Cost of Living in Iceland

Summary of cost of living in Iceland:

Restaurants
Edit Range
Meal, Inexpensive Restaurant 86.64 zł 57.47-144.39
Meal for 2 People, Mid-range Restaurant, Three-course 470.66 zł 288.78-808.59
McMeal at McDonalds (or Equivalent Combo Meal) 63.53 zł 55.13-72.20
Domestic Beer (1 pint draught) 40.43 zł 25.99-51.98
Imported Beer (12 oz small bottle) 34.65 zł 23.10-51.98
Cappuccino (regular) 19.40 zł 11.98-28.88
Coke/Pepsi (12 oz small bottle) 11.41 zł 8.09-15.11
Water (12 oz small bottle) 8.20 zł 5.78-13.00
Markets
Edit
Milk (regular), (1 gallon) 24.59 zł 18.26-32.79
Loaf of Fresh White Bread (1 lb) 12.54 zł 7.75-26.20
Rice (white), (1 lb) 5.66 zł 3.41-10.22
Eggs (regular) (12) 23.15 zł 17.27-34.65
Local Cheese (1 lb) 26.65 zł 15.72-39.30
Chicken Fillets (1 lb) 33.73 zł 23.58-48.45
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 55.28 zł 30.13-87.10
Apples (1 lb) 5.67 zł 3.27-9.81
Banana (1 lb) 3.99 zł 3.27-6.55
Oranges (1 lb) 4.97 zł 3.60-11.70
Tomato (1 lb) 8.26 zł 3.99-13.10
Potato (1 lb) 5.44 zł 2.95-9.17
Onion (1 lb) 3.40 zł 1.44-6.81
Lettuce (1 head) 12.51 zł 5.78-20.21
Water (1.5 liter bottle) 9.12 zł 3.15-15.28
Bottle of Wine (Mid-Range) 79.42 zł 57.76-129.95
Domestic Beer (0.5 liter bottle) 12.67 zł 9.24-17.33
Imported Beer (12 oz small bottle) 10.70 zł 7.71-14.44
Cigarettes 20 Pack (Marlboro) 46.21 zł 43.00-57.76
Transportation
Edit
One-way Ticket (Local Transport) 16.46 zł 14.15-18.19
Monthly Pass (Regular Price) 268.57 zł 231.03-375.42
Taxi Start (Normal Tariff) 21.08 zł 20.21-25.70
Taxi 1 mile (Normal Tariff) 15.06 zł 13.29-22.31
Taxi 1hour Waiting (Normal Tariff) 270.30 zł 231.03-346.54
Gasoline (1 gallon) 34.04 zł 28.73-36.07
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 150,023.00 zł 129,952.55-167,205.61
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) 166,559.18 zł 146,990.77-179,045.73
Utilities (Monthly)
Edit
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment 417.79 zł 202.15-721.96
Mobile Phone Monthly Plan with Calls and 10GB+ Data 93.20 zł 72.20-144.39
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 269.83 zł 187.71-375.42
Sports And Leisure
Edit
Fitness Club, Monthly Fee for 1 Adult 248.65 zł 192.52-404.30
Tennis Court Rent (1 Hour on Weekend) 122.68 zł 75.08-173.27
Cinema, International Release, 1 Seat 57.76 zł 46.21-66.42
Childcare
Edit
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child 1,042.54 zł 866.35-1,443.92
International Primary School, Yearly for 1 Child 22,416.81 zł 17,615.79-36,097.93
Clothing And Shoes
Edit
1 Pair of Jeans (Levis 501 Or Similar) 467.32 zł 236.80-577.57
1 Summer Dress in a Chain Store (Zara, H&M, ...) 206.88 zł 109.74-462.05
1 Pair of Nike Running Shoes (Mid-Range) 601.60 zł 297.45-779.72
1 Pair of Men Leather Business Shoes 718.03 zł 440.39-1,010.74
Rent Per Month
Edit
Apartment (1 bedroom) in City Centre 6,865.37 zł 4,620.54-8,663.50
Apartment (1 bedroom) Outside of Centre 6,103.43 zł 3,754.18-8,085.94
Apartment (3 bedrooms) in City Centre 9,879.28 zł 7,363.98-13,717.21
Apartment (3 bedrooms) Outside of Centre 8,868.77 zł 6,353.24-12,995.25
Buy Apartment Price
Edit
Price per Square Feet to Buy Apartment in City Centre 2,119.92 zł 1,609.72-2,951.15
Price per Square Feet to Buy Apartment Outside of Centre 1,726.22 zł 1,341.43-2,387.75
Salaries And Financing
Edit
Average Monthly Net Salary (After Tax) 16,722.87 zł
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 7.28 3.69-10.50

Prices in Iceland

This country had 1361 entries in the past 12 months by 180 different contributors.
Last update: February 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:
  
This page in other languages: