Cost of Living in Iceland
Summary:
- Family of four estimated monthly costs are 4,413.16$ (567,708.89kr) without rent.
- A single person estimated monthly costs are 1,197.20$ (154,008.13kr) without rent.
- Cost of living in Iceland is, on average, 35.26% higher than in United States.
- Rent in Iceland is, on average, 0.35% lower than in United States.
Restaurants |  Edit |
Range |
|---|---|---|
| Meal, Inexpensive Restaurant | 2,500.00 kr | |
| Meal for 2 People, Mid-range Restaurant, Three-course | 12,000.00 kr | |
| McMeal at McDonalds (or Equivalent Combo Meal) | 1,889.50 kr | |
| Domestic Beer (1 pint draught) | 1,200.00 kr | |
| Imported Beer (12 oz small bottle) | 1,000.00 kr | |
| Cappuccino (regular) | 585.41 kr | |
| Coke/Pepsi (12 oz small bottle) | 339.84 kr | |
| Water (12 oz small bottle) | 265.57 kr | |
Markets | Edit |
|
| Milk (regular), (1 gallon) | 683.26 kr | |
| Loaf of Fresh White Bread (1 lb) | 389.50 kr | |
| Rice (white), (1 lb) | 166.93 kr | |
| Eggs (regular) (12) | 689.07 kr | |
| Local Cheese (1 lb) | 810.96 kr | |
| Chicken Fillets (1 lb) | 931.05 kr | |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) | 1,514.53 kr | |
| Apples (1 lb) | 157.32 kr | |
| Banana (1 lb) | 138.21 kr | |
| Oranges (1 lb) | 144.20 kr | |
| Tomato (1 lb) | 252.44 kr | |
| Potato (1 lb) | 144.17 kr | |
| Onion (1 lb) | 79.13 kr | |
| Lettuce (1 head) | 317.59 kr | |
| Water (1.5 liter bottle) | 222.44 kr | |
| Bottle of Wine (Mid-Range) | 2,500.00 kr | |
| Domestic Beer (0.5 liter bottle) | 405.70 kr | |
| Imported Beer (12 oz small bottle) | 379.89 kr | |
| Cigarettes 20 Pack (Marlboro) | 1,500.00 kr | |
Transportation | Edit |
|
| One-way Ticket (Local Transport) | 480.00 kr | |
| Monthly Pass (Regular Price) | 12,900.00 kr | |
| Taxi Start (Normal Tariff) | 730.00 kr | |
| Taxi 1 mile (Normal Tariff) | 482.80 kr | |
| Taxi 1hour Waiting (Normal Tariff) | 7,920.00 kr | |
| Gasoline (1 gallon) | 911.26 kr | |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) | 3,800,000.00 kr | |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) | 4,259,473.68 kr | |
Utilities (Monthly) | Edit |
|
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment | 14,757.05 kr | |
| 1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans) | 20.57 kr | |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) | 9,307.02 kr | |
Sports And Leisure | Edit |
|
| Fitness Club, Monthly Fee for 1 Adult | 7,578.82 kr | |
| Tennis Court Rent (1 Hour on Weekend) | 4,625.77 kr | |
| Cinema, International Release, 1 Seat | 1,680.00 kr | |
Childcare | Edit |
|
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child | 37,150.50 kr | |
| International Primary School, Yearly for 1 Child | 679,500.00 kr | |
Clothing And Shoes | Edit |
|
| 1 Pair of Jeans (Levis 501 Or Similar) | 14,986.33 kr | |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) | 7,509.05 kr | |
| 1 Pair of Nike Running Shoes (Mid-Range) | 19,631.61 kr | |
| 1 Pair of Men Leather Business Shoes | 23,936.67 kr | |
Rent Per Month | Edit |
|
| Apartment (1 bedroom) in City Centre | 180,263.16 kr | |
| Apartment (1 bedroom) Outside of Centre | 152,952.84 kr | |
| Apartment (3 bedrooms) in City Centre | 264,871.79 kr | |
| Apartment (3 bedrooms) Outside of Centre | 234,125.00 kr | |
Buy Apartment Price | Edit |
|
| Price per Square Feet to Buy Apartment in City Centre | 54,485.86 kr | |
| Price per Square Feet to Buy Apartment Outside of Centre | 42,799.65 kr | |
Salaries And Financing | Edit |
|
| Average Monthly Net Salary (After Tax) | 411,900.69 kr | |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 4.89 |
Prices in Iceland
This country had 881 entries in the past 12 months by 95 different contributors.
Last update: January 2022
Our data for each country are based on all entries from all cities in that country.
Last update: January 2022
Our data for each country are based on all entries from all cities in that country.
Sources and References
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This page in other languages:
DeutschLebenshaltungskosten in Island
PortuguêsCusto de Vida na Islândia
ItalianoCosto della Vita in Islanda
FrançaisCoût de la Vie en Islande
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