Cost of Living in Reykjavik
Summary of cost of living in Reykjavik, Iceland:
- A family of four estimated monthly costs are 9,679.3NZ$ (726,463.3kr) without rent (using our estimator).
- A single person estimated monthly costs are 2,580.4NZ$ (193,670.5kr) without rent.
- Reykjavik is 35.1% more expensive than Columbus (without rent, see our cost of living index).
- Rent in Reykjavik is, on average, 24.4% higher than in Columbus.
Restaurants |  Edit |
Range |
|---|---|---|
| Meal, Inexpensive Restaurant | 42.30 NZ$ | |
| Meal for 2 People, Mid-range Restaurant, Three-course | 246.49 NZ$ | |
| McMeal at McDonalds (or Equivalent Combo Meal) | 33.31 NZ$ | |
| Domestic Beer (1 pint draught) | 19.99 NZ$ | |
| Imported Beer (12 oz small bottle) | 17.32 NZ$ | |
| Cappuccino (regular) | 10.13 NZ$ | |
| Coke/Pepsi (12 oz small bottle) | 5.56 NZ$ | |
| Water (12 oz small bottle) | 4.37 NZ$ | |
Markets | Edit |
|
| Milk (regular), (1 gallon) | 11.67 NZ$ | |
| Loaf of Fresh White Bread (1 lb) | 6.31 NZ$ | |
| Rice (white), (1 lb) | 2.69 NZ$ | |
| Eggs (regular) (12) | 10.89 NZ$ | |
| Local Cheese (1 lb) | 13.30 NZ$ | |
| Chicken Fillets (1 lb) | 17.64 NZ$ | |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) | 32.05 NZ$ | |
| Apples (1 lb) | 2.42 NZ$ | |
| Banana (1 lb) | 1.88 NZ$ | |
| Oranges (1 lb) | 2.30 NZ$ | |
| Tomato (1 lb) | 3.98 NZ$ | |
| Potato (1 lb) | 2.75 NZ$ | |
| Onion (1 lb) | 1.77 NZ$ | |
| Lettuce (1 head) | 5.54 NZ$ | |
| Water (1.5 liter bottle) | 3.78 NZ$ | |
| Bottle of Wine (Mid-Range) | 39.97 NZ$ | |
| Domestic Beer (0.5 liter bottle) | 6.01 NZ$ | |
| Imported Beer (12 oz small bottle) | 5.28 NZ$ | |
| Cigarettes 20 Pack (Marlboro) | 22.65 NZ$ | |
Transportation | Edit |
|
| One-way Ticket (Local Transport) | 8.66 NZ$ | |
| Monthly Pass (Regular Price) | 139.90 NZ$ | |
| Taxi Start (Normal Tariff) | 10.33 NZ$ | |
| Taxi 1 mile (Normal Tariff) | 6.72 NZ$ | |
| Taxi 1hour Waiting (Normal Tariff) | 141.50 NZ$ | |
| Gasoline (1 gallon) | 15.73 NZ$ | |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) | 78,477.88 NZ$ | |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) | 86,605.47 NZ$ | |
Utilities (Monthly) | Edit |
|
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment | 142.22 NZ$ | |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data | 45.47 NZ$ | |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) | 131.92 NZ$ | |
Sports And Leisure | Edit |
|
| Fitness Club, Monthly Fee for 1 Adult | 134.10 NZ$ | |
| Tennis Court Rent (1 Hour on Weekend) | 70.24 NZ$ | |
| Cinema, International Release, 1 Seat | 29.18 NZ$ | |
Childcare | Edit |
|
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child | 507.35 NZ$ | |
| International Primary School, Yearly for 1 Child | 49,888.68 NZ$ | |
Clothing And Shoes | Edit |
|
| 1 Pair of Jeans (Levis 501 Or Similar) | 237.16 NZ$ | |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) | 106.57 NZ$ | |
| 1 Pair of Nike Running Shoes (Mid-Range) | 299.34 NZ$ | |
| 1 Pair of Men Leather Business Shoes | 425.45 NZ$ | |
Rent Per Month | Edit |
|
| Apartment (1 bedroom) in City Centre | 3,670.42 NZ$ | |
| Apartment (1 bedroom) Outside of Centre | 3,394.70 NZ$ | |
| Apartment (3 bedrooms) in City Centre | 5,270.16 NZ$ | |
| Apartment (3 bedrooms) Outside of Centre | 4,547.09 NZ$ | |
Buy Apartment Price | Edit |
|
| Price per Square Feet to Buy Apartment in City Centre | 1,157.83 NZ$ | |
| Price per Square Feet to Buy Apartment Outside of Centre | 968.68 NZ$ | |
Salaries And Financing | Edit |
|
| Average Monthly Net Salary (After Tax) | 7,067.14 NZ$ | |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 9.66 |
Prices in Reykjavik
This city had 876 entries in the past 12 months by 116 different contributors.
Last update: March 2025
Last update: March 2025
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