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Cost of Living in Iceland

Cost of living in Iceland is 32.65% higher than in United States (aggregate data for all cities, rent is not taken into account). Rent in Iceland is 3.06% lower than in United States (average data for all cities).
Restaurants [ Edit ] Avg. Range
Meal, Inexpensive Restaurant 2,000.00 kr 1,500.00-2,500.00
Meal for 2 People, Mid-range Restaurant, Three-course 10,587.20 kr 7,000.00-15,000.00
McMeal at McDonalds (or Equivalent Combo Meal) 1,500.00 kr 1,200.00-1,600.00
Domestic Beer (0.5 liter draught) 995.00 kr 700.00-1,000.00
Imported Beer (0.33 liter bottle) 875.00 kr 600.00-1,000.00
Cappuccino (regular) 514.15 kr 440.00-600.00
Coke/Pepsi (0.33 liter bottle) 285.75 kr 200.00-380.00
Water (0.33 liter bottle) 223.41 kr 150.00-300.00
Markets [ Edit ] Avg.
Milk (regular), (1 gallon) 577.28 kr 454.25-794.94
Loaf of Fresh White Bread (1 lb) 310.16 kr 238.90-408.23
Rice (white), (1 lb) 186.88 kr 136.08-272.16
Eggs (12) 584.83 kr 435.00-713.00
Local Cheese (1 lb) 652.88 kr 453.59-816.01
Chicken Breasts (Boneless, Skinless), (1 lb) 1,002.38 kr 816.47-1,270.06
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 1,179.34 kr 907.19-1,360.78
Apples (1 lb) 148.67 kr 113.40-181.44
Banana (1 lb) 155.33 kr 117.48-224.53
Oranges (1 lb) 151.38 kr 131.54-181.44
Tomato (1 lb) 177.00 kr 127.01-226.80
Potato (1 lb) 116.16 kr 90.72-136.08
Onion (1 lb) 89.47 kr 45.36-136.08
Lettuce (1 head) 344.71 kr 270.00-400.00
Water (1.5 liter bottle) 233.46 kr 170.00-300.00
Bottle of Wine (Mid-Range) 2,450.00 kr 1,900.00-3,500.00
Domestic Beer (0.5 liter bottle) 343.86 kr 300.00-400.00
Imported Beer (0.33 liter bottle) 325.87 kr 300.00-400.00
Pack of Cigarettes (Marlboro) 1,225.00 kr 1,100.00-1,400.00
Transportation [ Edit ] Avg.
One-way Ticket (Local Transport) 400.00 kr 400.00-400.00
Monthly Pass (Regular Price) 10,900.00 kr 10,900.00-10,900.00
Taxi Start (Normal Tariff) 660.00 kr 660.00-800.00
Taxi 1 mile (Normal Tariff) 482.80 kr 376.40-527.86
Taxi 1hour Waiting (Normal Tariff) 6,674.00 kr 6,674.00-8,980.00
Gasoline (1 gallon) 770.30 kr 723.01-832.79
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 3,385,000.00 kr 3,190,000.00-3,500,000.00
Utilities (Monthly) [ Edit ] Avg.
Basic (Electricity, Heating, Water, Garbage) for 915 sq ft Apartment 14,878.04 kr 10,000.00-20,000.00
1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans) 18.82 kr 14.00-21.00
Internet (10 Mbps, Unlimited Data, Cable/ADSL) 7,658.74 kr 6,000.00-9,990.00
Sports And Leisure [ Edit ] Avg.
Fitness Club, Monthly Fee for 1 Adult 7,871.30 kr 6,500.00-10,000.00
Tennis Court Rent (1 Hour on Weekend) 3,628.65 kr 2,500.00-4,500.00
Cinema, International Release, 1 Seat 1,350.00 kr 1,200.00-1,450.00
Clothing And Shoes [ Edit ] Avg.
1 Pair of Jeans (Levis 501 Or Similar) 18,566.96 kr 15,000.00-21,900.00
1 Summer Dress in a Chain Store (Zara, H&M, ...) 9,356.40 kr 7,500.00-15,000.00
1 Pair of Nike Running Shoes (Mid-Range) 21,240.00 kr 17,000.00-25,000.00
1 Pair of Men Leather Business Shoes 24,402.72 kr 18,000.00-30,000.00
Rent Per Month [ Edit ] Avg.
Apartment (1 bedroom) in City Centre 149,085.96 kr 120,000.00-180,000.00
Apartment (1 bedroom) Outside of Centre 113,061.42 kr 70,000.00-150,000.00
Apartment (3 bedrooms) in City Centre 228,071.50 kr 180,000.00-280,000.00
Apartment (3 bedrooms) Outside of Centre 180,722.37 kr 130,000.00-220,000.00
Buy Apartment Price [ Edit ] Avg.
Price per Square Feet to Buy Apartment in City Centre 34,202.89 kr 31,215.16-37,160.91
Price per Square Feet to Buy Apartment Outside of Centre 24,206.34 kr 18,580.45-27,870.68
Salaries And Financing [ Edit ] Avg.
Average Monthly Disposable Salary (After Tax) 287,878.00 kr 250,000.00-350,000.00
Mortgage Interest Rate in Percentages (%), Yearly 7.08 6.00-8.00

Prices in Iceland

These data are based on 1682 entries in the past 18 months from 183 different contributors.
Last update: February, 2016 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 | Climate | Food Prices | Gas Prices | Health Care | Travel Prices | Pollution | Property Prices | Quality of Life | Taxi Fare | Traffic

Cost of Living in this country for some cities: Reykjavik

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