Cost of Living in Iceland
Summary of cost of living in Iceland:
- The estimated monthly costs for a family of four are 21,143.9zł (720,488.0kr), excluding rent.
- The estimated monthly costs for a single person are 5,653.7zł (192,654.2kr), excluding rent.
- Cost of living in Iceland is, on average, 40.5% higher than in United States.
- Rent in Iceland is, on average, 15.7% higher than in United States.
Restaurants |  Edit |
Range |
|---|---|---|
| Meal, Inexpensive Restaurant | 93.18 zł | |
| Meal for 2 People, Mid-range Restaurant, Three-course | 528.24 zł | |
| McMeal at McDonalds (or Equivalent Combo Meal) | 73.37 zł | |
| Domestic Beer (1 pint draught) | 44.02 zł | |
| Imported Beer (12 oz small bottle) | 38.15 zł | |
| Cappuccino (regular) | 22.01 zł | |
| Coke/Pepsi (12 oz small bottle) | 11.82 zł | |
| Water (12 oz small bottle) | 9.61 zł | |
Markets | Edit |
|
| Milk (regular), (1 gallon) | 26.15 zł | |
| Loaf of Fresh White Bread (1 lb) | 13.62 zł | |
| Rice (white), (1 lb) | 5.77 zł | |
| Eggs (regular) (12) | 23.59 zł | |
| Local Cheese (1 lb) | 30.82 zł | |
| Chicken Fillets (1 lb) | 39.93 zł | |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) | 70.88 zł | |
| Apples (1 lb) | 5.11 zł | |
| Banana (1 lb) | 4.08 zł | |
| Oranges (1 lb) | 4.81 zł | |
| Tomato (1 lb) | 8.12 zł | |
| Potato (1 lb) | 5.95 zł | |
| Onion (1 lb) | 3.70 zł | |
| Lettuce (1 head) | 11.57 zł | |
| Water (1.5 liter bottle) | 8.19 zł | |
| Bottle of Wine (Mid-Range) | 86.57 zł | |
| Domestic Beer (0.5 liter bottle) | 13.45 zł | |
| Imported Beer (12 oz small bottle) | 11.43 zł | |
| Cigarettes 20 Pack (Marlboro) | 51.93 zł | |
Transportation | Edit |
|
| One-way Ticket (Local Transport) | 18.78 zł | |
| Monthly Pass (Regular Price) | 306.67 zł | |
| Taxi Start (Normal Tariff) | 23.18 zł | |
| Taxi 1 mile (Normal Tariff) | 15.30 zł | |
| Taxi 1hour Waiting (Normal Tariff) | 314.30 zł | |
| Gasoline (1 gallon) | 34.62 zł | |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) | 172,851.61 zł | |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) | 195,644.16 zł | |
Utilities (Monthly) | Edit |
|
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment | 328.19 zł | |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data | 100.67 zł | |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) | 316.46 zł | |
Sports And Leisure | Edit |
|
| Fitness Club, Monthly Fee for 1 Adult | 292.09 zł | |
| Tennis Court Rent (1 Hour on Weekend) | 136.95 zł | |
| Cinema, International Release, 1 Seat | 64.27 zł | |
Childcare | Edit |
|
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child | 1,280.40 zł | |
| International Primary School, Yearly for 1 Child | 109,882.42 zł | |
Clothing And Shoes | Edit |
|
| 1 Pair of Jeans (Levis 501 Or Similar) | 505.42 zł | |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) | 232.28 zł | |
| 1 Pair of Nike Running Shoes (Mid-Range) | 637.31 zł | |
| 1 Pair of Men Leather Business Shoes | 926.80 zł | |
Rent Per Month | Edit |
|
| Apartment (1 bedroom) in City Centre | 8,070.32 zł | |
| Apartment (1 bedroom) Outside of Centre | 7,287.74 zł | |
| Apartment (3 bedrooms) in City Centre | 11,561.44 zł | |
| Apartment (3 bedrooms) Outside of Centre | 9,921.33 zł | |
Buy Apartment Price | Edit |
|
| Price per Square Feet to Buy Apartment in City Centre | 2,534.67 zł | |
| Price per Square Feet to Buy Apartment Outside of Centre | 2,151.48 zł | |
Salaries And Financing | Edit |
|
| Average Monthly Net Salary (After Tax) | 16,550.70 zł | |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 9.90 |
Prices in Iceland
This country had 1053 entries in the past 12 months by 152 different contributors.
Last update: 21 May 2025
Our data for each country are based on all entries from all cities in that country.
Last update: 21 May 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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