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:

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Food
Basic lunchtime menu (including a drink) in the business district 2,949 kr
Combo meal in fast food restaurant (Big Mac Meal or similar) 1,788 kr
500 gr (1 lb.) of boneless chicken breast 1,141 kr
1 liter (1 qt.) of whole fat milk 203 kr
12 eggs, large 779 kr
1 kg (2 lb.) of tomatoes 489 kr
500 gr (16 oz.) of local cheese 1,217 kr
1 kg (2 lb.) of apples 375 kr
1 kg (2 lb.) of potatoes 262 kr
0.5 l (16 oz) domestic beer in the supermarket 382 kr
1 bottle of red table wine, good quality 2,738 kr
2 liters of Coca-Cola 275 kr
Bread for 2 people for 1 day 395 kr
Housing
Monthly rent for 85 m2 (900 Sqft) furnished accommodation in EXPENSIVE area 271,710 kr
Monthly rent for 85 m2 (900 Sqft) furnished accommodation in NORMAL area 231,508 kr
Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat 13,299 kr
Monthly rent for a 45 m2 (480 Sqft) furnished studio in EXPENSIVE area 184,447 kr
Monthly rent for a 45 m2 (480 Sqft) furnished studio in NORMAL area 138,981 kr
Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 Sqft) studio 10,445 kr
Internet 8 Mbps (1 month) 5,502 kr
40” flat screen TV 89,792 kr
Microwave 800/900 Watt (Bosch, Panasonic, LG, Sharp, or equivalent brands) 18,717 kr
Laundry detergent (3 l. ~ 100 oz.) 1,998 kr
Hourly rate for cleaning help 4,697 kr
Clothes
1 pair of jeans (Levis 501 or similar) 15,292 kr
1 summer dress in a High Street Store (Zara, H&M or similar retailers) 8,194 kr
1 pair of sport shoes (Nike, Adidas, or equivalent brands) 18,333 kr
1 pair of men’s leather business shoes 24,558 kr
Transportation
Volkswagen Golf 1.4 TSI 150 CV (or equivalent), with no extras, new 3,473,990 kr
1 liter (1/4 gallon) of gas 199 kr
Monthly ticket public transport 11,669 kr
Personal Care
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) 4,357 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 454 kr
Standard men's haircut in expat area of the city 5,209 kr
Entertainment
Basic dinner out for two in neighborhood pub 7,173 kr
2 tickets to the movies 3,139 kr
2 tickets to the theater (best available seats) 13,525 kr
Dinner for two at an Italian restaurant in the expat area including appetisers, main course, wine and dessert 14,322 kr
1 cocktail drink in downtown club 2,313 kr
Cappuccino in expat area of the city 595 kr
1 beer in neighbourhood pub (500ml or 1pt.) 1,066 kr
iPad Wi-Fi 128GB 81,170 kr
1 min. of prepaid mobile tariff (no discounts or plans) 24 kr
1 month of gym membership in business district 8,545 kr
1 package of Marlboro cigarettes 1,464 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

  • Ipad wi-fi 128gb in Reykjavik costs 68,990 kr (4 days ago)
  • Ipad wi-fi 128gb in Reykjavik costs 69,990 kr (10 days ago)