Cost of Living in Iceland
Summary of cost of living in Iceland:
- A family of four estimated monthly costs are 19,108.3zł (662,956.2kr) without rent.
- A single person estimated monthly costs are 5,166.8zł (179,262.0kr) without rent.
- Cost of living in Iceland is, on average, 15.7% higher than in United States.
- Rent in Iceland is, on average, 9.1% lower than in United States.
Restaurants |  Edit |
Range |
|---|---|---|
| Meal, Inexpensive Restaurant | 86.47 zł | |
| Meal for 2 People, Mid-range Restaurant, Three-course | 474.73 zł | |
| McMeal at McDonalds (or Equivalent Combo Meal) | 66.26 zł | |
| Domestic Beer (1 pint draught) | 40.35 zł | |
| Imported Beer (12 oz small bottle) | 34.59 zł | |
| Cappuccino (regular) | 19.52 zł | |
| Coke/Pepsi (12 oz small bottle) | 11.31 zł | |
| Water (12 oz small bottle) | 8.38 zł | |
Markets | Edit |
|
| Milk (regular), (1 gallon) | 24.48 zł | |
| Loaf of Fresh White Bread (1 lb) | 12.52 zł | |
| Rice (white), (1 lb) | 5.69 zł | |
| Eggs (regular) (12) | 23.06 zł | |
| Local Cheese (1 lb) | 26.60 zł | |
| Chicken Fillets (1 lb) | 33.88 zł | |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) | 56.66 zł | |
| Apples (1 lb) | 5.53 zł | |
| Banana (1 lb) | 3.97 zł | |
| Oranges (1 lb) | 4.83 zł | |
| Tomato (1 lb) | 8.54 zł | |
| Potato (1 lb) | 5.56 zł | |
| Onion (1 lb) | 3.23 zł | |
| Lettuce (1 head) | 12.35 zł | |
| Water (1.5 liter bottle) | 8.22 zł | |
| Bottle of Wine (Mid-Range) | 80.70 zł | |
| Domestic Beer (0.5 liter bottle) | 12.51 zł | |
| Imported Beer (12 oz small bottle) | 10.65 zł | |
| Cigarettes 20 Pack (Marlboro) | 46.12 zł | |
Transportation | Edit |
|
| One-way Ticket (Local Transport) | 16.43 zł | |
| Monthly Pass (Regular Price) | 268.05 zł | |
| Taxi Start (Normal Tariff) | 21.04 zł | |
| Taxi 1 mile (Normal Tariff) | 15.03 zł | |
| Taxi 1hour Waiting (Normal Tariff) | 269.78 zł | |
| Gasoline (1 gallon) | 33.91 zł | |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) | 149,734.45 zł | |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) | 168,776.03 zł | |
Utilities (Monthly) | Edit |
|
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment | 426.14 zł | |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data | 95.71 zł | |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) | 284.53 zł | |
Sports And Leisure | Edit |
|
| Fitness Club, Monthly Fee for 1 Adult | 255.52 zł | |
| Tennis Court Rent (1 Hour on Weekend) | 122.45 zł | |
| Cinema, International Release, 1 Seat | 57.65 zł | |
Childcare | Edit |
|
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child | 1,081.97 zł | |
| International Primary School, Yearly for 1 Child | 22,373.70 zł | |
Clothing And Shoes | Edit |
|
| 1 Pair of Jeans (Levis 501 Or Similar) | 467.33 zł | |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) | 204.46 zł | |
| 1 Pair of Nike Running Shoes (Mid-Range) | 605.09 zł | |
| 1 Pair of Men Leather Business Shoes | 716.47 zł | |
Rent Per Month | Edit |
|
| Apartment (1 bedroom) in City Centre | 6,996.88 zł | |
| Apartment (1 bedroom) Outside of Centre | 6,227.68 zł | |
| Apartment (3 bedrooms) in City Centre | 9,830.68 zł | |
| Apartment (3 bedrooms) Outside of Centre | 8,906.25 zł | |
Buy Apartment Price | Edit |
|
| Price per Square Feet to Buy Apartment in City Centre | 2,148.16 zł | |
| Price per Square Feet to Buy Apartment Outside of Centre | 1,750.97 zł | |
Salaries And Financing | Edit |
|
| Average Monthly Net Salary (After Tax) | 16,698.49 zł | |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 7.37 |
Prices in Iceland
This country had 1405 entries in the past 12 months by 196 different contributors.
Last update: April 2024
Our data for each country are based on all entries from all cities in that country.
Last update: April 2024
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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