Cost of Living in Iceland

Cost of living in Iceland is 34.19% higher than in United States (aggregate data for all cities, rent is not taken into account).

Rent in Iceland is, on average, 4.62% higher than in United States.

Restaurants
Edit Range
Meal, Inexpensive Restaurant 19.28 $ 11.57-34.70
Meal for 2 People, Mid-range Restaurant, Three-course 100.25 $ 77.11-192.78
McMeal at McDonalds (or Equivalent Combo Meal) 13.54 $ 11.57-15.42
Domestic Beer (1 pint draught) 9.25 $ 6.79-11.57
Imported Beer (12 oz small bottle) 7.86 $ 6.17-11.57
Cappuccino (regular) 4.48 $ 3.08-6.94
Coke/Pepsi (12 oz small bottle) 2.58 $ 1.54-4.63
Water (12 oz small bottle) 2.04 $ 1.54-2.70
Markets
Edit
Milk (regular), (1 gallon) 4.97 $ 4.35-7.30
Loaf of Fresh White Bread (1 lb) 2.91 $ 2.00-4.55
Rice (white), (1 lb) 1.22 $ 0.70-2.02
Eggs (regular) (12) 5.21 $ 3.68-6.17
Local Cheese (1 lb) 5.44 $ 3.50-10.49
Chicken Fillets (1 lb) 6.96 $ 4.55-8.74
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 11.83 $ 8.74-13.99
Apples (1 lb) 1.15 $ 0.66-1.75
Banana (1 lb) 1.06 $ 0.70-1.50
Oranges (1 lb) 1.13 $ 0.87-2.10
Tomato (1 lb) 1.99 $ 1.22-2.80
Potato (1 lb) 1.09 $ 0.63-1.40
Onion (1 lb) 0.77 $ 0.34-1.29
Lettuce (1 head) 2.33 $ 1.50-3.07
Water (1.5 liter bottle) 1.85 $ 1.16-2.76
Bottle of Wine (Mid-Range) 19.28 $ 13.88-30.85
Domestic Beer (0.5 liter bottle) 3.06 $ 2.23-4.63
Imported Beer (12 oz small bottle) 2.87 $ 2.31-3.86
Cigarettes 20 Pack (Marlboro) 11.18 $ 10.72-13.88
Transportation
Edit
One-way Ticket (Local Transport) 3.70 $ 3.47-3.78
Monthly Pass (Regular Price) 98.70 $ 84.82-101.02
Taxi Start (Normal Tariff) 5.36 $ 5.32-8.48
Taxi 1 mile (Normal Tariff) 3.72 $ 3.00-4.36
Taxi 1hour Waiting (Normal Tariff) 61.07 $ 61.07-61.69
Gasoline (1 gallon) 6.53 $ 5.84-7.01
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 29,225.79 $ 27,375.08-31,770.51
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) 32,489.48 $ 30,768.04-35,240.59
Utilities (Monthly)
Edit
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment 106.50 $ 50.42-177.36
1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans) 0.17 $ 0.04-0.21
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 68.02 $ 46.27-107.96
Sports And Leisure
Edit
Fitness Club, Monthly Fee for 1 Adult 56.44 $ 46.27-88.14
Tennis Court Rent (1 Hour on Weekend) 35.83 $ 23.13-46.27
Cinema, International Release, 1 Seat 12.34 $ 10.80-15.42
Childcare
Edit
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child 272.08 $ 200.49-347.01
International Primary School, Yearly for 1 Child 5,239.82 $ 2,313.39-9,253.55
Clothing And Shoes
Edit
1 Pair of Jeans (Levis 501 Or Similar) 115.11 $ 77.11-154.23
1 Summer Dress in a Chain Store (Zara, H&M, ...) 57.28 $ 26.99-92.54
1 Pair of Nike Running Shoes (Mid-Range) 146.30 $ 92.54-192.78
1 Pair of Men Leather Business Shoes 181.17 $ 115.67-269.90
Rent Per Month
Edit
Apartment (1 bedroom) in City Centre 1,390.12 $ 1,002.47-1,927.82
Apartment (1 bedroom) Outside of Centre 1,174.38 $ 771.13-1,542.26
Apartment (3 bedrooms) in City Centre 2,182.79 $ 1,696.48-3,084.52
Apartment (3 bedrooms) Outside of Centre 1,889.66 $ 1,542.26-2,467.61
Buy Apartment Price
Edit
Price per Square Feet to Buy Apartment in City Centre 404.27 $ 286.56-573.12
Price per Square Feet to Buy Apartment Outside of Centre 315.85 $ 250.74-429.84
Salaries And Financing
Edit
Average Monthly Net Salary (After Tax) 3,073.04 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 5.85 3.50-7.33

Prices in Iceland

This country had 840 entries in the past 12 months by 94 different contributors.
Last update: January 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