Cost of Living in Iceland
Summary:
- Family of four estimated monthly costs are 18,807.0zł (596,006.7kr) without rent.
- A single person estimated monthly costs are 5,114.6zł (162,086.8kr) without rent.
- Cost of living in Iceland is, on average, 20.9% higher than in United States.
- Rent in Iceland is, on average, 15.8% lower than in United States.
Restaurants |  Edit |
Range |
|---|---|---|
| Meal, Inexpensive Restaurant | 78.89 zł | |
| Meal for 2 People, Mid-range Restaurant, Three-course | 473.32 zł | |
| McMeal at McDonalds (or Equivalent Combo Meal) | 63.11 zł | |
| Domestic Beer (1 pint draught) | 37.87 zł | |
| Imported Beer (12 oz small bottle) | 31.55 zł | |
| Cappuccino (regular) | 19.23 zł | |
| Coke/Pepsi (12 oz small bottle) | 11.27 zł | |
| Water (12 oz small bottle) | 8.98 zł | |
Markets | Edit |
|
| Milk (regular), (1 gallon) | 24.35 zł | |
| Loaf of Fresh White Bread (1 lb) | 12.48 zł | |
| Rice (white), (1 lb) | 5.92 zł | |
| Eggs (regular) (12) | 23.01 zł | |
| Local Cheese (1 lb) | 25.75 zł | |
| Chicken Fillets (1 lb) | 32.81 zł | |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) | 51.62 zł | |
| Apples (1 lb) | 6.14 zł | |
| Banana (1 lb) | 4.33 zł | |
| Oranges (1 lb) | 4.99 zł | |
| Tomato (1 lb) | 8.65 zł | |
| Potato (1 lb) | 5.10 zł | |
| Onion (1 lb) | 2.66 zł | |
| Lettuce (1 head) | 12.11 zł | |
| Water (1.5 liter bottle) | 8.05 zł | |
| Bottle of Wine (Mid-Range) | 78.89 zł | |
| Domestic Beer (0.5 liter bottle) | 13.15 zł | |
| Imported Beer (12 oz small bottle) | 11.46 zł | |
| Cigarettes 20 Pack (Marlboro) | 49.54 zł | |
Transportation | Edit |
|
| One-way Ticket (Local Transport) | 15.46 zł | |
| Monthly Pass (Regular Price) | 270.11 zł | |
| Taxi Start (Normal Tariff) | 23.04 zł | |
| Taxi 1 mile (Normal Tariff) | 16.81 zł | |
| Taxi 1hour Waiting (Normal Tariff) | 252.44 zł | |
| Gasoline (1 gallon) | 36.49 zł | |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) | 138,683.93 zł | |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) | 154,551.08 zł | |
Utilities (Monthly) | Edit |
|
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment | 458.27 zł | |
| 1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans) | 0.46 zł | |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) | 294.09 zł | |
Sports And Leisure | Edit |
|
| Fitness Club, Monthly Fee for 1 Adult | 269.72 zł | |
| Tennis Court Rent (1 Hour on Weekend) | 153.40 zł | |
| Cinema, International Release, 1 Seat | 56.40 zł | |
Childcare | Edit |
|
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child | 1,162.57 zł | |
| International Primary School, Yearly for 1 Child | 20,274.04 zł | |
Clothing And Shoes | Edit |
|
| 1 Pair of Jeans (Levis 501 Or Similar) | 494.74 zł | |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) | 225.83 zł | |
| 1 Pair of Nike Running Shoes (Mid-Range) | 636.79 zł | |
| 1 Pair of Men Leather Business Shoes | 759.07 zł | |
Rent Per Month | Edit |
|
| Apartment (1 bedroom) in City Centre | 6,634.08 zł | |
| Apartment (1 bedroom) Outside of Centre | 5,537.27 zł | |
| Apartment (3 bedrooms) in City Centre | 9,307.95 zł | |
| Apartment (3 bedrooms) Outside of Centre | 7,986.55 zł | |
Buy Apartment Price | Edit |
|
| Price per Square Feet to Buy Apartment in City Centre | 2,175.47 zł | |
| Price per Square Feet to Buy Apartment Outside of Centre | 1,613.66 zł | |
Salaries And Financing | Edit |
|
| Average Monthly Net Salary (After Tax) | 17,380.43 zł | |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 5.81 |
Prices in Iceland
This country had 1558 entries in the past 12 months by 214 different contributors.
Last update: March 2023
Our data for each country are based on all entries from all cities in that country.
Last update: March 2023
Our data for each country are based on all entries from all cities in that country.
Sources and References
Moving to Iceland? Explore:
Distribution of Expenses Using Our Statistical Model:
This page in other languages:
 DeutschLebenshaltungskosten in Island
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 PortuguêsCusto de Vida na Islândia
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 ItalianoCosto della Vita in Islanda
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 FrançaisCoût de la Vie en Islande
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 EspañolCosto de Vida en Islandia
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