Cost of Living in Iceland

Summary:

Restaurants
Edit Range
Meal, Inexpensive Restaurant 17.92 € 11.40-35.84
Meal for 2 People, Mid-range Restaurant, Three-course 93.20 € 68.11-189.98
McMeal at McDonalds (or Equivalent Combo Meal) 13.65 € 11.47-17.21
Domestic Beer (1 pint draught) 8.60 € 5.74-10.75
Imported Beer (12 oz small bottle) 7.17 € 5.67-10.75
Cappuccino (regular) 4.30 € 2.51-7.17
Coke/Pepsi (12 oz small bottle) 2.34 € 1.43-3.80
Water (12 oz small bottle) 1.93 € 1.43-3.30
Markets
Edit
Milk (regular), (1 gallon) 5.14 € 4.26-6.51
Loaf of Fresh White Bread (1 lb) 2.60 € 1.82-4.68
Rice (white), (1 lb) 1.35 € 0.76-2.99
Eggs (regular) (12) 5.06 € 4.03-6.88
Local Cheese (1 lb) 5.67 € 3.43-8.45
Chicken Fillets (1 lb) 7.04 € 5.85-8.45
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 10.71 € 6.50-14.63
Apples (1 lb) 1.32 € 0.81-2.27
Banana (1 lb) 1.02 € 0.77-1.63
Oranges (1 lb) 1.09 € 0.87-1.95
Tomato (1 lb) 1.88 € 0.95-3.64
Potato (1 lb) 1.07 € 0.63-1.53
Onion (1 lb) 0.61 € 0.32-1.20
Lettuce (1 head) 2.52 € 1.43-4.30
Water (1.5 liter bottle) 1.85 € 0.92-3.58
Bottle of Wine (Mid-Range) 18.64 € 14.27-28.68
Domestic Beer (0.5 liter bottle) 2.91 € 2.37-3.94
Imported Beer (12 oz small bottle) 2.65 € 2.15-3.43
Cigarettes 20 Pack (Marlboro) 10.75 € 10.04-14.27
Transportation
Edit
One-way Ticket (Local Transport) 3.51 € 3.23-3.58
Monthly Pass (Regular Price) 57.35 € 47.79-95.35
Taxi Start (Normal Tariff) 5.31 € 4.95-8.60
Taxi 1 mile (Normal Tariff) 3.82 € 2.79-5.61
Taxi 1hour Waiting (Normal Tariff) 56.78 € 56.78-59.79
Gasoline (1 gallon) 6.99 € 5.97-8.19
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 28,675.89 € 25,808.31-32,260.38
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) 32,162.28 € 27,242.10-40,719.77
Utilities (Monthly)
Edit
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment 109.82 € 46.87-174.10
1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans) 0.16 € 0.04-0.19
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 67.15 € 50.11-86.31
Sports And Leisure
Edit
Fitness Club, Monthly Fee for 1 Adult 63.69 € 48.75-103.95
Tennis Court Rent (1 Hour on Weekend) 33.16 € 21.51-43.01
Cinema, International Release, 1 Seat 12.19 € 10.04-17.92
Childcare
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Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child 277.91 € 221.95-465.98
International Primary School, Yearly for 1 Child 5,285.92 € 2,150.69-8,961.22
Clothing And Shoes
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1 Pair of Jeans (Levis 501 Or Similar) 112.26 € 71.69-143.38
1 Summer Dress in a Chain Store (Zara, H&M, ...) 55.30 € 21.51-86.03
1 Pair of Nike Running Shoes (Mid-Range) 149.02 € 93.20-179.22
1 Pair of Men Leather Business Shoes 178.68 € 107.53-229.41
Rent Per Month
Edit
Apartment (1 bedroom) in City Centre 1,290.42 € 931.97-1,792.24
Apartment (1 bedroom) Outside of Centre 1,047.67 € 716.90-1,505.48
Apartment (3 bedrooms) in City Centre 1,877.27 € 1,433.79-2,294.07
Apartment (3 bedrooms) Outside of Centre 1,610.84 € 1,290.42-2,007.31
Buy Apartment Price
Edit
Price per Square Feet to Buy Apartment in City Centre 447.54 € 266.41-666.01
Price per Square Feet to Buy Apartment Outside of Centre 341.54 € 233.10-532.81
Salaries And Financing
Edit
Average Monthly Net Salary (After Tax) 3,187.19 €
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 5.31 3.20-6.50

Prices in Iceland

This country had 1197 entries in the past 12 months by 142 different contributors.
Last update: May 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