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Cost of Living in Iceland

Cost of living in Iceland is 65.36% higher than in United States (aggregate data for all cities, rent is not taken into account). Rent in Iceland is 34.34% higher than in United States (average data for all cities).
Restaurants [ Edit ] Range
Meal, Inexpensive Restaurant 2,200.00 kr 1,900.00-2,750.00
Meal for 2 People, Mid-range Restaurant, Three-course 12,000.00 kr 8,000.00-15,000.00
McMeal at McDonalds (or Equivalent Combo Meal) 1,591.65 kr 1,500.00-1,930.00
Domestic Beer (1 pint draught) 1,100.00 kr 1,000.00-1,200.00
Imported Beer (11.2 oz small bottle) 1,000.00 kr 800.00-1,200.00
Cappuccino (regular) 533.21 kr 450.00-624.48
Coke/Pepsi (11.2 oz small bottle) 290.08 kr 180.00-400.00
Water (11.2 oz small bottle) 216.27 kr 120.00-300.00
Markets [ Edit ]
Milk (regular), (1 gallon) 565.38 kr 472.78-681.37
Loaf of Fresh White Bread (1 lb) 312.84 kr 226.23-362.87
Rice (white), (1 lb) 173.70 kr 117.93-272.16
Eggs (regular) (12) 623.91 kr 480.00-720.00
Local Cheese (1 lb) 750.07 kr 612.35-907.19
Chicken Breasts (Boneless, Skinless), (1 lb) 960.15 kr 680.39-1,233.77
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 1,412.81 kr 906.28-2,163.64
Apples (1 lb) 146.53 kr 89.81-226.80
Banana (1 lb) 136.28 kr 113.40-187.79
Oranges (1 lb) 147.98 kr 108.86-181.44
Tomato (1 lb) 227.53 kr 136.08-317.52
Potato (1 lb) 126.37 kr 90.72-167.38
Onion (1 lb) 81.94 kr 47.63-136.08
Lettuce (1 head) 329.67 kr 200.00-400.00
Water (1.5 liter bottle) 242.00 kr 170.00-350.00
Bottle of Wine (Mid-Range) 2,400.00 kr 1,800.00-3,000.00
Domestic Beer (0.5 liter bottle) 380.95 kr 300.00-460.00
Imported Beer (11.2 oz small bottle) 348.95 kr 300.00-450.00
Pack of Cigarettes (Marlboro) 1,300.00 kr 1,200.00-1,500.00
Transportation [ Edit ]
One-way Ticket (Local Transport) 440.00 kr 420.00-450.00
Monthly Pass (Regular Price) 11,750.00 kr 11,300.00-11,750.00
Taxi Start (Normal Tariff) 690.00 kr 690.00-790.00
Taxi 1 mile (Normal Tariff) 482.80 kr 366.93-531.08
Taxi 1hour Waiting (Normal Tariff) 7,440.00 kr 7,440.00-8,000.00
Gasoline (1 gallon) 740.58 kr 711.66-760.87
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 3,275,000.00 kr 3,090,000.00-3,450,000.00
Toyota Corolla 1.6l 97kW Comfort (Or Equivalent New Car) 3,631,500.00 kr 3,180,000.00-3,970,000.00
Utilities (Monthly) [ Edit ]
Basic (Electricity, Heating, Water, Garbage) for 915 sq ft Apartment 12,483.35 kr 6,181.82-20,000.00
1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans) 20.31 kr 15.00-23.00
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 6,479.79 kr 3,990.00-9,000.00
Sports And Leisure [ Edit ]
Fitness Club, Monthly Fee for 1 Adult 7,787.00 kr 6,000.00-13,990.00
Tennis Court Rent (1 Hour on Weekend) 2,963.64 kr 1,500.00-4,000.00
Cinema, International Release, 1 Seat 1,450.00 kr 1,300.00-1,540.00
Childcare [ Edit ]
Preschool (or Kindergarten), Private, Monthly for 1 Child 36,950.29 kr 27,447.00-50,000.00
International Primary School, Yearly for 1 Child 2,400,000.00 kr 2,400,000.00-2,400,000.00
Clothing And Shoes [ Edit ]
1 Pair of Jeans (Levis 501 Or Similar) 16,313.88 kr 10,000.00-20,000.00
1 Summer Dress in a Chain Store (Zara, H&M, ...) 9,217.78 kr 5,995.00-12,900.00
1 Pair of Nike Running Shoes (Mid-Range) 19,261.25 kr 15,000.00-24,000.00
1 Pair of Men Leather Business Shoes 25,445.77 kr 20,000.00-32,995.00
Rent Per Month [ Edit ]
Apartment (1 bedroom) in City Centre 165,449.76 kr 100,000.00-210,000.00
Apartment (1 bedroom) Outside of Centre 130,264.19 kr 90,000.00-175,000.00
Apartment (3 bedrooms) in City Centre 266,052.63 kr 180,000.00-300,000.00
Apartment (3 bedrooms) Outside of Centre 220,769.23 kr 156,802.00-260,000.00
Buy Apartment Price [ Edit ]
Price per Square Feet to Buy Apartment in City Centre 47,899.37 kr 37,160.91-60,386.47
Price per Square Feet to Buy Apartment Outside of Centre 33,769.97 kr 27,870.68-41,806.02
Salaries And Financing [ Edit ]
Average Monthly Net Salary (After Tax) 308,168.46 kr
Mortgage Interest Rate in Percentages (%), Yearly 6.72 5.00-7.80

Prices in Iceland

These data are based on 2563 entries in the past 18 months from 269 different contributors.
Last update: August 2017
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 | Pollution | Property Prices | Quality of Life | Taxi Fare | Traffic

Cost of Living in this country for some cities: Akureyri, Reykjavik

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