Cost of Living in Iceland

Summary of cost of living in Iceland:

Restaurants
Edit Range
Meal, Inexpensive Restaurant 6,671.38 Ft 5,043.56-12,008.49
Meal for 2 People, Mid-range Restaurant, Three-course 42,029.70 Ft 26,685.53-58,708.16
McMeal at McDonalds (or Equivalent Combo Meal) 5,603.96 Ft 4,803.39-6,671.38
Domestic Beer (1 pint draught) 3,469.12 Ft 2,668.55-4,403.11
Imported Beer (12 oz small bottle) 2,668.55 Ft 2,134.84-4,653.21
Cappuccino (regular) 1,674.85 Ft 1,067.42-2,401.70
Coke/Pepsi (12 oz small bottle) 1,008.46 Ft 720.51-1,357.19
Water (12 oz small bottle) 769.73 Ft 533.71-1,280.91
Markets
Edit
Milk (regular), (1 gallon) 2,145.92 Ft 1,686.96-2,919.35
Loaf of Fresh White Bread (1 lb) 1,124.65 Ft 726.26-1,936.70
Rice (white), (1 lb) 509.91 Ft 242.09-841.25
Eggs (regular) (12) 2,125.36 Ft 1,571.78-3,042.15
Local Cheese (1 lb) 2,283.67 Ft 1,452.52-3,553.84
Chicken Fillets (1 lb) 3,002.03 Ft 2,178.79-3,739.04
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 4,801.40 Ft 2,481.39-7,262.62
Apples (1 lb) 514.66 Ft 302.61-906.62
Banana (1 lb) 378.14 Ft 302.61-605.22
Oranges (1 lb) 435.00 Ft 325.61-1,080.92
Tomato (1 lb) 783.52 Ft 363.94-1,210.44
Potato (1 lb) 470.51 Ft 242.09-652.43
Onion (1 lb) 258.99 Ft 133.15-605.22
Lettuce (1 head) 1,082.67 Ft 533.71-1,867.99
Water (1.5 liter bottle) 740.82 Ft 288.20-1,411.66
Bottle of Wine (Mid-Range) 7,205.09 Ft 5,310.42-12,008.49
Domestic Beer (0.5 liter bottle) 1,148.73 Ft 880.62-1,576.87
Imported Beer (12 oz small bottle) 976.49 Ft 747.19-1,278.24
Cigarettes 20 Pack (Marlboro) 4,269.68 Ft 3,869.40-5,310.42
Transportation
Edit
One-way Ticket (Local Transport) 1,467.70 Ft 1,307.59-1,601.13
Monthly Pass (Regular Price) 24,016.97 Ft 21,348.42-34,691.18
Taxi Start (Normal Tariff) 1,948.04 Ft 1,867.99-2,668.55
Taxi 1 mile (Normal Tariff) 1,421.52 Ft 1,073.66-2,087.19
Taxi 1hour Waiting (Normal Tariff) 24,489.31 Ft 21,348.42-26,418.67
Gasoline (1 gallon) 3,155.24 Ft 2,655.12-3,457.40
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 13,342,763.27 Ft 11,714,946.15-15,450,919.87
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) 14,903,699.79 Ft 13,155,964.59-16,518,340.93
Utilities (Monthly)
Edit
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment 39,591.55 Ft 19,213.58-66,713.82
Mobile Phone Monthly Plan with Calls and 10GB+ Data 8,413.06 Ft 6,671.38-13,342.76
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 25,317.10 Ft 17,345.59-37,359.74
Sports And Leisure
Edit
Fitness Club, Monthly Fee for 1 Adult 23,379.02 Ft 17,345.59-38,694.01
Tennis Court Rent (1 Hour on Weekend) 11,336.90 Ft 6,938.24-16,011.32
Cinema, International Release, 1 Seat 5,136.96 Ft 4,002.83-6,137.67
Childcare
Edit
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child 95,536.85 Ft 80,056.58-133,427.63
International Primary School, Yearly for 1 Child 2,071,464.00 Ft 1,627,817.12-3,335,690.82
Clothing And Shoes
Edit
1 Pair of Jeans (Levis 501 Or Similar) 41,777.91 Ft 21,882.13-53,371.05
1 Summer Dress in a Chain Store (Zara, H&M, ...) 17,318.27 Ft 10,140.50-42,696.84
1 Pair of Nike Running Shoes (Mid-Range) 54,376.49 Ft 27,219.24-69,382.37
1 Pair of Men Leather Business Shoes 67,123.20 Ft 40,695.43-93,399.34
Rent Per Month
Edit
Apartment (1 bedroom) in City Centre 596,450.19 Ft 480,339.48-763,206.06
Apartment (1 bedroom) Outside of Centre 519,745.02 Ft 376,265.92-720,509.22
Apartment (3 bedrooms) in City Centre 876,886.40 Ft 667,138.16-1,200,848.69
Apartment (3 bedrooms) Outside of Centre 763,342.91 Ft 568,401.72-1,067,421.06
Buy Apartment Price
Edit
Price per Square Feet to Buy Apartment in City Centre 194,614.84 Ft 148,748.75-247,914.59
Price per Square Feet to Buy Apartment Outside of Centre 154,758.32 Ft 123,957.30-210,727.40
Salaries And Financing
Edit
Average Monthly Net Salary (After Tax) 1,542,001.69 Ft
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.76 3.70-10.00

Prices in Iceland

This country had 2093 entries in the past 12 months by 276 different contributors.
Last update: September 2023
Our data for each country are based on all entries from all cities in that country.
Sources and References
Distribution of Expenses Using Our Statistical Model:
  
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