Cost of Living in Iceland

Summary:

Restaurants
Edit Range
Meal, Inexpensive Restaurant 20.23 $ 12.14-36.42
Meal for 2 People, Mid-range Restaurant, Three-course 105.20 $ 80.84-178.04
McMeal at McDonalds (or Equivalent Combo Meal) 14.57 $ 12.14-20.00
Domestic Beer (1 pint draught) 9.71 $ 5.00-12.14
Imported Beer (12 oz small bottle) 8.09 $ 6.47-12.14
Cappuccino (regular) 4.63 $ 3.16-7.28
Coke/Pepsi (12 oz small bottle) 2.76 $ 1.62-4.15
Water (12 oz small bottle) 2.14 $ 1.62-2.83
Markets
Edit
Milk (regular), (1 gallon) 5.30 $ 4.60-7.57
Loaf of Fresh White Bread (1 lb) 3.16 $ 2.02-6.47
Rice (white), (1 lb) 1.31 $ 0.73-2.12
Eggs (regular) (12) 5.65 $ 4.05-7.28
Local Cheese (1 lb) 6.02 $ 3.85-11.01
Chicken Fillets (1 lb) 7.38 $ 4.77-9.18
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 12.51 $ 8.44-14.68
Apples (1 lb) 1.16 $ 0.73-1.84
Banana (1 lb) 1.11 $ 0.73-1.50
Oranges (1 lb) 1.14 $ 0.92-2.20
Tomato (1 lb) 2.22 $ 1.28-2.94
Potato (1 lb) 1.17 $ 0.66-1.46
Onion (1 lb) 0.76 $ 0.36-1.35
Lettuce (1 head) 2.45 $ 1.38-3.24
Water (1.5 liter bottle) 1.94 $ 1.21-2.90
Bottle of Wine (Mid-Range) 20.64 $ 14.57-40.46
Domestic Beer (0.5 liter bottle) 3.23 $ 2.34-4.86
Imported Beer (12 oz small bottle) 3.15 $ 2.43-4.05
Cigarettes 20 Pack (Marlboro) 12.05 $ 11.32-14.57
Transportation
Edit
One-way Ticket (Local Transport) 3.88 $ 3.64-3.97
Monthly Pass (Regular Price) 103.59 $ 60.69-107.63
Taxi Start (Normal Tariff) 5.62 $ 5.58-8.90
Taxi 1 mile (Normal Tariff) 4.00 $ 3.15-5.21
Taxi 1hour Waiting (Normal Tariff) 64.09 $ 64.09-64.74
Gasoline (1 gallon) 6.90 $ 6.13-7.60
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 30,670.87 $ 29,052.36-34,393.46
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) 34,574.73 $ 32,370.32-38,763.45
Utilities (Monthly)
Edit
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment 119.99 $ 52.91-196.53
1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans) 0.17 $ 0.08-0.22
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 71.38 $ 48.56-113.30
Sports And Leisure
Edit
Fitness Club, Monthly Fee for 1 Adult 63.45 $ 48.56-111.76
Tennis Court Rent (1 Hour on Weekend) 36.73 $ 24.28-48.56
Cinema, International Release, 1 Seat 13.31 $ 11.33-16.19
Childcare
Edit
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child 286.75 $ 210.41-404.63
International Primary School, Yearly for 1 Child 5,498.91 $ 2,427.77-9,711.09
Clothing And Shoes
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1 Pair of Jeans (Levis 501 Or Similar) 123.71 $ 80.93-161.85
1 Summer Dress in a Chain Store (Zara, H&M, ...) 59.14 $ 28.32-97.11
1 Pair of Nike Running Shoes (Mid-Range) 159.64 $ 97.11-202.31
1 Pair of Men Leather Business Shoes 192.43 $ 121.39-283.24
Rent Per Month
Edit
Apartment (1 bedroom) in City Centre 1,469.86 $ 1,052.04-2,023.14
Apartment (1 bedroom) Outside of Centre 1,245.39 $ 809.26-1,618.52
Apartment (3 bedrooms) in City Centre 2,232.65 $ 1,618.52-3,237.03
Apartment (3 bedrooms) Outside of Centre 1,950.72 $ 1,618.52-2,589.63
Buy Apartment Price
Edit
Price per Square Feet to Buy Apartment in City Centre 426.06 $ 300.73-639.05
Price per Square Feet to Buy Apartment Outside of Centre 328.81 $ 248.10-451.09
Salaries And Financing
Edit
Average Monthly Net Salary (After Tax) 3,228.81 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 5.39 3.50-7.00

Prices in Iceland

This country had 1198 entries in the past 12 months by 135 different contributors.
Last update: June 2021
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