Cost of Living in Iceland

Prices in Iceland

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Select city: --- Select city--- Akranes Akureyri Blonduos Egilsstadir Grundarfjordur Husavik Isafjorour Keflavik Reykjavik Selfoss

Indexes Consumer Price Index (Excl.Rent): 105.97 Rent Index: 40.71 Groceries Index: 106.31 Restaurants Index: 101.57 Consumer Price Plus Rent Index: 74.72 Local Purchasing Power: 69.42

Currency: EUR USD --- AED AFN ALL AMD ANG AOA ARS AUD AWG AZN BAM BBD BDT BGN BHD BIF BMD BND BOB BRL BSD BTN BWP BYR BZD CAD CDF CHF CLF CLP CNH CNY COP CRC CUP CVE CZK DJF DKK DOP DZD EGP ETB EUR FJD FKP GBP GEL GHS GIP GMD GNF GTQ GYD HKD HNL HRK HTG HUF IDR IEP ILS INR IQD IRR ISK JMD JOD JPY KES KGS KHR KMF KPW KRW KWD KZT LAK LBP LKR LRD LSL LTL LVL LYD MAD MDL MGA MKD MMK MNT MOP MRO MUR MVR MWK MXN MYR MZN NAD NGN NIO NOK NPR NZD OMR PAB PEN PGK PHP PKR PLN PYG QAR RON RSD RUB RWF SAR SBD SCR SDG SEK SGD SHP SLL SOS SRD STD SVC SYP SZL THB TJS TMT TND TOP TRY TTD TWD TZS UAH UGX USD UYU UZS VEF VND VUV WST XAF XCD XDR XOF XPF YER ZAR ZMK ZMW ZWL Default Currency      Switch to imperial measurement units

Restaurants	[Edit] Median	Range
Meal, Inexpensive Restaurant	1,511.14 kr	1,237.00 1,760.16
Meal for 2, Mid-range Restaurant, Three-course	9,895.99 kr	7,773.85 11,619.81
Combo Meal at McDonalds or Similar	1,200.00 kr	1,149.21 1,400.00
Domestic Beer (0.5 liter draught)	798.06 kr	742.20 931.33
Imported Beer (0.33 liter bottle)	798.06 kr	687.93 909.79
Cappuccino (regular)	450.00 kr	399.03 494.80
Coke/Pepsi (0.33 liter bottle)	247.40 kr	210.00 399.03
Water (0.33 liter bottle)	220.00 kr	186.27 247.40
Markets	[Edit] Median
Milk (regular), 1 liter	123.70 kr	119.71 152.00
Loaf of Fresh White Bread (500g)	224.72 kr	200.00 249.00
Rice (1kg)	500.00 kr	375.00 500.00
Eggs (12)	459.68 kr	399.03 500.00
Local Cheese (1kg)	1,395.02 kr	1,200.00 1,596.13
Chicken Breasts (Boneless, Skinless), (1kg)	1,990.00 kr	1,596.13 2,500.00
Apples (1kg)	328.80 kr	290.00 478.84
Oranges (1kg)	350.00 kr	190.00 800.00
Tomato (1kg)	600.00 kr	500.00 715.07
Potato (1kg)	190.00 kr	120.02 235.00
Lettuce (1 head)	371.10 kr	300.00 400.00
Water (1.5 liter bottle)	247.40 kr	159.61 350.00
Bottle of Wine (Mid-Range)	1,945.00 kr	1,596.13 2,500.00
Domestic Beer (0.5 liter bottle)	375.05 kr	319.23 383.07
Imported Beer (0.33 liter bottle)	306.63 kr	239.42 350.00
Pack of Cigarettes (Marlboro)	1,100.00 kr	1,000.00 1,117.29
Transportation	[Edit] Median
One-way Ticket (Local Transport)	350.00 kr	347.96 371.10
Monthly Pass (Regular Price)	7,421.99 kr	6,973.48 9,300.00
Taxi Start (Normal Tariff)	618.50 kr	560.00 638.45
Taxi 1km (Normal Tariff)	288.44 kr	260.00 350.00
Taxi 1hour Waiting (Normal Tariff)	6,214.68 kr	6,067.00 6,237.00
Gasoline (1 liter)	250.00 kr	242.00 260.00
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car)	3,600,498.50 kr	3,390,000.00 3,874,280.87
Utilities (Monthly)	[Edit] Median
Basic (Electricity, Heating, Water, Garbage) for 85m2 Apartment	13,294.00 kr	8,938.32 20,000.00
1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans)	15.96 kr	15.00 20.00
Internet (6 Mbps, Unlimited Data, Cable/ADSL)	5,424.00 kr	4,000.00 6,703.74
Sports And Leisure	[Edit] Median
Fitness Club, Monthly Fee for 1 Adult	6,461.48 kr	5,000.00 8,246.66
Tennis Court Rent (1 Hour on Weekend)	2,675.93 kr	2,000.00 3,351.87
Cinema, International Release, 1 Seat	1,200.00 kr	1,150.00 1,297.65
Clothing And Shoes	[Edit] Median
1 Pair of Jeans (Levis 501 Or Similar)	18,039.28 kr	15,000.00 19,900.00
1 Summer Dress in a Chain Store (Zara, H&M, ...)	12,184.99 kr	12,000.00 13,567.09
1 Pair of Nike Shoes	19,581.61 kr	15,000.00 24,739.98
1 Pair of Men Leather Shoes	20,000.00 kr	13,567.09 25,000.00
Rent Per Month	[Edit] Median
Apartment (1 bedroom) in City Centre	135,000.00 kr	119,709.58 140,000.00
Apartment (1 bedroom) Outside of Centre	107,500.00 kr	63,845.11 120,000.00
Apartment (3 bedrooms) in City Centre	194,208.84 kr	180,000.00 230,000.00
Apartment (3 bedrooms) Outside of Centre	160,000.00 kr	143,651.50 180,000.00
Buy Apartment Price	[Edit] Median
Price per Square Meter to Buy Apartment in City Centre	350,000.00 kr	345,000.00 386,000.00
Price per Square Meter to Buy Apartment Outside of Centre	280,000.00 kr	270,000.00 320,000.00
Salaries And Financing	[Edit] Median
Median Monthly Disposable Salary (After Tax)	249,258.54 kr	200,000.00 303,064.76
Mortgage Interest Rate in Percentanges (%), Yearly	8.00	7.00 9.00

These data are based on 616 entries in the past 18 months from 84 different contributors.

Last update : May, 2013

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More about Iceland:
    Cost of Living | Crime | Food Prices | Gas Prices | Health Care | Hotel Prices | Pollution | Property Prices | Quality of Life | Taxi Fare | Traffic

Cost of Living in this country for some cities: Akranes, Akureyri, Blonduos, Egilsstadir, Grundarfjordur, Husavik, Isafjorour, Keflavik, Reykjavik, Selfoss

We would like to gather more data for: Bakkafjordur, Bildudalur, Bolungarvik, Bordeyri, Dalvik, Drangsnes, Eidar, Eskifjorour, Gardabaer, Garour, Grenivik, Grindavik, Hafnarfjorour, Hafnir, Hallormsstadur, Hella, Hellissandur, Hnifsdalur, Hofsos, Holar, Hvammstangi, Hvanneyri, Hverageroi, Hvolsvollur, Kirkjubaejarklaustur, Kopasker, ... Update information for Iceland!