NUMBEO

Cost of Living in Iceland

Cost of living in Iceland is 66.91% higher than in United States (aggregate data for all cities, rent is not taken into account). Rent in Iceland is 37.25% higher than in United States (average data for all cities).
Restaurants [ Edit ] Range
Meal, Inexpensive Restaurant 2,200.00 kr 1,900.00-3,000.00
Meal for 2 People, Mid-range Restaurant, Three-course 12,000.00 kr 8,000.00-15,000.00
McMeal at McDonalds (or Equivalent Combo Meal) 1,595.00 kr 1,500.00-2,000.00
Domestic Beer (1 pint draught) 1,100.00 kr 1,000.00-1,200.00
Imported Beer (11.2 oz small bottle) 1,000.00 kr 750.00-1,200.00
Cappuccino (regular) 528.00 kr 450.00-622.36
Coke/Pepsi (11.2 oz small bottle) 291.59 kr 200.00-400.00
Water (11.2 oz small bottle) 226.57 kr 150.00-300.00
Markets [ Edit ]
Milk (regular), (1 gallon) 569.85 kr 492.10-757.08
Loaf of Fresh White Bread (1 lb) 321.81 kr 226.23-453.59
Rice (white), (1 lb) 169.44 kr 113.40-230.88
Eggs (regular) (12) 618.00 kr 480.00-700.00
Local Cheese (1 lb) 747.17 kr 612.35-907.19
Chicken Breasts (Boneless, Skinless), (1 lb) 967.45 kr 680.39-1,233.77
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 1,426.35 kr 907.19-1,814.37
Apples (1 lb) 146.96 kr 89.81-226.80
Banana (1 lb) 133.90 kr 108.41-187.79
Oranges (1 lb) 143.76 kr 108.86-181.44
Tomato (1 lb) 224.13 kr 149.23-317.52
Potato (1 lb) 129.16 kr 90.72-167.38
Onion (1 lb) 79.26 kr 47.63-136.08
Lettuce (1 head) 318.47 kr 200.00-400.00
Water (1.5 liter bottle) 247.11 kr 170.00-350.00
Bottle of Wine (Mid-Range) 2,500.00 kr 2,000.00-3,000.00
Domestic Beer (0.5 liter bottle) 389.42 kr 320.00-500.00
Imported Beer (11.2 oz small bottle) 351.56 kr 290.00-450.00
Pack of Cigarettes (Marlboro) 1,300.00 kr 1,200.00-1,500.00
Transportation [ Edit ]
One-way Ticket (Local Transport) 440.00 kr 420.00-450.00
Monthly Pass (Regular Price) 11,750.00 kr 11,300.00-11,750.00
Taxi Start (Normal Tariff) 690.00 kr 690.00-780.00
Taxi 1 mile (Normal Tariff) 464.30 kr 366.93-531.08
Taxi 1hour Waiting (Normal Tariff) 7,440.00 kr 7,440.00-8,000.00
Gasoline (1 gallon) 739.68 kr 704.84-757.08
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 3,290,000.00 kr 3,090,000.00-3,450,000.00
Toyota Corolla 1.6l 97kW Comfort (Or Equivalent New Car) 3,643,636.36 kr 3,180,000.00-3,970,000.00
Utilities (Monthly) [ Edit ]
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment 11,898.21 kr 6,181.82-20,000.00
1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans) 19.98 kr 15.00-23.00
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 6,494.12 kr 3,990.00-9,000.00
Sports And Leisure [ Edit ]
Fitness Club, Monthly Fee for 1 Adult 8,002.65 kr 6,000.00-12,490.00
Tennis Court Rent (1 Hour on Weekend) 3,145.45 kr 1,500.00-4,000.00
Cinema, International Release, 1 Seat 1,490.00 kr 1,300.00-1,540.00
Childcare [ Edit ]
Preschool (or Kindergarten), Private, Monthly for 1 Child 36,905.78 kr 30,000.00-46,855.00
International Primary School, Yearly for 1 Child 2,400,000.00 kr 2,400,000.00-2,400,000.00
Clothing And Shoes [ Edit ]
1 Pair of Jeans (Levis 501 Or Similar) 16,198.69 kr 10,000.00-20,000.00
1 Summer Dress in a Chain Store (Zara, H&M, ...) 9,306.54 kr 5,000.00-12,900.00
1 Pair of Nike Running Shoes (Mid-Range) 18,637.42 kr 14,000.00-24,900.00
1 Pair of Men Leather Business Shoes 25,559.60 kr 19,995.00-32,995.00
Rent Per Month [ Edit ]
Apartment (1 bedroom) in City Centre 169,592.78 kr 112,024.10-220,000.00
Apartment (1 bedroom) Outside of Centre 134,829.05 kr 90,000.00-175,000.00
Apartment (3 bedrooms) in City Centre 265,789.47 kr 200,000.00-300,000.00
Apartment (3 bedrooms) Outside of Centre 220,512.82 kr 160,000.00-260,000.00
Buy Apartment Price [ Edit ]
Price per Square Feet to Buy Apartment in City Centre 48,727.24 kr 37,160.91-60,386.47
Price per Square Feet to Buy Apartment Outside of Centre 34,797.06 kr 27,870.68-46,451.13
Salaries And Financing [ Edit ]
Average Monthly Net Salary (After Tax) 312,656.75 kr
Mortgage Interest Rate in Percentages (%), Yearly 6.45 4.15-7.80

Prices in Iceland

These data are based on 2508 entries in the past 18 months from 261 different contributors.
Last update: October 2017
Our data for each country are based on all entries from all cities in that country.
Sources and References: Info
No sources and references provided yet.
Add new source here:
URL:
Description:
More about Iceland: Cost of Living | Crime | Climate | Food Prices | Gas Prices | Health Care | Pollution | Property Prices | Quality of Life | Taxi Fare | Traffic

Cost of Living in this country for some cities: Akureyri, Reykjavik

We would like to gather more data for: Akranes, Bakkafjordur, Bildudalur, Blonduos, Bolungarvik, Bordeyri, Borgarnes, Dalvik, Drangsnes, Egilsstadir, Eidar, ... Update information for Iceland!