Historical Prices in Reykjavik

Currency:

Restaurants

Year
Meal, Inexpensive Restaurant
Meal for 2 People,
Mid-range Restaurant, Three-course
McMeal at McDonalds
(or Equivalent Combo Meal)
2023 2961.75 16903.16 2303.51
2022 2585.84 16225.57 2082.60
2021 2597.89 13231.67 1898.25
2020 2788.25 13646.67 2050.00
2019 2555.11 15531.25 1686.06
2018 2357.04 13684.62 1593.76
2017 2203.40 12582.76 1604.38
2016 2211.96 12396.55 1635.34
2015 2064.98 11484.78 1413.35
2014 1788.56 12406.25 1498.93
2013 1792.79 12666.67 1299.89
2012 1563.86 9955.66 1308.38
2011 - - -
Year
Domestic Beer
(0.5 liter draught)
Imported Beer
(0.33 liter bottle)
Coke/Pepsi
(0.33 liter bottle)
Water
(0.33 liter bottle)
Cappuccino
(regular)
2023 1535.48 1462.67 438.02 306.36 726.81
2022 1338.18 1059.61 351.95 280.01 595.46
2021 1216.25 1092.94 344.59 272.96 584.67
2020 1207.14 1340.00 341.50 259.80 615.00
2019 1252.94 1107.14 375.91 279.14 578.75
2018 1170.00 1008.32 312.99 257.68 564.71
2017 1124.81 1013.57 315.59 233.35 547.16
2016 1087.50 976.00 311.43 223.68 534.90
2015 976.44 846.26 294.76 235.97 524.42
2014 973.21 829.46 313.08 253.85 473.75
2013 901.43 818.56 271.68 232.24 454.28
2012 835.71 769.49 289.30 261.38 450.57
2011 - - - - -

Markets

Year
Milk
(regular),
(1 liter)
Loaf of Fresh White Bread
(500g)
Eggs
(regular)
(12)
Water
(1.5 liter bottle)
Domestic Beer
(0.5 liter bottle)
Imported Beer
(0.33 liter bottle)
2023 231.05 520.67 818.49 305.33 430.64 364.11
2022 206.29 443.07 810.41 294.38 424.15 342.11
2021 195.00 483.22 728.33 183.33 438.62 396.44
2020 194.33 499.88 731.52 - 433.33 414.83
2019 167.78 450.92 689.86 - 409.94 362.67
2018 168.17 368.00 627.50 201.42 316.00 303.67
2017 157.35 389.09 618.08 236.25 400.00 338.46
2016 149.84 296.25 642.50 252.11 349.00 342.58
2015 177.54 393.33 599.09 328.33 393.12 373.11
2014 135.33 292.88 554.11 219.00 322.25 340.50
2013 133.00 246.33 576.25 298.33 361.00 319.67
2012 175.65 304.71 483.59 262.93 515.49 412.99
2011 - - - - - -
Year
Apples
(1kg)
Oranges
(1kg)
Potato
(1kg)
Lettuce
(1 head)
Rice
(white),
(1kg)
Tomato
(1kg)
Banana
(1kg)
Onion
(1kg)
2023 387.45 331.00 466.92 480.14 445.00 723.25 300.23 286.88
2022 528.67 392.25 365.88 388.20 479.10 644.58 296.58 257.63
2021 381.00 288.29 335.43 347.60 358.74 545.00 269.12 128.83
2020 - - - - 362.00 - - -
2019 - - 276.00 - 317.80 579.40 - 191.00
2018 248.08 345.75 213.62 276.42 474.36 319.50 219.21 173.87
2017 310.69 300.00 243.75 280.00 344.22 516.56 266.25 160.25
2016 379.83 324.00 332.43 367.71 317.12 521.29 293.50 173.75
2015 325.29 325.50 263.00 366.67 441.50 382.00 372.71 191.40
2014 398.50 286.12 242.38 360.00 308.38 541.67 - -
2013 465.00 391.25 245.00 - - 733.33 - -
2012 745.59 745.59 252.38 391.04 538.93 604.64 - -
2011 - - - - - - - -
Year
Local Cheese
(1kg)
Bottle of Wine
(Mid-Range)
Cigarettes 20 Pack
(Marlboro)
Chicken Fillets
(1kg)
Beef Round
(1kg)
(or Equivalent Back Leg Red Meat)
2023 2093.73 2866.79 1741.50 2797.53 4574.70
2022 1909.94 2933.69 1607.27 2438.97 3754.33
2021 2062.33 2854.44 1566.67 2165.00 3112.25
2020 1489.40 3250.00 1557.14 1503.50 -
2019 1660.33 2887.50 1435.80 2187.38 3347.50
2018 1823.75 2485.71 1473.62 1931.25 2714.00
2017 1736.07 2428.57 1335.56 2221.46 3040.73
2016 1496.00 2266.58 1295.64 2219.20 2677.56
2015 1587.09 2759.00 1329.17 2432.11 2616.67
2014 1584.89 2223.00 1259.92 2472.22 -
2013 1766.75 2222.50 1193.54 2572.00 -
2012 1611.23 2059.32 1029.50 1503.51 -
2011 - - - - -

