Cost of Living in Iceland

Cost of living in Iceland is 32.32% higher than in United States (aggregate data for all cities, rent is not taken into account).

Rent in Iceland is, on average, 1.56% higher than in United States.

Restaurants
[ Edit ] Range
Meal, Inexpensive Restaurant 2,500.00 kr 1,500.00-4,500.00
Meal for 2 People, Mid-range Restaurant, Three-course 14,000.00 kr 10,000.00-56,665.00
McMeal at McDonalds (or Equivalent Combo Meal) 1,768.57 kr 1,500.00-2,000.00
Domestic Beer (1 pint draught) 1,200.00 kr 884.28-1,500.00
Imported Beer (12 oz small bottle) 1,000.00 kr 800.00-1,500.00
Cappuccino (regular) 577.78 kr 400.00-800.00
Coke/Pepsi (12 oz small bottle) 331.08 kr 200.00-600.00
Water (12 oz small bottle) 258.54 kr 200.00-350.00
Markets
[ Edit ]
Milk (regular), (1 gallon) 646.62 kr 564.03-946.35
Loaf of Fresh White Bread (1 lb) 371.89 kr 265.82-589.67
Rice (white), (1 lb) 166.59 kr 90.72-267.17
Eggs (regular) (12) 682.83 kr 477.00-822.00
Local Cheese (1 lb) 706.22 kr 453.59-1,360.78
Chicken Fillets (1 lb) 900.97 kr 589.67-1,133.98
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 1,546.86 kr 1,133.98-2,222.61
Apples (1 lb) 149.67 kr 86.18-226.80
Banana (1 lb) 137.33 kr 90.72-199.37
Oranges (1 lb) 147.31 kr 113.40-272.16
Tomato (1 lb) 256.95 kr 158.76-362.87
Potato (1 lb) 141.89 kr 81.65-180.98
Onion (1 lb) 103.97 kr 44.45-181.44
Lettuce (1 head) 309.00 kr 199.36-400.00
Water (1.5 liter bottle) 235.09 kr 132.91-358.00
Bottle of Wine (Mid-Range) 2,500.00 kr 1,800.00-4,000.00
Domestic Beer (0.5 liter bottle) 392.17 kr 289.00-600.00
Imported Beer (12 oz small bottle) 368.33 kr 300.00-500.00
Cigarettes 20 Pack (Marlboro) 1,450.00 kr 1,390.00-1,690.00
Transportation
[ Edit ]
One-way Ticket (Local Transport) 480.00 kr 450.00-490.00
Monthly Pass (Regular Price) 12,800.00 kr 11,000.00-13,100.00
Taxi Start (Normal Tariff) 700.00 kr 690.00-1,100.00
Taxi 1 mile (Normal Tariff) 482.80 kr 389.46-804.67
Taxi 1hour Waiting (Normal Tariff) 7,920.00 kr 7,920.00-10,000.00
Gasoline (1 gallon) 847.55 kr 757.08-919.86
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 3,790,000.00 kr 3,550,000.00-4,000,000.00
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) 4,210,000.00 kr 3,990,000.00-4,500,000.00
Utilities (Monthly)
[ Edit ]
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment 14,038.59 kr 7,000.00-23,000.00
1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans) 23.62 kr 14.00-36.00
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 8,815.54 kr 6,000.00-14,000.00
Sports And Leisure
[ Edit ]
Fitness Club, Monthly Fee for 1 Adult 7,352.05 kr 6,000.00-11,430.00
Tennis Court Rent (1 Hour on Weekend) 4,817.65 kr 3,000.00-8,800.00
Cinema, International Release, 1 Seat 1,600.00 kr 1,400.00-2,000.00
Childcare
[ Edit ]
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child 35,130.65 kr 26,000.00-48,000.00
International Primary School, Yearly for 1 Child 679,500.00 kr 300,000.00-1,200,000.00
Clothing And Shoes
[ Edit ]
1 Pair of Jeans (Levis 501 Or Similar) 15,026.50 kr 10,000.00-20,000.00
1 Summer Dress in a Chain Store (Zara, H&M, ...) 7,401.97 kr 3,500.00-12,000.00
1 Pair of Nike Running Shoes (Mid-Range) 18,971.86 kr 12,000.00-25,000.00
1 Pair of Men Leather Business Shoes 23,194.62 kr 15,000.00-35,000.00
Rent Per Month
[ Edit ]
Apartment (1 bedroom) in City Centre 179,912.98 kr 130,000.00-250,000.00
Apartment (1 bedroom) Outside of Centre 148,750.31 kr 100,000.00-200,000.00
Apartment (3 bedrooms) in City Centre 281,608.70 kr 220,000.00-400,000.00
Apartment (3 bedrooms) Outside of Centre 242,116.28 kr 200,000.00-320,000.00
Buy Apartment Price
[ Edit ]
Price per Square Feet to Buy Apartment in City Centre 52,060.48 kr 37,160.91-66,454.45
Price per Square Feet to Buy Apartment Outside of Centre 40,773.38 kr 32,515.79-55,741.36
Salaries And Financing
[ Edit ]
Average Monthly Net Salary (After Tax) 398,431.62 kr
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 5.90 3.90-7.33

Prices in Iceland

This country had 2081 entries in the past 12 months by 233 different contributors.
Last update: November 2020
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