Cost of Living in Iceland

Cost of living in Iceland is 30.45% higher than in United States (aggregate data for all cities, rent is not taken into account).

Rent in Iceland is, on average, 0.07% higher than in United States.

Restaurants
[ Edit ] Range
Meal, Inexpensive Restaurant 69.44 zł 41.66-124.99
Meal for 2 People, Mid-range Restaurant, Three-course 388.86 zł 277.75-1,573.90
McMeal at McDonalds (or Equivalent Combo Meal) 50.00 zł 41.66-55.55
Domestic Beer (1 pint draught) 33.33 zł 25.00-41.66
Imported Beer (12 oz small bottle) 27.78 zł 22.22-41.66
Cappuccino (regular) 16.08 zł 11.11-22.22
Coke/Pepsi (12 oz small bottle) 9.20 zł 5.56-16.67
Water (12 oz small bottle) 7.19 zł 5.56-9.72
Markets
[ Edit ]
Milk (regular), (1 gallon) 17.97 zł 15.67-26.29
Loaf of Fresh White Bread (1 lb) 10.34 zł 7.43-16.38
Rice (white), (1 lb) 4.63 zł 2.52-7.42
Eggs (regular) (12) 18.97 zł 13.25-22.83
Local Cheese (1 lb) 19.63 zł 12.60-37.80
Chicken Fillets (1 lb) 25.04 zł 16.38-31.50
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 42.96 zł 31.50-61.73
Apples (1 lb) 4.17 zł 2.39-6.30
Banana (1 lb) 3.82 zł 2.52-5.62
Oranges (1 lb) 4.10 zł 3.15-7.56
Tomato (1 lb) 7.14 zł 4.41-10.08
Potato (1 lb) 3.95 zł 2.27-5.03
Onion (1 lb) 2.89 zł 1.23-5.04
Lettuce (1 head) 8.58 zł 5.56-11.11
Water (1.5 liter bottle) 6.54 zł 3.75-9.94
Bottle of Wine (Mid-Range) 69.44 zł 50.00-112.42
Domestic Beer (0.5 liter bottle) 10.90 zł 8.03-16.67
Imported Beer (12 oz small bottle) 10.23 zł 8.33-13.89
Cigarettes 20 Pack (Marlboro) 40.27 zł 38.61-46.94
Transportation
[ Edit ]
One-way Ticket (Local Transport) 13.33 zł 12.50-13.61
Monthly Pass (Regular Price) 355.53 zł 305.53-363.86
Taxi Start (Normal Tariff) 19.44 zł 19.17-30.55
Taxi 1 mile (Normal Tariff) 13.41 zł 10.82-22.35
Taxi 1hour Waiting (Normal Tariff) 219.98 zł 219.98-277.75
Gasoline (1 gallon) 23.54 zł 21.03-25.55
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 105,268.93 zł 98,602.82-111,101.77
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) 116,934.61 zł 110,824.02-124,989.49
Utilities (Monthly)
[ Edit ]
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment 390.27 zł 194.43-638.84
1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans) 0.66 zł 0.39-1.00
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 244.94 zł 166.65-388.86
Sports And Leisure
[ Edit ]
Fitness Club, Monthly Fee for 1 Adult 204.21 zł 166.65-317.47
Tennis Court Rent (1 Hour on Weekend) 133.81 zł 83.33-244.42
Cinema, International Release, 1 Seat 44.44 zł 38.89-55.55
Childcare
[ Edit ]
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child 975.77 zł 722.16-1,333.22
International Primary School, Yearly for 1 Child 18,873.41 zł 8,332.63-33,330.53
Clothing And Shoes
[ Edit ]
1 Pair of Jeans (Levis 501 Or Similar) 417.37 zł 277.75-555.51
1 Summer Dress in a Chain Store (Zara, H&M, ...) 205.59 zł 97.21-333.31
1 Pair of Nike Running Shoes (Mid-Range) 526.95 zł 333.31-694.39
1 Pair of Men Leather Business Shoes 644.24 zł 416.63-972.14
Rent Per Month
[ Edit ]
Apartment (1 bedroom) in City Centre 4,998.34 zł 3,610.81-6,943.86
Apartment (1 bedroom) Outside of Centre 4,132.73 zł 2,777.54-5,555.09
Apartment (3 bedrooms) in City Centre 7,821.81 zł 6,110.60-11,110.18
Apartment (3 bedrooms) Outside of Centre 6,724.89 zł 5,555.09-8,888.14
Buy Apartment Price
[ Edit ]
Price per Square Feet to Buy Apartment in City Centre 1,446.00 zł 1,032.16-1,873.58
Price per Square Feet to Buy Apartment Outside of Centre 1,132.50 zł 903.14-1,548.24
Salaries And Financing
[ Edit ]
Average Monthly Net Salary (After Tax) 11,086.43 zł
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 5.90 3.90-7.33

Prices in Iceland

This country had 2081 entries in the past 12 months by 233 different contributors.
Last update: November 2020
Our data for each country are based on all entries from all cities in that country.
Sources and References
  
This page in other languages:

DeutschLebenshaltungskosten in Island
PortuguêsCusto de Vida na Islândia
ItalianoCosto della Vita in Islanda
FrançaisCoût de la Vie en Islande
EspañolCosto de Vida en Islandia