Cost of Living in Reykjavik
Summary of cost of living in Reykjavik, Iceland:
- A family of four estimated monthly costs are 5,492.1$ (726,440.5kr) without rent (using our estimator).
- A single person estimated monthly costs are 1,464.2$ (193,664.0kr) without rent.
- Reykjavik is 34.3% more expensive than Columbus (without rent, see our cost of living index).
- Rent in Reykjavik is, on average, 23.7% higher than in Columbus.
Restaurants |  Edit |
Range |
|---|---|---|
| Meal, Inexpensive Restaurant | 24.00 $ | |
| Meal for 2 People, Mid-range Restaurant, Three-course | 139.87 $ | |
| McMeal at McDonalds (or Equivalent Combo Meal) | 18.90 $ | |
| Domestic Beer (1 pint draught) | 11.34 $ | |
| Imported Beer (12 oz small bottle) | 9.83 $ | |
| Cappuccino (regular) | 5.75 $ | |
| Coke/Pepsi (12 oz small bottle) | 3.19 $ | |
| Water (12 oz small bottle) | 2.48 $ | |
Markets | Edit |
|
| Milk (regular), (1 gallon) | 6.62 $ | |
| Loaf of Fresh White Bread (1 lb) | 3.58 $ | |
| Rice (white), (1 lb) | 1.53 $ | |
| Eggs (regular) (12) | 6.18 $ | |
| Local Cheese (1 lb) | 7.54 $ | |
| Chicken Fillets (1 lb) | 10.01 $ | |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) | 18.18 $ | |
| Apples (1 lb) | 1.37 $ | |
| Banana (1 lb) | 1.07 $ | |
| Oranges (1 lb) | 1.31 $ | |
| Tomato (1 lb) | 2.26 $ | |
| Potato (1 lb) | 1.56 $ | |
| Onion (1 lb) | 1.01 $ | |
| Lettuce (1 head) | 3.14 $ | |
| Water (1.5 liter bottle) | 2.14 $ | |
| Bottle of Wine (Mid-Range) | 22.68 $ | |
| Domestic Beer (0.5 liter bottle) | 3.41 $ | |
| Imported Beer (12 oz small bottle) | 3.00 $ | |
| Cigarettes 20 Pack (Marlboro) | 12.85 $ | |
Transportation | Edit |
|
| One-way Ticket (Local Transport) | 4.91 $ | |
| Monthly Pass (Regular Price) | 79.38 $ | |
| Taxi Start (Normal Tariff) | 5.86 $ | |
| Taxi 1 mile (Normal Tariff) | 3.81 $ | |
| Taxi 1hour Waiting (Normal Tariff) | 80.29 $ | |
| Gasoline (1 gallon) | 8.92 $ | |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) | 44,530.13 $ | |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) | 49,141.91 $ | |
Utilities (Monthly) | Edit |
|
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment | 80.70 $ | |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data | 25.80 $ | |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) | 74.84 $ | |
Sports And Leisure | Edit |
|
| Fitness Club, Monthly Fee for 1 Adult | 76.09 $ | |
| Tennis Court Rent (1 Hour on Weekend) | 39.85 $ | |
| Cinema, International Release, 1 Seat | 16.56 $ | |
Childcare | Edit |
|
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child | 287.88 $ | |
| International Primary School, Yearly for 1 Child | 28,307.97 $ | |
Clothing And Shoes | Edit |
|
| 1 Pair of Jeans (Levis 501 Or Similar) | 134.57 $ | |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) | 60.47 $ | |
| 1 Pair of Nike Running Shoes (Mid-Range) | 169.85 $ | |
| 1 Pair of Men Leather Business Shoes | 241.41 $ | |
Rent Per Month | Edit |
|
| Apartment (1 bedroom) in City Centre | 2,082.68 $ | |
| Apartment (1 bedroom) Outside of Centre | 1,926.23 $ | |
| Apartment (3 bedrooms) in City Centre | 2,990.41 $ | |
| Apartment (3 bedrooms) Outside of Centre | 2,580.12 $ | |
Buy Apartment Price | Edit |
|
| Price per Square Feet to Buy Apartment in City Centre | 656.98 $ | |
| Price per Square Feet to Buy Apartment Outside of Centre | 549.65 $ | |
Salaries And Financing | Edit |
|
| Average Monthly Net Salary (After Tax) | 4,011.05 $ | |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 9.66 |
Prices in Reykjavik
This city had 875 entries in the past 12 months by 115 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