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:
|Basic lunchtime menu (including a drink) in the business district||2,595 kr|
|Combo meal in fast food restaurant (Big Mac Meal or similar)||1,671 kr|
|500 gr (1 lb.) of boneless chicken breast||1,228 kr|
|1 liter (1 qt.) of whole fat milk||189 kr|
|12 eggs, large||805 kr|
|1 kg (2 lb.) of tomatoes||343 kr|
|500 gr (16 oz.) of local cheese||1,328 kr|
|1 kg (2 lb.) of apples||341 kr|
|1 kg (2 lb.) of potatoes||259 kr|
|0.5 l (16 oz) domestic beer in the supermarket||368 kr|
|1 bottle of red table wine, good quality||2,408 kr|
|2 liters of Coca-Cola||275 kr|
|Bread for 2 people for 1 day||356 kr|
|Monthly rent for 85 m2 (900 Sqft) furnished accommodation in EXPENSIVE area||264,367 kr|
|Monthly rent for 85 m2 (900 Sqft) furnished accommodation in NORMAL area||205,485 kr|
|Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat||14,024 kr|
|Monthly rent for a 45 m2 (480 Sqft) furnished studio in EXPENSIVE area||182,233 kr|
|Monthly rent for a 45 m2 (480 Sqft) furnished studio in NORMAL area||137,596 kr|
|Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 Sqft) studio||9,526 kr|
|Internet 8 Mbps (1 month)||4,767 kr|
|40” flat screen TV||87,599 kr|
|Microwave 800/900 Watt (Bosch, Panasonic, LG, Sharp, or equivalent brands)||17,893 kr|
|Laundry detergent (3 l. ~ 100 oz.)||2,212 kr|
|Hourly rate for cleaning help||4,254 kr|
|1 pair of jeans (Levis 501 or similar)||15,289 kr|
|1 summer dress in a High Street Store (Zara, H&M or similar retailers)||8,625 kr|
|1 pair of sport shoes (Nike, Adidas, or equivalent brands)||19,567 kr|
|1 pair of men’s leather business shoes||23,682 kr|
|Volkswagen Golf 1.4 TSI 150 CV (or equivalent), with no extras, new||3,478,690 kr|
|1 liter (1/4 gallon) of gas||196 kr|
|Monthly ticket public transport||11,362 kr|
|Cold medicine for 6 days (Tylenol, Frenadol, Coldrex, or equivalent brands)||-|
|1 box of antibiotics (12 doses)||1,951 kr|
|Short visit to private Doctor (15 minutes)||4,680 kr|
|1 box of 32 tampons (Tampax, OB, ...)||989 kr|
|Deodorant, roll-on (50ml ~ 1.5 oz.)||641 kr|
|Hair shampoo 2-in-1 (400 ml ~ 12 oz.)||731 kr|
|4 rolls of toilet paper||448 kr|
|Tube of toothpaste||508 kr|
|Standard men's haircut in expat area of the city||5,027 kr|
|Basic dinner out for two in neighborhood pub||6,000 kr|
|2 tickets to the movies||3,106 kr|
|2 tickets to the theater (best available seats)||16,652 kr|
|Dinner for two at an Italian restaurant in the expat area including appetisers, main course, wine and dessert||15,785 kr|
|1 cocktail drink in downtown club||2,191 kr|
|Cappuccino in expat area of the city||594 kr|
|1 beer in neighbourhood pub (500ml or 1pt.)||1,050 kr|
|iPad Wi-Fi 128GB||60,378 kr|
|1 min. of prepaid mobile tariff (no discounts or plans)||27 kr|
|1 month of gym membership in business district||6,822 kr|
|1 package of Marlboro cigarettes||1,269 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.
List of all cities available in Iceland