Cost of living in Reykjavik, Iceland

Change the currency:
Food
Basic lunchtime menu (including a drink) in the business district 2,275 kr
Combo meal in fast food restaurant (Big Mac Meal or similar) 1,513 kr
500 gr (1 lb.) of boneless chicken breast 1,227 kr
1 liter (1 qt.) of whole fat milk 163 kr
12 eggs, large 664 kr
1 kg (2 lb.) of tomatoes 434 kr
500 gr (16 oz.) of local cheese 996 kr
1 kg (2 lb.) of apples 341 kr
1 kg (2 lb.) of potatoes 279 kr
0.5 l (16 oz) domestic beer in the supermarket 355 kr
1 bottle of red table wine, good quality 2,676 kr
2 liters of Coca-Cola 303 kr
Bread for 2 people for 1 day 329 kr
Housing
Monthly rent for 85 m2 (900 Sqft) furnished accommodation in EXPENSIVE area 250,429 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 178,007 kr
Monthly rent for a 45 m2 (480 Sqft) furnished studio in NORMAL area 122,882 kr
Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 Sqft) studio 7,207 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) 21,973 kr
Laundry detergent (3 l. ~ 100 oz.) 1,543 kr
Hourly rate for cleaning help 2,753 kr
Clothes
1 pair of jeans (Levis 501 or similar) 17,498 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) 21,827 kr
1 pair of men’s leather business shoes 27,200 kr
Transportation
Volkswagen Golf 1.4 TSI 150 CV (or equivalent), with no extras, new 3,599,960 kr
1 liter (1/4 gallon) of gas 200 kr
Monthly ticket public transport 10,872 kr
Taxi trip on a business day, basic tariff, 8 km. (5 miles) 3,300 kr
Personal Care
Cold medicine for 6 days (Tylenol, Frenadol, Coldrex, or equivalent brands) 1,474 kr
1 box of antibiotics (12 doses) 2,080 kr
Short visit to private Doctor (15 minutes) 4,040 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 504 kr
Tube of toothpaste 385 kr
Standard men's haircut in expat area of the city 4,668 kr
Entertainment
Basic dinner out for two in neighborhood pub 5,685 kr
2 tickets to the movies 2,806 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 1,954 kr
Cappuccino in expat area of the city 532 kr
1 beer in neighbourhood pub (500ml or 1pt.) 977 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 9,537 kr
1 package of Marlboro cigarettes 1,268 kr
These prices are based on abundant and consistent data. They are very reliable. They are based on 349 prices entered by 67 different people.
Latest price update: February 21, 2017.

Reykjavik position in our World Ranking

the world
7th
out of 218
western europe
3rd
out of 49

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
2nd
the world
2nd

Do you live in Reykjavik? We need your help!

What is the price of

Furnished studio in EXPENSIVE area

in Reykjavik?

kr

International Cost of Living Index

loading...

Recent Prices Added

  • Weekly rent - 2 bedroom (85m2) furnished accommodation in expensive area in London costs £1,488 (7 minutes ago)
  • Internet connection 300 mbps, 1 month in Nice costs €30 (8 minutes ago)
  • Utilities, monthly for 2 people in 85 m2 in Kraków costs 500 zł (13 minutes ago)
  • 1 liter of gasoline in Almaty costs 140 KZT (33 minutes ago)
  • Internet connection 300 mbps, 1 month in Addis Ababa costs 990 Birr (36 minutes ago)
  • 12 doses box of antibiotics in Aberdeen costs £0.00 (38 minutes ago)

What do you think about the cost of living in Reykjavik?