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.

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Food
Basic lunchtime menu (including a drink) in the business district 2,690 kr
Combo meal in fast food restaurant (Big Mac Meal or similar) 1,691 kr
500 gr (1 lb.) of boneless chicken breast 1,085 kr
1 liter (1 qt.) of whole fat milk 188 kr
12 eggs, large 722 kr
1 kg (2 lb.) of tomatoes 468 kr
500 gr (16 oz.) of local cheese 1,118 kr
1 kg (2 lb.) of apples 421 kr
1 kg (2 lb.) of potatoes 275 kr
0.5 l (16 oz) domestic beer in the supermarket 378 kr
1 bottle of red table wine, good quality 2,692 kr
2 liters of Coca-Cola 277 kr
Bread for 2 people for 1 day 412 kr
Housing
Monthly rent for 85 m2 (900 Sqft) furnished accommodation in EXPENSIVE area 261,889 kr
Monthly rent for 85 m2 (900 Sqft) furnished accommodation in NORMAL area 236,478 kr
Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat 12,513 kr
Monthly rent for a 45 m2 (480 Sqft) furnished studio in EXPENSIVE area 200,038 kr
Monthly rent for a 45 m2 (480 Sqft) furnished studio in NORMAL area 163,469 kr
Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 Sqft) studio 12,667 kr
Internet 8 Mbps (1 month) 6,180 kr
40” flat screen TV 104,963 kr
Microwave 800/900 Watt (Bosch, Panasonic, LG, Sharp, or equivalent brands) 22,906 kr
Laundry detergent (3 l. ~ 100 oz.) 1,609 kr
Hourly rate for cleaning help 6,830 kr
Clothes
1 pair of jeans (Levis 501 or similar) 14,994 kr
1 summer dress in a High Street Store (Zara, H&M or similar retailers) 8,649 kr
1 pair of sport shoes (Nike, Adidas, or equivalent brands) 20,092 kr
1 pair of men’s leather business shoes 25,959 kr
Transportation
Volkswagen Golf 1.4 TSI 150 CV (or equivalent), with no extras, new 3,465,000 kr
1 liter (1/4 gallon) of gas 207 kr
Monthly ticket public transport 11,636 kr
Personal Care
Cold medicine for 6 days (Tylenol, Frenadol, Coldrex, or equivalent brands) 400 kr
1 box of antibiotics (12 doses) 2,025 kr
Short visit to private Doctor (15 minutes) 4,048 kr
1 box of 32 tampons (Tampax, OB, ...) 764 kr
Deodorant, roll-on (50ml ~ 1.5 oz.) 736 kr
Hair shampoo 2-in-1 (400 ml ~ 12 oz.) 921 kr
4 rolls of toilet paper 532 kr
Tube of toothpaste 404 kr
Standard men's haircut in expat area of the city 5,446 kr
Entertainment
Basic dinner out for two in neighborhood pub 6,974 kr
2 tickets to the movies 3,285 kr
2 tickets to the theater (best available seats) 12,458 kr
Dinner for two at an Italian restaurant in the expat area including appetisers, main course, wine and dessert 12,832 kr
1 cocktail drink in downtown club 2,529 kr
Cappuccino in expat area of the city 607 kr
1 beer in neighbourhood pub (500ml or 1pt.) 1,075 kr
iPad Wi-Fi 128GB 83,199 kr
1 min. of prepaid mobile tariff (no discounts or plans) 64 kr
1 month of gym membership in business district 8,343 kr
1 package of Marlboro cigarettes 1,492 kr

Map of Cost of Living in Iceland

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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 Prices Added

  • 1 liter of gasoline in Reykjavik costs 226 kr (2 days ago)
  • Monthly rent - 45 m2 furnished studio in normal area in Reykjavik costs 180,000 kr (4 days ago)
  • 1 pack of marlboro cigarettes in Reykjavik costs 1,500 kr (9 days ago)
  • 1 month of gym membership in business district in Reykjavik costs 10,000 kr (9 days ago)
  • 1 min. of prepaid mobile tariff (no discounts or plans) in Reykjavik costs 10 kr (9 days ago)
  • Ipad wi-fi 128gb in Reykjavik costs 150,000 kr (9 days ago)
  • 500 ml beer in neighbourhood pub in Reykjavik costs 1,200 kr (9 days ago)
  • Cappuccino in expat area of the city in Reykjavik costs 650 kr (9 days ago)
  • Cocktail drink in downtown club in Reykjavik costs 2,500 kr (9 days ago)
  • Nice dinner at an italian restaurant, dinner for two in Reykjavik costs 7,000 kr (9 days ago)