Cost of living in Reykjavik, Iceland

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Food [Edit]
Basic lunchtime menu (including a drink) in the business district 2,314 kr
Combo meal in fast food restaurant (Big Mac Meal or similar) 1,616 kr
500 gr (1 lb.) of boneless chicken breast 1,164 kr
1 liter (1 qt.) of whole fat milk 177 kr
12 eggs, large 787 kr
1 kg (2 lb.) of tomatoes 444 kr
500 gr (16 oz.) of local cheese 923 kr
1 kg (2 lb.) of apples 361 kr
1 kg (2 lb.) of potatoes 326 kr
0.5 l (16 oz) domestic beer in the supermarket 353 kr
1 bottle of red table wine, good quality 2,708 kr
2 liters of Coca-Cola 288 kr
Bread for 2 people for 1 day 335 kr
Housing [Edit]
Monthly rent for 85 m2 (900 Sqft) furnished accommodation in EXPENSIVE area 257,875 kr
Monthly rent for 85 m2 (900 Sqft) furnished accommodation in NORMAL area 196,982 kr
Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat 11,705 kr
Monthly rent for a 45 m2 (480 Sqft) furnished studio in EXPENSIVE area 182,500 kr
Monthly rent for a 45 m2 (480 Sqft) furnished studio in NORMAL area 130,932 kr
Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 Sqft) studio 7,024 kr
Internet 8 Mbps (1 month) 6,780 kr
40” flat screen TV 111,818 kr
Microwave 800/900 Watt (Bosch, Panasonic, LG, Sharp, or equivalent brands) 19,189 kr
Laundry detergent (3 l. ~ 100 oz.) 1,584 kr
Hourly rate for cleaning help 2,823 kr
Clothes [Edit]
1 pair of jeans (Levis 501 or similar) 17,585 kr
1 summer dress in a High Street Store (Zara, H&M or similar retailers) 9,084 kr
1 pair of sport shoes (Nike, Adidas, or equivalent brands) 21,376 kr
1 pair of men’s leather business shoes 27,517 kr
Transportation [Edit]
Volkswagen Golf 1.4 TSI 150 CV (or equivalent), with no extras, new 3,444,970 kr
1 liter (1/4 gallon) of gas 197 kr
Monthly ticket public transport 11,256 kr
Taxi trip on a business day, basic tariff, 8 km. (5 miles) 3,263 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.) 625 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 4,819 kr
Entertainment [Edit]
Basic dinner out for two in neighborhood pub 5,846 kr
2 tickets to the movies 2,799 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 12,282 kr
1 cocktail drink in downtown club 1,913 kr
Cappuccino in expat area of the city 520 kr
1 beer in neighbourhood pub (500ml or 1pt.) 1,013 kr
iPod nano 16GB 42,792 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 1,226 kr
These prices are based on abundant and consistent data. They are very reliable. They are based on 387 prices entered by 75 different people.
Latest price update: May 28, 2017.

Reykjavik position in our World Ranking

the world
4th
out of 236
western europe
3rd
out of 51

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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Volkswagen Golf 1.4 TSI 150 CV (or equivalent), with no extras, new

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Recent Prices Added

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