Cost of Living in Iceland

Cost of living in Iceland is 32.34% higher than in United States (aggregate data for all cities, rent is not taken into account).

Rent in Iceland is, on average, 1.55% higher than in United States.

Restaurants
[ Edit ] Range
Meal, Inexpensive Restaurant 18.82 $ 11.29-33.88
Meal for 2 People, Mid-range Restaurant, Three-course 105.41 $ 75.30-426.66
McMeal at McDonalds (or Equivalent Combo Meal) 13.24 $ 11.29-15.06
Domestic Beer (1 pint draught) 9.04 $ 6.66-11.29
Imported Beer (12 oz small bottle) 7.53 $ 6.02-11.29
Cappuccino (regular) 4.35 $ 3.01-6.02
Coke/Pepsi (12 oz small bottle) 2.49 $ 1.51-4.52
Water (12 oz small bottle) 1.96 $ 1.51-2.64
Markets
[ Edit ]
Milk (regular), (1 gallon) 4.87 $ 4.25-7.13
Loaf of Fresh White Bread (1 lb) 2.80 $ 2.00-4.44
Rice (white), (1 lb) 1.25 $ 0.68-2.01
Eggs (regular) (12) 5.14 $ 3.59-6.19
Local Cheese (1 lb) 5.32 $ 3.42-10.25
Chicken Fillets (1 lb) 6.78 $ 4.44-8.54
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 11.65 $ 8.54-16.74
Apples (1 lb) 1.13 $ 0.65-1.71
Banana (1 lb) 1.03 $ 0.68-1.50
Oranges (1 lb) 1.11 $ 0.85-2.05
Tomato (1 lb) 1.93 $ 1.20-2.73
Potato (1 lb) 1.07 $ 0.61-1.36
Onion (1 lb) 0.78 $ 0.33-1.37
Lettuce (1 head) 2.33 $ 1.50-3.01
Water (1.5 liter bottle) 1.77 $ 1.00-2.70
Bottle of Wine (Mid-Range) 18.82 $ 13.55-30.12
Domestic Beer (0.5 liter bottle) 2.95 $ 2.18-4.52
Imported Beer (12 oz small bottle) 2.77 $ 2.26-3.76
Cigarettes 20 Pack (Marlboro) 10.92 $ 10.47-12.72
Transportation
[ Edit ]
One-way Ticket (Local Transport) 3.61 $ 3.39-3.69
Monthly Pass (Regular Price) 96.38 $ 82.83-98.64
Taxi Start (Normal Tariff) 5.27 $ 5.20-8.28
Taxi 1 mile (Normal Tariff) 3.64 $ 2.93-6.06
Taxi 1hour Waiting (Normal Tariff) 59.63 $ 59.63-75.30
Gasoline (1 gallon) 6.38 $ 5.70-6.93
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 28,537.01 $ 26,729.91-30,118.21
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) 31,699.42 $ 30,042.92-33,882.99
Utilities (Monthly)
[ Edit ]
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment 105.70 $ 52.71-173.18
1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans) 0.18 $ 0.11-0.27
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 66.38 $ 45.18-105.41
Sports And Leisure
[ Edit ]
Fitness Club, Monthly Fee for 1 Adult 55.36 $ 45.18-86.06
Tennis Court Rent (1 Hour on Weekend) 36.27 $ 22.59-66.26
Cinema, International Release, 1 Seat 12.05 $ 10.54-15.06
Childcare
[ Edit ]
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child 264.52 $ 195.77-361.42
International Primary School, Yearly for 1 Child 5,116.33 $ 2,258.87-9,035.46
Clothing And Shoes
[ Edit ]
1 Pair of Jeans (Levis 501 Or Similar) 113.14 $ 75.30-150.59
1 Summer Dress in a Chain Store (Zara, H&M, ...) 55.73 $ 26.35-90.35
1 Pair of Nike Running Shoes (Mid-Range) 142.85 $ 90.35-188.24
1 Pair of Men Leather Business Shoes 174.65 $ 112.94-263.53
Rent Per Month
[ Edit ]
Apartment (1 bedroom) in City Centre 1,354.66 $ 978.84-1,882.39
Apartment (1 bedroom) Outside of Centre 1,120.02 $ 752.96-1,505.91
Apartment (3 bedrooms) in City Centre 2,120.39 $ 1,656.50-3,011.82
Apartment (3 bedrooms) Outside of Centre 1,823.03 $ 1,505.91-2,409.46
Buy Apartment Price
[ Edit ]
Price per Square Feet to Buy Apartment in City Centre 391.99 $ 279.81-500.37
Price per Square Feet to Buy Apartment Outside of Centre 307.01 $ 244.83-419.71
Salaries And Financing
[ Edit ]
Average Monthly Net Salary (After Tax) 3,000.01 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 5.90 3.90-7.33

Prices in Iceland

This country had 2088 entries in the past 12 months by 234 different contributors.
Last update: November 2020
Our data for each country are based on all entries from all cities in that country.
Sources and References
  
This page in other languages:

DeutschLebenshaltungskosten in Island
PortuguêsCusto de Vida na Islândia
ItalianoCosto della Vita in Islanda
FrançaisCoût de la Vie en Islande
EspañolCosto de Vida en Islandia