Cost of living in Reykjavik, Iceland

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Food [Edit]
Basic lunchtime menu (including a drink) in the business district 2,595 kr
Combo meal in fast food restaurant (Big Mac Meal or similar) 1,671 kr
500 gr (1 lb.) of boneless chicken breast 1,228 kr
1 liter (1 qt.) of whole fat milk 189 kr
12 eggs, large 805 kr
1 kg (2 lb.) of tomatoes 436 kr
500 gr (16 oz.) of local cheese 1,379 kr
1 kg (2 lb.) of apples 360 kr
1 kg (2 lb.) of potatoes 273 kr
0.5 l (16 oz) domestic beer in the supermarket 368 kr
1 bottle of red table wine, good quality 2,386 kr
2 liters of Coca-Cola 275 kr
Bread for 2 people for 1 day 341 kr
Housing [Edit]
Monthly rent for 85 m2 (900 Sqft) furnished accommodation in EXPENSIVE area 264,367 kr
Monthly rent for 85 m2 (900 Sqft) furnished accommodation in NORMAL area 205,485 kr
Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat 12,259 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 137,596 kr
Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 Sqft) studio 7,530 kr
Internet 8 Mbps (1 month) 6,391 kr
40” flat screen TV 87,599 kr
Microwave 800/900 Watt (Bosch, Panasonic, LG, Sharp, or equivalent brands) 18,780 kr
Laundry detergent (3 l. ~ 100 oz.) 1,831 kr
Hourly rate for cleaning help 3,261 kr
Clothes [Edit]
1 pair of jeans (Levis 501 or similar) 15,289 kr
1 summer dress in a High Street Store (Zara, H&M or similar retailers) 8,625 kr
1 pair of sport shoes (Nike, Adidas, or equivalent brands) 19,567 kr
1 pair of men’s leather business shoes 23,682 kr
Transportation [Edit]
Volkswagen Golf 1.4 TSI 150 CV (or equivalent), with no extras, new 3,453,550 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) 2,130 kr
Short visit to private Doctor (15 minutes) 4,456 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 5,027 kr
Entertainment [Edit]
Basic dinner out for two in neighborhood pub 6,000 kr
2 tickets to the movies 3,106 kr
2 tickets to the theater (best available seats) 8,997 kr
Dinner for two at an Italian restaurant in the expat area including appetisers, main course, wine and dessert 13,306 kr
1 cocktail drink in downtown club 2,191 kr
Cappuccino in expat area of the city 588 kr
1 beer in neighbourhood pub (500ml or 1pt.) 1,050 kr
iPad Air 2, 64GB 106,024 kr
1 min. of prepaid mobile tariff (no discounts or plans) 20 kr
1 month of gym membership in business district 8,321 kr
1 package of Marlboro cigarettes 1,253 kr
These prices are based on abundant and consistent data. They are very reliable. They are based on 585 prices entered by 80 different people.
Latest price update: September 20, 2017.

Reykjavik position in our World Ranking

the world
5th
out of 318
western europe
3rd
out of 61

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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