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Cost of Living in Iceland

Cost of living in Iceland is 39.66% higher than in United States (aggregate data for all cities, rent is not taken into account). Rent in Iceland is 14.21% higher than in United States (average data for all cities).
Restaurants [ Edit ] Range
Meal, Inexpensive Restaurant 79.34 zł 53.95-97.94
Meal for 2 People, Mid-range Restaurant, Three-course 396.68 zł 285.61-539.49
McMeal at McDonalds (or Equivalent Combo Meal) 50.78 zł 47.01-63.47
Domestic Beer (1 pint draught) 38.08 zł 31.73-39.67
Imported Beer (12 oz small bottle) 31.73 zł 25.39-38.08
Cappuccino (regular) 17.51 zł 14.28-20.63
Coke/Pepsi (12 oz small bottle) 9.52 zł 5.71-15.23
Water (12 oz small bottle) 7.89 zł 4.76-11.11
Markets [ Edit ]
Milk (regular), (1 gallon) 18.81 zł 17.42-21.50
Loaf of Fresh White Bread (1 lb) 9.89 zł 7.84-12.60
Rice (white), (1 lb) 4.86 zł 2.88-8.32
Eggs (regular) (12) 19.50 zł 15.87-22.85
Local Cheese (1 lb) 23.58 zł 17.89-30.23
Chicken Breasts (Boneless, Skinless), (1 lb) 28.00 zł 23.03-33.11
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 44.08 zł 28.79-70.53
Apples (1 lb) 4.24 zł 3.31-5.31
Banana (1 lb) 3.51 zł 2.88-4.32
Oranges (1 lb) 4.48 zł 3.60-5.88
Tomato (1 lb) 7.11 zł 5.04-8.64
Potato (1 lb) 3.80 zł 2.88-5.61
Onion (1 lb) 3.22 zł 1.15-4.89
Lettuce (1 head) 8.81 zł 5.88-11.71
Water (1.5 liter bottle) 6.65 zł 3.92-9.52
Bottle of Wine (Mid-Range) 79.34 zł 63.47-95.20
Domestic Beer (0.5 liter bottle) 10.71 zł 9.17-12.69
Imported Beer (12 oz small bottle) 10.82 zł 9.52-13.33
Cigarettes 20 Pack (Marlboro) 44.11 zł 38.08-47.60
Transportation [ Edit ]
One-way Ticket (Local Transport) 14.60 zł 13.96-14.92
Monthly Pass (Regular Price) 390.33 zł 349.08-406.20
Taxi Start (Normal Tariff) 21.90 zł 21.90-25.39
Taxi 1 mile (Normal Tariff) 15.32 zł 12.36-22.52
Taxi 1hour Waiting (Normal Tariff) 251.34 zł 236.10-264.67
Gasoline (1 gallon) 26.81 zł 25.15-28.47
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 112,657.39 zł 103,137.04-132,967.45
Toyota Corolla 1.6l 97kW Comfort (Or Equivalent New Car) 127,736.73 zł 103,771.73-142,805.14
Utilities (Monthly) [ Edit ]
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment 370.52 zł 222.14-634.69
1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans) 0.67 zł 0.48-0.86
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 261.76 zł 190.41-331.63
Sports And Leisure [ Edit ]
Fitness Club, Monthly Fee for 1 Adult 244.05 zł 190.41-362.73
Tennis Court Rent (1 Hour on Weekend) 142.25 zł 101.55-285.61
Cinema, International Release, 1 Seat 50.46 zł 46.01-53.31
Childcare [ Edit ]
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child 1,098.73 zł 800.79-1,428.05
International Primary School, Yearly for 1 Child 23,546.98 zł 7,997.09-38,081.37
Clothing And Shoes [ Edit ]
1 Pair of Jeans (Levis 501 Or Similar) 435.71 zł 253.88-602.96
1 Summer Dress in a Chain Store (Zara, H&M, ...) 204.38 zł 111.07-380.81
1 Pair of Nike Running Shoes (Mid-Range) 565.94 zł 474.43-793.36
1 Pair of Men Leather Business Shoes 752.26 zł 536.31-1,015.50
Rent Per Month [ Edit ]
Apartment (1 bedroom) in City Centre 5,842.74 zł 4,442.83-7,933.62
Apartment (1 bedroom) Outside of Centre 4,793.23 zł 3,490.79-6,346.90
Apartment (3 bedrooms) in City Centre 8,873.21 zł 6,981.58-11,107.07
Apartment (3 bedrooms) Outside of Centre 7,502.29 zł 6,029.55-9,520.34
Buy Apartment Price [ Edit ]
Price per Square Feet to Buy Apartment in City Centre 1,729.84 zł 1,356.17-2,358.56
Price per Square Feet to Buy Apartment Outside of Centre 1,285.80 zł 1,031.87-1,621.51
Salaries And Financing [ Edit ]
Average Monthly Net Salary (After Tax) 12,315.84 zł
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.45 0.16-0.24

Prices in Iceland

These data are based on 2851 entries in the past 18 months from 326 different contributors.
Last update: September 2019
Our data for each country are based on all entries from all cities in that country.
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DeutschLebenshaltungskosten in Island
PortuguêsCusto de Vida na Islândia
ItalianoCosto della Vita in Islanda
FrançaisCoût de la Vie en Islande
EspañolCosto de Vida en Islandia

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

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