Cost of Living in Iceland

Summary of cost of living in Iceland:

Restaurants
Edit Range
Meal, Inexpensive Restaurant 21.32 $ 14.14-35.54
Meal for 2 People, Mid-range Restaurant, Three-course 116.74 $ 71.08-199.02
McMeal at McDonalds (or Equivalent Combo Meal) 16.34 $ 14.14-17.77
Domestic Beer (1 pint draught) 9.95 $ 6.41-12.79
Imported Beer (12 oz small bottle) 8.53 $ 6.04-12.89
Cappuccino (regular) 4.81 $ 2.99-7.11
Coke/Pepsi (12 oz small bottle) 2.79 $ 1.99-3.74
Water (12 oz small bottle) 2.07 $ 1.42-3.41
Markets
Edit
Milk (regular), (1 gallon) 5.99 $ 4.49-8.09
Loaf of Fresh White Bread (1 lb) 3.10 $ 1.91-6.45
Rice (white), (1 lb) 1.41 $ 0.84-2.24
Eggs (regular) (12) 5.66 $ 4.25-8.10
Local Cheese (1 lb) 6.51 $ 3.87-9.67
Chicken Fillets (1 lb) 8.27 $ 4.99-11.28
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 13.82 $ 7.42-22.25
Apples (1 lb) 1.40 $ 0.81-2.41
Banana (1 lb) 0.98 $ 0.81-1.61
Oranges (1 lb) 1.22 $ 0.89-2.88
Tomato (1 lb) 2.08 $ 1.00-3.22
Potato (1 lb) 1.37 $ 0.73-2.26
Onion (1 lb) 0.86 $ 0.35-1.77
Lettuce (1 head) 3.08 $ 1.42-4.98
Water (1.5 liter bottle) 2.09 $ 0.77-3.55
Bottle of Wine (Mid-Range) 19.55 $ 14.22-31.99
Domestic Beer (0.5 liter bottle) 3.13 $ 2.35-4.26
Imported Beer (12 oz small bottle) 2.63 $ 1.78-3.55
Cigarettes 20 Pack (Marlboro) 11.37 $ 10.58-14.22
Transportation
Edit
One-way Ticket (Local Transport) 4.05 $ 3.48-4.48
Monthly Pass (Regular Price) 66.10 $ 56.86-92.40
Taxi Start (Normal Tariff) 5.19 $ 4.98-6.33
Taxi 1 mile (Normal Tariff) 3.71 $ 3.27-5.49
Taxi 1hour Waiting (Normal Tariff) 66.53 $ 56.86-85.29
Gasoline (1 gallon) 8.36 $ 7.07-9.01
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 36,925.15 $ 31,985.22-41,154.31
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) 41,620.89 $ 36,178.83-49,754.78
Utilities (Monthly)
Edit
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment 105.01 $ 49.75-177.70
Mobile Phone Monthly Plan with Calls and 10GB+ Data 23.60 $ 18.48-35.54
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 70.14 $ 46.20-109.46
Sports And Leisure
Edit
Fitness Club, Monthly Fee for 1 Adult 63.01 $ 47.39-99.51
Tennis Court Rent (1 Hour on Weekend) 30.20 $ 18.48-42.65
Cinema, International Release, 1 Seat 14.22 $ 11.37-16.35
Childcare
Edit
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child 266.82 $ 216.79-355.39
International Primary School, Yearly for 1 Child 5,517.45 $ 4,335.77-8,884.78
Clothing And Shoes
Edit
1 Pair of Jeans (Levis 501 Or Similar) 115.24 $ 58.28-142.16
1 Summer Dress in a Chain Store (Zara, H&M, ...) 50.42 $ 27.01-113.73
1 Pair of Nike Running Shoes (Mid-Range) 149.22 $ 73.21-191.91
1 Pair of Men Leather Business Shoes 176.68 $ 108.39-248.77
Rent Per Month
Edit
Apartment (1 bedroom) in City Centre 1,725.27 $ 1,197.61-2,132.35
Apartment (1 bedroom) Outside of Centre 1,535.78 $ 1,016.42-1,990.19
Apartment (3 bedrooms) in City Centre 2,424.29 $ 1,812.50-3,376.22
Apartment (3 bedrooms) Outside of Centre 2,196.32 $ 1,563.72-3,198.52
Buy Apartment Price
Edit
Price per Square Feet to Buy Apartment in City Centre 529.75 $ 396.20-726.37
Price per Square Feet to Buy Apartment Outside of Centre 431.71 $ 330.17-594.30
Salaries And Financing
Edit
Average Monthly Net Salary (After Tax) 4,116.94 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 7.37 3.69-10.50

Prices in Iceland

This country had 1423 entries in the past 12 months by 197 different contributors.
Last update: April 2024
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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