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 2,595 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
Housing
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
Clothes
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
Transportation
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
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) 4,680 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
Entertainment
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

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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

What do you think about the cost of living in Iceland?

Recent Prices Added

  • Public transport in Reykjavik costs 12,000 kr (6 days ago)
  • 1 month of gym membership in business district in Reykjavik costs 6,840 kr (9 days ago)
  • Cappuccino in expat area of the city in Reykjavik costs 600 kr (9 days ago)
  • Public transport in Reykjavik costs 11,000 kr (9 days ago)