Cost of Living in Iceland
Summary of cost of living in Iceland:
- A family of four estimated monthly costs are 760,124.9¥ (686,013.1kr) without rent.
- A single person estimated monthly costs are 204,014.6¥ (184,123.2kr) without rent.
- Cost of living in Iceland is, on average, 23.3% higher than in United States.
- Rent in Iceland is, on average, 0.0% lower than in United States.
Restaurants |  Edit |
Range |
|---|---|---|
| Meal, Inexpensive Restaurant | 3,324.10 ¥ | |
| Meal for 2 People, Mid-range Restaurant, Three-course | 18,572.40 ¥ | |
| McMeal at McDonalds (or Equivalent Combo Meal) | 2,759.00 ¥ | |
| Domestic Beer (1 pint draught) | 1,606.65 ¥ | |
| Imported Beer (12 oz small bottle) | 1,329.64 ¥ | |
| Cappuccino (regular) | 778.56 ¥ | |
| Coke/Pepsi (12 oz small bottle) | 458.28 ¥ | |
| Water (12 oz small bottle) | 340.13 ¥ | |
Markets | Edit |
|
| Milk (regular), (1 gallon) | 964.81 ¥ | |
| Loaf of Fresh White Bread (1 lb) | 482.78 ¥ | |
| Rice (white), (1 lb) | 213.13 ¥ | |
| Eggs (regular) (12) | 882.69 ¥ | |
| Local Cheese (1 lb) | 1,068.40 ¥ | |
| Chicken Fillets (1 lb) | 1,383.51 ¥ | |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) | 2,380.74 ¥ | |
| Apples (1 lb) | 205.09 ¥ | |
| Banana (1 lb) | 156.41 ¥ | |
| Oranges (1 lb) | 184.43 ¥ | |
| Tomato (1 lb) | 320.15 ¥ | |
| Potato (1 lb) | 221.72 ¥ | |
| Onion (1 lb) | 131.75 ¥ | |
| Lettuce (1 head) | 468.90 ¥ | |
| Water (1.5 liter bottle) | 322.00 ¥ | |
| Bottle of Wine (Mid-Range) | 3,324.10 ¥ | |
| Domestic Beer (0.5 liter bottle) | 493.43 ¥ | |
| Imported Beer (12 oz small bottle) | 417.04 ¥ | |
| Cigarettes 20 Pack (Marlboro) | 1,860.39 ¥ | |
Transportation | Edit |
|
| One-way Ticket (Local Transport) | 698.06 ¥ | |
| Monthly Pass (Regular Price) | 11,523.54 ¥ | |
| Taxi Start (Normal Tariff) | 836.56 ¥ | |
| Taxi 1 mile (Normal Tariff) | 577.76 ¥ | |
| Taxi 1hour Waiting (Normal Tariff) | 11,767.31 ¥ | |
| Gasoline (1 gallon) | 1,301.88 ¥ | |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) | 6,415,509.02 ¥ | |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) | 6,916,462.89 ¥ | |
Utilities (Monthly) | Edit |
|
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment | 13,866.45 ¥ | |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data | 3,840.44 ¥ | |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) | 10,798.86 ¥ | |
Sports And Leisure | Edit |
|
| Fitness Club, Monthly Fee for 1 Adult | 10,582.78 ¥ | |
| Tennis Court Rent (1 Hour on Weekend) | 5,187.44 ¥ | |
| Cinema, International Release, 1 Seat | 2,265.93 ¥ | |
Childcare | Edit |
|
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child | 42,164.80 ¥ | |
| International Primary School, Yearly for 1 Child | 860,110.34 ¥ | |
Clothing And Shoes | Edit |
|
| 1 Pair of Jeans (Levis 501 Or Similar) | 18,046.90 ¥ | |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) | 8,745.15 ¥ | |
| 1 Pair of Nike Running Shoes (Mid-Range) | 23,876.00 ¥ | |
| 1 Pair of Men Leather Business Shoes | 30,217.56 ¥ | |
Rent Per Month | Edit |
|
| Apartment (1 bedroom) in City Centre | 291,054.10 ¥ | |
| Apartment (1 bedroom) Outside of Centre | 258,595.27 ¥ | |
| Apartment (3 bedrooms) in City Centre | 411,287.87 ¥ | |
| Apartment (3 bedrooms) Outside of Centre | 366,154.42 ¥ | |
Buy Apartment Price | Edit |
|
| Price per Square Feet to Buy Apartment in City Centre | 86,065.74 ¥ | |
| Price per Square Feet to Buy Apartment Outside of Centre | 70,503.51 ¥ | |
Salaries And Financing | Edit |
|
| Average Monthly Net Salary (After Tax) | 652,299.06 ¥ | |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 8.16 |
Prices in Iceland
This country had 1860 entries in the past 12 months by 256 different contributors.
Last update: November 2024
Our data for each country are based on all entries from all cities in that country.
Last update: November 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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