Cost of living in Iceland
Summary of cost of living in Iceland
- Family of four estimated monthly costs: 778,989 kr
- Single person estimated monthly costs: 411,817 kr
- Iceland is the 2nd most expensive country in Western Europe (2 out of 18)
- Iceland is the 4th most expensive country in the World (4 out of 71)
| Food | |||
|---|---|---|---|
| Basic lunchtime menu (including a drink) in the business district | 2,674 kr | ||
| Combo meal in fast food restaurant (big mac meal or similar) | 1,787 kr | ||
| 500 gr (1 lb.) of boneless chicken breast | 961 kr | ||
| 1 liter (1 qt.) of whole fat milk | 190 kr | ||
| 12 eggs, large | 100 kr | ||
| 1 kg (2 lb.) of tomatoes | 572 kr | ||
| 500 gr (16 oz.) of local cheese | 852 kr | ||
| 1 kg (2 lb.) of apples | 317 kr | ||
| 1 kg (2 lb.) of potatoes | 331 kr | ||
| 0.5 l (16 oz) domestic beer in the supermarket | 459 kr | ||
| 1 bottle of red table wine, good quality | 2,821 kr | ||
| 2 liters of coca-cola | 336 kr | ||
| Bread for 2 people for 1 day | 504 kr | ||
| Housing | |||
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area | 301,800 kr | ||
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area | 267,065 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 | 205,251 kr | ||
| Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area | 170,620 kr | ||
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio | 21,721 kr | ||
| Internet 8 mbps (1 month) | 9,153 kr | ||
| 40” flat screen tv | 121,874 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 | 4,355 kr | ||
| Clothes | |||
| 1 pair of jeans (levis 501 or similar) | 16,512 kr | ||
| 1 summer dress in a high street store (zara, h&m or similar retailers) | 7,331 kr | ||
| 1 pair of sport shoes (nike, adidas, or equivalent brands) | 18,754 kr | ||
| 1 pair of men’s leather business shoes | 25,104 kr | ||
| Transportation | |||
| Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new | 3,899,760 kr | ||
| 1 liter (1/4 gallon) of gas | 231 kr | ||
| Monthly ticket public transport | 12,639 kr | ||
| Personal Care | |||
| Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) | 1,200 kr | ||
| 1 box of antibiotics (12 doses) | 2,068 kr | ||
| Short visit to private doctor (15 minutes) | 7,697 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.) | 677 kr | ||
| 4 rolls of toilet paper | 520 kr | ||
| Tube of toothpaste | 650 kr | ||
| Standard men's haircut in expat area of the city | 5,217 kr | ||
| Entertainment | |||
| Basic dinner out for two in neighborhood pub | 11,778 kr | ||
| 2 tickets to the movies | 3,223 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 | 14,645 kr | ||
| 1 cocktail drink in downtown club | 2,690 kr | ||
| Cappuccino in expat area of the city | 599 kr | ||
| 1 beer in neighbourhood pub (500ml or 1pt.) | 1,191 kr | ||
| Ipad wi-fi 128gb | 120,000 kr | ||
| 1 min. of prepaid mobile tariff (no discounts or plans) | 22 kr | ||
| 1 month of gym membership in business district | 7,357 kr | ||
| 1 package of marlboro cigarettes | 2,057 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.
Are you moving to Iceland? Do you know how much money you will need there to maintain your current standard of living?
Find out what is the real equivalent in Iceland of your current salary and improve your chances of a happy relocation.
Get a salary calculation for:
List of all cities available in Iceland
| Reykjavik |
Recent Comparisons
- Cost of living in Reykjavik is 107% more expensive than in Johannesburg
- Cost of living in Reykjavik is 749% more expensive than in Mersin
- Cost of living in Reykjavik is 45% more expensive than in Indianapolis, Indiana
- Cost of living in Reykjavik is 51% more expensive than in Ra's al Khaymah
- Cost of living in Reykjavik is about the same as in San Jose, California
- Cost of living in Reykjavik is 399% more expensive than in Antalya
- Cost of living in Reykjavik is 40% more expensive than in St. Louis, Missouri
- Cost of living in Reykjavik is 872% more expensive than in Eskişehir Province
- Cost of living in Reykjavik is 30% more expensive than in Providence, Rhode Island
- Cost of living in Reykjavik is about the same as in Washington D.C.
- Cost of living in Reykjavik is 127% more expensive than in Santiago
- Cost of living in Reykjavik is 52% more expensive than in Barcelona
- Cost of living in Reykjavik is 325% more expensive than in İzmir
- Cost of living in Reykjavik is 43% more expensive than in Montreal
- Cost of living in Reykjavik is 25% more expensive than in Frankfurt am Main
- Cost of living in Reykjavik is 57% more expensive than in Sendai
- Cost of living in Reykjavik is 8% more expensive than in Miami, Florida
- Cost of living in Reykjavik is 29% more expensive than in Atlanta, Georgia
- Cost of living in Reykjavik is 338% more expensive than in Istanbul
- Cost of living in Reykjavik is 120% more expensive than in Jaén