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Cost of Living in Iceland

Cost of living in Iceland is 45.45% higher than in United States (aggregate data for all cities, rent is not taken into account). Rent in Iceland is 24.14% higher than in United States (average data for all cities).
Restaurants [ Edit ] Range
Meal, Inexpensive Restaurant 20.20 $ 14.31-25.25
Meal for 2 People, Mid-range Restaurant, Three-course 96.79 $ 63.12-126.24
McMeal at McDonalds (or Equivalent Combo Meal) 12.76 $ 10.52-15.15
Domestic Beer (1 pint draught) 9.89 $ 8.42-10.10
Imported Beer (12 oz small bottle) 8.42 $ 6.73-10.10
Cappuccino (regular) 4.59 $ 3.79-5.47
Coke/Pepsi (12 oz small bottle) 2.59 $ 1.68-3.79
Water (12 oz small bottle) 2.11 $ 1.26-2.95
Markets [ Edit ]
Milk (regular), (1 gallon) 4.95 $ 4.46-5.73
Loaf of Fresh White Bread (1 lb) 2.72 $ 2.00-3.44
Rice (white), (1 lb) 1.33 $ 0.95-2.00
Eggs (regular) (12) 5.10 $ 4.21-5.89
Local Cheese (1 lb) 6.65 $ 5.00-8.02
Chicken Breasts (Boneless, Skinless), (1 lb) 7.87 $ 6.87-9.93
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 11.53 $ 7.25-14.89
Apples (1 lb) 1.09 $ 0.76-1.83
Banana (1 lb) 0.97 $ 0.76-1.45
Oranges (1 lb) 1.16 $ 0.92-1.53
Tomato (1 lb) 1.96 $ 1.13-2.86
Potato (1 lb) 0.95 $ 0.57-1.49
Onion (1 lb) 0.75 $ 0.31-1.30
Lettuce (1 head) 2.40 $ 1.09-3.37
Water (1.5 liter bottle) 1.87 $ 1.01-2.61
Bottle of Wine (Mid-Range) 21.04 $ 16.83-25.25
Domestic Beer (0.5 liter bottle) 2.93 $ 2.43-3.37
Imported Beer (12 oz small bottle) 2.84 $ 2.36-3.50
Cigarettes 20 Pack (Marlboro) 11.11 $ 10.10-12.20
Transportation [ Edit ]
One-way Ticket (Local Transport) 3.87 $ 3.79-3.96
Monthly Pass (Regular Price) 103.52 $ 98.89-107.73
Taxi Start (Normal Tariff) 5.81 $ 5.81-6.73
Taxi 1 mile (Normal Tariff) 4.06 $ 3.28-5.97
Taxi 1hour Waiting (Normal Tariff) 66.66 $ 62.62-84.16
Gasoline (1 gallon) 7.06 $ 6.69-7.33
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 28,614.72 $ 27,352.31-33,664.38
Toyota Corolla 1.6l 97kW Comfort (Or Equivalent New Car) 32,758.03 $ 26,931.50-36,189.20
Utilities (Monthly) [ Edit ]
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment 102.44 $ 64.01-162.58
1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans) 0.18 $ 0.13-0.21
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 62.20 $ 42.00-84.16
Sports And Leisure [ Edit ]
Fitness Club, Monthly Fee for 1 Adult 61.33 $ 54.70-96.20
Tennis Court Rent (1 Hour on Weekend) 36.01 $ 25.25-75.74
Cinema, International Release, 1 Seat 12.62 $ 11.78-13.89
Childcare [ Edit ]
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child 296.70 $ 235.65-372.24
International Primary School, Yearly for 1 Child 16,832.19 $ 10,099.31-20,198.63
Clothing And Shoes [ Edit ]
1 Pair of Jeans (Levis 501 Or Similar) 116.86 $ 67.33-168.32
1 Summer Dress in a Chain Store (Zara, H&M, ...) 57.49 $ 37.87-126.24
1 Pair of Nike Running Shoes (Mid-Range) 154.47 $ 108.57-210.40
1 Pair of Men Leather Business Shoes 207.71 $ 151.49-294.56
Rent Per Month [ Edit ]
Apartment (1 bedroom) in City Centre 1,602.69 $ 1,178.25-2,104.02
Apartment (1 bedroom) Outside of Centre 1,338.16 $ 925.77-1,683.22
Apartment (3 bedrooms) in City Centre 2,408.11 $ 1,851.54-2,945.63
Apartment (3 bedrooms) Outside of Centre 1,992.35 $ 1,599.06-2,423.84
Buy Apartment Price [ Edit ]
Price per Square Feet to Buy Apartment in City Centre 439.38 $ 359.66-547.31
Price per Square Feet to Buy Apartment Outside of Centre 334.51 $ 273.66-420.80
Salaries And Financing [ Edit ]
Average Monthly Net Salary (After Tax) 3,139.05 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.25 0.04-0.06

Prices in Iceland

These data are based on 3082 entries in the past 18 months from 382 different contributors.
Last update: February 2019
Our data for each country are based on all entries from all cities in that country.
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DeutschLebenshaltungskosten in Island
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More about Iceland: Cost of Living | Crime | Climate | Food Prices | Gas Prices | Health Care | Pollution | Property Prices | Quality of Life | Taxi Fare | Traffic

Cost of Living in this country for some cities: Reykjavik

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