Cost of living in Reykjavik, Iceland

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Food [Edit]
Basic lunchtime menu (including a drink) in the business district 2,535 kr
Combo meal in fast food restaurant (Big Mac Meal or similar) 1,646 kr
500 gr (1 lb.) of boneless chicken breast 1,179 kr
1 liter (1 qt.) of whole fat milk 182 kr
12 eggs, large 790 kr
1 kg (2 lb.) of tomatoes 436 kr
500 gr (16 oz.) of local cheese 1,203 kr
1 kg (2 lb.) of apples 363 kr
1 kg (2 lb.) of potatoes 273 kr
0.5 l (16 oz) domestic beer in the supermarket 364 kr
1 bottle of red table wine, good quality 2,609 kr
2 liters of Coca-Cola 283 kr
Bread for 2 people for 1 day 283 kr
Housing [Edit]
Monthly rent for 85 m2 (900 Sqft) furnished accommodation in EXPENSIVE area 256,816 kr
Monthly rent for 85 m2 (900 Sqft) furnished accommodation in NORMAL area 195,562 kr
Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat 12,113 kr
Monthly rent for a 45 m2 (480 Sqft) furnished studio in EXPENSIVE area 182,233 kr
Monthly rent for a 45 m2 (480 Sqft) furnished studio in NORMAL area 139,406 kr
Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 Sqft) studio 7,446 kr
Internet 8 Mbps (1 month) 6,616 kr
40” flat screen TV 91,837 kr
Microwave 800/900 Watt (Bosch, Panasonic, LG, Sharp, or equivalent brands) 19,028 kr
Laundry detergent (3 l. ~ 100 oz.) 1,833 kr
Hourly rate for cleaning help 3,261 kr
Clothes [Edit]
1 pair of jeans (Levis 501 or similar) 16,886 kr
1 summer dress in a High Street Store (Zara, H&M or similar retailers) 8,858 kr
1 pair of sport shoes (Nike, Adidas, or equivalent brands) 20,775 kr
1 pair of men’s leather business shoes 25,890 kr
Transportation [Edit]
Volkswagen Golf 1.4 TSI 150 CV (or equivalent), with no extras, new 3,391,920 kr
1 liter (1/4 gallon) of gas 196 kr
Monthly ticket public transport 11,304 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) 2,095 kr
Short visit to private Doctor (15 minutes) 4,959 kr
1 box of 32 tampons (Tampax, OB, ...) 699 kr
Deodorant, roll-on (50ml ~ 1.5 oz.) 657 kr
Hair shampoo 2-in-1 (400 ml ~ 12 oz.) 917 kr
4 rolls of toilet paper 479 kr
Tube of toothpaste 410 kr
Standard men's haircut in expat area of the city 4,900 kr
Entertainment [Edit]
Basic dinner out for two in neighborhood pub 5,850 kr
2 tickets to the movies 2,938 kr
2 tickets to the theater (best available seats) 9,212 kr
Dinner for two at an Italian restaurant in the expat area including appetisers, main course, wine and dessert 12,736 kr
1 cocktail drink in downtown club 2,103 kr
Cappuccino in expat area of the city 603 kr
1 beer in neighbourhood pub (500ml or 1pt.) 1,049 kr
iPod nano 16GB 43,986 kr
1 min. of prepaid mobile tariff (no discounts or plans) 20 kr
1 month of gym membership in business district 9,133 kr
1 package of Marlboro cigarettes 1,226 kr
These prices are based on abundant and consistent data. They are very reliable. They are based on 519 prices entered by 79 different people.
Latest price update: July 27, 2017.

Reykjavik position in our World Ranking

the world
5th
out of 292
western europe
3rd
out of 58

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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