Cost of living in Reykjavik, Iceland

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Food [Edit]
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 178 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 360 kr
1 bottle of red table wine, good quality 2,467 kr
2 liters of Coca-Cola 296 kr
Bread for 2 people for 1 day 264 kr
Housing [Edit]
Monthly rent for 85 m2 (900 Sqft) furnished accommodation in EXPENSIVE area 215,771 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 176,983 kr
Monthly rent for a 45 m2 (480 Sqft) furnished studio in NORMAL area 114,746 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 [Edit]
1 pair of jeans (Levis 501 or similar) 17,456 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) 21,907 kr
1 pair of men’s leather business shoes 29,304 kr
Transportation [Edit]
Volkswagen Golf 1.4 TSI 150 CV (or equivalent), with no extras, new 3,599,960 kr
1 liter (1/4 gallon) of gas 196 kr
Monthly ticket public transport 11,352 kr
Taxi trip on a business day, basic tariff, 8 km. (5 miles) 3,258 kr
Personal Care [Edit]
Cold medicine for 6 days (Tylenol, Frenadol, Coldrex, or equivalent brands) 1,474 kr
1 box of antibiotics (12 doses) 2,108 kr
Short visit to private Doctor (15 minutes) 4,571 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 4,694 kr
Entertainment [Edit]
Basic dinner out for two in neighborhood pub 5,989 kr
2 tickets to the movies 3,054 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 1,936 kr
Cappuccino in expat area of the city 535 kr
1 beer in neighbourhood pub (500ml or 1pt.) 1,010 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 1,258 kr
These prices are based on abundant and consistent data. They are very reliable. They are based on 371 prices entered by 74 different people.
Latest price update: April 23, 2017.

Reykjavik position in our World Ranking

the world
7th
out of 219
western europe
3rd
out of 50

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

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  • Basic lunchtime menu (including a drink) in the business district in Accra costs GH₵50 (4 minutes ago)
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