Rent Per Month

Year
Apartment
(1 bedroom)
in City Centre
Apartment
(1 bedroom)
Outside of Centre
Apartment
(3 bedrooms)
in City Centre
Apartment
(3 bedrooms)
Outside of Centre
2023 251240.20 227378.14 380857.14 342666.67
2022 213681.82 181842.11 325750.00 260421.05
2021 205769.23 173846.15 303181.82 258000.00
2020 186666.67 169500.00 292272.73 251888.89
2019 203972.22 168125.00 328058.82 266617.65
2018 201914.89 163571.43 305978.26 246586.96
2017 184843.75 152811.57 278571.43 234333.33
2016 171644.00 123869.63 273085.22 214545.45
2015 155800.00 129705.88 239062.50 196250.00
2014 141726.30 104226.66 220000.00 171111.11
2013 148571.43 114166.67 210000.00 162500.00
2012 133332.68 90858.55 315638.16 224338.82
2011 - - - -

Buy Apartment Price

Year
Price per Square Meter
to Buy Apartment
in City Centre
Price per Square Meter
to Buy Apartment
Outside of Centre
2023 888777.78 748935.09
2022 869307.62 624500.00
2021 857142.86 558453.80
2020 574000.00 492500.00
2019 611590.91 463589.98
2018 574347.88 433845.50
2017 558090.91 416272.73
2016 434690.43 312266.67
2015 404500.00 305476.17
2014 345435.44 265636.05
2013 360333.33 290000.00
2012 - -
2011 - -

Salaries And Financing

Year
Average Monthly Net Salary
(After Tax)
2023 487833.33
2022 512840.65
2021 408090.42
2020 396666.67
2019 409467.08
2018 390382.21
2017 352218.80
2016 297736.84
2015 312812.50
2014 266666.67
2013 295500.00
2012 232653.94
2011 -

Transportation

Year
One-way Ticket
(Local Transport)
Gasoline
(1 liter)
2023 558.57 314.97
2022 532.35 304.17
2021 489.33 243.02
2020 478.25 222.55
2019 469.14 225.98
2018 458.31 218.34
2017 441.63 198.00
2016 421.74 192.33
2015 400.00 206.08
2014 350.00 251.72
2013 350.00 248.65
2012 400.73 257.25
2011 - -
Year
Monthly Pass
(Regular Price)
2023 9475.00
2022 8292.73
2021 12133.33
2020 13041.67
2019 12753.12
2018 12307.69
2017 11750.00
2016 11177.27
2015 10849.38
2014 9300.00
2013 9300.00
2012 10936.67
2011 -

Salaries And Financing

Year
Mortgage Interest Rate in Percentages
(%), Yearly, for 20 Years Fixed-Rate
2023 9.34
2022 6.24
2021 4.39
2020 4.49
2019 6.35
2018 6.43
2017 6.63
2016 7.39
2015 7.17
2014 6.95
2013 10.67
2012 6.17
2011 11.00

Utilities (Monthly)

Year
Basic
(Electricity, Heating, Cooling, Water, Garbage) for 85m2 Apartment
Internet
(60 Mbps or More, Unlimited Data, Cable/ADSL)
Mobile Phone Monthly Plan with Calls and 10GB+ Data
2023 13150.79 9907.35 3163.85
2022 13688.23 8161.11 -
2021 12862.39 9787.67 -
2020 15726.19 9100.00 -
2019 11938.60 8285.00 -
2018 12891.07 7387.55 -
2017 15880.95 6253.64 -
2016 11082.62 7070.00 -
2015 16297.09 9231.25 -
2014 15521.83 7052.86 -
2013 14357.14 10130.00 -
2012 19020.54 6607.89 -
2011 - - -

Sports And Leisure

Year
Fitness Club, Monthly Fee for 1 Adult
Tennis Court Rent
(1 Hour on Weekend)
Cinema, International Release, 1 Seat
2023 9599.15 - 2053.44
2022 9293.25 - 1764.44
2021 8301.98 - 1924.44
2020 6880.69 - 1633.44
2019 7923.58 5462.50 1588.98
2018 7616.96 4846.15 1524.48
2017 8206.45 2125.00 1489.73
2016 7812.86 3466.67 1411.71
2015 8160.93 - 1349.09
2014 7860.00 4250.00 1322.73
2013 7100.00 - 1280.00
2012 9828.60 - 1289.52
2011 - - -

Clothing And Shoes

Year
1 Pair of Jeans
(Levis 501 Or Similar)
1 Summer Dress in a Chain Store
(Zara, H&M, ...)
1 Pair of Nike Running Shoes
(Mid-Range)
1 Pair of Men Leather Business Shoes
2023 16764.33 8112.14 22953.08 29497.00
2022 12854.33 4877.78 16580.91 18835.71
2021 14644.44 - 18623.75 28437.50
2020 12612.50 5283.33 16977.78 20322.22
2019 15269.41 6416.52 17515.57 23290.47
2018 14056.44 6935.18 18123.37 24551.10
2017 15407.04 9051.58 17715.20 24285.71
2016 17339.05 9030.31 21620.53 25866.27
2015 18408.33 9812.50 21499.00 25711.69
2014 17982.86 6725.00 19554.44 27498.33
2013 17966.67 - 26000.00 -
2012 21735.26 12374.59 18126.60 16777.79
2011 - - - -
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