Cost of living in Reykjavik, Iceland

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Food [Edit]
Basic lunchtime menu (including a drink) in the business district 2,949 kr
Combo meal in fast food restaurant (Big Mac Meal or similar) 1,772 kr
500 gr (1 lb.) of boneless chicken breast 1,141 kr
1 liter (1 qt.) of whole fat milk 203 kr
12 eggs, large 779 kr
1 kg (2 lb.) of tomatoes 405 kr
500 gr (16 oz.) of local cheese 1,217 kr
1 kg (2 lb.) of apples 350 kr
1 kg (2 lb.) of potatoes 265 kr
0.5 l (16 oz) domestic beer in the supermarket 380 kr
1 bottle of red table wine, good quality 3,012 kr
2 liters of Coca-Cola 275 kr
Bread for 2 people for 1 day 395 kr
Housing [Edit]
Monthly rent for 85 m2 (900 Sqft) furnished accommodation in EXPENSIVE area 269,468 kr
Monthly rent for 85 m2 (900 Sqft) furnished accommodation in NORMAL area 231,508 kr
Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat 13,299 kr
Monthly rent for a 45 m2 (480 Sqft) furnished studio in EXPENSIVE area 184,447 kr
Monthly rent for a 45 m2 (480 Sqft) furnished studio in NORMAL area 138,981 kr
Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 Sqft) studio 7,692 kr
Internet 8 Mbps (1 month) 5,241 kr
40” flat screen TV 89,792 kr
Microwave 800/900 Watt (Bosch, Panasonic, LG, Sharp, or equivalent brands) 17,100 kr
Laundry detergent (3 l. ~ 100 oz.) 1,770 kr
Hourly rate for cleaning help 3,279 kr
Clothes [Edit]
1 pair of jeans (Levis 501 or similar) 15,292 kr
1 summer dress in a High Street Store (Zara, H&M or similar retailers) 8,194 kr
1 pair of sport shoes (Nike, Adidas, or equivalent brands) 18,333 kr
1 pair of men’s leather business shoes 24,558 kr
Transportation [Edit]
Volkswagen Golf 1.4 TSI 150 CV (or equivalent), with no extras, new 3,473,990 kr
1 liter (1/4 gallon) of gas 200 kr
Monthly ticket public transport 11,669 kr
Taxi trip on a business day, basic tariff, 8 km. (5 miles) 3,265 kr
Personal Care [Edit]
Cold medicine for 6 days (Tylenol, Frenadol, Coldrex, or equivalent brands) 1,474 kr
1 box of antibiotics (12 doses) 2,130 kr
Short visit to private Doctor (15 minutes) 5,571 kr
1 box of 32 tampons (Tampax, OB, ...) 716 kr
Deodorant, roll-on (50ml ~ 1.5 oz.) 679 kr
Hair shampoo 2-in-1 (400 ml ~ 12 oz.) 941 kr
4 rolls of toilet paper 481 kr
Tube of toothpaste 399 kr
Standard men's haircut in expat area of the city 5,333 kr
Entertainment [Edit]
Basic dinner out for two in neighborhood pub 6,898 kr
2 tickets to the movies 3,125 kr
2 tickets to the theater (best available seats) 10,173 kr
Dinner for two at an Italian restaurant in the expat area including appetisers, main course, wine and dessert 14,322 kr
1 cocktail drink in downtown club 2,404 kr
Cappuccino in expat area of the city 595 kr
1 beer in neighbourhood pub (500ml or 1pt.) 1,064 kr
iPad Wi-Fi 128GB 78,246 kr
1 min. of prepaid mobile tariff (no discounts or plans) 20 kr
1 month of gym membership in business district 8,545 kr
1 package of Marlboro cigarettes 1,411 kr
These prices are based on abundant and consistent data. They are very reliable. They are based on 578 prices entered by 84 different people.
Latest price update: April 20, 2018.

Reykjavik position in our World Ranking

the world
2nd
out of 338
western europe
1st
out of 68

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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International Cost of Living Index

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