Cost of Living in Iceland

Summary of cost of living in Iceland:

A family of four estimated monthly costs are 19,069.5zł (665,423.6kr) without rent.
A single person estimated monthly costs are 5,143.4zł (179,475.6kr) without rent.
Cost of living in Iceland is, on average, 19.9% higher than in United States.
Rent in Iceland is, on average, 7.9% lower than in United States.

Restaurants	Edit	Range
Meal, Inexpensive Restaurant	85.97 zł	57.03-143.29
Meal for 2 People, Mid-range Restaurant, Three-course	473.47 zł	286.58-802.42
McMeal at McDonalds (or Equivalent Combo Meal)	65.91 zł	57.32-71.64
Domestic Beer (1 pint draught)	40.12 zł	25.79-51.58
Imported Beer (12 oz small bottle)	34.39 zł	23.67-51.58
Cappuccino (regular)	20.12 zł	11.84-28.66
Coke/Pepsi (12 oz small bottle)	11.73 zł	8.02-15.00
Water (12 oz small bottle)	8.61 zł	5.73-12.90
Markets	Edit
Milk (regular), (1 gallon)	24.70 zł	18.44-32.54
Loaf of Fresh White Bread (1 lb)	12.35 zł	7.70-20.80
Rice (white), (1 lb)	5.24 zł	3.64-8.31
Eggs (regular) (12)	22.75 zł	17.14-27.51
Local Cheese (1 lb)	26.80 zł	15.60-38.16
Chicken Fillets (1 lb)	34.69 zł	19.73-48.08
Beef Round (1 lb) (or Equivalent Back Leg Red Meat)	58.77 zł	29.90-90.99
Apples (1 lb)	5.07 zł	3.25-9.74
Banana (1 lb)	3.98 zł	3.25-6.50
Oranges (1 lb)	4.79 zł	3.51-9.75
Tomato (1 lb)	8.45 zł	3.95-12.34
Potato (1 lb)	5.49 zł	2.92-7.15
Onion (1 lb)	3.25 zł	1.55-6.76
Lettuce (1 head)	11.79 zł	5.73-18.46
Water (1.5 liter bottle)	8.02 zł	3.44-14.33
Bottle of Wine (Mid-Range)	83.64 zł	57.32-128.96
Domestic Beer (0.5 liter bottle)	12.65 zł	9.46-17.19
Imported Beer (12 oz small bottle)	10.37 zł	7.16-14.33
Cigarettes 20 Pack (Marlboro)	47.29 zł	42.99-57.03
Transportation	Edit
One-way Ticket (Local Transport)	16.33 zł	14.33-18.05
Monthly Pass (Regular Price)	266.52 zł	257.92-309.50
Taxi Start (Normal Tariff)	20.92 zł	20.06-25.51
Taxi 1 mile (Normal Tariff)	14.94 zł	13.19-22.14
Taxi 1hour Waiting (Normal Tariff)	283.71 zł	229.26-343.89
Gasoline (1 gallon)	33.77 zł	28.51-36.34
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car)	165,928.04 zł	146,154.23-171,946.15
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car)	169,961.61 zł	154,751.54-193,439.42
Utilities (Monthly)	Edit
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment	395.36 zł	206.34-716.44
Mobile Phone Monthly Plan with Calls and 10GB+ Data	95.50 zł	71.64-143.29
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL)	279.10 zł	186.27-429.87
Sports And Leisure	Edit
Fitness Club, Monthly Fee for 1 Adult	255.81 zł	191.05-415.54
Tennis Court Rent (1 Hour on Weekend)	118.56 zł	74.51-171.95
Cinema, International Release, 1 Seat	57.32 zł	48.43-68.78
Childcare	Edit
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child	1,045.85 zł	887.24-1,432.88
International Primary School, Yearly for 1 Child	22,245.53 zł	17,481.19-35,822.11
Clothing And Shoes	Edit
1 Pair of Jeans (Levis 501 Or Similar)	449.56 zł	232.13-573.15
1 Summer Dress in a Chain Store (Zara, H&M, ...)	201.03 zł	108.90-458.52
1 Pair of Nike Running Shoes (Mid-Range)	590.16 zł	292.31-773.76
1 Pair of Men Leather Business Shoes	699.34 zł	437.03-1,003.02
Rent Per Month	Edit
Apartment (1 bedroom) in City Centre	7,165.90 zł	5,158.38-8,597.31
Apartment (1 bedroom) Outside of Centre	6,360.09 zł	4,298.65-8,024.15
Apartment (3 bedrooms) in City Centre	10,047.54 zł	7,594.29-12,895.96
Apartment (3 bedrooms) Outside of Centre	9,059.92 zł	6,447.98-11,463.08
Buy Apartment Price	Edit
Price per Square Feet to Buy Apartment in City Centre	2,143.20 zł	1,663.98-2,662.36
Price per Square Feet to Buy Apartment Outside of Centre	1,715.60 zł	1,331.18-2,369.50
Salaries And Financing	Edit
Average Monthly Net Salary (After Tax)	16,552.61 zł
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate	7.44	3.70-10.50

Prices in Iceland

This country had 1691 entries in the past 12 months by 228 different contributors.
Last update: July 2024
Our data for each country are based on all entries from all cities in that country.

Sources and References