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:
| 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 | 1,379 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 | 2,386 kr | |
| 2 liters of Coca-Cola | 275 kr | |
| Bread for 2 people for 1 day | 341 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 | 16,136 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 | 11,304 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 | 588 kr | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | 1,050 kr | |
| iPad Air 2, 64GB | 94,307 kr | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | 20 kr | |
| 1 month of gym membership in business district | 6,813 kr | |
| 1 package of Marlboro cigarettes | 1,269 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.
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 Comparisons
- Cost of living in Reykjavik is 117% more expensive than in Johannesburg
- Cost of living in Reykjavik is 95% more expensive than in Lexington, Kentucky
- Cost of living in Reykjavik is about the same as in Oslo
- Cost of living in Reykjavik is about the same as in New York City
- Cost of living in Reykjavik is 85% more expensive than in Lisbon
- Cost of living in Reykjavik is 73% more expensive than in Kansas City, Missouri
- Cost of living in Reykjavik is 70% more expensive than in Vitoria-Gasteiz
- Cost of living in Reykjavik is 64% more expensive than in Barcelona
- Cost of living in Reykjavik is 39% more expensive than in Maastricht
- Cost of living in Reykjavik is 26% more expensive than in Stockholm
- Cost of living in Reykjavik is 74% more expensive than in Cardiff
- Cost of living in Reykjavik is 20% more expensive than in Melbourne
- Cost of living in Reykjavik is 36% more expensive than in Utrecht
- Cost of living in Reykjavik is 134% more expensive than in Lleida
- Cost of living in Reykjavik is 258% more expensive than in Colombo
- Cost of living in Reykjavik is 10% more expensive than in London
- Cost of living in Reykjavik is 38% more expensive than in Philadelphia, Pennsylvania
- Cost of living in Reykjavik is 148% more expensive than in San Salvador
- Cost of living in Reykjavik is 192% more expensive than in Manila
- Cost of living in Reykjavik is 18% more expensive than in Copenhagen
Compare other countries
Recent Prices Added
- Internet connection 300 mbps, 1 month in Reykjavik costs 9,000 kr (9 days ago)
- 40′ flat screen tv in Reykjavik costs 60,000 kr (9 days ago)
- Utilities (studio), monthly for 1 person in 45 m2 in Reykjavik costs 5,000 kr (9 days ago)
- Monthly rent - 85 m2 furnished accommodation in expensive area in Reykjavik costs 215,000 kr (9 days ago)
- 2 liters of coca-cola in Reykjavik costs 600 kr (9 days ago)
- 1 bottle of red table wine, good quality in Reykjavik costs 5,000 kr (9 days ago)
- 1 kg of apples in Reykjavik costs 600 kr (9 days ago)
- 250 g of local cheese in Reykjavik costs 1,800 kr (9 days ago)
- 6 eggs, large in Reykjavik costs 1,200 kr (9 days ago)
- 1 liter of whole fat milk in Reykjavik costs 300 kr (9 days ago)