Cost of living in Reykjavik, Iceland

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Food [Edit]
Basic lunchtime menu (including a drink) in the business district 2,564 kr
Combo meal in fast food restaurant (Big Mac Meal or similar) 1,737 kr
500 gr (1 lb.) of boneless chicken breast 1,138 kr
1 liter (1 qt.) of whole fat milk 161 kr
12 eggs, large 797 kr
1 kg (2 lb.) of tomatoes 471 kr
500 gr (16 oz.) of local cheese 1,147 kr
1 kg (2 lb.) of apples 437 kr
1 kg (2 lb.) of potatoes 353 kr
0.5 l (16 oz) domestic beer in the supermarket 393 kr
1 bottle of red table wine, good quality 2,917 kr
2 liters of Coca-Cola 291 kr
Bread for 2 people for 1 day 331 kr
Housing [Edit]
Monthly rent for 85 m2 (900 Sqft) furnished accommodation in EXPENSIVE area 261,752 kr
Monthly rent for 85 m2 (900 Sqft) furnished accommodation in NORMAL area 241,367 kr
Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat 12,235 kr
Monthly rent for a 45 m2 (480 Sqft) furnished studio in EXPENSIVE area 210,487 kr
Monthly rent for a 45 m2 (480 Sqft) furnished studio in NORMAL area 162,053 kr
Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 Sqft) studio 8,482 kr
Internet 8 Mbps (1 month) 6,141 kr
40” flat screen TV 101,073 kr
Microwave 800/900 Watt (Bosch, Panasonic, LG, Sharp, or equivalent brands) 19,329 kr
Laundry detergent (3 l. ~ 100 oz.) 2,028 kr
Hourly rate for cleaning help 3,522 kr
Clothes [Edit]
1 pair of jeans (Levis 501 or similar) 15,639 kr
1 summer dress in a High Street Store (Zara, H&M or similar retailers) 9,525 kr
1 pair of sport shoes (Nike, Adidas, or equivalent brands) 20,403 kr
1 pair of men’s leather business shoes 26,309 kr
Transportation [Edit]
Volkswagen Golf 1.4 TSI 150 CV (or equivalent), with no extras, new 3,426,470 kr
1 liter (1/4 gallon) of gas 215 kr
Monthly ticket public transport 11,490 kr
Taxi trip on a business day, basic tariff, 8 km. (5 miles) 3,309 kr
Personal Care [Edit]
Cold medicine for 6 days (Tylenol, Frenadol, Coldrex, or equivalent brands) 1,404 kr
1 box of antibiotics (12 doses) 1,851 kr
Short visit to private Doctor (15 minutes) 4,094 kr
1 box of 32 tampons (Tampax, OB, ...) 678 kr
Deodorant, roll-on (50ml ~ 1.5 oz.) 646 kr
Hair shampoo 2-in-1 (400 ml ~ 12 oz.) 1,036 kr
4 rolls of toilet paper 477 kr
Tube of toothpaste 393 kr
Standard men's haircut in expat area of the city 5,555 kr
Entertainment [Edit]
Basic dinner out for two in neighborhood pub 6,652 kr
2 tickets to the movies 3,094 kr
2 tickets to the theater (best available seats) 12,118 kr
Dinner for two at an Italian restaurant in the expat area including appetisers, main course, wine and dessert 9,252 kr
1 cocktail drink in downtown club 2,428 kr
Cappuccino in expat area of the city 655 kr
1 beer in neighbourhood pub (500ml or 1pt.) 1,090 kr
iPad Wi-Fi 128GB 84,869 kr
1 min. of prepaid mobile tariff (no discounts or plans) 20 kr
1 month of gym membership in business district 8,232 kr
1 package of Marlboro cigarettes 1,454 kr
These prices are based on abundant and consistent data. They are very reliable. They are based on 623 prices entered by 89 different people.
Latest price update: October 19, 2018.

Reykjavik position in our World Ranking

the world
13th
out of 342
western europe
6th
out of 71

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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