NUMBEO

Cost of Living in Iceland

Cost of living in Iceland is 39.16% higher than in United States (aggregate data for all cities, rent is not taken into account). Rent in Iceland is 13.76% higher than in United States (average data for all cities).
Restaurants [ Edit ] Range
Meal, Inexpensive Restaurant 29.73 A$ 20.21-36.84
Meal for 2 People, Mid-range Restaurant, Three-course 148.64 A$ 107.02-202.15
McMeal at McDonalds (or Equivalent Combo Meal) 19.03 A$ 17.68-23.78
Domestic Beer (1 pint draught) 14.27 A$ 11.89-14.86
Imported Beer (12 oz small bottle) 11.89 A$ 9.51-14.27
Cappuccino (regular) 6.57 A$ 5.35-7.73
Coke/Pepsi (12 oz small bottle) 3.57 A$ 2.14-5.71
Water (12 oz small bottle) 2.96 A$ 1.78-4.16
Markets [ Edit ]
Milk (regular), (1 gallon) 7.05 A$ 6.53-8.06
Loaf of Fresh White Bread (1 lb) 3.71 A$ 2.95-4.72
Rice (white), (1 lb) 1.82 A$ 1.08-3.12
Eggs (regular) (12) 7.31 A$ 5.95-8.56
Local Cheese (1 lb) 8.84 A$ 6.70-11.33
Chicken Breasts (Boneless, Skinless), (1 lb) 10.49 A$ 8.63-12.41
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 16.52 A$ 10.79-26.43
Apples (1 lb) 1.59 A$ 1.24-1.99
Banana (1 lb) 1.32 A$ 1.08-1.62
Oranges (1 lb) 1.68 A$ 1.35-2.21
Tomato (1 lb) 2.66 A$ 1.89-3.24
Potato (1 lb) 1.43 A$ 1.08-2.10
Onion (1 lb) 1.21 A$ 0.43-1.83
Lettuce (1 head) 3.30 A$ 2.21-4.39
Water (1.5 liter bottle) 2.49 A$ 1.47-3.57
Bottle of Wine (Mid-Range) 29.73 A$ 23.78-35.67
Domestic Beer (0.5 liter bottle) 4.01 A$ 3.44-4.76
Imported Beer (12 oz small bottle) 4.05 A$ 3.57-4.99
Cigarettes 20 Pack (Marlboro) 16.53 A$ 14.27-17.84
Transportation [ Edit ]
One-way Ticket (Local Transport) 5.47 A$ 5.23-5.59
Monthly Pass (Regular Price) 146.26 A$ 130.80-152.20
Taxi Start (Normal Tariff) 8.20 A$ 8.20-9.51
Taxi 1 mile (Normal Tariff) 5.74 A$ 4.63-8.44
Taxi 1hour Waiting (Normal Tariff) 94.18 A$ 88.47-99.17
Gasoline (1 gallon) 10.04 A$ 9.27-10.67
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 42,212.83 A$ 38,645.55-49,823.04
Toyota Corolla 1.6l 97kW Comfort (Or Equivalent New Car) 47,863.08 A$ 38,883.37-53,509.23
Utilities (Monthly) [ Edit ]
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment 138.85 A$ 83.24-237.82
1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans) 0.25 A$ 0.18-0.32
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 98.09 A$ 71.35-124.26
Sports And Leisure [ Edit ]
Fitness Club, Monthly Fee for 1 Adult 91.45 A$ 71.35-135.91
Tennis Court Rent (1 Hour on Weekend) 53.30 A$ 38.05-107.02
Cinema, International Release, 1 Seat 18.91 A$ 17.24-19.98
Childcare [ Edit ]
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child 411.70 A$ 300.06-535.09
International Primary School, Yearly for 1 Child 8,823.08 A$ 2,996.52-14,269.13
Clothing And Shoes [ Edit ]
1 Pair of Jeans (Levis 501 Or Similar) 164.39 A$ 95.13-225.93
1 Summer Dress in a Chain Store (Zara, H&M, ...) 76.58 A$ 41.62-142.69
1 Pair of Nike Running Shoes (Mid-Range) 212.63 A$ 177.77-297.27
1 Pair of Men Leather Business Shoes 281.87 A$ 200.96-380.51
Rent Per Month [ Edit ]
Apartment (1 bedroom) in City Centre 2,189.28 A$ 1,664.73-2,972.73
Apartment (1 bedroom) Outside of Centre 1,796.03 A$ 1,308.00-2,378.19
Apartment (3 bedrooms) in City Centre 3,324.80 A$ 2,616.01-4,161.83
Apartment (3 bedrooms) Outside of Centre 2,811.12 A$ 2,259.28-3,567.28
Buy Apartment Price [ Edit ]
Price per Square Feet to Buy Apartment in City Centre 648.25 A$ 508.16-883.76
Price per Square Feet to Buy Apartment Outside of Centre 481.79 A$ 386.64-607.58
Salaries And Financing [ Edit ]
Average Monthly Net Salary (After Tax) 4,617.93 A$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.45 0.06-0.09

Prices in Iceland

These data are based on 2858 entries in the past 18 months from 327 different contributors.
Last update: September 2019
Our data for each country are based on all entries from all cities in that country.
Sources and References: Info
No sources and references provided yet.
Add new source here:
URL:
Description:
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

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: Reykjavik, Selfoss

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