Cost of Living in Iceland
Summary:
- Family of four estimated monthly costs are 4,555.54$ (575,046.13kr) without rent.
- A single person estimated monthly costs are 1,233.74$ (155,735.60kr) without rent.
- Cost of living in Iceland is, on average, 40.44% higher than in United States.
- Rent in Iceland is, on average, 8.32% higher than in United States.
Restaurants |  Edit |
Range |
|---|---|---|
| Meal, Inexpensive Restaurant | 2,500.00 kr | |
| Meal for 2 People, Mid-range Restaurant, Three-course | 13,000.00 kr | |
| McMeal at McDonalds (or Equivalent Combo Meal) | 1,800.00 kr | |
| Domestic Beer (1 pint draught) | 1,200.00 kr | |
| Imported Beer (12 oz small bottle) | 1,000.00 kr | |
| Cappuccino (regular) | 576.35 kr | |
| Coke/Pepsi (12 oz small bottle) | 348.63 kr | |
| Water (12 oz small bottle) | 266.40 kr | |
Markets | Edit |
|
| Milk (regular), (1 gallon) | 658.40 kr | |
| Loaf of Fresh White Bread (1 lb) | 389.08 kr | |
| Rice (white), (1 lb) | 166.21 kr | |
| Eggs (regular) (12) | 699.74 kr | |
| Local Cheese (1 lb) | 759.88 kr | |
| Chicken Fillets (1 lb) | 925.21 kr | |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) | 1,571.96 kr | |
| Apples (1 lb) | 158.10 kr | |
| Banana (1 lb) | 134.78 kr | |
| Oranges (1 lb) | 142.94 kr | |
| Tomato (1 lb) | 260.39 kr | |
| Potato (1 lb) | 147.63 kr | |
| Onion (1 lb) | 80.38 kr | |
| Lettuce (1 head) | 319.24 kr | |
| Water (1.5 liter bottle) | 236.95 kr | |
| Bottle of Wine (Mid-Range) | 2,600.00 kr | |
| Domestic Beer (0.5 liter bottle) | 407.21 kr | |
| Imported Beer (12 oz small bottle) | 383.88 kr | |
| Cigarettes 20 Pack (Marlboro) | 1,500.00 kr | |
Transportation | Edit |
|
| One-way Ticket (Local Transport) | 480.00 kr | |
| Monthly Pass (Regular Price) | 12,800.00 kr | |
| Taxi Start (Normal Tariff) | 695.00 kr | |
| Taxi 1 mile (Normal Tariff) | 506.94 kr | |
| Taxi 1hour Waiting (Normal Tariff) | 7,920.00 kr | |
| Gasoline (1 gallon) | 855.28 kr | |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) | 3,790,000.00 kr | |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) | 4,284,400.00 kr | |
Utilities (Monthly) | Edit |
|
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment | 14,573.61 kr | |
| 1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans) | 20.85 kr | |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) | 8,701.27 kr | |
Sports And Leisure | Edit |
|
| Fitness Club, Monthly Fee for 1 Adult | 7,620.93 kr | |
| Tennis Court Rent (1 Hour on Weekend) | 4,538.46 kr | |
| Cinema, International Release, 1 Seat | 1,645.00 kr | |
Childcare | Edit |
|
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child | 35,605.68 kr | |
| International Primary School, Yearly for 1 Child | 679,500.00 kr | |
Clothing And Shoes | Edit |
|
| 1 Pair of Jeans (Levis 501 Or Similar) | 15,352.00 kr | |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) | 7,354.97 kr | |
| 1 Pair of Nike Running Shoes (Mid-Range) | 19,652.12 kr | |
| 1 Pair of Men Leather Business Shoes | 24,048.24 kr | |
Rent Per Month | Edit |
|
| Apartment (1 bedroom) in City Centre | 184,111.11 kr | |
| Apartment (1 bedroom) Outside of Centre | 154,864.81 kr | |
| Apartment (3 bedrooms) in City Centre | 279,666.67 kr | |
| Apartment (3 bedrooms) Outside of Centre | 243,050.00 kr | |
Buy Apartment Price | Edit |
|
| Price per Square Feet to Buy Apartment in City Centre | 52,853.49 kr | |
| Price per Square Feet to Buy Apartment Outside of Centre | 40,759.74 kr | |
Salaries And Financing | Edit |
|
| Average Monthly Net Salary (After Tax) | 414,413.01 kr | |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 5.30 |
Prices in Iceland
This country had 1311 entries in the past 12 months by 142 different contributors.
Last update: July 2021
Our data for each country are based on all entries from all cities in that country.
Last update: July 2021
Our data for each country are based on all entries from all cities in that country.
Sources and References
Moving to Iceland? Explore:
This page in other languages:
DeutschLebenshaltungskosten in Island
PortuguêsCusto de Vida na Islândia
ItalianoCosto della Vita in Islanda
FrançaisCoût de la Vie en Islande
EspañolCosto de Vida en Islandia