Cost of living in Reykjavik, Iceland

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Food [Edit]
Basic lunchtime menu (including a drink) in the business district 2,512 kr
Combo meal in fast food restaurant (Big Mac Meal or similar) 1,736 kr
500 gr (1 lb.) of boneless chicken breast 1,142 kr
1 liter (1 qt.) of whole fat milk 187 kr
12 eggs, large 772 kr
1 kg (2 lb.) of tomatoes 386 kr
500 gr (16 oz.) of local cheese 1,182 kr
1 kg (2 lb.) of apples 391 kr
1 kg (2 lb.) of potatoes 308 kr
0.5 l (16 oz) domestic beer in the supermarket 396 kr
1 bottle of red table wine, good quality 2,908 kr
2 liters of Coca-Cola 297 kr
Bread for 2 people for 1 day 408 kr
Housing [Edit]
Monthly rent for 85 m2 (900 Sqft) furnished accommodation in EXPENSIVE area 263,369 kr
Monthly rent for 85 m2 (900 Sqft) furnished accommodation in NORMAL area 247,512 kr
Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat 15,302 kr
Monthly rent for a 45 m2 (480 Sqft) furnished studio in EXPENSIVE area 212,790 kr
Monthly rent for a 45 m2 (480 Sqft) furnished studio in NORMAL area 157,030 kr
Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 Sqft) studio 8,440 kr
Internet 8 Mbps (1 month) 6,358 kr
40” flat screen TV 95,394 kr
Microwave 800/900 Watt (Bosch, Panasonic, LG, Sharp, or equivalent brands) 20,005 kr
Laundry detergent (3 l. ~ 100 oz.) 1,971 kr
Hourly rate for cleaning help 3,533 kr
Clothes [Edit]
1 pair of jeans (Levis 501 or similar) 15,974 kr
1 summer dress in a High Street Store (Zara, H&M or similar retailers) 8,491 kr
1 pair of sport shoes (Nike, Adidas, or equivalent brands) 20,406 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 3,433,050 kr
1 liter (1/4 gallon) of gas 210 kr
Monthly ticket public transport 11,242 kr
Taxi trip on a business day, basic tariff, 8 km. (5 miles) 3,313 kr
Personal Care [Edit]
Cold medicine for 6 days (Tylenol, Frenadol, Coldrex, or equivalent brands) 1,372 kr
1 box of antibiotics (12 doses) 1,972 kr
Short visit to private Doctor (15 minutes) 4,094 kr
1 box of 32 tampons (Tampax, OB, ...) 697 kr
Deodorant, roll-on (50ml ~ 1.5 oz.) 645 kr
Hair shampoo 2-in-1 (400 ml ~ 12 oz.) 1,067 kr
4 rolls of toilet paper 503 kr
Tube of toothpaste 388 kr
Standard men's haircut in expat area of the city 5,446 kr
Entertainment [Edit]
Basic dinner out for two in neighborhood pub 6,974 kr
2 tickets to the movies 3,223 kr
2 tickets to the theater (best available seats) 12,458 kr
Dinner for two at an Italian restaurant in the expat area including appetisers, main course, wine and dessert 13,213 kr
1 cocktail drink in downtown club 2,511 kr
Cappuccino in expat area of the city 625 kr
1 beer in neighbourhood pub (500ml or 1pt.) 1,098 kr
iPad Wi-Fi 128GB 87,301 kr
1 min. of prepaid mobile tariff (no discounts or plans) 20 kr
1 month of gym membership in business district 8,550 kr
1 package of Marlboro cigarettes 1,520 kr
These prices are based on abundant and consistent data. They are very reliable. They are based on 570 prices entered by 85 different people.
Latest price update: August 19, 2018.

Reykjavik position in our World Ranking

the world
6th
out of 343
western europe
3rd
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
1st

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