Cost of living in Reykjavik, Iceland

List of prices in Reykjavik, Iceland. Current as of Jun 2019.

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Exchange rate: 0.01062 CAD / ISK
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Food [Edit]
ISK CAD
Basic lunchtime menu (including a drink) in the business district 2,578 kr (C$27)
Combo meal in fast food restaurant (Big Mac Meal or similar) 1,791 kr (C$19)
500 gr (1 lb.) of boneless chicken breast 1,159 kr (C$12)
1 liter (1 qt.) of whole fat milk 159 kr (C$1.69)
12 eggs, large 795 kr (C$8)
1 kg (2 lb.) of tomatoes 536 kr (C$5.70)
500 gr (16 oz.) of local cheese 1,223 kr (C$13)
1 kg (2 lb.) of apples 453 kr (C$4.80)
1 kg (2 lb.) of potatoes 353 kr (C$3.75)
0.5 l (16 oz) domestic beer in the supermarket 399 kr (C$4.23)
1 bottle of red table wine, good quality 2,901 kr (C$31)
2 liters of Coca-Cola 296 kr (C$3.14)
Bread for 2 people for 1 day 332 kr (C$3.52)
Housing [Edit]
ISK CAD
Monthly rent for 85 m2 (900 Sqft) furnished accommodation in EXPENSIVE area 273,196 kr (C$2,900)
Monthly rent for 85 m2 (900 Sqft) furnished accommodation in NORMAL area 241,524 kr (C$2,564)
Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat 17,186 kr (C$182)
Monthly rent for a 45 m2 (480 Sqft) furnished studio in EXPENSIVE area 214,487 kr (C$2,277)
Monthly rent for a 45 m2 (480 Sqft) furnished studio in NORMAL area 169,607 kr (C$1,801)
Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 Sqft) studio 11,102 kr (C$118)
Internet 8 Mbps (1 month) 6,468 kr (C$69)
40” flat screen TV 85,379 kr (C$906)
Microwave 800/900 Watt (Bosch, Panasonic, LG, Sharp, or equivalent brands) 22,343 kr (C$237)
Laundry detergent (3 l. ~ 100 oz.) 1,911 kr (C$20)
Hourly rate for cleaning help 3,878 kr (C$41)
Clothes [Edit]
ISK CAD
1 pair of jeans (Levis 501 or similar) 16,589 kr (C$176)
1 summer dress in a High Street Store (Zara, H&M or similar retailers) 8,742 kr (C$93)
1 pair of sport shoes (Nike, Adidas, or equivalent brands) 18,586 kr (C$197)
1 pair of men’s leather business shoes 26,525 kr (C$282)
Transportation [Edit]
ISK CAD
Volkswagen Golf 1.4 TSI 150 CV (or equivalent), with no extras, new 3,591,100 kr (C$38,126)
1 liter (1/4 gallon) of gas 222 kr (C$2.36)
Monthly ticket public transport 11,225 kr (C$119)
Taxi trip on a business day, basic tariff, 8 km. (5 miles) 3,312 kr (C$35)
Personal Care [Edit]
ISK CAD
Cold medicine for 6 days (Tylenol, Frenadol, Coldrex, or equivalent brands) 1,353 kr (C$14)
1 box of antibiotics (12 doses) 1,851 kr (C$20)
Short visit to private Doctor (15 minutes) 5,045 kr (C$54)
1 box of 32 tampons (Tampax, OB, ...) 678 kr (C$7)
Deodorant, roll-on (50ml ~ 1.5 oz.) 658 kr (C$7)
Hair shampoo 2-in-1 (400 ml ~ 12 oz.) 1,089 kr (C$12)
4 rolls of toilet paper 457 kr (C$4.85)
Tube of toothpaste 393 kr (C$4.18)
Standard men's haircut in expat area of the city 5,649 kr (C$60)
Entertainment [Edit]
ISK CAD
Basic dinner out for two in neighborhood pub 6,614 kr (C$70)
2 tickets to the movies 3,031 kr (C$32)
2 tickets to the theater (best available seats) 11,427 kr (C$121)
Dinner for two at an Italian restaurant in the expat area including appetisers, main course, wine and dessert 11,482 kr (C$122)
1 cocktail drink in downtown club 2,451 kr (C$26)
Cappuccino in expat area of the city 671 kr (C$7)
1 beer in neighbourhood pub (500ml or 1pt.) 1,147 kr (C$12)
iPad Wi-Fi 128GB 86,522 kr (C$919)
1 min. of prepaid mobile tariff (no discounts or plans) 20 kr (C$0.21)
1 month of gym membership in business district 8,368 kr (C$89)
1 package of Marlboro cigarettes 1,429 kr (C$15)
These prices are based on abundant and consistent data. They are very reliable. They are based on 436 prices entered by 54 different people.
Latest price update: June 24, 2019

Reykjavik position in our World Ranking

the world
13th
out of 322
western europe
7th
out of 73

Cheapest and most expensive products in Reykjavik compared to other cities:

the world
1st
the world
1st
the world
2nd
the world
3rd
the world
3rd
the world
3rd

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