Cost of Living in Iceland

Summary:

Restaurants
Edit Range
Meal, Inexpensive Restaurant 17.56 $ 11.94-35.12
Meal for 2 People, Mid-range Restaurant, Three-course 105.37 $ 70.24-140.49
McMeal at McDonalds (or Equivalent Combo Meal) 14.05 $ 12.05-16.86
Domestic Beer (1 pint draught) 8.43 $ 7.02-10.54
Imported Beer (12 oz small bottle) 7.02 $ 4.99-10.19
Cappuccino (regular) 4.17 $ 2.74-6.32
Coke/Pepsi (12 oz small bottle) 2.41 $ 1.76-3.51
Water (12 oz small bottle) 1.91 $ 1.40-2.81
Markets
Edit
Milk (regular), (1 gallon) 5.36 $ 4.28-6.51
Loaf of Fresh White Bread (1 lb) 2.69 $ 1.65-5.10
Rice (white), (1 lb) 1.31 $ 0.75-2.39
Eggs (regular) (12) 5.17 $ 3.95-8.01
Local Cheese (1 lb) 5.81 $ 3.36-8.28
Chicken Fillets (1 lb) 7.32 $ 5.74-8.92
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 11.09 $ 6.37-16.56
Apples (1 lb) 1.36 $ 0.80-2.55
Banana (1 lb) 0.97 $ 0.75-1.59
Oranges (1 lb) 1.11 $ 0.86-1.91
Tomato (1 lb) 1.90 $ 1.00-2.85
Potato (1 lb) 1.14 $ 0.64-1.59
Onion (1 lb) 0.60 $ 0.32-1.59
Lettuce (1 head) 2.52 $ 1.40-4.92
Water (1.5 liter bottle) 1.69 $ 0.77-3.51
Bottle of Wine (Mid-Range) 17.91 $ 14.05-28.10
Domestic Beer (0.5 liter bottle) 2.93 $ 2.32-4.04
Imported Beer (12 oz small bottle) 2.52 $ 2.11-3.51
Cigarettes 20 Pack (Marlboro) 10.82 $ 9.83-13.98
Transportation
Edit
One-way Ticket (Local Transport) 3.44 $ 3.23-4.14
Monthly Pass (Regular Price) 56.97 $ 46.83-93.43
Taxi Start (Normal Tariff) 5.13 $ 4.85-7.73
Taxi 1 mile (Normal Tariff) 3.74 $ 2.83-6.94
Taxi 1hour Waiting (Normal Tariff) 56.20 $ 55.63-65.75
Gasoline (1 gallon) 8.00 $ 6.12-9.19
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 30,345.60 $ 25,990.45-35,824.67
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) 33,974.51 $ 29,151.45-42,076.43
Utilities (Monthly)
Edit
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment 104.81 $ 50.58-170.59
1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans) 0.10 $ 0.04-0.14
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 64.62 $ 45.66-91.32
Sports And Leisure
Edit
Fitness Club, Monthly Fee for 1 Adult 60.25 $ 45.66-101.85
Tennis Court Rent (1 Hour on Weekend) 32.40 $ 18.26-42.15
Cinema, International Release, 1 Seat 12.19 $ 9.83-14.36
Childcare
Edit
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child 259.03 $ 203.71-421.47
International Primary School, Yearly for 1 Child 4,513.21 $ 2,107.33-7,024.45
Clothing And Shoes
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1 Pair of Jeans (Levis 501 Or Similar) 107.64 $ 56.90-140.49
1 Summer Dress in a Chain Store (Zara, H&M, ...) 47.82 $ 25.99-112.39
1 Pair of Nike Running Shoes (Mid-Range) 137.72 $ 71.65-175.61
1 Pair of Men Leather Business Shoes 164.43 $ 105.37-224.78
Rent Per Month
Edit
Apartment (1 bedroom) in City Centre 1,450.79 $ 1,123.91-1,791.23
Apartment (1 bedroom) Outside of Centre 1,190.56 $ 842.93-1,615.62
Apartment (3 bedrooms) in City Centre 1,999.09 $ 1,756.11-2,774.66
Apartment (3 bedrooms) Outside of Centre 1,748.92 $ 1,454.80-2,177.58
Buy Apartment Price
Edit
Price per Square Feet to Buy Apartment in City Centre 492.83 $ 332.82-652.59
Price per Square Feet to Buy Apartment Outside of Centre 367.27 $ 261.03-522.07
Salaries And Financing
Edit
Average Monthly Net Salary (After Tax) 3,813.76 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 5.54 3.50-8.00

Prices in Iceland

This country had 1387 entries in the past 12 months by 188 different contributors.
Last update: February 2023
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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