Cost of Living in Reykjavik

Summary about cost of living in Reykjavik, Iceland:

Restaurants
Edit Range
Meal, Inexpensive Restaurant 2,500.00 kr 1,853.55-3,500.00
Meal for 2 People, Mid-range Restaurant, Three-course 15,000.00 kr 11,000.00-23,000.00
McMeal at McDonalds (or Equivalent Combo Meal) 1,800.00 kr 1,500.00-2,500.00
Domestic Beer (1 pint draught) 1,200.00 kr 800.00-1,500.00
Imported Beer (12 oz small bottle) 1,100.00 kr 1,000.00-1,400.00
Cappuccino (regular) 574.72 kr 400.00-800.00
Coke/Pepsi (12 oz small bottle) 348.79 kr 247.14-500.00
Water (12 oz small bottle) 279.18 kr 200.00-350.00
Markets
Edit
Milk (regular), (1 gallon) 695.18 kr 567.81-946.35
Loaf of Fresh White Bread (1 lb) 437.55 kr 293.93-800.00
Rice (white), (1 lb) 159.39 kr 113.40-258.09
Eggs (regular) (12) 745.72 kr 600.00-900.00
Local Cheese (1 lb) 784.49 kr 476.27-2,041.17
Chicken Fillets (1 lb) 899.29 kr 589.67-1,133.98
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 1,627.24 kr 906.73-2,267.96
Apples (1 lb) 140.15 kr 86.18-181.44
Banana (1 lb) 119.24 kr 108.41-181.44
Oranges (1 lb) 125.03 kr 107.96-317.52
Tomato (1 lb) 292.34 kr 158.30-362.87
Potato (1 lb) 152.41 kr 68.04-180.98
Onion (1 lb) 94.18 kr 44.45-158.76
Lettuce (1 head) 315.62 kr 249.00-350.00
Water (1.5 liter bottle) 255.75 kr 150.00-379.00
Bottle of Wine (Mid-Range) 3,000.00 kr 2,100.00-5,000.00
Domestic Beer (0.5 liter bottle) 462.42 kr 279.00-604.55
Imported Beer (12 oz small bottle) 410.67 kr 329.00-500.00
Cigarettes 20 Pack (Marlboro) 1,600.00 kr 1,400.00-1,800.00
Transportation
Edit
One-way Ticket (Local Transport) 480.00 kr 470.00-490.00
Monthly Pass (Regular Price) 13,100.00 kr 12,800.00-13,300.00
Taxi Start (Normal Tariff) 690.00 kr 690.00-900.00
Taxi 1 mile (Normal Tariff) 564.88 kr 389.46-643.74
Taxi 1hour Waiting (Normal Tariff) 7,920.00 kr 6,000.00-7,920.00
Gasoline (1 gallon) 860.89 kr 765.03-946.35
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 3,790,000.00 kr 3,790,000.00-4,500,000.00
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) 4,473,125.00 kr 4,150,000.00-5,190,000.00
Utilities (Monthly)
Edit
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment 14,215.91 kr 6,000.00-24,285.71
1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans) 18.38 kr 5.00-20.00
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 8,586.96 kr 6,000.00-12,000.00
Sports And Leisure
Edit
Fitness Club, Monthly Fee for 1 Adult 7,329.92 kr 6,000.00-11,430.00
Tennis Court Rent (1 Hour on Weekend) 4,700.00 kr 3,000.00-8,800.00
Cinema, International Release, 1 Seat 1,690.00 kr 1,500.00-2,000.00
Childcare
Edit
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child 36,184.24 kr 26,000.00-50,000.00
International Primary School, Yearly for 1 Child 860,000.00 kr 600,000.00-2,000,000.00
Clothing And Shoes
Edit
1 Pair of Jeans (Levis 501 Or Similar) 14,803.75 kr 8,000.00-20,000.00
1 Summer Dress in a Chain Store (Zara, H&M, ...) 6,155.61 kr 3,500.00-11,000.00
1 Pair of Nike Running Shoes (Mid-Range) 17,491.46 kr 10,000.00-25,000.00
1 Pair of Men Leather Business Shoes 23,912.29 kr 15,000.00-40,000.00
Rent Per Month
Edit
Apartment (1 bedroom) in City Centre 202,777.78 kr 150,000.00-250,000.00
Apartment (1 bedroom) Outside of Centre 174,230.77 kr 130,000.00-200,000.00
Apartment (3 bedrooms) in City Centre 321,400.00 kr 255,000.00-450,000.00
Apartment (3 bedrooms) Outside of Centre 271,680.00 kr 230,000.00-350,000.00
Buy Apartment Price
Edit
Price per Square Feet to Buy Apartment in City Centre 59,037.18 kr 49,238.20-92,902.27
Price per Square Feet to Buy Apartment Outside of Centre 43,691.39 kr 37,160.91-55,741.36
Salaries And Financing
Edit
Average Monthly Net Salary (After Tax) 414,939.69 kr
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 5.38 3.50-7.00

Prices in Reykjavik

This city had 812 entries in the past 12 months by 101 different contributors.
Last update: June 2021
Sources and References
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1 Comments so far
Gio on Jul 26, 2018:
Hello everyone

I have two questions:
1. Do you know any website where I can rent a flat for months?
2. Do you know any website to find basic jobs?

thnx