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Cost of Living in Iceland

Prices in Iceland

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IndexInfo
Consumer Price Index (Excl.Rent): 91.90
Rent Index: 29.98
Groceries Index: 85.11
Restaurants Index: 107.19
Consumer Price Plus Rent Index: 61.70
Local Purchasing Power: 102.08

Currency: Default Currency      Switch to US measurement units
Restaurants [Edit] Avg.
Range
Meal, Inexpensive Restaurant 1,900.00 kr
1,500.00
2,000.00
Meal for 2, Mid-range Restaurant, Three-course 12,000.00 kr
8,324.19
15,000.00
McMeal at McDonalds (or Equivalent Combo Meal) 1,500.00 kr
1,300.00
1,664.84
Domestic Beer (0.5 liter draught) 990.00 kr
700.00
1,000.00
Imported Beer (0.33 liter bottle) 800.00 kr
405.55
950.00
Cappuccino (regular) 481.48 kr
440.00
520.00
Coke/Pepsi (0.33 liter bottle) 264.93 kr
200.00
300.00
Water (0.33 liter bottle) 222.72 kr
150.00
270.37
Markets [Edit] Avg.
Milk (regular), (1 liter) 131.33 kr
125.00
150.00
Loaf of Fresh White Bread (500g) 273.36 kr
200.00
350.00
Rice (white), (1kg) 391.85 kr
320.30
500.00
Eggs (12) 557.80 kr
454.80
694.00
Local Cheese (1kg) 1,618.10 kr
1,400.00
1,799.00
Chicken Breasts (Boneless, Skinless), (1kg) 2,188.74 kr
1,790.00
2,500.00
Apples (1kg) 340.25 kr
250.00
449.00
Oranges (1kg) 301.55 kr
250.00
370.00
Tomato (1kg) 420.39 kr
250.00
699.00
Potato (1kg) 203.52 kr
195.00
229.00
Lettuce (1 head) 333.88 kr
250.00
399.00
Water (1.5 liter bottle) 233.86 kr
200.00
300.00
Bottle of Wine (Mid-Range) 2,300.00 kr
1,800.00
2,599.00
Domestic Beer (0.5 liter bottle) 335.31 kr
295.67
400.00
Imported Beer (0.33 liter bottle) 327.23 kr
300.00
375.00
Pack of Cigarettes (Marlboro) 1,200.00 kr
1,160.00
1,300.00
Transportation [Edit] Avg.
One-way Ticket (Local Transport) 350.00 kr
350.00
400.00
Monthly Pass (Regular Price) 9,300.00 kr
9,300.00
9,300.00
Taxi Start (Normal Tariff) 660.00 kr
660.00
800.00
Taxi 1km (Normal Tariff) 255.38 kr
205.00
300.00
Taxi 1hour Waiting (Normal Tariff) 6,674.00 kr
6,674.00
8,287.00
Gasoline (1 liter) 226.73 kr
202.60
250.00
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 3,500,000.00 kr
3,370,000.00
3,618,288.32
Utilities (Monthly) [Edit] Avg.
Basic (Electricity, Heating, Water, Garbage) for 85m2 Apartment 15,262.50 kr
12,000.00
20,000.00
1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans) 17.68 kr
12.32
20.00
Internet (6 Mbps, Unlimited Data, Cable/ADSL) 7,084.07 kr
5,080.00
9,000.00
Sports And Leisure [Edit] Avg.
Fitness Club, Monthly Fee for 1 Adult 7,966.36 kr
6,000.00
10,000.00
Tennis Court Rent (1 Hour on Weekend) 4,026.30 kr
2,500.00
5,000.00
Cinema, International Release, 1 Seat 1,300.00 kr
1,200.00
1,350.00
Clothing And Shoes [Edit] Avg.
1 Pair of Jeans (Levis 501 Or Similar) 17,949.02 kr
15,000.00
20,000.00
1 Summer Dress in a Chain Store (Zara, H&M, ...) 11,040.29 kr
8,000.00
15,000.00
1 Pair of Nike Running Shoes 19,177.52 kr
15,000.00
22,000.00
1 Pair of Men Leather Shoes 24,562.93 kr
20,000.00
29,990.00
Rent Per Month [Edit] Avg.
Apartment (1 bedroom) in City Centre 121,976.31 kr
70,000.00
150,000.00
Apartment (1 bedroom) Outside of Centre 89,134.24 kr
60,000.00
110,000.00
Apartment (3 bedrooms) in City Centre 189,094.17 kr
150,000.00
210,000.00
Apartment (3 bedrooms) Outside of Centre 157,928.09 kr
120,000.00
180,000.00
Buy Apartment Price [Edit] Avg.
Price per Square Meter to Buy Apartment in City Centre 345,238.71 kr
330,000.00
355,000.00
Price per Square Meter to Buy Apartment Outside of Centre 257,485.81 kr
200,000.00
290,000.00
Salaries And Financing [Edit] Avg.
Average Monthly Disposable Salary (After Tax) 276,452.75 kr
230,000.00
330,000.00
Mortgage Interest Rate in Percentages (%), Yearly 6.73
5.50
8.00

These data are based on 1166 entries in the past 18 months from 132 different contributors.

Last update: April, 2015

Our data for each country are based on all entries from all cities in that country.

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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: Akureyri, Njardvik, Reykjavik

We would like to gather more data for: Akranes, Bakkafjordur, Bildudalur, Blonduos, Bolungarvik, Bordeyri, Dalvik, Drangsnes, Egilsstadir, Eidar, Eskifjorour, ... Update information for Iceland!