Cost of living in Iceland
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:
| Food | ||
|---|---|---|
| Basic lunchtime menu (including a drink) in the business district | 2,479 kr | |
| Combo meal in fast food restaurant (Big Mac Meal or similar) | 1,715 kr | |
| 500 gr (1 lb.) of boneless chicken breast | 1,138 kr | |
| 1 liter (1 qt.) of whole fat milk | 161 kr | |
| 12 eggs, large | 797 kr | |
| 1 kg (2 lb.) of tomatoes | 625 kr | |
| 500 gr (16 oz.) of local cheese | 1,147 kr | |
| 1 kg (2 lb.) of apples | 479 kr | |
| 1 kg (2 lb.) of potatoes | 371 kr | |
| 0.5 l (16 oz) domestic beer in the supermarket | 393 kr | |
| 1 bottle of red table wine, good quality | 2,909 kr | |
| 2 liters of Coca-Cola | 291 kr | |
| Bread for 2 people for 1 day | 331 kr | |
| Housing | ||
| Monthly rent for 85 m2 (900 Sqft) furnished accommodation in EXPENSIVE area | 267,003 kr | |
| Monthly rent for 85 m2 (900 Sqft) furnished accommodation in NORMAL area | 241,367 kr | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | 12,235 kr | |
| Monthly rent for a 45 m2 (480 Sqft) furnished studio in EXPENSIVE area | 210,487 kr | |
| Monthly rent for a 45 m2 (480 Sqft) furnished studio in NORMAL area | 162,053 kr | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 Sqft) studio | 22,017 kr | |
| Internet 8 Mbps (1 month) | 6,670 kr | |
| 40” flat screen TV | 85,746 kr | |
| Microwave 800/900 Watt (Bosch, Panasonic, LG, Sharp, or equivalent brands) | 20,510 kr | |
| Laundry detergent (3 l. ~ 100 oz.) | 1,804 kr | |
| Hourly rate for cleaning help | 3,491 kr | |
| Clothes | ||
| 1 pair of jeans (Levis 501 or similar) | 15,967 kr | |
| 1 summer dress in a High Street Store (Zara, H&M or similar retailers) | 9,525 kr | |
| 1 pair of sport shoes (Nike, Adidas, or equivalent brands) | 19,996 kr | |
| 1 pair of men’s leather business shoes | 28,733 kr | |
| Transportation | ||
| Volkswagen Golf 1.4 TSI 150 CV (or equivalent), with no extras, new | 3,430,000 kr | |
| 1 liter (1/4 gallon) of gas | 213 kr | |
| Monthly ticket public transport | 11,490 kr | |
| Personal Care | ||
| Cold medicine for 6 days (Tylenol, Frenadol, Coldrex, or equivalent brands) | 1,711 kr | |
| 1 box of antibiotics (12 doses) | 1,601 kr | |
| Short visit to private Doctor (15 minutes) | 4,541 kr | |
| 1 box of 32 tampons (Tampax, OB, ...) | 498 kr | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | 622 kr | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | 967 kr | |
| 4 rolls of toilet paper | 571 kr | |
| Tube of toothpaste | 350 kr | |
| Standard men's haircut in expat area of the city | 5,582 kr | |
| Entertainment | ||
| Basic dinner out for two in neighborhood pub | 6,469 kr | |
| 2 tickets to the movies | 3,107 kr | |
| 2 tickets to the theater (best available seats) | 11,063 kr | |
| Dinner for two at an Italian restaurant in the expat area including appetisers, main course, wine and dessert | 9,252 kr | |
| 1 cocktail drink in downtown club | 2,485 kr | |
| Cappuccino in expat area of the city | 655 kr | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | 1,108 kr | |
| iPad Wi-Fi 128GB | 84,869 kr | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | 64 kr | |
| 1 month of gym membership in business district | 8,378 kr | |
| 1 package of Marlboro cigarettes | 1,462 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.
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 128% more expensive than in Prague
- Cost of living in Reykjavik is 18% more expensive than in Dublin
- Cost of living in Reykjavik is 23% more expensive than in Tórshavn, Faroe Islands
- Cost of living in Reykjavik is 128% more expensive than in Johannesburg
- Cost of living in Reykjavik is 4% more expensive than in London
- Cost of living in Reykjavik is 95% more expensive than in Lisbon
- Cost of living in Reykjavik is about the same as in New York City
- Cost of living in Reykjavik is 62% more expensive than in Stuttgart
- Cost of living in Reykjavik is 74% more expensive than in Oklahoma City, Oklahoma
- Cost of living in Reykjavik is 23% more expensive than in Los Angeles, California
- Cost of living in Reykjavik is 186% more expensive than in Lagos
- Cost of living in Reykjavik is 62% more expensive than in Leeds
- Cost of living in Reykjavik is 83% more expensive than in London, Ontario
- Cost of living in Reykjavik is 26% more expensive than in Chicago, Illinois
- Cost of living in Reykjavik is 97% more expensive than in Valencia
- Cost of living in Reykjavik is 5% more expensive than in Oslo
- Cost of living in Reykjavik is 32% more expensive than in Tokyo
- Cost of living in Reykjavik is 57% more expensive than in Raleigh, North Carolina
- Cost of living in Reykjavik is 65% more expensive than in Seoul
- Cost of living in Reykjavik is 97% more expensive than in Bangkok
Compare other countries
Recent Prices Added
- Monthly rent - 85 m2 furnished accommodation in expensive area in Reykjavik costs 300,000 kr (6 days ago)
- Nice dinner at an italian restaurant, dinner for two in Reykjavik costs 10,000 kr (8 days ago)
- Summer dress in a high street store (zara, h&m or similar retailers) in Reykjavik costs 12,000 kr (8 days ago)
- Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new in Reykjavik costs 4,250,000 kr (8 days ago)
- Monthly rent - 85 m2 furnished accommodation in expensive area in Reykjavik costs 350,000 kr (8 days ago)
- 10 eggs, large in Reykjavik costs 528 kr (8 days ago)