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Cost of Living in Reykjavik
Summary about cost of living in Reykjavik:
- Four-person family monthly costs: 4,930.03$ (523,727.11kr) without rent (using our estimator).
- A single person monthly costs: 1,330.29$ (141,319.15kr) without rent.
- Cost of living rank 7th out of 545 cities in the world.
- Reykjavik has a cost of living index of 113.23.
| Restaurants | [ Edit ] | Range |
|---|---|---|
| Meal, Inexpensive Restaurant | 2,062.32 kr | |
| Meal for 2 People, Mid-range Restaurant, Three-course | 12,500.00 kr | |
| McMeal at McDonalds (or Equivalent Combo Meal) | 1,500.00 kr | |
| Domestic Beer (1 pint draught) | 1,197.50 kr | |
| Imported Beer (11.2 oz small bottle) | 1,000.00 kr | |
| Cappuccino (regular) | 548.56 kr | |
| Coke/Pepsi (11.2 oz small bottle) | 297.30 kr | |
| Water (11.2 oz small bottle) | 244.26 kr | |
| Markets | [ Edit ] | |
| Milk (regular), (1 gallon) | 583.76 kr | |
| Loaf of Fresh White Bread (1 lb) | 344.56 kr | |
| Rice (white), (1 lb) | 143.24 kr | |
| Eggs (regular) (12) | 609.07 kr | |
| Local Cheese (1 lb) | 783.61 kr | |
| Chicken Breasts (Boneless, Skinless), (1 lb) | 937.65 kr | |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) | 1,280.68 kr | |
| Apples (1 lb) | 151.23 kr | |
| Banana (1 lb) | 115.47 kr | |
| Oranges (1 lb) | 148.10 kr | |
| Tomato (1 lb) | 220.28 kr | |
| Potato (1 lb) | 115.11 kr | |
| Onion (1 lb) | 64.45 kr | |
| Lettuce (1 head) | 297.50 kr | |
| Water (1.5 liter bottle) | 242.07 kr | |
| Bottle of Wine (Mid-Range) | 2,200.00 kr | |
| Domestic Beer (0.5 liter bottle) | 344.00 kr | |
| Imported Beer (11.2 oz small bottle) | 314.23 kr | |
| Cigarettes 20 Pack (Marlboro) | 1,300.00 kr | |
| Transportation | [ Edit ] | |
| One-way Ticket (Local Transport) | 450.00 kr | |
| Monthly Pass (Regular Price) | 11,750.00 kr | |
| Taxi Start (Normal Tariff) | 690.00 kr | |
| Taxi 1 mile (Normal Tariff) | 480.39 kr | |
| Taxi 1hour Waiting (Normal Tariff) | 7,440.00 kr | |
| Gasoline (1 gallon) | 769.09 kr | |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) | 3,400,000.00 kr | |
| Toyota Corolla 1.6l 97kW Comfort (Or Equivalent New Car) | 3,490,000.00 kr | |
| Utilities (Monthly) | [ Edit ] | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment | 13,245.81 kr | |
| 1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans) | 20.59 kr | |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) | 6,486.92 kr | |
| Sports And Leisure | [ Edit ] | |
| Fitness Club, Monthly Fee for 1 Adult | 7,611.41 kr | |
| Tennis Court Rent (1 Hour on Weekend) | 3,370.00 kr | |
| Cinema, International Release, 1 Seat | 1,490.00 kr | |
| Childcare | [ Edit ] | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child | 34,427.78 kr | |
| International Primary School, Yearly for 1 Child | 2,400,000.00 kr | |
| Clothing And Shoes | [ Edit ] | |
| 1 Pair of Jeans (Levis 501 Or Similar) | 14,014.07 kr | |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) | 7,135.00 kr | |
| 1 Pair of Nike Running Shoes (Mid-Range) | 16,595.86 kr | |
| 1 Pair of Men Leather Business Shoes | 23,551.60 kr | |
| Rent Per Month | [ Edit ] | |
| Apartment (1 bedroom) in City Centre | 187,424.24 kr | |
| Apartment (1 bedroom) Outside of Centre | 151,206.90 kr | |
| Apartment (3 bedrooms) in City Centre | 292,968.75 kr | |
| Apartment (3 bedrooms) Outside of Centre | 238,181.82 kr | |
| Buy Apartment Price | [ Edit ] | |
| Price per Square Feet to Buy Apartment in City Centre | 51,066.97 kr | |
| Price per Square Feet to Buy Apartment Outside of Centre | 39,823.02 kr | |
| Salaries And Financing | [ Edit ] | |
| Average Monthly Net Salary (After Tax) | 363,734.73 kr | |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 6.45 |
Prices in Reykjavik
These data are based on 1910 entries in the past 18 months from 244 different contributors.
Last update: May 2018
Last update: May 2018
Sources and References:
6 Comments so far
£6? More like £11!