Cost of Living in Iceland

Summary:

Restaurants
Edit Range
Meal, Inexpensive Restaurant 2,500.00 kr 1,590.00-5,000.00
Meal for 2 People, Mid-range Restaurant, Three-course 13,000.00 kr 9,500.00-26,500.00
McMeal at McDonalds (or Equivalent Combo Meal) 1,904.50 kr 1,600.00-2,400.00
Domestic Beer (1 pint draught) 1,200.00 kr 800.00-1,500.00
Imported Beer (12 oz small bottle) 1,000.00 kr 776.46-1,500.00
Cappuccino (regular) 599.54 kr 350.00-1,000.00
Coke/Pepsi (12 oz small bottle) 326.32 kr 200.00-530.00
Water (12 oz small bottle) 269.18 kr 200.00-460.00
Markets
Edit
Milk (regular), (1 gallon) 716.85 kr 594.31-908.50
Loaf of Fresh White Bread (1 lb) 363.29 kr 254.01-653.17
Rice (white), (1 lb) 188.82 kr 106.59-417.31
Eggs (regular) (12) 706.43 kr 562.80-960.00
Local Cheese (1 lb) 790.33 kr 478.09-1,179.34
Chicken Fillets (1 lb) 982.22 kr 816.01-1,179.34
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 1,493.97 kr 907.19-2,041.17
Apples (1 lb) 183.67 kr 113.40-317.06
Banana (1 lb) 142.37 kr 107.05-226.80
Oranges (1 lb) 152.12 kr 122.02-272.16
Tomato (1 lb) 262.43 kr 129.41-508.02
Potato (1 lb) 148.60 kr 88.45-212.74
Onion (1 lb) 84.53 kr 44.91-167.38
Lettuce (1 head) 351.81 kr 200.00-600.00
Water (1.5 liter bottle) 258.40 kr 129.00-500.00
Bottle of Wine (Mid-Range) 2,600.00 kr 1,990.00-4,000.00
Domestic Beer (0.5 liter bottle) 406.05 kr 330.00-549.00
Imported Beer (12 oz small bottle) 369.63 kr 300.00-479.00
Cigarettes 20 Pack (Marlboro) 1,500.00 kr 1,400.00-1,990.00
Transportation
Edit
One-way Ticket (Local Transport) 490.00 kr 450.00-500.00
Monthly Pass (Regular Price) 8,000.00 kr 6,666.67-13,300.00
Taxi Start (Normal Tariff) 740.00 kr 690.00-1,200.00
Taxi 1 mile (Normal Tariff) 532.69 kr 389.46-782.14
Taxi 1hour Waiting (Normal Tariff) 7,920.00 kr 7,920.00-8,340.00
Gasoline (1 gallon) 973.85 kr 832.79-1,139.41
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 4,000,000.00 kr 3,600,000.00-4,500,000.00
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) 4,486,315.79 kr 3,800,000.00-5,680,000.00
Utilities (Monthly)
Edit
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment 14,974.75 kr 6,538.46-24,000.00
1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans) 22.29 kr 5.00-27.00
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 9,366.88 kr 6,990.00-12,040.00
Sports And Leisure
Edit
Fitness Club, Monthly Fee for 1 Adult 8,882.29 kr 6,800.00-14,500.00
Tennis Court Rent (1 Hour on Weekend) 4,625.77 kr 3,000.00-6,000.00
Cinema, International Release, 1 Seat 1,700.00 kr 1,400.00-2,500.00
Childcare
Edit
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child 38,765.29 kr 30,960.00-65,000.00
International Primary School, Yearly for 1 Child 737,333.33 kr 300,000.00-1,250,000.00
Clothing And Shoes
Edit
1 Pair of Jeans (Levis 501 Or Similar) 15,659.20 kr 10,000.00-20,000.00
1 Summer Dress in a Chain Store (Zara, H&M, ...) 7,713.81 kr 3,000.00-12,000.00
1 Pair of Nike Running Shoes (Mid-Range) 20,786.80 kr 13,000.00-25,000.00
1 Pair of Men Leather Business Shoes 24,923.57 kr 15,000.00-32,000.00
Rent Per Month
Edit
Apartment (1 bedroom) in City Centre 181,250.00 kr 130,000.00-250,000.00
Apartment (1 bedroom) Outside of Centre 145,904.36 kr 100,000.00-200,000.00
Apartment (3 bedrooms) in City Centre 263,798.77 kr 200,000.00-350,000.00
Apartment (3 bedrooms) Outside of Centre 226,484.20 kr 185,000.00-290,000.00
Buy Apartment Price
Edit
Price per Square Feet to Buy Apartment in City Centre 62,427.81 kr 37,160.91-92,902.27
Price per Square Feet to Buy Apartment Outside of Centre 47,588.42 kr 32,515.79-74,321.81
Salaries And Financing
Edit
Average Monthly Net Salary (After Tax) 444,504.15 kr
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 5.31 3.20-6.50

Prices in Iceland

This country had 1202 entries in the past 12 months by 144 different contributors.
Last update: May 2022
Our data for each country are based on all entries from all cities in that country.
Sources and References
  
This page in other languages:

DeutschLebenshaltungskosten in Island
PortuguêsCusto de Vida na Islândia
ItalianoCosto della Vita in Islanda
FrançaisCoût de la Vie en Islande
EspañolCosto de Vida en Islandia