Cost of Living in Iceland

Summary:

Restaurants
Edit Range
Meal, Inexpensive Restaurant 27.62 A$ 17.57-55.24
Meal for 2 People, Mid-range Restaurant, Three-course 143.63 A$ 104.96-292.78
McMeal at McDonalds (or Equivalent Combo Meal) 20.99 A$ 17.68-26.05
Domestic Beer (1 pint draught) 13.26 A$ 8.88-16.57
Imported Beer (12 oz small bottle) 11.05 A$ 8.84-16.57
Cappuccino (regular) 6.64 A$ 3.87-11.05
Coke/Pepsi (12 oz small bottle) 3.69 A$ 2.21-5.86
Water (12 oz small bottle) 3.04 A$ 2.21-4.42
Markets
Edit
Milk (regular), (1 gallon) 7.90 A$ 6.57-10.04
Loaf of Fresh White Bread (1 lb) 4.13 A$ 2.81-7.32
Rice (white), (1 lb) 2.09 A$ 1.18-4.61
Eggs (regular) (12) 7.91 A$ 6.22-12.60
Local Cheese (1 lb) 8.80 A$ 5.28-13.03
Chicken Fillets (1 lb) 10.89 A$ 9.02-13.03
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 16.52 A$ 10.02-22.55
Apples (1 lb) 2.03 A$ 1.25-3.50
Banana (1 lb) 1.57 A$ 1.18-2.51
Oranges (1 lb) 1.68 A$ 1.35-3.01
Tomato (1 lb) 2.90 A$ 1.46-5.61
Potato (1 lb) 1.64 A$ 0.98-2.35
Onion (1 lb) 0.99 A$ 0.50-2.00
Lettuce (1 head) 3.89 A$ 2.21-6.63
Water (1.5 liter bottle) 2.85 A$ 1.43-5.52
Bottle of Wine (Mid-Range) 27.62 A$ 21.97-44.19
Domestic Beer (0.5 liter bottle) 4.57 A$ 3.65-6.08
Imported Beer (12 oz small bottle) 4.14 A$ 3.31-5.29
Cigarettes 20 Pack (Marlboro) 16.57 A$ 15.47-21.99
Transportation
Edit
One-way Ticket (Local Transport) 5.41 A$ 4.97-5.52
Monthly Pass (Regular Price) 88.39 A$ 73.66-146.94
Taxi Start (Normal Tariff) 8.18 A$ 7.62-12.15
Taxi 1 mile (Normal Tariff) 5.89 A$ 4.30-8.64
Taxi 1hour Waiting (Normal Tariff) 87.50 A$ 87.50-92.14
Gasoline (1 gallon) 10.88 A$ 9.20-12.83
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 44,193.72 A$ 39,774.35-49,717.94
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) 49,566.75 A$ 41,984.04-62,755.09
Utilities (Monthly)
Edit
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment 166.85 A$ 73.79-265.16
1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans) 0.25 A$ 0.06-0.30
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 102.75 A$ 77.34-133.02
Sports And Leisure
Edit
Fitness Club, Monthly Fee for 1 Adult 98.00 A$ 75.13-160.20
Tennis Court Rent (1 Hour on Weekend) 51.11 A$ 33.15-66.29
Cinema, International Release, 1 Seat 18.78 A$ 15.47-27.62
Childcare
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Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child 422.92 A$ 331.45-718.15
International Primary School, Yearly for 1 Child 8,146.38 A$ 3,314.53-13,810.54
Clothing And Shoes
Edit
1 Pair of Jeans (Levis 501 Or Similar) 173.01 A$ 110.48-220.97
1 Summer Dress in a Chain Store (Zara, H&M, ...) 85.23 A$ 33.15-132.58
1 Pair of Nike Running Shoes (Mid-Range) 230.18 A$ 165.73-276.21
1 Pair of Men Leather Business Shoes 275.37 A$ 165.73-353.55
Rent Per Month
Edit
Apartment (1 bedroom) in City Centre 2,012.89 A$ 1,436.30-2,762.11
Apartment (1 bedroom) Outside of Centre 1,619.95 A$ 1,104.84-2,209.69
Apartment (3 bedrooms) in City Centre 2,888.78 A$ 2,209.69-3,866.95
Apartment (3 bedrooms) Outside of Centre 2,502.30 A$ 2,043.96-3,204.04
Buy Apartment Price
Edit
Price per Square Feet to Buy Apartment in City Centre 700.90 A$ 410.57-1,026.42
Price per Square Feet to Buy Apartment Outside of Centre 534.48 A$ 359.25-821.14
Salaries And Financing
Edit
Average Monthly Net Salary (After Tax) 4,896.60 A$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 5.31 3.20-6.50

Prices in Iceland

This country had 1268 entries in the past 12 months by 159 different contributors.
Last update: June 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