Cost of living in Iceland
Summary of cost of living in Iceland
- Family of four estimated monthly costs: 733,750 kr
- Single person estimated monthly costs: 393,036 kr
- Iceland is the 2nd most expensive country in Western Europe (2 out of 19)
- Iceland is the 4th most expensive country in the World (4 out of 95)
| Food | |||
|---|---|---|---|
| Basic lunchtime menu (including a drink) in the business district | 2,682 kr | ||
| Combo meal in fast food restaurant (big mac meal or similar) | 1,972 kr | ||
| 500 gr (1 lb.) of boneless chicken breast | 1,138 kr | ||
| 1 liter (1 qt.) of whole fat milk | 157 kr | ||
| 12 eggs, large | 755 kr | ||
| 1 kg (2 lb.) of tomatoes | 592 kr | ||
| 500 gr (16 oz.) of local cheese | 897 kr | ||
| 1 kg (2 lb.) of apples | 415 kr | ||
| 1 kg (2 lb.) of potatoes | 426 kr | ||
| 0.5 l (16 oz) domestic beer in the supermarket | 398 kr | ||
| 1 bottle of red table wine, good quality | 3,115 kr | ||
| 2 liters of coca-cola | 335 kr | ||
| Bread for 2 people for 1 day | 320 kr | ||
| Housing | |||
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area | 309,818 kr | ||
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area | 232,178 kr | ||
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | 23,301 kr | ||
| Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area | 173,145 kr | ||
| Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area | 176,252 kr | ||
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio | 25,549 kr | ||
| Internet 8 mbps (1 month) | 6,689 kr | ||
| 40” flat screen tv | 86,633 kr | ||
| Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) | 25,900 kr | ||
| Laundry detergent (3 l. ~ 100 oz.) | 1,925 kr | ||
| Hourly rate for cleaning help | 3,410 kr | ||
| Clothes | |||
| 1 pair of jeans (levis 501 or similar) | 17,501 kr | ||
| 1 summer dress in a high street store (zara, h&m or similar retailers) | 7,301 kr | ||
| 1 pair of sport shoes (nike, adidas, or equivalent brands) | 17,572 kr | ||
| 1 pair of men’s leather business shoes | 29,325 kr | ||
| Transportation | |||
| Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new | 3,672,550 kr | ||
| 1 liter (1/4 gallon) of gas | 191 kr | ||
| Monthly ticket public transport | 12,731 kr | ||
| Personal Care | |||
| Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) | 1,355 kr | ||
| 1 box of antibiotics (12 doses) | 1,601 kr | ||
| Short visit to private doctor (15 minutes) | 4,855 kr | ||
| 1 box of 32 tampons (tampax, ob, ...) | 498 kr | ||
| Deodorant, roll-on (50ml ~ 1.5 oz.) | 408 kr | ||
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | 866 kr | ||
| 4 rolls of toilet paper | 392 kr | ||
| Tube of toothpaste | 403 kr | ||
| Standard men's haircut in expat area of the city | 6,887 kr | ||
| Entertainment | |||
| Basic dinner out for two in neighborhood pub | 6,422 kr | ||
| 2 tickets to the movies | 3,045 kr | ||
| 2 tickets to the theater (best available seats) | 10,062 kr | ||
| Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert | 12,253 kr | ||
| 1 cocktail drink in downtown club | 2,505 kr | ||
| Cappuccino in expat area of the city | 713 kr | ||
| 1 beer in neighbourhood pub (500ml or 1pt.) | 1,141 kr | ||
| Ipad wi-fi 128gb | 88,913 kr | ||
| 1 min. of prepaid mobile tariff (no discounts or plans) | 64 kr | ||
| 1 month of gym membership in business district | 7,926 kr | ||
| 1 package of marlboro cigarettes | 1,429 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.
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 Comparisons
- Cost of living in Reykjavik is 40% more expensive than in Salt Lake City, Utah
- Cost of living in Reykjavik is 114% more expensive than in Johannesburg
- Cost of living in Reykjavik is 7% cheaper than in London
- Cost of living in Reykjavik is 65% more expensive than in Toulouse
- Cost of living in Reykjavik is 75% more expensive than in Sheffield
- Cost of living in Reykjavik is 266% more expensive than in Madras
- Cost of living in Reykjavik is 17% more expensive than in Denver, Colorado
- Cost of living in Reykjavik is 48% more expensive than in Aberdeen
- Cost of living in Reykjavik is 134% more expensive than in Kuala Lumpur
- Cost of living in Reykjavik is 52% more expensive than in Seoul
- Cost of living in Reykjavik is 15% more expensive than in Bergen
- Cost of living in Reykjavik is 20% more expensive than in Paris
- Cost of living in Reykjavik is 96% more expensive than in Oporto
- Cost of living in Reykjavik is 10% more expensive than in Copenhagen
- Cost of living in Reykjavik is 34% more expensive than in Munich
- Cost of living in Reykjavik is 132% more expensive than in Cape Town
- Cost of living in Reykjavik is 12% more expensive than in Maui
- Cost of living in Reykjavik is 11% cheaper than in New York City
- Cost of living in Reykjavik is 58% more expensive than in Montreal
- Cost of living in Reykjavik is 21% more expensive than in Sacramento, California
Compare other countries
Prices recently added
- Monthly rent - 85 m2 furnished accommodation in expensive area in Reykjavik costs 220,000 kr (9 days ago)