public transport | 16,297 kr | ||
Personal Care | |||
Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) | 2,500 kr | ||
1 box of antibiotics (12 doses) | 3,085 kr | ||
Short visit to private doctor (15 minutes) | 19,528 kr | ||
1 box of 32 tampons (tampax, ob, ...) | 750 kr | ||
Deodorant, roll-on (50ml ~ 1.5 oz.) | 665 kr | ||
Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | 948 kr | ||
4 rolls of toilet paper | 863 kr | ||
Tube of toothpaste | 577 kr | ||
Standard men's haircut in expat area of the city | 6,596 kr | ||
Entertainment | |||
Basic dinner out for two in neighborhood pub | 12,694 kr | ||
2 tickets to the movies | 5,796 kr | ||
2 tickets to the theater (best available seats) | 17,961 kr | ||
Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert | 18,942 kr | ||
1 cocktail drink in downtown club | 3,082 kr | ||
Cappuccino in expat area of the city | 697 kr | ||
1 beer in neighbourhood pub (500ml or 1pt.) | 1,183 kr | ||
Ipad wi-fi 128gb | 179,000 kr | ||
1 min. of prepaid mobile tariff (no discounts or plans) | - | ||
1 month of gym membership in business district | 38,993 kr | ||
1 package of marlboro cigarettes | 1,775 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 86% more expensive than in Madrid
- Cost of living in Reykjavik is 92% more expensive than in Barcelona, Spain
- Cost of living in Reykjavik is 28% more expensive than in Toronto
- Cost of living in Reykjavik is 86% more expensive than in Hanover
- Cost of living in Reykjavik is 13% cheaper than in London
- Cost of living in Reykjavik is about the same as in Geneva
- Cost of living in Reykjavik is 41% more expensive than in Holguín
- Cost of living in Reykjavik is 92% more expensive than in Tokyo
- Cost of living in Reykjavik is 115% more expensive than in San Antonio, California
- Cost of living in Reykjavik is 191% more expensive than in Bogotá
- Cost of living in Reykjavik is 141% more expensive than in Guatemala City
- Cost of living in Reykjavik is 265% more expensive than in Kuala Lumpur
- Cost of living in Reykjavik is 14% more expensive than in Los Angeles, California
- Cost of living in Reykjavik is 163% more expensive than in Santiago, Chile
- Cost of living in Reykjavik is 152% more expensive than in Belo Horizonte
- Cost of living in Reykjavik is 25% more expensive than in Austin, Texas
- Cost of living in Reykjavik is 46% more expensive than in Tempe, Arizona
- Cost of living in Reykjavik is 76% more expensive than in San Sebastian
- Cost of living in Reykjavik is 213% more expensive than in Banjarmasin
- Cost of living in Reykjavik is 31% more expensive than in Oslo