Cost of Living in Reykjavik
Summary of cost of living in Reykjavik, Iceland:
- A family of four estimated monthly costs are 5,074.0$ (708,179.1kr) without rent (using our estimator).
- A single person estimated monthly costs are 1,352.0$ (188,701.2kr) without rent.
- Reykjavik is 23.5% more expensive than Columbus (without rent, see our cost of living index).
- Rent in Reykjavik is, on average, 14.1% higher than in Columbus.
Restaurants |  Edit |
Range |
|---|---|---|
| Meal, Inexpensive Restaurant | 2,945.00 kr | |
| Meal for 2 People, Mid-range Restaurant, Three-course | 19,500.00 kr | |
| McMeal at McDonalds (or Equivalent Combo Meal) | 2,500.00 kr | |
| Domestic Beer (1 pint draught) | 1,500.00 kr | |
| Imported Beer (12 oz small bottle) | 1,300.00 kr | |
| Cappuccino (regular) | 736.95 kr | |
| Coke/Pepsi (12 oz small bottle) | 424.50 kr | |
| Water (12 oz small bottle) | 300.71 kr | |
Markets | Edit |
|
| Milk (regular), (1 gallon) | 874.79 kr | |
| Loaf of Fresh White Bread (1 lb) | 458.94 kr | |
| Rice (white), (1 lb) | 193.17 kr | |
| Eggs (regular) (12) | 807.15 kr | |
| Local Cheese (1 lb) | 982.43 kr | |
| Chicken Fillets (1 lb) | 1,286.04 kr | |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) | 2,214.11 kr | |
| Apples (1 lb) | 189.21 kr | |
| Banana (1 lb) | 140.05 kr | |
| Oranges (1 lb) | 175.41 kr | |
| Tomato (1 lb) | 309.29 kr | |
| Potato (1 lb) | 201.74 kr | |
| Onion (1 lb) | 132.99 kr | |
| Lettuce (1 head) | 422.88 kr | |
| Water (1.5 liter bottle) | 287.08 kr | |
| Bottle of Wine (Mid-Range) | 3,000.00 kr | |
| Domestic Beer (0.5 liter bottle) | 443.52 kr | |
| Imported Beer (12 oz small bottle) | 375.65 kr | |
| Cigarettes 20 Pack (Marlboro) | 1,679.00 kr | |
Transportation | Edit |
|
| One-way Ticket (Local Transport) | 630.00 kr | |
| Monthly Pass (Regular Price) | 10,400.00 kr | |
| Taxi Start (Normal Tariff) | 775.00 kr | |
| Taxi 1 mile (Normal Tariff) | 521.43 kr | |
| Taxi 1hour Waiting (Normal Tariff) | 10,620.00 kr | |
| Gasoline (1 gallon) | 1,175.25 kr | |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) | 5,945,000.00 kr | |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) | 6,334,875.00 kr | |
Utilities (Monthly) | Edit |
|
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment | 9,940.72 kr | |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data | 3,394.76 kr | |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) | 9,438.30 kr | |
Sports And Leisure | Edit |
|
| Fitness Club, Monthly Fee for 1 Adult | 9,873.81 kr | |
| Tennis Court Rent (1 Hour on Weekend) | 4,312.50 kr | |
| Cinema, International Release, 1 Seat | 2,047.50 kr | |
Childcare | Edit |
|
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child | 35,078.18 kr | |
| International Primary School, Yearly for 1 Child | 776,250.00 kr | |
Clothing And Shoes | Edit |
|
| 1 Pair of Jeans (Levis 501 Or Similar) | 15,679.90 kr | |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) | 7,368.08 kr | |
| 1 Pair of Nike Running Shoes (Mid-Range) | 21,131.59 kr | |
| 1 Pair of Men Leather Business Shoes | 27,314.21 kr | |
Rent Per Month | Edit |
|
| Apartment (1 bedroom) in City Centre | 275,038.46 kr | |
| Apartment (1 bedroom) Outside of Centre | 251,041.67 kr | |
| Apartment (3 bedrooms) in City Centre | 394,083.33 kr | |
| Apartment (3 bedrooms) Outside of Centre | 347,181.82 kr | |
Buy Apartment Price | Edit |
|
| Price per Square Feet to Buy Apartment in City Centre | 80,618.52 kr | |
| Price per Square Feet to Buy Apartment Outside of Centre | 67,581.03 kr | |
Salaries And Financing | Edit |
|
| Average Monthly Net Salary (After Tax) | 519,961.08 kr | |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 8.73 |
Prices in Reykjavik
This city had 1525 entries in the past 12 months by 203 different contributors.
Last update: December 2024
Last update: December 2024
Sources and References
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Distribution of Expenses Using Our Statistical Model:
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Nearby cities:| Cost of Living in Hafnarfjörður (Hafnarfjorour) | 6.29 miles |
| Cost of Living in Akranes | 29.20 miles |
| Cost of Living in Grindavik | 31.33 miles |
| Cost of Living in Grundarfjordur | 108.80 miles |
| Cost of Living in Kirkjubaejarklaustur | 159.08 miles |
| Cost of Living in Hofsos | 210.99 miles |
This page in other languages:
 DeutschLebenshaltungskosten in Reykjavik
|
 PortuguêsCusto de Vida em Reykjavík
|
 ItalianoCosto della Vita a Reykjavik
|
 FrançaisCoût de la Vie à Reykjavik
|
 EspañolCosto de Vida en Reikiavik
|
Primary schools in Iceland are free.
This is free in Iceland, everywhere...please make this right :)
I just took some time to put in the new price from the store Krónan here in Iceland so it is very accurate to day, but schoolf for children from 5 to 16 is free.
best regards,
Helena