Cost of living in Reykjavik, Iceland

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Food
Basic lunchtime menu (including a drink) in the business district 2,378 kr
Combo meal in fast food restaurant (Big Mac Meal or similar) 1,620 kr
500 gr (1 lb.) of boneless chicken breast 1,146 kr
1 liter (1 qt.) of whole fat milk 202 kr
12 eggs, large 809 kr
1 kg (2 lb.) of tomatoes 434 kr
500 gr (16 oz.) of local cheese 1,321 kr
1 kg (2 lb.) of apples 361 kr
1 kg (2 lb.) of potatoes 264 kr
0.5 l (16 oz) domestic beer in the supermarket 364 kr
1 bottle of red table wine, good quality 2,467 kr
2 liters of Coca-Cola 306 kr
Bread for 2 people for 1 day 264 kr
Housing
Monthly rent for 85 m2 (900 Sqft) furnished accommodation in EXPENSIVE area 250,429 kr
Monthly rent for 85 m2 (900 Sqft) furnished accommodation in NORMAL area 190,371 kr
Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat 11,406 kr
Monthly rent for a 45 m2 (480 Sqft) furnished studio in EXPENSIVE area 173,042 kr
Monthly rent for a 45 m2 (480 Sqft) furnished studio in NORMAL area 128,996 kr
Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 Sqft) studio 8,013 kr
Internet 8 Mbps (1 month) 5,694 kr
40” flat screen TV 105,503 kr
Microwave 800/900 Watt (Bosch, Panasonic, LG, Sharp, or equivalent brands) 21,380 kr
Laundry detergent (3 l. ~ 100 oz.) 1,543 kr
Hourly rate for cleaning help 2,753 kr
Clothes
1 pair of jeans (Levis 501 or similar) 16,345 kr
1 summer dress in a High Street Store (Zara, H&M or similar retailers) 9,535 kr
1 pair of sport shoes (Nike, Adidas, or equivalent brands) 21,827 kr
1 pair of men’s leather business shoes 27,200 kr
Transportation
Volkswagen Golf 1.4 TSI 150 CV (or equivalent), with no extras, new 3,599,960 kr
1 liter (1/4 gallon) of gas 198 kr
Monthly ticket public transport 11,167 kr
Taxi trip on a business day, basic tariff, 8 km. (5 miles) 3,256 kr
Personal Care
Cold medicine for 6 days (Tylenol, Frenadol, Coldrex, or equivalent brands) 1,474 kr
1 box of antibiotics (12 doses) 2,080 kr
Short visit to private Doctor (15 minutes) 4,040 kr
1 box of 32 tampons (Tampax, OB, ...) 699 kr
Deodorant, roll-on (50ml ~ 1.5 oz.) 636 kr
Hair shampoo 2-in-1 (400 ml ~ 12 oz.) 941 kr
4 rolls of toilet paper 477 kr
Tube of toothpaste 385 kr
Standard men's haircut in expat area of the city 4,622 kr
Entertainment
Basic dinner out for two in neighborhood pub 5,989 kr
2 tickets to the movies 2,915 kr
2 tickets to the theater (best available seats) 8,833 kr
Dinner for two at an Italian restaurant in the expat area including appetisers, main course, wine and dessert 13,024 kr
1 cocktail drink in downtown club 1,918 kr
Cappuccino in expat area of the city 535 kr
1 beer in neighbourhood pub (500ml or 1pt.) 1,013 kr
iPod nano 16GB 46,810 kr
1 min. of prepaid mobile tariff (no discounts or plans) 20 kr
1 month of gym membership in business district 15,638 kr
1 package of Marlboro cigarettes 1,268 kr
These prices are based on abundant and consistent data. They are very reliable. They are based on 376 prices entered by 71 different people.
Latest price update: March 27, 2017.

Reykjavik position in our World Ranking

the world
7th
out of 214
western europe
3rd
out of 46

Cheapest and most expensive products in Reykjavik compared to other cities:

the world
1st
the world
1st
the world
1st
the world
1st
the world
1st
the world
2nd

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Recent Prices Added

  • Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new in Indianapolis, Indiana costs $65,000 (3 minutes ago)
  • 500 g of boneless chicken breast in Reykjavik costs 1,100 kr (4 minutes ago)
  • Internet connection 300 mbps, 1 month in Grenoble costs €44 (5 minutes ago)
  • Internet connection 300 mbps, 1 month in Oslo costs kr 599 (6 minutes ago)
  • Internet connection 300 mbps, 1 month in London costs £50 (7 minutes ago)
  • 1 month of gym membership in business district in Jodhpur costs ₨500 (8 minutes ago)

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