Cost of living in Iceland
Summary of cost of living in Iceland
- Family of four estimated monthly costs: 1,116,823 kr
- Single person estimated monthly costs: 515,535 kr WARNING! These estimates are based on only a few data points. At the moment, you should treat them only as a best guess.
Change the currency:
| Food | |||
|---|---|---|---|
| Basic lunchtime menu (including a drink) in the business district | 4,287 kr | ||
| Combo meal in fast food restaurant (big mac meal or similar) | 2,748 kr | ||
| 500 gr (1 lb.) of boneless chicken breast | 1,229 kr | ||
| 1 liter (1 qt.) of whole fat milk | 251 kr | ||
| 12 eggs, large | 815 kr | ||
| 1 kg (2 lb.) of tomatoes | 653 kr | ||
| 500 gr (16 oz.) of local cheese | 1,271 kr | ||
| 1 kg (2 lb.) of apples | 429 kr | ||
| 1 kg (2 lb.) of potatoes | 475 kr | ||
| 0.5 l (16 oz) domestic beer in the supermarket | 760 kr | ||
| 1 bottle of red table wine, good quality | 8,578 kr | ||
| 2 liters of coca-cola | 346 kr | ||
| Bread for 2 people for 1 day | 669 kr | ||
| Housing | |||
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area | 351,541 kr | ||
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area | 277,929 kr | ||
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | 65,177 kr | ||
| Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area | 242,439 kr | ||
| Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area | 192,461 kr | ||
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio | 42,933 kr | ||
| Internet 8 mbps (1 month) | 6,518 kr | ||
| 40” flat screen tv | 165,479 kr | ||
| Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) | 49,096 kr | ||
| Laundry detergent (3 l. ~ 100 oz.) | 3,317 kr | ||
| Hourly rate for cleaning help | 11,734 kr | ||
| Clothes | |||
| 1 pair of jeans (levis 501 or similar) | 37,157 kr | ||
| 1 summer dress in a high street store (zara, h&m or similar retailers) | 15,761 kr | ||
| 1 pair of sport shoes (nike, adidas, or equivalent brands) | 31,870 kr | ||
| 1 pair of men’s leather business shoes | 67,739 kr | ||
| Transportation | |||
| Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new | 5,967,620 kr | ||
| 1 liter (1/4 gallon) of gas | 334 kr | ||
| Monthly ticket public transport | 12,187 kr | ||
| Personal Care | |||
| Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) | 713 kr | ||
| 1 box of antibiotics (12 doses) | 3,600 kr | ||
| Short visit to private doctor (15 minutes) | 24,000 kr | ||
| 1 box of 32 tampons (tampax, ob, ...) | 1,114 kr | ||
| Deodorant, roll-on (50ml ~ 1.5 oz.) | 2,112 kr | ||
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | 851 kr | ||
| 4 rolls of toilet paper | 1,255 kr | ||
| Tube of toothpaste | 653 kr | ||
| Standard men's haircut in expat area of the city | 8,660 kr | ||
| Entertainment | |||
| Basic dinner out for two in neighborhood pub | 10,409 kr | ||
| 2 tickets to the movies | 5,350 kr | ||
| 2 tickets to the theater (best available seats) | 28,094 kr | ||
| Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert | 49,122 kr | ||
| 1 cocktail drink in downtown club | 4,786 kr | ||
| Cappuccino in expat area of the city | 989 kr | ||
| 1 beer in neighbourhood pub (500ml or 1pt.) | 1,850 kr | ||
| Ipad wi-fi 128gb | 188,000 kr | ||
| 1 min. of prepaid mobile tariff (no discounts or plans) | 70 kr | ||
| 1 month of gym membership in business district | 13,622 kr | ||
| 1 package of marlboro cigarettes | 2,105 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.
List of all cities available in Iceland
| Reykjavik |
Recent Comparisons
- Cost of living in Reykjavik is 49% more expensive than in Brussels
- Cost of living in Reykjavik is 26% more expensive than in Salt Lake City, Utah
- Cost of living in Reykjavik is 17% more expensive than in Tacoma, Washington
- Cost of living in Reykjavik is 58% more expensive than in Limassol
- Cost of living in Reykjavik is 7% cheaper than in London
- Cost of living in Reykjavik is 50% more expensive than in Norrköping
- Cost of living in Reykjavik is 156% more expensive than in Reynosa
- Cost of living in Reykjavik is 24% more expensive than in Bergen
- Cost of living in Reykjavik is 7% cheaper than in Jersey City, New Jersey
- Cost of living in Reykjavik is 304% more expensive than in Buenos Aires
- Cost of living in Reykjavik is 13% more expensive than in Charlotte, North Carolina
- Cost of living in Reykjavik is 23% more expensive than in Newark, New Jersey
- Cost of living in Reykjavik is 52% more expensive than in Madrid
- Cost of living in Reykjavik is 24% more expensive than in Baia Mare
- Cost of living in Reykjavik is 14% more expensive than in Paris
- Cost of living in Reykjavik is 182% more expensive than in Novi Sad
- Cost of living in Reykjavik is 77% more expensive than in Moscow
- Cost of living in Reykjavik is 57% more expensive than in Barcelona
- Cost of living in Reykjavik is 7% more expensive than in Portland, Oregon
- Cost of living in Reykjavik is 13% more expensive than in Oslo