Cost of Living in Reykjavik

Summary of cost of living in Reykjavik, Iceland:

A family of four estimated monthly costs are 5,091.5$ (708,379.8kr) without rent (using our estimator).
A single person estimated monthly costs are 1,356.8$ (188,770.8kr) without rent.
Reykjavik is 23.9% more expensive than Columbus (without rent, see our cost of living index).
Rent in Reykjavik is, on average, 14.4% higher than in Columbus.

Restaurants	Edit	Range
Meal, Inexpensive Restaurant	2,945.00 kr	1,990.00-4,900.00
Meal for 2 People, Mid-range Restaurant, Three-course	19,500.00 kr	11,000.00-30,000.00
McMeal at McDonalds (or Equivalent Combo Meal)	2,500.00 kr	2,299.00-3,000.00
Domestic Beer (1 pint draught)	1,500.00 kr	1,000.00-1,900.00
Imported Beer (12 oz small bottle)	1,300.00 kr	1,100.00-1,800.00
Cappuccino (regular)	736.78 kr	500.00-950.00
Coke/Pepsi (12 oz small bottle)	424.45 kr	300.00-550.00
Water (12 oz small bottle)	300.68 kr	200.00-450.00
Markets	Edit
Milk (regular), (1 gallon)	874.79 kr	772.22-1,324.89
Loaf of Fresh White Bread (1 lb)	458.94 kr	290.00-907.19
Rice (white), (1 lb)	193.17 kr	131.09-315.25
Eggs (regular) (12)	807.15 kr	600.00-960.00
Local Cheese (1 lb)	982.43 kr	635.03-1,360.78
Chicken Fillets (1 lb)	1,286.04 kr	680.39-1,614.34
Beef Round (1 lb) (or Equivalent Back Leg Red Meat)	2,214.11 kr	1,350.80-3,175.15
Apples (1 lb)	189.21 kr	90.72-312.53
Banana (1 lb)	140.03 kr	113.40-235.87
Oranges (1 lb)	175.41 kr	122.47-340.19
Tomato (1 lb)	309.29 kr	147.42-430.46
Potato (1 lb)	201.74 kr	112.94-254.01
Onion (1 lb)	132.99 kr	72.57-249.48
Lettuce (1 head)	422.88 kr	225.00-644.00
Water (1.5 liter bottle)	287.08 kr	125.00-450.00
Bottle of Wine (Mid-Range)	3,000.00 kr	2,000.00-5,000.00
Domestic Beer (0.5 liter bottle)	443.52 kr	390.91-600.00
Imported Beer (12 oz small bottle)	375.65 kr	267.00-510.00
Cigarettes 20 Pack (Marlboro)	1,679.00 kr	1,500.00-1,890.00
Transportation	Edit
One-way Ticket (Local Transport)	630.00 kr	600.00-650.00
Monthly Pass (Regular Price)	10,400.00 kr	9,300.00-10,800.00
Taxi Start (Normal Tariff)	775.00 kr	730.00-1,000.00
Taxi 1 mile (Normal Tariff)	521.43 kr	482.80-772.49
Taxi 1hour Waiting (Normal Tariff)	10,620.00 kr	9,360.00-12,000.00
Gasoline (1 gallon)	1,179.67 kr	1,097.77-1,234.04
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car)	5,945,000.00 kr	5,790,000.00-6,190,000.00
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car)	6,334,875.00 kr	5,999,000.00-6,750,000.00
Utilities (Monthly)	Edit
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment	9,940.72 kr	6,900.00-25,000.00
Mobile Phone Monthly Plan with Calls and 10GB+ Data	3,394.76 kr	2,500.00-5,000.00
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL)	9,439.08 kr	6,500.00-14,000.00
Sports And Leisure	Edit
Fitness Club, Monthly Fee for 1 Adult	9,873.81 kr	7,000.00-15,000.00
Tennis Court Rent (1 Hour on Weekend)	4,312.50 kr	2,600.00-7,500.00
Cinema, International Release, 1 Seat	2,047.50 kr	1,700.00-2,300.00
Childcare	Edit
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child	35,078.18 kr	31,000.00-50,000.00
International Primary School, Yearly for 1 Child	776,250.00 kr	610,000.00-1,250,000.00
Clothing And Shoes	Edit
1 Pair of Jeans (Levis 501 Or Similar)	15,679.90 kr	8,100.00-22,000.00
1 Summer Dress in a Chain Store (Zara, H&M, ...)	7,368.08 kr	3,800.00-13,000.00
1 Pair of Nike Running Shoes (Mid-Range)	21,131.59 kr	10,300.00-29,995.00
1 Pair of Men Leather Business Shoes	27,314.21 kr	15,400.00-38,000.00
Rent Per Month	Edit
Apartment (1 bedroom) in City Centre	275,038.46 kr	230,000.00-330,000.00
Apartment (1 bedroom) Outside of Centre	251,041.67 kr	220,000.00-300,000.00
Apartment (3 bedrooms) in City Centre	394,083.33 kr	350,000.00-500,000.00
Apartment (3 bedrooms) Outside of Centre	347,181.82 kr	300,000.00-450,000.00
Buy Apartment Price	Edit
Price per Square Feet to Buy Apartment in City Centre	80,618.52 kr	66,053.51-102,192.49
Price per Square Feet to Buy Apartment Outside of Centre	67,581.03 kr	49,238.20-83,612.04
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	4.25-11.00

Prices in Reykjavik

This city had 1520 entries in the past 12 months by 203 different contributors.
Last update: December 2024

Sources and References

Insights (Premium)

Moving to Reykjavik? Explore:

Distribution of Expenses Using Our Statistical Model:

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

Leave a comment:

4 Comments so far

Anonymous on Dec 14, 2024:

Oslo is one of the world's most dangerous cities, according to the Zimbabwe Times, it is the third most dangerous city in the world after Stockholm and Mogadishu, the two largest cities in Somalia. I was riding the metro and accidentally exited at the wrong stop and ended up in a neighborhood called Stovner. It looked exactly like a Brazillian favela, with slums stacked on top of eachother, this area was more dangerous than Sao Paolo or Caracas, those places were paradise compared to Oslo. Anyways I got off the station and a Swedish man named Ahmad Farshid Bin Tlariq al Muqtadeen din Rashidi approached me as well as a Pakistani man named Salman Falmanrashidiqqi Siddiqui. They told me to convert to Islam. I was scared so I tried to cooperate, I asked them how, they told me it costs 5 million krone for infidels to visit the local mosque. After that I realize it was a scam. As I left the mosque, an SAS plane crashed into me and it made me fly all the way to Paris? And guess who else was in Paris?

Anyways in conclusion, Oslo is a very deadly city, if you care about your personal safety DO NOT VISIT!!!!!

HB on Oct 23, 2023:

As the two comments above state, Schools in Iceland are free from 5 to 16 years old, therefore please dismiss the "831,666.67 kr for 1 Year of International Primary School"

HG on Oct 04, 2023:

What do you mean by "International Primary School, Yearly for 1 Child" ?
Primary schools in Iceland are free.

Helena on Apr 04, 2023:

Hi hi, this is not right "International Primary School, Yearly for 1 Child"
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

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