Cost of Living in Iceland
Summary of cost of living in Iceland:
- A family of four estimated monthly costs are 20,485.7zł (709,548.1kr) without rent.
- A single person estimated monthly costs are 5,475.8zł (189,662.5kr) without rent.
- Cost of living in Iceland is, on average, 27.6% higher than in United States.
- Rent in Iceland is, on average, 6.1% higher than in United States.
Restaurants |  Edit |
Range |
|---|---|---|
| Meal, Inexpensive Restaurant | 86.61 zł | |
| Meal for 2 People, Mid-range Restaurant, Three-course | 519.69 zł | |
| McMeal at McDonalds (or Equivalent Combo Meal) | 72.18 zł | |
| Domestic Beer (1 pint draught) | 43.31 zł | |
| Imported Beer (12 oz small bottle) | 37.53 zł | |
| Cappuccino (regular) | 21.40 zł | |
| Coke/Pepsi (12 oz small bottle) | 12.09 zł | |
| Water (12 oz small bottle) | 9.40 zł | |
Markets | Edit |
|
| Milk (regular), (1 gallon) | 25.73 zł | |
| Loaf of Fresh White Bread (1 lb) | 13.40 zł | |
| Rice (white), (1 lb) | 5.62 zł | |
| Eggs (regular) (12) | 23.19 zł | |
| Local Cheese (1 lb) | 29.11 zł | |
| Chicken Fillets (1 lb) | 37.79 zł | |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) | 64.71 zł | |
| Apples (1 lb) | 5.29 zł | |
| Banana (1 lb) | 4.04 zł | |
| Oranges (1 lb) | 4.77 zł | |
| Tomato (1 lb) | 8.65 zł | |
| Potato (1 lb) | 5.92 zł | |
| Onion (1 lb) | 3.60 zł | |
| Lettuce (1 head) | 11.95 zł | |
| Water (1.5 liter bottle) | 8.70 zł | |
| Bottle of Wine (Mid-Range) | 86.61 zł | |
| Domestic Beer (0.5 liter bottle) | 12.87 zł | |
| Imported Beer (12 oz small bottle) | 10.93 zł | |
| Cigarettes 20 Pack (Marlboro) | 49.80 zł | |
Transportation | Edit |
|
| One-way Ticket (Local Transport) | 18.19 zł | |
| Monthly Pass (Regular Price) | 300.26 zł | |
| Taxi Start (Normal Tariff) | 22.81 zł | |
| Taxi 1 mile (Normal Tariff) | 15.05 zł | |
| Taxi 1hour Waiting (Normal Tariff) | 306.61 zł | |
| Gasoline (1 gallon) | 34.06 zł | |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) | 173,228.53 zł | |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) | 188,447.90 zł | |
Utilities (Monthly) | Edit |
|
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment | 316.50 zł | |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data | 98.91 zł | |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) | 298.31 zł | |
Sports And Leisure | Edit |
|
| Fitness Club, Monthly Fee for 1 Adult | 288.10 zł | |
| Tennis Court Rent (1 Hour on Weekend) | 152.19 zł | |
| Cinema, International Release, 1 Seat | 59.19 zł | |
Childcare | Edit |
|
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child | 1,188.20 zł | |
| International Primary School, Yearly for 1 Child | 10,105.00 zł | |
Clothing And Shoes | Edit |
|
| 1 Pair of Jeans (Levis 501 Or Similar) | 494.62 zł | |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) | 228.66 zł | |
| 1 Pair of Nike Running Shoes (Mid-Range) | 638.97 zł | |
| 1 Pair of Men Leather Business Shoes | 847.41 zł | |
Rent Per Month | Edit |
|
| Apartment (1 bedroom) in City Centre | 7,995.39 zł | |
| Apartment (1 bedroom) Outside of Centre | 7,183.01 zł | |
| Apartment (3 bedrooms) in City Centre | 11,374.23 zł | |
| Apartment (3 bedrooms) Outside of Centre | 9,836.27 zł | |
Buy Apartment Price | Edit |
|
| Price per Square Feet to Buy Apartment in City Centre | 2,390.17 zł | |
| Price per Square Feet to Buy Apartment Outside of Centre | 2,004.80 zł | |
Salaries And Financing | Edit |
|
| Average Monthly Net Salary (After Tax) | 17,570.43 zł | |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 9.48 |
Prices in Iceland
This country had 933 entries in the past 12 months by 135 different contributors.
Last update: January 2025
Our data for each country are based on all entries from all cities in that country.
Last update: January 2025
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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