Cost of Living in Reykjavik

Summary about cost of living in Reykjavik, Iceland:

Restaurants
Edit Range
Meal, Inexpensive Restaurant 2,500.00 kr 1,780.73-3,500.00
Meal for 2 People, Mid-range Restaurant, Three-course 15,490.00 kr 11,000.00-22,000.00
McMeal at McDonalds (or Equivalent Combo Meal) 1,774.50 kr 1,500.00-2,000.00
Domestic Beer (1 pint draught) 1,200.00 kr 900.00-1,500.00
Imported Beer (12 oz small bottle) 1,150.00 kr 1,000.00-1,500.00
Cappuccino (regular) 582.85 kr 400.00-800.00
Coke/Pepsi (12 oz small bottle) 340.86 kr 250.00-500.00
Water (12 oz small bottle) 266.84 kr 200.00-350.00
Markets
Edit
Milk (regular), (1 gallon) 683.17 kr 567.81-946.35
Loaf of Fresh White Bread (1 lb) 426.65 kr 293.93-725.75
Rice (white), (1 lb) 158.18 kr 90.72-258.09
Eggs (regular) (12) 710.12 kr 550.00-822.00
Local Cheese (1 lb) 712.80 kr 453.59-985.20
Chicken Fillets (1 lb) 850.52 kr 589.67-1,133.98
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 1,561.67 kr 906.73-2,267.96
Apples (1 lb) 140.87 kr 72.57-226.80
Banana (1 lb) 118.61 kr 95.25-181.44
Oranges (1 lb) 125.76 kr 107.96-317.52
Tomato (1 lb) 246.98 kr 158.30-362.87
Potato (1 lb) 149.52 kr 68.04-180.98
Onion (1 lb) 94.18 kr 54.43-158.76
Lettuce (1 head) 303.00 kr 240.00-350.00
Water (1.5 liter bottle) 249.50 kr 130.00-379.00
Bottle of Wine (Mid-Range) 2,600.00 kr 1,900.00-4,000.00
Domestic Beer (0.5 liter bottle) 437.54 kr 300.00-600.00
Imported Beer (12 oz small bottle) 403.54 kr 300.00-500.00
Cigarettes 20 Pack (Marlboro) 1,479.00 kr 1,390.00-1,690.00
Transportation
Edit
One-way Ticket (Local Transport) 480.00 kr 470.00-490.00
Monthly Pass (Regular Price) 13,000.00 kr 12,800.00-13,100.00
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) 857.17 kr 757.08-946.35
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 3,790,000.00 kr 3,555,000.00-4,120,000.00
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) 4,308,000.00 kr 4,070,000.00-4,730,000.00
Utilities (Monthly)
Edit
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment 12,940.24 kr 6,000.00-24,285.71
1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans) 19.57 kr 5.00-20.00
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 8,477.27 kr 6,000.00-12,000.00
Sports And Leisure
Edit
Fitness Club, Monthly Fee for 1 Adult 7,243.58 kr 6,000.00-10,000.00
Tennis Court Rent (1 Hour on Weekend) 4,422.22 kr 3,000.00-8,800.00
Cinema, International Release, 1 Seat 1,650.00 kr 1,500.00-2,000.00
Childcare
Edit
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child 35,125.41 kr 26,000.00-45,000.00
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) 14,245.00 kr 8,000.00-19,000.00
1 Summer Dress in a Chain Store (Zara, H&M, ...) 6,026.32 kr 3,500.00-11,000.00
1 Pair of Nike Running Shoes (Mid-Range) 17,916.46 kr 12,000.00-25,000.00
1 Pair of Men Leather Business Shoes 23,423.57 kr 15,000.00-40,000.00
Rent Per Month
Edit
Apartment (1 bedroom) in City Centre 200,800.00 kr 150,000.00-250,000.00
Apartment (1 bedroom) Outside of Centre 174,375.00 kr 130,000.00-224,000.00
Apartment (3 bedrooms) in City Centre 323,560.00 kr 255,000.00-450,000.00
Apartment (3 bedrooms) Outside of Centre 273,272.73 kr 230,000.00-350,000.00
Buy Apartment Price
Edit
Price per Square Feet to Buy Apartment in City Centre 56,015.84 kr 48,309.18-74,321.81
Price per Square Feet to Buy Apartment Outside of Centre 42,883.55 kr 36,919.18-55,741.36
Salaries And Financing
Edit
Average Monthly Net Salary (After Tax) 401,788.98 kr
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 5.98 3.90-7.50

Prices in Reykjavik

This city had 628 entries in the past 12 months by 76 different contributors.
Last update: March 2021
Sources and References
Sign up for our newsletter:
Your Email Address:
  
  
Leave a comment:

Your name: Sign In

Your email address (optional):

Your comment (no HTML):

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