Cost of Living in Iceland

Summary of cost of living in Iceland:

A family of four estimated monthly costs are 20,182.3zł (687,038.2kr) without rent.
A single person estimated monthly costs are 5,408.4zł (184,109.7kr) without rent.
Cost of living in Iceland is, on average, 24.7% higher than in United States.
Rent in Iceland is, on average, 1.1% higher than in United States.

Restaurants	Edit	Range
Meal, Inexpensive Restaurant	88.13 zł	58.46-149.22
Meal for 2 People, Mid-range Restaurant, Three-course	498.80 zł	293.76-881.27
McMeal at McDonalds (or Equivalent Combo Meal)	73.15 zł	59.31-85.19
Domestic Beer (1 pint draught)	41.86 zł	29.38-52.88
Imported Beer (12 oz small bottle)	35.25 zł	24.97-51.16
Cappuccino (regular)	20.58 zł	12.26-28.61
Coke/Pepsi (12 oz small bottle)	12.03 zł	8.23-14.92
Water (12 oz small bottle)	8.96 zł	6.46-14.10
Markets	Edit
Milk (regular), (1 gallon)	25.50 zł	18.90-38.92
Loaf of Fresh White Bread (1 lb)	12.88 zł	7.50-24.20
Rice (white), (1 lb)	5.66 zł	3.85-8.65
Eggs (regular) (12)	23.40 zł	17.63-28.20
Local Cheese (1 lb)	28.50 zł	15.99-39.97
Chicken Fillets (1 lb)	36.91 zł	19.99-49.29
Beef Round (1 lb) (or Equivalent Back Leg Red Meat)	63.78 zł	35.96-93.27
Apples (1 lb)	5.49 zł	3.46-9.98
Banana (1 lb)	4.12 zł	3.33-7.33
Oranges (1 lb)	4.85 zł	3.60-9.99
Tomato (1 lb)	8.58 zł	4.09-11.99
Potato (1 lb)	5.99 zł	3.32-7.98
Onion (1 lb)	3.49 zł	2.12-6.93
Lettuce (1 head)	12.43 zł	6.61-20.56
Water (1.5 liter bottle)	8.53 zł	3.67-14.69
Bottle of Wine (Mid-Range)	88.13 zł	58.75-132.19
Domestic Beer (0.5 liter bottle)	13.08 zł	10.28-17.63
Imported Beer (12 oz small bottle)	11.06 zł	7.64-14.98
Cigarettes 20 Pack (Marlboro)	49.91 zł	44.06-55.52
Transportation	Edit
One-way Ticket (Local Transport)	18.51 zł	16.16-19.09
Monthly Pass (Regular Price)	305.51 zł	273.19-317.26
Taxi Start (Normal Tariff)	22.77 zł	21.44-29.38
Taxi 1 mile (Normal Tariff)	15.32 zł	13.52-21.37
Taxi 1hour Waiting (Normal Tariff)	311.97 zł	274.96-352.51
Gasoline (1 gallon)	34.53 zł	29.23-37.25
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car)	173,023.25 zł	170,085.67-181,835.98
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car)	186,091.79 zł	176,225.21-205,630.35
Utilities (Monthly)	Edit
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment	350.61 zł	205.63-734.39
Mobile Phone Monthly Plan with Calls and 10GB+ Data	102.08 zł	76.38-146.88
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL)	280.17 zł	190.94-411.26
Sports And Leisure	Edit
Fitness Club, Monthly Fee for 1 Adult	288.32 zł	205.63-440.64
Tennis Court Rent (1 Hour on Weekend)	126.43 zł	76.38-220.32
Cinema, International Release, 1 Seat	60.07 zł	49.94-70.50
Childcare	Edit
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child	1,110.51 zł	910.65-1,468.79
International Primary School, Yearly for 1 Child	22,802.94 zł	17,919.22-36,719.70
Clothing And Shoes	Edit
1 Pair of Jeans (Levis 501 Or Similar)	474.26 zł	240.88-646.27
1 Summer Dress in a Chain Store (Zara, H&M, ...)	211.65 zł	111.63-440.64
1 Pair of Nike Running Shoes (Mid-Range)	629.37 zł	323.13-866.59
1 Pair of Men Leather Business Shoes	798.45 zł	452.39-1,145.65
Rent Per Month	Edit
Apartment (1 bedroom) in City Centre	7,733.60 zł	5,875.15-9,987.76
Apartment (1 bedroom) Outside of Centre	6,860.10 zł	5,287.64-8,812.73
Apartment (3 bedrooms) in City Centre	11,004.90 zł	8,812.73-13,953.49
Apartment (3 bedrooms) Outside of Centre	9,735.31 zł	7,931.46-11,750.31
Buy Apartment Price	Edit
Price per Square Feet to Buy Apartment in City Centre	2,261.41 zł	1,910.35-2,729.08
Price per Square Feet to Buy Apartment Outside of Centre	1,890.40 zł	1,400.02-2,428.88
Salaries And Financing	Edit
Average Monthly Net Salary (After Tax)	17,277.66 zł
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate	8.30	4.25-11.00

Prices in Iceland

This country had 1845 entries in the past 12 months by 256 different contributors.
Last update: December 2024
Our data for each country are based on all entries from all cities in that country.

Sources and References