Cost of Living in Iceland
Summary of cost of living in Iceland:
- A family of four estimated monthly costs are 708,114.4¥ (682,440.2kr) without rent.
- A single person estimated monthly costs are 190,664.9¥ (183,751.9kr) without rent.
- Cost of living in Iceland is, on average, 23.7% higher than in United States.
- Rent in Iceland is, on average, 0.0% higher than in United States.
Restaurants |  Edit |
Range |
|---|---|---|
| Meal, Inexpensive Restaurant | 3,112.86 ¥ | |
| Meal for 2 People, Mid-range Restaurant, Three-course | 17,179.27 ¥ | |
| McMeal at McDonalds (or Equivalent Combo Meal) | 2,490.29 ¥ | |
| Domestic Beer (1 pint draught) | 1,452.67 ¥ | |
| Imported Beer (12 oz small bottle) | 1,245.15 ¥ | |
| Cappuccino (regular) | 723.82 ¥ | |
| Coke/Pepsi (12 oz small bottle) | 433.08 ¥ | |
| Water (12 oz small bottle) | 315.23 ¥ | |
Markets | Edit |
|
| Milk (regular), (1 gallon) | 894.41 ¥ | |
| Loaf of Fresh White Bread (1 lb) | 447.82 ¥ | |
| Rice (white), (1 lb) | 197.56 ¥ | |
| Eggs (regular) (12) | 811.14 ¥ | |
| Local Cheese (1 lb) | 976.68 ¥ | |
| Chicken Fillets (1 lb) | 1,288.84 ¥ | |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) | 2,242.82 ¥ | |
| Apples (1 lb) | 185.00 ¥ | |
| Banana (1 lb) | 146.77 ¥ | |
| Oranges (1 lb) | 172.21 ¥ | |
| Tomato (1 lb) | 300.45 ¥ | |
| Potato (1 lb) | 202.25 ¥ | |
| Onion (1 lb) | 127.88 ¥ | |
| Lettuce (1 head) | 438.14 ¥ | |
| Water (1.5 liter bottle) | 292.18 ¥ | |
| Bottle of Wine (Mid-Range) | 3,112.86 ¥ | |
| Domestic Beer (0.5 liter bottle) | 460.34 ¥ | |
| Imported Beer (12 oz small bottle) | 386.39 ¥ | |
| Cigarettes 20 Pack (Marlboro) | 1,716.74 ¥ | |
Transportation | Edit |
|
| One-way Ticket (Local Transport) | 653.70 ¥ | |
| Monthly Pass (Regular Price) | 10,791.26 ¥ | |
| Taxi Start (Normal Tariff) | 767.84 ¥ | |
| Taxi 1 mile (Normal Tariff) | 541.04 ¥ | |
| Taxi 1hour Waiting (Normal Tariff) | 10,645.99 ¥ | |
| Gasoline (1 gallon) | 1,221.78 ¥ | |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) | 6,007,826.88 ¥ | |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) | 6,476,946.96 ¥ | |
Utilities (Monthly) | Edit |
|
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment | 13,818.55 ¥ | |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data | 3,568.47 ¥ | |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) | 10,369.22 ¥ | |
Sports And Leisure | Edit |
|
| Fitness Club, Monthly Fee for 1 Adult | 9,800.87 ¥ | |
| Tennis Court Rent (1 Hour on Weekend) | 4,465.81 ¥ | |
| Cinema, International Release, 1 Seat | 2,121.94 ¥ | |
Childcare | Edit |
|
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child | 38,036.43 ¥ | |
| International Primary School, Yearly for 1 Child | 805,453.47 ¥ | |
Clothing And Shoes | Edit |
|
| 1 Pair of Jeans (Levis 501 Or Similar) | 16,508.47 ¥ | |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) | 7,735.47 ¥ | |
| 1 Pair of Nike Running Shoes (Mid-Range) | 22,115.97 ¥ | |
| 1 Pair of Men Leather Business Shoes | 26,477.62 ¥ | |
Rent Per Month | Edit |
|
| Apartment (1 bedroom) in City Centre | 266,615.58 ¥ | |
| Apartment (1 bedroom) Outside of Centre | 240,094.02 ¥ | |
| Apartment (3 bedrooms) in City Centre | 375,856.05 ¥ | |
| Apartment (3 bedrooms) Outside of Centre | 338,799.05 ¥ | |
Buy Apartment Price | Edit |
|
| Price per Square Feet to Buy Apartment in City Centre | 78,744.59 ¥ | |
| Price per Square Feet to Buy Apartment Outside of Centre | 64,872.09 ¥ | |
Salaries And Financing | Edit |
|
| Average Monthly Net Salary (After Tax) | 618,618.85 ¥ | |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 7.92 |
Prices in Iceland
This country had 1713 entries in the past 12 months by 235 different contributors.
Last update: September 2024
Our data for each country are based on all entries from all cities in that country.
Last update: September 2024
Our data for each country are based on all entries from all cities in that country.
Sources and References
Moving to Iceland? Explore:
Distribution of Expenses Using Our Statistical Model:
This page in other languages:
 DeutschLebenshaltungskosten in Island
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 PortuguêsCusto de Vida na Islândia
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 ItalianoCosto della Vita in Islanda
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 FrançaisCoût de la Vie en Islande
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 EspañolCosto de Vida en Islandia
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