Cost of living in Iceland
Summary of cost of living in Iceland
- Family of four estimated monthly costs: 1,249,874 kr
- Single person estimated monthly costs: 569,365 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 | 7,596 kr | ||
| Combo meal in fast food restaurant (big mac meal or similar) | 2,977 kr | ||
| 500 gr (1 lb.) of boneless chicken breast | 1,608 kr | ||
| 1 liter (1 qt.) of whole fat milk | 253 kr | ||
| 12 eggs, large | 1,036 kr | ||
| 1 kg (2 lb.) of tomatoes | 774 kr | ||
| 500 gr (16 oz.) of local cheese | 1,658 kr | ||
| 1 kg (2 lb.) of apples | 606 kr | ||
| 1 kg (2 lb.) of potatoes | 466 kr | ||
| 0.5 l (16 oz) domestic beer in the supermarket | 563 kr | ||
| 1 bottle of red table wine, good quality | 4,329 kr | ||
| 2 liters of coca-cola | 385 kr | ||
| Bread for 2 people for 1 day | 448 kr | ||
| Housing | |||
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area | 415,163 kr | ||
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area | 344,698 kr | ||
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | 222,135 kr | ||
| Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area | 340,133 kr | ||
| Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area | 252,240 kr | ||
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio | 31,740 kr | ||
| Internet 8 mbps (1 month) | 11,660 kr | ||
| 40” flat screen tv | 135,104 kr | ||
| Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) | 24,394 kr | ||
| Laundry detergent (3 l. ~ 100 oz.) | 2,814 kr | ||
| Hourly rate for cleaning help | 5,651 kr | ||
| Clothes | |||
| 1 pair of jeans (levis 501 or similar) | 13,152 kr | ||
| 1 summer dress in a high street store (zara, h&m or similar retailers) | 18,714 kr | ||
| 1 pair of sport shoes (nike, adidas, or equivalent brands) | 26,530 kr | ||
| 1 pair of men’s leather business shoes | 25,574 kr | ||
| Transportation | |||
| Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new | 6,086,940 kr | ||
| 1 liter (1/4 gallon) of gas | 300 kr | ||
| Monthly ticket public transport | 10,800 kr | ||
| Personal Care | |||
| Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) | 1,367 kr | ||
| 1 box of antibiotics (12 doses) | 3,085 kr | ||
| Short visit to private doctor (15 minutes) | 19,528 kr | ||
| 1 box of 32 tampons (tampax, ob, ...) | 750 kr | ||
| Deodorant, roll-on (50ml ~ 1.5 oz.) | 665 kr | ||
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | 948 kr | ||
| 4 rolls of toilet paper | 863 kr | ||
| Tube of toothpaste | 577 kr | ||
| Standard men's haircut in expat area of the city | 7,963 kr | ||
| Entertainment | |||
| Basic dinner out for two in neighborhood pub | 9,486 kr | ||
| 2 tickets to the movies | 5,796 kr | ||
| 2 tickets to the theater (best available seats) | 17,961 kr | ||
| Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert | 11,715 kr | ||
| 1 cocktail drink in downtown club | 3,638 kr | ||
| Cappuccino in expat area of the city | 811 kr | ||
| 1 beer in neighbourhood pub (500ml or 1pt.) | 1,366 kr | ||
| Ipad wi-fi 128gb | 172,430 kr | ||
| 1 min. of prepaid mobile tariff (no discounts or plans) | - | ||
| 1 month of gym membership in business district | 25,228 kr | ||
| 1 package of marlboro cigarettes | 1,827 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 139% more expensive than in La Plata
- Cost of living in Reykjavik is 129% more expensive than in Kamloops
- Cost of living in Reykjavik is 195% more expensive than in Santo André
- Cost of living in Reykjavik is 379% more expensive than in Governador Valadares
- Cost of living in Reykjavik is 149% more expensive than in Lagos
- Cost of living in Reykjavik is 208% more expensive than in Kyiv
- Cost of living in Reykjavik is 570% more expensive than in Santiago del Estero
- Cost of living in Reykjavik is 49% more expensive than in Dubai
- Cost of living in Reykjavik is 102% more expensive than in Madrid
- Cost of living in Reykjavik is 78% more expensive than in Al Basrah al Qadimah
- Cost of living in Reykjavik is 229% more expensive than in Ciudad Juárez
- Cost of living in Reykjavik is 434% more expensive than in Mendoza
- Cost of living in Reykjavik is 105% more expensive than in Knoxville, Tennessee
- Cost of living in Reykjavik is 269% more expensive than in Agadir
- Cost of living in Reykjavik is 30% more expensive than in Amsterdam
- Cost of living in Reykjavik is 283% more expensive than in Ciudad del Este
- Cost of living in Reykjavik is 48% more expensive than in Southampton
- Cost of living in Reykjavik is 38% more expensive than in Charlotte Amalie
- Cost of living in Reykjavik is 187% more expensive than in Wuxi
- Cost of living in Reykjavik is 627% more expensive than in Rio Grande, Tierra del Fuego