Cost of Living in Iceland

Summary of cost of living in Iceland:

Restaurants
Edit Range
Meal, Inexpensive Restaurant 8,027.96 Ft 5,325.21-13,379.93
Meal for 2 People, Mid-range Restaurant, Three-course 43,732.08 Ft 26,759.85-74,927.58
McMeal at McDonalds (or Equivalent Combo Meal) 6,153.43 Ft 5,325.21-6,689.96
Domestic Beer (1 pint draught) 3,746.38 Ft 2,408.39-4,816.77
Imported Beer (12 oz small bottle) 3,211.18 Ft 2,274.59-4,816.77
Cappuccino (regular) 1,834.46 Ft 1,116.21-2,675.99
Coke/Pepsi (12 oz small bottle) 1,073.83 Ft 749.28-1,396.20
Water (12 oz small bottle) 788.90 Ft 535.20-1,284.47
Markets
Edit
Milk (regular), (1 gallon) 2,276.96 Ft 1,722.05-3,038.91
Loaf of Fresh White Bread (1 lb) 1,158.97 Ft 718.57-1,942.09
Rice (white), (1 lb) 496.30 Ft 339.87-775.62
Eggs (regular) (12) 2,123.22 Ft 1,600.24-2,568.95
Local Cheese (1 lb) 2,473.46 Ft 1,456.57-3,641.42
Chicken Fillets (1 lb) 3,141.61 Ft 1,860.35-4,489.88
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 5,164.99 Ft 2,791.76-8,375.27
Apples (1 lb) 479.21 Ft 303.45-909.14
Banana (1 lb) 372.19 Ft 303.45-606.90
Oranges (1 lb) 460.13 Ft 333.80-910.36
Tomato (1 lb) 765.33 Ft 372.07-1,092.43
Potato (1 lb) 516.80 Ft 273.11-667.59
Onion (1 lb) 321.28 Ft 144.44-631.18
Lettuce (1 head) 1,150.53 Ft 535.20-1,723.33
Water (1.5 liter bottle) 818.20 Ft 321.12-1,337.99
Bottle of Wine (Mid-Range) 7,358.96 Ft 5,351.97-12,041.93
Domestic Beer (0.5 liter bottle) 1,201.30 Ft 883.08-1,605.59
Imported Beer (12 oz small bottle) 969.31 Ft 669.00-1,337.99
Cigarettes 20 Pack (Marlboro) 4,281.58 Ft 4,013.98-5,325.21
Transportation
Edit
One-way Ticket (Local Transport) 1,525.31 Ft 1,311.23-1,685.87
Monthly Pass (Regular Price) 24,886.66 Ft 21,729.00-32,111.82
Taxi Start (Normal Tariff) 1,953.47 Ft 1,873.19-2,381.63
Taxi 1 mile (Normal Tariff) 1,304.89 Ft 1,076.65-1,881.98
Taxi 1hour Waiting (Normal Tariff) 25,047.22 Ft 21,407.88-32,111.82
Gasoline (1 gallon) 3,154.12 Ft 2,662.51-3,393.45
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 14,717,917.68 Ft 13,379,925.17-15,493,953.34
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) 15,485,657.79 Ft 13,620,763.82-16,591,107.21
Utilities (Monthly)
Edit
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment 38,632.73 Ft 19,267.09-66,899.63
Mobile Phone Monthly Plan with Calls and 10GB+ Data 8,885.68 Ft 6,957.56-13,379.93
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 26,359.06 Ft 17,393.90-37,463.79
Sports And Leisure
Edit
Fitness Club, Monthly Fee for 1 Adult 23,130.04 Ft 18,196.70-37,463.79
Tennis Court Rent (1 Hour on Weekend) 11,368.48 Ft 6,957.56-16,055.91
Cinema, International Release, 1 Seat 5,351.97 Ft 4,281.58-6,422.36
Childcare
Edit
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child 96,835.68 Ft 81,617.54-133,799.25
International Primary School, Yearly for 1 Child 2,077,233.38 Ft 1,632,350.87-3,344,981.29
Clothing And Shoes
Edit
1 Pair of Jeans (Levis 501 Or Similar) 42,661.41 Ft 21,675.48-58,871.67
1 Summer Dress in a Chain Store (Zara, H&M, ...) 19,090.79 Ft 10,168.74-53,519.70
1 Pair of Nike Running Shoes (Mid-Range) 55,623.58 Ft 27,562.65-72,251.60
1 Pair of Men Leather Business Shoes 66,882.23 Ft 41,210.17-93,659.48
Rent Per Month
Edit
Apartment (1 bedroom) in City Centre 647,577.78 Ft 428,157.61-856,315.21
Apartment (1 bedroom) Outside of Centre 579,564.04 Ft 347,878.05-749,275.81
Apartment (3 bedrooms) in City Centre 919,646.86 Ft 682,376.18-1,337,992.52
Apartment (3 bedrooms) Outside of Centre 826,330.46 Ft 569,984.81-1,204,193.27
Buy Apartment Price
Edit
Price per Square Feet to Buy Apartment in City Centre 197,880.07 Ft 149,163.05-273,465.58
Price per Square Feet to Buy Apartment Outside of Centre 160,705.93 Ft 124,302.54-221,258.52
Salaries And Financing
Edit
Average Monthly Net Salary (After Tax) 1,585,900.83 Ft
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 7.46 3.69-11.00

Prices in Iceland

This country had 1465 entries in the past 12 months by 211 different contributors.
Last update: June 2024
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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