Cost of Living in Reykjavik
Summary of cost of living in Reykjavik, Iceland:
- A family of four estimated monthly costs are 5,013.2$ (692,329.8kr) without rent (using our estimator).
- A single person estimated monthly costs are 1,337.9$ (184,764.8kr) without rent.
- Reykjavik is 25.5% more expensive than Columbus (without rent, see our cost of living index).
- Rent in Reykjavik is, on average, 17.3% higher than in Columbus.
Restaurants |  Edit |
Range |
|---|---|---|
| Meal, Inexpensive Restaurant | 20.93 $ | |
| Meal for 2 People, Mid-range Restaurant, Three-course | 123.10 $ | |
| McMeal at McDonalds (or Equivalent Combo Meal) | 18.10 $ | |
| Domestic Beer (1 pint draught) | 10.86 $ | |
| Imported Beer (12 oz small bottle) | 9.41 $ | |
| Cappuccino (regular) | 5.35 $ | |
| Coke/Pepsi (12 oz small bottle) | 3.11 $ | |
| Water (12 oz small bottle) | 2.19 $ | |
Markets | Edit |
|
| Milk (regular), (1 gallon) | 6.38 $ | |
| Loaf of Fresh White Bread (1 lb) | 3.29 $ | |
| Rice (white), (1 lb) | 1.40 $ | |
| Eggs (regular) (12) | 5.84 $ | |
| Local Cheese (1 lb) | 7.11 $ | |
| Chicken Fillets (1 lb) | 9.31 $ | |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) | 16.03 $ | |
| Apples (1 lb) | 1.37 $ | |
| Banana (1 lb) | 1.01 $ | |
| Oranges (1 lb) | 1.27 $ | |
| Tomato (1 lb) | 2.24 $ | |
| Potato (1 lb) | 1.46 $ | |
| Onion (1 lb) | 0.96 $ | |
| Lettuce (1 head) | 3.06 $ | |
| Water (1.5 liter bottle) | 2.08 $ | |
| Bottle of Wine (Mid-Range) | 21.72 $ | |
| Domestic Beer (0.5 liter bottle) | 3.21 $ | |
| Imported Beer (12 oz small bottle) | 2.72 $ | |
| Cigarettes 20 Pack (Marlboro) | 12.16 $ | |
Transportation | Edit |
|
| One-way Ticket (Local Transport) | 4.56 $ | |
| Monthly Pass (Regular Price) | 75.31 $ | |
| Taxi Start (Normal Tariff) | 5.61 $ | |
| Taxi 1 mile (Normal Tariff) | 4.22 $ | |
| Taxi 1hour Waiting (Normal Tariff) | 76.90 $ | |
| Gasoline (1 gallon) | 8.53 $ | |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) | 42,650.25 $ | |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) | 45,871.65 $ | |
Utilities (Monthly) | Edit |
|
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment | 71.98 $ | |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data | 25.03 $ | |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) | 68.36 $ | |
Sports And Leisure | Edit |
|
| Fitness Club, Monthly Fee for 1 Adult | 70.30 $ | |
| Tennis Court Rent (1 Hour on Weekend) | 31.23 $ | |
| Cinema, International Release, 1 Seat | 14.83 $ | |
Childcare | Edit |
|
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child | 254.01 $ | |
| International Primary School, Yearly for 1 Child | 5,620.93 $ | |
Clothing And Shoes | Edit |
|
| 1 Pair of Jeans (Levis 501 Or Similar) | 113.54 $ | |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) | 53.35 $ | |
| 1 Pair of Nike Running Shoes (Mid-Range) | 151.68 $ | |
| 1 Pair of Men Leather Business Shoes | 194.29 $ | |
Rent Per Month | Edit |
|
| Apartment (1 bedroom) in City Centre | 1,991.59 $ | |
| Apartment (1 bedroom) Outside of Centre | 1,817.83 $ | |
| Apartment (3 bedrooms) in City Centre | 2,867.49 $ | |
| Apartment (3 bedrooms) Outside of Centre | 2,491.55 $ | |
Buy Apartment Price | Edit |
|
| Price per Square Feet to Buy Apartment in City Centre | 588.45 $ | |
| Price per Square Feet to Buy Apartment Outside of Centre | 489.36 $ | |
Salaries And Financing | Edit |
|
| Average Monthly Net Salary (After Tax) | 3,776.68 $ | |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 8.73 |
Prices in Reykjavik
This city had 1537 entries in the past 12 months by 204 different contributors.
Last update: November 2024
Last update: November 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