Cost of Living in Iceland
Summary of cost of living in Iceland:
- A family of four estimated monthly costs are 6,472.1C$ (660,443.0kr) without rent.
- A single person estimated monthly costs are 1,750.4C$ (178,619.3kr) without rent.
- Cost of living in Iceland is, on average, 16.6% higher than in United States.
- Rent in Iceland is, on average, 7.7% lower than in United States.
Restaurants |  Edit |
Range |
|---|---|---|
| Meal, Inexpensive Restaurant | 29.40 C$ | |
| Meal for 2 People, Mid-range Restaurant, Three-course | 156.79 C$ | |
| McMeal at McDonalds (or Equivalent Combo Meal) | 22.53 C$ | |
| Domestic Beer (1 pint draught) | 14.18 C$ | |
| Imported Beer (12 oz small bottle) | 11.76 C$ | |
| Cappuccino (regular) | 6.71 C$ | |
| Coke/Pepsi (12 oz small bottle) | 3.85 C$ | |
| Water (12 oz small bottle) | 2.90 C$ | |
Markets | Edit |
|
| Milk (regular), (1 gallon) | 8.34 C$ | |
| Loaf of Fresh White Bread (1 lb) | 4.27 C$ | |
| Rice (white), (1 lb) | 1.97 C$ | |
| Eggs (regular) (12) | 7.84 C$ | |
| Local Cheese (1 lb) | 9.04 C$ | |
| Chicken Fillets (1 lb) | 11.50 C$ | |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) | 19.06 C$ | |
| Apples (1 lb) | 1.93 C$ | |
| Banana (1 lb) | 1.36 C$ | |
| Oranges (1 lb) | 1.68 C$ | |
| Tomato (1 lb) | 2.87 C$ | |
| Potato (1 lb) | 1.89 C$ | |
| Onion (1 lb) | 1.18 C$ | |
| Lettuce (1 head) | 4.25 C$ | |
| Water (1.5 liter bottle) | 2.88 C$ | |
| Bottle of Wine (Mid-Range) | 26.95 C$ | |
| Domestic Beer (0.5 liter bottle) | 4.31 C$ | |
| Imported Beer (12 oz small bottle) | 3.62 C$ | |
| Cigarettes 20 Pack (Marlboro) | 15.68 C$ | |
Transportation | Edit |
|
| One-way Ticket (Local Transport) | 5.59 C$ | |
| Monthly Pass (Regular Price) | 91.14 C$ | |
| Taxi Start (Normal Tariff) | 7.15 C$ | |
| Taxi 1 mile (Normal Tariff) | 4.78 C$ | |
| Taxi 1hour Waiting (Normal Tariff) | 91.72 C$ | |
| Gasoline (1 gallon) | 11.55 C$ | |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) | 51,839.84 C$ | |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) | 56,591.83 C$ | |
Utilities (Monthly) | Edit |
|
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment | 144.67 C$ | |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data | 32.54 C$ | |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) | 96.68 C$ | |
Sports And Leisure | Edit |
|
| Fitness Club, Monthly Fee for 1 Adult | 86.87 C$ | |
| Tennis Court Rent (1 Hour on Weekend) | 41.63 C$ | |
| Cinema, International Release, 1 Seat | 19.60 C$ | |
Childcare | Edit |
|
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child | 359.29 C$ | |
| International Primary School, Yearly for 1 Child | 7,606.93 C$ | |
Clothing And Shoes | Edit |
|
| 1 Pair of Jeans (Levis 501 Or Similar) | 157.04 C$ | |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) | 68.23 C$ | |
| 1 Pair of Nike Running Shoes (Mid-Range) | 206.05 C$ | |
| 1 Pair of Men Leather Business Shoes | 236.06 C$ | |
Rent Per Month | Edit |
|
| Apartment (1 bedroom) in City Centre | 2,378.38 C$ | |
| Apartment (1 bedroom) Outside of Centre | 2,117.38 C$ | |
| Apartment (3 bedrooms) in City Centre | 3,342.38 C$ | |
| Apartment (3 bedrooms) Outside of Centre | 3,027.28 C$ | |
Buy Apartment Price | Edit |
|
| Price per Square Feet to Buy Apartment in City Centre | 724.91 C$ | |
| Price per Square Feet to Buy Apartment Outside of Centre | 588.41 C$ | |
Salaries And Financing | Edit |
|
| Average Monthly Net Salary (After Tax) | 5,720.71 C$ | |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 7.37 |
Prices in Iceland
This country had 1426 entries in the past 12 months by 199 different contributors.
Last update: April 2024
Our data for each country are based on all entries from all cities in that country.
Last update: April 2024
Our data for each country are based on all entries from all cities in that country.
Sources and References
Moving to Iceland? Explore:
Distribution of Expenses Using Our Statistical Model:
This page in other languages:
 DeutschLebenshaltungskosten in Island
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 PortuguêsCusto de Vida na Islândia
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 ItalianoCosto della Vita in Islanda
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 FrançaisCoût de la Vie en Islande
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 EspañolCosto de Vida en Islandia
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