Cost of Living in Iceland
Summary of cost of living in Iceland:
- A family of four estimated monthly costs are 52,199.7kr (679,674.8kr) without rent.
- A single person estimated monthly costs are 14,060.0kr (183,070.1kr) without rent.
- Cost of living in Iceland is, on average, 24.7% higher than in United States.
- Rent in Iceland is, on average, 0.9% higher than in United States.
Restaurants |  Edit |
Range |
|---|---|---|
| Meal, Inexpensive Restaurant | 230.40 kr | |
| Meal for 2 People, Mid-range Restaurant, Three-course | 1,228.82 kr | |
| McMeal at McDonalds (or Equivalent Combo Meal) | 184.32 kr | |
| Domestic Beer (1 pint draught) | 107.52 kr | |
| Imported Beer (12 oz small bottle) | 92.16 kr | |
| Cappuccino (regular) | 53.37 kr | |
| Coke/Pepsi (12 oz small bottle) | 32.09 kr | |
| Water (12 oz small bottle) | 23.15 kr | |
Markets | Edit |
|
| Milk (regular), (1 gallon) | 66.18 kr | |
| Loaf of Fresh White Bread (1 lb) | 33.15 kr | |
| Rice (white), (1 lb) | 14.86 kr | |
| Eggs (regular) (12) | 60.48 kr | |
| Local Cheese (1 lb) | 72.02 kr | |
| Chicken Fillets (1 lb) | 95.40 kr | |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) | 166.01 kr | |
| Apples (1 lb) | 13.97 kr | |
| Banana (1 lb) | 10.86 kr | |
| Oranges (1 lb) | 12.74 kr | |
| Tomato (1 lb) | 22.24 kr | |
| Potato (1 lb) | 15.10 kr | |
| Onion (1 lb) | 9.46 kr | |
| Lettuce (1 head) | 32.43 kr | |
| Water (1.5 liter bottle) | 21.61 kr | |
| Bottle of Wine (Mid-Range) | 230.40 kr | |
| Domestic Beer (0.5 liter bottle) | 34.57 kr | |
| Imported Beer (12 oz small bottle) | 28.60 kr | |
| Cigarettes 20 Pack (Marlboro) | 127.07 kr | |
Transportation | Edit |
|
| One-way Ticket (Local Transport) | 48.38 kr | |
| Monthly Pass (Regular Price) | 798.73 kr | |
| Taxi Start (Normal Tariff) | 56.06 kr | |
| Taxi 1 mile (Normal Tariff) | 40.05 kr | |
| Taxi 1hour Waiting (Normal Tariff) | 787.98 kr | |
| Gasoline (1 gallon) | 90.41 kr | |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) | 444,678.06 kr | |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) | 479,400.67 kr | |
Utilities (Monthly) | Edit |
|
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment | 1,021.99 kr | |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data | 264.13 kr | |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) | 767.14 kr | |
Sports And Leisure | Edit |
|
| Fitness Club, Monthly Fee for 1 Adult | 726.95 kr | |
| Tennis Court Rent (1 Hour on Weekend) | 330.54 kr | |
| Cinema, International Release, 1 Seat | 157.06 kr | |
Childcare | Edit |
|
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child | 2,815.32 kr | |
| International Primary School, Yearly for 1 Child | 59,616.81 kr | |
Clothing And Shoes | Edit |
|
| 1 Pair of Jeans (Levis 501 Or Similar) | 1,227.84 kr | |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) | 572.55 kr | |
| 1 Pair of Nike Running Shoes (Mid-Range) | 1,636.95 kr | |
| 1 Pair of Men Leather Business Shoes | 1,959.78 kr | |
Rent Per Month | Edit |
|
| Apartment (1 bedroom) in City Centre | 19,733.94 kr | |
| Apartment (1 bedroom) Outside of Centre | 17,770.91 kr | |
| Apartment (3 bedrooms) in City Centre | 27,819.53 kr | |
| Apartment (3 bedrooms) Outside of Centre | 25,076.71 kr | |
Buy Apartment Price | Edit |
|
| Price per Square Feet to Buy Apartment in City Centre | 5,828.40 kr | |
| Price per Square Feet to Buy Apartment Outside of Centre | 4,799.69 kr | |
Salaries And Financing | Edit |
|
| Average Monthly Net Salary (After Tax) | 45,532.25 kr | |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 7.92 |
Prices in Iceland
This country had 1742 entries in the past 12 months by 238 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
|
 PortuguêsCusto de Vida na Islândia
|
 ItalianoCosto della Vita in Islanda
|
 FrançaisCoût de la Vie en Islande
|
 EspañolCosto de Vida en Islandia
|