Cost of Living in Iceland

Cost of living in Iceland is 40.60% higher than in United States (aggregate data for all cities, rent is not taken into account).

Rent in Iceland is, on average, 7.99% higher than in United States.

Restaurants
[ Edit ] Range
Meal, Inexpensive Restaurant 16.43 € 9.86-29.58
Meal for 2 People, Mid-range Restaurant, Three-course 92.03 € 65.73-372.47
McMeal at McDonalds (or Equivalent Combo Meal) 11.50 € 9.86-13.15
Domestic Beer (1 pint draught) 7.89 € 5.53-9.86
Imported Beer (12 oz small bottle) 6.57 € 5.26-9.86
Cappuccino (regular) 3.77 € 2.63-5.26
Coke/Pepsi (12 oz small bottle) 2.16 € 1.31-3.94
Water (12 oz small bottle) 1.70 € 1.31-2.30
Markets
[ Edit ]
Milk (regular), (1 gallon) 4.24 € 3.71-6.22
Loaf of Fresh White Bread (1 lb) 2.44 € 1.65-3.88
Rice (white), (1 lb) 1.09 € 0.60-1.76
Eggs (regular) (12) 4.49 € 3.14-5.40
Local Cheese (1 lb) 4.63 € 2.98-8.94
Chicken Fillets (1 lb) 5.91 € 3.88-7.45
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 10.17 € 7.41-14.61
Apples (1 lb) 0.97 € 0.57-1.49
Banana (1 lb) 0.90 € 0.60-1.24
Oranges (1 lb) 0.96 € 0.75-1.79
Tomato (1 lb) 1.68 € 1.04-2.39
Potato (1 lb) 0.94 € 0.54-1.19
Onion (1 lb) 0.68 € 0.29-1.19
Lettuce (1 head) 2.03 € 1.24-2.63
Water (1.5 liter bottle) 1.65 € 0.99-2.35
Bottle of Wine (Mid-Range) 16.43 € 11.83-26.29
Domestic Beer (0.5 liter bottle) 2.55 € 1.90-3.94
Imported Beer (12 oz small bottle) 2.42 € 1.97-3.29
Cigarettes 20 Pack (Marlboro) 9.53 € 9.14-11.11
Transportation
[ Edit ]
One-way Ticket (Local Transport) 3.16 € 2.96-3.22
Monthly Pass (Regular Price) 84.14 € 72.31-86.11
Taxi Start (Normal Tariff) 4.60 € 4.54-7.23
Taxi 1 mile (Normal Tariff) 3.25 € 2.56-5.29
Taxi 1hour Waiting (Normal Tariff) 52.06 € 52.06-54.82
Gasoline (1 gallon) 5.57 € 4.98-5.97
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 24,912.55 € 23,334.98-26,292.93
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) 27,673.31 € 26,227.20-29,579.55
Utilities (Monthly)
[ Edit ]
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment 91.97 € 46.01-151.18
1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans) 0.16 € 0.09-0.24
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 58.33 € 39.44-92.03
Sports And Leisure
[ Edit ]
Fitness Club, Monthly Fee for 1 Adult 48.33 € 39.44-75.13
Tennis Court Rent (1 Hour on Weekend) 32.74 € 19.72-39.44
Cinema, International Release, 1 Seat 10.52 € 9.20-13.15
Childcare
[ Edit ]
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child 230.92 € 170.90-315.52
International Primary School, Yearly for 1 Child 4,466.51 € 1,971.97-7,887.88
Clothing And Shoes
[ Edit ]
1 Pair of Jeans (Levis 501 Or Similar) 98.77 € 65.73-131.46
1 Summer Dress in a Chain Store (Zara, H&M, ...) 48.83 € 23.01-78.88
1 Pair of Nike Running Shoes (Mid-Range) 124.71 € 78.88-164.33
1 Pair of Men Leather Business Shoes 152.50 € 98.60-230.06
Rent Per Month
[ Edit ]
Apartment (1 bedroom) in City Centre 1,182.20 € 854.52-1,643.31
Apartment (1 bedroom) Outside of Centre 985.11 € 657.32-1,314.65
Apartment (3 bedrooms) in City Centre 1,851.08 € 1,446.11-2,629.29
Apartment (3 bedrooms) Outside of Centre 1,588.59 € 1,314.65-2,103.43
Buy Apartment Price
[ Edit ]
Price per Square Feet to Buy Apartment in City Centre 341.74 € 244.27-427.47
Price per Square Feet to Buy Apartment Outside of Centre 268.01 € 213.73-366.40
Salaries And Financing
[ Edit ]
Average Monthly Net Salary (After Tax) 2,602.59 €
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 5.90 3.90-7.33

Prices in Iceland

This country had 2074 entries in the past 12 months by 233 different contributors.
Last update: December 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