Cost of Living in Iceland

Summary:

Restaurants
Edit Range
Meal, Inexpensive Restaurant 78.89 zł 56.80-157.77
Meal for 2 People, Mid-range Restaurant, Three-course 473.32 zł 315.55-631.10
McMeal at McDonalds (or Equivalent Combo Meal) 63.11 zł 55.22-78.89
Domestic Beer (1 pint draught) 37.87 zł 29.98-50.49
Imported Beer (12 oz small bottle) 31.55 zł 25.24-47.33
Cappuccino (regular) 19.23 zł 12.62-28.40
Coke/Pepsi (12 oz small bottle) 11.27 zł 7.89-16.36
Water (12 oz small bottle) 8.98 zł 6.31-14.52
Markets
Edit
Milk (regular), (1 gallon) 24.35 zł 19.95-29.26
Loaf of Fresh White Bread (1 lb) 12.48 zł 7.41-22.90
Rice (white), (1 lb) 5.92 zł 3.36-10.73
Eggs (regular) (12) 23.01 zł 17.76-35.97
Local Cheese (1 lb) 25.75 zł 15.09-37.21
Chicken Fillets (1 lb) 32.81 zł 25.75-40.19
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 51.62 zł 28.63-78.72
Apples (1 lb) 6.14 zł 3.58-10.72
Banana (1 lb) 4.33 zł 3.36-7.16
Oranges (1 lb) 4.99 zł 3.85-10.73
Tomato (1 lb) 8.65 zł 4.28-12.88
Potato (1 lb) 5.10 zł 2.86-7.43
Onion (1 lb) 2.66 zł 1.43-7.16
Lettuce (1 head) 12.11 zł 6.31-22.09
Water (1.5 liter bottle) 8.05 zł 3.44-16.69
Bottle of Wine (Mid-Range) 78.89 zł 63.11-142.00
Domestic Beer (0.5 liter bottle) 13.15 zł 10.41-18.14
Imported Beer (12 oz small bottle) 11.46 zł 9.47-15.78
Cigarettes 20 Pack (Marlboro) 49.54 zł 44.18-62.79
Transportation
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One-way Ticket (Local Transport) 15.46 zł 14.52-18.62
Monthly Pass (Regular Price) 270.11 zł 236.66-419.68
Taxi Start (Normal Tariff) 23.04 zł 21.14-26.82
Taxi 1 mile (Normal Tariff) 16.81 zł 12.70-25.39
Taxi 1hour Waiting (Normal Tariff) 252.44 zł 249.92-295.35
Gasoline (1 gallon) 36.49 zł 27.47-40.73
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 138,683.93 zł 119,908.74-166,925.59
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) 154,551.08 zł 130,952.97-189,298.04
Utilities (Monthly)
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Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment 458.27 zł 227.20-788.87
1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans) 0.46 zł 0.17-0.63
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 294.09 zł 205.11-410.21
Sports And Leisure
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Fitness Club, Monthly Fee for 1 Adult 269.72 zł 210.37-457.55
Tennis Court Rent (1 Hour on Weekend) 153.40 zł 82.04-201.95
Cinema, International Release, 1 Seat 56.40 zł 44.18-64.69
Childcare
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Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child 1,162.57 zł 915.09-1,893.30
International Primary School, Yearly for 1 Child 20,274.04 zł 9,466.48-31,554.93
Clothing And Shoes
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1 Pair of Jeans (Levis 501 Or Similar) 494.74 zł 258.75-631.10
1 Summer Dress in a Chain Store (Zara, H&M, ...) 225.83 zł 116.75-410.21
1 Pair of Nike Running Shoes (Mid-Range) 636.79 zł 321.86-788.87
1 Pair of Men Leather Business Shoes 759.07 zł 473.32-1,104.42
Rent Per Month
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Apartment (1 bedroom) in City Centre 6,634.08 zł 5,048.79-8,078.06
Apartment (1 bedroom) Outside of Centre 5,537.27 zł 3,786.59-7,415.41
Apartment (3 bedrooms) in City Centre 9,307.95 zł 7,888.73-14,199.72
Apartment (3 bedrooms) Outside of Centre 7,986.55 zł 6,626.54-11,359.78
Buy Apartment Price
Edit
Price per Square Feet to Buy Apartment in City Centre 2,175.47 zł 1,495.08-2,931.52
Price per Square Feet to Buy Apartment Outside of Centre 1,613.66 zł 1,172.61-2,345.22
Salaries And Financing
Edit
Average Monthly Net Salary (After Tax) 17,380.43 zł
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 5.81 3.50-8.00

Prices in Iceland

This country had 1558 entries in the past 12 months by 214 different contributors.
Last update: March 2023
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:
  
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