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Cost of Living in Iceland

Cost of living in Iceland is 41.51% higher than in United States (aggregate data for all cities, rent is not taken into account). Rent in Iceland is 22.67% higher than in United States (average data for all cities).
Restaurants [ Edit ] Range
Meal, Inexpensive Restaurant 19.89 $ 13.67-24.86
Meal for 2 People, Mid-range Restaurant, Three-course 99.44 $ 66.30-124.31
McMeal at McDonalds (or Equivalent Combo Meal) 12.43 $ 10.36-15.66
Domestic Beer (1 pint draught) 9.53 $ 8.29-9.94
Imported Beer (12 oz small bottle) 8.29 $ 6.63-9.94
Cappuccino (regular) 4.52 $ 3.73-5.39
Coke/Pepsi (12 oz small bottle) 2.48 $ 1.66-3.73
Water (12 oz small bottle) 2.04 $ 1.24-2.90
Markets [ Edit ]
Milk (regular), (1 gallon) 4.81 $ 4.39-5.33
Loaf of Fresh White Bread (1 lb) 2.66 $ 2.00-3.38
Rice (white), (1 lb) 1.25 $ 0.94-2.00
Eggs (regular) (12) 5.03 $ 4.14-5.97
Local Cheese (1 lb) 6.43 $ 4.89-7.52
Chicken Breasts (Boneless, Skinless), (1 lb) 7.33 $ 6.01-8.27
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 10.60 $ 7.14-14.66
Apples (1 lb) 1.06 $ 0.74-1.88
Banana (1 lb) 0.93 $ 0.75-1.43
Oranges (1 lb) 1.11 $ 0.94-1.50
Tomato (1 lb) 1.77 $ 1.11-2.26
Potato (1 lb) 0.95 $ 0.75-1.47
Onion (1 lb) 0.69 $ 0.30-1.13
Lettuce (1 head) 2.27 $ 1.08-3.31
Water (1.5 liter bottle) 1.79 $ 1.00-2.49
Bottle of Wine (Mid-Range) 20.72 $ 15.75-24.86
Domestic Beer (0.5 liter bottle) 2.88 $ 2.39-3.64
Imported Beer (12 oz small bottle) 2.82 $ 2.49-3.48
Cigarettes 20 Pack (Marlboro) 11.19 $ 9.94-12.43
Transportation [ Edit ]
One-way Ticket (Local Transport) 3.81 $ 3.65-3.89
Monthly Pass (Regular Price) 101.93 $ 97.37-106.07
Taxi Start (Normal Tariff) 5.72 $ 5.72-6.63
Taxi 1 mile (Normal Tariff) 4.00 $ 3.23-5.88
Taxi 1hour Waiting (Normal Tariff) 65.63 $ 61.66-82.87
Gasoline (1 gallon) 6.96 $ 6.43-7.25
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 28,175.99 $ 25,689.87-33,148.23
Toyota Corolla 1.6l 97kW Comfort (Or Equivalent New Car) 32,156.64 $ 26,352.84-37,208.88
Utilities (Monthly) [ Edit ]
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment 98.24 $ 60.38-160.09
1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans) 0.17 $ 0.12-0.21
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 63.76 $ 41.44-84.53
Sports And Leisure [ Edit ]
Fitness Club, Monthly Fee for 1 Adult 60.08 $ 49.72-94.72
Tennis Court Rent (1 Hour on Weekend) 35.78 $ 24.86-74.58
Cinema, International Release, 1 Seat 12.43 $ 11.60-14.01
Childcare [ Edit ]
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child 291.69 $ 215.16-356.34
International Primary School, Yearly for 1 Child 7,182.12 $ 4,972.23-16,574.11
Clothing And Shoes [ Edit ]
1 Pair of Jeans (Levis 501 Or Similar) 114.62 $ 66.30-165.74
1 Summer Dress in a Chain Store (Zara, H&M, ...) 53.51 $ 33.15-99.44
1 Pair of Nike Running Shoes (Mid-Range) 152.20 $ 107.73-207.18
1 Pair of Men Leather Business Shoes 194.48 $ 132.59-290.05
Rent Per Month [ Edit ]
Apartment (1 bedroom) in City Centre 1,573.81 $ 1,243.06-2,071.76
Apartment (1 bedroom) Outside of Centre 1,309.53 $ 994.45-1,657.41
Apartment (3 bedrooms) in City Centre 2,392.09 $ 1,906.02-3,066.21
Apartment (3 bedrooms) Outside of Centre 1,993.87 $ 1,657.41-2,486.12
Buy Apartment Price [ Edit ]
Price per Square Feet to Buy Apartment in City Centre 437.29 $ 384.94-538.92
Price per Square Feet to Buy Apartment Outside of Centre 333.42 $ 269.46-414.35
Salaries And Financing [ Edit ]
Average Monthly Net Salary (After Tax) 3,203.85 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.27 0.04-0.06

Prices in Iceland

These data are based on 3012 entries in the past 18 months from 359 different contributors.
Last update: April 2019
Our data for each country are based on all entries from all cities in that country.
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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!