Cost of living in Reykjavik, Iceland

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Food [Edit]
Basic lunchtime menu (including a drink) in the business district 2,767 kr
Combo meal in fast food restaurant (Big Mac Meal or similar) 1,761 kr
500 gr (1 lb.) of boneless chicken breast 1,083 kr
1 liter (1 qt.) of whole fat milk 208 kr
12 eggs, large 722 kr
1 kg (2 lb.) of tomatoes 405 kr
500 gr (16 oz.) of local cheese 1,118 kr
1 kg (2 lb.) of apples 348 kr
1 kg (2 lb.) of potatoes 273 kr
0.5 l (16 oz) domestic beer in the supermarket 369 kr
1 bottle of red table wine, good quality 2,758 kr
2 liters of Coca-Cola 275 kr
Bread for 2 people for 1 day 403 kr
Housing [Edit]
Monthly rent for 85 m2 (900 Sqft) furnished accommodation in EXPENSIVE area 261,224 kr
Monthly rent for 85 m2 (900 Sqft) furnished accommodation in NORMAL area 234,053 kr
Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat 12,502 kr
Monthly rent for a 45 m2 (480 Sqft) furnished studio in EXPENSIVE area 203,215 kr
Monthly rent for a 45 m2 (480 Sqft) furnished studio in NORMAL area 142,236 kr
Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 Sqft) studio 7,692 kr
Internet 8 Mbps (1 month) 6,615 kr
40” flat screen TV 105,074 kr
Microwave 800/900 Watt (Bosch, Panasonic, LG, Sharp, or equivalent brands) 18,778 kr
Laundry detergent (3 l. ~ 100 oz.) 1,784 kr
Hourly rate for cleaning help 3,586 kr
Clothes [Edit]
1 pair of jeans (Levis 501 or similar) 14,878 kr
1 summer dress in a High Street Store (Zara, H&M or similar retailers) 8,465 kr
1 pair of sport shoes (Nike, Adidas, or equivalent brands) 20,346 kr
1 pair of men’s leather business shoes 25,187 kr
Transportation [Edit]
Volkswagen Golf 1.4 TSI 150 CV (or equivalent), with no extras, new 3,470,000 kr
1 liter (1/4 gallon) of gas 202 kr
Monthly ticket public transport 11,767 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) 5,518 kr
1 box of 32 tampons (Tampax, OB, ...) 697 kr
Deodorant, roll-on (50ml ~ 1.5 oz.) 627 kr
Hair shampoo 2-in-1 (400 ml ~ 12 oz.) 984 kr
4 rolls of toilet paper 474 kr
Tube of toothpaste 402 kr
Standard men's haircut in expat area of the city 5,445 kr
Entertainment [Edit]
Basic dinner out for two in neighborhood pub 7,422 kr
2 tickets to the movies 3,184 kr
2 tickets to the theater (best available seats) 11,576 kr
Dinner for two at an Italian restaurant in the expat area including appetisers, main course, wine and dessert 15,320 kr
1 cocktail drink in downtown club 2,500 kr
Cappuccino in expat area of the city 594 kr
1 beer in neighbourhood pub (500ml or 1pt.) 1,042 kr
iPad Wi-Fi 128GB 78,246 kr
1 min. of prepaid mobile tariff (no discounts or plans) 19 kr
1 month of gym membership in business district 7,902 kr
1 package of Marlboro cigarettes 1,461 kr
These prices are based on abundant and consistent data. They are very reliable. They are based on 578 prices entered by 82 different people.
Latest price update: June 24, 2018.

Reykjavik position in our World Ranking

the world
5th
out of 346
western europe
3rd
out of 73

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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